Former NBA star Yao Ming on Thursday called for the eradication of sales of illegal animal products in China through legislation and the promotion of animal protection awareness among the public. “Buying ivory is buying bullets,” Yao, a member of the National Committee of the
Dan Collins CMR There is anything super about the American Superpower’s attempt to stabilize the situation in the Ukraine. Russia offered $15 billion in aid to the Ukraine. The U.S. Congress now has legislation being drafted to allow Ukraine to access loan guarantees up to
China has built more 4G base stations than Europe as the country speeds up its construction of its 4G network, reports Huanqiu, the Chinese-language website of the state-run Global Times. Since China Mobile, the world’s largest mobile service provider in terms of customer numbers, obtained
China registered a record 152 billionaires in the 2014 list, up near 25 percent from 122 last year, while Hong Kong clocked up 45, said Forbes. “That’s probably the biggest trend coming out of here… we had a little over 30 newcomers just from mainland
More love from the religion of peace. On the night of March 1, the police cordoned off Kunming Train Station. More than 10 masked assailants with machetes wearing the same outfits hacked innocent people at the square. Even the old and the children were not
MOSCOW — Russian Prime Minister Dmitry Medvedev said on Sunday that Ukraine’s leaders had seized power illegally, and predicted their rule would end with “a new revolution [and] new bloodshed.” Medvedev said that, while Viktor Yanukovych had practically no authority, he remained the legitimate head
D.Collins CMR Only in the current version of the United States could a Secretary of State make remarks of such hypocrisy and yet never once have them questioned in the American state-run media. John Kerry hit the D.C. political media on Sunday calling the entry
http://theaviationist.com Some 10 Russian Mi-24 Hind helicopters were allegedly filmed entering Ukrainian airspace over Crimea. Amateur video uploaded on Youtube shows eleven Mil Mi-24 helicopters allegedly flying towards the military airport at Sevastopol early in the morning of Feb. 28.
China hates speculators…yet it has made it so easy for them to make money on a one-way rising Yuan. They have recently been trying to squash speculators before letting loose on the RMB which in my expectations will double within ten years.
Rome days away from bankruptcy Eternal city warns it will go bust for the first time since it was destroyed by Nero
WSJ Matteo Renzi, the Italian prime minister, came under pressure on Thursday as the city of Rome was on the brink of bankruptcy after parliament threw out a bill that would have injected fresh funding. Ignazio Marino, Rome mayor, said city services like public transport
Former NBA star Yao Ming on Thursday called for the
eradication of sales of illegal animal products in
China through legislation and the promotion of animal
protection awareness among the public.
“Buying ivory is buying bullets,” Yao, a member of the
National Committee of the Chinese People’s Political
Consultative Conference (CPPCC), told reporters on the
sidelines of the ongoing annual session of the country’s
top political advisory body.
China introduced special protection for endangered
species, such as pandas, golden monkeys and white-flag
dolphins, in the late 1980s, and has enforced a strict ban
on poaching and trading.
Between December 2013 and January 2014, the country led an
operation code-named Cobra II against international wildlife
crimes, which uncovered 350 cases involving the capture of
more than three tonnes of ivory and ivory products, over
1,000 hides and a number of other wildlife products.
The operation was jointly organized by China, the United
States, South Africa, the Lusaka Agreement Task Force, the
ASEAN Wildlife Enforcement Network, and the South Asia
Wildlife Enforcement Network.
In January, the Chinese government also destroyed 6.1 tonnes
of confiscated ivory it had seized over the years in southern
China’s Guangdong province.
There is anything super about the American Superpower’s
attempt to stabilize the situation in the Ukraine.
Russia offered $15 billion in aid to the Ukraine.
The U.S. Congress now has legislation being drafted
to allow Ukraine to access loan guarantees up to
around $1 billion, at a cost of around $200 million
to the U.S., according to a House GOP aide.
So its $15 billion vs $1 billion in loans when we
compare Russia and the United States.
How about China’s involvement with the Ukraine?
