CHINA | WHAT REALLY HAPPENED


CHINA

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."

http://asia.news.yahoo.com/rtrs/20090605/tbs-russia-china-swap-21231dd...
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

IS YOUR 'CHEESE GRATER' CHAIR, DESK, RADIOACTIVE? THE LATEST SCANDAL OF ASIAN IMPORTS!!!

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.

n/a
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, Live.com, Hotmail.com, 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.

n/a
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??

Everything!

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

Bloomberg.com -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

http://www.elsalvador.com/mwedh/nota/nota_completa.asp?idCat=6351&idAr...
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

FROM P.N.A.C. TO F.P.I.: THE REINVENTING OF NEOCONSERVATISM FOR THE ERA OF OBAMA.

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.

n/a
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?

Mar 10 05:19

China Reports Falling Prices

The New York Times KEITH BRADSHER March 10, 2009 HONG KONG — Most economists still do not expect the Chinese economy to suffer a broad decline in prices this year, but statistics released on Tuesday did provide disturbing whiffs of possible deflation.

Consumer prices were 1.6 percent lower last month than a year earlier, the first decline since December, 2002, the National Bureau of Statistics announced in Beijing. February’s result represented a precipitous drop from an inflation rate of 8.7 percent in February of last year, when rising prices were a top priority for the Chinese government.

Mar 02 08:25

Chinese coin counterfeiter legal in China

Isn’t he worried that the Secret Service or some other U.S. government agency will come after him for making counterfeit U.S. coins? After all, the coins struck by the U.S. Mint, regardless of date, are all still legal tender, and thus subject to U.S. coin counterfeiting laws. It is illegal for him to sell these coins in the United States, even via eBay.

Jinghuashei responds by claiming that he is operating within the confines of the Hobby Protection Act, a U.S. law that requires all nongenuine numismatic items produced after 1973 to be permanently and conspicuously counterstamped with the word COPY. When informed that his eBay auctions are not in compliance with this law, because he is using a punch that says REPLICA, he seems unconcerned.

Webmaster's Commentary: 

The situation is worse for collectors of ancient coins. There are no laws to prevent crooks from creating fake ancient Roman and Greek coins for sale to collectors. Oddly enough, however, certain historically important known fakes have become more valuable than the originals.

Mar 01 14:53

Recent history: US to China tech/intel transfers to continue?

US, China Agree to Joint Military Exercises
By Al Pessin, 16 July 2008
Admiral Timothy Keating says the understanding was reached during a dinner he hosted in Washington for the commander of China's Guangzhou Military Region, General Zhang Qinsheng.

http://www.skolnicksreport.com/chinesesp4.html
"THE RED CHINESE SECRET POLICE IN THE UNITED STATES",
Part 4 by Sherman H. Skolnick 11/13/02

http://roundtable.truck.net/viewtopic.php?t=8654
Did Bush Sell A Top Secret Spy Plane To China?
Aries II down: Another technology transfer to China
By Al Martin
April 5, 2001—In the continuing effort to make China the bogeyman of the 21st century, Washington has scored yet another coup–the loss of the EP-3E Aries II surveillance aircraft.

Mar 01 14:42

After Clinton's visit, US/China military sharing re-newed

Updated Sunday, March 1, 2009 1:11 am TWN, By Marianne Barriaux, AFP
China, U.S. to resume high-level military ties
BEIJING -- China and the United States agreed to resume high-level military exchanges during talks here that a senior U.S. defense official described Saturday as his best ever.

http://www.chinadaily.com.cn/china/2008-01/14/content_6390335.htm
US admiral's visit to boost ties
By Cao Desheng (China Daily)
Updated: 2008-01-14 06:54
US Pacific Command Commander-In-Chief Timothy Keating Sunday started his second visit to China in less than a year - a trip Chinese observers say would help strengthen military ties between the two countries.

Feb 28 13:39

US Gives China Eminent Domain Over US Property

US Gives China Eminent
Domain Over US Property
Beyond High Treason
A. True Ott, PhD, ND
2-28-9

"BEIJING, China -- Sources at the United States Embassy in Beijing China have just CONFIRMED that the United States of America has tendered to China a written agreement which grants to the People's Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China's continued purchase of US Treasury Notes and existing US Currency reserves.

The written agreement was brought to Beijing by Secretary of State Hillary Clinton and was formalized and agreed-to during her recent trip to China."

Feb 24 15:05

Superficial calm follows rioting over lack of aid for Sichuan earthquake victims

Feb 24 08:39

China bars foreigners from Tibet

Foreign tourists planning to visit Tibet have been told by travel agencies that the region has been closed to outsiders until the end of March.

The month marks the 50th anniversary of the escape into exile of the Tibetan spiritual leader, the Dalai Lama.

In March last year, Tibet witnessed a wave of violent anti-China protests - the worst unrest there for 20 years.

Webmaster's Commentary: 

Maybe the Tibetans don't like living under occupation any more than the Palestinians.

