CHINA | WHAT REALLY HAPPENED


CHINA

Jul 05 10:57

Globalists and Neocons Prove Incapable of Understanding Reality

If Trump wants to put America first, he needs to start firing the Neoconservatives and their lackeys from the White House and putting them on trial for making Americans look really bad.

Rather than listening and learning and modifying their actions, the ruling elites stick to “more of the same.” This process clearly emblematized by the endless procession of Bushes and Clintons replacing each other in the positions of power.

Jul 05 10:57

China says wants peace after newspaper warns on South China Sea clash

China's government sought to downplay fears of conflict in the South China Sea after an influential state-run newspaper said on Tuesday that Beijing should prepare for military confrontation in the area.

The joint editorials in the Chinese and English editions of the Global Times were published as tension mounted ahead of a July 12 ruling by an international court hearing competing claims of China and the Philippines in the South China Sea.

The newspaper said the dispute had already been complicated by U.S. intervention and now faced further escalation due to the threat posed by the tribunal to China's sovereignty.

"Washington has deployed two carrier battle groups around the South China Sea, and it wants to send a signal by flexing its muscles: As the biggest powerhouse in the region, it awaits China's obedience," the Global Times said.

Webmaster's Commentary: 

It is is the US government, desperately attempting to goad China into military action, which is the ultimate culprit here.

And the reason?!? To prevent the rise in popularity of the Chinese currency, some of which is now gold-backed, and not convertible into US dollars.

These actions by the US military are counterproductive to a reasonable, lasting peace in the area.

Just because something is the most pig-headedly ham-fistedly stupid thing the US government can do, in a geopolitical confrontation, is absolutely no guarantee that it won't do it.

Jul 04 12:58

Dr Paul Craig Roberts: BREXIT, WHAT NEXT ?

Hopefully, a result of the Brexit will be the breakup of the European Union and NATO

Britain’s exit from the European Union (EU) could probably prevent the United States from launching World War III, says Dr. P C Roberts.

Jul 04 12:44

George Soros Goes to War on China Economy

Jul 04 07:48

China to ‘eavesdrop’ on alien life with giant, multimillion dollar radio telescope

China has completed construction of the world’s largest radio telescope, which required the resettlement of more than 9,000 people. It will be used to hunt for signs of alien life in deep space.

The Single-Aperture Spherical Radio Telescope (FAST), as it is known, is an enormous dish made up of 4,450 reflector panels with a diameter of half a kilometer and an area the size of around 30 football pitches, according to the Xinhua news agency.

It was completed in southwestern China’s Guizhou Province on Sunday, when the last reflector was fitted into a natural bunker, which is situated among the mountains of Pingtang County.

Jul 03 10:12

BREXIT COINCIDES WITH INDIA'S AND PAKISTAN'S ENTRY INTO THE SCO

The fall of the Berlin Wall in 1989 laid down a US unipolar geo-strategy and toxic, financial globalization, that sowed monstrous inequality at the local/regional/global levels. This was harnessed by mass unemployment and suffocating austerity.

Half a century after dangerous period of deregulation under Thatcher and 27 years after the fall of the Berlin Wall, Brexit marks the start of a sorrowful route to de-globalization [1]. This involves geostrategic changes that emphasize the dynamic trend of multi-polarity.

Brexit shifts a geostrategic plate and this will have serious consequences for the new global order, now defined as having three poles, with the US, Russia and China occupying one each.

In the short and medium term, Brexit ranks of equal importance to the fall of the Berlin Wall.

Jul 02 21:52

Trump better choice by far – Alan Sabrosky

An exclusive interview with Dr. Alan Sabrosky

Q. Does a US-inspired NATO-generated Cold War climate already exist?

A. Not yet, but it is heading that way. Watch for it to intensify under Clinton, and to ameliorate under Trump.

Jul 02 09:09

Taiwan accidentally launches missile toward China, kills fishing boat captain

A Taiwan warship mistakenly launched a supersonic "aircraft carrier killer" missile toward China Friday, hitting a fishing boat and killing the boat's captain in an incident China called "a serious matter."

A spokesman for Taiwan's Ministry of National Defense apologized on behalf of the military.

"The Ministry of National Defense sincerely apologizes for the incident that caused the death of the captain (of the boat) and injured other crew members," Maj. Gen. Chen Chung-Chi said in a news conference. The ministry has also asked the Navy to provide assistance and compensation to the family of the victims.

