Mar 12 09:19

Desperate ‘Dumb Money’ From China Arrives In The US

Money creation in China has gone bonkers. Authorities have opened the valves, and new credit is surging through money pipelines, including state-owned banks and the “shadow banking” system, and so loans in just the first two months this year soared by $1 trillion. Where did this money go?

Mar 11 09:07

China Is Now In Control Of Global Silver Prices

China has been an unofficial price-setter for most metals over the past decade. And this week, the country became an official participant in setting prices for one of the world’s most important precious metals markets.

That’s the London Bullion Market silver price. Where one of China’s largest banks just became a member of an elite group of players that controls fluctuations in this key metal.

Mar 11 08:30

After Sending a Carrier Strike Group to Confront China, US Sends 3 Nuclear Bombers to the Pacific

By Matt Agorist

Last week, the U.S. Navy announced they dispatched a small armada to the South China Sea. Consisting of the John C. Stennis aircraft carrier, two cruisers, two destroyers, and the 7th Fleet flagship, the US is making their mission clear — we are not scared of kicking off World War III.

Now, only a week later, they are flexing even more military might, announcing they have deployed three B-2 Spirit nuclear stealth bombers to support the U.S. Pacific Command. U.S. forces in the Pacific have been saber rattling with China for months...

Mar 10 17:25

Culture Wars: $100M Chinese “Cultural Theme Park” To Be Built In South Carolina

In a press conference held Friday by Myrtle Beach Mayor John Rhodes, the city announced that it has an $80- $100 million commitment from a Chinese Cultural Theme Park, similar to Epcot, to begin building in the fall.

Mar 10 08:43

Chinese Govt Venture Investing

Mar 10 08:35

US Naval Strike Group Defies China's Territorial Claims in Western Pacific

The US naval strike group John C. Stennis completed routine operations in the South China Sea, challenging territorial claims by China in what the United States and other nations consider international waters, the US Navy said in a press release on Monday.

Mar 10 07:37

Report: China to block North Korea ships from returning home

China could soon be blocking the return of North Korean ships in Chinese ports from returning to their country of origin.

Webmaster's Commentary: 

If the US thought North Korea was their back door to war with China, Beijing just slammed it shut.

Mar 10 01:48

China Concerned Over US Plans to Deploy Long-Range Bombers to Australia

China expressed concern on Wednesday about reported US plans to deploy long-range heavy bombers to Australia, the foreign ministry said. A report by the ABC broadcaster on Tuesday cited General Lori Robinson from the US Pacific Air Forces as saying talks were underway with Australia to regularly rotate B-1 heavy bombers in the country. Gen. Robinson added that the US Air Force would continue to fly over disputed areas in the South China Sea. "We are concerned about these reports," Chinese Foreign Ministry spokesman Hong Lei told journalists at a press briefing. Hong Lei warned the United States and Australia that their military cooperation should be aimed at protecting peace and stability in the region, rather than hurting the interests of a third party.

Mar 09 16:28

US Playing With Fire By Challenging China In Her Own Backyard: Analyst

The United States is playing with fire — to the detriment of the entire world’s people — by challenging China in her own backyard, says Professor Dennis Etler, an American political analyst who has a decades-long interest in international affairs.

Mar 09 12:59

Rising Tensions: US Deploys Three B-2 Strategic Bombers to Asia Pacific

The United States has deployed three B-2 Spirit strategic bombers to the Asia Pacific on Tuesday, US Strategic Command (STRATCOM) announced in a Wednesday press release.

Mar 09 07:17

GlaxoSmithKline fined nearly half a billion dollars for criminal bribery of doctors and hospitals in China

China has just dished out the biggest fine in the history of their country, and it's being slapped down on one of the biggest pharmaceutical companies in the world.

GlaxoSmithKline, the British pharmaceutical giant that medical authorities trust in around the world, is now being exposed for what it really is: an institution rooted in coercion and bribery that competes for control over healthcare systems around the world.

According to Chinese news agency Xinhua, GlaxoSmithKline is guilty of bribing doctors and hospitals in order to have their products promoted. The verdict, established in a court in Changsha, slaps the UK pharmaceutical firm with a $490 million fine, the largest in China's history. This puts an end to an investigation that began in July of 2013. Chinese officials estimate that GSK made $150 million in illegal profits.

