Aug 26 09:53

Mammon Nightmare

For the love of money is the root of all evil and the quest of fitly lucre has spawned a monster so hideous that the history books of human depravity will have to be rewritten. A beast yet in its infancy with the ugliness trumping Medusa forcing the weak of heart too cast away vision for fear of ones very livelihood. The knowledge of this menace has the potential to spawn nightmares so for the weak of heart stop now, but for the bravest of the keyboard warriors I invite you to join me as we descend into Satan's realm.

Aug 22 14:32

China, Baltic Dry And The V-Shaped Recovery

"As the global economy continues to falter and Chinese exports plummet, there is growing concern that the stockpiling may soon come to a halt, leading to further, painful drops in commodity prices."

Aug 18 08:14

Is the Chinese Government Really This Dumb?

China's $200 billion sovereign wealth fund, China Investment Corp, plans to invest soon in U.S. taxpayer subsidised investment funds of toxic mortgage-backed securities, Reuters is reporting.

Under the Public-Private Investment Plan launched earlier this year, the U.S. government plans to seed a number of PPIP funds that would combine taxpayer money with private capital to buy as much as $40 billion in toxic securities from banks.

On the surface this is a great play for CIC, since the U.S, would, for all practical purposes, be financing CIC's leveraging up of its investment.

Webmaster's Commentary: 

Guess who is on the hook to make good on the promised profits.

Aug 18 01:07


To the extent that China's stimulus plan is working better than in the U.S. and the U.K., this seems to be because the government is using the banks for public ends, rather than allowing the banks to use the government for private ends.


"The banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. They frankly own the place."

-- U.S. Senator Dick Durbin, Democratic Party Whip, April 30, 2009

Aug 15 07:41

Chinese Christmas exporters hit by global recession

This incongruous Santafest is our doing. Half of Europe's Christmas products are made in or traded through this eastern Chinese city, say officials; even more of America's. To ensure they are shipped to stores in time, western buyers arrive between June and August.

Aug 14 15:46

Chinese Vice Premier urges health care reform

The 850 billion yuan (124 billion U.S. dollars) plan for 2009 to 2011will provide for universal access to basic health insurance, the introduction of an essential medicine system, improved primary health care facilities, equitable access to basic public health services and pilot reform of state-run hospitals.

Aug 06 07:39

China-U.S. dialogue avoids confrontation

Today, the United States, the largest economy in the world, is the biggest debtor to the world's most authoritarian Communist regime that is also the world's third-largest economy, holding more than $800 billion of U.S. debt and the largest reserves of foreign exchange of more than $2 trillion, much of it in U.S. dollars.

Aug 03 18:47

10,000 Chinese Rioters 'Go Missing' Overnight

Nearly 10,000 Uighurs involved in deadly riots in China went missing in one night, exiled Uighur activist Rebiya Kadeer has said.

Aug 02 10:40

Chinese Town Quarantined as Man Dies From Plague

Aug. 2 (Bloomberg) -- A Chinese town and its surrounding areas were quarantined after a man died of pneumonic plague and 11 others were infected, the local health authority said.

A 32-year-old herdsman died in Ziketan in Qinghai province, the provincial health department said in a statement dated yesterday. The other 11 infected people are mostly relatives of the deceased and are in "stable condition" in a designated hospital, according to the statement.

If diagnosed early, bubonic plague can be treated with antibiotics. Pneumonic plague, on the other hand, is one of the most deadly infectious diseases and patients can die 24 hours after infection, according to the WHO.

Aug 02 10:32

10,000 Chinese Rioters 'Go Missing' Overnight

Nearly 10,000 Uighurs involved in deadly riots in China went missing in one night, exiled Uighur activist Rebiya Kadeer has said.

Jul 28 13:19

The Perfect Shitstorm

The wind from the West sucks like a tornado.. Obama is an usurper the evidence is devastating, Obama is not an American citizen, all laws he has signed are Poop.

The wind from the North blows, and declares a swine flue pandemic.. A disease created in test tubes, but the main reason for the vaccine is to destroy the immune systems of the World’s population.. The WHO likes the idea of reducing the population by plagues created by themselves.. In order the satisfy the Club of Rome.

The wind from the East is howling about war with Iran, and Russia/China. This wind is created by Zionists hiding in “our press”, and “our government”. They pretend to represent us.

Jul 28 12:23

Flashback:R. Emanuel, Now Obama's National Security Risk

by Sherman H. Skolnick
An instrumenal reputed player/facilitator in all this has been Rahm Emanuel and his gang. On a local PBS TV outlet show in Chicago, Rahm bragged how as Clinton White House Senior Advisor he had a desk closest to the Oval Office. The TV cameras were allowed right into the White House to show this. In effect, Rahm is reportedly the Deputy Chief, for North America, of Israel's secret police, The Mossad. Rahm is permitted to have dual citizenship. During the Persian Gulf War, he went to Israel to serve in their armed forces, reportedly in an espionage capacity.