The deceased captain has been identified as Huang Wen-Chung, the defense ministry confirmed, according to Taiwan Focus, the English-language service of state-run Central News Agency.

Chung-Chi said the missile, the "Hsiung Feng III," ripped through the fishing boat but did not explode.

Webmaster's Commentary: 

This is getting serious.

Jul 02 06:37

Trump better choice by far – Alan Sabrosky

Cold War Climate to intensify under Clinton, and to ameliorate under Trump.

Q. As an American, Alan, how can you be enthusiastic about America’s choices of US Presidential candidates in 2016?

Jul 01 09:23

US Ratchets Up Tension South China Sea

By Tony Cartalucci

The United States, as part of its stated agenda of raising tensions in the South China Sea to encourage cooperation across Southeast Asia with the US in encircling and containing Beijing’s regional and global rise, has included several high-profile naval and aviation incidents. However, there is a legal battle lurking just behind these more spectacular headlines, and once again the United Nations is being brought in and undermined in the process...

Jul 01 04:56

Corbyn: Clowns to the left of him, jokers to the right

Clowns to the left of me, Jokers to the right, here I am...

A political beacon is about to be extinguished unless he breaks with the doomed Labour Party and sets up on his own

Well I don’t know why I came here tonight
I got the feeling that something ain’t right,
I’m so scared in case I fall off my chair,
And I’m wondering how I’ll get down the stairs,
Clowns to the left of me,
Jokers to the right, here I am,
Stuck in the middle with you.
Yes I’m stuck in the middle with you,
And I’m wondering what it is I should do,
It’s so hard to keep this smile from my face,
Losing control, yeah, I’m all over the place,
Clowns to the left of me, Jokers to the right…
— Lyrics from ‘Stuck in the Middle with You’

Jul 01 04:51

Victory Is Possible – Israel Shamir

Brexit is a game-changing event. Now Euro-sceptics all over Europe has got fresh wind in their sails.

Few people expected the positive outcome of Brexit referendum. Among other doubters, I expected the UK government will borrow a trick from the Clinton collection, and proclaim the "Bremain" hath it.

The political establishment of both leading parties, the Tories and Labour, wished to remain in the cosy lap of the EC. This was the will of the Bank of England, and of the City of London; of the powerful media lords, of the creative minority of yuppies, of cosmopolitan intellectuals.

Jul 01 04:46

Brexit: Leaveniks have it. What next?

Britain’s exit from EU deals a body blow to the US’ trans-Atlantic leadership.

The unthinkable has happened with the United Kingdom voting to leave the European Union. (BBC)

Arguably, this is potentially the most serious development in world politics since the collapse of the Soviet Union. (Curiously, both catastrophes happened ‘voluntarily’.)
What lies ahead?

Jul 01 04:41

How Western Military Interventions Shaped the Brexit Vote

What you are seeing with the Brexit is the result of the Obama administrations pro-war, new Cold War policy.

With us to discuss the economic and political context of the Brexit is Michael Hudson. He is a research professor of economics at the University of Missouri-Kansas City, and author of Killing the Host: How Financial Parasites and Debt Destroy the Global Economy. Also, he is an economics adviser to several governments.

Jun 29 14:17

Despite Praise For Chinese Efforts, AG Lynch Calls ‘Economic Espionage’ A ‘Tremendous Problem’

The Chinese government is doing its part to stop economic espionage against the US, according to US Assistant Attorney General John Carlin. However, the “tremendous problem” remains a top priority, Attorney General Loretta Lynch says.

Jun 29 09:00

Taiwan 'to test-fire missiles in US' as China tensions rise

Taiwan plans to test-fire its newest anti-missile system for the first time in the United States next month as relations with rival China deteriorate, a defence source and media reports said Monday.

Relations between China and Taiwan have cooled rapidly under the island's new Beijing-sceptic president Tsai Ing-wen, who took office in May, ending an eight-year rapprochement.

The test of the US-made Patriot Advanced Capability-3 (PAC-3) system will be launched at the White Sands Missile Range, New Mexico, in early July, a defence ministry source told AFP, in a move likely to irk Beijing even though it was arranged before Tsai took the helm.