Mar 08 14:17


On Tuesday, Chinese Foreign Minister Wang Yi says that China is planning to construct global “support facilities” in more countries, after starting to construct a logistics center in the African country of Djibouti. He made the announcement during a news conference on the sidelines of an annual parliament meeting. “We are willing to, in accordance with objective needs, respond to the wishes of host nations and in regions where China’s interests are concentrated, try out the construction of some infrastructure facilities and support abilities,” Wang Yi said. The Chinese Defense Ministry said in last month that Beijing had started construction on the base in Djibouti, which is the southern entrance of the Red Sea on the route to the Suez Canal, also hosts American and French bases.

Mar 07 12:27

Beijing targets US pacific commander as carrier sails South China Sea

The commander of the US Pacific Command (Pacom) came under political fire from China last week following recent comments critical of Beijing’s military encroachment in the South China Sea.

The communist party-affiliated Global Times, in a front page report, accused Pacom’s Adm. Harry Harris of “China bashing” and “making waves in the South China Sea” for comments accusing China of regional hegemony made during recent speeches and congressional testimony.

The publication, often used as an official outlet for hardline anti-US propaganda, then issued a veiled threat that harsh comments from the admiral were creating stepped up competition between the United States and China and could lead to conflict.

“If two nuclear powerhouses engage in a competition to test each other’s willpower, the whole world will face the repercussions,” Global Times stated March 4.

Webmaster's Commentary: 

I would strongly suggest to Admiral Harris that verbally, or navigationally, "playing chicken" with the Chinese navy could have some severe geopolitical consequences.

But I do not think for one second, that he would not have said what he said, had he not received the complete blessing of the Obama Administration to do so.

Just because a war against China would be the most ham-fistedly, pig-headedly stupid thing the US government could do right now is, unfortunately, no guarantee that it won't do this.

Mar 07 10:10


The killing appeared to be targeted: A Mexican rights activist at the house was only slightly wounded in the attack, but Caceres’s body had four bullet wounds. Police said they had detained a suspect, but did not identify the person.

Mar 06 09:34

China’s Deserts Expanding

Mar 05 07:17

China: Lower

Mar 05 05:50

China's economic boom Miracle or myth

Mar 04 13:37


According to some media reports, the United States Navy has dispatched a small strike carrier fleet to the disputed waters of the South China Sea. The Navy Times said citing US military officials that the carrier John C. Stennis, two destroyers, two cruisers and the 7th Fleet flagship have sailed into the disputed waters in recent days. The US Navy is sending warships when tension rises in the area following American Navy’s so-called freedom of navigation operations in an area contested by regional countries...
U.S. CARRIER STRIKE GROUPS LOCATIONS MAP – MAR. 4, 2016: This is the newst update of the ‘U.S. Carrier Strike Groups Locations Map’ exclusive series showing the approximate locations of U.S. Carrier Strike Groups on a weekly basis.

Mar 04 11:27

Navy aircraft carrier group moves into contested South China Sea

The U.S. Navy has dispatched an aircraft carrier and several ships accompanying it into the South China Sea in the last few days, a deployment of thousands of U.S. sailors to a region a top U.S. admiral said last week is increasingly militarized by China.

The USS John C. Stennis, the carrier, arrived in the South China Sea on Tuesday, Navy officials said. It is accompanied by the cruiser USS Mobile Bay and the destroyers USS Stockdale and USS Chung-Hoon, said Navy Cmdr. Clay Doss, a spokesman for U.S. Pacific Fleet. The ships arrived in the Western Pacific on Feb. 4 on a deployment from the West Coast of the United States.

Doss said the carrier is carrying out a routine patrol of the South China Sea, where China has in recent weeks moved Chinese fighter jets, military radar and surface-to-air missiles. The Navy will continue to appear in the South China Sea regularly, Doss said. Pacific Fleet ships spending a combined 700 days there last year.

Webmaster's Commentary: 

This move is certain to exacerbate tensions with China; is the US government and military attempting to provoke Beijing into a military response, to kick off World War III?!?

I would certainly hope not.

I understand peace through strength; I get it.

