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Chinese Fund Managers Sentenced to Death after Cheating Investors out of 1 Billion USD

HANGZHOU – Two brothers and their father were sentenced to death on Monday for cheating 15,000 investors out of over $1.1 billion in east China’s Zhejiang province. Ji Wenhua, president of the Yintai Real Estate and Investment Group, was sentenced to death for the crime

Gold at $7,000 article goes viral in Chinese media

Dan Collins CMR “Gold going to $7,000”, an article today in the Chinese media is going viral and one of the most viewed articles in the financial press. The article references American Jim Rickards and his concept of comparing inflation-adjusted gold prices. Most Chinese economists

Western paper markets manipulate gold prices lower as China takes the real stuff off the market.

It’s not uncommon for the large Wall Street banks to combine in shorting an entire years supply of minded silver in a single day.The same goes for all commodities. Endless paper printing getting funneled to Wall Street has destroyed all real price discovery. Capitalism fails

“American Collapse Theory” Gaining Ground in China

Dan Collins CMR When I moved to China back in 1998 I was surprised to learn how highly the Chinese thought of America. Of course China was a much poorer place back then but coming from the Detroit area I couldn’t fathom where was all

Chanos is back….This is getting sad

Chanos is back! His short China thesis is very long in the tooth but as it goes with most ego maniacs he cannot accept failure or that fact that he might be wrong. Being wrong on an entire country where you have never visited and

China Car Sales Up 22.6% -The Chinese economy is collapsing?

You have to laugh at the whole “China will collapse crowd” on CNBC and even respected sites like Zero Hedge. Personally, I love the Zerohedge stuff. They understand the ponzi-financial fraud-money printing-welfare state economy that now envelops the West. But China is a real economy,

Cloud Computing in China booming as American giants are pushed out

D.Collins CMR China’s cloud computing market is expected to be worth 37.2 billion yuan (US$6 billion) in 2017 as demand for the service grows, the Chinese-language China Securities Journal reported on Friday. Some American tech companies are watching the largest and fastest I.T. market in

Oil rig dispute could see repeat of Sino-Vietnamese War: report

Breaking News today that a Chinese vessel as rammed and sunk a Vietnamese fishing boat. All countries in the South China Sea and East China Sea are using fishing boats in a game of cat-and-mouse to challenge each other on their respective areas. This time

China now runs 4 of the world’s 5 biggest banks

Stockswatch China has become a banking powerhouse. Four of the five largest banks in the world are Chinese, according to SNL Financial’s latest global bank rankings. It’s a big change from the past few years when only two Chinese banks made the top five. Beijing-based

France relents to China, Chinese police to help patrol Paris streets

Scared of losing the Chinese tourist dollar, France has relented to China and will allow Chinese police on the streets of Paris. More signs of the benefits of third-world immigration into the West to the point where cultural breakdown has occurred and law and order

People’s Bank of China will take down global gold price manipulation

Gold has been flowing East for a decade. When the West wakes up to the fact that their gold is gone, they will no longer have sound money with which to back a currency. The world has only been off a gold standard since 1971

China to lower reserve requirement ratio

From the China Daily… BEIJING – China will lower banks’ reserve requirement ratio (RRR) by 0.5 percentage points starting May 18, the country’s central bank announced Saturday. The cut, the second of its kind this year, will drop the RRR for the country’s large financial

Chinese Officials Falsify Data To Mask Slowdown, NYT Says

Is China tweaking its numbers on GDP? Probably. For twenty years Chinese GDP roughy came in right on the governments target. This would be an almost magical performance record considering economists in the West can predict absolutely nothing. For years, China most likely lowered GDP

Japan Learning the Hard Way, Destroying your Currency is Not an Economic Strategy

Japan will learn the hard way that destroying your currency is not an viable economic strategy. Shanghai Daily JAPAN posted a record 1.63 trillion yen (US$17.4 billion) trade deficit in January as rising exports trailed surging imports of crude oil and gas due to rising

Renminbi-yen trade growing strongly a year after launch

One year after the launch of direct trading between the renminbi and Japanese yen, the daily trading volume between the two currencies has reached 50-100 billion Japanese yen on the Shanghai market and 15 billion yen on the Tokyo market, a combined volume double that

Radisson Hotel Chain Is Latest U.S. Giant to Be Snapped Up By Chinese

A unit of Chinese conglomerate HNA Group has agreed to buy Carlson Hotels, which owns brands including Radisson and Country Inns and Suites, the latest in a flurry of overseas investments by Chinese companies.