China is a major arms importer from the Ukraine. China’s
first aircraft “The Liaoning” carrier was imported from
the Ukraine. China and the Ukraine are cooperating in
tanks,armored vehicles,anti- high-precision weapons
manufacturing as well as prospects for the joint
development of weapons and equipment systems.
China ‘s fifth-generation fighter may also be equipped
with an engine from the Ukraine.
On the economic front, the Ukraine is leasing farmland to
Chinese companies. Ukrainian agricultural companies KSG
Agro signed an agreement , which will provide China with
100,000 hectares of farmland,the land deal is expected
to eventually scale even larger. This investment will
enable Ukraine to become one of China’s largest overseas
In other areas, the Ukrainian national oil and gas
company (Naftogaz) and the China Development Bank signed
a $ 3.656 billion loan agreement to implement Uzbekistan
replace coal and gas projects.
When ousted President Yanukovych ‘s visited China late
last year , China promised to invest $ 8 billion into the
So, in the end you have $15 billion from Russia and
$8 billion from China or you can get $1 billion in loan’s
from the U.S. guaranteed by the Federal Reserves print
And now you know why it will be Putin and Xi Jinping
who decide what happens in the Ukraine and not
China has built more 4G base stations than Europe as the
country speeds up its construction of its 4G network,
reports Huanqiu, the Chinese-language website of the
state-run Global Times.
Since China Mobile, the world’s largest mobile service
provider in terms of customer numbers, obtained the
first 4G license in the country in December last year,
it has set up over 200,000 base stations, outnumbering
stations built in Europe, where 4G development has slowed
due to the EU debt crisis, strict regulation and fierce
Chinese internet equipment maker ZTE said the number of
4G base stations in the country could increase from 300,000
to 1 million by the end of this year. Rivals China Telecom
and China Unicom have also begun building their own 4G
networks. China is leading in 4G compared to Europe,
London’s Financial Times cited ZTE CFO Wei Zaisheng as
At the end of 2013, 4G networks accounted for around 19%
of mobile networks in the United States and 2% in Europe.
The number of 4G network users in Britain and Germany was
under 1 million.
China registered a record 152 billionaires in the 2014
list, up near 25 percent from 122 last year, while Hong
Kong clocked up 45, said Forbes. “That’s probably the
biggest trend coming out of here… we had a little over
30 newcomers just from mainland China,” said Lane.
“Twenty years ago it was pretty much zero so the growth
out of China has been phenomenal and it’s increasing every
year,” he added.
More love from the religion of peace.
On the night of March 1, the police cordoned off
Kunming Train Station. More than 10 masked assailants
with machetes wearing the same outfits hacked innocent
people at the square.
Even the old and the children were not spared as
machete wielding assailants ran through the train
station hacking any ethnic Chinese they could find.
As one commenter in China noted…”these were defenseless
ordinary common people whom are always the most
vulnerable group of the world. They have no power, nor
much money. They are only someone’s father, someone’s
wife, someone’s child, and someone’s family. Their whole
life is ordinary, but they mean a lot to their families
and friends. Please don’t aim your weapon at the ordinary
common people. Because every ordinary person is the entire
world to his/her family.”
MOSCOW — Russian Prime Minister Dmitry Medvedev said
on Sunday that Ukraine’s leaders had seized power
illegally, and predicted their rule would end with
“a new revolution [and] new bloodshed.”
Medvedev said that, while Viktor Yanukovych had
practically no authority, he remained the legitimate
head of state according the constitution, adding:
“If he is guilty before Ukraine – hold an impeachment
procedure … and try him.”
“Everything else is lawlessness. The seizure of power,
” Medvedev said on his Facebook page. “And that means
such order will be extremely unstable. It will end in
a new revolution. New bloodshed.”
Only in the current version of the United States could
a Secretary of State make remarks of such hypocrisy and
yet never once have them questioned in the American
John Kerry hit the D.C. political media on Sunday calling
the entry of Russian troops into Crimea an “incredible act
of aggression” He went on to say, that “It’s really nineteenth-
century behavior in the twenty-first century,” of Russia’s
actions. “You just don’t invade another country on phony
pretexts in order to assert your interests.”
