Jul 23

Flashback:

- This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied – THE SEQUEL


- Frontrunning: July 23 (ZeroHedge, July 23, 2014):

  • Here come the gates which we predicted in 2010: SEC Is Set to Approve Money-Fund Rules (WSJ)
  • Dick’s cuts 400 jobs as golf now less popular (MW)
  • Kerry arrives in Israel, pushes for peace (Reuters) (Sure!)
  • Pay Penalty Haunts Recession Grads as U.S. Economy Mends (BBG)
  • Appeals Courts Issue Conflicting Rulings on Health-Law Subsidies (WSJ)
  • Rebel Stronghold Donetsk Holds Breath as Shellfire Mounts (BBG)
  • Business executive wins Georgia Republican runoff in U.S. Senate race (Reuters)
  • Five held in China food scandal probe, including head of Shanghai Husi Food (Reuters)
  • Jobs Hold Sway Over Yellen-Carney as Central Banks Splinter (BBG)

Overnight Media Digest

WSJ

* Two U.S. appeals courts issued conflicting rulings on subsidies for health coverage purchased on federal insurance exchanges, clouding a major part of Obama’s health law. (http://on.wsj.com/1pb81yo)

* The Federal Reserve Bank of New York found that Deutsche Bank AG’s U.S. operations suffer from a litany of serious financial reporting problems that the lender has known about for years but not fixed. (http://on.wsj.com/1jUoOXe) Continue reading »

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Jul 23

“Ordo ab chao.”

Chaos comes first and the Illuminati have planned to create chaos, lots of it.

Prepare for the greatest fiancial collapse in world history.


East-And-West

- New World Disorder: Emerging Division Between East And West Threatens To Plunge The Globe Into Chaos (Economic Collapse, July 21, 2014):

 In general, over the last several decades the world has experienced an unprecedented era of peace and prosperity.  The opening up of relations with China and the “end of the Cold War” resulted in an extended period of cooperation between east and west that was truly unique in the annals of history.  But now things are shifting.  The civil war in Ukraine and the crash of MH17 have created an enormous amount of tension between the United States and Russia, and many analysts believe that relations between the two superpowers are now even worse than they were during the end of the Cold War era.  In addition, the indictment of five PLA officers for cyber espionage and sharp disagreements over China’s territorial claims in the South China Sea (among other issues) have caused U.S. relations with China to dip to their lowest point since at least 1989.  So could the emerging division between the east and the west ultimately plunge us into a period of global chaos?  And what would that mean for the world economy? Continue reading »

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Jul 22

Relatzed info:

- Ukrainian Su-25 Fighter Detected In Close Approach To MH-17 Before Crash

- FINAL: Spanish Air Controller @ Kiev Borispol Airport: Ukraine Military Shot Down Boeing MH-17

- Why Did MH-17 Divert From Its Usual Flight Plan, Why Did It Fly Above Restricted Airspace?

- Ukraine’s Security Service Has Confiscated Air Traffic Control Recording


China's President Xi Jinping (front R) walks with Russia's President Vladimir Putin

- China Blasts “One-Sided Western Rush To Judge Russia” Over MH17 (ZeroHedge, July 21, 2014):

The West has successfully put itself in a position to dictate ‘political correctness’ in international discourse,” China exclaims via a Global Times editorial on MH17 on Monday, “those unwilling to work with Western interests will often find themselves in a tough position.” China’s first public statement that “The Western rush to judge Russia is not based on evidence or logic,” comes on the heels of Vladimir Putin’s address last night jabbing the West “no one should not have the right to use this tragedy to achieve selfish political objectives.” China appears to have crossed the line, siding very clearly with Russia as they conclude, “It is yet another example of the power of Western opinion as a political tool.” Continue reading »

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Jul 22

China Sends Surveillance Ship To Hawaii In Retaliation To US Navy Build Up In Its Back Yard (ZeroHedge, July 21, 2014):

China has had enough with diplomacy.

Shortly after China’s president Xi Jinping warned that “a conflict between China and United States will definitely be a disaster for the two countries and the world” a seemingly tone-deaf US responded by unleashing even more military forces in China’s back yard, and announcing it was developing new military tactics to deter China’s slow but steady territorial advances in the South China Sea, including more aggressive use of surveillance aircraft and naval operations near contested areas. The message was clear: pleasantries are great, but immediately halt any territorial ambitions which impact American allies in the region. Continue reading »

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Jul 20

BRICS Plan To Become “Political Alliance” To Reform The International Financial System (ZeroHedge, July 19, 2014):

As the world slowly turns against US Dollar hegemony, it appears the BRICS are pressing to fill any gaps. Having created the BRICS Bank “alternate to The West-controlled IMF or World Bank,”Xinhua reports that Russian Foreign Minister Sergei Lavrov believes the BRICS mechanism has been fully developed and can now transform into a political alliance to “reform the international financial system.”

BRICS-happy

As Xinhua reports,

The BRICS mechanism has been fully developed and can transform into a political alliance, Russian Foreign Minister Sergei Lavrov said Friday.

“BRICS grows and matures in all directions,” the diplomat told state-run Rossiya 24 TV channel. Continue reading »

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Jul 18

From the article:

“Actually, the main reason why a deluge of defaults is inevitable, whether Beijing likes it or not, is that as we will report shortly, far from enaging in any deleveraging or “tapering” of credit injections, in the first quarter, Chinese banks saw the biggest increase in their assets in history! And since the bulk of these are in the form of loans going to already insolvent and materially impaired business, all China is doing now is throwing trillions in good money after bad. Which also means that in deciding to delay the Minsky unwind if only by a few months, China has just assured that when the collapse finally comes, it will be that much more acute.”


