CHINA | WHAT REALLY HAPPENED

CHINA

Feb 28 09:15

Russia Could Make China King of the South China Sea

America should think twice about arming Ukraine as Russia could easily help China achieve its dreams in the South China Sea.

Feb 28 08:38

What the BRICS plus Germany are really up to?

Winston Churchill once said, “I feel lonely without a war.” He also badly missed the loss of empire. Churchill’s successor – the ‘Empire of Chaos’ – now faces the same quandary. Some wars – as in Ukraine, by proxy – are not going so well.

And the loss of empire increasingly manifests itself in myriad moves by selected players aiming towards a multipolar world.

So no wonder US ‘Think Tankland’ is going bonkers, releasing wacky CIA-tinted “forecasts” where Russia is bound to disintegrate, and China is turning into a communist dictatorship. So much (imperial) wishful thinking, so little time to prolong hegemony.

Feb 28 08:36

China’s hypersonic strike vehicle ‘in 3d test flight’

China has reportedly conducted a third flight test for its new ultra-high speed strike vehicle – capable of travelling at up to eight times the speed of sound, in what experts suspect is part of the development of its strategic nuclear program.

The test flight, monitored by US intelligence services this week, was the third in a series of tests of the Wu-14 hypersonic glide vehicle—a high-accuracy, high speed projectile, reports the Washington Free Beacon. The first two were conducted earlier this year.

Feb 27 07:56

"Naftogaz" will take a loan from China's $ 3.6 billion

Google Translate: It is noted that the National Bank of China agreed to provide "Naftogaz" credit under government guarantees.

About 60% of the loan is for the purchase of Chinese equipment, 40% will be spent on increasing the efficiency of the mechanical engineering sector.

Earlier it was reported that the Russian Ministry of Energy expects "Naftogaz Ukrainy" timely advance payment for gas in the Brussels agreement.

Feb 27 07:56

Russia is ready to give China more than 50% stake in the oil and gas fields

Google Translate: Dvorkovich said that the Russian government may consider the application of Beijing for a 50% stake in the project, if any, will come from Chinese partners, and political obstacles that work under such conditions he sees.

Feb 27 07:51

Chinese New Years Photos Show Off Liaoning Aircraft Carrier

Lining up 1,400 Chinese sailors and aircrew members on the country’s first aircraft carrier offers a bit of perspective on the carrier’s massive scale.

The sailors and air crew lined up on the ski jump of the Liaoning for a video celebrating the Chinese New Year, the year of the goat. Photos from the video offer the latest shots of the aircraft carrier first published in the U.S. by Jeffrey Lin and P.W. Singer in Popular Science.

Feb 27 07:50

Is fascist America ready for total war against Russia and China?

The debate to mark the 70th anniversary of victory over fascism and the adoption of the UN Charter has recently taken part in New York. Yet, fascism as the destruction of a certain category of humans for the sake of exceptionalism of another category of humans has become the state ideology of the United States. To make matters worse, the UN does not fulfill its functions of a peacemaker.

Feb 27 07:33

China's Submarine Fleet Now Larger than America's – US Admiral

The Chinese Navy now has more diesel and nuclear attack submarines than America does, a US Navy admiral told lawmakers. Some of them are “fairly amazing” and Beijing is exploring new ways of projecting its power on the seas.

The Chinese are experimenting with new geographic location, length of missions and new weapons, Vice Admiral Joseph Mulloy, deputy chief of naval operations for capabilities and resources, told the House Armed Services Committee's Seapower Subcommittee on Wednesday.

Feb 21 09:02

China Issues Snow Storm, Fog Warnings

China's national observatory warned on Saturday that a heavy snowstorm is expected to descend in northeast regions while dense fog will envelope some northern provinces.

Feb 20 08:40

NATO member Turkey to buy $3.4 billion worth of incompatible Chinese antimissiles

The Turkish military is determined to buy long-range anti-missile systems from China, even though they wouldn’t be compatible with NATO weapons. Security concerns have been raised by other members of the alliance.

Defense Minister Ismet Yilmaz, in a written statement to the parliament, gave an assurance that the contract would go ahead.

Feb 19 11:44

Greece Is Just the Beginning. ISIS and Ukraine Are Skirmishes: “The Real War is Economic and Currency Related”

Greece alone has the potential to unravel the Euro-zone and shatter the fragile dominoes across the global financial markets. And that’s just one area that is exploding.

Though Russia is taking a hit from the falling gas prices, and the combined effect of sanctions, it has also been furiously stockpiling gold and working with China and the BRICS nations to build a counter-balance to international development and currency manipulation, as SHTF has reported.

Something huge is happening with currencies on the global scene, but it is a quiet war – you won’t hear about it on the mainstream news. Just make sure it doesn’t sneak up on you; instead, be as prepared as you possibly can for whichever why the wind blows and the hammer falls. Have you considered your plan? Have you invested in gold, silver, storables or valuable barter items?

Feb 19 09:09

De-Dollarization Accelerates: Russia Launches SWIFT-Alternative Linking 91 Entities

Back in 2013, The NSA was first exposed for secretly 'monitoring' the SWIFT payments flows. This appears to have been among the last straws for Russia (and others) as far as both NSA spying and dollar domination.

Last year, following threats to remove Russia from SWIFT by the UK, (which SWIFT rapidly distanced its 'independent-self' from), Russia (and China) announced plans to create its own de-dollarized version. In November, Russia detailed the SWIFT-alternative's launch date around May 2015, and just last month, Medvedev warned of "unlimited reaction" if Russia was cut off from the SWIFT payments system.

So the news this week that Russia has launched its own 'SWIFT'-alternative, linking 91 credit institutions initially, suggests de-dollarization is considerably further along than many expected (especially as Russia dumps US Treasuries at a record pace).

Feb 19 08:24

Jim Willie: China is Trying to Wreck Our Economy

The Chinese are trying to wreck the US economy by disrupting its supply chain. They are not just halting Chinese imports into the US economy, they are halting East Asian (Korean, Japanese) ships. All these ships are not unloading.

Webmaster's Commentary: 

The US economy wrecked itself. Willie is just trying to shift the blame, like yesterday's story trying to suggest the Russians are behind the extremely (embarrassing for Al Gore) cold weather.

Feb 18 08:04

Hong Kong leader tells people to act like ‘sheep’

Hong Kong’s unpopular chief executive has infuriated pro-democracy campaigners by using a Chinese New Year message to urge the former colony's citizens to act more "like sheep".

Webmaster's Commentary: 

This is taken out of context. The upcoming Chinese New Year is the Year of the Sheep, which is not viewed by the Chinese in the same negative light as Americans do.

Feb 14 08:34

US Navy ships look to establish Darwin military base, but China won't be happy, warns expert

American warships could be stationed permanently in Darwin as part of the United States military's strategic plan in the region, but an expert warns that will not sit well with China.