Keep in mind, this is only months after he grandstanded in
an overblown speech to get the Unites States to enter into
a war on Syria. He was behind bombing Libya to oust Gaddafi
and he voted and sold Bush Jr’s Iraq war in the Senate.
He was in line in supporting Muslim terrorist groups in
Albania and supported the attack on Serbia back in 1999.
He is a key figure in the administration that is sending
bombs via drones on wedding parties all over the Yeman
What a hypocrite. Shameless John Kerry, Shameless
Some 10 Russian Mi-24 Hind helicopters were allegedly
filmed entering Ukrainian airspace over Crimea.
Amateur video uploaded on Youtube shows eleven Mil Mi-24
helicopters allegedly flying towards the military airport
at Sevastopol early in the morning of Feb. 28.
China hates speculators…yet it has made it so easy for
them to make money on a one-way rising Yuan. They have
recently been trying to squash speculators before letting
loose on the RMB which in my expectations will double
within ten years.
Rome days away from bankruptcy Eternal city warns it will go bust for the first time since it was destroyed by Nero
Matteo Renzi, the Italian prime minister, came under
pressure on Thursday as the city of Rome was on the brink
of bankruptcy after parliament threw out a bill that would
have injected fresh funding.
Ignazio Marino, Rome mayor, said city services like public
transport would come to a halt and that he would not be
a “Nero” – the Roman emperor who, legend has it, strummed
his lyre as the city burnt to the ground.
Marino warned there could be dire consequences.
Marino said that buses may have to stop running as soon as
Sunday because he only had 10 percent of the money required
to pay for fuel in March.
He added: “With the money that we have in the budget right
now, I can do repairs on each road in Rome every 52 years.
That’s not really maintenance.”
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 of this American prosperity was that
the Chinese were talking about. I had grown up among
industrial decline and all the social ill’s it brought
It became apparent that China, like most of the
world had developed their concepts of America based
on Hollywood movies. This image of a much more
prosperous America is starting to be shattered as
Chinese as well as the rest of the world learn the
true state of the American economic condition.
The streets are no longer paved with gold…they
are not even paved.
Below is a brief synopsis of an article making the
rounds in China, titled….
“American Collapse Theory”
The last three decades has seen continued decline
in the American economic system. It’s inevitable
collapse is now just a matter of time, and there is
nothing even well-meaning politicians could do to
stop it or even reverse the trends in motion.
For a long time, the world’s economic system has
functioned under Dollar hegemony which was backed
by American military hegemony.
The American founding in the 1700′s originally had
a backward economic model with agricultural exports
coming from the south and mines and commodity exports
coming from the North. The country had to import
scientifically manufactured products. For a time,
American workshops were known for low quality,
sweatshop work. These products were exported and
exchanged for British paper money.
This was truly a poor economy but cheap American labor
began to attract global capital.The United States over
many years engaged in the processing of low-end products ,
and accumulated a very large industrial base entity which
created a solid foundation that led to innovation and
cutting-edge technology which began to erupt in the
By World War 1, Britain was shocked to realize America
had far surpassed her former colonial master. By World
War 2, America produced 60% of the world’s capacity in
military hardware. Britain quietly lost control of the
world as the paper money could no longer cover up her
declining industrial base and core economy.
Since 1979 the United States failed to prevent the
Chinese industrialization reform movement and China ‘s
rise is almost complete. At the same time, the American’s
turned their economy over to the financial sector. The
problems since 2008 are only the tip of the iceberg.
Chinese technology is now eclipsing the U.S. Recently
disclosed reports mentioned that back in 2005 NASA could
not find a vibration testing table over 9 tons and had
to import a 16 ton vibration testing table from a Chinese
It became quite comical when the U.S. Defensed Department
learned of the situation then had a law passed to ban export
to China of vibration table technology over 9 tons when in
reality the U.S was totally reliant on this technology from
China. China has since developed 50 and 75 ton platforms which
are two generations ahead of anything in the U.S. China is
also now winning the space race launching twice as many space
missions in 2013 on only 1/17 the budget of NASA.