Jul 27 07:29

Workers riot, kill manager

Workers at a Chinese steel factory upset with a possible merger kill their manager. CNN's John Vause reports

Jul 26 09:20

Protesting steelworkers beat manager to death

Tonghua employees attacked Jianlong's general manager, Chen Guojun, during the protest and beat him to death, the centre said.

Workers were angry that Mr Chen was paid about 3 million yuan ($538,500) last year, while some retirees received as little as 200 yuan a month, the centre said.

Webmaster's Commentary: 

While tragic in its outcome, this episode demonstrates very clearly that there is a point in the human psyche which snaps after experiencing continued grueling unfairness and economic hardship.

Politicians around the world, kindly take note.

Jul 22 09:18

China urges responsible U.S. policy, stable dollar

China will again press the United States at high-level talks next week to protect Beijing's extensive U.S. investments by pursuing sound policies and keeping the dollar stable, a senior official said on Wednesday.

China holds an estimated 70 percent of its $2.13 trillion in currency reserves in dollar assets, mainly government bonds, and officials have expressed worries that massive U.S. pump-priming to revive the economy could sow the seeds of inflation.

Webmaster's Commentary: 

This government could, of course, make a decent start against its deficit by stopping the global wars of aggression to which it seems, at this point, to be terminally addicted.

Of course, that would be logical.

And much like its predecessor, logic and this administration do not seem to have much of an ongoing relationship.

Jul 20 10:09

China's Manufacturing Jobs Surged As American Jobs Disappeared

Jul 18 08:42

Russia-China Warn US That Israeli Attack On Iran Means “World War”

A chilling report circulating in the Kremlin today states that President Medvedev and Chinese President Hu have issued an “urgent warning” to the United States that says if the Americans allow an Israeli nuclear attack upon Iran, “World War will be our response”.

Jul 17 17:44

U.S. helped Chinese interrogate Uighurs at Guantanamo

Uighurs: U.S. helped Chinese interrogate us at Guantanamo
By Grace Chung, McClatchy Newspapers – Thu Jul 16, 8:42 pm ET
WASHINGTON — U.S. military personnel at Guantanamo Bay, Cuba , actively helped Chinese interrogators question members of China's Uighur minority, including physically restraining them so they could be photographed against their will, according to testimony presented Thursday to a congressional subcommittee.The testimony is certain to add to the controversy over how the U.S. government has handled the Uighurs, who were turned over to U.S. troops in Afghanistan by bounty hunters who were paid $5,000 per captive.

Jul 17 05:36

FLASHBACK: China Backs Iran Against The Great Satan

Jul 16 21:18

China has kick-started a major plan to internationalise the renminbi

Despite the propaganda that we hear from the MSM, the US Treasury ("strong dollar policy"), the Federal Reserve, and Wall Street pundits, this is another clue that the U.S. dollar is in deep trouble. Nobody is going to blow a horn to warn us that dollar is about to collapse.

Jul 13 10:35

China to Buy $80 Billion Worth of Gold

Congressman Mark Kirk explains in detail China's behind the scenes thinking about the dollar. Hint: They are going to buy two Forth Knox's worth of gold.

Jul 12 13:37

Washinton is Playing a Deeper Game with China

Playing with fire!

Jul 12 09:00

In Wake of Turmoil In China, Minorities Face Painful Options

The bloody riots on Sunday show just how deep the mistrust between Han Chinese and other ethnic groups runs, and how quickly a seemingly minor disagreement can escalate. The violence began with a false Internet rumor about the rape of two Han women by Uighur workers. That led to a fight in a toy factory in the southern Chinese city of Shaoguan that left two Uighurs dead.

Webmaster's Commentary: 

So, who benefits when a fake internet rumor kicks up massive riots?

Jul 09 13:48

Hundreds injured in China Earth quake

Jul 08 18:45

Chinese Exceptionalism

The great part about being a Chinese dictatorship in a world with one rule set is that your paramilitary forces can slaughter 140 156 protestors without even a whimper from the global community. Western political elites just don't care because a) business with China is more important than human rights and b) China reacts like a spoiled child when chastised, which makes it not worth the hassle. Of course, the reaction we see today on Chinese repression may become the same we see when similar things happen in the developed world.

Jul 08 18:35

How to Quash a Protest

Step 1: Cut off cellphone and Internet Access

Step 2: Control the message

Step 3: Crack down forcefully

Step 4: Reward successful repression of dissent

(*An authoritarian regime with the will to crush dissent and the wherewithal to do so can stay in power indefinitely.)

Jul 08 13:22

China to Switch Off Bubble-Blowing Machine?

As noted previously, China experts say that the Chinese government has been blowing a huge bubble (and see this).

But the government is apparently going to switch off the bubble-blowing machine.

Jul 06 06:49


Are the CIA and its friends trying to break up China?