I have friends in the military; so when they are deployed, I want some kind of assurance from my government that there was no other way of dealing with a crisis situation. Unfortunately, these days, I rarely get that sense whatsoever.

As a Christian pacifist activist, who never advocates violence, either at the personal level, or the state level, I wish that US foreign policy disputes could be handled with moral, good-faith, hard-won negotiations, rather than the with bombs and guns, which appears to be the only modality the US government is using as the method of settling geopolitical disputes these days.

This does not bode well for the future of our country, or for the future of the world.

Mar 04 09:36

China blockades fishing lanes — It’s on!

PhilStar Global reports, the Chinese have taken over another traditional Filipino fishing ground near Palawan where they have stationed up to five ships to keep local fishermen at bay, sources said.

Mar 04 07:57

China’s war with the United States has already begun

In the author’s opinion, since China has an Eastern-styled approach to warfare, most Westerners don’t recognize that the two powerful nations are already engaged in mortal, if not subtle, combat.

Mar 04 07:47

Will World War III begin in the Levant if the U.S. faces off against Russia, Iran and China?

Does the United States risk facing off against a tri-partite alliance between Russia, Iran and China?

Mar 03 08:45

This entire system is rigged against your prosperity

People migrated to Hong Kong based on the premise that, just like in America, they could work hard and make a life for themselves.

Within 20 years the population had increased over ten-fold. And it kept growing.

Hong Kong became a boomtown, earning a reputation as a swashbuckling paradise for risk-takers.

This freewheeling, Wild East attitude paid off.

Today Hong Kong is one of the wealthiest places in the world, with a GDP per capita and standard of living that outpaces most of the West.

It’s modern and advanced; the city skyline is beautiful– there are 50% more skyscrapers here than in New York City.

Taxes in Hong Kong are still among the lowest in the world.

Yet the government is awash with cash and regularly sends surpluses back to its citizens.

Mar 02 11:34

Tenth Zika virus case confirmed in China

The tenth Zika virus cases has been confirmed in China’s southern Guangdong province, China Central Television (CCTV) reported on Wednesday. A 40-year-old resident of the province was infected with the virus. Previously his two children were confirmed to have been infected with Zika. The man has been hospitalized, and his condition remains stable.

Mar 02 09:36

Pentagon chief warns Beijing of ‘specific consequences’ over South China Sea militarization

US Defense Secretary Ash Carter has warned China against militarizing the disputed island chain in the South China Sea and threatened “specific consequences” should Beijing not wind down its activities in the region.
Following China’s deployment of surface-to-air missile systems on Woody Island last month, in addition to military aircraft, Carter stated that “China must not pursue militarization in the South China Sea” during a speech at the Commonwealth Club in San Francisco.

Woody Island is the biggest island in the Paracel chain in the South China Sea. China laid claim to the island in the 1950s, but the rights to the area, which is at the heart of economically important shipping routes in the South China Sea, are being contested by Taiwan, Philippines, Brunei, Malaysia and Vietnam.

“Specific actions will have specific consequences,” Carter stressed. “These activities have the potential to increase the risk of miscalculation or conflict among claimant states.”

Webmaster's Commentary: 

Sec Def Carter, a word please: think very carefully about how you want to approach China's military build-up in and around these islands.

Is it really worth World War III?!? Or are you playing "picador" against Beijing, in order to provoke a response you can use to "justify" military action against China?!?

I understand that the Moody's latest downgrade of China's economy was a form of asymmetric attack against the country, which may - or may not- have been founded on fact. But a shooting war, sir?!? REALLY?!?

Sec Def Carter, the timing is so wrong for such a war right now; the US military doesn't have the weaponry, the troop strength, the manufacturing, or the money to insure a positive outcome to a conventional war with China, and that is what makes the military scenario so scarily dangerous here.

The Chinese government has made enormous strides in the development of their weaponry over the last decade, and when Chinese weapons makers deliver their products, and they are field-deployed, they work as advertised, or better.

Unfortunately, because American weapons production involves such an incestuous relationship between the Congressional representatives who hand out the contracts, and the weapons manufactures who get them (and the palms that get greased in the process), when our American military receive these weapons, frequently, they perform badly; are delivered late; and have huge cost over-runs.

