Feb 20 05:17

China Accuses US of Militarizing South China Sea BEIJING -- China on Friday accused the US of militarizing the South China Sea, just days after it was revealed that Beijing had deployed surface-to-air missiles on an island in the hotly disputed area.

Chinese Foreign Ministry spokesman Hong Lei told reporters that patrols by US military aircraft and Navy vessels, along with joint exercises involving regional partners were the true reason why concerns were growing over peace and stability.

"The above actions have escalated tensions in the South China Sea, and that's the real militarization of the South China Sea," Hong said.

Feb 19 12:33

China & the US are in the same place: DEBT

Feb 19 12:24

U.S. rejects Chinese offer of peace treaty talks with North Korea

The United States said Thursday that denuclearization remains its top priority when it comes to North Korea, rejecting a Chinese proposal to begin peace treaty negotiations with Pyongyang in tandem with denuclearization talks.

Chinese Foreign Minister Wang Yi made the offer earlier this week after talks in Beijing with his Australian counterpart. A peace treaty with the United States, which would formally end the 1950-53 Korean War, is one of the North's long-running demands.

"Denuclearization remains our top priority. We remain in close contact with the other five-party partners on our shared goal of the denuclearization of the Korean Peninsula in a peaceful manner," State Department spokeswoman Katina Adams said.

Webmaster's Commentary: 

To President Xi Jinping and the government of China; what you have proposed is completely logical and reasonable. Thank you for your suggesting this approach.

Having said that, it pains me to confess that I am sometimes dumbfounded by the ham-fisted, pig-headed stupidity of the US government, which more than occasionally, collectively, appears to be pathologically incapable of thinking anything through.

Using the peace treaty here would be the "carrot" in the negotiations which would ultimately lead to denuclearisation of the Korean peninsula. That the US government willfully refuses to see this logic is unfortunate.

Feb 18 09:26

Chinese Banks Hiding Losses

Feb 18 07:56

China Offers Reward For Decoding Ancient Gold Coins

A Chinese museum is offering a reward to anyone who can decode the inscriptions written on six gold coins found in China’s Hunan province.

Webmaster's Commentary: 

"It's ancient Hebrew and it says 'property of Israel!' So those belong to us and you should Fedex them to me right now!" -- Nodding Yahoo

Feb 18 03:45

China has long been using defense infrastructure on Paracel Islands — foreign ministry

China has already been using defense infrastructure on the Paracel Islands for many years, Chinese Foreign Ministry’s spokesperson Hong Lei said on Thursday. "Deploying defense systems on Shish (Paracel) Islands is not news. China has already been using such infrastructure for many years as it has full sovereignty over the archipelago. At the same time, implementation of measures of defensive nature and militarization of the region, which several countries state, are not the same thing," Hong said. On Tuesday China deployed HQ-9 surface-to-air missile launchers on Woody Island (part of Paracel Islands) in the South China Sea. The HQ-9 is China’s new generation medium- to long-range, active radar homing surface-to-air missile. This is the first Chinese defense system capable of intercepting ballistic missiles. Chinese Foreign Ministry Wang Yi said that Beijing is entitled to deploying defense infrastructure on the Paracel Islands in the South China Sea.

Feb 17 16:42

China Considers Putting Nukes Under Military Control

Colonel Larry Wilkerson explains the significance of China considering placing nuclear arsenal on high alert.

Feb 17 11:05

China sends missiles to contested South China Sea island - Taiwan, U.S. officials

China has deployed an advanced surface-to-air missile system to one of the disputed islands it controls in the South China Sea, Taiwan and U.S. officials said, ratcheting up tensions even as U.S. President Barack Obama urged restraint in the region.

Taiwan defence ministry spokesman Major General David Lo told Reuters on Wednesday the missile batteries had been set up on Woody Island. The island is part of the Paracels chain, under Chinese control for more than 40 years but also claimed by Taiwan and Vietnam.

A U.S. defence official also confirmed the "apparent deployment" of the missiles, first reported by Fox News.

U.S. Secretary of State John Kerry said the United States expected to have "very serious" talks with China about militarization of the South China Sea.

"There is every evidence, every day that there has been an increase of militarization of one kind or another. It’s of serious concern," Kerry told reporters when asked about the reported deployment.

Webmaster's Commentary: 

Although this is a serious escalation of tensions, the US government started it by having our Air Force doing very close to near-overflights of these contested areas.

Feb 17 04:53

China deploys anti-aircraft systems on disputed islands

The Chinese authorities have deployed several long-range anti-aircraft complexes on a disputed island in the South China Sea. Two batteries of eight HQ-9 systems are seen on satellite images, TASS reports. Beijing also deployed a radar station on one of the Paracel Islands (Xisha Islands). The anti-aircraft systems appeared on the location last week, Fox News said. A US official confirmed the authenticity of the satellite images. China, Japan, Vietnam and the Philippines have differences over maritime boundaries and areas of responsibility in the South China and East China Seas. China believes that countries such as the Philippines and Vietnam deliberately use the support of the United States to escalate tensions in the region.

Feb 16 12:15

China urges United States, North Korea to hold direct talks

China's foreign ministry on Monday urged the United States and North Korea to sit down with each other face-to-face and resolve their problems, as tension continues to climb on the Korean peninsula after North Korea's latest rocket test.

