Apr 22

- Furious Chinese Rioters Beat Corrupt Policemen To Death (ZeroHedge, April 21, 2014):

It appears, based on these extremely graphic images, that the Chinese people has a different way of dealing with corrupt officials. As Shanghaiist reports, a riot involving around 1,000 people broke out last Saturday in Cangnan county of Wenzhou city, Zhejiang province, resulting in the hospitalization of five chengguan, China’s notoriously abusive and under-regulated urban enforcement officials. The alleged cause for the riots was the five’s brutally killing a civilian. According to reports, the chengguan “hit the man with a hammer until he started to vomit blood, because he was trying to take pictures of their violence towards a woman, a street vendor.” This man later died while being rushed to the hospital. Given the following images of civilian retribution; is it any wonder, the powers that be in China fear social unrest?

[Background: Chengguan is a name given to the City Urban Administrative and Law Enforcement Bureau, a municipality police that exists in every Chinese city. Chengguan are notorious for their brutality and generally hated far and wide for it. Their purpose is to enforce municipal bylaws, but they like to resort to violence and often use it against those with no means to fight back.]
The incident began… Continue reading »

Tags: , , , ,

Apr 21

Listen to the interview here:

- Any US attempt to encircle Russia is destined to fail: James Fetzer (PressTV, April 20, 2014):

An American political commentator says any attempt to encircle the Russian Federation by the US is destined to fail and that future belongs to Russia, China and Iran, not to the West.

James H. Fetzer, professor emeritus at the University of Minnesota Duluth, made the remarks in a phone interview with Press TV on Sunday.

He was commenting on a recent New York Times report which says that US President Barack Obama and his national security team are looking beyond the crisis in Ukraine to adopt an updated version of the Cold War strategy of containment against Russia.

Continue reading »

Tags: , , , , , , , , , , ,

Apr 21

Red Flag L5 Is The New Must-Have Car In China-1

- Forget Ferrari, The $803,300 Red Flag L5 Is The New Must-Have Car In China

For the wealthy Chinese with 5 million Yuan (around $800,000) burning a hole in their pocket, there is a new must-have ‘toy’. Instead of the latest Ferrari or Lambo, it is none other than the provocatively named “Red Flag L5″ that is popping eyeballs and leaving the wealthy Chinese breathless…

As Bloomberg reports,

Forget Ferraris. Someone paid at least 5 million yuan ($803,300) to buy a Chinese car.

China FAW Group Corp. began taking orders for the tailor-made Red Flag L5, the nation’s most expensive vehicle, with the first one sold to a customer in Nanjing, the automaker said in a statement today at the Beijing auto show. Delivery will take three months, said the buyer, Wang Zhonghua, who runs a company that operates a chain of furniture malls in China.

Continue reading »

Tags: , , , ,

Apr 21

Customers flock to buy gold accessories at a gold store on sale in Taiyuan

- China Goes Dark: PBOC To Keep Goldbugs Clueless About Its Gold Buying Spree (ZeroHedge, April 21, 2014):

One of the more perplexing divergences that have plagued precious metal watchers and goldbugs when it comes to the great “black box” that is the world’s biggest buyer of gold in recent years – China (which overtook India after that particular country established unprecedented capital controls to block the import of gold) is that on one hand China has been allowing the outside world to glimpse its ravenous buying of gold through the Hong Kong-Shenzhen corridor (where nearly 70% of the Chinese gold jewellery business is located) since Hong Kong customs provides a full breakdown of how much gold it exports into China, yet on the other the PBOC has refused to update its official gold holdings in exactly five years.

Continue reading »

Tags: , , , ,

Apr 21

- US financial showdown with Russia is more dangerous than it looks, for both sides (Telegraph, April 16, 2014):

The US Treasury faces a more formidable prey with Russia, the world’s biggest producer of energy with a $2 trillion economy, superb scientists and a first-strike nuclear arsenal

The United States has constructed a financial neutron bomb. For the past 12 years an elite cell at the US Treasury has been sharpening the tools of economic warfare, designing ways to bring almost any country to its knees without firing a shot.

