Japan is looking to boost its defense budget to the biggest it’s ever been, to pay for drones, stealth fighters and a new high-tech submarine amid intensifying military rivalry with China and concerns over North Korea’s missile program.
The NATO chief wants member states to agree to increase their defense spending at next week’s summit. But Canada is determined to block the move, Reuters reports, citing anonymous sources familiar with negotiations on the issue.
Nobody is going to invest in an economy when there is no rule of law, and any certainty that assets will not be in some way squandered, taken away through bribery, or indeed outright stolen, global finance expert Patrick Young told RT.
The US Federal Reserve said it could end the controversial five-year-old ‘quantitative easing’ program that has pumped about $4 trillion into the US economy as early as October, if there are no signs the economy is still in trouble.
The US mixes trade with politics using the dollar as a weapon in sanctions against Iran and Russia, trying to restrict these nations’ access to the US dollar, which creates mass imbalances, Chairman of the Bruges Group think tank, Robert Oulds, told RT.