According to the source, the test will be conducted in the US to avoid China collecting information about it, and due to space restrictions in Taiwan.

The American Institute in Taiwan, the de facto US embassy, would not comment on the test, which was also reported in Taiwan's Liberty Times newspaper.

Webmaster's Commentary: 

Oh, this is REALLY going to reduce tensions with China, right?!?

What the hell are these people, in the US and Taiwanese governments thinking?!?

Wouldn't it be rational to be speaking to China regarding trade and peace through commerce?!?

Oh, forgive me; rational thought- and the US government - have not had an ongoing relationship, it appears, for decades.

And the results of that not having the capacity to think a scenario through to its logical conclusion, collectively, have been horrific, US government-generated wars and occupations, covert and overt, which have left remarkable devastation around the world, but have only left the US government more broke than it was before those wars were started.

Jun 28 15:52

How Russia, China are Creating Unified Eurasian Trade Space

Russia is pushing ahead with its project of a "more extensive Eurasian partnership" involving the Eurasian Economic Union, Moscow's CIS partners as well as China, India, Pakistan and Iran; meanwhile, Beijing and Moscow continue to build a Eurasian economic corridor that will stretch from Shanghai to Berlin.

Jun 27 07:48

Russia’s Pivot to Asia: From Tashkent to Beijing

Amid the ongoing sanctions war with the West, Russia’s President Vladimir Putin raised the stakes of his Asian policy by visiting the Shanghai Cooperation Organization summit in Tashkent, followed up by planned talks with Chinese leader Xi Jinping in Beijing.

Jun 26 09:36

China’s powerful new rocket makes a successful debut launch

New fuels, new rockets, new spaceport—China continues to make strides in space.

Jun 25 09:05

World's Largest Tibetan Buddhist Institute Ordered to be Demolished by Chinese Government

The largest school for Tibetan Buddhist monks and nuns is under threat of complete destruction, as the Chinese government has ordered massive downscaling and demolition of half its residences.

Jun 23 10:41

Washington Warns Beijing Over South China Sea ‘Provocations’

The United States has once more warned China against taking “additional provocative actions” in the disputed waters of the South China Sea.

Colin Willett, deputy assistant secretary of state for East Asia, told Reuters in a Wednesday interview that Washington had “a lot of options” to respond to any move by China in the disputed region.

Jun 23 07:53

View competition objectively: China tells Merkel and EU

In a meeting with German Chancellor Angela Merkel, Chinese President Xi Jinping has urged the EU to “view competition objectively”.

Merkel has already said she favours, in principle, granting China market economy status at the World Trade Organization, and is expected to back Beijing when heads of the European Commission debate the issue in late June or July.

Xi “expressed hope that Germany and the European Union would view competition and cooperation objectively, appropriately address trade disputes with China and honor their obligation stated in Article 15 of the accession protocol signed when China joined the World Trade Organization in 2001, to ensure healthy development of the economic and trade ties between China and the European side” state news agency Xinhua said.

Market-economy status would be a business boost for China. The US has argued against it.

Webmaster's Commentary: 

Meanwhile, China and Germany have inked 96 deals valued at $15 billion during Merkel’s trip, her ninth visit to China.

Jun 23 06:55

China's Reserves & the Flight of Money

Jun 22 19:05

“China Will React If Provoked Again: You Risk The War”

A documentary filmmaker, novelist, essayist, philosopher and intellectual, multi-faceted Vltchek is the cosmopolitan man par excellence, a “true revolutionary” as he likes to call himself. In recent years with his camera and his extraordinary commitment against injustice on this planet he has explored every corner of the Earth and taken over the length and breadth of Western terrorism, one that our media likes to censor and hide from our consciences.

Jun 22 14:32

Scariest Bridge on The Planet

Jun 22 11:32

OBAMA TRIES TO WOO ALLIES IN FINAL PUSH FOR TRADE DEALS ONLY CORPORATIONS LIKE

President Barack Obama’s recent trips to Europe and Asia were more than farewell tours with photo ops. While the media focused on an admittedly cute picture of thepresident shaking hands with Prince George, and dutifully reported his official remarks in Vietnam and Hiroshima, Obama was busy pushing some of the policies he sees as integral to his “legacy.”

These include a military buildup against a newly assertive China and beating the drums for two international trade deals that are increasingly opposed in the United States, Europe and Asia as being too corporate-friendly.

