Oct 20

How stupid can they get?

( I know, I shouldn’t even dare to ask such a question.)


- What Happens When 30,000 People Run The Beijing “Airpocalypse” Marathon In “Hazardous” Smog (ZeroHedge, Oct 19, 2014):

Some 30,000 participants were wondering if the organizers of today’s 34th Beijing International Marathon would cancel the event after “a toxic fog enveloped the Chinese capital and smog levels soared to “hazardous” levels.” Adding to the confusion, and concerns, even the People’s Daily, the Communist Party’s mouthpiece newspaper, cautioned athletes against taking part in the 26.2-mile race, reporting that Beijing’s air was “not suitable for outdoor activities”.  As the Telegraph reports, “Beijing authorities admitted their city’s air was “severely polluted” on Sunday while the US embassy, which also monitors smog levels, described the situation as “hazardous”. The Marathon organizers’ answer, however, was that the Marathon would proceed as scheduled. Continue reading »

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Oct 19

- Welcome To Arcadia – The California Suburb Where Rich Chinese Stash Cash In McMansions (Liberty Blitzkrieg, Oct 16, 2014):

The city, population 57,600, projects that about 150 older homes—53 percent more than normal—will be torn down this year and replaced with mansions. The deals happen fast and are rarely listed publicly. Often, the first indication that a megahouse is coming next door is when the lawn turns brown. That means the neighbor has stopped watering and green construction netting is about to go up.

Arcadia is a concentrated version of what’s happening across the U.S. The Hurun Report, a magazine in Shanghai about China’s wealthy elite, estimates that almost two-thirds of the country’s millionaires have already emigrated or plan to do so.

– From the Bloomberg article: Why Are Chinese Millionaires Buying Mansions in an L.A. Suburb?

The surge in foreigners buying up U.S. real estate has been well documented in recent years. Of all this buying, no nation has demonstrated a bigger increase in purchases than China. In fact, it is estimated that 24% of all foreign purchases of domestic real estate this year have come from China, up 72% from last year. In my post from July, Chinese Purchases of U.S. Real Estate hit $22 Billion as The Bank of China Facilitates Money Laundering, I noted that:

In some California communities, 90% of real estate buyers are from China. Yes, 90%. Naturally, many of them are buying multi-million dollar homes in “all cash” transactions. Continue reading »

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Oct 18

- Jim Rogers Warns: Albert Edwards Is Right “Sell Everything & Run For Your Lives” (ZeroHedge, Oct 17, 2014):

From Bitcoin to the Swiss gold referendum, and from Chinese trade and North Korean leadership, Jim Rogers covers a lot of ground in this excellent interview with Boom-Bust’s Erin Ade. Rogers reflects on the end of the US bull market. citing a number of factors from breadth to the end of QE, adding that he agrees with Albert Edwards’ perspective that now is the time to “sell everything and run for your lives,” as the “consequences of [The Fed] are now being felt.” Most notably though, Rogers believes the de-dollarization is here to stay as Western sanctions force many nations to find alternatives. Simply put, Rogers concludes, “we are all going to pay a terrible price for all this money-printing and debt.”

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Oct 14

Chairman of the Shanghai Gold Exchange (SGE) Xu Luode

- Shanghai Exchange Chairman Admits China Gold Demand Topped 2000 Tonnes In 2013 (ZeroHedge, Oct 13, 2014):

After all evidence presented, the amount of Chinese non-government gold demand in 2013. At the LBMA forum in Singapore June 25, 2014, one of the keynote speakers was chairman of the Shanghai Gold Exchange (SGE) Xu Luode. In his speech he made a few very candid statements about Chinese consumer gold demandthat according to Xu reached 2,000 tonnes in 2013. In contrast to the Word Gold Council (WGC) that states Chinese gold demand was 1,066 tonnes in 2013. Xu’s speech has now finally been translated and published in the LBMA magazine The Alchemist #75.

Xu’s statements once again confirm what I have been writing for months. SGE withdrawals equal Chinese wholesale demand: Continue reading »

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Oct 14

- China, Russia Sign CNY150 Billion Local-Currency Swap As Plunging Oil Prices Sting Putin (ZeroHedge, Oct 13, 2014):

While it is beyond a doubt that the primary catalyst for Europe’s triple-dip recession has been the nearly two quarters and counting of escalating Russian sanctions that were supposed to solely harm Putin (because who could have possibly foreseen that plunging German exports to Russia would have a far greater impact on the export-driven German economy), the truth is that the Kremlin itself is starting to hurt, if not so much as a result of the European trade embargo but mostly due to crashing oil prices, which have been driven lower almost exclusively by Saudi Arabia as part of its most recent secret bargain with the US, a bargain which as we read today is likely to tear OPEC apart.