US chief of navy operations, Admiral Jonathan Greenert, said the US was considering having a permanent naval base in Australia.

Admiral Greenert recently visited Darwin to inspect facilities and infrastructure which could allow US warships to be based in the Top End.

At an address in Canberra this week Admiral Greenert said the US was "doing a study together with the Australian Defence Force to see what might be feasible for naval co-operation in and around Australia, which might include basing ships".

Australian National University (ANU) Senior Fellow Peter Dean said such a move would be part of the US plan for Asia and would add to the existing US Marine Corps presence in Darwin.

Webmaster's Commentary: 

It will be interesting to see how much pressure, both overt and covert, that China will bring to bear on Canberra to prevent this from happening.

Feb 11 07:56

Russia to take over presidency in BRICS Business Council on April 1

The summits of the Shanghai Cooperation Organization and BRICS countries are scheduled to be held in Ufa, the capital of Russia’s Volga republic Bashkiria, on July 8-10, 2015

Feb 10 18:32

“Grave” repercussions for NATO if Greece turn to Russia

Kammenos, who is a member of the Independent Greeks, the right-wing party who formed a coalition with left-wing Syriza after they failed to secure a majority in January’s elections, warned that: "Plan B is to get funding from another source. It could be the United States at best, it could be Russia, it could be China or other countries."

Feb 09 09:29

China and Russia-led Eurasian Economic Union may set up free trade zone

China may establish a free trade zone with the Eurasian Economic Union (EEU) in the future, says the Russian Ambassador to China Andrey Denisov. It would make trade with Russia, Belarus, Kazakhstan, Armenia, and soon Kyrgyzstan tariff-free.

“At first the Chinese were cautious about the Eurasian Trade Union; they just needed to make sure that it works. Now they are increasingly showing interest in participation with the union, not just with Kazakhstan, Belarus, Russia, Armenia, and Kyrgyzstan on an individual basis, but with the union per se,” Denisov told RIA in an interview published on Monday.

As far as I know they [the Chinese – Ed.] offered us, the members of this Union –EEU – to think long-term about the creation of a free trade zone. Well, this is probably the case, even if it’s far off in the future.

Webmaster's Commentary: 

Congrats, all those folks who thought sanctioning Russia would be a great idea; because all this has done is push Russia further toward China and Central Asia, both economically and militarily.

Oh, and by the way... the dollar is getting dropped more and more frequently in international trade as well, thanks to the sanctions.

DON'T YOU FEEL PROUD OF BEING PATHOLOGICALLY INCAPABLE OF THINKING ANYTHING THROUGH TO ITS LOGICAL CONCLUSION?!?!?!?

Feb 06 13:06

Rinat Akhmetov's Corum Group Signs Billion Dollar Deal to Export Donbass Coal to China

Rinat Ahkmetov's Corum Group has signed a mutli-billion deal to export coal from the disputed Donetsk and Luhansk Republic's to China. Looks like this could be game over for Ukraine.

Feb 03 12:58

Chinese 'Silk Road' Initiative to Diminish US Role in Eurasian Region

By welcoming India and Russia to participate in its "One Belt, One Road" project, Beijing dealt the final blow to Washington's idea to create a US-controlled New Silk Road in Eurasia.

Feb 03 09:54

Gazprom Discusses Long-Term Loans With Chinese Banks

Deputy Chairman and head of the Gazprom finance and economics department said that Russian energy giant is discussing long-term loans with several banks, including in China and other Asian countries.

Feb 02 09:36

Globalism Wins as Israel Plans “Free Trade” With Putin, Beijing

As the world is increasingly divided up into geographic “regions” under regional regimes cobbled together under the guise of pseudo-“free trade,” Israeli authorities are now quietly working to create what they call “free trade zones” with both the Communist Chinese regime and the Kremlin-dominated Eurasian Economic Union (member countries shown in green). The negotiations, officially announced this week, come as globalist plotters around the world accelerate their now-open efforts to subvert national sovereignty at a regional level — all on the road toward what top officials from Beijing and Moscow to London and Washington, D.C., regularly and openly refer to as their “New World Order.”

Feb 01 10:25

Hong Kong pro-democracy protesters return to streets

Thousands of pro-democracy activists have returned to the streets of Hong Kong for their first big rally since mass protests last year.

But the number of protesters - put by organisers at 13,000 but by police at half that figure - was far lower than the earlier demonstrations.

Their key demand is fully democratic elections for the territory's leader.

Feb 01 09:11

Russian aggression and the BBC’s drums of nuclear war

The drums of war are beating on the BBC and other mass media, writes Oliver Tickell – naked propaganda about fictitious ‘Russian aggression’ intended to soften us up for a war that could wipe out life on Earth.
We must refuse to fall for the endlessly repeated lies, and tell our politicians that our highest priority of all is peace.

Webmaster's Commentary: 

My reply to BBC and indeed all corporate media. Feel free to use as a template for your own emails.

Corporate media assured us that the USS Main was sunk by a Spanish mine in Havana Harbor, even though Captain Sigsbee reported the cause as an on-board fire. This story of a Spanish mine by the corporate media allowed President McKinley to trick the American people into the Spanish American war. An investigation carried out by Admiral Hyman G. Rickover, the father of America's Nuclear Navy, confirmed Sigbee's report. There had been no Spanish mine.

Corporate media assured us that the Lusitania was not carrying weapons when it was sunk by a German U-Boat, even though the German government had taken out ads in the New York papers warning passengers not to sail on that ship. This story of the sinking of an innocent passenger ship allowed President Woodrow Wilson to trick the American people into World War 1 and divert the war from the original belligerents, Austria-Hungary and Serbia, into a war against Germany. In the 1980s, divers entered the hold of the Lusitania and confirmed it had been smuggling weapons of war to Britain.

Corporate media assured us that North Vietnam launched a torpedo attack against the USS Maddox in the Gulf of Tonkin in August 4th, 1964. Even though Captain Herrick reported that the sonar detection of torpedoes by the Maddox had been an error by an inexperienced sonar operator, the claim of a torpedo attack allowed President Johnson to trick Congress into escalating the Vietnam war.

Corporate media assured is Saddam Hussein had nuclear weapons. Need I say more?

So why would anyone believe the corporate media today when they assure us Russia has invaded Ukraine?

Jan 30 08:13

Reagan Economist: Washington Will Do Anything It Can To Stop BRICS

Jan 29 08:57

Chinese yuan now top 5 major intl payment currency

The Chinese currency is the 5th most-used currency in international payments, according to the SWIFT network responsible for international financial transactions. Breaking into the top 5 is symbolic to balance dollar-denominated payments.

Jan 28 12:20

US Military Budget Increase directed against Russia, China and the Middle East. Michel Chossudovsky

A substantial share of the increase in the US military budget that President Barack Obama has asked for will ultimately be directed against Russia, a political commentator says.