Today, China ‘s fourth -and fifth-generation fighter and even
integrated hypersonic aerospace fighters have surfaced,showing
the strength China has gained from her amazing manufacturing
industry. In China ‘s J- 20 and J- 31 fighter jets have been
launched. The aerial maneuverability of the Chinese J-20 and
J-35 are now ahead of the U.S. F-20 and F-35. With the “plane
diving” capability of the J-20 and J-31 against the U.S. F-35
it is like putting a hawk among pigeons.
As American economy crumbles, its military and dollar hegemony
are falling with it. China has signed currency agreements with
over 20 countries. Even Europe and Australia have jumped in to
use RMB with the Americans powerless to stop it.
The RMB is down 1% which has given the “China will
crash” crowd fuel to their fire. The RMB will double
in value before 2025. Its a safe long term bet. Much
safer than a collapsing USD. This article gets it
right. China hates international financial speculators
and will try and smack them any chance they get.
We are on the way to a freely convertible Yuan and with
it the world will start to shut off the Dollar.
BEIJING—China’s central bank engineered the recent
decline in the country’s currency to shake out
speculators as it prepares to allow a wider trading
range for the tightly tethered yuan, according to
people familiar with the central bank’s thinking.
In the past week, the People’s Bank of China has been
guiding the yuan lower against the dollar. It has done
so by setting a weaker benchmark against which the
yuan can trade. It has also intervened in the currency
market by directing state-owned Chinese banks to buy
dollars, according to traders.
The moves brought the yuan, also known as the renminbi,
to its weakest level in seven months and represents a
reversal of the practice for most of last year when the
central bank kept pushing the yuan higher against the
dollar, even as the currencies in other emerging countries
tumbled. Money has been pouring into China—sometimes,
analysts have said, by circumventing currency controls—to
take advantage of the seemingly unstoppable rise.
By guiding the yuan weaker, the PBOC intends to thwart
short-term speculators betting on a continued rise and
to introduce greater two-way volatility into its trading.
“The PBOC is testing the market as it prepares to widen
the yuan’s trading band,” said one of the people familiar
with the bank’s thinking.
While a short-term move, making the yuan behave more like
a market-driven currency fits into a broader plan to
restructure the economy so that it is less dependent on
investment and exports.
Though increasingly important in international trade, the
yuan isn’t freely convertible. The central bank sets the
value, permitting the yuan to fluctuate within a
controlled range against the dollar. Currently, the PBOC
allows investors to push the yuan’s value 1% in either
direction from that set rate in daily trading.
Many analysts and economists expect the central bank to
expand that range this year by allowing the currency to
move up or down by 2% daily. The last time the band was
widened was in April 2012, when it was increased to 1%
Surging inflows of capital have been complicating
Beijing’s efforts to manage the economy, contributing
to soaring property prices and injecting excess cash into
the financial system. China’s central bank and commercial
banks purchased nearly $45 billion worth of foreign
exchange in December, the fifth consecutive month of net
purchases. A weaker yuan could also help exporters, whose
goods would be cheaper in the U.S. and other foreign markets.
The PBOC decided to tamp down expectations for one-way
appreciation in the yuan and curb speculative trading during
two-day currency-policy meeting that ended on Feb. 18, the
people said. At the meeting, a deputy governor, Hu Xiaolian,
called for greater efforts to prevent risks from cross-border
capital flows and joined other officials in expressing concern
about “hot money” inflows, according to a PBOC statement issued
after the meeting.
At the meeting, the PBOC also decided to expand the yuan’s
trading band this year in an “orderly” manner, the central
bank statement said, as it moves toward making the yuan a freer
On Feb. 19, the day after the meeting, the yuan started its
recent slide, falling to the lowest level in almost two months.
The yuan ended at 6.1248 per dollar on Wednesday in mainland
trading, barely changed from the closing of 6.1266 the previous
day. The currency has fallen 1.2% against the dollar since the
beginning of this year, a dramatic move for a currency that
often barely budges and that gained 2.9% in 2013.