Please understand; as a Christian pacifist, who never advocates violence, I abhor war. But if our men and women in uniform are fighting, I want them to have the best, most reliable weapons possible.

So please, sir, think very carefully about the next step here.

Mar 02 07:51

China rebukes Moody’s after it cuts nation’s debt outlook to ‘negative’ over uncertainty on economic reforms and fiscal risks

Credit-rating agency Moody’s downgraded its outlook on Chinese government debt from “stable” to “negative” on Wednesday, which triggered a strong rebuke from state media.

Moody’s cited uncertainty over the authorities’ capacity to implement economic reforms, rising government debt and falling foreign reserves as the reasons behind the downgrade.

However, the state-run news agency Xinhua called the agency’s decision a “misreading”.

In a commentary, it said the move was another “habitual” bearish view from “some Western institutions” on the Chinese economy, which did not evaluate China’s fiscal prudence “in a dynamic and developmental way”.

Wu Qing, a researcher at the research institute of finance at the State Council’s Development Research Centre, said the government debt was invested in the country’s new economic growth drivers, which would generate income.

Webmaster's Commentary: 

It is not the rating itself which concerns me so much, but the timing of the rating, at a moment when the US appears to be heading toward a potential military confrontation with the China over the South China Sea, over which China claims a large stake, including the disputed Spratley Islands, and several other islands, claimed by the Philippines and Vietnam.

Mar 01 19:30

China to sack SIX MILLION state workers from its hugely inefficient state sector

China aims to lay off 5 to 6 million state workers over the next two to three years as part of efforts to curb industrial overcapacity and pollution.

The move is being seen as Beijing's boldest retrenchment programme in almost two decades.

China's leadership, obsessed with maintaining stability and making sure redundancies do not lead to unrest, will spend nearly 150 billion yuan ($23 billion) to cover layoffs in just the coal and steel sectors in the next 2-3 years.

Mar 01 13:59

Bye, Bye Daddy? Chinese Scientists Just Created Artificial Sperm

Why China, home of the one-child policy, even cares enough to bother to make artificial sperm is anyone’s guess, but it’s equally sad that media outlets seem to be heralding the announcement as a marvelous day when men won’t be necessary for the reproductive act to continue the race…

Mar 01 09:28

China just announced one of the largest single layoffs in history. 1.8 Million people will lose their job.

Chinese officials announced plans to lay off roughly 1.8 million workers in the coal and steel industries, as part of president Xi Jinping’s politically difficult effort to restructure the world’s second-largest economy. It’s unclear as to the time frame for the cuts, which were announced by Yin Weimin, China’s minister for human resources and social security.

Feb 29 16:03

China's sky-high savings rate

Feb 29 15:22

Land & Sea: China Bombers Conduct ‘Precision’ Military Drills

A unit from the Chinese Liberation Army Air Force’s bombardment aviation has improved their capability of precision striking after live-fire bombing exercises.

Feb 29 15:16

China has the most Billionaires??

Feb 27 08:28

What is America doing in the South China Sea?

Washington is playing a dangerous game of 'chicken' with the Chinese and Russians, who are attempting to defend themselves from the Washington Consensus, which reduces subject populations to that of serfs.

While the Russians, following the collapse of the Soviet Union, seemed willing to accept a sort of vassal statehood, it is increasingly today clear that such an assignation is intolerable. Thus, Vladimir Putin enjoys immense popularity as he stands up to the pro-Washington forces inside and outside of the US.

Meanwhile, the Chinese remember all too well the sting of British colonialism: opium addiction and the lasting effects of British presumptions of superiority. The Chinese place in the Washington Consensus has been staked out as, in the case of Russia, supplier of inputs to feed the hungry capitalism of the US and the Western European former colonial masters.

Feb 26 09:58

US and the Philippines move rapidly to implement military deal

Following the Philippine Supreme Court decision on January 12 upholding the Enhanced Defense Cooperative Agreement (EDCA) as constitutional, Washington and Manila are moving swiftly to activate the military basing deal.

Both governments have shed any pretence that the agreement merely seeks to enhance the US military’s ability to provide rapid humanitarian assistance and facilitate the modernization of the Philippine military. Instead, EDCA is rapidly being revealed as a key aspect in the comprehensive American military build-up throughout the Indo-Pacific region, as part of the US pivot to Asia aimed at subjugating China to its diktats.

