Obama threatens Russia with new sanctions over Ukraine

US President Barack Obama (AFP Photo / Saul Loeb)

US President Barack Obama (AFP Photo / Saul Loeb)

President Barack Obama acknowledged during an impromptu press conference on Thursday afternoon that the United States is considering new sanctions to impose against Russia over the escalating crisis in Ukraine.

From the White House, Pres. Obama told reporters that he’s certain Russia is playing a direct role in the ongoing fighting in eastern Ukraine between anti-Kiev separatists and the country’s military, and that the US is weighing further sanctions to intensify the restrictions previously waged against Moscow.

“As a result of the action Russia has already taken and the major sanctions we’ve imposed,” Obama said, “Russia is already more isolated than any time since the end of the cold war.”

“The separatists are backed, trained, armed, financed by Russia. Throughout this process we’ve seen deep Russian involvement in everything that they’ve done,” Obama added.

That behavior, he added, “will only bring more cost and consequences to Russia.” After speaking with allies, Obama continued, he expects a new wave of sanctions to come soon. The president is expected to meet with NATO partners next week, and said the US “will continue to stand firm with our allies and partners” to protect Ukraine from further encroachment.

In our …read more

Wall Street Admits That A Cyberattack Could Crash Our Banking System At Any Time

Cyberattack - Public Domain

Wall Street banks are getting hit by cyber attacks every single minute of every single day.  It is a massive onslaught that is not highly publicized because the bankers do not want to alarm the public.  But as you will see below, one big Wall Street bank is spending 250 million dollars a year just by themselves to combat this growing problem.  The truth is that our financial system is not nearly as stable as most Americans think that it is.  We have become more dependent on technology than ever before, and that comes with a potentially huge downside.  An electromagnetic pulse weapon or an incredibly massive cyberattack could conceivably take down part or all of our banking system at any time.

This week, the mainstream news is reporting on an attack on our major banks that was so massive that the FBI and the Secret Service have decided to get involved.  The following is how Forbes described what is going on…

The FBI and the Secret Service are investigating a huge wave of cyber attacks on Wall Street banks, reportedly including JP Morgan Chase, that took place in recent weeks.

The attacks may have involved the theft of multiple gigabytes of sensitive …read more