China has begun developing the world’s most accurate
cruise missiles with the ability to hit targets in
Japan as well as US military bases, according to a
recent report published by the Washington-based
Project 2049 Institute.
In the article titled China’s Evolving Reconnaissance-
Strike Capabilities, author Ian Easton claims that
after many years of efforts, China has acquired a
considerable amount of cruise missile systems, including
the PLA Second Artillery Force’s ground-launched
Changjian-10 or Long Sword (CJ-10) land attack cruise
missiles (LACMs), the PLA Navy’s ground- and ship-
launched Yingji-62 “Eagle Strike” anti-ship cruise
missile, and the PLA Air Force’s Yingji-63 and CJ-20
With up to 500 missiles deployed on 40-55 road-mobile,
tri-canister launchers in the Second Artillery Force,
China’s strategic CJ-10 LACM may be of particular
concern to US and Japanese defense planners, the report
said, as the missile’s range of over 1,500 kilometers
can theoretically place all of Japan’s main islands
The report added that the PLA Navy’s 100 JH-7 fighter
bombers and 30 H-6M maritime bombers are armed with anti-
ship cruise missiles which also have a strike radius of
more than 1,500km, while the PLA Air Force has a small
number of H-6K bombers that could strike as far as the
US territory of Guam.
The advanced missiles have significant tactical and
strategic meaning, the report said, as cruise missiles
are technologically challenging to defend against compared
to ballistic missiles because they can strike from any
angle and fly at low altitudes.
China would have a geographic advantage over the US if
it engages in a military conflict with Taiwan or Japan,
and its long-range missiles could strike American
vessels and air bases before they would be able to
project power into the region, the report added.
“Initially, the only theater ballistic missile in the
PLA arsenal that could reach Japan was the medium-range
Dongfeng-21C (DF-21C),” the report said, but according
to Taiwanese intelligence officials the PLA has also
begun deploying the DF-16, a new medium-range ballistic
missile for “counter-intervention” missions.
According to the report, the US Department of Defense
assessed that the PLA is developing intermediate-range
ballistic missiles with ranges of up to 5,000 km, meaning
they could eventually threaten Guam, the Marianas, Palau,
northern Australia, Alaska and US bases in the Middle
East. If the Chinese program is successful, even Hawaii
and the west coast of the US could be threatened by
ICBMs by the early-to-mid 2020s, the report said.
The People’s Bank of China (PBoC) drained another
$100billion out of the market by conducting 14-day
repurchase agreements (repos) Tuesday after issuing
108billion worth of repos a week ago.
China’s central bank went on to pull more money out
of the financial system amid declining money-market
The People’s Bank of China (PBoC) drained another
$100billion out of the market by conducting 14-day
repurchase agreements (repos) after issuing 108
billion worth of repos a week ago.
Last week’s withdraw marked the central bank’s first
move in eight month to cool the lending boom. PBoC
statistics showed Chinese domestic lending tripled
month-on-month in January to CNY1.3 trillion, the
highest monthly level since Juanry 2010.
Inter-banking liquidity remains relatively loose as
the 7-day repo rate slid to a 10-month new low of
3.6 percent last weekend and the RMB dropped by
0.2 percent in a week.
The moves don’t signal a change in central bank’s
stance on inter-bank liquidity, said Xu Gao, an
analyst with Everbright Securities, adding the
higher liquidity is a result of more outstanding
funds for foreign exchange.
China’s outstanding funds for foreign exchange rose
for the six months in a row last December, statistics
from the nation’s central bank showed.
Outstanding funds for forex stood at CNY26.43 trillion
at the end of December, 2013, compared with
CNY26.20trillion a month earlier.
Meanwhile, the central bank is likely to sell more
yuan to prevent a sharp rise in the currency
following its recent decision to widen the RMB
trading band, said Xu.
