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Russia Warns Of ‘Dirty Bomb’ False Flag Plot In Flurry Of Rare Calls To Western Leaders
Russia Warns Of ‘Dirty Bomb’ False Flag Plot In Flurry Of Rare Calls To Western Leaders
Update(1645ET): A major new and sensational charge of a Ukrainian false flag plot in the making issued by Russia’s defense chief has set off a string of tit-for-tat accusations and statements Sunday.
Russian Defense Minister Sergei Shoigu claimed in rare phone calls that included his counterparts from the United States, Britain, France, and Turkey that Ukrainian forces are preparing a “provocation” with a radioactive device. A Kremlin statement cited that he conveyed a warning over “possible Ukrainian provocations involving a ‘dirty bomb'”.
Shoigu’s office said in follow-up that he conveyed the warning to all the above-named countries’ defense chiefs. As for his conversation with Secretary of Defense Lloyd Austin, it was the second phone call in merely three days. The Pentagon in the hours after said Austin told Shoigu he “rejected any pretext for Russian escalation” – which strongly suggests the US perceives that Moscow is about to heighten attacks on Ukrainian cities further:
Russian authorities repeatedly have made allegations that Ukraine could detonate a dirty bomb in a false flag attack and blame it on Moscow. Ukrainian authorities, in turn, have accused the Kremlin of hatching such a plan.
The Kremlin is further charging that this low-intensity nuclear provocation is being prepared with the help of Great Britain; however, the Western allies have said no evidence whatsoever was presented in the phone calls alongside the accusations.
The UK defense ministry said in its statement following Shoigu’s phone call with Secretary Ben Wallace that the Russian side “alleged that Ukraine was planning actions facilitated by Western countries, including the UK, to escalate the conflict in Ukraine.”
“The Defense Secretary refuted these claims and cautioned that such allegations should not be used as a pretext for greater escalation,” the ministry said.
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China Warns Officials: Allow Social Unrest, Lose Your Job
China Warns Officials: Allow Social Unrest, Lose Your Job
To be sure, there are always going to be financial and geopolitical landmines and every once in awhile we – and by “we” we’re referring to the market, or the country, or humanity, or whatever collective you want to choose – are going to step on one on the way to ushering in a black swan event.
But when we look out across markets and across the political landscape it’s difficult to escape the feeling that there are more black swans waiting in the wings – so to speak – than usual. There’s the threat of a dirty bomb being detonated in a crowded Western European urban center for instance. Or the chance that Turkey ends up “accidentally” killing a Russian or Iranian soldier while shelling the Azaz corridor. And how about the possibility that China tries to save its economy by chancing a 30% devaluation of the yuan and inadvertently plunges the world into a crisis far worse than 2008?
The interesting thing to note about the third crisis event listed above is that an economic implosion in China may spawn a black swan far larger than that which would emanate from a crisis in the country’s banking sector and/or a deeper devaluation of the RMB.
As we’ve discussed on multiple occasions of late, China desperately needs to purge its economy of excess capacity. The industrial sector is weighed down by too much debt and too little demand, but an acute overcapacity problem prevents the market from getting anywhere close to clearing. Either Beijing moves quickly to ameliorate this, or else a wave of defaults will ripple through the industrial complex on the way to crippling the country’s banking sector, where NPLs are probably at least five times greater than the official numbers suggest.
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