While China was angered by the launch, it has also expressed concern at plans by Washington and Seoul to deploy an advanced U.S. missile defense system, saying it would impact upon China's own security.

"The focus of the nuclear issue on the peninsula is between the United States and North Korea," Chinese Foreign Ministry spokesman Hong Lei told a daily news briefing.

"We urge the United States and North Korea to sit down and have communications and negotiations, to explore ways to resolve each other's reasonable concerns and finally reach the goal we all want reached."

Webmaster's Commentary: 

This is a very positive, reasonable proposal from China, but it left out one key player: South Korea.

Unless there is a rapprochement between all four countries, no true peace deal can be realized. Unfortunately, right now, it appears that South Korea is not amenable to that approach. As reported today in the Washington Post:

North Korea’s pursuit of a nuclear weapons program “will only hasten its collapse,” South Korean President Park Geun-hye said Tuesday, forgoing her usual caution to warn in uncharacteristically blunt terms that her government would do all it could to punish Pyongyang for its recent provocations. Talk of the North’s collapse is normally a no-go topic here, because the prospect not only alarms South Koreans but also enrages Kim Jong Un’s irascible regime. But following the North’s nuclear and missile tests this year, Park is taking a markedly more confrontational approach. “Dear people of South Korea, it’s obvious now that our previous methods and goodwill cannot break Pyongyang’s nuclear will,” she said in a special televised address to the National Assembly. “I believe we should not provide them with unconditional support anymore nor succumb to their provocations. We now need to find a fundamental solution to effectively change North Korea, and it is our time to be brave.” Her tough words come at a time when South Korea, Japan and the United States are in unusual accord on how to deal with North Korea.

Unfortunately, this approach will have the polar opposite result from what is needed in this situation. Getting more "muscular" with North Korea, rather than sitting down with all parties at the negotiating table, and replacing the armistice with a true peace treaty, may incite him to further acts of aggression, and kick off a war into which the US and China will be inevitably dragged.

War with China right now, from the US government's perspective, should be a very lousy thing to do. And I would like to politely remind those in the bowels of power in this country that at this time in the US Military's history, it does not have the weaponry, the money, the manufacturing, or the troop strength to insure a positive outcome to a conventional war against China.

Feb 16 10:12

1.27 Trillion Tuesday – China’s Bad Loans Jump 51% in 12 Months

Bad loans at Chinese banks jumped 7% in the fourth quarter and are now topping 1.27Tn Yuan which is, fortunately, "only" $196Bn but still – that's a LOT of bad loans! And, of course, this being China, those are just the ones they are admitting to. If you include "special-mention" loans, where future repayment is at risk but yet to become nonperforming, the industry’s total troubled loans swelled to 4.2Tn Yuan ($648Bn), representing 5.46% percent of total advances made by banks.

Webmaster's Commentary: 

Many of those loans were for companies to manufacture goods to sell to the United States ... which cannot afford to buy them any more!

Feb 16 07:43

Chinese Exports Plunge 11.2 Percent As Economic Activity Continues To Collapse All Over The Planet

If the global economy is in fine shape, then why does all of the hard data tell us that global trade is absolutely collapsing? The Baltic Dry Index has fallen below 300 for the first time ever, and export numbers are way down for almost every major exporting nation on the entire planet.

Feb 16 05:36


Leo De Watts, a young British entrepreneur, is minting money by selling 580 ml “naturally occurring, lovingly bottled” fresh British country air for £80 to pollution–hit Chinese cities. Customers have a choice of air from various parts of the UK including Yorkshire, Dorset and Somerset. The air is being marketed as a high-end product, like the “the Gucci of air”.

Feb 15 15:11

Love is cruel: Elephant smashes cars after getting ‘dumped’ in China

It’s never easy getting rejected just before Valentine’s Day, but it’s harder to swipe your frustrations away on Tinder or drown your sorrows in a bottle of whiskey when you’re an elephant – which, presumably, is why this dumped Dumbo took it out on a street full of cars.

Feb 15 11:16

US admiral warns China against flying warplanes over S. China Sea

A senior US naval commander has warned that China’s plan to fly fighter jets from its new man-made islands in the South China Sea will be destabilizing and would not deter US operations in the disputed waters.

US Navy Vice Admiral Joseph Aucoin also urged Beijing to be more open over its intentions in the South China Sea, saying it would relieve "some of the angst we are now seeing."

"We are unsure where they are taking us," Aucoin told journalists on Monday in Singapore about China's recent moves. "So we are going to sail, fly, operate throughout these we have been doing for so long," he said.

Chinese and international security experts expect Beijing to start using its new runways in the disputed Spratlys archipelago for military operations in the next few months.

Webmaster's Commentary: 

Whatever happened to the possibility of good-faith, hard-fought negotiations as a way to resolve geopolitical differences between the US and...any other country in the world, such as China?!?

Unfortunately, that possibility has been eclipsed by a consistent, hubristically bellicose, diatribe by military and political officials of this country, threatening something dire against any country whose actions do not please the US's government.

I would like to politely suggest to Adm. Aucoin that right now, the US military does not have the weaponry, the money, the manufacturing, or the troop strength to guarantee a positive outcome in a conventional war with China, and that is what what makes a potential military confrontation with China such a lousy idea.

And if the US government and military persists in overflying, and flying too close to, what the Chinese government believes is their sovereign territory, it is only a matter of time before such a confrontation will nearly inevitably happen.