China will gradually widen the yuan’s daily trading
band and “basically” phase out routine intervention
in the foreign-exchange market, Zhou Xiaochuan, the
head of the central bank said in a newly published
Western backed NGO’s have toppled the democratically
elected Ukrainian government. This does not look good
and we may have a powder keg in the making. Dozens
are dead and political forces on all sides are just
starting to align for the long haul.
The former President is on the run and the country is
split between ethnic Russians in the East, and Ukrainian
and Poles in the West.
This is not Georgia, and the Ukrainian cake is
large enough and sweet enough to have both the Western
backed powers and the Russian nation fighting over her with
neither group backing down anytime soon. The western backed
NGO’s want control over the country and her people. They want
the farmland and mineral resources while continuing to be able
export impoverished Ukrainian females to the brothels of the
Middle East. The American government wants her split from
Russia to limit Russian power and continue their policy of
On the other side, the Russian backed government
has sucked all the wealth from the people through crony
capitalism and the countries development is far behind what
it should be considering the resources and talents of the
Traditional enemies of the people are on all sides. Expect
a right wing backlash in the Ukraine with a potential Russian
occupation of parts of the country. As you will recall,
we reported earlier in the year that China had signed a nuclear
umbrella agreement with the Ukraine to protect her with
nuclear weapons if she comes under threat by those weapons.
Fasten your seat belts and may God watch over the people of the
‘I’ll be fighting Jews and Russians till I die’: Ukrainian
right-wing militants aiming for power
Kalashnikov-wielding members of Ukraine’s radical nationalist
opposition group, Right Sector, have pledged to resort to arms
in their fight against those involved in “lawlessness” and
looting, saying they will shoot to restore “order and
“I warn you, if anyone in this town, this area, engages in
‘lawlessness’ and looting, Right Sector squads will shoot
the bastards on the spot. Then there will be order and
discipline,” one of the radical nationalist opposition
group leaders, Aleksandr Muzychko, said on Friday.
“If tomorrow these bastards [police] in Kiev won’t stop,
we’ll take over military units, get hold of armored personnel
carriers and tanks – we know how to operate them – and go to
Kiev. Victory will be ours,” Muzychko warned earlier this week.
Australia’s security will be threatened by China: US economist
Staff Reporter 2014-02-19 08:57 (GMT+8)
In a discussion paper entitled China’s New Dream funded by the Australian Strategic Policy Institute, American economist David H Hale says China is likely to become a major threat to the national security of Australia, according to a report on New South Wales-based News Corp Australia Network on Feb. 13.
Hale said in his report that the greatest risk for Australia’s security in the future is a combination of China’s economic growth and the possible withdrawal from the region of a weakened United States. Once the United States decides to pull its troops out from the Asia-Pacific, Australia will be vulnerable to “foreign aggression,” according to Hale. “The re-emergence of China as a great power will be Australia’s greatest foreign policy challenge during the 21st century,” Hale wrote.
Want China Times
While Hale did not explicitly mention China as an aggressor
in his report, he made it clear that Beijing’s willingness
to make use of its growing military might in achieving its
aims may become a great challenge to the security of Australia.
Hale said that it is crucial for Australia to balance its
growing economic relationship with China and its traditional
alliance with the US. If America’s fiscal problems force it
to slash defense spending and withdraw from the East Asian
region, it will become a huge problem for Australia.
The report said that China’s defense budget is estimated to be
US$166 billion, second in the world only to the US budget of
US$660 billion. After the creation of China’s air defense
identification zone (ADIZ) over the East China Sea at the end
of last year, Hale said that Australia can only count on India
to offset China’s growth. For this reason, Hale suggested
Australia establish a closer relationship with India to
prevent itself from overreliance on China economically and
the United States militarily.
With Ben Affleck about to testify to Congress on the Congo
I thought I would scoop the world media and predict the
Facts of Life girls will be brought into to testify on
countering China with America’s new Asia pivot strategy.
Ben Affleck, as a childhood actor with a degree of any
kind who better to explain global politics to our leadership.