On 6 June 2009, we learn that about 140 people have been killed and more than 800 injured in violence in the city of Urumqi in China's Xinjiang region. (China's Xinjiang hit by violence)

Relations between the Han Chinese community and the minority Muslim Uyghurs are tense.

The Uyghurs, a Muslim minority from the autonomous region Xinjiang (Western China), are seeking the secession of their region "East Turkestan" from the People's Republic of China.

Jul 05 07:44

India Joins Russia, China in Questioning U.S. Dollar Dominance

July 4 (Bloomberg) -- Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars.

“The major part of Indian reserves is in dollars -- that is something that’s a problem for us,” Tendulkar, chairman of the Prime Minister’s Economic Advisory Council, said in an interview yesterday in Aix-en-Provence, France, where he was attending an economic conference.

Singh is preparing to join leaders from the Group of Eight industrialized nations -- the U.S., Japan, Germany, Britain, France, Italy, Canada and Russia -- at a summit in Italy next week which is due to tackle the global economy. China and Brazil will also send representatives to the summit.

Jul 04 05:49

Obama, Medvedev and the Demise of Nuclear Deterrence

It is not entirely clear to us why the international community considers it wholly legitimate for the United States to say, "if North Korea engages in aggression against South Korea or the United States, we will retaliate with nuclear weapons," while it universally condemns North Korea when it says, "if the United States engages in aggression against us, we will retaliate with nuclear weapons." Perhaps, in light of all this radioactive rhetoric, it is worth pausing to consider just what "nuclear deterrence" might mean in today's world ... or whether it means anything at all.

Jun 28 10:42

China’s War on Google

In the wake of an Iranian uprising broadcast to the world through YouTube, Twitter, and Facebook, the acquiescence of American search engines to Chinese censorship laws feels more dangerous than ever.

The latest ruse of protecting children from Internet porn is also a means to shove Google and other foreign firms out of the market, making room for the national Chinese search engine Baidu, where porn sites are up and running, but not links to “Tiananmen,” “Tibet” and “Falon Gong.”

Jun 27 03:18

Wary of dollar, China wants super-sovereign currency

* China's central bank calls for super-sovereign currency

* Dollar's dominance has intensified risk, worsened crisis

* IMF should manage part of its members' FX reserves

China's central bank renewed its call on Friday for the creation of a super-sovereign reserve currency to reduce the dollar's global domination, which it said had worsened the financial crisis.

In its annual financial stability report, the central bank did not mention the dollar by name but said it was a serious defect that one currency should tower over all others.

"An international monetary system dominated by a single sovereign sovereign currency has intensified the concentration of risk and the spread of the crisis," the People's Bank of China said.

Jun 26 13:14

Chinese official urges buying of gold, U.S. land: report

A top Communist Party research chief said Thursday that China should buy gold and U.S. real estate rather than Treasurys

Jun 24 18:55

China quenches thirst with £4.4bn Addax deal

China’s rush to secure MiddleEastern and African energy supplies intensified as Sinopec, its state-controlled oil refiner, sealed a £4.4 billion takeover of the British-listed Addax Petroleum.

Webmaster's Commentary: 

China is making deals to get the resources it needs.

The US has been dropping bombs in an attempt to get the resources it needs.

What's wrong with this picture, from a standpoint of the US approach??


Jun 23 16:48

China wants Ahmadinejad election recognized

China wants Ahmadinejad election recognized
By Mitch Moxley THE WASHINGTON TIMES | Tuesday, June 23, 2009

Jun 20 07:13

Beijing toys with tougher tactics

Apart from anger at Pyongyang's disobedience - and fears that its nuke program could endanger China - Beijing is worried that the latest development would hand a pretext to countries including South Korea and Japan to procure or produce more sophisticated weapons. Former senior director of the US National Security Council Dennis Wilder pointed out that Kim's nuclearization gambit could be "a game-changer in Northeast Asia security dynamics".

Jun 18 16:27

China’s Got a New Currency… and It Sure AIN’T the Dollar

Other, former Chinese officials have been less polite in their public statements. Yu Yongding, a former Chinese central bank adviser, recently referred to the US Federal Reserve “as the world’s biggest junk investor… ridden with rubbish assets,” and to Chairman Ben Bernanke as “helicopter Ben.”

Jun 14 10:39

Have You Driven a Han Lately?

Here's a surprising fact to ponder: This year, it's projected that China will overtake Japan as the world's largest automobile producer. It already tops U.S. carmakers in sales.

China's sudden surge to the top is no accident. While American auto honchos and economic policymakers stayed mired for years in the old business model of ever-bigger, expensive, fuel-gulping, unreliable vehicles, China's industrial and political leaders have been planning for and investing in smaller, well-built, fuel-sipping cars.

Webmaster's Commentary: 

We used to be the country which manufactured things people wanted to buy, because they were intelligently designed, with an eye to future trends and requirements, and well-made.

