TYB.
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Chopper, Traitor, Soldier, Spy
While markets mainly focused on the BoE and the downgrade of US creditworthiness by Fitch, some significant, notable and concerning geopolitical developments also took place.
Firstly, two helicopters from Belarus briefly breached Polish airspace after earlier threats to Poland from both the Kremlin as well as the Wagner group.
Moreover, a recent rocket attack on Ukraine’s grain facilities close to the border of Romania, is another example of how close we might be to a direct conflict between NATO and the Russian Union (being Russia and Belarus).
In the past we have seen similar reckless provocations that could lead to a broader escalation.
Meanwhile Putin also seems to be increasingly struggling with internal dissent, or traitors as they are called in Moscow.
Recently some generals and nationalist military bloggers – of which the most prominent is Igor Girkin who is mainly known for downing flight MH17 – have been arrested. The above are all signs that indicate that Putin’s rule is not fully undisputed. In absence of any administrative checks and balances – a characteristic of autocracies – this could mean that the West might face more provocations in an attempt to regain the image of strong and undisputed leader.
Meanwhile China seems to be busy with its own purge.
While speculation about the abrupt disappearance of China’s former Minister of Foreign Affairs Qin Gang is ongoing, the complete military command of China’s rocket force has been reshuffled because of a new anti-corruption investigation. In a bid to increase overall government control a new counter espionage law is now calling for citizens to basically spy on each other.
https://www.nbcnews.com/news/world/china-replaces-rocket-force-generals-nuclear-xi-rcna97705
But for now it seems that is has been Chinese spies that have been caught in the US.
https://www.zerohedge.com/markets/chopper-traitor-soldier-spy
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