One place where Russia has been hit the hardest as a result of tumbling oil prices, is the crashing currency, with the Ruble hitting new record lows against the USD on a daily basis. In fact, as Bloomberg reports, Russia has been forced to spend a whopping $6 billion in just the past 10 days to slow down the tumble of the RUB: Continue reading »

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Oct 14

… and rightfully so:

- Entire ‘Occupy Central’ Protest Scripted In Washington

- Dr. Paul Craig Roberts: US Government Is Funding The Hong Kong ‘Student Protests’

- US Openly Approves Hong Kong Chaos it Created


- China Claims US Behind Hong Kong Protests (The Diplomat, Oct 12, 2014):

A commentary in the official newspaper of the Chinese Communist Party on Saturday accused the U.S. of trying to foment a “color revolution” in Hong Kong.

The commentary, which was entitled “Why is the U.S. so keen on ‘Color Revolutions’?”, appeared on the front page of the The People’s Daily overseas editions on Saturday. The People’s Daily is the official newspaper of the Chinese Communist Party.

The commentary deems it “inevitable” that the U.S. actions towards Hong Kong “will be associated with the US involvement in the ‘Color Revolutions’ in the Commonwealth of Independent States, the Middle East, North Africa and elsewhere.” The People’s Daily then slams the U.S. for pretending to be interested in democracy when it is really only trying to advance its “strategic interests.” For the United States, the commentary claims, a “‘democratic’ country is one that conducts its affairs in line with American interests.”

The commentary ends by stating that “U.S. may enjoy the sweet taste of interfering in other countries’ internal affairs, but on the issue of Hong Kong it stands little chance of overcoming the determination of the Chinese government to maintain stability and prosperity.” Continue reading »

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Oct 12

air-pollution-china-hazardous

- Heavy air pollution blankets northern China, reaches ‘hazardous’ levels (RT, Oct 10, 2014):

Beijing raised its pollution alert from yellow to orange, the second highest, Friday as pollution levels reached 20 times recommended limits.

By 4pm Friday the Air Quality index in Beijing reached 470, with anything over 300 considered severe pollution, while in neighboring Hebei province Dangerous PM2.5 particles climbed above 500 micrograms per cubic meter, forcing the Chinese authorities to issue an “orange” warning.

The World Health Organization’s recommended expose is 25. PM2.5 particles lodge deep inside the lungs and are considered the most dangerous kind of air pollution to human health. Continue reading »

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Oct 11

- China’s Own “Ebola” Claims Another 1826 Cases (ZeroHedge, Oct 10, 2014):

While Ebola is getting all the headlines, China is dealing with “the worst outbreak in decades” of Dengue Fever. As ITAR-TASS reports, the outbreak of the mosquito-borne disease in China has killed six people and infected more than 27,200 according to Chinese health officials. Just today, the epidemic has infected 1,826 more people in the Guangdong Province alone. But it’s not just China, last month Malaysia reported that dengue fever deaths had more than tripled in 2014, while Japan recently saw its first outbreak in 70 years with many contracting the illness at Tokyo’s popular Yoyogi Park. Continue reading »

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Oct 10

- US Farmers Launch Billion Dollar Legal Actions over China GM Corn Export Scandal (Sustainable Pulse, Oct 8, 2014):

Seed giant Syngenta faces billion-dollar class actions in three states, claiming China is rejecting U.S. corn shipments because Syngenta released a genetically altered variety before the crop was approved for export to China.

Source: www.courthousenews.com

Syngenta “destroyed the export of U.S. corn to China and caused depressed prices for all domestic corn,” Omaha-based Volnek Farms claims as lead plaintiff in a $1 billion claim in Omaha Federal Court. Continue reading »

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Oct 05

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image source

- Entire “Occupy Central” Protest Scripted in Washington (Activist Post, Oct 5, 2014):

Protest co-organizer Martin Lee sets stage, introduces “Occupy Central” characters in April 2014 talk before US State Department’s National Endowment for Democracy.