Second Chinese Bond Default On Deck (ZeroHedge, July 17, 2014):

It seems like it was only yesterday when the first official Chinese corporate default in history (there have been many other ones in the past but all were quickly masked by the government to avoid a panic), Chaori Solar, entered the history books. Now it’s time for default number in the country’s onshore bond market as Huatong Road & Bridge Group, a company whose businesses includ bridge and highway construction, real estate, coal, eco-friendly construction materials and agriculture-related projects, based in the northern province of Shanxi, said it may miss a 400 million yuan ($64.5 million) note payment due July 23, according to a statement to the Shanghai Clearing House yesterday.

Continue reading »

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Jul 17

In my opinion gold in (extended or permanent) backwardation is signalling a total loss of confidence in the $US Dollar and is a clear sign that the dollar endgame is here.

The Great Depression will soon look like a walk in the park.


Dollar-Endgame

- When You See This Happen, You Know It’s Game Over For The Dollar (ZeroHedge, July 16, 2014):

Exactly 70 years ago to the day, hundreds of delegates from 44 nations were busy at work in Bretton Woods, New Hampshire creating a brand new financial system.

World War II had just ended. Europe was in ruin.

And since the US was simultaneously the largest economy in the world, the primary victor in the war, and the only major power with its productive capacity intact, it was easy to dictate terms: the dollar would dominate the new system.

Every nation would hold dollars as the primary reserve currency, and the dollar would be redeemable for gold at $35/ounce. Continue reading »

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Jul 16

See also:

- 9 EU Countries Ready To Block Economic Sanctions Against Russia

Obama-Facepalm-1

crash-dollar


brics-bank-currency-pool
(L to R) Russia’s President Vladimir Putin, India’s Prime Minister Narendra Modi, Brazilian President Dilma Rousseff, China’s President Xi Jinping and South Africa’s President Jacob Zuma join their hands during the official photograph of the 6th BRICS summit in Fortaleza, Brazil, on July 15, 2014 (AFP Photo)

- BRICS establish $100bn bank and currency reserves to cut out Western dominance (RT, July 15, 2014):

The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar.

The new bank will provide money for infrastructure and development projects in BRICS countries, and unlike the IMF or World Bank, each nation has equal say, regardless of GDP size.

“BRICS Bank will be one of the major multilateral development finance institutions in this world,” Russian President Vladimir Putin said on Tuesday at the 6th BRICS summit in Fortaleza, Brazil. Continue reading »

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Jul 16

- US loses multi-billion dollar court cases against China and India (RT, July 15, 2014):

The World Trade Organization agreed on Monday this week to side with claims against the United States made by both China and India concerning US-imposed tariffs on products exported to America.

In both instances, the WTO ruled against the US and decided in favor of the major BRICs countries, who for two years now have each asked the organization to intervene and weigh in on America’s use of tariffs to tax certain imports dating back to 2007. Continue reading »

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Jul 15

- China Warns US To Stay Out Of South China Sea Dispute (ZeroHedge, July 15, 2014):

A week ago, China made it very clear to the US that while it is happy to preserve cordial relations and smile on photo ops, it had no problems with taking the US to task, and even the battlefield, financial or conventional, should the US – having lost most of its credibility in recent years – dare to interfere. It said it so clearly only an idiot could have misread it: “A conflict between China and United States will definitely be a disaster for the two countries and the world,” Xi said. “As long as we uphold mutual respect, maintain strategic patience and remain unperturbed by individual incidents and comments, we’ll be able to keep relations on a firm footing despite ups and downs that may come our way.”

China map

Sadly, since these days US foreign policy indeed appears to be run by idiots, instead of staying out of China’s way, the US responded by kicking the tiger in the teeth and escalated even further when it was reported that the US was unleashing even more military forces in China’s back yard, and is developing new military tactics to deter China’s slow but steady territorial advances in the South China Sea, including more aggressive use of surveillance aircraft and naval operations near contested areas. Continue reading »

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Jul 14

Hmmh.

Alex Jones now – like Obama – using the latest state of  the art MASS HYPNOSIS techniques of Dr. Milton Erickson, M.D. ?

Start listening from 12:50 into the video …

“Now is the time to …”

- PDF: Obama’s_Use_of_Hidden_Hypnosis_techniques_in_His_Speeches:

Elementary pacing examples from Obama include, “now is the time”, and “as I stand here before you.”

These statements are undeniably true in the simplest terms and commonly used parts of his pacing techniques, because of course now is the time, and if he is there speaking, of course he is standing before us.

These are things the hypnotist says that are verifiably true, and used to lower our critical factor defenses to allow implantation of subconscious messages.



Added: Jul 12, 2014

Related info:

- 70% Devaluation Of The US Dollar Coming – We Are Headed For A Crisis Of Biblical Proportions – IMF Christine Lagarde’s Warning! (Video)

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Jul 14

- China Fears iPhone Is “Threat To National Security” (ZeroHedge, July 12, 2014):

With threats and promises over cyber-crimes fleeting back and forth between the US and China, it appears – through the ‘back-channel’ of the nation’s state broadcaster CCTV – China has stepped it up once again. As AFP reports, China has accused US technology giant Apple of threatening national security through its iPhone’s ability to track and time-stamp a user’s location. While not exactly a ‘new feature’ of the phones, the timing of China’s public lambasting reflects the escalating mutual distrust between the US and China over the extent of cyber-espionage.

As AFP reports,

Chinese state broadcaster CCTV has accused US technology giant Apple of threatening national security through its iPhone’s ability to track and time-stamp a user’s location.