We are no longer that country.

Jun 13 08:45

China sub collides with array towed by U.S. ship: report

A Chinese submarine accidentally collided with an underwater sonar array being towed by a U.S. military ship, CNN reported on Friday, quoting an unnamed military official.

The incident occurred on Thursday near Subic Bay off the coast of the Philippines, according to the CNN report.

The destroyer USS John S. McCain was towing the array, deployed to track underwater sounds.

Webmaster's Commentary: 

Not very well, apparently.

Jun 12 10:44

Chinese official hacked to death in tea pavilion dispute

A Chinese government official was hacked to death by villagers when he tried to demolish a tea pavilion which was built without planning permission.

Webmaster's Commentary: 

I guess the Chinese are fed up with gratuitous interference from bureaucrats, too!

Jun 09 18:04

Chinese to invest at least $400 million in Zambian copper/cobalt ops

China Nonferrous Metal Mining Corp. (CNMC) on Saturday pledged to invest $400 million in Zambia's Luanshya Copper Mines (LCM) after formally taking over the running of the mines, officials said.

Mines and Minerals Development Minister Maxwell Mwale said CNMC would also develop the Mulyashi project, which previous owners of LCM had said could start producing 60,000 tonnes of copper cathode by 2010.

Webmaster's Commentary: 

China and Russia are closing deals to get the raw materials they need; the US continues to bomb in its attempts to get what it needs.

Jun 09 05:33

China's Hidden Bankruptcy

Throughout 2008, only 3,500 enterprises formally filed for bankruptcy in China. Hiding behind this tiny number however is the approximately 800,000 businesses that exited the market by either cancelling their registration or having their business license revoked.

Jun 08 23:35

US $ as Reserve currency about to be dumped?

Replacing the dollar has HUGE implications and the U.S. Government knows it.
Surfersvillage Global Surf News, 7 June, 2009
"The major powers of the world (Brazil, India, China, Russia) know that once the dollars’ reserve currency status of the world is gone, the U.S. military will shrink until it is a more even match-up of players and they will have a greater say in world affairs."
Russia, China should dump dollar in trade-Medvedev
Reuters - Saturday, June 6
Leaders of Brazil, Russia, India and China, known by their BRIC acronym, are meeting in the Russian city of Yekaterinburg on June 16 to discuss the role of the dollar in the global financial system among other issues.

Jun 08 11:19

"87 Percent of [Chinese] Respondents Believe China’s Dollar-Assets are Unsafe"

Jun 08 10:45

Head Of China's Second-Largest Bank Says The United States Government Should Start Issuing Bonds In Yuan, Rather Than Dollars

The head of China's second-largest bank has said the United States government should start issuing bonds in yuan, rather than dollars, in the latest indication of the increasing importance of the Chinese currency.

Jun 08 10:30


Jaysus, as if we didn't have enough to worry about over imports and toxic things in our food. Now, you can eat healthy.. grow your own foods and when you go to grate something for your salad, dump radioactive carrots into the bowl.

Webmaster's Commentary: 

Now, I am no fan of Chinese imports (at least the ones designed by American get-rich-quick companies) and have expressed concern over items like a child's toy ray gun with a REAL LASER in it being sold around here.

That being said, I own a radiation meter I purchased back when the DU release was a news story here in Hawaii and I just ran a quick survey of the kitchen, which does include many metal items form China.

Yes, I did detect some elevated levels of radiation, but nothing I would consider a serious problem. Normal background on this meter is between 8 and 11 (we live on basaltic rock). The highest level I got was a 34 and that was off the metal cover on the Bic disposable lighters. Some of the made in China metal ware got 14-17. A lot of it, including the grater, did not show detectable levels above background.

Now, with more sophisticated detectors and shielding from the outside there may be detectable levels of radiation but just to put things in perspective the high speed lens on my night vision scope (my own assembly, NVS you purchase at stores do not have this) is made from Thorium glass, a beta source, and puts the radiation meter into the hundreds.

So unless someone else with radiation equipment gets a different result, I don;t think this is the issue the poster is trying to make it.

Jun 07 08:42

The Charm Offensive

his week, Team Obama took their dog and pony show on the road. Treasury Secretary Geithner went to China, Fed Chairman Bernanke to Capitol Hill, and the President himself began a Mideast tour in Saudi Arabia. This full-court press is not coincidental, and comes just as the federal government has begun unloading trillions of dollars in new Treasury obligations. The coordinated charm offensive is meant to assure the world-at-large that the United States can repay these obligations without destroying the dollar.

Jun 05 15:46

Why The Chinese Laughed At Geithner

It apparently did not dawn on the US Treasury Secretary that if Chinese money is rising in value relative to the US dollar, the value of Chinese investments in dollar-denominated US Treasury bonds is falling.