Feb 15 11:07

First 'Silk Road' train in Tehran after 14-day journey from China

The first train connecting China to Iran through the ancient Silk Road has arrived in the Iranian capital after traveling over 10,000 kilometers, head of the Iranian railway company said.

According to Iranian media, the train, which has been launched in an effort to revive the ancient road, is carrying 32 containers of commercial products originating from China’s eastern province of Zhejiang.

The trip from China to Iran has taken 14 days over 10,399 (about 6,500 miles), taking the cargo train through Central Asian countries of Kazakhstan and Turkmenistan, Fars news agency reported.

"The arrival of this train in less than 14 days is unprecedented," said head of the Islamic Republic of Iran Railways, Mohsen Pourseyyed Aqai.

He added, "This is an important step for the revival of the Silk Road and the train has traveled 700 km per day, saving 30 days compared to normal time that takes to go this distance.”

Webmaster's Commentary: 

Wow! Talk about opening up nearly unlimited trade possibilities between China, Iran, and the Middle East!

And of course, this achievement and collaboration between China and Iran gets absolutely zero coverage in the Western media.

Feb 15 10:52

Why the Syria ceasefire is a long shot

Washington and its allies are not interested in peace. They want regime change – by hook or by crook.

An end to the Syrian conflict is desperately needed. But the latest plan for a cessation of violence is unlikely to take hold, as the deal struck by international powers is based on fundamentally opposing premises.

In short, Washington and its allies want regime change, while Russia and Iran insist that President Bashar Al-Assad and his government are the legitimate ruling authorities in Syria. All sides are mandated by UN resolutions to respect the sovereign will of the Syrian people – to determine the political future of their country.

Feb 15 10:49

A Syrian Breakthrough – Israel Shamir

Now the deed is done, the corridor is blocked.

If and when Aleppo and the whole Aleppo district will be taken by the Syrian army, we would be able to congratulate Putin and Assad – and Syrian people – with a great victory.

The Russians raise alarms that a Turkish invasion into Syria is imminent. Russian media is foaming at the mouth about the perfidious Turks; a veritable Two Minutes Hate ritual (vide Orwell) on the state-managed TV channels being repeated a few times a day. The idea is to scare Turks stiff so they will not move while the operation in the North lasts. On the other side, the Russian opposition draws frightful scenarios of Janissaries slaughtering the Russian boys on the Syrian terrain. The Turkish media also tries to instil fear in the Russkies by saying what they can do.

Feb 15 10:45

Presidential Debates and Iran

The presidential candidates’ irresponsible remarks about Iran - as though it is a politically convenient football to be kicked around...

After watching both the Republican and Democratic debates on TV, I intend to exclude two main categories from my principle concerns in the upcoming presidential elections that will determine who will replace President Obama next year: one is the entire roster of the Republican Party, and the other, anything other than the foreign policy issues; the main area of my personal interest.

I am disregarding the entire Republican roster because I don’t think any Republican has a chance to beat Ms. Clinton in the general elections, at least this time around.

Feb 13 10:00

US sends extra Patriot missiles to S Korea amid rising tensions with North

The US military has deployed additional Patriot missile systems in South Korea, citing Pyongyang’s recent rocket launch.
The Seoul HQ of the US Forces Korea (USFK) said Saturday that the deployment of additional assets is part of an emergency readiness exercise being carried out in cooperation with the South Korean military.

"North Korea’s continued development of ballistic missiles against the expressed will of the international community requires the Alliance to maintain effective and ready ballistic missile defenses. Exercises like this ensure we are always ready to defend against an attack from North Korea," said Lt. Gen. Thomas Vandal, Commanding General of Eighth Army, the commanding formation of the USFK.

Webmaster's Commentary: 

This deployment, coupled with the potential deployment of the THAAD system, is yet one more glaring demonstration (as if the American people need more demonstrations) of the reality that just because something is the most ham-fistedly, pig-headedly stupid thing the US government can do, is absolutely no guarantee that the US government won't do it.

And I have a short memo, and question, to the White House, Congress, the Pentagon, and the State Department: why is it that the only time you tend to pay attention to North Korea is when they test another, bigger, more sophisticated bomb?!?

Has it not occurred to you that this is the only way Kim Jung-un believes he can get your attention?!?

Instead of sanctioning and hurriedly deploying more weapons to South Korea, will someone, please pick up the damned phone, and call China's President, Xi Ping, and start the dialogue leading to a 4 way conference between North Korea, China, South Korea, and the US to replace the Armistice (which is just a cessation of fighting) with a genuine peace treaty?!?

Because when this happens, and with one of the iron-clad articles in the treaty stating that North Korea never develops weapons again, these countries would do a great job of ratcheting down the tensions in the region, noticeably.

Of course, what I am suggesting is...logical, which it may never have occurred to the American government, at least not so far.

Feb 13 09:24

Paul Craig Roberts: Are Americans Too Insouciant To Survive?

The United States government, or perhaps we should say the exploiter and deceiver of the American people, has announced a three-fold increase in its military presence on Russia’s borders. The excuse for this great boost in the profits and power of the US military-security complex is “Russian aggression.”

But there is no sign of this aggression. So Washington and its servile presstitutes in the Western media make it up. They proclaim a lie.