The slogans, leaders, and agenda of the “Occupy Central” movement are supposedly the manifestations of Hong Kong’s desire for “total democracy,” “universal suffrage,” and “freedom.” In reality, the leaders of “Occupy Central” are verified to be directly backed, funded, and directed by the US State Department , its National Endowment for Democracy (NED), and its subsidiary, the National Democratic Institute (NDI). Continue reading »

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Oct 05

- OccupyCentral Protesters End Government Building Blockade After Hong Kong Police Unleash Tear Gas, Pepper Spray “To Avoid Injuries”  (ZeroHedge, Oct 5, 2014):

UPDATE: According to the latest feed from OccupyCentral, protesters are refusing to leave the Lung Wo Road government building blockade…

After a night of ‘some’ discussions and a re-escalation of violence – which saw police use tear gas and pepper spray (in their words avoiding the use of batons and “reducing injuries”), OccupyCentral protesters have decided to leave the area outside the Hong Kong office of Chief Executive Leung Chun-ying in Mong Kok. Protesters are reportedly moving back towards the Admiralty site where thousands remain ahead of tomorrow’s deadline ultimatum from the HK leader. Officials are in full court press PR mode, explaining on every TV channel and media outlet just how significant the disruptions will be on Monday to the general public (notably the older generation as 95% of OccupyCentral protesters are between 15 and 25). Protest leaders have agreed to continue dialog with the government if protest sites are protected and while tomorrow’s deadline may see more escalation (in the name of public order), as The Telegraph notes, given the age of the protesters, Hong Kong could face decades of protests.

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Oct 04

Hong Kong protest

Violence Erupts As Hong Kong’s Leader Threatens To Use “All Necessary Measures To Restore Social Order” (ZeroHedge, Oct 4, 2014):

Having tried (unsuccessfully) to break up the pro-democracy protesters in the heart of Hong Kong using local triad gangs (as opposed to the optics of actual police), it appears the Chinese government is rolling back from its “wait-and-see” approach and becoming more aggressive once again. Hong Kong’s Chief Executive Leung Chun-ying, as DPA reports, demanded protesters end their blockade of major roads by Monday, or the government will take “all necessary measures to restore social order.” Tensions continue to rise, with clashes breaking out sporadically, as the protesters have broken off talks with the government. As fears of another Tiananmen square debacle loom, former Hong Kong governor Chris Patten noted, “I cannot believe it would be so stupid as to do anything like send in the army.”

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Oct 04

Why The Chinese Admire “Putin The Great” (ZeroHedge, Oct 4, 2014):

As The Wall Street Journal’s Jeremy Page writes, In the recommended-reading section of Beijing’s Wangfujing bookstore, staff members have no doubt which foreign leader customers are most interested in: President Vladimir Putin, or “Putin the Great” as some Chinese call him.

Books on Mr. Putin have been flying off shelves since the crisis in Ukraine began, far outselling those on other world leaders, sales staff say. One book, “Putin Biography: He is Born for Russia,” made the list of top 10 nonfiction best sellers at the Beijing News newspaper in September. Continue reading »

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Oct 04

- As Deadline Passes, Hong Kong Pro-Democracy Protesters Attacked By “Pro-Government” Mob (131 Injured) – Caught On Tape (ZeroHedge, Oct 3, 2014):

UDPATE: AP reports, Hong Kong protesters shelve talks with government after mob tries to drive them from streets.

It appears the government’s “wait-‘em-out” tactic is working (optically) as The WSJ reports, angry crowds (of pro-government gangs) descended on pro-democracy protesters in Hong Kong on Friday, causing clashes and threatening to derail talks with the government. After Leung’s refusal to step-down ahead of the protesters’ deadline, government officials called for dialog but OccupyCentral exclaimed “if the government does not immediately prevent the organized attacks on supporters of the Occupy movement, the students will call off dialogue on political reform with the government.” Some protest opponents tore down banners with words calling for Mr. Leung to resign, while others removed tents set up by pro-democracy crowds to shelter themselves. Continue reading »

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Oct 03

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.

- US Government Is Funding The Hong Kong “Student Protests” (Paul Craig Roberts, Oct. 1, 2014):

US Government Is Funding The Hong Kong “Student Protests”
Guest column by Tony Cartalucci

By Tony Cartalucci
Global Research, October 01, 2014

Url of this article:
http://www.globalresearch.ca/us-now-admits-it-is-funding-occupy-central-in-hong-kong/5405680

Just as the US admitted shortly after the so-called “Arab Spring” began spreading chaos across the Middle East that it had fully funded, trained, and equipped both mob leaders and heavily armed terrorists years in advance, it is now admitted that the US State Department through a myriad of organizations and NGOs is behind the so-called “Occupy Central” protests in Hong Kong.
The Washington Post would report in an article titled, “Hong Kong erupts even as China tightens screws on civil society,” that: Continue reading »

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Oct 03

- US Openly Approves Hong Kong Chaos it Created (nsnbc, Sep. 30, 2014):

By Tony Cartalucci

The “Occupy Central” protests in Hong Kong continue on – destabilizing the small southern Chinese island famous as an international hub for corporate-financier interests, and before that, the colonial ambitions of the British Empire. Those interests have been conspiring for years to peel the island away from Beijing after it was begrudgingly returned to China in the late 1990′s, and use it as a springboard to further destabilize mainland China.