The strategy relies on hegemonic control over the global banking system, buttressed by a network of allies and the reluctant acquiescence of neutral states. Let us call this the Manhattan Project of the early 21st century.

“It is a new kind of war, like a creeping financial insurgency, intended to constrict our enemies’ financial lifeblood, unprecedented in its reach and effectiveness,” says Juan Zarate, the Treasury and White House official who helped spearhead policy after 9/11.

Tags: , , , , , , , , , , ,

Apr 20

China revealed a major state secret … and just told another lie.

20%??? Make that 60% and we’re probably much closer to the truth.

I’ve studied acupuncture in China and even back then China was already polluted.

My Tai Chi teacher told us in 1997 that Chinese herbs are contaminated and have become pretty much worthless and outright dangerous to one’s health.

(They had to heavily contaminate China and bombard them with our junk food, because otherwise it would be almost impossible to depopulate China. And killing 6 billion people is not an easy task.)

At least we can be rest assured that China’s elites know what is good for them:

- Chinese Government Cafeterias Go Non-GMO

- Chinese Finance Ministry Bans GMO Oil For Staff To Safeguard Health

- In China, What You Eat Tells Who You Are … And Organic Food Is Only For The Power Elite

- I ate Hu Jintao’s dinner; China’s president, and the rest of the politburo eat only organic food


pollution-soil-china

- China just revealed a major state secret: nearly 20% of its farmland is polluted (Quartz, April 18, 2014):

Almost one-fifth of China’s farmland is polluted, according to a government report released this week. Officials have acknowledged the country’s problems with water and air pollution, but the extent of soil contamination has been a closely guarded “state secret,” for fear of incriminating certain provinces or companies.

About 19.4% of China’s farmland is polluted by cadmium, nickel and arsenic, according to the seven-year study that analyzed a little over half of China’s entire land area. One-fifth of China’s total arable land is about 26 million hectares (64 million acres), the same area as the United Kingdom, by the most recent estimates.

Continue reading »

Tags: , , , , , , , , , , , ,

Apr 19

- The One Thing Most Desired By Chinese Consumers Is… (Zerohedge, April 19, 2014):

Hint: it’s not designer clothes, shoes, bags or watches.

China gold demand

And some additional explanation from the World Gold Council:

Continue reading »

Tags: , , ,

Apr 16

Related info:

- Hong Kong’s Li Ka-Shing Says Wealth ‘Underestimated’ (Bloomberg, Feb 28, 2014):

Li Ka-shing, Asia’s richest man, said his fortune is at least 40 percent underestimated and that he won’t “admit” to being a Hong Kong mogul.

Li has a net worth of $29.2 billion, making him the 22nd-richest person in the world, according to the Bloomberg Billionaires Index.


Li-Ka-Shing-The Richest Man In Asia Is Selling Everything In China

- The Richest Man In Asia Is Selling Everything In China (Sovereign Man, April 16, 2014):

Here’s a guy you want to bet on– Li Ka-Shing.

Li is reportedly the richest person in Asia with a net worth well in excess of $30 billion, much of which he made being a shrewd property investor.

Li Ka-Shing was investing in mainland China back in the early 90s, way back before it became the trendy thing to do. Now, Li wants out of China. All of it.

Since August of last year, he’s dumped billions of dollars worth of his Chinese holdings. The latest is the $928 million sale of the Pacific Place shopping center in Beijing– this deal was inked just days ago.

Once the deal concludes, Li will no longer have any major property investments in mainland China.

This isn’t a person who became wealthy by being flippant and scared. So what does he see that nobody else seems to be paying much attention to?

Simple. China’s credit crunch.

Continue reading »

Tags: , , ,

Apr 16

“…slower, more sustainable growth…”

Even ‘more sustainable’ than that?