“Russia invaded Ukraine” proclaims the propaganda. No mention is made of Washington’s coup in Ukraine that overthrew a democratically elected government and began a war against the Russian populations of eastern and southern Ukraine, former provinces of Russia added to the Ukrainian Soviet Republic by Soviet leaders. In the presstitute media, no mention is made of Washington’s intention of seizing Russia’s only warm water port in Crimea on the Black Sea.

Webmaster's Commentary: 

Remember: the captains of industry and the politicians have their bunkers; they care not one whit about your, your family, or your loved ones surviving, should a war of this magnitude break out.

They have all had their consciences surgically removed.

The job of the corporate presstitutes is to cover the filth of lies with the most amazing, exquisite silk garment of propaganda, to push the favored narrative to attempt to make you believe what they are saying.

Please don't, because you cannot believe anything these people say.

Feb 13 07:55


Last year, the Broadcasting Board of Governors (BBG), the US federal agency responsible for Voice of America and Radio Liberty/Radio Free Europe, among others, requested a substantial budget increase. Seeking an boost of $30 million, the BBG’s budget soared to $751.5 million. That was, evidently, not enough money. President Obama’s newly proposed budget for fiscal year 2017 proposes another massive increase in spending for the BBG. If granted, the agency will receive nearly $778 million, a roughly $27 million increase.

Feb 13 07:15

Report: China’s Currency Will Diminish Dollar’s Role in International Trade

The Chinese government has taken steps to promote the international use of its currency, the renminbi, which will diminish the dollar’s role in international trade, according to a report from the Brookings Institution.

The steps China has taken to internationalize the renminbi have been gaining traction and the currency now represents the fifth-most important payment currency in the world.

“The Chinese renminbi, barely visible in international trade of financial flows just three years ago, appears to be blossoming,” says William Wilson, a research fellow at the Heritage Foundation. “China is now the world’s largest trading nation, and more corporations, particularly in Asia, are beginning to invoice their business in [renminbi].”

Webmaster's Commentary: 

This is the reason we see the US government behaving badly toward China and North Korea; those in the bowels of power in Foggy Bottom see a war with China as the only way to halt the renminbi's ascent.

Feb 12 14:09

Russia concerned over possible deployment of air defense system in S.Korea

The Russian Foreign Ministry on Wednesday expressed concerns over possible deployment of U.S. missile defense system in South Korea.

The Pentagon said Monday that the United States and South Korea have begun negotiations on the issue in response to the missile launch by the Democratic People's Republic of Korea (DPRK) on Feb. 7.

The Russian ministry noted that the action of DPRK was used by Washington to expand the deployment range of the U.S. global missile defense system, according to an online statement.

"The emergence of elements of the U.S. global missile defense system in the region, characterized by a rather difficult security situation, could provoke an arms race in northeast Asia and will further complicate the solution of the nuclear issue on the Korean Peninsula," the statement said.

"This step could only enhance the destructive impact of the U.S. global missile defense system on international security and strategic stability."

Webmaster's Commentary: 

The US government just signed off on more sanctions against North Korea today; this is a ham-fistedly, pig-headedly wrong approach, and will do nothing to tone down the situation, nor will the introduction of US global missile defense systems in South Korea help.

What should happen here is the US going to China to arrange for a four-party negotiation between the US, China, South Korea, and North Korea to replace the Armistice between North and South Korea, which has existed for over 60 years, with a true, actual peace treaty, which guarantees trade, and peaceful relations among all the above-mentioned nations.

Of course, that... would be logical.

Feb 12 09:30

Iran Completes Eurasian Golden Triangle

Sometimes profound tectonic shifts in the global politics arise from least noticed events. Such is the situation with Iran and the recent visit to Teheran of China’s President Xi Jinping. What emerged from the talks confirms that the vital third leg of what will become a genuine Eurasian Golden Triangle, of nations committed to peaceful economic development, is now in place.

Webmaster's Commentary: 

"Ah HA! I block your golden triangle with my Pentagon of DEATH!" -- Official White Horse Souse

Feb 08 09:23

China, Russia and Iran planning gold backed currency

The latest Sino-Iranian rapprochement has prompted a lively debate regarding the new Eurasian “world order.” “Sometimes profound tectonic shifts in the global politics arise from the least noticed events. Such is the situation with Iran and the recent visit to Tehran of China’s President Xi Jinping. What emerged from the talks confirms that the vital third leg of what will become a genuine Eurasian Golden Triangle, of nations committed to peaceful economic development, is now in place,” American-German researcher, historian and strategic risk consultant F. William Engdahl writes in his article for New Eastern Outlook.

Feb 07 09:59

The IMF Changes its Rules to Isolate China and Russia

Dr. Hudson discusses his paper, The IMF Changes Its Rules To Isolate China and Russia; implications of the four policy changes at the International Monetary Fund in its role as enforcer of inter-government debts; the Shanghai Cooperation Organization (SCO) as an alternative military alliance to NATO; the Asian Infrastructure Investment Bank (AIIB) threatens to replace the IMF and World Bank; the Trans Pacific Partnership Treaty; the China International Payments System (CIPS); WTO investment treaties; Ukraine and Greece; different philosophies of development between east and west; break up of the post WWII dollarized global financial system; the world dividing into two camps.

Feb 06 15:08


Feb 06 10:48

Money from thin air: British breezes sells for £80 a pop in China

A UK businessman is making a fortune selling British air to wealthy Chinese buyers for £80 ($115) a bottle.