Continue reading »

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Jul 13

- What Americans Need to Know About Iran (Washington’s Blog, July 12, 2014):

Stunning Facts About Iran You’ve Never Heard Before

Preface: I was born in the U.S., and have lived here my whole life.  I am a patriotic American, and put America first. I come from a Judeo-Christian background, and I am not a Muslim. I’ve never been to Iran, or anywhere in the Middle East or Northern Africa, or to any Muslim country. 

However, I believe that learning about other people and other countries builds bridges that prevent costly and unnecessary war.

If Americans knew the following facts about Iran, it would change their opinion: Continue reading »

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Jul 11

US Responds To China “Global Disaster” Threat By Boosting Military Presence In China’s Back Yard  (Zerohedge, July 10, 2014):

Just when we thought US foreign policy couldn’t sink to new lows, it does just that.  Recall yesterday‘s less than veiled threat by China president Xi Jinping Xi called for greater military communication with the U.S., adding that “A conflict between China and United States will definitely be a disaster for the two countries and the world. As long as we uphold mutual respect, maintain strategic patience and remain unperturbed by individual incidents and comments, we’ll be able to keep relations on a firm footing despite ups and downs that may come our way.” So what does the US do? Nothing short of taking a machete and poking the Dragon in the mouth.

According to the FT, the US is developing new military tactics to deter China’s slow but steady territorial advances in the South China Sea, including more aggressive use of surveillance aircraft and naval operations near contested areas. “Our efforts to deter China [in the South China Sea] have clearly not worked,” said a senior US official.

China map

In other words, the US is doing precisely what China warned not to do, and what according to the Chinese president would lead to “disaster for the two countries.” Because clearly there is nothing a superpower in decline wants to do more than to antagonize its ascendent replacement, and all the other countries like Russia, France and Germany that are gravitating toward its power. Continue reading »

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Jul 11

china butterfly

A money-laundering butterfly flaps its wings in China… and the US housing market crashes?

- Did China Just Crush The US Housing Market? (Zerohedge, July 10, 2014)

 

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Jul 10

Always wanted to know the feeling of being in the eye of a monster hurricane?

Well, we all are in the eye of the biggest financial monster hurricane ever created, right now.

It’s already bad, but this is really nothing compared to what is coming.


- Frontrunning: July 10 (ZeroHedge, July 10, 2014):

  • Espirito Santo Financial Suspends Shares, Bonds on ESI Exposure (BBG)
  • Europe Stocks Drop for Fifth Day as Espirito Santo Sinks (BBG)
  • Espirito Santo Creditors Doubt Containment on Missed Payment (BBG)
  • French Stocks Seen Extending Losses on Economy Concern (BBG)
  • Stocks Slide With Portugal Bonds as Yen Gains; Oil Drops (BBG)
  • U.S. Probes Hacking of Government Computers at Personnel Agency (WSJ)… finds terabytes of porn
  • It’s Congress’ fault: Obama rejects criticism over border crisis (Reuters)
  • Israel Mobilizes 20,000 Troops for Possible Gaza Invasion (BBG)
  • Chinese hackers pursue key data on U.S. workers (NYT)
  • Donetsk Primed for Siege as Ukraine Army Hems In Rebels (BBG)

Overnight Media Digest

WSJ Continue reading »

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Jul 09

- The Glyphosate Toxicity Studies You’re Not Allowed to See (Sustainable Pulse, July 2, 2014):

On opposite sides of the globe, pesticide regulators are refusing to release to the public the key industry studies on glyphosate that underpin regulatory authorizations and safety limits set for the herbicide.

The Glyphosate Toxicity Studies You Are Not Allowed To See

Source: GM Watch, by Claire Robinson

Earlier this year a group of Chinese food safety volunteers submitted a request to China’s Ministry of Agriculture to disclose the study that justified issuing the safety certificate for the import into China of Monsanto’s glyphosate-based herbicide Roundup. The Ministry replied that Roundup was registered in China in 1988 based on a toxicology test report issued by a testing company called Younger Laboratories in St Louis, Missouri. The test was an acute exposure toxicity test (such tests last a maximum of a few days), with Roundup being given to rats by mouth and applied to the skin of rabbits. It claimed to find no effect on the eyes or skin, and no allergy.

The volunteers asked the Ministry to release the study, and the Ministry in turn asked Monsanto. Monsanto replied that the study constituted its own commercial secret, adding that the company had never disclosed the study anywhere in the world and did not agree to disclose it now. The volunteers are appealing against the decision.

It is hard to credit that China would approve a herbicide as safe to use and consume as residues in food over the long term on the basis of toxicity tests lasting just a few days. Continue reading »

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Jul 08

facepalm

- China Prepares To “Boost” Economy By Also Revising Its GDP Definition (ZeroHedge, July 8, 2014):

Now that even that bedrock of the Keynesian voodoo religion, the Gross Domestic Product calculation, has become a ridiculous farce, with everyone in Europe suddenly adding the uncalculable “contribution” from drug dealers and hookers all in a mad dash to make debt/GDP ratios appear better than they are, it is truly time to unleash the clowns as none other than the country which has taken fabricating economic data to an artform, no not the US for those confused but China, is preparing to change the way its calculates its GDP, with the biggest contribution coming from, hold on to your hats, R&D. One wonders if “reverse engineering” of pirated products and services is covered in this “non-GAAP GDP” category. The end result? GDP for the country which cumulatively will be several percentage points higher once the entire fudging/recasting exercise is completed. Continue reading »

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Jul 08

- Minimum Wage Consequences? iPhone 6 Will Be Made By “FoxBots” (ZeroHedge, July 7, 2014):

 

First it was burgers, then waiters, traders, and recently earnings-report-writers; but now it’s iPhones. The endless pressure to raise minimum wages, demand bathroom breaks, expect to sleep, and tolerable breathing standards have finally culminated in China’s FoxConn – manufacturer of the iPhone – to use a ‘robot army’ to build the new model. As The Daily Mail reports, The firm has pledged to have a million robot workers by the end of the year – and CEO Terry Gou has revealed the robots, dubbed ‘Foxbots’, are in the final stages of testing.

