Infinite Unknown

Tags: China, Construction, Economy, Global News, U.S.

In 2011 China bought not less than 490 tons of gold

- Chinese ‘gold rush’: Country diversifying assets (RT, Feb. 1, 2012):

China is the world’s fifth-largest holder of gold and seems to be in the market for more. Analysts believe Beijing snapped up around 500 tons of gold in 2011, double what it bought in 2010.

China does not release official gold trade figures, but the Hong Kong Census and Statistics Department announced last month that in November alone, China imported 102,779Kg of gold from Hong Kong which comes as a significant increase from October’s 86,299Kg.

Experts say in 2011 China bought not less than 490 tons of gold, while the figure for 2010 was only 245 tons. Financial expert Francis Lun told RT that the reason for the Chinese “gold rush” is simple – the country wants to diversify its assets.

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Tags: China, Economy, Global News, Gold, Government, Politics

From the article:

“… China where buying gold as a hedge against inflation and as a store of wealth has now firmly entered the mainstream in a country of 1.3 billion people”

- Chinese ‘Gold Rush’ – Year of Dragon First Week Sees Record Sales – Up 49.7% (ZeroHedge, Jan. 30, 2012):

Xinhua, the official press agency of the government of the People’s Republic of China reports that a “gold rush” swept through China during the week-long Lunar New Year holiday this year, with demand for precious metals and jewelry surging since the Year of the Dragon began.

Data released by China’s Beijing Municipal Commission of Commerce shows a 49.7% increase in sales volume for precious metals jewelry and bullion during the week-long holiday (over last year), which lasted from January 22 to 28 over that of last year’s Spring Festival.

One of Beijing’s best-known gold retailers, Caibai, saw sales of gold and silver jewelry and bullion rose 57.6% during the week long New Years holiday according to data released by the Ministry of Commerce (MOC) on Saturday,

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Tags: China, Economy, Global News, Gold

Flashback:

- Technology Giant Foxconn To Replace Workers With 1 Million Robots In 3 years

– Foxconn apologises over boss’s ‘animal’ comment: report (AFP, Jan. 23, 2012):

TAIPEI – Taiwan technology giant Foxconn has apologised over comments by chief Terry Gou allegedly comparing workers to animals, according to a report.

Gou drew criticism on online news forums and discussion sites after he was quoted by Taiwanese media as saying “I have a headache how to manage one million animals” at the company’s year-end party in Taipei Zoo earlier this month.

Foxconn is the largest maker of computer components and assembles products for Apple — including the iPhone — plus Sony and Nokia. It employs about one million workers in China.

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Tags: China, Economy, Foxconn, Global News, Society, Taiwan

- India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees (ZeroHedge, Jan. 21, 2012):

Two weeks ago we wrote a post that should have made it all too clear that while the US and Europe continue to pretend that all is well, and they are, somehow, solvent, Asia has been smelling the coffee. To wit: “For anyone wondering how the abandonment of the dollar reserve status would look like we have a Hollow Men reference: not with a bang, but a whimper… Or in this case a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate. Such as these: “World’s Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade“, “China, Russia Drop Dollar In Bilateral Trade“, “China And Iran To Bypass Dollar, Plan Oil Barter System“, “India and Japan sign new $15bn currency swap agreement“, and now this: “Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says.”” Today we add the latest country to join the Asian dollar exclusion zone: “India and Iran have agreed to settle some of their $12 billion annual oil trade in rupees, a government source said on Friday, resorting to the restricted currency after more than a year of payment problems in the face of fresh, tougher U.S. sanctions.” To summarize: Japan, China, Russia, India and Iran: the countries which together account for the bulk of the world’s productivity and combined are among the biggest explorers and producers of energy. And now they all have partial bilateral arrangements, and all of which will very likely expand their bilateral arrangements to multilateral, courtesy of Obama’s foreign relations stance which by pushing the countries into a corner has forced them to find alternative, USD-exclusive, arrangements. But yes, aside from all of the above, the dollar still is the reserve currency… if only in which to make calculations of how many imaginary money one pays in exchange for imaginary ‘developed world’ collateral.

On India’s induction into the dollar unluck club, from Reuters.

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Tags: China, Dollar, Economy, Global News, Government, India, Iran, Oil, OPEC, Politics, U.S.

(Below is an article from an alleged high level satanist insider posted on Henry Makow’s website.)

I’ve told you about the goals of the elitists before.

And yes, they are SATANISTS.

And yes, they want to bankrupt America, so that Americans are too poor to revolt against their fascist New World Order.

And yes, they want to turn America into a Third World country.

And yes, they already have all the laws and concentration camps in place and have effectively already turned the US into a fascist military police state, since Obama signed the NDAA into law.

And, yes they want to reduce the world population below 500 million people.

And yes, they are right now being exposed by rightous people, who risk their lives in doing so, and their reaction to being exposed is this: “Attack is the best form of defence.”

They think because they have ZERO conscience that their evil deeds will not come back to haunt them …

… and yes, they are dead wrong on that one.

Chose your side. How?

Ron Paul or WW III.

Every other candidate is a elite puppet and will start WW III.

China said it will defend Iran even if it means WW III and so will Russia.

Ron Paul is our last POLITICAL chance to stop them.

Do your own research.

For your information …

- Satanist Takes Credit for Upcoming War (Henry Makow, Jan. 20, 2012):

“My personal hope is that Iran blasts Israel off of the face of the Earth. The Xtians will have their chance to see if Yeshua comes back (with Mickey Mouse and Donald Duck).”