“I should mention that the F35, the submarines, the ships and so on are ultimately directed against China and Russia,” Michel Chossudovsky, the founder and director of the Centre for Research on Globalization (CRG) told Press TV on Wednesday.

Jan 28 09:19

AU, China agree big infrastructure deal

Addis Ababa - China and the African Union agreed on Tuesday an ambitious plan to develop road, rail and air transport routes to link capitals across the continent.

African Union chief Nkosazana Dlamini-Zuma praised the proposal at "the most substantive project the AU has ever signed with a partner", although the ambitious project that includes highways and high speed railways is at present just a commitment to develop the infrastructure, and contains few details.

The memorandum of understanding was signed at AU headquarters in Addis Ababa, ahead of a summit meeting of the leaders of the 54-nation pan-African bloc on Friday.

Webmaster's Commentary: 

IF fully implemented, this agreement could mean substantial economic growth for Africa, and a real coup for Chinese business entities.

Jan 27 13:03

Iran's central bank stops US dollar transactions, adopts RMB

Iran's central bank has announced that it will stop mutual settlements in the US dollar with other countries, with the Chinese yuan or renminbi being named as one of the alternatives.

Jan 27 12:24

Bank executive, 31, jumps to death from workplace ‘after dispute with girlfriend’

A 31-year-old man jumped to his death from a bank tower in Hong Kong's Central this morning after an argument with his girlfriend, according to a police source.

The man, identified by the source as Lui Yau-man, was wearing a business suit when he was found lying unconscious on an elevated platform by security guards at the Citibank Plaza at around 7.30am.

The source said Lui worked as an assistant vice-president in the risk-management department of Industrial Bank.

Webmaster's Commentary: 

I am not buying 'argument with girlfriend.'

Jan 23 14:46

Maintain Economy - China refuses to Saudi Oil

Webmaster's Commentary: 

In short, increased Russia/China oil cooperation may have added pressure for Saudi Arabia to lower oil prices.

Jan 23 12:05

LaRouche Warns: Wall Street's Growing Desperation Is Fueling Global Thermonuclear Showdown

Wall Street is on the edge of another financial tsunami, and this is driving the world towards general war, with the latest provocations in Ukraine serving as the immediate trigger for confrontation with Russia.

As Citibank was the latest of the Wall Street too-big-to-fail banks to post serious fourth-quarter losses, and as the Wall Street banks were announcing 50,000 layoffs, half-way around the globe the Ukrainian government was launching new provocations against Russia, meeting with top NATO generals and announcing a draft to call up 100,000 new troops to launch a military offensive against its own citizens in eastern Ukraine.

Jan 21 07:58

Russia To Collapse Dollar, White House Prepares For Civil Unrest

Is the Pentagon preparing for civil unrest in the United States?

With the Russian Ruble about to collapse Russia and China are pushing for a collapse of the U.S. dollar. It’s a race between the superpowers to see which currency will collapse first.

Experts have said that the U.S. and Europe cannot survive for much longer, and with Russia’s economic surplus, its looking likely that the Ruble will out-live the dollar.

Jan 20 11:29

Russia and China ‘Furiously’ Buying Up Gold

A larger global currency shift is underway.

And it may be happening much more quickly than anyone has realized.

Things are definitely in motion. Call it a game of musical chairs, or an exercise in rearranging chairs on the Titanic, or just that a tilting balance of power. Just don’t make the mistake of thinking this is all routine.

Webmaster's Commentary: 

I invested in gold coins, but I discovered that they lose their value if you eat the chocolate part inside!

Jan 20 10:47

China’s Undisclosed Gold Reserves: A Dagger Pointed At The Heart Of The Dollar

China has a 4-way global gold supply domination strategy. And it’s starting to corner the market.

First, China buys physical gold in world markets, fabricates it where necessary into “good delivery” bars – in Switzerland or the Middle East – then ships the bullion, transparently through Hong Kong or Shanghai (or quietly through Beijing and other ports of entry).

Second, it keeps virtually all domestically mined gold “in house.”

Jan 19 13:14

Chinese Stocks Crash Most Since Feb 2007, Futures Limit-Down After Regulatory Crackdown On Margin-Trading

*SHANGHAI COMPOSITE HEADS FOR BIGGEST LOSS SINCE FEBRUARY 2007
*CHINA CSI 300 INDEX FUTURES FALL BY 10% LIMIT

Jan 18 22:12

Will China be the next forex peg to break?

The surprise move by Switzerland to scrap its currency ceiling against the euro EURCHF, +0.76% last week is a reminder there can be unexpected collateral damage from central banks waging currency wars. As markets digest last week’s turmoil, expect focus to turn to other fault lines on the global currency map.

Here China stands out, as like the Swiss, it runs an implicit currency peg that is becoming increasingly painful to maintain.

Jan 16 07:48

Vietnam hopes to further promote ties with China: official

Vietnam highly appreciates the comprehensive strategic partnership of cooperation with China and hopes to join hands with China to further promote a stable, healthy and sustainable relationship for the fundamental and long- term benefits of both sides, a Vietnamese official said on Thursday.

Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh made the remarks at a reception held by the Chinese Embassy to mark the 65th anniversary of the establishment of diplomatic ties between Vietnam and China.

Jan 15 20:59

Shanghai gold deals get a boost as WGC sets bullion free trade zone

The World Gold Council (WGC) and the Shanghai Gold Exchange (SGE) signed Thursday a memorandum of understanding to develop a Shanghai free trade zone for bullion and so encourage foreign participation in China's tightly controlled gold market.

The parties say they will support the development of both domestic and international gold trading in the Asian nation by “leveraging the opportunity provided by the internationalization of the Chinese gold market, through the Shanghai Free Trade Zone, to support market expansion”, the WGC said.

Jan 15 07:15

Russia’s presidency aims at turning BRICS into full-fledged cooperation tool

One of the major goals of Russia’s presidency will be implementing the BRICS decisions on setting up its own financial institutions, namely the New Development Bank and a currency reserve pool

Jan 09 11:24

Russia and China: The Dawning of a New Monetary System?

China, leading member of the BRICS, is lining up the bloc of the BRICS and that of the SCO – and their currencies – to support Russia in need. Currency swaps between Russia (ruble) and China (yuan) for an initial US$ 25 billion equivalent have already been implemented, to allow direct transactions between the two countries. Similar swaps are under way between China and Russia with other countries, primarily the BRICS and the SCO (Shanghai Cooperation Organization) members – including the soon to become new members – Iran, Pakistan, India (also a BRICS member) and Mongolia – and possibly in some not too distant future also strategically located NATO member Turkey.

Jan 07 10:13

The greatest trick Obama ever pulled was convincing the world America isn’t still at war

The holiday headlines blared without a hint of distrust: “End of War” and “Mission Ends” and “U.S. formally ends the war in Afghanistan,” as the U.S. government and Nato celebrated the alleged end of the longest war in American history. Great news! Except, that is, when you read past the first paragraph: “the fighting is as intense as it has ever been since the U.S.-led invasion in 2001,” according to the Wall Street Journal . And about 10,000 troops will remain there for the foreseeable future (more than we had a year after the Afghan war started ). Oh, and they’ll continue to engage in combat regularly . But other than that, yeah, the war is definitely over.