Feb 26 07:47

The ancient ‘Silk Road’ is back in business as new train connects China to Tehran

The first train connecting Iran and China loaded with Chinese goods arrived in Tehran Monday, reviving the ancient Silk Road trade route and highlighting the economic possibilities for Iran since the lifting of international sanctions, AFP reports. The 5,900-mile trip from eastern Zhejiang province took 14 days, or 30 days less than a typical sea voyage between Shanghai and the Iranian port of Bandar Abbas, according to the head of the Iranian railway company, Mohsen Pourseyed Aqayi.

Feb 25 14:30

Presidential Elections 2016: The Revolt of the Masses

Commentators grossly oversimplify when they reduce the revolt to incoherent expressions of ‘anger’.

The presidential elections of 2016 have several unique characteristics that defy common wisdom about political practices in 21st century America.

Clearly the established political machinery – party elites and their corporate backers -have (in part) lost control of the nomination process and confront ‘unwanted’ candidates who are campaigning with programs and pronouncements that polarize the electorate.

But there are other more specific factors, which have energized the electorate and speak to recent US history. These portend and reflect a realignment of US politics.

In this essay, we will outline these changes and their larger consequences for the future of American politics.

We will examine how these factors affect each of the two major parties.

Feb 25 09:38

CRASH2: when everyone feels they have to lie, then you know it’s a war

So many things today come under that infamous Mandy Rice-Davies riposte to the Profumo scandal prosecutor. Earlier today down under, the Australian Energy Minister said he had “every confidence in the Chinese economic future”. Three hours later, the Shanghai Composite closed 6.4% down on the day – a dire outcome even by its own standards.

But 120% of Australia’s profitable trade involves selling unrefined mineral ores to, um, China so he would say that.

After taking a few seconds to gulp, the market explained it away with ‘on anticipation of G20 meeting’ because it would say that.

Feb 25 08:48

The Pentagon Readies Backup Island in Case of Chinese Missile Onslaught

The United States can no longer count on its Pacific air bases to be safe from missile attack during a war with China. On the contrary, a 2015 paper from the influential RAND Corporation noted that in the worst case scenario, “larger and accurate attacks sustained over time against a less hardened posture could be devastating, causing large losses of aircraft and prolonged airfield closures.”

Kadena Air Base in Okinawa, due to its relative proximity, would be hardest hit. To up the stakes, China in September 2015 publicly revealed its DF-26 ballistic missile, which can strike Andersen Air Force Base in Guam — nearly 3,000 miles away — from the Chinese mainland. Andersen and Kadena are among the U.S. military’s largest and most important overseas bases.

Webmaster's Commentary: 

I would be willing to bet that construction on Tinian will begin very quickly, with the escalation of tensions between Korea, the US, and China.

Feb 25 08:22

Missiles in paradise: Kauai island faces controversial Hawaii defense plan

When 2016 began with North Korea declaring it had detonated a hydrogen bomb, its fourth nuclear test, the U.S. military had already tested a land-based Aegis Ashore missile defense system in Hawaii — Lockheed Martin’s version of the short-to-intermediate-range ballistic missile defense (BMD) system used on Aegis Navy destroyers.

Now, as tension mounts after Pyongyang’s satellite launch on Feb. 7, media reports suggest the Pentagon is mulling making the Aegis Ashore test facility operational at the Pacific Missile Range Facility (PMRF) at the Barking Sands naval base on the Hawaiian island of Kauai.

A Navy spokesman said, “There are no plans for an operational site of Aegis Ashore at PMRF. It was constructed as a test and training site only.” But Adm. Harry B. Harris Jr., the commander of U.S. Pacific Command, has publicly stated that he believes the Aegis Ashore test facility should be considered as an operational site.

Webmaster's Commentary: 

Looks as though if the US military has its way on Kauai, all of us in the state will have a ring-side seat to any Chinese or Russian bombardment of our islands!!!!

And, of course, the geopolitical "ownership" of these islands (if the onslaught doesn't destroy too much of the infrastructure) translates as power projection, either East or West, depending on who has staked their claim here, militarily.

What in sam's hill ever happened to the US government's capabilities to enter into honest, good-faith negotiations, as a way to resolve geopolitical disputes?!?