- China’s Credit Pipeline Slams Shut: Companies Scramble For The Last Drops Of Liquidity

- China’s Credit Bubble Hits Unprecedented Proportions – A Walk Thru Of China’s Hard Landing, And The Upcoming Global Harder Reset

- China’s Corporate Debt Hits Record $12 Trillion

rofl


- Chinese growth is weakest for two years (Guardian, April 16, 2014):

China’s GDP grew 7.4% in the first quarter amid growing evidence that the powerhouse economy is easing off

China’s economic growth slowed to 7.4% in the first quarter, raising the risk of job losses and a potential impact on the global economy.

The figure reported on Wednesday by the national bureau of statistics (NBS) was down from the previous quarter’s 7.7% and was below the full-year official growth target of 7.5% announced last month.

Beijing is trying to guide China to slower, more sustainable growth based on domestic consumption rather than trade and investment following a decade of explosive expansion

Continue reading »

Tags: , ,

Apr 15

gold-bars-111

- Chinese Checkers with Gold Prices (Euro Pacific Capital, April 10, 2014):

For decades many of us in the hard money world have speculated that cloak and dagger activity by large financial interests has played a large role in determining performance in the gold market. The focus of this alleged manipulation is believed to be in the London market, and has been widely referred to as “The London Fix.” However those who have blown the whistle have been dismissed as alarmists, gold bugs, conspiracy theorists or worse. But recent revelations should bring us closer to the truth.

Continue reading »

Tags: , , ,

Apr 14


Added: Apr 11, 2014

Description:

Watch the full documentary at http://www.americandebtcrisis.com/go/….

Tags: , , , , , , , , ,

Apr 13

harry_reid_rubbing_eye

- Reid smelling anything but rosy in ranch fight (WND, April 12, 2014):

Desert showdown blows lid off long-standing plans with the Chinese

NEW YORK – When Nevada rancher Cliven Bundy refused to take his cattle off land the federal government demanded for the habitat of an endangered desert tortoise, it focused the nation’s attention on an arena Sen. Harry Reid, D-Nev., may have preferred to be kept quiet.

An investigative report published last week by Infowars.com drew a connection between Senate Majority Leader Reid’s involvement with Chinese energy giant ENN, Chinese efforts to build massive solar facilities in the Nevada desert and the showdown between Bundy and the U.S. Bureau of Land Management, or BLM.

It wasn’t the first report to notice curious dealings involving the Chinese and America’s top Democrats. Continue reading »

Tags: , , , , , , , ,

Apr 11

From the article:

“One of two things is likely: Either the US dollar will be abandoned and collapse in value, thus ending Washington’s superpower status and Washington’s threat to world peace, or Washington will lead its puppets into military conflict with Russia and China. The outcome of such a war would be far more devastating than the collapse of the US dollar.”

As far as I know both scenarios - Dollar collapse AND WW3 -  are planned by the elitists.


Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

- Is the US or the World Coming to an End? (Paul Craig Roberts, April 9, 2014):

It will be one or the other

By Paul Craig Roberts

2014 is shaping up as a year of reckoning for the United States.

Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads. The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE.

Continue reading »

Tags: , , , , , , , , ,

Apr 10

china russia flags

- It’s On: Gazprom Prepares “Symbolic” Bond Issue In Chinese Yuan (ZeroHedge, April 10, 2014):

Curious what the fate of the petrodollar is? Look no farther than this Interfax update blasted moments ago by Bloomberg: “Gazprom Considers ‘Symbolic’ Yuan Bond Issue, Interfax Says.”

Bloomberg adds that the gas giant is considering proposals from potential organizers to market bonds in yuan, Interfax reports, citing people with knowledge of the matter.

  • Gazprom unlikely be able to gain more than $300m due to mkt volume, newswire reports
  • No mandates, deal timeline yet
  • Issue may add new investors, become a “topical” public relations act amid tensions with U.S., EU

Well, yes. It’s called “symbolic” for a reason. More importantly, it is a symbol of what happens when one can “create” money de novo without the presence of the world’s increasingly defunct reserve currency, either secured by gas or by future cash flows, i.e., unsecured.