Its about time we tap more childhood actors for devising our
With a vicious spate of mass killings plaguing the Democratic
Republic of the Congo, a Senate panel is calling on experts to
appear before U.S. lawmakers next week. One of them is
Hollywood actor and serial activist Ben Affleck, The Cable
Affleck is slated to appear before the Senate Foreign
Relations Committee next Wednesday to discuss the troubled
central African country of 75 million people. The Argo
director has shown a keen interest in Congo in recent
years through his philanthropic organization, the
Eastern Congo Initiative (ECI). But not everyone thinks
Affleck’s résumé qualifies him to testify on Capitol Hill.
When the Seattle-based advisory firm working for Affleck,
Williams Works, tried to set up a similar event in the
GOP-controlled House of Representatives, Republicans did
not accept, according to a congressional aide familiar
with the matter. “It was floated and turned down,” said
It’s unclear if Republicans declined due to scheduling
issues or philosophical differences. One GOP aide at the
House Foreign Affairs Committee said the meeting would be
inappropriate given the wide offering of other experts
available to speak on the issue. “People serious about
resolving problems — especially problems related to life
and death — want to have serious conversations with
experts and leaders in the field, not celebrities,” the
Defending Affleck’s presence, a separate aide said it doesn’t
have to be an “either-or decision,” noting that experts could
speak alongside the actor during a hearing. “I think there’s
value in having someone like Ben there,” said the aide.
“He’s pretty invested in the issue.”
When the wheels fell off America’s economic wagon in
2008 the Federal Reserve jumped in and started buying
U.S. Treasuries. The annual deficits coming out of the
U.S, quickly jumped from an annual deficit of $500
billion to $1.6 trillion. Despite a recovery in U.S.
consumption, the annual deficit has still remained above
$1 trillion with total U.S. debt doubling from $8 trillion
to $16 trillion and the Fed’s balance sheet expanding almost
10 times to $4 trillion making them the largest holder of U.S.
There are 2 reasons why the Fed has had to buy U.S. debt.
The first is that the the world does not have enough global
savings to cover the massive amounts of debt be generating by
that so-called economic superpower America. The second reason is
the China stopped buying U.S. Treasures. Their net positions
remained roughly around $1.3 trillion dollars.
Now we enter the second phase, the sell phase, which could make
things get real crazy. Recently reported numbers are showing that
China is quickly dumping U.S. Treasures. Its a stampede to the
China sold 3.6 percent or $47.8billion of U.S. Treasuries in
December, reducing its holdings to $1.27 trillion.China, the
largest overseas creditor of the U.S., sold the second largest
amount of U.S. Treasuries ever in last December following the
Federal Reserve tapering.
China sold 3.6 percent or $47.8billion of U.S. Treasuries in
December, reducing its holdings to $1.27 trillion. The sale was
the second largest since December, 2011. China increased its
holdings of Treasury notes and bonds by $US81.1billion during
2013 even as it slashed the holdings in December, the latest
data released Tuesday by the Treasury Department showed.
Aaron Kohli, US interest-rate strategist in New York at BNP
Paribas, said it would become a bigger concern if China
persistently reduces its Treasury holdings because the Treasury
market needs other sources of support with the Fed winding down
its bond buying this year.
The benchmark 10-year U.S. Treasuries yield rose to 3 percent,
the highest level since July, 2011 after the Fed announced to
scale back its monthly bond-buying programs, reflecting renewed
concerns over the U.S. growth momentum.
“China remains a long-term support for the US bond market,”
Business Spectator quoted Gennadiy Goldberg, US strategist at
TD Securities as saying. “Despite the monthly swings, China
has continued to be a big source of demand for Treasurys as
it needs a highly liquid market to invest their massive dollar
Japanese holdings dropped by $4 billion in December while that
total foreign holdings of US Treasurys increased in December,
from $5716.9 billion to a historic high of $5794.9 billion,
according to the Treasury Department.