Leo De Watts, 27, harvests fresh air from rural locations across the UK, including Dorset, Somerset, Wales, Wiltshire and Yorkshire.

His team use specially adapted fishing nets and run through fields to collect the breeze. The nets are left for 10 minutes to absorb the local aroma, before being bottled in 580ml containers.

Webmaster's Commentary: 

Some people have waaaaay too much money and no common sense.

Feb 06 10:27

Chicago Stock Exchange Says It’s Being Sold to Chinese-Led Group

The Chicago Stock Exchange said a Chinese investor group agreed to acquire it, giving the buyer entry into the intensely competitive U.S. equity market. Chongqing Casin Enterprise Group has signed a definitive agreement to acquire the company, according to a statement Friday. The deal values the Chicago Stock Exchange at less than $100 million, according to a person familiar with the matter, who asked to not be identified because the terms weren’t disclosed publicly. The exchange expects the deal to close in the second half of the year, though that will require regulatory approval.

Feb 05 18:36

Strange Times: Pentagon Talks up Conflicts with Iran, Russia, China, North Korea

It could happen today or tomorrow. Maybe in the years to come. But potential conflicts with Russia, China, North Korea and Iran are inevitable. That’s what the Pentagon says in its new budget request from the US Congress!

Feb 05 09:44

SocGen claims China is only months away from burning through its currency reserves

China is burning through its foreign-currency reserves at such a blistering pace that the country will run down its cushion in a few months, forcing the government to wave the white flag and float the yuan, says Société Générale global strategist Albert Edwards.

Webmaster's Commentary: 

Money has been weaponized!

Feb 04 12:12

Chinese Investors Ponzi'd - American Style!

Feb 04 09:50

Pettis: China's Debt Reckoning Is Upon Us

Feb 04 08:15

Beijing Vs DC: The Battle for Southeast Asia

By Tony Cartalucci

The Straits Times published an opinion piece by the London-based Rob Edens. Wishfully titled, “South-east Asia fast becoming unfriendly territory for China,” it attempts to portray Southeast Asia as increasingly pivoting West toward Washington, coincidentally just as Washington was “pivoting” East toward Asia...

Feb 04 08:10

Epic Battle: Hedge Funds Versus China

Feb 03 21:18

The Art of War Quotes

He who knows when he can fight and when he cannot will be victorious!

For to win 100 victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill.

Feb 03 09:43


Beijing is preparing a free trade agreement with the countries of the Persian Gulf, and with Iran plans to increase trade to $ 600 billion a year, linking up with the states required for the new Silk Road...

Feb 02 15:30

US Air Force Bolsters Space Defense to Counter Russian, Chinese 'Threats'

As global powers prepare for the increased role of outer space in future conflicts, the US Air Force has announced the creation of a new team whose sole purpose is to protect American space assets – primarily against Russian and Chinese "aggression."

Webmaster's Commentary: 


Feb 02 14:50

Donald Trump Is Not the Only One Demonizing China

One day recently, the New York Times, following Donald Trump’s lead,
ran two articles that demonized China-although the elite newspaper did so much
more subtly than the crudities of “the Donald.”

Feb 02 08:47

Chinese Investors Find Out They Got Fleeced By A $7 Billion Ponzi Scheme

On Monday we got the latest “big” news out of China when Beijing announced it had arrested 21 people over a $7.6 billion P2P fraud Ezubao. 900,000 people were defrauded, making the fiasco the biggest ponzi scheme in history by number of victims.

Feb 02 08:44

Hong Kong Housing Bubble Suffers Spectacular Collapse: Sales Plunge Most On Record, Prices Crash

Two months ago, we observed the record plunge in Hong Kong home sales when according to Land Registry data, a paltry 2,826 registered residential transactions were record, down 14.4% from October and what we thought was an amazing 41.7% less than in November last year. This was the lowest print in the history of the series.

Little did we know just how bad it would get just two months later.

Feb 01 14:44

Meet China's Latest $1.8 Trillion "Problem"

The powers that be in Beijing aren’t particularly keen on allowing the banking sector to report “real” data on souring loans - especially given the fragile state of the country’s economy. In some cases, the Politburo will pressure banks to simply roll over bad debt, effectively kicking the can.

In addition, banks carry around 40% of their credit risk outside of “official loans.” Here’s what Fitch had to say last year:

Feb 01 08:38

Monday Mandarin Manufacturing Meltdown

Feb 01 04:46

Asian Markets Close Mixed: Weak PMI Data Weighs on China

Asian markets traded mixed on Monday with China taking the biggest hit to close in the red. The weak Chinese PMI manufacturing data coupled with decline in oil prices, drove the equity stocks in the region to close mix.
SSE Composite index in China closed down 1.78% on Monday after PMI index disclosed contraction in manufacturing and services sector of the country. The Purchasing Managers’ Index (PMI) for manufacturing sector in January dropped to 49.4, its lowest level in three years, from December’s 49.7, according to National Bureau of Statistics (NBS).
>The People’s Bank of China (PBOC) also injected around $1.5 billion in cash in the country’s financial system
>China’s Energy sector performed poorly during today’s trading session.
>Hang Seng in Honk Kong closed down 0.45%, erasing early gains.
>Oil prices plunged on Monday during Asian trading hours

Jan 31 09:45

Gloria Macapagal-Arroyo sold the Spratly Islands to China

Webmaster's Commentary: 

Bump to the top

Jan 31 09:45

China strongly condemns US for sending warship near island

China strongly condemned the United States after a U.S. warship deliberately sailed near one of the Beijing-controlled islands in the hotly contested South China Sea to exercise freedom of navigation and challenge China’s vast sea claims.