Confused? Read: Continue reading »

Tags: , , , , , , ,

Apr 10

- China Warns Obama “US Is Moving In A Direction We Don’t Want To See” (Zerohedge, April 9, 2014):

Apparently doing away with diplomatic pleasantries, the Chinese have been directly clear with Chuck Hagel as he lays the groundwork for President Obama’s Asia trip later this month (scheduled to visit Japan, Malaysia, and the Philippines – all in direct territorial conflicts with China). As Reuters reports, “Obama needs to pay serious consideration to this issue when he comes to Asia… China has already put this message across during the meetings with Hagel,” said Ruan Zongze, a former diplomat with the China Institute of International Studies in Beijing, a think tank linked to the Foreign Ministry. “The United States is moving in a direction we don’t want to see, taking sides with Japan and the Philippines, and China is extremely unhappy about this.”

Things did not start off well…

In one of the many frank exchanges U.S. Defense Secretary Chuck Hagel had in China this week, General Fan Changlong told him how one of his uncles died as a slave in a Japanese mine during World War Two.

Continue reading »

Tags: , , , , , , ,

Apr 09

china russia flags

- Russia And China About To Sign “Holy Grail” Gas Deal (ZeroHedge, April 9, 2014):

Several weeks ago we reported that in response to ongoing alienation of Russia by the west Putin was aggressively setting the stage for Russia’s eastward expansion, set to culminate with a “holy grail” gas deal with China. We said that “while Europe is furiously scrambling to find alternative sources of energy should Gazprom pull the plug on natgas exports to Germany and Europe (the imminent surge in Ukraine gas prices by 40% is probably the best indication of what the outcome would be), Russia is preparing the announcement of the “Holy Grail” energy deal with none other than China, a move which would send geopolitical shockwaves around the world and bind the two nations in a commodity-backed axis.”

Reuters added, reflecting on the recent trip of Rosneft executive chairman to Asia, that “the underlying message from the head of Russia’s biggest oil company, Rosneft, was clear: If Europe and the United States isolate Russia, Moscow will look East for new business, energy deals, military contracts and political alliances.  The Holy Grail for Moscow is a natural gas supply deal with China that is apparently now close after years of negotiations. If it can be signed when Putin visits China in May, he will be able to hold it up to show that global power has shifted eastwards and he does not need the West.” Continue reading »

Tags: , , , , ,

Apr 09

- Another Chinese High Yield Bond Issuer Declares Bankruptcy (ZeroHedge, April 9, 2014):

Another week, another Chinese default.

A month after Chaori Solar’s default turned on its head a long-held assumption that even high-yielding debt carried an implicit state guarantee, another Chinese firm has succumbed to the inevitable outcome resulting from a lack of cash flows. As a reminder, a technical default late last month by a small construction materials firm, Xuzhou Zhongsen Tonghao New Board Co Ltd, was the first in China’s high-yield bond market. However, in that case the guarantor of that bond eventually agreed to fund the required interest payment, resulting in the first bailout of the first high yield default. Still if Xuzhou didn’t want the distinction of the first Chinese HY default, many are lining up for that particular prize – such as a small manufacturer of polyester yarn based in China’s wealthy Zhejiang province has declared bankruptcy, threatening its ability to meet an interest payment on a high-yield bond due in July.

According to Reuters, the firm sold 60 million yuan ($9.7 million) in bonds in a private placement in January 2013 at an interest rate of 11 percent. The next interest payment is due on July 23, while the bond matures in January next year. Continue reading »

Tags: , , , , ,

Apr 09

- 40 Central Banks Are Betting This Will Be The Next Reserve Currency (ZeroHedge, April 8, 2014):

As we have discussed numerous times, nothing lasts forever – especially reserve currencies – no matter how much one hopes that the status-quo remains so, in the end the exuberant previlege is extorted just one too many times. Headline after headlines shows nations declaring ‘interest’ or direct discussions in diversifying away from the US dollar… and as SCMP reports, Standard Chartered notes that at least 40 central banks have invested in the Yuan and several more are preparing to do so. The trend is occurring across both emerging markets and developed nation central banks diversifiying into ‘other currencies’ and “a great number of central banks are in the process of adding yuan to their portfolios.” Perhaps most ominously, for king dollar, is the former-IMF manager’s warning that “The Yuan may become a de facto reserve currency before it is fully convertible.”