HNA Tourism Group will acquire all of Carlson Hotels Inc., the companies said in a joint statement released late Wednesday that did not disclose the purchase price.
They said that Carlson’s headquarters would remain in Minnetonka, Minn., after the deal is completed.

HNA Tourism Chairman Bai Haibo said buying Carlson Hotels will help the Chinese company “establish our presence in the U.S. market and expand our footprint in hospitality internationally.”

He added that HNA would “accelerate growth by investing substantially in the business.”

The purchase is the latest in a string of global transactions by Chinese companies as they diversify abroad to counter slowing growth at home while also scooping up foreign expertise and technology.

Other deals this year include Haier Group’s acquisition of General Electric’s home appliance business, conglomerate Wanda Group’s purchase of Hollywood studio Legendary Entertainment, and state-owned ChemChina’s mammoth $43 billion bid for Swiss pesticide maker Syngenta. It also comes weeks after China’s Anbang Insurance Group was thwarted by Marriott International in its attempt to acquire Starwood Hotels & Resorts Worldwide.

As part of the deal, the Chinese company will also acquire a 51.3 percent stake in Brussels-based Rezidor Hotel Group AB, which operates Carlson hotels in Europe, Africa and the Middle East.

Under Swedish takeover rules, HNA is required to either buy the remaining shares of Rezidor it doesn’t own or sell its stake down to 30 percent.

Carlson has 1,400 hotels in 115 countries and territories and employs about 90,000 staff worldwide.

HNA Group, based in southern Hainan province, operates hotels, airlines, airports and financial services and real estate businesses.

The deal is subject to regulatory approvals and is expected to be completed in the second half of 2016.

Why China Wants Yuan-Denominated Gold

Chinese gold demand

It’s crucial to understand the potential benefits for China of having yuan-denominated gold. Besides internationalization, the fix may also increase the liquidity and efficiency of the gold markets. Yuan-denominated gold may also reduce the dependency of gold on the US dollar, though this may not hold true in the short run. In the longer run, gold may untangle from the US dollar.

According to the World Gold Council, in 2015, China’s gold demand hit 984.5 tons. The initiation of the yuan benchmark for gold is aimed at increasing the usage of the yuan as a global currency.
China likely believes that it should have a greater influence on gold prices, as it’s the biggest consumer of the metal. The demand from China may soon be completely directed to yuan-based gold. The higher the demand for yuan-based gold, the higher the demand for yuan currency.

China and the world economy
China could directly control the world gold markets once it has a significant chunk of the gold demand in the yuan. The above chart shows the current relationship of yuan to gold prices. The correlation between the two also remains weak, unlike the US dollar.

China has already acknowledged that it wants gold to play a much more important role in the world monetary system, and it’s also likely downplaying its gold holdings. With the larger influence of gold in the financial system, China may get in a position to dominate global economies.

The changes in gold price often amplify the changes in leveraged funds like the Direxion Daily Gold Miners (NUGT), the Direxion Daily Junior Bull Gold 3X (JNUG), and the Direxion Daily Junior Gold Bear 3X (JDST).

China Successfully Tests Hypersonic Missile

China successfully flight tested its new high-speed maneuvering warhead last week, days after Russia carried out its own hypersonic glider test, according to Pentagon officials.

The test of the developmental DF-ZF hypersonic glide vehicle was monitored after launch Friday atop a ballistic missile fired from the Wuzhai missile launch center in central China, said officials familiar with reports of the test.

The maneuvering glider, traveling at several thousand miles per hour, was tracked by satellites as it flew west along the edge of the atmosphere to an impact area in the western part of the country.

It was the seventh successful flight test of the revolutionary glider, which travels at speeds between 4,000 and 7,000 miles per hour.

U.S. intelligence officials have assessed that China plans to use the glider to deliver nuclear weapons through increasingly sophisticated missile defenses. The DF-ZF also could be used as part of a conventional strategic strike weapon capable of hitting targets around the world within an hour.

