by William Skink
There was an explosion caught on camera in Yemen earlier this year that sparked speculation about whether or not the explosion was the result of a tactical nuke.
There is similar speculation about the explosion in Tianjin. When I mentioned this to one of my co-workers, he asked a pretty simple question I didn’t have a response to: why?
Maybe a not-so-subtle message to China to stop liquidating its holdings of UST’s?
As we outlined in July, from the first of the year through June, China looked to have sold somewhere around $107 billion worth of US paper. While that might have seemed like a breakneck pace back then, it was nothing compared to what would transpire in the last two weeks of August. Following the devaluation of the yuan, the PBoC found itself in the awkward position of having to intervene openly in the FX market, despite the fact that the new currency regime was supposed to represent a shift towards a more market-determined exchange rate. That intervention has come at a steep cost – around $106 billion according to Soc Gen. In other words, stabilizing the yuan in the wake of the devaluation has resulted in the sale of more than $100 billion in USTs from China’s FX reserves.
The only thing more disturbing about the thought of tactical nukes being used is that they could be deployed without corporate media reporting it. Instead the idea that tactical nukes have already been used will be left for the conspiracy theorists to discredit by merely discussing the possibility.
But why build them if not to use them? By the way, bravo military industrial complex, it was very clever to modernize our nuclear arsenal under a Democrat president who still obscenely has that Nobel Peace prize.
War is a racket, and too lucrative to ever end.