Jun 22 09:54

Iran becomes the seventh full member of the Shanghai Organization

Kremlin advisor Yuri Ushakov said on Thursday that it is expected that the Shanghai Cooperation Organization (SCO), led by Russia and China, to accept Iran as their seventh full member at the summit in Uzbekistan.

Jun 21 13:35

America Threatens China: Two US Aircraft Carriers in War Games in Western Pacific

In a provocative move directed against China, the US Navy dispatched two huge nuclear-powered aircraft carriers—the USS John C. Stennis and the USS Ronald Reagan—to engage in three days of military exercises in the Philippine Sea—adjacent to, but not in, the South China Sea. The vessels and their accompanying strike groups of cruisers and destroyers carry 12,000 sailors and 140 military aircraft.

The war games, which finished yesterday, involved long-range strikes as well as sea surveillance, air defence drills and defensive air combat training. Rear Admiral John Alexander, commander of the USS Reagan carrier strike group, boasted: “No other navy can concentrate this much combat power in one sea … It was truly impressive.” While the navy neither confirms nor denies the presence of nuclear weapons, both aircraft carriers are capable of carrying them.

Webmaster's Commentary: 

The timing of these exercises was absolutely no accident; and I have to ask, who, please, is acting as the aggressor here?!?

And I will tell you: it is not China right now.

Jun 21 10:43

CHINA THREATENS TO LEAVE UN SEA CONVENTION IF COURT INVALIDATES MARITIME CLAIMS

As an arbitration court in The Hague gets ready to make a decision regarding an ongoing territorial dispute between China and the Philippines, China has reportedly told some other Asian countries that it may leave the UN Convention on the Law of the Sea if it disagrees with the ruling.

The Philippines has been the most vocal critic of China's activities in the South China Sea, and filed a case with the Permanent Court of Arbitration in The Hague in 2013 in an attempt to invalidate China's "nine-dash line", China's version of what territory it owns.

Webmaster's Commentary: 

Forgive me, but didn't this actually get sorted at the Cairo Convention, shortly after World War II, to which the US was a signatory?!? As reported at en.people.cn yesterday:

As early as the early 20th century, China has exercised continued sovereignty and maintained complete and uninterrupted control of its sovereign rights over the South China Sea islands, particularly the Nansha Islands. As one of the Allies of World War II, China recovered sovereignty of the South China Sea islands under the Cairo Declaration and the Potsdam Proclamation. A landmark event occurred in December 1947, when the (then) Republic of China’s Ministry of Interior published a map entitled “Location Chart of the South China Sea Islands (‘Nanhai Zhudao Weizhi Tu’)”. The map features a broken U-shaped line comprising eleven segments, starting from the China-Vietnam border at the Beilun River estuary in the west, down south to the Zengmu Shoal, and extending to the maritime zone off the north-eastern coast of Taiwan Island. Indicated within the demarcated region are the names of entire island groups, that is, the Dongsha Islands (also known as Pratas Islands), Xisha Islands (also known as Paracel Islands), Zhongsha Islands and Nansha Islands, and even the names of copious individual features, including islands, reefs, banks and cays. In February 1948, the Ministry of Interior officially published the Location Chart of South China Sea Islands as part of the “Atlas of Administrative Regions of the Republic of China (‘Zhonghua Minguo Xingzheng Quyu Tu’)”. The South China Sea dash-lines have prevailed to this day.

This was part of the terms of surrender for Japan, following World War 2.

But if the ruling of this maritime court goes against China, do expect to see the US government behaving even more aggressively against China, militarily.

Jun 21 10:16

China Threatens To Leave UN Sea Convention If Court Invalidates Maritime Claims

As an arbitration court in The Hague gets ready to make a decision regarding an ongoing territorial dispute between China and the Philippines, China has reportedly told some other Asian countries that it may leave the UN Convention on the Law of the Sea if it disagrees with the ruling.

The Philippines has been the most vocal critic of China's activities in the South China Sea, and filed a case with the Permanent Court of Arbitration in The Hague in 2013 in an attempt to invalidate China's "nine-dash line", China's version of what territory it owns.