“China’s repeated test of a hypersonic glide vehicle demonstrates Beijing is committed to upending both the conventional military and nuclear balance, with grave implications for the stability of Asia,” Forbes told the Washington Free Beacon.

Adm. Cecil Haney, commander of the U.S. Strategic Command, said Jan. 22 that the new hypersonic glide vehicle is among an array of high-technology missiles and weapons, both nuclear and conventional, being developed and deployed by Beijing.

China “recently conducted its sixth successful test of a hypersonic glide vehicle, and as we saw in September last year, is parading missiles clearly displaying their modernization and capability advancements,” Haney said.

China has kept details about the DF-ZF program secret. In March 2015, a Defense Ministry spokesman confirmed one of the hypersonic missile tests after the test was reported in the Free Beacon. The spokesman said the missile test was not aimed at any country and was done for scientific research.

Mark Schneider, a former Pentagon strategic forces specialist, said the new Chinese hypersonic glider is a serious threat.

“In testimony before the congressional China commission, an Air Force intelligence analyst revealed that it is nuclear armed although there could also be a conventional version,” Schneider said.

“The Chinese probably see this as one of their ‘assassin’s mace’ weapons which are designed to defeat the U.S.”

By contrast, the Pentagon’s Missile Defense Agency is doing little to deal with the emerging hypersonic missile threat.


China Market Weekly Update

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Chinese Brokers on the Rise in HK

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Graph of the Day

Free Trader America= 2% avg tariff rate
Mercantilist economy China= 12.5% average tariff rate

A thought for American academics.. “Mabey your tex books aren’t right”?


Chinese State Security Service Warns female staff to not get “Honey-Dicked” by Handsome Foreign Men

A tale the Chinese know well as they have been honey-trapping U.S. intelligence assets for decades.

China has released a comic titled “Dangerous Love” that warns female government workers about dating foreigners who could turn out to be spies.

The 16-panel comic, which you can see below, was issued by a Beijing district government on Friday to mark China’s National Security Education Day. It is aimed at enlightening its employees on the importance of confidentiality and the laws relevant to it in order to fight espionage carried out by foreign nations.

The comic, which was posted to numerous public bulletin boards, tells the story of a young Chinese civil servant named Xiao Li, or Little Li, who falls for a “visiting scholar researching issues about China” named David after meeting him at “a gathering” organized by “a foreign friend.”

Like any classic love story, Xiao Li and David “begin a romantic involvement,” and it transpires that Xiao Li works for the “foreign publicity department.”

Dapper David asks many questions about what Xiao Li does at work, but she’s oblivious to his conniving ways, because “having a handsome, romantic and talented foreign boyfriend is pretty good.”

This ultimately leads poor Poor Xiao Li to end up in handcuffs while being told by police that her “very shallow understanding of secrecy” had allowed David to abscond with files, as he was, in truth, “an overseas spy.” This girl just can’t catch a break.



The Next Shoe to Drop: Pensions will disappear without massive bailouts of printed money

The next show to drop in this “booming” economy of 4% unemployment, low inflation,
and shining cities on the hill such as Baltimore, Detroit, Flint, Cleveland, Chicago
and others.

(Pay no attention to the rotting infrastructure and killings please)

You didn’t really think you were going to get those pension and social
security payments did you?

“This Is Going To Be A National Crisis” – One Of The Largest U.S. Pension Funds Set To Cut Retiree Benefits

As the Washington Post reports, the Central States Pension Fund, which handles retirement benefits for current and former Teamster union truck drivers across various states including Texas, Michigan, Wisconsin, Missouri, New York, and Minnesota, and is one of the largest pension funds in the nation, has filed an application to cut participant benefits, which would be effective July 1 2016, as it “projects” it will become officially insolvent by 2025. In 2015, the fund returned -0.81%, underperforming the 0.37% return of its benchmark.

Over a quarter of a million people depend on their pension being handled by the CSPF; for most it is their only source of fixed income.
Pension funds applying to lower promised benefits is a new development, albeit not unexpected (we warned of this mounting issue numerous times in the past). For many years there existed federal protections which shielded pensions from being cut, but that all changed in December 2014, when folded neatly into a $1.1 trillion government spending bill, was a proposal to allow multi employer pension plans to cut pension benefits so long as they are projected to run out of money in the next 10 to 20 years. Between rising benefit payouts as participants become eligible, the global financial crisis, and the current interest rate environment, it was certainly just a matter of time before these steps were taken to allow pension plans to cut benefits to stave off insolvency.