Behind the so-called “Occupy Central” protests, which masquerade as a “pro-democracy” movement seeking “universal suffrage” and “full democracy,” is a deep and insidious network of foreign financial, political, and media support. Prominent among them is the US State Department and its National Endowment for Democracy (NED) as well as NED’s subsidiary, the National Democratic Institute (NDI).

White-House_USA_Hong-Kong_ATN
Image: The US now openly supports chaos on the streets of Hong Kong, this after condemning “occupy” protests in Bangkok earlier this year. The difference being in Thailand, protests sought to oust a US proxy, Hong Kong protests seek to put one into power.

Now, the US has taken a much more overt stance in supporting the chaos their own manipulative networks have prepared and are now orchestrating. The White House has now officially backed “Occupy Central.” Reuters in its article, “White House Shows Support For Aspirations Of Hong Kong People,” would claim: Continue reading »

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Sep 30

- China Housing Bubble Bursts: Q3 Land Sales Crater 50% (ZeroHedge, Sep 29, 2014):

China may be doing everything in its power to divert attention from the simple fact that its housing bubble, the largest in the world in terms of both assets comprising it as well as divergence from fair value, has burst. But while there is no clear threshold of what constitutes a bursting bubble when it comes to housing, the latest data out of Soufun, China’s largest real-estate website, which said that land sales have dropped a massive 22% to 1.7 trillion Yuan in 2014 so far, is likely as clear an indication as any that Beijing is about to panic.

And if that was not enough Bloomberg adds that land sales in 300 cites followed by Soufun fell almost 50% Y/Y to 415.9 billion yuan in 3Q, while residential land sales declined more than 50% to 265.3b yuan in 3Q. Continue reading »

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Sep 30

- Stunning Drone Clip Reveals Massive Size Of Hong Kong Protest (ZeroHedge, Sep 29, 2014):

Ferguson was for amateurs.

For those curious why the Hong Kong protests over the weekend have sent shivers across the world’s capital markets, pushed the Hang Seng 2% lower, and impacted both European and US futures, not to mention leading to worries that China may get involved any second and result in another Tiananmen square event, the following clip from HK’s Apple Daily, taken by a drone, shows just how massive the demonstrations, which according to some estimates involved just why of 100,000 people, taking place in Hong Kong are.

As Mashable adds, “far from a small protest by a limited number of outspoken citizens, the video shows just how large the movement to preserve Hong Kong’s democratic elections has become. Currently, the protests have grown so large that parts of Hong Kong’s business district have been brought to a standstill, prompting the temporary closure of 17 local banks. In addition to the drone footage, Apple Daily has also posted a live video stream of the protests, allowing the world to watch as events develop in real time.”

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Sep 30

- Hong Kong Stocks Tumble Erase 2014 Gains, Volatility Soars As Protests Freeze City: Full Summary (ZeroHedge, Sep 29, 2014):

The Hong Kong protests, which we covered over the weekend, and which took a dramatic turn for the worse overnight when thousands of students camped out and demand universal suffrage on the city streets and were in turn tear-gassed and arrested en masse by the local riot police demanding students disperse or else, and where the leader of the student protest, Joshua Wong – who had been previously arrested and was released on Sunday night – has openly called for the resignation of Hong Kong Chief Executive Leung Chun-ying in an interview with Hong Kong Cable TV, have done the unthinkable: they have impacted financial markets and the “wealth effect” transmission mechanism of the local billionaires.