Jun 21 10:05

Ancient Book Provides Ironclad Proof of China's Sovereignty over South China Sea

Jun 20 15:00

Chinese supercomputer is the world's fastest — and without using US chips

The Sunway TaihuLight takes the top spot from previous record-holder Tianhe-2 (also located in China), and more than triples the latter's speed. The new number one is capable of performing some 93 quadrillion calculations per second (otherwise known as petaflops) and is roughly five times more powerful than the speediest US system, which is now ranked third worldwide. The TaihuLight is comprised of some 41,000 chips, each with 260 processor cores. This makes for a total of 10.65 million cores, compared to the 560,000 cores in America's top machine. In terms of memory, it's relatively light on its feet, with just 1.3 petabytes used for the entire machine. (By comparison, the much less powerful 10-petaflop K supercomputer uses 1.4 petabytes of RAM.) This means it's unusually energy efficient, drawing just 15.3 megawatts of power — less than the 17.8 megawatts used by the 33-petaflop Tianhe-2.

Jun 20 14:10

China creates flight propaganda machine

The Chinese military has passed into service a new warplane, aimed to conduct “military information support operations and civil affairs broadcasts in F.M. radio, television and military communications bands.” The four-engine Y-8GX7 psychological operations plane (Chinese name: Gaoxin-7) is a copy of the Soviet An-12 plane (the first prototype An-12 flew in December 1957. Its maximum speed is 777 km/h and payload is 20,000 kg. The Y-8GX7’s ability to beam propaganda and disinformation into hostile territory will be very useful in conflict sones where the internet access is limited or a major part of the population prefer other sources of information. This palne is one more step on the long Chinese way to active participation in security and peacekeeping operations overseas.

Jun 20 13:59

Trump as the ‘Relative Peace Candidate’

The danger to the rest of us is not Trump, but Hillary Clinton. She is no maverick. She embodies the resilience and violence of a system whose vaunted ‘exceptionalism’ is totalitarian with an occasional liberal face.”

Hillary Clinton has shown no real remorse over her support for neocon “regime changes,” aggressive wars and belligerence toward Russia, leaving the oft-obnoxious Donald Trump as the relative peace candidate, says John V. Walsh.

Let us hear from these heretics, among them William Greider, Glen Ford, John Pilger, Jean Bricmont, Stephen F. Cohen and William Blum. Their words are not to be construed as “endorsements,” but rather an acknowledgement of Trump’s anti-interventionist views, the impact those views are having and the alternative he poses to Hillary Clinton in the current electoral contest.

Jun 20 09:45

A Force To Be Reckoned With: China And Russia Are Building Some Seriously Advanced Sea-Based Weapons

Along with the mounting tensions between the United States and China in the Pacific, and the former and Russia in the Atlantic comes a steady buildup of submarines in both respective theaters of naval combat. The Russians have been accomplishing a great deal in stealth technology, especially with Kilo-class boats converted into stealth subs. Dubbed “the black holes of the Russian Navy,” these quiet refitted diesel subs with the stealth technology are starting to roll steadily off of the assembly lines.

Jun 19 08:41

U.S. Carriers Sail in Western Pacific, Hoping China Takes Notice

Webmaster's Commentary: 

I am sure China noticed!

Jun 18 10:55

Chinese Investors Flock to St Petersburg Forum Despite Sanctions

Chinese tycoons and business executives attending the St. Petersburg International Economic Forum believe that the Russian market offers a bonanza of lucrative opportunities.

Zhang Yichen, CEO of CITIC Capital Holding Limited, one of the largest Chinese state investment corporations, told Sputnik that while his company has only just begun assessing the Russian market, the prospects so far look quite promising.

"Our company came to the St. Petersburg forum to study the investment climate in Russia and to make new contacts. I believe that the projects offered by Russia look very promising. There are plenty of areas one could invest in: agriculture, technology, research, even real estate," he said.

Webmaster's Commentary: 

Congrats, President Obama and your administration, on having pushed Russia and China even closer together economically through the sanctions against Russia on an accusation you simply made up, and that would be the alleged annexation of Crimea by Russia (which never actually happened, as you know.)

And what is China doing, over the past year, with US treasuries and stocks?!?

Dumping them.