Webmaster's Commentary: 

And I can nearly guarantee you; the current wars are prologue for future wars, potentially against China and Russia to prevent the end of dominance by the US dollar.

The US government is financially on the ropes, and the only way the members of this government have known, historically, to get off those ropes, is to wage war.

This country experienced two massive depressions, followed, inevitably by war. Although the presstitutes dare not mention it, we are in another massive recession right now, because all the decently paying jobs, which used to support this country's middle class, have been offshored/outsourced to places with nearly slave labor wages.

And please, if you don't believe me, take a look at this; last year, Charlie Rangel, the senior Congressional Representative from New York, introduced a bill to reinstate the draft; but this time, should this be passed, it will be coming for both our sons and our daughters. When last I checked this month, it is still in Committee, waiting for the "right emotional moment" to be passed.

Jan 05 08:40

The Chinese are Coming: Beijing in the Balkans and Eastern Europe

The chatter about Beijing’s economic surge coincided well with its Balkans drive, yet another means by which the Chinese business juggernaut is seeking satiation. Chinese diplomats and figures are not strangers to the region.

Last month, Beijing exerted its already noted muscle in the southern European, Balkans region, holding discussions with Serbian counterparts on further financial involvement. The point of convergence was the Central and Eastern European-China summit, continuing last years 16+1 initiative begun in Bucharest.

Webmaster's Commentary: 

To minimize the time goods get from China and Asia to Europe will also make those goods more attractive, from a price point perspective, to potential European companies.

Jan 03 11:01

Russia Is Building a Train That Will Zip From Moscow to Beijing In Just 48 Hours

Russia plans to build a new high speed railway, with trains that would speed from Moscow to Beijing in just 48 hours. At the moment, it takes about seven days to commute between the two cities and the route requires changes. According to Romanian website Glasul, the Kremlin has awarded the project to China Railway High-speed (CRH), a subsidiary of the state-controlled China Railway (CR), which is working in a joint-venture with the local firm Uralvagonzavod. CR is famous in the train industry for operating the world's only magnetic levitation train in an urban area, the Shangai monorail.

Jan 01 08:20

NATO aims new advanced nuclear strike force at Russia China

Under the public radar , NATO is modernising its tactical nuclear arsenal. Moscow's latest tests of intercontinental missiles and its parading of nuclear capable strategic bombers have rightly prompted international concern. In December 2014, Russian Foreign Minister Sergei Lavrov implied that Russia might be moving nuclear weapons to Crimea. From violations of airspace to near mid- air collisions, the number of incidents between Russia and NATO has soared dramatically, increasing the danger of an unintended escalation. Yet, it is rarely mentioned that NATO, too, is back in the game of nuclear deterrence.

Dec 30 16:44

The Great Firewall: China Permanently Shuts Down Google, Gmail and Other Services On Mainland

Google’s Gmail was blocked in China after months of disruptions to the world’s biggest email service, with an anti-censorship advocate suggesting the country’s “great firewall” was to blame.

Large numbers of Gmail web addresses were cut off in China on Friday, according to GreatFire.org, a China-based freedom of speech advocacy group. Users said the service was still down on Monday.

“I think the government is just trying to further eliminate Google’s presence in China and even weaken its market overseas,” said a member of the group who uses a pseudonym. “Imagine if Gmail users might not get through to Chinese clients. Many people outside China might be forced to switch away from Gmail.”

Webmaster's Commentary: 

China has set up their own search engines and mail providers to allow the Chinese people to web surf and communicate without the US Government spying on them. Russia has also done this.

Dec 29 07:26

False Flagging the World towards War. The CIA Weaponizes Hollywood

Almost all wars begin with false flag operations.

The coming conflicts in North Korea and Russia are no exception.

Mass public hysteria is being manufactured to justify aggression against Moscow and Pyongyang, in retaliation for acts attributed to the North Korean and Russian governments, but orchestrated and carried out by the CIA and the Pentagon.

Dec 27 09:42

Breaking News: China Destroys 3 US Shipments of GM Corn

Could the global tide in support of GMOs be turning? A new report reveals that the formerly pro-GMO Chinese government, one of the largest consumers of GMO food crops in the world, is beginning to crack down on GM corn shipments from the US that have not followed appropriate biosafety regulations.

According to a news brief released today by GMWatch.org, China destroyed three shipments of GM corn imported from the US.

Dec 27 09:04

Putin: It Is Time To Play Your Ace In The Hole

The entire world is watching Putin play poker with the Western politicians lead by Obama and followed by Washington quislings in London, Brussels and Berlin. America's goal since the end of the Cold War has been to weaken by financial, economic and, if necessary, military means any real competition to its global financial and resource domination through the petrodollar and dollar world reserve currency status.

Dec 27 08:40

China Steps In as World's New Bank

Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank may no longer have much meaningful work to do.

Beijing's move to bail out Russia, on top of its recent aid for Venezuela and Argentina, signals the death of the post-war Bretton Woods world. It’s also marks the beginning of the end for America's linchpin role in the global economy and Japan's influence in Asia.

Webmaster's Commentary: 

"BOMB CHINA! BOMB CHINA! BOMB CHINA!!!" -- Official White Horse Souse

Dec 26 12:19

China to Start Payments With Russia in National Currencies on December 29

The China Foreign Exchange Trade System has announced that since December 29, China, Russia, Malaysia and New Zealand will start the usage of national currencies in mutual transactions. Beijing hopes to make the yuan an alternative to the US dollar in global trade.

Earlier in December, China's Minister of Commerce Gao Hucheng claimed that China could increase the usage of yuan in trade with Russia amid the ruble's depreciation, which falls in line with China's intention to increase the usage of national currencies in international payments in order to weaken the US dollar's dominance in global finance and promote the yuan as an alternative.

Webmaster's Commentary: 

Notice that recently on the non-news presstitute TV shows, North Korea has been increasingly demonized by the US.

Because China has a defense pact with North Korea ( the Sino-North Korean Mutual Aid and Cooperation Friendship Treaty, which lasts through 2021), a US war against North Korea would be a back door to a war with China, to prevent the assent of the yuan in the world economy.

Dec 26 09:07

China Steps In as World's New Bank

Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank may no longer have much meaningful work to do.

Beijing's move to bail out Russia, on top of its recent aid for Venezuela and Argentina, signals the death of the post-war Bretton Woods world. It’s also marks the beginning of the end for America's linchpin role in the global economy and Japan's influence in Asia.

What is China's new Asian Infrastructure Investment Bank if not an ADB killer? If Japan, ADB's main benefactor, won't share the presidency with Asian peers, Beijing will just use its deep pockets to overpower it. Lagarde's and Kim’s shops also are looking at a future in which crisis-wracked governments call Beijing before Washington.

