Two events just happened that no one is talking about. The first one is Putin openly asked the CIS nations to abandon the dollar. In a time of already economic uncertainty this is worrisome. China's economy is barely afloat with massive stimulus injections from its own government. Seeing several oil producing nations move away from the dollar could be catastrophic.
The second is a Chinese naval task force was spotted off the coast of Alaska during President Obama's visit. It was made up of 3 warships, a replenishment vessel, and an amphibious vessel. This is the first time that China has strayed that far from home. You can bet this is a message.
But this quote is what really worries me:
"It's difficult to tell exactly, but it indicates some interest in the Arctic region," one Pentagon official said. "It's different."
Both Russia and now China are interested in staking a claim in the Arctic right in our back yard.
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