"We regard the so-called 'freedom of navigation' operations as the violent means by which the US promotes its unilateral claims,” Hua Chunying, Chinese Foreign Ministry spokeswoman, said as cited by CCTV.

According to Beijing, the actions of the American military reveal “the hegemonic logic of the US towards international maritime order. We hope the US can respect the sovereignty and security of other countries and contribute more to safeguard international maritime order and regional peace and stability," Hua Chunying said.

The US Defense Department carried out multiple ‘freedom of navigation’ operations against 13 countries between October 1, 2014 and September 30, 2015, according to an annual report released by the Pentagon on Monday. Besides China, American targets included India, Indonesia, Iran, Libya, Malaysia, the Maldives, Oman, the Philippines and Vietnam.

The Chinese yuan and Russia ruble are not true reserve currencies. The only feasible benchmarks for a new system are the IMF’s world money, called special drawing rights, and gold.

Critics claim there is not enough gold to support the financial system. That’s nonsense. There is always enough gold, it’s just a matter of price. Based on the M1 money supplies of China, the eurozone, and the US, and with 40 percent gold backing, the implied non-deflationary price of gold is $10,000 per ounce.

At that price, a stable gold-backed monetary system could be sustained. When it comes to monetary elites, watch what they do, not what they say. While elites disparage gold at every opportunity, they are buying it, hoarding it, and preparing for the day when one’s gold determines one’s seat at the table of systemic reform. It’s past time to claim your seat with an asset allocation to physical gold.

Unfortunately for all of us, Wilson makes a convincing argument that those self-correcting mechanisms are broken. For starters, there's a "replication crisis" in science. This is particularly true in the field of experimental psychology, where far too many prestigious psychology studies simply can't be reliably replicated. But it's not just psychology. In 2011, the pharmaceutical company Bayer looked at 67 blockbuster drug discovery research findings published in prestigious journals, and found that three-fourths of them weren't right.

Another study of cancer research found that only 11 percent of preclinical cancer research could be reproduced. Even in physics, supposedly the hardest and most reliable of all sciences, Wilson points out that "two of the most vaunted physics results of the past few years — the announced discovery of both cosmic inflation and gravitational waves at the BICEP2 experiment in Antarctica, and the supposed discovery of superluminal neutrinos at the Swiss-Italian border — have now been retracted, with far less fanfare than when they were first published."

What explains this? In some cases, human error. Then there is outright fraud. In a 2011 survey of 2,000 research psychologists, over half admitted to selectively reporting those experiments that gave the result they were after. Then there's everything in between human error and outright fraud: rounding out numbers the way that looks better, checking a result less thoroughly when it comes out the way you like, and so forth.

The disclosure came as law enforcement authorities in Bangladesh and elsewhere investigated the February cyber theft of $81 million from the Bangladesh central bank account at the New York Federal Reserve Bank. SWIFT has acknowledged that the scheme involved altering SWIFT software on Bangladesh Bank's computers to hide evidence of fraudulent transfers.

Monday's statement from SWIFT marked the first acknowledgement that the Bangladesh Bank attack was not an isolated incident but one of several recent criminal schemes that aimed to take advantage of the global messaging platform used by some 11,000 financial institutions.

But Chris Grayling, the leader of the Commons, pointed to a document signed last September in Rome by the speakers of the national parliaments in Germany, France, Italy and Luxembourg. It says that 'concrete proposals' to deepen EU integration towards a 'federal union of states' will be drawn up at a meeting in Luxembourg next month.

The joint declaration states: 'We are convinced that new impetus must be given to European integration. We believe that more, not less, Europe is needed to respond to the challenges we face.' Ominously, it says that deeper integration 'should not be limited to the field of economic and fiscal matters, or to the internal market and to agricultural policy'.

It added: 'It should include all matters pertaining to the European ideal social and cultural affairs as well as foreign, security and defence policy.' The paper goes on: 'The current moment offers an opportunity to move forward with European political integration, which could lead to a federal union of States.'

More than 5,000 activists descended on the Capitol from across the country, including hundreds who had marched there from Philadelphia, the birthplace of American democracy. It was a campaign that recalled the non-violent civil rights protests of the 1960s. Media Gives Event… 29 Seconds

On April 12, largely unnoticed by the corporate media, they began a weeklong series of rallies protesting money in politics and calling for a restoration of the sanctity of the election process. In a show of civil disobedience designed to raise awareness of the devastating influence of money in politics, more than 1,400 people got themselves arrested outside the Capitol.

Notwithstanding the timeliness of the event — and its direct relevance to the presidential race — coverage has been miniscule. An analysis by the advocacy group Media Matters has found that the major news networks between April 11 and April 18 devoted to the protests a grand total of … 29 seconds, and only on PBS.

But perhaps even more ominous is the internal societal meltdown that we see happening all around us. According to Real Clear Politics, recent surveys show that 67 percent of Americans believe that the country is on the wrong track, and only 26 percent of Americans believe that it is headed in the right direction. So even though we are tremendously divided as to what the solutions are, the vast majority of us can see that something is deeply, deeply wrong with America.