Jan 30 08:01

China protested because of the actions of U.S. destroyer in the South China sea

The defense Ministry of China expressed strong protest to the United States because of the patrolling destroyer of the U.S. Navy in the district near the Paracel Islands archipelago. Earlier, Pentagon spokesman captain Jeff Davis said that the Navy destroyer USS Curtis Wilbur approached the Triton island of Paracel archipelago for a distance of 12 nautical miles in operation for the protection of freedom of navigation... He also added that the operation "was a challenge to China, Taiwan and Vietnam, which trying to limit the rights and freedoms of navigation". The representative of the Ministry of defense of China: the actions of the US destroyer violate the laws of China, and the Navy of China immediately after the incident has taken the necessary response and warned the USS Curtis Wilbur to leave the territorial waters of the country.

Jan 29 16:13

A “Death Spiral” for the Chinese Yuan?

Jan 29 13:49

Beijing Plans Aircraft Carrier Patrols in Disputed South China Sea

The Chinese Navy will likely deploy an aircraft carrier for permanent operations in the South China Sea, where China and other countries in the region are feuding over competing territorial claims, an expert said.

Professor Chu Shulong, the director of the Institute of International Strategic and Development Studies at Tsinghua University in Beijing, told IHS Jane’s that the deployment will likely occur when the Chinese People's Liberation Army Navy's second aircraft carrier is fully operational.

"For the Northern Sea, Yellow Sea, and Eastern Sea, China does not need an aircraft carrier. Chinese land-based [aircraft] are capable of reaching places like the Diaoyu Islands," Chu said, in reference to the territories also claimed by Japan and known in Tokyo as the Senkaku Islands.

Webmaster's Commentary: 

A short memo to the US government; playing "chicken" with a Chinese aircraft carrier, to express your "displeasure" over China potentially patrolling these waters, is not a sane or sound strategy here.

Jan 29 13:12

US and Japan shouldn't interfere in Spratly dispute

Grigory Lokshin, leading research fellow at the Centre for the Study of Vietnam and ASEAN, RAS Institute of Far Eastern Studies told Pravda.Ru how the conflict of interests around the South China Sea would develop. 'The dispute, which is going on between China and countries of the region, is their inner affair. We stand for their meeting and settling everything by means of negotiation without use of force and threats'. What about common ground on the Spratly, the expert said, that 'it's a very difficult question on the sovereignty and it can't be settled without a mutual compromise, as globally important communications and trade routes lie here. The parties should sit down to talk without any outer non-regional forces, especially the US and Japan, that shout most loudly. The problem is that none of the countries, neither China, nor Vietnam or the Philippines consider that their national interests can be achieved by oppressing the interests of another party.

Jan 29 12:54

Vietnam lashes China for suspicious activity on Spratly Islands

Vietnam expressed its protest in connection with China's use of runways built on Fiery Cross Reef (Spratly Islands)... Vietnam's official Foreign Ministry spokesman Le Hai Binh said that China's actions violated Vietnam's sovereignty over the Spratly Islands and came contrary to the agreement between the top leaders of the two countries and the 2002 Declaration on the Conduct of the Parties in the East Sea ??(the declaration was signed between the Association of Southeast East Asia, ASEAN and China - ed.). According to the Vietnamese official, China's actions in the area of the Spratly Islands threaten peace and stability in the South China Sea. These actions, according to Hanoi, cause damage to the political trust between the two countries and negatively affect the traditionally good relations between the peoples of Vietnam and China. The Philippines joined the protest.

Jan 28 18:51

Silk Dragon Takes Persian Road by Pepe Escobar

china makes deals

snip: Translation: business, business, business. And no Chinese interference in fractured Middle East politics.

Xi’s diplomatic offensive, a spin-off of One Belt, One Road, seeks no less than reconfigure the Non-Aligned Movement (NAM) – for which China is a global champion – in the context of emerging new financial architecture, centered on the globalization of the yuan.

That includes the push for the yuan to become one of the world’s reserve currencies; and mechanisms such as the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund, much more attuned to the needs of the developing world than the IMF, the World Bank and even the Asian Development Bank (ADB).

Jan 28 15:23

Controversial French comedian Dieudonné denied entry to Hong Kong, Cyberport shows cancelled

A controversial “hate-speech” comedian with links to the far-right was on a plane back to Paris last night after being denied entry to Hong Kong where he had hoped to perform two shows.

French comic Dieudonne M’bala M’bala was detained by immigration officials at Hong Kong International Airport shortly after 7:30am yesterday after arriving on a flight from Bangkok following a trouble-free show in the Thai capital.

The block on Dieudonne’s entry came after high-level diplomatic interventions by Israel and France, who warned that his planned appearances – at a Cyberport venue last night and tonight – could have led to disorder and even violence if they went ahead.

Jan 28 14:16

Red Ponzi Ticking

Jan 28 10:44

Will America go to war for the Philippines?