The Central States Pension Fund is currently paying out $3.46 in pension benefits for every $1 it receives from employers, which has resulted in the fund paying out $2 billion more in benefits than it receives in employer contributions each year.

As a result, Thomas Nyhan, executive director of the Central States Pension Fund said that the fund could become insolvent by 2025 if nothing is done. The fund currently pays out $2.8 billion a year in benefits according to Nyhan, and if the plan becomes insolvent it would overwhelm the Pension Benefit Guaranty Corporation (designed by the government to absorb insolvent plans and continue paying benefits), who at the end of fiscal 2015 only had $1.9 billion in total assets itself. Incidentally as we also pointed out last month, the PBGC projects that they will also be insolvent by 2025 – it appears there is something very foreboding about that particular year.


How China Will Become the World’s Biggest Banker

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Chinese Shipping Looking Toward the Arctic Ocean Passage

China announced plans on Tuesday to help ships under its flag navigate the Arctic via a Northwest Passage route that will be 30 percent shorter than the ocean passages traditionally used to connect the northern Atlantic and Pacific oceans through the Panama Canal.

Global warming has made the northwest route more navigable. Guidance from China’s Maritime Safety Administration, released on April 5, offers elaborate information on the route, which follows the northern coast of North America via waterways through the Canadian Arctic Archipelago. The information includes nautical charts and sea ice situations.

“Once this route is commonly used, it will directly change global maritime transportation and have a profound influence on international trade, the world economy, capital flow and resource exploitation,” said Liu Pengfei, the ministry’s spokesman, at a news briefing.

Only one cargo ship, the Canadian vessel Nunavik, has made a solo voyage through the Northwest Passage, but “there will be ships with Chinese flags sailing through this route in the future,” Liu said, without giving a specific time frame. He said the 356-page, Chinese-language guide will be very informative.

Wu Yuxiao, senior official at the maritime administration who helped write the guide, said the route will lower transportation costs and be strategically important to China.

“Many countries have noticed the financial and strategic value of Arctic Ocean passages,” he said. “China has also paid much attention.”

In 2014, the administration offered guidance on Arctic navigation of the Northeast route, which crosses the Arctic following the coasts of Russia and Norway.

Despite the economic value of sailing through the Arctic, Wu said it poses many risks, including the potential for shipwrecks caused by ice and possible damage to the fragile Arctic ecosystem. He said the lack of support infrastructure and an unstable climate also lower the efficiency of Arctic transportation.

“But as sea ice has declined due to global warming, Arctic navigation has increasing possibilities. That’s why we need guidance for ships with the Chinese flag,” Wu said.

According to the ministry, Chinese-language guidance on navigating such major passages as the Antarctic, the Strait of Malacca and the Suez and Panama canals, also will be released.


Russia and China to Link Credit Card Payment Systems

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China Is Not Going Away

Gerard DeBenedetto
Former CEO at An Zhong (AZ) Investment Management Shanghai

The macro coverage on China is like a wonderful carnival wheel of topics that spins monthly and clicks to a stop: Capital Outflow, A-Share Bubbles, Ponzi schemes, Debt Bubbles, Vaccine Scandals, Water/Air Pollution, Property Bubbles, and on and on.

The long-standing narrative about China’s “transition” is the cause of, and the solution to, all of these problems. I’m not so sure. Take the most recent story of capital outflow. After declining almost a trillion dollars last year, PBOC reported that foreign exchange deposits increased $10.3 billion in March.

Looking at 5 year charts for China’s reserves and interest rates, it’s far easier to see the reason for the capital flight – declining rates.

This goes for the government as well as individuals. When RMB was appreciating in 2011-2104 it was easy to justify holding RMB denominated assets. Since 2014 when the RMB began to depreciate, coupled with declining rates for RMB denominated assets, there is little compulsion for foreigners to hold the currency.

The Chinese economy and market forces are too big to ignore, not only for foreigners, but for the policy makers themselves. So while Beijing would like to have control of a reserve currency, it’s not possible when the RMB is free to trade outside of China. This phenomenon is being repeated in a variety of asset classes and programs where policy is becoming a more blunt weapon against the two-way flow of capital. While this makes for wayward spikes in short term directionality, the long term trend points towards more market friendly (and predictable) policy.