As The Daily Mail reports,

It is believed Foxconn will install 10,000 robots as a test. Continue reading »

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Jul 07

“This Could Be The Last Straw” 90% Of China Loan Guarantors Bankrupt (ZeroHedge, July 7, 2014):

In Wenzhou – dubbed the capital of China’s private businesses – nearly 90 per cent of loan guarantors have failed since the start of the credit crisis arising from the underground banking system, according to the media. As SCMP reports, although their services are critical for the economic system and the millions of small firms – that provide the majority of the mainland’s jobs – hundreds of loan guarantee groups are creaking under the weight of bad loans and are simply unable to bear any more. “It could become the last straw that breaks the camel’s back,” exclaims the head of a local law firm, “without the privately owned small businesses, China’s economy won’t have a future.” But PMIs are up so everything’s fine? Continue reading »

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Jul 07

Crony Capitalism Comes To China – Ex Central Bank Chief’s Son-In-Law In Insider-Trading Scandal (ZeroHedge, July 7, 2014): 

As China’s anti-corruption crackdown continues, the crony-capitalists are slowly exposed. As EJ Insight reports, the son-in-law of former PBOC governor and former Tianjin mayor Dai Xianglong bought millions of dollars of shares (via offshore entities) ahead of Beijing’s decision to allow mainland residents buy Hong Kong stocks directly. It appears the Chinese have learned a lot from the West.

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Jul 04

- By “Punishing” France, The US Just Accelerated The Demise Of The Dollar (ZeroHedge, July 4, 2014):

Not even we anticipated this particular “unintended consequence” as a result of the US multi-billion dollar fine on BNP (which France took very much to heart). Moments ago, in a lengthy interview given to French magazine Investir, none other than the governor of the French National Bank Christian Noyer and member of the ECB’s governing board, said this stunner at the very end, via Bloomberg:

  • NOYER: BNP CASE WILL ENCOURAGE ‘DIVERSIFICATION’ FROM DOLLAR

Here is the full google translated segment:

Q. Doesn’t the role of the dollar as an international currency create systemic risk?

Noyer: Beyond [the BNP] case, increased legal risks from the application of U.S. rules to all dollar transactions around the world will encourage a diversification from the dollar. BNP Paribas was the occasion for many observers to remember that there has been a number of sanctions and that there would certainly be others in the future. A movement to diversify the currencies used in international trade is inevitable. Trade between Europe and China does not need to use the dollar and may be read and fully paid in euros or renminbi. Walking towards a multipolar world is the natural monetary policy, since there are several major economic and monetary powerful ensembles. China has decided to develop the renminbi as a settlement currency. The Bank of France was behind the popular ECB-PBOC swap and we have just concluded a memorandum on the creation of a system of offshore renminbi clearing in Paris. We have very strong cooperation with the PBOC in this field. But these changes take time. We must not forget that it took decades after the United States became the world’s largest economy for the dollar to replace the British pound as the first international currency. But the phenomenon of U.S. rules expanding to all USD-denominated transactions around the world can have an accelerating effect.

In other words, the head of the French central bank, and ECB member, Christian Noyer, just issued a direct threat to the world’s reserve currency (for now), the US Dollar. Continue reading »

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Jul 03

We’ve been here before:

Flashback:

- Roosevelt Gold Confiscation In 1933: ‘No American Could Visit A Safe Deposit Box For Some Time Without A Government Agent Accompanying Him’

- What Gold Nationalization Really Means

- On This Day In 1933:

By January 1934, Roosevelt increased the dollar price of gold from $20.67 to $35, thus devaluing the dollar by 70 percentwhile increasing the value of gold that the government now owned.

Governments Worldwide Are Implementing Orwellian Gold Confiscation Today. You Just Haven’t Realized it Yet.

- What 40 Years Of Gold Confiscation By The US Government Looks Like

Only this time it will be much easier since the US dollar is backed by NOTHING.



Published on Jul 1, 2014

- Official 2014 IMF Forecast Based on ‘Magic Number Seven’-Steve Quayle (USAWatchdog, July 2, 2014):

Radio talk show veteran and 10 time published author, Steve Quayle, says dark powers are at work in the financial markets at the highest levels of global government.  Quayle contends, “First of all, the illuminati and the occult are one in the same with hidden meanings to the general population, but announcements to people on the inside.”  At the beginning of 2014, the head of the International Monetary Fund (IMF), Christine Lagarde, gave a primer on numerology to an audience at the National Press Club in Washington, D.C.  She did it as a set up to an official IMF forecast for “what we should expect for 2014.”   Why is this important now?  The IMF forecast was based on what Lagarde called the “magic 7,” and July is the seventh month of the year.  Lagarde is overtly using numerology to forecast big changes this year and this month.  For example, Lagarde pointed out that 2014 will “mark the 7th anniversary of the financial market jitters” that started in 2007.  If you individually add up the numbers of the year 2014 (2+0+1+4=7), you get the number 7.  Lagarde also said that 2014 “will mark the 70th anniversary, 70th anniversary, drop the zero, seven, of the Bretton Woods Conference that actually gave birth to the IMF” (7 + 0 = 7).  Lagarde also said, “And it will be the 25th anniversary of the fall of the Berlin Wall, 25th” (2 + 5 = 7).  Lagarde also brings up the G-20 out of nowhere.  Is that a reference to a date?  (G is the 7the letter of the alphabet and this might be a reference to 7/20/2014.)   Quayle explains, “People have to understand the number 7 to realize why this is critical.  The number 7 is used 287 times; it’s used in the Old and New Testament.  What is critical about this is these people rule their lives by the stars and numerology.  Never in anything have I monitored in my 25 years being on talk radio that I have witnessed such a blatant presentation of the number 7.  When she says it’s ‘quite a number,’ yes, it’s God’s number, but these people worship their god and their god is Lucifer.” Continue reading »