Webmaster's Commentary: 

This is why we see, on the morning corporate presstitute talking head shows, a lot of demonization of North Korea; a military engagement with North Korea opens up a back door to war with China, to attempt to prevent its economic rise from overtaking the US dollar.

Dec 24 09:48

Pepe Escobar On Blowback After Blowback For The "Empire Of Chaos"

At present, the choice between the two available models on the planet seems stark indeed: Eurasian integration or a spreading empire of chaos.

At the same moment that China is proposing a new Eurasian integration, Washington has opted for an “empire of chaos,” a dysfunctional global system now breeding mayhem and blowback across the Greater Middle East into Africa and even to the peripheries of Europe.

Don’t rule out a change in the dynamics of the situation, however. In the long run, it seems to be in the cards. One day, Germany may lead parts of Europe away from NATO’s “logic,” since German business leaders and industrialists have an eye on their potentially lucrative commercial future in a new Eurasia. Strange as it might seem amid today’s war of words over Ukraine, the endgame could still prove to involve a Berlin-Moscow-Beijing alliance.

Dec 24 07:05

Police warn Chinese forgery gangs have learned how to make near-perfect £2 coins… and say the crooks are already flooding Europe with similar fakes

Another investigator told the paper that the China to Italy counterfeit route was 'entirely feasible' and it should ring alarms bells if Chinese gangs were exporting to the country.

Webmaster's Commentary: 

In other words, they do not actually know who is making these fake coins, but China makes a convenient villain.

Dec 23 13:04

WWIII - The Calm Before The Storm

Dec 23 07:39

China condemns cyberattacks, but says no proof North Korea hacked Sony

China said on Monday it opposed all forms of cyberattacks but there was no proof that North Korea was responsible for the hacking of Sony Pictures, as the United States has said.

North Korea has denied it was to blame and has vowed to hit back against any U.S. retaliation, threatening the White House and the Pentagon. The hackers said they were incensed by a Sony comedy about a fictional assassination of North Korean leader Kim Jong Un, which the studio has pulled.

Dec 23 06:55

China reluctant to join U.S. in punishing North Korea over cyberattacks

China said Tuesday there was no proof that North Korea was behind a cyberattack on Sony Pictures Entertainment, signaling its reluctance to side with the United States over the incident, while also rejecting speculation it could have cut off Pyongyang’s Internet access as punishment.

Asked about American requests for help from China to punish North Korea for cyberattacks, Hua Chunying, a spokeswoman for China’s foreign ministry, said the United States and North Korea needed to communicate directly.

She said Beijing had not seen proof of who was behind the attack on Sony. “We need sufficient evidence before drawing any conclusion,” she said at a news conference.

Dec 22 13:18

China Fears Covert Overthrow, Moves to Regulate NGOs

The bill requires overseas NGOs to register with, and be approved by, authorities if they want to set up representative offices or operate temporarily, the official Xinhua news agency reported.

"The bill aims to regulate the activities of overseas NGOs in China, protect their legal rights and interests, and promote exchanges and cooperation between Chinese and foreigners," Xinhua said, citing deputy public security minister Yang Huanning.

All levels of government would have to "provide policy consultation, assistance and guidance for overseas NGOs so that they can effectively and legally operate in the mainland", Xinhua added.

Dec 21 08:47

China Tests Nuclear ICBMs, US Analyst Warns "Arms Control Is Failing To Increase American Security"

China carried out a long-range missile flight test on Saturday using multiple, independently targetable reentry vehicles, or MIRVs, according to U.S. defense officials. As The Washington Free Beacon reports, the test of a new DF-41 missile, China’s longest-range intercontinental ballistic missile, marks the first test of multiple warhead capabilities for China (the DF-41 is capable of carrying up to 10 warheads and has a maximum range of 7,456 miles, allowing it to target the entire continental United States).

Dec 20 09:04

WW3 Countdown | China Moves Against The Dollar

Dec 20 07:37

MEGA BEX ALERT - FOX News: Evidence in Sony hack attack suggests possible involvement by Iran, China or Russia, intel source says

The U.S. investigation into the recent hacking attack at Sony Pictures Entertainment has turned up evidence that does not point to North Korea as the "sole entity" in the case, but rather, raises the possibility that Iran, China or Russia may have been involved, an intelligence source told Fox News on Thursday.

Webmaster's Commentary: 

Dec 20 07:23

Sony hack: China may have helped North Korea, US states

US official states that North Korea responsible for hacking of Sony over The Interview film – and that Kim Jong-un's regime may have had Chinese help

Webmaster's Commentary: 

So, according to US Officials and FOX News, North Korea, China, Russia, Iran, (and everyone else the US needs an excuse to invade) secretly create the most potent cyber-army in the world, then expose the existence of that cyber-army with a pointless attack on a movie studio?

And if you believe THAT one, I have some of Saddam's nuclear weapons to sell you!

Dec 20 07:20

After Sony hack, is U.S. grid next?

Now that U.S. intelligence has blamed North Korea for the Nov. 24 cyber attack on Sony Pictures, there is growing concern that the Hermit Kingdom has the capability of bringing down the vulnerable U.S. national grid system.
Read more at http://www.wnd.com/2014/12/after-sony-hack-is-u-s-grid-next/#uM8SW1GrR...

Webmaster's Commentary: 

Yep; looks like the US is going to pull a 9-11 false-flag to get their wars going again!

This would be a good time for all the "white hat" hackers, who insist they use their powers only for good, to walk their talk and nail the real perpetrators of this war-starting hoax!

Dec 19 10:38

China offers to help Iraq defeat ISIS

Iraqi Foreign Minister Ibrahim Jafari says that his Chinese counterpart, Wang Yi, has made an offer to help Iraq fight Islamic State militants. Beijing has volunteered to assist with airstrikes, though it will not join the US-led coalition against ISIS.

Dec 19 08:02

Frenzied Chinese Stock Buyers Soak Up So Much Liquidity, Central Bank Forced To Intervene, Prevent Seizure

While today's rabid explosion in the S&P500, coupled with a literal break in the NY Fed/Citadel market boosting algo which went haywire in the last moments of trading and pushed the S&P up to 2130 in milliseconds via Kevin Henry's preferred SPY ETF, may be the stuff of market manipulating legends, nothing compares to the far more berserk situation China finds itself in, where a 50% surge in the Shanghai Composite over the past few months - not on improving fundamentals but just the opposite, hopes of massive liquidity injections to halt China's economic hard landing - has found the PBOC scrambling to find a way to, politely, burst the stock market bubble without causing too much pain.