Here as a summary of the latest market activity via Bloomberg:

  • Hang Seng Index declines 2.25% after falling as much as 2.5%, most since Feb. 4; erases YTD gains
  • MSCI Hong Kong Index drops as much as 3.2%, most since Nov. 2011
  • HSI Volatility Index surges as much as 27%, most since Aug. 2011
  • HKD weakens as much as 0.09% against USD to HK$7.7648, most since Dec. 2011 Continue reading »

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Sep 28

“Disperse Or We Fire”- Hong Kong Police Fire Tear Gas At Protesting Students: Live Webcast (ZeroHedge, Sep 28, 2014):

Yesterday we reported that the biggest riot over the weekend was not in Ferguson (although things there are hardly stable after a local police officer was shot in the violent town overnight) but in Hong Kong, where students and other mostly young people are protesting the recent loss of their democratic vote powers and thus “the loss of their freedom.” Since then things have gotten from bad to worse when late last night Hong Kong declared the start of the Occupy Central disobedience campaign, leading to violent skirmishes with the police, which over the past hour have included the use of tear gas by the police as well as the first outright warning by the cops demanding that the student protesters disperse or risk being fired upon.

protests_0

From WSJ:

A standoff between police and pro-democracy protesters intensified near where thousands have converged in the past days to demand free elections. Continue reading »

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Sep 27

This Riot Is Not In Ferguson, It Is In Hong Kong (ZeroHedge, Sep 27, 2014):

No, this is not Ferguson: it is, according to many, the world’s most capitalist city, Hong Kong, where over the past few hours, around 50,000 students are said to have massed on late Saturday, demanding more democracy, as tensions grew over Beijing’s decision to rule out free elections in the former British colony.

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Sep 25

- China “Faked, Forged” Documents For Exports And Imports: At Least $10 Billion In Fake Trade Exposed (ZeroHedge, Sep 25, 2014):

As we have reported since May 2013, when we explained the role of Commodity Funding Deals in Chinese “trade” and especially in the laundering of hot money flows, and most recently when we followed up on the first revelations that unknown amounts of physical commodities had been corizined in China’s port of Qingdao, one of the key uses of monetary commodities in China is for purposes of “trade” in the form of FX loans, and especially to artificially boost exports by way of fake trade invoicing. Well, like a recovering junkie addicted to fabricated data, China finally admitted it has a problem when overnight it “uncovered almost $10 billion in fraudulent trade nationwide as part of an investigation begun in April last year, including many irregularities in the port of Qingdao, the country’s currency regulator said today.”  “Some companies used the trade channel to bring in hot money,” said Zhou Hao, a Shanghai-based economist at Australia & New Zealand Banking Group Ltd. SAFE’s investigation “will likely further cool down hot money inflows and commodity imports could slow as banks will likely conduct more careful checks on documentation.

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Sep 24

xi-jinping-vladimir-putin

- China Says It Will Never Support Sanctions Against Russia (ZeroHedge, Sep 24, 2014):

We already know that Obama’s definition of “costs” leaves something to be desired. Apparent so does his definition of “isolation”, used for example, here:

Russia is already more isolated than at any time since the Cold War” – President Obama, August 2014

Well, maybe not. From Itar-Tass

China will never support or join recently imposed sanctions against Russia, Valentina Matviyenko, the speaker of the Russian parliament’s upper chamber, said on Tuesday following her talks with Chinese President Xi Jinping. 

The speaker of the Federation Council quoted the Chinese president as saying, that China will never support sanctions against Russia, no matter how much pressure is exerted on them. Continue reading »

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Sep 24

china-shanghai-gold-exchange

- China Moves To Dominate Gold Market With Physical Exchange (ZeroHedge, Sep 23, 2014):

China is slowly moving to dominate the global gold market and it is important to join the dots regarding a few key recent developments in China relating to gold.

When the International Board of the Shanghai Gold Exchange (SGE) was launched last Thursday September 18 during an evening trading session, it was notable that the first transactions were put through by a diverse group comprising HSBC, MKS (Switzerland), and the Chinese banks,  ICBC, Bank of China and Bank of Communications.

MKS is the Geneva headquartered precious metals trading group that also owns the large PAMP refinery company in Switzerland.  Continue reading »

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Sep 23

Flashback:

- Putin: ‘Will We Help Syria? We Will’ – ‘I Do Not Want To Think That Any Other Country Will Be Subjected To Any External Aggression’

- Putin Warns U.S. Not To Launch Attack In Syria

- ‘We Have Our Plans’: Vladimir Putin Warns U.S. Against Syria Military Action

- Putin Again Warns Netanyahu Hands Off Syria

- Putin: Russia Will Not Tolerate Another Israeli Attack On Syria And Would Respond


- Israel Joins The Fighting, Shoots Down Syrian Warplane Which Acted In “Threatening Manner” (Zerohedge, Sep 23, 2014):