It appears that this process is completely gone from DC's mindset,and the only thing this government is capable of doing is attempting to win its geopolitical battles only by military means.

And this is a problem, because right now, the US military doesn't have the money, the weapons, the troop strength, or the manufacturing to insure a positive outcome against either Russia or China.

And how has our military come to this point? Because the weapons procurement process has become incestuously corrupt, and those politicians who steer various weapons programs to various weapons manufacturers get taken care of handsomely by those same companies.

And how that translates for our military in the field is that when these weapons are finally deployed, many times they do not work as advertised; are chronically late, and horrifically over budget.

Please understand; as a Christian pacifist, I abhor war, and I never advocate violence. However, when it comes to weapons for our men and women in uniform, I want them to have the best, which perform as advertised, and are supplied on time and within budget.

Feb 25 06:46

THAAD deployment in ROK to "directly" impair China's security interests: FM

The deployment of the Terminal High Altitude Area Defense (THAAD), an advanced U.S. missile defense system, in the Republic of Korea (ROK) will "directly" impair China's security interests, a Chinese Foreign Ministry spokesperson said on Wednesday.

"We understand the ROK's legitimate security concerns, but no country should impair others' security interests when pursuing its own," Hua Chunying said at a daily news briefing.

"We believe that the deployment of the THAAD system will directly compromise China's national security interests," said the spokesperson.

The United States and the ROK started talks on THAAD after the Democratic People's Republic of Korea (DPRK) allegedly launched an Earth-observation satellite to test ballistic missile technology earlier this month.

Webmaster's Commentary: 

The one and only move to de-escalate the tensions here here is something which the US government will not entertain at all: a full-scale, all parties negotiation between North and South Korea, the US, and China, to replace the armistice, which is simply a cessation of hostile military activities, with a true peace treaty, which guarantees that North Korea will not continue its weapons research, to the point of it ultimately having a nuclear bomb.

The degree to which logic, and the US government's leadership, do not have a good on-going relationship is absolutely frightening sometimes.

Feb 24 17:36

Beijing now has more billionaires than New York

The Chinese capital added an incredible 32 billionaires to its ranks last year, bringing the city's total to 100, according to Hurun Report's latest global rich list. New York, which has led the ranking for years, has 95 billionaires.

Feb 24 16:17

US Navy plans more freedom of navigation moves in South China Sea: Admiral

The head of the U.S. Navy’s Pacific Command told a congressional committee on Wednesday he will carry out more freedom of navigation operations with more complexity in the South China Sea.

Admiral Harry Harris told a House of Representatives Armed Services Committee hearing the United States must continue to operate in the South China Sea with allies, including Japan and South Korea.

The hearing comes after China deployed surface-to-air missiles on Woody Island in the South China Sea’s Paracel chain and new radars on Cuarteron Reef in the Spratlys.

Webmaster's Commentary: 

"Sooner or later, we'll goad China into shooting at us, and then we will have our war! Yeee-HAAAAAA!!!!{" -- Official White Horse Souse


P.S. This was the approach Roosevelt used on Japan, goading them over an entire year until Japan attacked Pearl Harbor, then telling the American people it was this total surprise!

Feb 24 16:04

S. Korea dismisses China concern over US missile defense system

South Korea Wednesday dismissed China’s warning that the planned deployment of a US missile defense system could damage ties, stressing that it was to counter “growing threats” from North Korea.

“The deployment of the Terminal High Altitude Area Defense system (THAAD) is a measure of self-defense against growing nuclear and missile threats from North Korea,” presidential spokesman Jeong Yeon-Guk said.

Feb 24 12:11

Pentagon Seeks to Deploy Mobile Artillery Near South China Sea

With tensions escalating in the South China Sea, the US Army is discussing the possibility of sending mobile artillery units to the region.

Feb 24 05:45

Russians Ride Fast – Israel Shamir

If the rebels grasp the chance and enter serious negotiations for a coalition government, peace is possible.

The Russians accepted the US proposal to cease fire in Syria (or rather to end hostilities). They had made a similar proposal a few weeks ago, so this is in line with their thinking. Russians have made huge successes in Syria; they achieved an astonishing and unexpected victory with very few losses.