Dec 18 08:20

China Prepares To Bailout Russia

Earlier this evening China's State Administration of Foreign Exchange's (SAFE) Wang Yungui noted "the impact of the Russian Ruble depreciation was unclear yet, and, as Bloomberg reported, "SAFE is closely watching Ruble's depreciation and encouraging companies to hedge Ruble risks." His comments also echoed the ongoing FX reform agenda aimed at increasing Yuan flexibility which The South China Morning Post then hinted in a story entitled "Russia may seek China help to deal with crisis," which which noted that Russia could fall back on its 150 billion yuan ($24 billion) currency swap agreement with China if the ruble continues to plunge, that was signed in October. Furthermore, two bankers close to the PBOC reportedly said the swap-line was meant to reduce the role of the US dollar if China and Russia need to help each other overcome a liquidity squeeze.

Dec 18 07:51

China sets up new $3bn finance fund for Central and East European countries

At a meeting with the leaders of 16 Central and Eastern European countries (CEE) in the Serbian capital of Belgrade on Tuesday, Chinese Premier Li Keqiang announced a new investment fund of $3 billion to facilitate financing in the cash-strapped countries.

Dec 17 10:14

Pepe Escobar, Eurasian Integration vs. the Empire of Chaos

Welcome to the new trans-Eurasia choo-choo train. At over 13,000 kilometers, it will regularly traverse the longest freight train route in the world, 40% farther than the legendary Trans-Siberian Railway. Its cargo will cross China from East to West, then Kazakhstan, Russia, Belarus, Poland, Germany, France, and finally Spain.

The Yiwu-Madrid route across Eurasia represents the beginning of a set of game-changing developments. It will be an efficient logistics channel of incredible length. It will represent geopolitics with a human touch, knitting together small traders and huge markets across a vast landmass. It’s already a graphic example of Eurasian integration on the go. And most of all, it’s the first building block on China’s “New Silk Road,” conceivably the project of the new century and undoubtedly the greatest trade story in the world for the next decade.

Webmaster's Commentary: 

What does Chinese government do to get the things it wants economically?!?

It pushes technology, and drives win/win deals.

What does the US government do to get what it wants economically?!/ It wages wars.

And what is wrong with this picture?!?

BLOODY EVERYTHING.

Dec 15 20:27

Yes, It's Possible For A Gold-Backed Renminbi To Dethrone The US Dollar

“[W]e want to use our reserves more constructively by investing in development projects around the world rather than just reflexively buying US Treasuries. In any case, we usually lose money on Treasuries, so we need to find ways to improve our return on investment.”

– Unnamed senior Chinese official, cited in an FT article, ‘Turning away from the dollar’, 10th December 2014.

Dec 14 18:11

US isolated, BRICS to get greater voting power at IMF

Months after the formation of new financial institutions like the $100 billion BRICS Bank and the China-led Asia Infrastructure Investment Bank, Christine Lagarde, managing director of the International Monetary Fund (IMF), said Friday that the organization is ready to discuss IMF voting reforms without the United States to give BRICS and emerging countries greater voting power.

Lagarde said the IMF is disappointed with the US inaction to ratify the governance and quota reforms and will now move forward without Washington.

“The IMF’s membership has been calling on and was expecting the United States to approve the IMF’s 2010 Quota and Governance Reforms by year-end. Adoption of the reforms remains critical to strengthen the Fund’s credibility, legitimacy, and effectiveness, and to ensure it has sufficient permanent resources to meet its members’needs,” Lagarde said in a statement.

Dec 12 09:02

Yuan Has Real Shot at IMF Blessing on Reserve Status

In late 2015, the IMF will conduct its next twice-a-decade review of the basket of currencies its members can count toward their official reserves. Including the yuan in this so-called Special Drawing Rights system would allow the IMF to recognize the ascent of the world’s second-biggest economy while aiding China’s attempts to diminish the dollar’s dominance in global trade and finance.

Webmaster's Commentary: 

A telling reminder that these private central banks have no loyalty to the nations in which they operate, but are loyal only to themselves and their greed!

Dec 11 13:36

The New Cold War Policy Has Backfired

The world’s geopolitics, major trade patterns and military alliances have changed radically in the past month. Russia has re-oriented its gas and oil trade, and also its trade in military technology, away from Europe toward Eurasia.

The result is the opposite of America’s hope for the past half-century of dividing and conquering Eurasia: setting Russia against China, isolating Iran, and preventing India, the Near East and other Asian countries from joining together to create an alternative to the U.S. dollar area. American sanctions and New Cold War policy has driven these Asian countries together in association with the Shanghai Cooperation Organization as an alternative to NATO, and in the BRICS moves to avoid dealing with the dollar area, the IMF and World Bank austerity programs.

Webmaster's Commentary: 

The United States greatly over-estimated the need other nations have for it, and tried to use that need to coerce compliance, only to find the other nations were perfectly happy to go on about their lives without any entanglements with the US system!

Dec 11 07:26

Hong Kong police haul away protesters from rally site

Hong Kong police began dismantling the city's main pro-democracy site Thursday, clearing away tents and barricades after more than two months of rallies, and hauling off a hard core of protesters who nevertheless vow that their struggle lives on.

Webmaster's Commentary: 

Looks like the US attempt to bring down China (meaning the Yuan) from within has failed.

Dec 10 11:36

China stealth jet could shoot down F-35: Aviation offcial

China’s top aircraft maker says its new stealth fighter has the ability to shoot down US-made F-35 Joint Strike Fighter from the sky.

Webmaster's Commentary: 

Big deal. Anyone can shoot down the F-35! It is a very expensive piece of junk.

Dec 09 08:01

Will China Save The Giant Panda?

They might. If China adopts some of the ecostrategies developed in America.

Webmaster's Commentary: 

Claiming the polar bears were drowning didn't work out, so the Carbonazis are switching to the cuter and cuddlier Pandas as their doomed mascot!

Dec 04 16:33

It’s official: America is now No. 2

Hang on to your hats, America.

And throw away that big, fat styrofoam finger while you’re about it.

There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.

It just happened — and almost nobody noticed.

Dec 04 08:32

Chinese Investors Snap Up Property in Bankrupt Detroit

Bankrupt Detroit’s thousands of empty buildings are being flogged at rock-bottom prices — and Chinese investors are answering the siren call of unbeatable deals, reports NBC News.

Dec 02 08:34

Defending Dollar Imperialism

“No matter what our Western counterparts tell us, we can see what’s going on. NATO is blatantly building up its forces in Eastern Europe, including the Black Sea and the Baltic Sea areas. Its operational and combat training activities are gaining in scale.” Russian President Vladimir Putin

If there was a way the United States could achieve its long-term strategic objectives and, at the same time, avoid a war with Russia, it would so. Unfortunately, that is not an option, which is why there’s going to be a clash between the two nuclear-armed adversaries sometime in the near future.

Webmaster's Commentary: 
Dec 02 08:02

Russia takes Asia Pacific states as key oil and gas partners — ministry official

Russia takes Asia-Pacific states as main partners in the oil and gas sector, director of the department of oil and gas production and delivery at Russian Energy Ministry Alexander Gladkov said at the opening of the Russian stand at the 20th Offshore South East Asia Conference and Exhibition (OSEA 2014) on Tuesday.