(Editor’s note: Although I find Fozdyke’s words repugnant, I post them because it is significant that Satanists take credit for the turmoil threatening the world.)

by Aloysius Fozdyke

In the coming months, the western world will alter quickly.

We’re orchestrating a war against Iran with America, Israel and a few Arab states. Think a re-run of WMDs and just as baseless (although that doesn’t matter). Israel wants the water in southern Lebanon. Iran is an obstacle to that. China has a lot of investment in Iran. Remember Pearl Harbor? Instead of Japanese, think Iranians. In all probability America’s fifth fleet will be sacrificed as a pretext for nuclear war. Think the Twin Towers or USS Liberty.

A nuclear strike would put China and Russia on notice. Now, the former U.S.S.R. put a lot of effort into biological warfare. If we can convince the Russians to preemptively release their stuff throughout America…Well!

China has about one trillion in American Treasury bonds. If we can get them to release those all at once onto international markets, America would have to print a trillion dollars and China would dump that to buy other currencies.

As America doesn’t produce anything any more, instantly every American’s costs of living would sky rocket. Overnight Americans would be living in a bankrupt, third world country – with all the possibilities that brings.

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Tags: Barack Obama, China, Economy, Global News, Government, Habeas Corpus, Iran, Israel, Military, Nuclear, Obama administration, Politics, Russia, Satanism, Society, U.S.

- China Is Proud To Announce It Is Reflating The Bubble – Will “Actively Push” Investors Into Stocks (ZeroHedge, Jan 10, 2012):

We did a double take when we read the following lead sentence from a just released Bloomberg report on what is about to take place in China: “China’s stocks regulator will “actively” push pension and housing funds to begin investing in capital markets, and encourage long-term investors such as insurers and corporate pension plans to buy more shares.” To paraphrase Lewis Black – we will repeat this, because it bears repeating – “China’s stocks regulator will “actively” push pension and housing funds to begin investing in capital markets, and encourage long-term investors such as insurers and corporate pension plans to buy more shares.” And that is the last ditch effort one does when one has no choice but to push “long-term investors” into the last giant ponzi. Of course, this being China, “long-term investors” means anyone at all, and “pushing” ultimately involves either 9MM or a 0.44 caliber. And what was said earlier about mocking mainstream media spin – well, the first opportunity presents itself a few short hours later – when Bloomberg, the same agency that wrote the above report, tells us that “Asian Shares Rise Amid Global Economic Optimism.” Odd – no mention of the fact that China is now pushing habitual gamblers, which over there is another name for “investors” into what is openly an invitation (at gunpoint nonetheless) into the latest and greatest bubble. That said, we give this latest artificial attempt to boost stocks a half life of several days max before the SHCOMP plunges to new lows for the year.

More on this hilarious attempt at reponzification:

The China Securities Regulatory Commission will also allow the creation of sovereign debt futures and explore other new products such as high-yield corporate bonds and municipal debt, the regulator said in a statement on its website yesterday, citing Chairman Guo Shuqing’s comments during a national work conference in Beijing.

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Tags: Banking, Bonds, Bubble, China, Debt, Economy, Global News, Government, Politics, Ponzi schemes, Stock Market

- Chinese Central Banker Declares That ‘Gold Is The Only Safe Haven Left’ (Business Insider, Dec. 27, 2011):

China is making an even bigger move toward gold in reaction to money printing around the world (via @JamesGRickards).People’s Bank of China official Zhang Jianhua declared yesterday: “No asset is safe now. The only choice to hedge risks is to hold hard currency – gold.“

Zhang, the bank’s research director, recommended buying the dips: “The Chinese government should not only be cautious of the imported risk caused by rising global inflation, but also further optimize its foreign-exchange portfolio and purchase gold assets when the gold price shows a favorable fluctuation.”

China’s $3.2 trillion in foreign reserves are currently invested one-third in U.S. treasuries 20 percent in euro-denominated assets and only 1.8 percent in gold, according to China Daily. China has one of the world’s biggest gold reserves at 1,054 tons.

Tags: Central Bank, China, Economy, Global News, Gold, Government, People's Bank of China, Politics

- Breaking: Patriot Missiles Seized, Sold To China by Israel (Updates) (Veterans Today, Dec. 23, 2011)

Tags: China, Global News, Government, Israel, Military, Missiles, Politics, U.S.

- Chinese 2,485 year tree ring study shows natural cycles control climate, temps may cool til 2068 (JoNova, Dec. 8, 2011):

A blockbuster Chinese study of Tibetan tree rings by Liu et al 2011 shows, with detail, that the modern era is a dog-standard normal climate when compared to the last 2,500 years. The temperature, the rate of change — it’s all been seen before. Nothing about the current period is “abnormal”, indeed the current warming period in Tibet can be produced through calculation of cycles. Liu et al do a Fourier analysis on the underlying cycles and do brave predictions as well.

In Tibet, it was about the same temperature on at least four occasions — back in late Roman times (those chariots!), then again in the dark ages (blame the collapse of industry), then in the middle ages (the Vikings?), then in modern times (blame the rise of industry).

Clearly, these climate cycles have nothing to with human civilization. Their team finds natural cycles of many different lengths are at work: 2-3 years, 100 years, 199 years, 800 years, and 1,324 years. The cold periods are associated with sunspot cycles. What we are not used to seeing are brave scientists willing to publish exact predictions of future temperatures for 100 years that include rises and falls. Apparently, it will cool til 2068, then warm again, though not to the same warmth as 2006 levels. Continue reading »

Tags: China, Climate Change, Environment, Global News, Global Warming, Science, Scientists