As reported on 15 June 2016 at bloomberg.com:

For the past year, Chinese selling of Treasuries has vexed investors and served as a gauge of the health of the world’s second-largest economy. The People’s Bank of China, owner of the world’s biggest foreign-exchange reserves, burnt through 20 percent of its war chest since 2014, dumping about $250 billion of U.S. government debt and using the funds to support the yuan and stem capital outflows. While China’s sales of Treasuries have slowed, its holdings of U.S. equities are now showing steep declines. The nation’s stash of American stocks sank about $126 billion, or 38 percent, from the end of July through March, to $201 billion, Treasury Department data show. That far outpaces selling by investors globally in that span -- total foreign ownership fell just 9 percent. Meanwhile, China’s U.S. government-bond stockpile was relatively stable, dropping roughly $26 billion, or just 2 percent.

WOW, that's really going to turn the American economy around, Mr. President, isn't it?!?

And by "around", sir, I mean on its head, like an egg, being thrown off a bridge, and hitting the concrete at warp speed.

And of course, your " economic legacy" will not only include this act by China, but also, what you have done to fix the trade balance deficit, right?!? Let's see just how swimmingly that has gone for you and the Administration, as of late.

As reported as of 3 June 2016 in usnews.com:

The U.S. trade deficit, after falling to the lowest point in more than two years, increased in April as a surge in imported goods outpaced a rebound in exports. The Commerce Department said Friday that the deficit increased 5.3 percent in April to $37.4 billion, up from an imbalance of $35.5 billion in March. Exports increased 1.5 percent to $182.8 billion but imports rose faster, increasing 2.1 percent to $220.2 billion. The politically sensitive deficit with China surged 16.3 percent to $24.3 billion, a development certain to heighten trade tensions between the world's two largest economies. So far this year, the deficit is running 4.8 percent below the pace set a year ago with a fall in imports offsetting further weakness in U.S. exports, which have been hurt by a slowdown in global growth. U.S. export sales have also been hurt by a strong dollar which makes American products more expensive on overseas markets. However, the dollar has weakened a bit since peaking earlier this year. If that trend continues, it could help export sales going forward.

You know, sir, I never used to think that one person in the position of President could make such a series of catastrophically bad domestic and international choices as to put the economy into a bitter, lousy tailspin for most working Americans, whose jobs have been offshored/outsourced to the degree that they are now working several part-time jobs, if they can find them, to try to make ends meet; but yes, you could, Mr. President!!

Yes, you could!!

Jun 17 09:48

Pacific Powder Keg: US Deploys More Ships Raising Stakes in South China Sea

The Obama administration continues its drift towards World War III through an openly confrontational policy towards Beijing in the South China Sea, harkening memories of the 'Guns of August.'

Webmaster's Commentary: 

The hawks are going to start WW3 for real before Trump can be sworn in as President.

Jun 17 08:26

China Is Arming Its Fishing Fleet

Jun 17 07:50

Russia wants Hyperloop for super-fast transport in Far East, seeks Chinese funds

The Hyperloop was first proposed in 2013 by US billionaire Elon Musk as an up-to-date open-sourced concept. Based on long-standing, but previously unviable ideas, the system would transport people and goods in capsules through a global network of pneumatic tubes at speeds up to 1280 kilometers per hour (800 mph). In May, Russian Railways said it was considering using a Hyperloop for transporting freight.

Jun 16 11:10

US Claims Warship Followed by Chinese Vessel From South China Sea

Conducting provocative military drills in the Western Pacific, the USS John C. Stennis has claimed it has been shadowed by a Chinese intelligence vessel, allegations denied by Beijing.

Webmaster's Commentary: 

In international waters, China has as much right to be there as the US. And China certainly has justification for keeping an eye on the US, given the US' recent provocations.

Jun 16 09:38

First Treasuries, Now China Is Also Liquidating US Stocks

As it turns out, China wasn't selling only Treasurys. According to a Bloomberg analysis when peeking deeper at the TIC data, while China’s sales of Treasuries have slowed, its holdings of U.S. equities are now showing steep declines as Beijing proceeds to liquidate a substantial portion of its US equities: China's stash of American stocks sank about $126 billion, or 38%, from the end of July through March, to just $201 billion. That far outpaces selling by investors globally in that period.

Jun 15 12:39

U.S. Third Fleet expands East Asia role as tensions rise with China

The U.S. Navy's Third Fleet will send more ships to East Asia to operate outside its normal theater alongside the Japan-based Seventh Fleet, a U.S. official said on Tuesday, a move that comes at a time of heightened tensions with China.