It was a reputational victory it was as well as a military one. Russia entered the Syrian war at a low point internationally.

Feb 24 04:31

US and China agree to ban jet fuel deliveries to Pyongyang — media

The United States and China have preliminarily agreed to include ban on jet fuel deliveries in their new package of sanctions against North Korea, Kyodo news agency reported on Wednesday. New expanded sanctions against Pyongyang are planned to be adopted in UN Security Council in response to North Korea’s fourth nuclear test and satellite launch. Previous UN Security Council resolutions banned Pyongyang from conducting such tests and carrying out such launches. It was reported that at recent talks US insisted on full ban of oil deliveries to North Korea. The fuel is primarily supplied to Pyongyang by China. However, Beijing did not support this measure saying it threatens North Korea’s civilian population.

Feb 23 16:35

In "Dramatic Escalation," China Sends Fighter Jets To Disputed Islands

On Tuesday, multiple media outlets jumped at the opportunity to report that China has built radar facilities at Cuarteron Reef, Beijing’s southern-most South Pacific sandcastle. But that, as it turns out, isn't the big news. Just moments ago, GOP mouthpiece Fox News said China has now deployed fighter jets to Woody Island, where imagery from ImageSat International (ISI) showed two batteries of eight surface-to-air missile launchers in place earlier this month.

Feb 23 09:50

Russia China Agreement Death of US Petro Dollar? Michael Rivero - February 22, 2016

Feb 23 05:53

European Stocks Fall as Yen Gains With Gold on China Yuan Fixing

>China cuts yuan fixing by the most in more than a month
>Euro weakens with pounds as Brexit risks weigh on currencies

Investors got a reminder on Tuesday of the potential for China’s currency moves to jar financial markets.

European stocks fell with emerging markets after the People’s Bank of China reduced the yuan’s reference rate by the most in six weeks. BHP Billiton Ltd. led commodity producers lower after making a larger-than-expected cut to its dividend. Industrial metals declined, with zinc slipping back after entering a bull market on Monday. The yen gained and gold climbed on haven demand.

Feb 22 16:30

Goodbye Petrodollar: Russia Accepts Yuan, Is Now China's Biggest Oil Partner

Russia is now the top crude exporter to China, the largest (or second largest, depending on whom you ask) oil demand growth country in the world.

At the start of the decade, Saudi Arabia enjoyed a 20% share of Chinese crude imports, while Russia was lagging far behind with 7%. Now the Saudis find themselves neck and neck with Moscow for the lead in Chinese market share, with both performing in the 13-16% range. But Russia's share continues to rise, as The Kingdom struggles to maintain a foothold.

Why? Analysts attribute Russia's huge market share growth to its willingness to accept yuan, while Saudi Arabia is still clinging to blood-soaked dollars.

Feb 22 12:30

A Panicked China Orders Media To Stick To "Positive Reporting" Or Risk "The Stability Of The Country"

If China's recent record surge in loan creation, and its revision of a key PBOC capital outflow "data" wasn't sufficient proof that the world's second largest economy is on the verge of panic, then the explicit propaganda directive issued to the the local press by China's president Xi Jinping late on Friday should certainly seal it.

As SCMP reports, according to a commentary published by a leading mouthpiece online "having public opinions that are different from the official ones will shake the foundation of the rule of the Communist party and the country."

Xiakedao, a social media account operated by the overseas edition of People’s Daily, said in a commentary on Friday’s high-profile tour by President Xi Jinping to the three largest state media outlets – People’s Daily, Xinhua and Central China Television — "that the party was alarmed by how different public opinion is from official media."

Feb 22 09:27

Benjamin Fulford 2-22-16… “Did a Chinese banker just announce the biggest event in human history”

“…Zhou Xiaochuan, the head of China’s central bank, announced… that China would no longer be pegging its currency to the US dollar. Instead, the Chinese yuan will be linked to a broad basket of currencies… This seemingly arcane shift could trigger a collapse in the US dollar…

Feb 21 13:28

Street trolling: Chinese internet wants Snowden St as US names plaza after dissident Liu Xiaobo

Beijing has labelled “provocative” the US Senate’s approval to rename a plaza in front of the Chinese embassy in Washington after a jailed dissident.