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Jul 03


Added: Jun 29, 2014

Description:

Chris Martenson, who holds a PhD in pathology and an MBA, contends 2008 was just a warm up to a much bigger calamity. Martenson says, “2008 was the shot across the bow, and that’s when our credit experiment broke, and we have been doing everything possible to paper over it since. . . . When you take real stuff out of the ground, you grow food, you take oil out of the ground, you process ore into steel, and you manufacture real things–that’s real wealth. The claims (such as stocks, bonds and currencies) have to be in proportion to the real wealth, and the claims have been growing and growing and growing for so long that they are way out of balance to the real stuff, and the real stuff isn’t growing like it used to. You can see that in the GDP numbers for the U.S. or the world at large. Growth is slowing, slowing, slowing, and the claims are getting larger and larger. This represents a huge and gigantic source of potential energy. There is a gap there and it’s going to get closed. Only one of two things are going to happen: (1) real stuff starts expanding like crazy, or (2) the claims get destroyed. That’s what we are talking about when we talk about a market crash. The claims get destroyed. People get wiped out. The people who don’t get ruined are people safely over in the real wealth already. If you own an unencumbered farm, if you own a productive asset, if you own gold or silver, or if you own your house outright, you are going to be vastly safer than . . . someone who is leveraged and hinged into this other system.”

Join Greg Hunter as he goes One-on-One with Chris Martenson co-founder of PeakProsperity.com.

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Jul 02

- Did Las Vegas Just Become China’s Billionaire New Money-Laundering Mecca? (ZeroHedge, July 2, 2014):

An odd thing has been happening in the last few months. Since the Chinese government began to crackdown on ‘junkets’ and ‘corruption’, Macau – the hub for Chinese billionaires to smuggle their money out of China – has seen revenues disappointing. So much in fact that, as Reuters reports, gambling revenue in Macau fell 3.7% in June on an annual basis, the first decline in more than four years. It could be coincidence, however, that as Macau has seen growth collapse, Las Vegas has seen Baccarat (the preferred game of China’s rich) surge. In May, as Macau growth slumped, Las Vegas Baccarat surged over 85%. While slots (the staple indicator of the 99% in America) continues to decline (-4.4% in May), it seems rich foreigners are finding creative new ways to wash their money out of China. Continue reading »

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Jul 02

- 18 Signs That The Global Economic Crisis Is Accelerating As We Enter The Last Half Of 2014 (Economic Collapse, June 30, 2014):

A lot of people that I talk to these days want to know “when things are going to start happening”.  Well, there are certainly some perilous times on the horizon, but all you have to do is open up your eyes and look to see the global economic crisis unfolding.  As you will see below, even central bankers are issuing frightening warnings about “dangerous new asset bubbles” and even the World Bank is declaring that “now is the time to prepare” for the next crisis.  Most Americans tend to only care about what is happening in the United States, but the truth is that serious economic trouble is erupting in South America, all across Europe and in Asian powerhouses such as China and Japan.  And the endless conflicts in the Middle East could erupt into a major regional war at just about any time.  We live in a world that is becoming increasingly unstable, and people need to understand that the period of relative stability that we are enjoying right now is extremely vulnerable and will not last long.

The following are 18 signs that the global economic crisis is accelerating as we enter the last half of 2014… Continue reading »

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Jul 01

Related info:

- Chinese Ministry Newspaper: GMO Soybeans Harm Health Of China’s 1.3 Billion People

 - Chinese Army Bans ALL GMO Grains And Oil From Supply Stations

- 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


China-Map

- China halts GMO grain imports from the U.S. (Natural News, July 1, 2014):

The Chinese government has suspended issuance of permits to import American-produced animal feed ingredients made from corn, according to three trading executives who talked of the development with Bloomberg BusinessWeek.

The trio, whose applications were denied, said that effective June 6, U.S. shipments of dried distillers’ grains, which are known in the industry as DDGS, can no longer exported into the country because the Chinese government has declared them to have a high risk of contaminating MIR 162, a GMO strain that China hasn’t approved, the executives – who asked not to be identified because they were not permitted to speak to the media – told BusinessWeek.

The report continued: Continue reading »

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Jul 01

China Admits First Official Local-Government Loan Default (ZeroHedge, July 1, 2014):

There has been a growing number of defaults since China first broke its non-payment cherry earlier this year. Names like Chaori Solar have “promised” to pay back the money they owe, only to falter on that promise mere months after a temporary reprieve. Wide-scale panic has for now been avoided by liquidity provision to banks (not shadow-banks) and mini-stimulus which many assumed was targeted at keeping the state-owned enterprises (SOEs) alive no matter what. That ‘hope’ all changed this weekend… As Bloomberg reports, Qilu Bank’s annual report shows that Licheng district urban construction development company has not paid its loan interest…”To the best of our knowledge, this is the first official disclosure of a LGFV default on a bank loan.”