Feb 23 17:42

Obama Sells US To China Inc

Obama Sells US To China Inc
By Cliff Kincaid
AIM Column
2-23-9

With Hillary Clinton having signaled to the Chinese dictators that we will beg for their money and ignore unfair trade practices and even human rights violations, it will be left up to President Obama to seal the deal.

The truth is starting to seep out. Because of the need for more money to finance the latest bailout-the Obama economic stimulus plan-America is going further in debt to the Chinese Communists. Our country is officially being sold to the highest bidder. And we have striking confirmation of this fact from Secretary of State Hillary Clinton.

Feb 23 09:21

Russia defends sinking cargo ship

Russia has expressed its regret over the deaths of eight Chinese and Indonesian sailors whose ship was fired on by Russian forces.

But Moscow blamed last week's incident squarely on the ship's captain.

Feb 22 12:05

Clinton wraps Asia trip by asking China to buy US debt

"Because our economies are so intertwined the Chinese know that in order to start exporting again to its biggest market, the United States had to take some very drastic measures with this stimulus package," Clinton said.

Clinton added: "The US needs the investment in Treasury bonds to shore up its economy to continue to buy Chinese products."

Webmaster's Commentary: 

I think the word "asked" in the headline should probably been replaced by the word "begged". And it is apparent that Clinton didn't really get an answer to that for the Chinese leaders with whom she met.

Feb 19 15:08

Eight feared dead after Russia sinks Chinese cargo ship

Eight crew were feared dead after Russian Coast Guard vessels fired on a Chinese ship that was fleeing port after a dispute over a rice cargo, Chinese and Russian sources said Thursday.

n/a
Feb 09 17:08

Washington Post: The Chinese stole the design secrets to all -- repeat, all -- U.S. nuclear weapons.

I can make a very good guess as to helped them to our nuclear secrets.

Feb 09 11:04

Witness: Top of Beijing luxury hotel 'exploding'

A massive fire engulfed a newly constructed, unoccupied luxury hotel in central Beijing on Monday night as crowds watched a nearby fireworks display to celebrate the end of Lunar New Year.

Webmaster's Commentary: 

Yep.

Any minute that sucker will collapse just like WTC-7.

Any minute.

Any minute now.

Yessir.

Any minute now.

Gonna come right down.

...

Let's go get a beer or something.

Jan 29 09:28

Commentary: Will Obama see sense about nuclear threat?

THE possibility that, in an Obama administration, science will drive rational public policy provides an unprecedented opportunity to deal with a gnawing yet persistently neglected threat to the world: nuclear weapons.

No government is likely to declare how many strategic nuclear warheads it has, but the US and Russia are thought to possess at least 5000 apiece. The 2002 Strategic Offensive Reductions Treaty required each nation to have no more than 2200 "operationally deployed" strategic warheads by 2012, yet this represents no real progress towards disarmament, as the target number is essentially identical to that proposed at the 1997 summit on nuclear arms reduction between Bill Clinton and Boris Yeltsin in Helsinki, Finland.

n/a
Jan 17 04:00

China becomes third largest economy

China overtook Germany to become the world’s third-largest economy in 2007 after the Chinese authorities revised upwards the figures for growth during that year.

Jan 06 22:29

Yuan-settlement test to start

CHINA'S central bank said yesterday that it plans to implement a pilot program that would settle overseas trade with the Chinese currency instead of the US dollar.

Those moves are expected to facilitate overseas trade, as Chinese exporters might face losses if they continue to be paid in US dollars, analysts said.

Dec 21 07:37

“Be Nice to the Countries That Lend You Money”

Americans know that China has financed much of their nation’s public and private debt. During the presidential campaign, Barack Obama and John McCain generally agreed on the peril of borrowing so heavily from this one foreign source. For instance, in their final debate, McCain warned about the “$10 trillion debt we’re giving to our kids, a half a trillion dollars we owe China,” and Obama said, “Nothing is more important than us no longer borrowing $700billion or more from China and sending it to Saudi Arabia.” Their numbers on the debt differed, and both were way low.

Dec 17 09:55

China; Review the old and deducing the new makes a teacher

The remedies proposed by Governments the world over are not working as every real economic indicator confirms. The eternal corrupting influence of Money on Government policies and planning have all but guaranteed that whatever methods are employed to redeem the economy from the whale’s mouth, they will be like drops of rain meeting a river. The one overwhelming factor that does not seem to be factored in to the equation is that to get oneself out of a financial mess one needs financial resources. Not the borrowed kind but the saved kind. This is where China holds an Ace.

Dec 13 23:34

China arrests dozens after riot

POLICE in northern China have detained dozens of people who rioted because they were angry about the compensation paid for the death of a local man, Xinhua news agency said on Saturday.

Dec 04 12:19

Chinese wealth fund turns back on western banks

China Investment Corporation is to put the brakes on making investments in western banks until governments come up with coherent policies to cope with the global economic downturn.

Lou Jiwei, the chairman of the sovereign wealth fund, said today: "Right now, we do not have the courage to invest in financial institutions. We have to wait for the time when there won't be massive collapses of financial institutions."