Jun 04 08:14

Ron Paul on Hypocritical Posturing Toward China

This resolution "calls on the People's Republic of China to invite full and independent investigations into the Tiananmen Square crackdown, assisted by the United Nations High Commissioner for Human Rights and the International Committee of the Red Cross..."

Where do we get the authority for such a demand?

I wonder how the US government would respond if China demanded that the United Nations conduct a full and independent investigation into the treatment of detainees at the US-operated Guantanamo facility?

Jun 03 10:39

U.S. Will Pay $2.6 Million to Train Chinese Prostitutes to Drink Responsibly on the Job

The National Institute of Alcohol Abuse and Alcoholism (NIAA), a part of the National Institutes of Health (NIH), will pay $2.6 million in U.S. tax dollars to train Chinese prostitutes to drink responsibly on the job.

Webmaster's Commentary: 

I volunteer to assist with the lab work!

Jun 02 11:32

China shuts down Twitter and Bing in lead up to Tiananmen anniversary

It’s widely known that China runs a pretty tight ship - to put it mildly - on what its citizens get to see online, especially that content which exists outside of China. YouTube has been blocked for some time and although Wikipedia was blocked for a while, it’s gradually become more available. However today Chinese authorities have come down like a tonne of bricks on a number of services including Twitter, Flickr, Bing,,, Blogger and a number of other sites. And that’s no joke, given that we’re talking about the Great Wall of China here.

Webmaster's Commentary: 

Even me???????? :(

Jun 01 16:46

China's Arithmetic When It Comes to the Dollar

Providing leadership to the world’s increasingly interconnected economy is by no means an easy task, and maybe that’s why the world is voting against America holding the world’s reserve Currency Conch any longer. Timmy Geithner’s effectiveness with the Chinese translators overseas this morning is borderline laughable.

There was a time when the Wizards of Wall Street’s Oz could fly overseas and make a comment like “we are committed to a strong dollar” and it would actually matter. Rather than getting on a plane and shaking hands with The Client (China) himself, President Obama opted to send the same guy that called the holder of $768B in US Debt “manipulators"... Nice!

Jun 01 11:38

FLASHBACK - An American Worker in Tiananmen Square

Jun 01 11:20

Chinese Laugh at Geithner When He Says Investment in US Debt "Safe"

"Chinese financial assets are very safe," he said, drawing laughter from the audience.

Webmaster's Commentary: 

So much for inscrutable!

May 31 09:59

Chinese economists deem huge holding of US bonds "risky," split on way out

On the first day of U.S. treasury secretary Timothy Geithner's visit to China, the Beijing-based Global Times published a survey of 23 famous Chinese economists on Sunday, saying that the majority of them deemed the vast holding of U.S. bonds "risky."

Webmaster's Commentary: 

Unfortunately, these 17 out of 23 people are absolutely right.

And there is very little Geithner can say to reassure China, looking at the economic conditions of the US right now, and for the near future.

May 28 10:46

What threats has Pelosi relayed to China about N. Korea?

Pelosi to push China over North Korea talks
By Ian Swanson
Posted: 05/25/09 06:41 PM [ET]
House Speaker Nancy Pelosi later this week will press China¹s leaders to use their influence to bring North Korea back to negotiations on its nuclear program.
Pelosi (D-Calif.) said her delegation had always planned to press the Chinese on the issue, but North Korea¹s announcement Monday that it had successfully completed a nuclear test made the need more urgent.
"These reported tests underscore the message our congressional delegation planned to deliver to top Chinese government leaders during our meetings later this week: the Chinese must use their influence to help bring North Korea to the table for the Six-Party talks," Pelosi said in the statement.

May 27 10:55

China Is Now in Firm Control of U.S. Debt Markets

So far, in the three months of data which have been reported for this year (Jan., Feb., March), the net result was an outflow of capital from the U.S. totaling $211.4 billion.

Does this number suggest China is “trapped” into buying U.S. debt?

The March number is slightly more instructive. This marks the beginning of the newest propaganda-offensive from the U.S. corporate media in asserting (yet again) that the U.S. economy was starting to “recover”. This was epitomized by U.S. court-jester Ben Bernanke prancing around, braying about “green shoots”.

In March, the TIC inflow into the U.S. was a paltry $23.2 billion. However, net purchases of U.S. Treasuries totaled $47.9 billion – meaning the net results for all other categories of U.S. debt was yet another outflow of $24.7 billion.

May 27 10:07

Geithner to meet top Chinese leaders

US Treasury Secretary Timothy Geithner will meet with President Hu Jintao to discuss expansion of ties and current economic turmoil during his trip to Beijing on June 1-2, officials said Wednesday.

Webmaster's Commentary: 

Translation: We're going to solve the US economy by kicking the crap out of North Korea, so hands off if you want your dollar reserves to keep their value!

May 23 10:05

Taiwan-China business ties grow as barriers fall

China and Taiwan are seeking new business ventures in each other's territories like never before as investment and travel barriers fall between the once bitter enemies amid warmer political ties.