This will not stop reporters and experts from looking at a variety of potential reasons for seemingly random shifts in data. Perhaps we need a #Chinasplain. Back to the example of capital outflow, there were plenty of experts pointing at M&A, over-invoicing through HK and debt settlement, to #Chinasplain the decline in reserves. Although M&A has seen an uptick, it is still small and may not represent dollar for dollar outflow as many of the acquiring firms have assets outside of China and can simply issue debt in dollars. As for over-invoicing, this has been going on for decades.

As I’ve written before, regulators will continue to introduce new programs and at the time of announcement, it may be impossible to assess the long term impact, but when looking at a longer view, behavior is rational. Policy, and the ability to manipulate outcomes, will remain and that is why China isn’t going away and in fact, is becoming easier to navigate, if you just have some patience.



China Market Update


Chinese Property Prices Continue to Soar

Property prices in China’s top cities rose sharply in March, with Shenzhen in particular reporting a spectacular rise.

Prices of new residential buildings rose 4.9 per cent year-on-year in March, according to a monthly survey of property prices across 70 large and mid-sized cities.

Top tier cities led the gains. In Beijing prices rose 16 per cent year-on-year and in Shanghai they rose 25 per cent. Shenzhen, however, reported the sharpest rise, with average property prices up 61.6 per cent year-on-year according to Reuters calculations based on data from China’s National Bureau of Statistics.

Prices rose in 40 out of 70 cities surveyed.

The growing property sector was one of the main factors in supporting economic growth in the first quarter. China’s economy grew at an annual rate of 6.7 per cent in the first three months of 2016, with increasing property sales encouraging developers to accelerate new construction.

Chinese data shows country is going back on the upswing

The IMF has just downgraded most of the world economy with the exception of China which it has upgraded from 6.5% to 6.7%.

The Chinese CPI is up 2.3% from 2015.

The Chinese PPI-Producer Price Index rose 0.5% month on month, the first rise since January 2014. One a year over year basis the countries PPI had seen a drop for 49 consecutive moths of decline.

In 2016, real estate has starting skyrocketing. Shenzhen property prices are up 56%, with other major cities seeing price increases of 20% or more.

Food Price Inflation is also skyrocketing in China. Fresh vegetable prices are up 35.8% year over year and Pork Prices up 24.8% from last 2015.

Chinese Investment into Australia Booms

Chinese investment in Australia has grown 60% to $15bn as investors continue to buy real estate and expand into areas such as

Investment in real estate continued to dominate, accounting for $6.85bn, or 45%, of total Chinese investment in Australia, according to the KPMG and Sydney University’s joint report, Demystifying Chinese Investment in Australia.

Australia is the second most favoured foreign country for Chinese investors, after the US, where Chinese invested US$118bn in 2015 – up 14.7%.

The report says seven “mega” deals, each worth more than $500m, accounted for much of the investment in Australia, with four well over $1bn – 65% of all deals were worth less than $100m.

After real estate, the sectors most favoured by Chinese investors were renewable energy (20%), healthcare (17%), mining (9%), infrastructure (3%), gas and oil (3%), and agribusiness (3%).

China’s Homegrown Rival to Uber Valued at Over $25 Billion


China’s Homegrown Rival to Uber Valued at Over $25 Billion
Didi Kuaidi was worth $6 billion February last year

HONG KONG—Investors in China’s homegrown competitor to Uber Technologies Inc. have revved up the ride-sharing company’s valuation to more than $25 billion.

Beijing-based Didi Kuaidi Joint Co. is close to completing its latest funding round to raise more than $1.5 billion at a valuation of over $25 billion, according to people familiar with the situation.

Didi Kuaidi’s biggest existing backers, social-network company Tencent Holdings Ltd. and online shopping giant Alibaba Group Holding Ltd., are participating in the latest round, the people said.

The Chinese startup received strong demand from new and existing investors and expects to complete the round by the end of this month, according to the people.

In February, The Wall Street Journal reported that Didi Kuaidi was planning to raise about $1 billion from investors on terms that would value the Chinese car-hailing company at more than $20 billion.