 

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Jun 30

- are Gold Spikes To 3-Month Highs (ZeroHedge, June 30, 2014):32

It appears the same ‘contagion’ that is driving copper prices higher is also impacting gold and silver this morning. As we have noted previously, the CCFD unwind drives synthetic short (hedge) covering and inevitably rolls down the curve to drive spot strength (as the paper gold market tail wags the ‘physical’ market’s dog). Gold is at 3 month highs and silver getting close.

20140630_gold

One wonders if the following disclosures from Bank of America early this morning had something to do with the move: 

  • Strongest weekly buying of Gold in more than two years
  • Large specs increased their Gold and Silver longs at the strongest pace in two years 

Charted:

bofa gold

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Jun 30

Provoking World War III - Antagonizing the Dragon and Bear

- Provoking World War III (Dissident Voice, June 6, 2014):

Antagonizing the Dragon and Bear

It is not prudent and it is not safe to stick an iron rod into a dragon’s mouth. Whatever they say in the West about dragons… but here in Asia, the dragon is revered as the greatest fabled creature on Earth and in the sky. The dragon is wise and patient, and it hardly ever uses force first. But if treated with disrespect and aggression, it is capable of retaliating in a deadly, determined and powerful way.

It is also thoroughly idiotic to go and start terrorizing a sleeping bear. It is obvious what would follow if one descended into a bear’s hole and then started poking a hibernating creature in the head. Nothing good would follow, nothing good at all.

But it appears that those who are ruling the Empire are not obsessed with prudence. They seem to be tired of tiny conflicts, which they are continuously stirring all over the globe. Libya is not enough and Congo is not enough. They need something big, really big; even much bigger than what they had already ‘achieved’ a few decades ago – like the destruction of the entire Indochina or Indonesia.

The Empire needs a mortal fight with mighty opponents.

Instead of helping to build a decent and peaceful world, it needs to cover our planet with innumerable corpses.

This time, if it will be allowed to do it, like it was some 70 years ago, tens of millions, and maybe many more, will vanish.

Once again, it would have to be a dragon and a bear, this time in unison, facing fascism and fighting for the survival of the world.

*****
The anti-Chinese and anti-Russian propaganda howl is reaching a deafening crescendo, especially in Asia. Western media outlets are in the highest gear, spreading propaganda through both their own outlets and through their local media affiliates in the client states, mostly owned by big business.

China and Russia are now vilified, openly insulted, and blamed for the escalation of tensions in the Asia-Pacific region, and for the military build up. The entire mighty Western propaganda machine is now at work, demonizing China, Russia and other independent countries.

It is because the West is obviously pushing this planet towards the war. Not to see it would require truly great discipline.

Politicians are parading, one after another, in front of television cameras, pledging allegiance to capitalism, the Western-style regime or simply put, to the Empire. All those derogatory and inflammatory speeches against their ‘enemies’ are embarrassing, see-through, but nobody in North America and Europe is laughing, as they are becoming the norm.

Many are warning that this can lead to a world war, that the West has lost all restraint and is ready to bathe the planet in blood, once again. A quarter of century ago it appeared that with the destruction of the Eastern block and with China then increasingly on a capitalist course, the West had finally got what it had fought for centuries for – the total and absolute control of the planet.

But recently, something went ‘wrong’ for the West. Latin America rose and most of it gained freedom, then spat on the Monroe Doctrine. China began pushing for socialist reforms in medical care, education, culture and many other spheres. And Russia refused to get bullied and humiliated, reminding both Europe and North America that it is as always powerful and will not be stepped on as happened in the era of Gorbachev and Yeltsin.

North Korea and Iran (countries that have never attacked anyone in modern history) realized that the only way to survive and not to be reduced to dust is by having their own nuclear capacity.

And all these nations: several in Latin America, China, Russia, Iran, joined forces and decided: “Never again!” Never again will they allow the world to descend to the horrors of Western colonialism.

The wet Western dream of unopposed rule over the world is beginning to disappear into thin air. Is the West going to risk the destruction of our planet simply because it cannot own it?

*****
“Stephen Harper attacks Vladimir Putin and ‘evil’ communism”, reported the Canadian news outlet, CBC News on 31 May 2014, in reference to the “lengthy keynote speech” at a fundraising event that the right-wing Canadian PM gave in Toronto. The speech was spiced with “language reminiscent of the height of the Cold War”.

Grotesquely, the President of the most aggressive country on Earth, the United States, Barrack Obama, was promising to ‘curb the aggression’ of Russia and China, two countries that have not invaded anywhere in the last few decades.

In a speech clearly aimed at provoking China, the US Defense secretary Chuck Hagel, spoke more like a thug than a politician: “The United States will not look the other way when fundamental principles of the international order are being challenged.”

‘Which order?’ Some would ask. Was he talking about the order that is being imposed on the world from Washington and European capitals and has been for centuries, at the cost of hundreds of millions of human lives? Quite an order!

Christopher Black, a leading international criminal lawyer based in Toronto, provided an analysis for this report:

The speech made by President Obama at West Point, the American military academy, that the fulcrum of American policy will be to curb the “aggression” of Russia and China immediately followed by his Defense Secretary Hagel in Singapore accusing China of destabilization in the South China Sea, rightly characterized by Lt. General Wang GuanZhong as “threats and intimidation”, express the clear intent of the United States to wage war in all its aspects against the two most powerful nations that dare to develop independently of American domination.