Jun 15 01:23

Chinese Strategic Oil Reserves Almost Full

Jun 14 13:59

China Now Has A Flying Propaganda Machine

The Chinese military has a new warplane with an unusual purpose: to beam propaganda and disinformation into hostile territory.

In that way, the new, four-engine Y-8GX7 psychological operations plane—also known by its Chinese name, Gaoxin-7—is analogous to the U.S. Air Force’s EC-130J, which it says “conducts military information support operations and civil affairs broadcasts in F.M. radio, television and military communications bands.”

Jun 14 03:18

Superdelegate Tyranny?

It would appear Clinton has been coronated and not elected.

Too quick to judgment? The Democratic Party establishment and the media now call Hillary Clinton the presumptive nominee to face off Donald Trump in November. Though this is before the Democrats hold their convention and while Clinton is still short of pledged delegates.

Jun 13 13:51

Billionaire George Soros Preparing For Economic Collapse: “Trading Moves Big and Bearish”

Is there really a great collapse coming, and a more permanent shift to Americans and westerners becoming more like serfs?

Why is George Soros selling stocks, buying gold and making “a series of big, bearish investments”? If things stay relatively stable like they are right now, these moves will likely cost George Soros a tremendous amount of money. But if a major financial crisis is imminent, he stands to make obscene returns. So does George Soros know something that the rest of us do not?

[...] Mr. Soros also argues that there remains a good chance the European Union will collapse under the weight of the migration crisis, continuing challenges in Greece and a potential exit by the United Kingdom from the EU.

Read more at SHTFplan.com

Jun 13 07:03

It’s Official: China Confirms It Has Begun Liquidating T-Bonds

It begins!

Submitted by Tyler Durden:

On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast stack of US paper. Back in July for instance, we noted that China had dumped a record $143 billion in US Treasurys in three months via Belgium, leaving Goldman speechless for once.

We followed all of this up this week by noting that thanks to the new FX regime (which, in theory anyway, should have required less intervention), China has likely sold somewhere on the order of $100 billion in US Treasurys in the past two weeks alone in open FX ops to steady the yuan. Put simply, as part of China’s devaluation and subsequent attempts to contain said devaluation, China has been purging an epic amount of Treasurys.

Jun 12 03:57

Hillary Comes Out as the War Party Candidate

Choosing to speak in San Diego, home base of the U.S. Pacific Fleet, on a platform draped with 19 American flags and preceded by half an hour of military marching music, Hillary Clinton was certain of finding a friendly audience for her celebration of American “strength”, “values” and “exceptionalism”. Cheered on by a military audience, Hillary was already assuming the role to which she most ardently aspires: that of Commander in Chief of the Armed Forces.

As usual, she goes for the military solution, ridiculing the notion of diplomacy.

Jun 11 09:35

The US Is Preparing to Oust Bolivian President Evo Morales to Break the Country's Economic Ties to China

US intelligence agencies have ramped up their operations intended to remove Bolivian President Evo Morales from office. All options are on the table, including assassination. Barack Obama, who sees the weakening of Latin America’s “hostile bloc of populist states” as one of his administration’s foreign-policy victories, intends to buoy this success before stepping down.

Washington also feels under the gun in Bolivia because of China’s successful expansion in the country. Morales is steadily strengthening his financial, economic, trade, and military relationship with Beijing. Chinese businesses in La Paz are thriving – making investments and loans and taking part in projects to secure a key position for Bolivia in the modernization of the continent’s transportation industry.

Webmaster's Commentary: 

China is expanding in Bolivia (and elsewhere) because they have products to sell that people want to buy.

Jun 09 12:34

‘All China’s assets in the US might be annulled‘, warns ex-BoE chief, urging countries to diversify

Washington may be forced to renege on its huge debt to Beijing under catastrophic circumstances, says the former head of the Bank of England Mervyn King. He suggests governments could mitigate risk by diversifying their assets.

Webmaster's Commentary: 

"Those eeeeevil Chinese MADE us do it!" -- Official White Horse Souce

Jun 09 07:17

US-Japan Sign Historic Defense Cooperation Deal to Counter China’s Reach

The deal that Tokyo has long resisted threatens to intensify regional tensions and may come at a big cost to American workers and the US military-industrial complex.

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