While many global startups including some in Silicon Valley have had difficulty raising money amid a slowdown in the global economy, Didi Kuaidi has been an exception. Its valuation has soared from just $6 billion in February 2015 when it was formed from the combination of two competing taxi-hailing companies. Investors are betting that the company will be able to eventually turn a profit after attracting more Chinese riders to its service.

The latest fundraising comes as growth in private funding for China’s tech sector is slowing, as investors become more cautious due to volatility in China’s stock market and slowing economic growth. In the past six months, such funding amounted to roughly $4.5 billion, smaller than the $6.7 billion raised in the previous six months, according to data from Hong Kong-based AVCJ Research. While more fresh capital is flowing into leading players in each category such as Didi Kuaidi, startups that aren’t dominating their segments are struggling to raise new funds, venture capitalists say.

China’s biggest Internet companies have taken sides in the battle for the country’s ride-hailing market. While Didi Kuaidi’s investors include Tencent and Alibaba, investors in UberChina, Uber’s Chinese affiliate, include Baidu Inc., China’s biggest search provider.

In China’s fast-growing market for ride-sharing, Didi Kuaidi and UberChina are locked in a fierce battle to attract riders and investors. Both companies are providing huge subsidies to drivers and riders to sign up for their services.

Didi Kuaidi dominates the country’s taxi-hailing market, and has a larger share than UberChina in the private-car-hailing segment, though the two companies disagree on the exact figures. Didi Kuaidi has expanded its private-car services to compete more directly against Uber, while adding other services such as buses and chauffeurs who drive customers’ own vehicles. As of January, Didi Kuaidi was operating in more than 400 cities in China.

UberChina last year raised $1.2 billion at a valuation of more than $8 billion. Didi Kuaidi’s new round of fundraising comes after it raised $3 billion from investors in September at a valuation of $16 billion.

Didi Kuaidi has been working closely with Tencent, the operator of the WeChat messaging application. The app, which has about 700 million monthly active users, comes with a ride-hailing button that directs users to Didi Kuaidi’s service. Users can pay for rides with WeChat’s own mobile-payment service.

Didi Kuaidi is also backed by sovereign-wealth fund China Investment Corp., with $740 billion in assets, and the venture-capital arm of Chinese financial conglomerate Ping An Insurance (Group) Co. UberChina is backed by major Chinese insurers China Life Insurance (Group) Co. and China Taiping Insurance Holdings Co.

Chinese media calls out Japan for starting a new Cold War.

Battle lines are being drawn up. It’s the U.S., Japan, EU, and some South East Asian countries vs Russia, China, and DPRK. The EU for all intensive purposes is under an Islamic invasion where millions are settling the European continent and forcing the natives to pay for their livelihoods. Europe is over and cannot possibly be a factor. The dying West is fading into the past to be replaced by a young, burgeoning Islamic population. How much of European language, customs, or even DNA will remain is yet to be seen.
Japan is an old, once mighty industrial and technical country largely now surpassed by S. Korea. The lynch pin of the new Allied powers is the U.S., suffering from massive economic dislocation with virtually no manufacturing base left and a political atmosphere which one sees in the West time after time. That of left vs right, Nationalist vs Communist. The U.S. is just now at the beginning of this fight which will continue to erupt into greater and greater street battles as an entire generation of young people have been sidelined by this economy into becoming retail working serfs. Can these countries with so many domestic problems withstand the Chinese, Russian axis? I doubt it but time will tell.

China Daily
Cai Hong

Japan’s moves risk creating a new Cold War

Days before the country’s new security laws came into effect on March 29, Japan’s Prime Minister Shinzo Abe asked National Defense Academy graduates to prepare to implement them.
But, embarrassingly, an increasing number of cadets are not interested in careers in the country’s Self-Defense Forces.
Cadets at the academy pay no tuition fees and receive free room and board along with monthly stipends. The academy’s graduates usually end up becoming SDF officers. However, 47 out of 419 graduates this year preferred the private sector rather than joining the SDF, double the number last year.
It is the largest number since 1991 when a record 94 graduates declined to join the SDF. That year, Japan was deliberating on whether SDF personnel should be sent to the Gulf War.
Japanese defense ministry officials have tried to play down the choice of the cadets, claiming that private businesses offer more openings for university graduates.
But the truth is that those graduates are appalled by the just-executed security laws, which greatly expand the SDF’s duties overseas and allow Japan to come to the aid of allies around the globe in contingencies that “gravely affect” Japan’s security.
Many people in Japan call the new laws “war legislation,” fearing the nation will either enter, or be dragged into, military conflicts that are not of its making.
Some 600 lawyers are scheduled to file a lawsuit with the Tokyo District Court challenging the constitutionality of the laws this month.