The United States has attacked China several times since World War II, first in the Korean War, followed by decades of attempted sabotage and isolation and then by the NATO bombing of the Chinese Embassy in Belgrade in 1999. It now has continued that pressure by trying to destabilize China internally through various mechanisms of infiltration of “human rights” groups into Chinese society and within China’s military and administrative mechanisms and a constant propaganda campaign to defame China and its people around the world. The momentum of this strategy has been stepped up with the recent attacks by fanatical Muslim groups from western China against Chinese civilians in key cities and transportation hubs and use of provocateurs to attacks Chinese interests in Vietnam, Thailand, the Philippines and Africa and the recent absurd charges against Chinese military officers for cyber attacks.

The recent events in Ukraine show that the pace of this aggression is accelerating as America attempts to complete the encirclement of Russia and China by advancing NATO to Russia’s borders and by repositioning of 60 per cent of US military assets to the Pacific.

But now the true aggressors are blaming the victims for ‘aggression’. And it is nothing new under the sun. Nazi Germany and its propagandists employed the same ‘logic’ and arguments, before and during WWII. And the French used it in Algiers and their other colonies, as did the Brits all over their ‘dependencies’.

*****
In Asia, on a local level, the servile press in countries like the Philippines is taking orders and often surpasses its handlers in the West by its zeal.

On May 25 2014, The Philippine Star began with lashing out at China, continued by quoting the words of Admiral William Locklear III, the commander of US Pacific forces, that “Russia has its own ‘pivot’ in Asia”. Then the newspaper finally produced a few pieces of ‘brilliant’ analyses: “Official sources said Russia’s incursion into Ukraine has raised concern in Washington that China may try something similar in staking its territorial claims, in the guise of protecting its citizens overseas.”

‘Russian incursion into Ukraine?’ That sounds more like propaganda shouting from the pages of the North American or European daily press. In some 15 years of work in the region, after interacting with hundreds of media people from all over Southeast Asia, I have to testify that such a thought as quoted above, could never have come from a local journalist. Here, knowledge about Eastern Europe is very near absolute zero. And after being brainwashed in London, New York and elsewhere, local journalists do not compare. Someone else wrote it. Who did it? We all know it. It is the same source, which sends trolls biting at all my reports written for RT.

Most of the local Philippine press generally concluded that the US has basically no choice but to expand militarily, because of ‘China’s aggressive moves.’ Almost all the newspapers mentioned the high cost of the permanent US military bases in the region, also arguing that ‘spokes’, bases belonging to local countries but wide open for use by US forces, are the real way forward. Such bases would also be located on Australian and Japanese territories, and possibly in Singapore and Thailand, as well as Malaysia.

Now Thailand is certainly ‘secured’, after the army that has been killing millions in the region on behalf of the West, overthrew the progressive and elected government, and took control of the country. The coup is truly timely, isn’t it?

As if it would not already be enough to have countless bases in Africa, the Middle East, Japan, Oceania and those few client states that are still left in Latin America. But of course, those are too far from the main targets – China and Russia.

The mainstream Philippine media is not even bothering to question the integrity of such a military agreement, which is in direct violation of the nation’s Constitution. It is because the journalists in Southeast Asia are not paid and flown for training abroad, to moralize. They are paid to write what suits the elites and their foreign handlers.

Eduardo Tadem, Professor of Asian Studies at the University of Philippines, explained, during our recent conversation in Manila:

The recently signed agreement between the Philippines and the United States is called EDCA (Economic Defense Cooperation Agreement). In this agreement the Philippine government offered virtually all the military bases in the Philippines for total access to American soldiers, for a ten-year period. But who knows for how long, really… This is very dangerous, because all military installations of the country are now open for ‘entry’ of the US forces. And this certainly goes against the Philippine Constitution, which bars the establishment of foreign bases on our territory.

Then what really happened? Why the sudden change?

It has to do with certain factors. One, of course, is the factor of the so-called ‘US pivot’ to Asia. Under Obama there is this strategy of ‘pivoting to Asia’. Second has to do with the so-called Trans-Pacific partnership proposal of the United States; to build some sort of integrated market in the Asia Pacific region. Except that the Philippines is not part of it for now… The third one has to do with the territorial disputes that are taking place in this region, both in the South China Sea and the North China Sea.

China.

It is mainly an issue of nationalism. And it is also because here they were always asking for more assistance, including military assistance. And this is the way to get that assistance. Also remember that Philippine Presidents were consistently supportive of the US. You probably saw the survey that shows that the Philippine people love the United States more than Americans love themselves. So for the Americans it is easy to get support for their China policy here.

I asked both Teresa Tadem, Professor of Political Science at the University of Philippines, and Professor Eduard Tadem, how was it possible that a country, the Philippines, that suffered so severely during its occupation by the United States, during the colonial era, when there were human rights violations, massacres… How come it feels so positive towards its former brutal colonizer?

It has to do with the extremely intensive American propaganda machine, which depicted the colonial era as a benevolent type of colonialism. Atrocities during the Philippine-American War at 1898–1901, which saw 1 million Philippine people killed, which was then almost one tenth of the population, were made to disappear from the consciousness of the people… the genocide, torture… The Philippines was known as the ‘first Vietnam’… all of this has been conveniently forgotten, hidden in the history books. And then of course the image of Hollywood that we are bombarded with…

How dangerous is it to antagonize China and even Russia? For centuries, China had been a very peaceful country, and it still is to this day. Many Filipinos come from China; it is a natural, historical ally… While the West is liquidating, and bombing entire countries into the ground, overthrowing governments, China pulls one oil-rig into disputed waters, sprays a few boats with water cannon, and it is immediately defined as the aggressor.

“It is again all about propaganda. They depicted China as Communist and here they always attach a negative connotation to that word”, said Professor Teresa Tadem.