North Korea has done the same putting casinos over the
border. I was once offered a chance to visit the North
Korean casinos across from Dandong, China. They told me
we would have to prepare the instant noodles and cigarettes
for the “road” guards who are squatting there alongside the
road with AK-47′s constantly looking for a hand-out. Once
in the casinos you have access to all sorts of debauchery
which I will not write about here. You can also go into the
parking lot and buy a new S-Class or Lexus that has been
stolen from other countries by North Korean gangs. The cost
is only $10,000. You mark the hood with chalk and
in 2 weeks it arrives at your doorstep in China. When I
explained as an American it was illegal to go to North Korea
they offered to get me a fake Russian passport in which to
enter the country. Needless to say,sneaking into North Korea
with a Russian passport to go gambling was not my idea of a
vacation and I had to decline.
Back to the article, if you want to get rich, go buy
apartments in Vietnam close to where the casino’s are
Want China Times
Vietnamese investors plan to spend billions to build large
casinos and resorts in the country to attract Chinese tourists,
whose number increased over 30% last year, according to reports
on the website of China’s Global Times, citing online
Vietnamese newspaper VietNamNet Bridge.
The number of Chinese tourists traveling abroad is expected to
exceed 100 million this year. Although their total spending
abroad was the highest in the world in 2012 at US$102 billion,
their spending per capita was far lower than that spent by
Western tourists, but it still suggests the Chinese tourism
industry has plenty of potential.
Many Asian and European countries now have simplified visa
application procedures in order to attract Chinese tourists.
Vietnamese investors have also been urged to take action as
the number of Chinese tourists visiting the country increased
by 33.5% to 1.9 million last year. The tourists generated
US$142.5 million in revenue for Vietnam despite low per
Analysts said Vietnam has the competitive edge to attract
Chinese people to do business and travel in the country.
Direct investments from China have surged from US$345 million
in 2012 to US$2.3 billion. British market research firm
Business Monitor International predicted that 2.1 million
Chinese people will travel to Vietnam by 2017 but this figure
may be reached sooner given current growth.
VinaCapita, a Vietnamese asset management company, plans to
develop a US$4 billion complex that includes a resort and a
casino. It is also building another resort in Da Nang in
The company’s CEO Don Lam said the region has a great appeal
to Chinese visitors since it only takes them 1.5 hours by
plane from southern China to the city’s beautiful beaches.
Local hotels are also relatively cheap.
Other provinces have developed large casino projects, with a
project in Lang Song worth US$2 billion, one in Vung Tau
worth US$4.1 billion and one in Phu Yen worth US$4 billion.
China plans to build four aircraft carriers in total to boost
its naval power and exert its maritime claims, according to a
Russian media report.
Official reports in January said that the PLA plans to have at
least two aircraft carriers by 2015 or 2016 and said the
country’s second aircraft carrier is indeed under construction
as previous unofficial reports had claimed. The country plans
to build four aircraft carriers in total, the state newswire
Xinhua citing a Russian weekly newspaper as reporting.
China commissioned the Liaoning, a refitted Soviet-era
carrier purchased from Ukraine, in 2012. Future carriers
are expected to be built domestically and take the Liaoning
as their blueprint, at least initially.
The report further said construction appears to be behind
schedule, but Beijing has mapped out a clear plan for its
development. China’s aircraft carrier program is set to be
implemented in two phases, the report said, the aim being
to build two carriers to establish carrier battle fleets
to operate while two more advanced carriers are developed.
The report said the first two planned conventionally powered
aircraft carriers may have a displacement of between 50,000
to 55,000 tonnes. The second phase may see the construction
of two nuclear-powered carriers with an electromagnetic
catapult system and displacement of 65,000 tonnes. These
could possibly enter service by the late 2020s.
In order to carry out the second phase, the government
approved a plan in February to build vessels that use
nuclear power, the report said. However, the Ministry of
National Defense denied claims that it has plans to build
more aircraft carriers at present.
The Communist Party secretary of Liaoning province, Wang Min,
had said in January that an aircraft carrier was being built
in Dalian, the port city where the Liaoning carrier was
refitted. But reports related to Wang’s remarks were promptly
deleted from the internet for unknown reasons.