In places like the Middle East, where the United States is perceived to be engaged in a gradual strategic retreat, China is on the offensive. The Asian powerhouse has been reaching out to key American allies such as Saudi Arabia and Egypt. as well as to post-sanctions Iran, which is expected to play an even more consequential role in creating a post-American order in the region.

Webmaster's Commentary: 

The spin is that China is "invading" our turf, but the US is a collapsing empire and it is natural for other nations to move into the vacuum created by the fall of the US.

Jan 28 10:40

China claims successful monkey head transplantation, op on human scheduled for 2017

Chinese scientists claim they’ve carried out the first successful head transplant on a monkey.

Jan 28 09:24

Good Relationship With Russia, China ‘Would Be Great' for US - Trump

US presidential hopeful Donald Trump said that it would be great if Washington had a good relationship with Russia and China.

Webmaster's Commentary: 

Trump is the only candidate who will pull the US back from the brink of war with Russia and China. All the other candidates want to shove us over that edge.

Jan 27 10:52


Jan 26 17:41

China warns George Soros against going to 'war' on its currency

China has officially issued a warning to George Soros: Beware of going to "war on the renminbi." The message comes in a piece published in China's People's Daily titled "Declaring war on China's currency? Ha ha." People's Daily is the Communist Party's mouthpiece.

Jan 26 13:40

China Warns Soros Against Starting A Currency War: "You Cannot Possibly Succeed, Ha, Ha"

George Soros may have broken the BOE and may well have been at least partially to blame for the Asian Financial Crisis, but he will not win an FX battle with the PBoC. At least that’s Beijing’s message to the billionaire, as conveyed via a characteristically hilarious “op-ed” in the People’s Daily entitled “Declaring war on China’s currency? Ha ha”

Webmaster's Commentary: 

Soros has his little fun and the rest of the world suffers for it.

Jan 26 10:58

New Beijing-Tehran Axis in the Making

The strategic relationship that matters is Beijing-Tehran – from the energy sphere to Eurasia integration via One Belt, One Road. But Beijing also needs Saudi oil

Jan 26 08:58


Jan 26 03:13

China Will Get Iranian Oil

China Will Get Iranian Oil After Obama Lifted Sanctions

China could reap the benefits of President Barack Obama’s lifting of sanctions on Iran after the two countries agreed Saturday to increase their oil trade over the next decade.

Jan 25 17:59

First Monkeys with Autism Created in China

Scientists in China say they used genetic engineering to create monkeys with a version of autism, an achievement that could make it easier to test treatments but that raises thorny practical and ethical questions over how useful such animal models will be. Neuroscientist Zilong Qiu of the Shanghai Institutes for Biological Sciences says his team has generated more than a dozen monkeys with a genetic error that in human children causes a rare syndrome whose symptoms include mental retardation and autistic features, such as repetitive speech and restricted interests.

Jan 25 13:48


Ecuador is planning to auction off three million of the country’s 8.1 million hectares of pristine Amazonian rainforest to Chinese oil companies, Jonathan Kaiman of The Guardian reports. The report comes as oil pollution forced neighbouring Peru to declare an environmental state of emergency in its northern Amazon rainforest. Ecuador owed China more than $7 billion — more than a tenth of its GDP — as of last summer.

Jan 25 10:25

Good News, World! You Can Stop Worrying About the South China Sea!

I guess it’s understandable. A more accurate characterization of the South China Sea as “a useful but not indispensable waterway for world shipping whose commercial importance, when properly exaggerated, provides a pretext for the United States to meddle in Southeast Asian affairs at the PRC’s expense” is excessively verbose and fails to convey a sense of urgency.

The kicker, of course, is that the lion’s share of the $5 trillion is China trade, and most of the balance passes through the South China Sea by choice and not by necessity.

In other words, the only major power with a vital strategic interest in Freedom of Navigation in the South China Sea is the People’s Republic of China. And the powers actually interested in impeding Freedom of Navigation down there are…pretty much everybody else, led by the United States.

Jan 25 07:49

China's 'Collapsing' Economy Grew 6.9% in 2015

Doubtlessly the number is inflated by misallocated boom growth and accounting tricks, but even just half the reported number still puts Beijing growth well ahead of any major economy

Jan 25 07:45

Chinese Furious after Saudi Crown Prince Shuns Meeting with President Xi

Being concerned about operation of the terrorist groups in the region, the Chinese president was interested in holding a meeting with the Saudi crown prince - who is also in charge of the country's domestic security as interior minister - but arrangements for the meeting failed, a source said today.

During the first day of his visit to Riyadh on January 19, President Xi met with Deputy Crown Prince Mohammad bin Salman who is also Saudi Arabia's Defense Minister.

President Xi Jinping also met Saudi King Salman in Riyadh and then inaugurated a joint-venture refinery in Yanbu Industrial City on the Red Sea on Wednesday.

The source said arrangements for the meeting with the crown prince failed due to internal differences and rivalries between Mohammed bin Nayef and his deputy Mohammad bin Salman who is the King's son and has high aspirations to topple the Crown prince to replace him.

Jan 25 07:44

Chinese President Xi in Tehran

China is Iran’s largest trading partner, including oil and gas, along with billions of dollars in other products and services.

On Friday, President Xi Jinping arrived in Tehran, officially welcomed by Iranian President Hassan Rohani.

The visit was the first by a Chinese head of state in 14 years, Jiang Zemin the last one in 2002, early in the post-9/11 era, featuring endless US imperial wars, along with hostile anti-Russian/anti-Chinese policies.