Russia “counts on development of mutually beneficial cooperation in this sphere,” he said.

Dec 02 07:30

Hong Kong Protest Leaders Offer Surrender as Clashes Escalate

Three leaders of the pro-democracy protests that have occupied Hong Kong for over two months announced that they planned to surrender to police on Wednesday. Amid escalating confrontations between protesters and police, Benny Tai, Chan Kin-man, and Chu Yiu-ming, who founded the Occupy Central with Love and Peace movement, asked protesters to retreat and stated that they would bear the legal consequences for the demonstrations.

Webmaster's Commentary: 

So the regime-change option to protect the dollar from the yuan and undermine BRICS has cratered!

Dec 01 10:00

China's CX-1 Missile Now Exportable

China’s new CX-1 supersonic anti-ship cruise missile is ready for export to America’s friends and foes alike, with potential markets including Iran, Pakistan and African and South American countries.

On display at the recent Airshow China in Zhuhai, the missile resembles India’s BrahMos cruise missile with a large intake in the nose, referred to as the “axial symmetrical inlet” in the brochure. However, that appears to be the only similarity, according to Chinese-language media outlets, which mention differences in wing, guidance vanes and jet vanes of the two missiles.

Nov 27 08:43

US pressing Chinese and Arab banks to sanction Russia – head of VTB bank

The US is putting pressure on Chinese and Arab banks, forbidding them to work with Russian sanctioned companies, says Andrey Kostin, head of Russia's second biggest lender VTB.

"We have information on Arab countries, China, and others that US officials come, gather the heads of banks and say: "We will punish everyone who is under Russian sanctions," said Kostin, after a meeting organized by the Stuttgart Chamber of Commerce in Germany.

"We need to take this into account. Nobody wants to become BNP Paribas”, he said, meaning the large French bank that was fined $9 billion for violating US sanctions against Cuba, Iran and Sudan.

However, Kostin believes Chinese credit organizations will provide financing for projects that interest them.

Webmaster's Commentary: 

I think the rest of the wor4ld is getting very tired of the US telling them how to run their economies.

Nov 20 08:12

Asian demand for crude to drive switch to renminbi

The increasing demand for crude in Asian countries such as China was enough reason for the region to prepare to pay for trade in the Chinese currency renminbi (RMB), an HSBC official said.

Georges Elhedery, HSBC head, Global Banking and Markets (Mena), noted that the region was slow to adopt RMB since trade between the Middle East and China was still highly dependent on the greenback.

“The Middle East has been slow in adopting RMB but we’re starting to see a shift in the region towards the Chinese currency,” Elhedery told Gulf Times in a meeting with reporters at the HSBC offices in Doha.

He explained that minimal oil and gas exports to the West have made the region dependent on Eastern buyers such as South Korea, Japan, and China, which was critical in setting the international price of crude.

Webmaster's Commentary: 

Yet another nail in the coffin of the US dollar as the global reserve currency.

Nov 18 08:05

Yuan can become dominant world reserve currency – survey

The Chinese yuan can overtake the dollar as the leading international reserve currency, a new poll of institutional investors indicates.

The authors of the survey, conducted by the Economist Intelligence Unit and commissioned by State Street financial services, polled 200 senior executives at institutional investors with knowledge of their exposure to yuan assets. Half of the respondents were from the firms headquartered in mainland China (including Hong Kong and Taiwan) and the other half were based elsewhere.

The report accompanying the survey points out that by the end of 2013, the yuan has risen to become the second-most-used trade financing currency and ninth-most-used currency for payments globally.

Nov 18 08:04

China opens up $4.2tn stock market to world via Hong Kong

The Chinese mainland is now open for business, at least in terms of its $4.2 trillion capital market. The Shanghai and Hong Kong stock exchanges are now linked giving foreign investors access to the tightly-controlled Chinese capital markets.

Nov 17 11:56

Russian Blue Chips Might Dump London En Masse, Re-list in Hong Kong

With East-West relations at rock bottom, Russia's leading blue chip companies are toying with the idea of abandoning the London Stock Exchange as the long preferred venue for listing their shares, and moving to Hong Kong.

Nov 17 09:36

What did the Brisbane G-20 summit accomplish?

President Barack Obama was equally effusive, saying the gathering was not a “chinwag,” an Australian word for meaningless talk. Rather, he said, “it has been a good week for American leadership.” At a press conference, Obama listed expanding trade, a visa accord with China, and “a big advance on climate change” as tangible achievements.

Webmaster's Commentary: 

So the headline accomplishment is a deal to take seriously a problem that was made up in the first place. Left unsaid in this article is the agreement by the G20 to consider bank savings accounts as investments in the bank, subject to loss if the bank gets into trouble.

Nov 16 10:12

NSA monitoring situation: China training Pakistani troops along India border

The report, accessed by PTI, said these military manoeuvres were being conducted at forward defence locations of Pakistan which are usually manned by border guarding personnel– the Pakistan Rangers.

Preliminary inputs analysed by BSF also showed some Pakistan Army units have taken over paramilitary posts of Rangers opposite Sriganganagar sector.

BSF also found a handful of new observation towers have also been set up by Pakistan in recent past along Abohar and Gurdaspur sectors in Punjab.

The BSF intelligence reported that phone intercepts along the border indicate that Pakistan Army and Rangers are planning to deploy snipers and sharp shooters at strategic locations and posts to target Indian soldiers and assets.

Webmaster's Commentary: 

IF, IN FACT THIS REPORT IS TRUE (and note that there is a bit of weasel-wording here), why on earth would China be doing that, and at this point?!?

It appears that Pakistan is attempting to respond to the breakdown of the ceasefire with India, with some help from China; unfortunately, this is being spun as China-sponsored aggression.

Nov 15 09:29

What really happened in Beijing: Putin, Obama, Xi — and the back story the media won’t tell you

Courtis had a curious exchange with Putin during some of the economic forum sessions in Beijing. He asked if Russia would provide North Korea security guarantees if it agreed to renounce nuclear weapons.

Putin replied in part: “Your question is too clever. This is not the moment yet even to raise that question, let alone answer it. Often, the problem in the world is not that small countries, who feel they are under siege, are unwilling to change. Rather, it is that the bigger countries are all piling on like bullies in the school yard – and they don’t know when to stop.”

I hope Kerry and Obama were listening at that moment. As Courtis heard it, “I think Putin was signaling to the West that there will be no more help from Russia with sanctions on North Korea, or anywhere else. One could also read Iran, Syria, Venezuela, etc., into that line of reasoning.”