Days before the country’s new security laws came into effect on March 29, Japan’s Prime Minister Shinzo Abe asked National Defense Academy graduates to prepare to implement them.
But, embarrassingly, an increasing number of cadets are not interested in careers in the country’s Self-Defense Forces.
Cadets at the academy pay no tuition fees and receive free room and board along with monthly stipends. The academy’s graduates usually end up becoming SDF officers. However, 47 out of 419 graduates this year preferred the private sector rather than joining the SDF, double the number last year.
It is the largest number since 1991 when a record 94 graduates declined to join the SDF. That year, Japan was deliberating on whether SDF personnel should be sent to the Gulf War.
Japanese defense ministry officials have tried to play down the choice of the cadets, claiming that private businesses offer more openings for university graduates.
But the truth is that those graduates are appalled by the just-executed security laws, which greatly expand the SDF’s duties overseas and allow Japan to come to the aid of allies around the globe in contingencies that “gravely affect” Japan’s security.
Many people in Japan call the new laws “war legislation,” fearing the nation will either enter, or be dragged into, military conflicts that are not of its making.
Some 600 lawyers are scheduled to file a lawsuit with the Tokyo District Court challenging the constitutionality of the laws this month.

America’s Fake Democracy Exposed -Serfdom awaits.

Social media has overthrown political elites from Central Asia,
Eastern Europe, and across the Middle East. Is that time coming for the
U.S.? The loss of control of the media is now exposing both the Democratic and the Republican parties for what they are; Organizations that are out to enrich their members and dominate politics for their own ends. Both parties stand for endless war, endless importation of poor people, endless debt, and in general trying to create a population of poor serfs to serve them. Real change is coming. Either Americans will once again find their backbone or they will sink into further into serfdom.

Republican presidential front-runner Donald Trump erupted on Twitter Sunday night, after a weekend which saw Sen. Ted Cruz of Texas sweep all of Colorado’s 37 delegates without any votes being cast by citizens in a traditional primary process.

“How is it possible that the people of the great State of Colorado never got to vote in the Republican Primary? Great anger – totally unfair!” wrote Trump.

He followed it up with a second tweet: “The people of Colorado had their vote taken away from them by the phony politicians. Biggest story in politics. This will not be allowed!”

What do YOU think? Should Trump run 3rd party if he doesn’t win GOP nomination? Sound off in today’s WND Poll!

It was last August when officials with the Republican Party in Colorado decided they would not let voters take part in the early nomination process.

The Denver Post reported Aug. 25: “The GOP executive committee has voted to cancel the traditional presidential preference poll after the national party changed its rules to require a state’s delegates to support the candidate that wins the caucus vote.”

“It takes Colorado completely off the map” in the primary season, Ryan Call, a former state GOP chairman, told the paper.

Read more at http://www.wnd.com/2016/04/trump-erupts-as-cruz-sweeps-colorado-without-votes/#Cc1vj1ot7xmf7HtV.99

Alibaba Surpasses Walmart

Alibaba Group Holding Limited announced on April 5, 2016 that as of March 31, the end of its fiscal year 2016, it has become the largest retail economy in the world as measured by annual gross merchandise volume (GMV) on its China retail marketplaces. PricewaterhouseCoopers (PwC) has performed agreed upon procedures on data relevant to Alibaba Group’s GMV
As a reminder, two weeks prior to the SEC filing, Alibaba’s Executive Vice Chairman Joe Tsai announced in a blog post on March 21 that “with 10 days remaining in our fiscal year ending March 2016, Alibaba’s China retail marketplace platforms surpassed RMB 3 trillion [yuan] in GMV. That is about [$]476 billion in U.S. dollars and, if the platforms we operate were a province, we would rank as the 6th largest provincial economy in China.”

Inferring a full year’s revenue from that number suggests that Alibaba closed the books with roughly $490 billion, or about $8 billion in sales more than America’s flagship discount retailer.

Alibaba WMT_0