Presidents Xi and Rohani seek closer ties, Xi signalizing a new chapter in bilateral relations. Iran’s IRNA news agency quoted him saying:

Jan 22 15:05

China prepares nuclear strikes against US

Lyle Goldstein, Associate Professor in the China Maritime Studies Institute at the U.S. Naval War College in Newport, Rhode Island, claims in his article for the National Interest that China is ready to deliver a nuclear strike on the US territory. One particular graphic of the Chinese ballistic missile strikes by nuclear-armed rockets against the United States, published in the Naval & Merchant Ships counts for a lot! There are even marked the best points for a hit in New York, that would make the Chinese nuclear arsenal more effective. The Chinese Navy is also being developed on a long-term horizon and is being equipped with nuclear capabilities. This data, according to the National Interest, confirms that Beijing works on some of its far-sighted nuclear plans to become a reality one day.

Jan 22 09:46

China braces for record cold snap with temperatures expected to drop to minus 30

SCHOOLS have been suspended and emergency workers put on standby in China as the country braces for historically cold weather, including 30-year lows in places, the government and state media said on Thursday.

Jan 22 07:14

Russian Navy to hold drills with China, Egypt, India this year — deputy commander

Russia’s Fleet will take part in a range of international naval exercises this year jointly with China, Egypt, India and other countries, the deputy commander-in-chief of Russian Navy said on Thursday.

"To continue work on strengthening ties with the naval forces of foreign countries in 2016 a number of joint drills have been planned: with the Navies of China, Egypt and India," Alexander Fedotenkov said.

Joint drills will also be held for the first time between Russia, Azerbaijan and Kazakhstan, he added.

Jan 21 19:28

China Wants to Issue Its Own Digital Currency

China’s central bank plans to issue its own digital currency “as soon as possible,” according to Xinhua. The People’s Bank of China made the announcement at a conference on digital currency in Beijing.

Jan 21 15:33

Chinese Debt Bubble About to Burst

Economist James Henry and Ho-fung Hung say China's debt-to-GDP ratio above 240% is an indicator that there is a major disconnect between the market and the real economy.

Jan 21 09:57

Vietnam Warns China Not Drill for Oil in Disputed Area

Following a recent rig settlement by Beijing, Vietnam has demanded that China not drill for oil in disputed waters to avoid a repeat of the 2014 deadlock over resource exploration and extraction in the South China Sea.

Jan 21 09:00

Why America Should be Worried About China’s New Military Base in Africa

China’s plans to build a military base in Djibouti could be the first step toward Beijing’s deeper involvement in Africa – a strategy that should make the United States "very nervous," according to journalist James Poulos.

Webmaster's Commentary: 

Africa is the world's largest chunk of undeveloped resources; resources coveted by US corporations. So, hate the Chinese and say goodbye to your military age children!

Jan 21 08:50


Remember when Bitcoin and its digital currency cohorts were slammed by authorities and written off by the elite as worthless? Well now, as the war on cash escalates, officials from The IMF to China are seeing the opportunity to control the world's money through virtual (cash-less) currencies. Just as we warned most recently here, state wealth control is the goal and, as Bloomberg reports, The PBOC is targeting an early rollout of China's own digital currency to "boost control of money" and none other than The IMF's Christine Lagarde added that "virtual currencies are extremely beneficial."

These limits are broadly called “capital controls.”



Jan 21 06:05

Every false flag in the making is detected ahead of time by somebody’s intelligence services

Every false flag in the making is detected ahead of time by somebody’s intelligence services—usually more than one country—because spying today is so effective and so universal. Officials in possession of this secret information often pass it on to the country that’s targeted, in the sincere belief that a heads-up will be appreciated.

But often the information isn’t welcomed—-because the fix is already in. Treasonous assets within the targeted country’s chain of command, who are prepared for the possibility of a leak, take measures to block the information from reaching those who might act on it in a meaningful way.

Jan 21 00:09

US attempts to put pressure on China hopeless

The United States demanded China should stop supplying oil to North Korea and terminate imports of anthracite from North Korea, the Japanese newspaper Asaji wrote. The US gave a reason for its requirements: sanctions for the fourth nuclear test that the Democratic People's Republic of Korea (North Korea) conducted on January 6... "China reacts very badly to ultimatums. One can only negotiate with China. As for anthracite, North Korea supplied 15.5 million tons of it to China in 2014 worth $115.5 million dollars. The shipments made up about 40 percent of the total volume of North Korean exports. Anthracite is coal. The Chinese provinces that are located close to North Korea, use coal in their industry. This is a matter of economic import only," said Sergey Lukonin. "If the Americans discuss this question instead of presenting their claims as an ultimatum, then this issue could be resolved," the expert added.

Jan 20 15:44

China Flexes Muscles At Shanghai Gold Exchange

The New Cold War between West and East has already become a Luke-Warm War , and it threatens to become a full-fledged “hot” war. After years of passively reacting to Western crime and aggression; both China and Russia have shown an increasing tendency to adopt a more proactive stance. On the economic front, China has leaped into the international gold market, suddenly and decisively .

Jan 20 15:42

China-led Asian Infrastructure Investment Bank Opens Without the US

Mark Weisbrot of CEPR says the institutions of global governance, especially the ones that have actual power, have historically been controlled by the United States - this bank marks a departure from that trend.