Whether as a result of recent icy to quite icy diplomatic relations between the two nations, or just because it has other motives, Israel had clearly abstained from joining the US effort to contain the CIA-created ISIS terrorist juggernaut. However, overnight, with the US finally doing what Israel has hoped it would do for so long, namely being engaged in a bombing campaign of Syria (recall that it was Israel which was one of the biggest supporters of a US-led military intervention in Syria in the summer of 2013), it decided “hell, why not” and joined the fray, when shortly before 3 am Eastern time, this hit:

  • ISRAELI SAYS IT DOWNED SYRIAN AIRCRAFT IN ISRAELI AIRSPACE
  • ISRAELI ARMY SAYS DOWNED SYRIAN AIRCRAFT WAS FIGHTER JET

Quite notable because it was the first time in three decades that Israel had downed a Syrian warplane, so Israel needed a strong pretext for such aggression. An aggression, incidentally, not against ISIS, but Assad’s regime itself, which clearly is what Obama’s latest operation is all about – to take down a sovereign while doing the bidding of Qatar and Saudi Arabia, just like in 2013.

And then Israel, oddly, revised the story:

  • ISRAEL SHOOTS DOWN SYRIAN WARPLANE NEAR BORDER: ISRAEL ARMY

So… it may not have been in Israel airspace. But then, why? Oh, here’s why:

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Sep 23

- China’s Economy Slams On The Brakes: 30% Of Coal Miners Unable To Pay Employees On Time (Zerohedge, Sep 22, 2014):

More than 70 per cent of the country’s coal miners were losing money and had cut salaries. Translated: widespread wage deflation, in a country where M2 is expected to grow at a double digit pace. And the really bad news: “About 30 per cent of the industry’s miners had not been able to pay their employees on time and a further 20 per cent had cut salaries by more than 10 per cent, the Economic Information Daily, a Xinhua-affiliated newspaper, reported on Monday.”

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Sep 23

- Trading giant Cargill sues Syngenta over lost profits due to unapproved GM corn (Natural News, Sep 23, 2014):

Cargill is a vast USA-based agribusiness with a multinational empire that dominates the food industry in exporting grains, producing food additives and providing processed food products to McDonalds.

Cargill is in the food-trading business purely for control and profit, and they are pro-GMO, of course. Nutritional quality is of no concern. But they don’t like it when their export sales are spoiled by a GMO company’s effort to insert their corn product into a large shipment exported by Cargill to China, a nation that hasn’t approved it.

The corn was from Syngenta’s Agrisure Viptera (MIR162) seed, which was approved for cultivation in the United States in 2010. But the Chinese government had not approved this genetic strain. Earlier, China had declared GMOs safe and acceptable and became the target of GMO producers and grain traders, especially Cargill.
Continue reading »

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Sep 23


Jun 10, 2014

See also:


Sep 24, 2013

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Sep 22

- The PetroYuan Cometh: China Docks Navy Destroyer In Iran’s Strait Of Hormuz Port (ZeroHedge, Sep 21, 2014):

Since China fired its first ‘official’ shot across the Petrodollar bow a year ago, there has been an increasing groundswell of de-dollarization across the world’s energy trade (despite Washington’s exclamations of ‘isolated’ non-dollar transactors). The rise of the PetroYuan has not been far from our headlines in the last year, with China increasingly leveraging its rise as an economic power and as the most important incremental market for hydrocarbon exporters, in the Persian Gulf and the former Soviet Union, to circumscribe dollar dominance in global energy – with potentially profound ramifications for America’s strategic position. And now, as AP reports, for the first time in history, China has docked a Navy Destroyer in the Southern Iranian port of Bandar-Abbas – right across the Straits of Hormuz from ‘US stronghold-for-now’ Bahrain and UAE.

The rise of the PetroYuan has not been far from our headlines in the last year: Continue reading »

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Sep 22

Putin-Gold

- This Is Why China Russia & China Are Now “The Enemy” (The Burning Platform, Sep 20, 2014):

The suppression of gold prices is essential at all costs to the Anglo-American banking interests. The saber rattling and attempts to lure Russia and China into military conflict are about who controls the financial world.

Russia and China keep accumulating the eternal currency – gold.

russia-gold

China-Gold

The American Empire and their EU disciples continue to accumulate debt and print fiat currencies. Has fiat paper ever won out over gold in the long-run? Change is coming. Revolution is in the air.

You can sense the desperation of the ruling oligarchs. Their fiat world is beginning to crumble. But they will not go without a bloody fight.

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