The infamous chart that shows nothing lasts forever…

Nothing lasts forever… (especially in light of China’s recent comments)

Reserve Currency Status

As The South China Morning Post reports, Jukka Pihlman, Standard Chartered’s Singapore-based global head of central banks and sovereign wealth funds (who formerly worked at the International Monetary Fund advising central banks on asset-management issues), notes that:

At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status even before full convertibility

The US dollar remains in charge (for now)…but Continue reading »

Tags: , , , , , ,

Apr 08

Bejing
As bad air chokes Chinese cities, some expatriates are starting to leave families in their home countries, the latest sign of pollution’s rising cost to the more than half a million foreigners working in China and the multinationals seeking to retain them.

- China’s Smog Splits Expatriate Families as Companies Pay for Fresh Air (Bloomberg, April 7, 2014):

As a thick smog hung over Beijing last year, Stephanie Giambruno and her husband decided it was time for her and their two girls to return to the U.S.

Giambruno’s husband stayed back in China for his job as general manager of a global technology company. He now skypes with the family twice a day and lives with “constant jet lag” as he travels to Florida once a month to see them, she says.

While it’s hard to be apart, Giambruno says Beijing’s record air pollution left them no choice. She saw friends’ children develop asthma. Their own daughters, at age 6 and 21 months, were often forced to remain indoors.

“It’s not a way to live, to keep your baby inside with an air filter running,” she said.

Continue reading »

Tags: , , , ,

Apr 05

“The China Bubble”


- And The World’s “Most Powerful” Nation Is… (ZeroHedge, April 5, 2014):

In terms of economic might, BBVA has created an index of “world market power” enabling an at-a-glance view of a nation’s impact on the global economy via relevance of exports, exposure to external shocks, technological content, and retained value-added. And the winner is… Hint, not USA…

Continue reading »

Tags: , , , , , , , ,

Apr 05

- Soaring Chinese Gold Demand And Its Geopolitical Strategy (ZeroHedge, April 5, 2014):

Geopolitical and market background

I have been revisiting estimates of the quantities of gold being absorbed by China, and yet again I have had to revise them upwards. Analysis of the detail discovered in historic information in the context of China’s gold strategy has allowed me for the first time to make reasonable estimates of vaulted gold, comprised of gold accounts at commercial banks, mine output and scrap. There is also compelling evidence mine output and scrap are being accumulated by the government in its own vaults, and not being delivered to satisfy public demand.

The impact of these revelations on estimates of total identified demand and the drain on bullion stocks from outside China is likely to be dramatic, but confirms what some of us have suspected but been unable to prove. Western analysts have always lagged in their understanding of Chinese demand and there is now evidence China is deliberately concealing the scale of it from us. Instead, China is happy to let us accept the lower estimates of western analysts, which by identifying gold demand from the retail end of the supply chain give significantly lower figures.

Continue reading »

Tags: , , , , ,

Apr 04

crash-dollar

- US Threatens Russia Over Petrodollar-Busting Deal (Zerohedge, April 4, 2014):

On the heels of Russia’s potential “holy grail” gas deal with China, the news of a Russia-Iran oil “barter” deal, it appears the US is starting to get very concerned about its almighty Petrodollar

  • *U.S. HAS WARNED RUSSIA, IRAN AGAINST POSSIBLE OIL BARTER DEAL
  • *U.S. SAYS ANY SUCH DEAL WOULD TRIGGER SANCTIONS
  • *U.S. HAS CONVEYED CONCERNS TO IRANIAN GOVT THROUGH ALL CHANNELS

We suspect these sanctions would have more teeth than some travel bans, but, as we noted previously, it is just as likely to be another epic geopolitical debacle resulting from what was originally intended to be a demonstration of strength and instead is rapidly turning out into a terminal confirmation of weakness.