China had lost confidence in many financial institutions, Lou said, because foreign governments seemed to be changing their policies "every week".

Dec 02 07:52

China reveals 300,000 children were made ill by tainted milk

Nearly 300,000 children were made sick and six may have been killed by milk tainted with the toxic plastic melamine, Beijing has said in a major revision of numbers of those affected by China's worst recent health scare.

...but melamine in US baby formula is safe. Really.

Dec 01 08:48

China's currency falls by record against U.S. dollar

China's currency staged a record loss against the U.S. dollar Monday, falling to the lower end of its daily trading limit, in what some analysts said is a policy shift as authorities let the yuan depreciate against the greenback in an effort to help bolster the decelerating economy.

Nov 01 12:46

Chinese news exposes the Rand Corporations plans to start World War III

Chinese news outlets are frantically discussing a recent meeting between the Rand Corporation and the Pentagon.

The Rockefeller - Ford/Carnegie Foundation controlled Rand Corp. suggests that a war with a major world power will revitalize the economy helping the current banking elite to maintain their control over America.

Nov 01 08:39

China And Russia Hint At Dropping US Dollar

Reports from the Russian media suggest that the country is on the verge of an agreement with China to renounce the US dollar and stop using it in international settlements.

“The recent meeting between Russian Prime Minister Vladimir Putin and his Chinese counterpart, Wen Jiabao, created a financial sensation,” reports RIA Novosti.

“Wen said that the two nations could withstand the global financial crisis if they joined forces; Putin urged him to go farther and stop using U.S. dollars in Russian-Chinese settlements.”

Oct 31 20:32

Watch out for bad Choco-coins

Pirate’s Gold Milk Chocolate Coins, made by Sherwood Brands, have just joined the ever-expanding list of recalled, made-in-China products containing the contaminant melamine.

Oct 29 08:59

Bailouts Continue; China Does It Differently

Alan Greenspan and Ben Bernanke will go down in history as two of the most incompetent Federal Reserve chairmen our country has ever had. Like Mr. Magoo, they blindly drove the stock market and then the real estate market into some of the biggest bubbles our world has ever seen.

Oct 27 00:57

Meet the World's New Reserve Currency: The Chinese Yuan

By Mike Whitney

Oct 09 13:06

Bank of China buys into Rothschild bank

BEIJING: Bank of China Ltd. is buying a stake in French bank LCF Rothschild and says the two will develop private banking and asset-management services for China's newly rich.

China's fast-growing banking industry is eager to expand its foreign ties, and the latest deal announced late Thursday came despite industry turmoil following the failure of Wall Street house Lehman Brothers.

Oct 07 12:54

Judge orders Chinese Muslims freed from Gitmo

WASHINGTON (CNN) -- A federal judge has ordered the immediate release into the United States of a group of 17 Chinese Muslims who have been held in the U.S. military facility at Guantanamo Bay, Cuba, for several years.

WHY NOT FREE THEM ALL? have any charges been filed? gheesh.

Oct 07 10:53

China cancels, postpones military exchanges with US: Pentagon

China has canceled or postponed several military exchanges with the United States in protest against a proposed 6.5 billion dollar arms sale to Taiwan, a Pentagon spokesman has said.

“The Chinese reaction is unfortunate and results in missed opportunities,” said Major Stuart Upton.

Upton said senior level visits and exchanges involving humanitarian assistance, and disaster relief issues that had been scheduled to take place before the end of November, were canceled or postponed.

Oct 07 06:32

China cuts military ties with the US

China has abruptly cancelled several military agreements with the United States in protest at a decision by the US to sell $6.5 billion (£3.7 billion) of arms to Taiwan.

Oct 04 07:21

The new masters of the universe?

"Can you save us? We're here to be rescued!"

That, in a nutshell, was the collective cry of a swarm of American (and European) bankers, auditors, consultants and industrialists that thronged the cavernous halls of the colossal convention centre in Tianjin at the weekend.

Sep 26 02:04

China banks told to halt lending to US banks

BEIJING, Sept 25 (Reuters) - Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.

Sep 19 22:12

China Blames Wall Street Meltdown On Fed Overissuance Of Currency

China’s state media today reports on the real reason behind the Wall Street meltdown and a subject that the mainstream US media dare not mention - the Federal Reserve’s overissuance of currency - which the Chinese say is part of a wider agenda to justify increased control over the global economy.

Sep 19 13:50

China - Hair Bands Made From Used Condoms

BEIJING (AFP) - Used condoms are being recycled into hair bands in southern China threatening to spread sexually-transmittable diseases they were originally meant to prevent, state media reported Tuesday.. Errr.. Recycling anybody?

Sep 19 00:36

America and China Joined at the Hip

By DAVE LINDORFF

18/9/08 "Counterpunch" -- - With the government now having spent over $800 billion in less than a year shoring up tottering financial companies that had become little more than casinos (and rigged ones at that), America is looking increasingly like China, a country where the state has been gradually getting out of the business of directly owning companies.

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