For me the most dangerous country on Earth now is the United States”, continues Eduardo Tadem. “It has been the most aggressive… intervening in many countries all over the world, thousands of miles from its shores, trying to impose on the planet its vision of a global capitalist system. So, if you compare what China is doing in the vicinity of its territory, and compare it to what the US is doing in all parts of the world, on every continent… then you clearly see the disparity in the image that has been created, depicting China as a danger to peace in the world.

Both professors then expressed deep concern over the fact that the Western propaganda is igniting Sino-phobia in the Filipinos and in other Asians. They pointed out that what the US is doing is actually fanning ultra-nationalism, which can easily mutate into fascism. This is, according to them, an extremely dangerous situation – planting seeds of Sino-phobia all over the continent.

“This can lead to a point of no return”, explains Eduardo Tadem. “I am afraid that this is what is happening now in the Philippines, as well as in other parts of Asia where territorial disputes are taking place.”

And it is clearly not only Sino-phobia that can lead to the destruction of the world, although Sino-phobia is partially, definitely is. Stirring hatred against Russia is also clearly on the menu of the Western masters of propaganda. Stephen Harper of Canada, Polish and Baltic politicians and their irrational anti-Russian speeches, is all leading to a frightening outcome: manufacturing racism against those nations that are standing in the way of US and European domination of the world.

Dehumanizing a potential enemy, unleashing racist and derogatory sentiments against him or her, is the first step in the Western ‘art’ of war, the first step towards a confrontation.

One should seriously question what is being planned? One should demand to know, because what is being planned is most likely really awful.

*****
People are beginning to speak up. Geoffrey Gunn, a prominent Australian historian and Professor Emeritus at Nagasaki University in Japan, wrote to me, for this report:

The international media big notes the “China threat,” yet who is the provocateur? We observe the Japanese Prime Minister in Singapore (May 30) offering to lead an international coalition to check Chinese aggression offering ‘quality’ Japanese naval vessels to obliging clients as with the Philippines and Vietnam. This is madness coming from a nation without official contrition seeking as well to unpick its god-save, the “peace constitution.” Meantime, the neo-con government in Australia overreaches with matching rhetoric, together snaring the US Defense Secretary to offer his own “pivot” to the South China Sea. My spin is to let Asian nationalisms (China, Vietnam, Japan, Korea) resolve their own problems diplomatically – after all the central kingdom has been in place for several millennium – outsiders keep out, militarists watch your step, and China rise peacefully.

From Vietnam, saddened by the new wave of hostilities between two Communist neighbors, Vietnam and China, a renowned Western artist who did not want to be identified, explained the situation:

I have no doubt the West is delighted at the turn of events and will do all it can to further exacerbate the China-Vietnam etc. rift. Of course it serves the pivot to Asia and other nasty US-NATO agendas. But the Vietnamese are just angry at bully China and one can’t argue with them about it. The Vietnam’s PM has been sending text messages to the entire mobile network warning people not to listen to “bad guys” and to only protest within local and international law…

It is striking how emboldened and self-assured Vietnam is becoming, lately, considering that it is actually doing an identical thing as China is – drilling in the disputed area.

Many see tensions between Vietnam and China as dating back to the Chinese punitive expedition to Vietnam (after Vietnam entered Cambodia and deposed the Khmer Rouge), known as the Sino-Vietnamese War of 1979. And it is almost bizarre to observe how unforgiving Vietnam is towards China, but how reconciliatory it has become towards the United States.

During the Sino-Vietnamese War some 10,000 Vietnamese civilians lost their lives – definitely not an insignificant number. But how could it even be compared to the millions of Vietnamese civilians who died in the “American War” (or the “Vietnam War” as it is known in the West). During the American War, entire cities were leveled into the ground, fields poisoned, women raped and people burned by napalm and other chemicals.

But, as in case of the Philippines, the creeping Western propaganda erased many of the horrors from people’s minds.

I spent 3 years in Hanoi. Holding US citizenship, I was treated with respect and never insulted. In a stark contrast, now Chinese businesses are being attacked and going up in flames, while Chinese people (from Mainland China, but also from Taiwan and elsewhere), are being chased, beaten, and even killed.

In the meantime, RT reported:

Visiting Washington, General Fang Fenghui also blamed the Obama administration’s “pivot” to Asia as a reason for heightened tensions in the region. He said some Asian nations have used the strategic shift to create mischief in the South and East China Seas.

*****
Are we being dragged into the final global confrontation, to a possible WWIII? Observed from Asia Pacific or from Ukraine, it clearly appears so.

Christopher Black has no doubts that provoking, antagonizing and insulting powerful independent countries like Russia and China may be the next step towards the destruction of our human race:

All these actions are preparations for war. In fact, the positioning of American anti-ballistic missile batteries in Eastern Europe is in preparation for a nuclear first strike on Russia. Those batteries are deployed solely for the purpose of trying to intercept a retaliatory strike by Russian nuclear forces after a US first strike. They have no other purpose. These preparations for a war of aggression, in fact nuclear war, are a clear violation of the UN Charter and all international laws and can rightly be characterized as war crimes. But since the United States has contempt for all international laws and civilized standards of behavior we can expect these preparations to continue.

Mankind rests on the brink of annihilation for no other reason than the American pursuit of unlimited profit. They are the extremists of the capitalist system. We must hope that the skillful diplomacy we have seen employed by both Russia and China, the increased pace of their bilateral cooperation with each other and their increased steps to achieve multilateral cooperation throughout the world from Latin American to Africa and Europe and Asia will change the power dynamics of the world sufficiently to prevent the Americans and their allies from achieving their aims so that the peoples of the world can live in peace and devote their energies to solving mankind’s pressing problems.

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