As we explained earlier in the week,

Russia seems perfectly happy to telegraph that it is just as willing to use barter (and “heaven forbid” gold) and shortly other “regional” currencies, as it is to use the US Dollar, hardly the intended outcome of the western blockade, which appears to have just backfired and further impacted the untouchable status of the Petrodollar.

If Washington can’t stop this deal, it could serve as a signal to other countries that the United States won’t risk major diplomatic disputes at the expense of the sanctions regime,”

And here is Voice of Russia,Russia prepares to attack the Petrodollar:

The US dollar’s position as the base currency for global energy trading gives the US a number of unfair advantages. It seems that Moscow is ready to take those advantages away.

The existence of “petrodollars” is one of the pillars of America’s economic might because it creates a significant external demand for American currency, allowing the US to accumulate enormous debts without defaulting. If a Japanese buyer want to buy a barrel of Saudi oil, he has to pay in dollars even if no American oil company ever touches the said barrel. Dollar has held a dominant position in global trading for such a long time that even Gazprom’s natural gas contracts for Europe are priced and paid for in US dollars. Until recently, a significant part of EU-China trade had been priced in dollars. Continue reading »

Tags: , , , , , , , , , ,

Apr 03

The-United-States-A-Colony-Of-China

- The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America (The Truth, March 31, 2014):

Has the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once?  As you will read about in this article, the Chinese are on a real estate buying spree all over America.  In fact, in some cases large chunks of land are actually being given to them.  Yes, you read that correctly.  China is on the way to becoming the dominant land owner in the entire country, and that is starting to alarm a lot of people.  Do we really want a foreign superpower to physically own so much of our territory?

There are some that are playing down this threat by making a distinction between the Chinese government and Chinese corporations, but things work differently over in China than they do here.  In China, the government is involved in everything.  In fact, 43 percent of all corporate profits in China are produced by companies that the Chinese government controls.  And all of the rest of the companies are very careful to follow the lead and direction of the Chinese government.

Continue reading »

Tags: , , , , , , ,

Apr 01

NOT an April Fool’s joke.


- Bags of Mountain Air Offered in Smog-Addled Chinese City (Wall Street Journal, March 31, 2014):

Bags of Mountain Air Offered in Smog-Addled Chinese City
No, not a scene from Spaceballs. Reuters

Proving that China’s fight against pollution has moved decisively into the realm of parody, bags containing mountain air were shipped into one particularly smog-addled city over the weekend.

Bags of Mountain Air Offered in Smog-Addled Chinese City-2
Residents from the elderly to young children lined up for a chance at the bags. Reuters

No, it wasn’t a scene from Spaceballs. According to the organizer, a Henan-based travel company, 20 bright blue bags of air were shipped to Zhengzhou, capital of central China’s Henan province, as a special treat for residents. The air originated from Laojun Mountain, some 120 miles away from the city, and was brought as part of a promotional gimmick to show oxygen-deprived city residents what they’re missing.

Continue reading »

Tags: , , , ,

Apr 01

Why Did BRICS Back Russia on Crimea

- Why Did BRICS Back Russia on Crimea? (The Diplomat, March 31, 2014):

The BRICS’s support for Russia shows the Western-dominated post-Cold War order is eroding.

There’s been no shortage of reports and commentaries on the crisis in Ukraine and Crimea, and Russia’s role in it. Yet one of the more notable recent developments in the crisis has received surprisingly little attention.

Namely, the BRICS grouping (Brazil, Russia, India, China, and South Africa) has unanimously and, in many ways, forcefully backed Russia’s position on Crimea. The Diplomat has reported on China’s cautious and India’s more enthusiastic backing of Russia before. However, the BRICS grouping as a whole has also stood by the Kremlin.

Continue reading »

Tags: , , , , , , , , , , , , , , , ,

Mar 31

- Check out these 8 new ‘record highs’. #6 is a real shocker. (Sovereign Man, March 31, 2014):

There’s nothing like a nice cup of reality first thing on Monday morning.

If you’ve been a reader for any length of time, you know one of the things I periodically do is scan headlines for phrases like “record high” or “all time high”.