Nov 14 11:58

China's silky road to glory

If there were any remaining doubts about the unlimited stupidity Western corporate media is capable of dishing out, the highlight of the Asia-Pacific Economic Cooperation (APEC) summit in Beijing has been defined as Russian President Vladimir Putin supposedly "hitting" on Chinese President Xi Jinping's wife - and the subsequent Chinese censoring of the moment when Putin draped a shawl over her shoulders in the cold air where the leaders were assembled. What next? Putin and Xi denounced as a gay couple?

Let's dump the clowns and get down to the serious business.

Nov 13 15:03

Lame duck out of the Silk Road caravan

There’s hardly a more graphic illustration of where the multipolar world is going than what just happened at the Asia-Pacific Economic Cooperation (APEC) summit in Beijing.

Take a very good look at the official photos. This is all about positioning – and this being China, pregnant with symbolic meaning. Guess who’s in the place of honor, side by side with President Xi Jinping. And guess where the lame duck leader of the “indispensable nation” has been relegated. The Chinese can also be masters at sending a global message.

Nov 13 10:14

President Putin Pledges to Increase Trade with China and Asia to Rebuke Sanctions

Webmaster's Commentary: 

Obama faces an impossible task at APEC and the G-20. Russia has products other nations want to buy, while all Obama has to offer is speeches and dubious promises.

Nov 12 14:30

U.S.- China Climate Deal—Less Than Meets the Eye?

Yesterday, U.S. President Barack Obama and Chinese President Xi Jinping issued a "joint announcement on climate change" in which each country made pledges about how they intend to handle future emissions of their greenhouse gas emissions. Mother Jones hailed the announcement as a "game-changer." Maybe not.

Nov 12 10:16

U.S., China Unveil Ambitious Climate Change Goals

The United States and China pledged Wednesday to take ambitious action to limit greenhouse gases, aiming to inject fresh momentum into the global fight against climate change ahead of high-stakes climate negotiations next year.

President Barack Obama announced that the U.S. would move much faster in cutting its levels of pollution. Chinese President Xi Jinping agreed to cap China's emissions in the future — a striking, unprecedented move by a nation that has been reluctant to box itself in on global warming.

"This is a major milestone in the U.S.-China relationship," Obama said, with Xi at his side. "It shows what's possible when we work together on an urgent global challenge."

Webmaster's Commentary: 

THIS is the only thing coming out of these negotiations, as unhinged as it is from actual climate science, because it was the only thing which be seen as an escape and "win" from the other pressing issues on which Obama had "no game" here.

The monetary shift to the Yuan is not going to stop; neither is the increased military spending by the Chinese government and its development of weapons which may at least rival, if nor surpass, those of the US military; nor is China's push to control the South China seas.

In other words, this loose agreement was the only thing that Obama could take away from this conference without looking like an abysmal failure.

Nov 12 09:13

CHINA JAILS CIA’S UIGHUR IMAMS

More recently the CIA surrogate, the State Department’s National Endowment for Democracy, has fanned the flames of unrest in China’s Xinjiang where separatists are calling for a state they dub East Turkistan.?
China has imprisoned around two dozen Uighur Muslim leaders in the western region of Xinjiang for “illegal religious activities.”

The convicted suspects were given prison terms ranging between five and 16 years, according the China’s state-run news service.

Aljazeera reports China is concerned enemies of the state in Xinjiang may receive support from Islamists in nearby Pakistan and Afghanistan.

Webmaster's Commentary: 

The timing of this revelation, with Obama in China for the APEC conference really, really BITES for him!

But attempted destabilization, courtesy of the US government, has always been a tool in its arsenal of "statescraft".

Nov 12 08:20

What China-Japan APEC Talks Could Mean for Investors

Yet it’s clear the country that gave us spectacular double-digit gross domestic product (GDP) growth for years is now struggling. The Chinese economy has already seen its growth slow, coming in at 7.3% in the third quarter, the slowest pace since 2008. And it isnow threatening to fall short of the 7.5% target set by the government. At this point, it doesn’t look like the target will be met. In fact, there are whispers that the target could be cut to seven percent in 2015 if the global economy doesn’t experience a stronger recovery.

Pundits and China bears have been calling for the great collapse of China, specifically in the real estate and financial spaces. Yes, there is softness here, but we have yet to see a bigger crack form. You can bet the Chinese government will do whatever is necessary to reinforce its economy’s weak points. And China can definitely do this, given the fact that the country has about $3.0 trillion in reserves.

Webmaster's Commentary: 

Left unsaid is that China's former growth was powered in large part by exported to the US. But the American consumers are not buying anything from China or anywhere else; their wealth having been stripped away by the war economy and Wall Street money-junkies. This is an inevitable downside to globalism. When one nation starts to fail (the US) it drags down the rest of the world with it.

Nov 11 12:13

China Turns Up the Rhetoric Against the West

Even as his government was making red-carpet plans to host President Obama this week, the Chinese president, Xi Jinping, praised a young blogger whose writing is best known here for its anti-American vitriol.

In one widely circulated essay published by state news outlets titled “Nine Knockout Blows in America’s Cold War Against China,” the blogger, Zhou Xiaoping, argued that American culture was “eroding the moral foundation and self-confidence of the Chinese people.” He compared unfavorable American news coverage of China to Hitler’s treatment of the Jews. In another essay, he said the West had “slaughtered and robbed” China and other civilizations since the 17th century, and was now “brainwashing” it.

Nov 11 12:10

China hoarding gold to challenge U.S. dollar

In a world filled with fiat currencies, how important is gold’s role in the financial system? Proponents often view the precious metal as a hedge against economic chaos, while critics typically claim gold is hardly more than an unproductive rock. Interestingly, some countries appear to believe gold is quite important, and one former Fed chair explains why.

Alan Greenspan, who served at the helm of the Federal Reserve for nearly two decades, recently penned an op-ed for the Council on Foreign Relations discussing gold and its possible role in China, the world’s second-largest economy. He notes that if China converted only a “relatively modest part of its $4 trillion foreign exchange reserves into gold, the country’s currency could take on unexpected strength in today’s international financial system.”

Nov 11 09:09

Petrodollar Panic? China Signs Currency Swap Deal With Qatar & Canada

The march of global de-dollarization continues. In the last few days, China has signed direct currency agreements with Canada becoming North America's first offshore RMB hub, which CBC reports analysts suggest "could double maybe even triple the level of Canadian trade between Canada and China," impacting the need for Dollars.But that is not the week's biggest Petrodollar precariousness news, as The Examiner reports, a new chink in the petrodollar system was forged as China signed an agreement with Qatar to begin direct currency swaps between the two nations using the Yuan, and establishing the foundation for new direct trade with the OPEC nation in the very heart of the petrodollar system.

Nov 11 09:05

Obama urges China to be partner in ensuring world order

U.S. President Barack Obama said on Monday a successful China was in the interests of the United States and the world but Beijing had to be a partner in underwriting international order, and not undermine it.

Webmaster's Commentary: 

"The first thing you have to do to ensure world order is drop the Yuan and adopt the Dollar!" -- Official White Horse Souse

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