But does that mean that we are on the verge of collapsing as a nation? Just like during the days of the Roman Empire, most Americans cannot even conceive of a time when America will be no more. And yet we can all see that the foundations are being constantly chipped away at.

Will we be able to survive once our foundations are totally gone?

Just as the migration crisis eases, Berlin and Paris brace themselves for another blow - the possibility of the UK leaving the EU. The Ukraine crisis is almost forgotten, but those Dutch who could be bothered to vote have rejected an ever-growing union. So it is hardly the best time for an old horror to remerge - Euro Crisis 2. But that is what is on the cards. Mutterings from Portugal, news from Spain, Italian woes and Greeks refusing to bear gifts to Berlin all point towards a difficult summer.

Like the final shot of a horror movie, a creepy hand thrust up from the ground, there is new evidence the monster never died. Of course, we all knew the euro crisis was never solved, merely shelved. But German-driven austerity is becoming more irksome to governments elected to oppose it, and the European Central Bank (ECB) is taking notice, to the dismay of politicians in Europe's biggest economy.

Nearly everyone agreed the euro was unsustainable without big changes. That is where the unity ended. Everyone had different solutions, none of them, to my mind, very politically palatable. If the euro crisis returns, it will be because policy makers can't or won't face the conundrum at the heart of the single currency - the shackling together of very different economies with very different needs. It is a north-south divide which boils down to Germany against the Latin countries. Even as it imposes more pain on its people, through tax rises, the Syriza government is unwilling to knuckle under and give in to demands for yet more cuts to service its debt.

The troika - the International Monetary Fund (IMF), the European Commission and the ECB - can't agree on what they should do anyway. The IMF prescribes more debt relief, but doesn't want to finance it. If it were to walk away, Greece would be back in the critical ward. This was always going to be an epic tussle. The Greek government is, of course, in a tricky position, elected first to oppose austerity, then, a few months later, to implement it.

But a devastating Wikileak has poured fuel on the fire. It appears to show the IMF pondering a plot to crash the Greek economy. It all makes for an interesting meeting of eurozone finance ministers. A new crisis could be just a couple of missteps away. The left are drawing broad lessons from the leak. Paul Mason, unleashed from the constraints of broadcasting neutrality and its linguistic restraints, has suggested this proves the global elite don't care about real people.

With the mood as it is, few are proposing a new EU treaty to further fiscal and monetary integration. The logic is impeccable, but it is a solution that is in stark contrast to an apparent public desire for less, not more Europe. Policy makers see it as an inevitable step - they just can't say when it would be practical.

Brexit cheerleader Johnson spoke out as infighting broke out among senior figures in the 'Leave' campaign after Obama's devastating intervention. Some privately admitted they fear they are heading for defeat in the referendum on June 23. Prominent pro-'Leave' Tory MP Peter Bone said: 'Our message is being drowned out by the Government.' And one 'Leave' official said: 'We had no idea Boris was going to attack Obama so provocatively. It was a misjudgment. He must stop going off-piste.'

Obama's intervention is seen as a potential game-changer in the referendum campaign, with some 'Remain' supporters predicting a decisive 60-40 victory. Respected poll expert Professor John Curtice said yesterday that the 'Remain' camp made 'significant progress' last week but the race was 'far from over'.

Johnson had riled Obama almost before he arrived in the UK, saying the 'part-Kenyan' President had removed a Churchill bust from the Oval Office because of his 'ancestral dislike of the British Empire'.

Obama responded by demolishing Johnson's claim that Britain could quickly cut its own trade deals with the US.

Mr Johnson told The Mail on Sunday last night: 'Barack Obama is entitled to his view… but it is ridiculous to warn that the UK will be at the back of the queue for a free trade deal.' And he pointed out the only reason the UK hadn't already got a trade deal with America, was because we were in the EU, which hampered negotiations. And in a direct challenge to Obama he said: 'It is very weird that the US should be telling the UK to do something they would not dream of doing themselves.'

In a strongly worded rant, permabear Albert Edwards pinned the blame on central bankers for low interest rates and “virtual” quantitative easing (QE) programmes. Central banks across the world are currently dishing out near and even sub-zero rates and QE programmes in a battle to stimulate inflation and growth.

However Mr Edwards argued as well as failing to help normal people, monetary policy is making the rich richer and stirring anger and resentment among normal people. He argued a weak economy forced people to turn to populist parties across Europe, echoing comments by German finance minister Wolfgang Schauble, who last week claimed the ECB’s policies were encouraging the rise of extremist political parties in Germany.

Mr Edwards said: "The people are angry and they are lashing out" adding that voters are "rejecting the establishment political parties and candidates at almost every electoral turn and seeking out more extreme alternatives at both ends of the political spectrum. Central bankers are surely taking us down the road to perdition."