The results can often given an interesting big picture perspective of what’s happening in the world. Continue reading »

Tags: , , , , , , , , , , ,

Mar 31

- China Confiscates Billions In “Ugliest Corruption Scandal” In History (ZeroHedge, March 30, 2014):

With Chinese authorities increasingly looking like they are sticking to their reform promises, fighting moral hazard and allowing defaults to occur (in a completely ‘contained’ way, of course); the continued crackdown on graft and government corruption has hit a new high (or low). As Reuters reports, Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the center of China’s biggest corruption scandal in more than six decades. 71-year-old Zhou has been under house arrest since first being investigated late last year but the size and scale of the corruption is unprecedented including 300 apartments, 60 vehicles, bonds, stocks, and gold – “it’s the ugliest in the history of the New China.”

Via Reuters,

More than 300 of Zhou’s relatives, political allies, proteges and staff have also been taken into custody or questioned in the past four months, the sources, who have been briefed on the investigation, told Reuters.

Continue reading »

Tags: , , , ,

Mar 30

Lavrov_0

- “They Never Learn” – Russia’s Take On The “West” And The Shifting Geopolitical Balance Of Power (ZeroHedge, March 30, 2014):

Over the past month, there has been a lot of “Hilsenrathing”, or the biased media urgently “explaining” to the Western world, just what Russia’s actions mean both tactically in response to Ukraine developments, and strategically as part of Putin’s global perspective. So instead of relying on the broken media narrative which serves merely to perpetuate US corporate interests and rally the public behind this or that company’s geopolitical interests, here, straight from the horse’s mouth, in this case Russian foreign minister Sergey Lavrov, how Russia sees itself in a world in which it is allegedly “isolated”, and “threatening Ukraine” with further invasion but more importantly, how the Russians view the rapidly changing global balance of power, in which post-USSR Russia has emerged from the backwood of slighted nations and stormed to the stage of nations who dare defy the former global hegemon, the US.

Some notable highlights by Lavrov from the interview conducted with Rossiya 24: Continue reading »

Tags: , , , , , , , , , , , , , , ,

Mar 30

- Office Of Outgoing JPMorgan Asia CEO Raided By Hong Kong’s Commission Against Corruption (ZeroHedge, March 29, 2014):

It just hasn’t been JPMorgan’s year. Or several years for that matter. The bank which has been on a steady downward slope when it comes to paying billions in quarterly “non-recurring, one-time” legal settlements and charges, and for which engaging in criminal behavior which is neither admitted nor denied, yet which has cost JPM nearly $30 billion in the past several years, has just had its latest “wristslapping” incident, one which involves none other than the recently departed CEO of JPM Asia, Fang Fang, whose office was raided on March 26 by Hong Kong’s anti-corruption agency amid a U.S. investigation into the bank’s hiring practices as reported by Bloomberg.

fang fang

From Bloomberg:

The Independent Commission Against Corruption seized computer records and documents after searching the office of Fang Fang, the company’s outgoing chief executive officer for China investment banking, said the people, who asked not to be identified because the investigation is confidential.

Continue reading »

Tags: , , , , ,

Mar 29

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

- Pushing Toward The Final War (Paul Craig Roberts, March 28, 2014):

Does Obama realize that he is leading the US and its puppet states to war with Russia and China, or is Obama being manipulated into this disaster by his neoconservative speech writers and government officials? World War 1 (and World War 2) was the result of the ambitions and mistakes of a very small number of people. Only one head of state was actually involved–the President of France.

In The genesis Of The World War, Harry Elmer Barnes shows that World War 1 was the product of 4 or 5 people. Three stand out: Raymond Poincare`, President of France, Sergei Sazonov, Russian Foreign Minister, and Alexander Izvolski, Russian Ambassador to France. Poincare` wanted Alsace-Lorraine from Germany, and the Russians wanted Istanbul and the Bosphorus Strait, which connects the Black Sea to the Mediterranean. They realized that their ambitions required a general European war and worked to produce the desired war.

Continue reading »

Tags: , , , , , , , , , , ,