Webmaster's Commentary: 

This is definitely win/win for both China and Taiwan.

May 23 09:07

Man pushes would-be China suicide off bridge: media

A Chinese man was pushed off a bridge by an angry passer-by after his threat to commit suicide held up traffic for five hours, Chinese media reported on Saturday.

Retired soldier Lian Jiansheng, 66, broke through a police cordon and reached out to shake the hand of would-be jumper Chen Fuchao before shoving him off the bridge.

May 19 20:44

Have China watchers never heard of a decoy?

China has been mobilizing its dollar-reserves by buying an enormous amounts of real assets:

A) China has bought at least 454 tonnes of gold
B) China has been importing 70 percent more copper than they consume
C) China has been filling up its strategic petroleum reserve
D) China has been building up its grain inventory.
E) China has been going around the world making deals for raw materials and acquisitions of small-enough companies that they fly under the radar

In contrast, the Federal Reserve has been accumulating debt of insolvent institutions:

A) Making uncollateralized loans to insolvent banks.
B) Swaping banking system’s toxic assets (subprime CDOs squared) for dollars.
C) Buying US treasuries
D) Buying mortgage backed securities

May 19 05:40

Brazil and China eye plan to axe dollar

Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to Brazil’s central bank and aides to Luiz Inácio Lula da Silva, Brazil’s president.

The move follows recent Chinese challenges to the status of the dollar as the world’s leading international currency.

Mr Lula da Silva, who is visiting Beijing this week, and Hu Jintao, China’s president, first discussed the idea of replacing the dollar with the renminbi and the real as trade currencies when they met at the G20 summit in London last month.

May 18 20:18

China Gold Reserves May Back Yuan

Zheng, who was speaking at a forum over the weekend, said increasing gold holdings would provide China with a useful hedge as the dollar faced the possibility of depreciation, according to the report.

May 18 12:48

Shanghai Exodus

This is a documentary on the many people who emigrated to the United States from China during WW2, when the "International City" was devastated by the Japanese invasions. This is the real history behind the movie "Empire Of The Sun".

This documentary is still seeking a good home (Hello, anyone from HBO reading this?) and while I am not associated with the producer, my father makes a brief appearance in the trailer and film as does film actor Mario Machado.

May 09 16:33

China overtakes the US as Brazil's largest trading partner

"It is a historic moment," he said, adding that he expected China to remain in pole position for the rest of the year because its economy is still growing healthily. "China is now a platinum account [for Brazil]," said Douglas Smith, a Latin American economist for Standard Chartered bank.

Webmaster's Commentary: 

The Chinese and the Russians are making deals to get what they want.

The US is dropping bombs in an increasingly futile effort to get what it wants.

What's wrong with this picture??


May 09 04:57

Singapore Air Force arrives in Mountain Home

The world outside Idaho got a little bit smaller Wednesday, as four F-15SG fighter jets flown from St. Louis by the Royal Singapore Air Force landed between rainstorms at Mountain Home Air Force Base.

May 05 16:26

China cigarette order up in smoke

A Chinese county has rescinded a rule urging its government workers to smoke more in order to boost tax income.

The authorities in Gong'an county had told civil servants and teachers to smoke 230,000 packs of the locally-made Hubei brand each year.

Those who did not smoke enough or used brands from other provinces or overseas faced being fined or even fired.

May 05 08:32

Chinese workers urged to puff up economy by smoking

CHINESE STATE employees are being asked to do their patriotic duty to support the local economy – by lighting up a cigarette. And no butts.

In Gongan county in Hubei province, the order has come down from above that employees of all local government departments, organisations, service centres and corporations must consume at least 23,000 cartons of cigarettes this year.

This translates into 400 cartons for most departments and state companies, and 140 cartons for each school.

In a law which gives a whole new meaning to the phrase “the state picks up the tab”, cadres are required to smoke local brands, and anyone smoking other brands can be fined. The smoking allowance aims to boost the regional economy by encouraging more consumption of local cigarettes.

May 04 08:00

Big Sting II: Insider Trade Continues. The Direction Of The Economy Is Not Going To Change

The "legacy banks" and the Fed are slated for failure after the system is milked and they have acquired or bankrupted thousands of banks by starving them of credit or by acquiring them with taxpayer funds. They will then be bailed out and amalgamated into a super-entity that will itself be a cog in a new world system, which will combine the privileges, power and support of the BIS (Bank of International Settlements), IMF (International Monetary Fund) and the World Bank. They in turn will be supervised by the UN, which will be funded with a carbon tax as well as direct taxes levied on member nations. Along the way, a new world currency will be forged, and the dollar will be tossed.

May 01 08:33

China has 100 million people with mental illness

Mental illness has now overtaken heart disease and cancer as the biggest burden on the Chinese health system, according to the World Health Organisation, affecting seven per cent of the population.

Webmaster's Commentary: 

If you had YOUR retirement invested in American Debt, would you be feeling sane right about now?

May 01 07:22

China has 'canceled US credit card': lawmaker

China, wary of the troubled US economy, has already "canceled America's credit card" by cutting down purchases of debt, a US congressman said Thursday.

China has the world's largest foreign reserves, believed to be mostly in dollars, along with around 800 billion dollars in US Treasury bonds, more than any other country.

But Treasury Department data shows that investors in China have sharply curtailed their purchases of bonds in January and February.

Apr 28 02:33

China Organ Harvesting Concentration Camps

Apr 27 08:00

China backs Syria’s quest to recover Golan Heights

Chinese Foreign Minister Yang Jiechi wrapped up a regional Middle East visit in Damascus Sunday saying Israel should return the Golan Heights to Syria.

“China supports Syria's efforts to recover the Golan,” which Israel seized during the 1967 war and annexed in 1981, Yang told reporters during a joint news conference with Syrian Foreign Minister Walid Muallem.

Apr 24 06:50

Bernanke put you on the hook for 2 trillion and counting. You are an involuntary investor -The public is an “involuntary investor” in the nation’s banks, according to an April 15 court filing by Bloomberg.

In the report, the Fed detailed its assets in three limited liability corporations, all called Maiden Lane for a street in Lower Manhattan that runs past the New York Fed.

The losses become real if the principal isn’t returned.

Apr 23 04:31

Japan's Navy Overnight Proclaims a Near SuperPower Status - While China Parades Its Own Navy

BBC Japan's MPs back anti-piracy bill -The lower house of Japan's parliament has approved a bill to allow the country's naval ships to take a bigger role in fighting pirates off Somalia.

The bill will mean the navy can escort non-Japanese ships and use weapons for more than just self-defense purposes.

BBC China puts naval might on display - Michael Bristow -China is staging a military parade to celebrate its navy's 60th anniversary - and show the world its latest warships.

A least one of the country's nuclear-powered submarines is on display at the naval parade, being held in the port city of Qingdao.

Apr 21 09:46

Yuan trade move 'far reaching'

The Chinese government's decision this month to let exporters in a small number of cities settle their overseas trade in yuan rather than in US dollars has far-reaching implications, according to economists, even though the immediate impact is minimal.

Apr 18 05:24

Cash-rich China courts the Caspian

China's prospects as the first major economy to recover gives it a crucial role to lead the world economy as a whole and the Central Asian region in particular. Following up on a $25 billion loan to Russia that China dished out in February, it has agreed to lend $10 billion to Kazakhstan. China expects both the recipients to reciprocate by bolstering their energy supplies to China.

Apr 16 11:18

China buys less U.S. debt as reserve growth slows

China bought more than $4.6 billion worth of U.S. Treasury securities in February, despite fears that the United States' top foreign lender may be growing nervous about its massive holdings of U.S. government debt.

"I don't think there's any real evidence of a turn away from U.S. securities, certainly no evidence of a turn away from Treasuries," says Brad Setser, a former Treasury Department economist now with the Council on Foreign Relations.

Webmaster's Commentary: 

That may change.

Yesterday WE THE PEOPLE sent a message to the world that we will no longer allow ourselves to be taxed into poverty to cover the losses of reckless business ventures.

Foreign investors had to notice.

Apr 16 11:12

The Pentagon's Monster in the Mirror

Without a hint of irony, the report expresses concern about, "the purposes to which China's current and future military power will be applied," and suggests that Beijing could even use its armed forces "to ensure access to resources or enforce claims to disputed territories."

Sound familiar? Well, Washington apparently needs to relearn the basic moral principle of universality: What is wrong for others to do, must also be wrong for us.

Apr 13 03:36

China Slows Purchases of U.S. and Other Bonds

The New York Times - Keith Bradsher -HONG KONG — Reversing its role as the world’s fastest-growing buyer of United States Treasuries and other foreign bonds, the Chinese government actually sold bonds heavily in January and February before resuming purchases in March, according to data released during the weekend by China’s central bank.

Apr 12 16:25

Hugo Chavez Declares "New World Order"

April 09, 2009
Hugo Chavez Declares "New World Order"
Larrey Anderson
Hugo Chávez promueve un "nuevo orden mundial"
Miércoles, 8 de Abril de 2009

"El mandatario sudamericano, que el miércoles se reunió con Hu Jintao, presidente chino y líder del Partido Comunista, dijo que el péndulo mundial del poder está cambiando a países como Irán, Japón y China.

Chávez dijo que "estamos creando un nuevo orden mundial" y "un mundo multipolar", al considerar que el "mundo unipolar" se ha derrumbado. Los nuevos polos de poder en el mundo se están fortaleciendo, dijo en alusión a "Pekín, Tokio, Teherán"."

Apr 06 09:28

FLASHBACK - Israel secretly sells American nuclear weapons to China

Apr 02 09:42

Report: Chinese Develop Special "Kill Weapon" to Destroy U.S. Aircraft Carriers

With tensions already rising due to the Chinese navy becoming more aggressive in asserting its territorial claims in the South China Sea, the U.S. Navy seems to have yet another reason to be deeply concerned.

After years of conjecture, details have begun to emerge of a "kill weapon" developed by the Chinese to target and destroy U.S. aircraft carriers.

First posted on a Chinese blog viewed as credible by military analysts and then translated by the naval affairs blog Information Dissemination, a recent report provides a description of an anti-ship ballistic missile (ASBM) that can strike carriers and other U.S. vessels at a range of 2000km.

Apr 01 16:45


Promoting China and Russia once again as ‘threats’ to the US is merely a useful distraction. The threat from China and Russia during the Cold War was grossly exaggerated during that period and both nations are even less a threat today than ever before. The world should not be fooled; the neocons real enemies remain those that oppose Israeli Zionism. Their rhetoric is for a strong America but what is left unsaid is that a strong America means a strong Israel. If the US withdraws into itself to become isolationist again then it will leave Israel exposed.

Apr 01 10:51

Argentine media hails Argentina-China currency swap deal

Local media on Monday hailed the recently signed China-Argentina currency swap agreement, insisting that Argentina is able to pay for imported products from China in RMB.

Webmaster's Commentary: 

"What? They don't use dollars any more?!? INVADE! INVADE!!" -- Official White Horse Souse

Apr 01 03:57

Chinese quake activist arrested - Over population demonstrates its lack of freedom again.

BBC News - Chinese police have arrested a man who was investigating whether poor construction caused schools to collapse during last year's massive earthquake.

Mar 26 13:12

China fury at US military report

Beijing has reacted angrily to a Pentagon report on China's military power, which claimed it was altering the military balance in Asia.

Mar 23 12:27

China Voices Support For New Global Currency To Replace Dollar

China has expressed support for Russia’s proposal to hand the IMF the power to create a new supra-national global currency in response to the call for an alternative to the U.S. dollar as the world reserve currency.

Webmaster's Commentary: 

The US Government is about to learn the wisdom of the old adage that one should be very careful who one steps on on the way up because you will likely meet them again on your way back down.

Mar 21 15:44

US warships head for South China Sea after standoff

A potential conflict was brewing last night in the South China Sea after President Obama dispatched heavily armed American destroyers to the scene of a naval standoff between the US and China at the weekend.

Mr Obama’s decision to send an armed escort for US surveillance ships in the area follows the aggressive and co-ordinated manoeuvres of five Chinese boats on Sunday. They harassed and nearly collided with an unarmed American vessel.

Washington accused the Chinese ships of moving directly in front of the US Navy surveillance ship Impeccable, forcing its crew to take emergency action, and to deploy a high-pressure water hose to deter the Chinese ships. Formal protests were lodged with Beijing after the incident.

Mar 20 04:50

Rapid Declines in Manufacturing Spread Global Anxiety - Total Collapse

The New York Times World Business Nelson D. Schwartz Manufacturing has fallen off the cliff, and it’s certainly the biggest decline since the Second World War,” said Dirk Schumacher, senior European economist with Goldman Sachs in Frankfurt.

The pattern of manufacturing and trade ominously recalls how the financial crisis of 1929 grew into the Great Depression: tightening credit and consumer fear reduced demand for manufactured goods in one country after another, creating a downward spiral that reduced global trade.

Mar 15 20:00

Beijing raises stakes with tit-for-tat deployment in South China Sea

Beijing has increased tension in a disputed part of the South China Sea by sending a patrol ship to protect fishing boats after the United States deployed a destroyer in the area. The American move was in response to alleged Chinese harassment of one of its surveillance vessels.

Mar 13 14:38

Destroyer to Protect Ship Near China

Mar 13 10:44

China 'worried' about US Treasury holdings

China's premier didn't say it in so many words, but the implied warning to Washington was blunt: Don't devalue the dollar through reckless spending.

Webmaster's Commentary: 

... like that AIG and GM thing ...

Mar 13 10:41

China Finally Diversifying Out of the Dollar?

Everyone knows that China has $2 trillion in foreign reserves. Two-thirds of those reserves are said to be denominated in dollars.

But - after years of speculation - there are increasing signs that China is diversifying out of the dollar.

Webmaster's Commentary: 

Is this why the US is trying to provoker China; as a warning that the US is willing to attack China if China dumps the dollar?

Mar 10 12:56

Analysis: so much more than a naval water fight

No shots were fired, no one was injured, and the most potent weapon employed was a water hose. By the standards of modern war, Sunday's encounter between a US surveillance vessel and a group of Chinese naval ships, was a drop in the ocean — but 48 hours later the ripples were still spreading.

Webmaster's Commentary: 

Was the US hoping for a new USS Pueblo incident?