The End Of The Petro Dollar? China Russia Ties Highest In History

Original Russia Today Russia-China cooperation has reached its highest level ever, Russian President Vladimir Putin has said in an interview with Chinese media on the eve of his visit to Shanghai, where a record package of documents is expected to be signed by the two nations. Below is the full transcript of the Russian president’s […]

While We’re Selling Our Seabeds And Blacksands: Iron Ore Prices Tumble As China Crackdown Begins

After the initial crash in many of the commodities backing China’s shadow-banking system’s ponzi, levels recovered modestly as rumors were spread of bailouts, stimulus, and in fact the exact opposite of what the Chinese government had declared it was trying to do. That ended for Iron Ore this weekend when, as The FT reports, China […]

Dollar Hegemony Under Attack By Export-Superpowers Germany and China

From Testosterone pit blog: The word dollar didn’t even come up. “The volume of transactions that can be carried out in the Chinese currency in international and German financial centers is not commensurate with China’s importance in the global economy,” the Bundesbank explained in its dry manner on Friday in Berlin, after signing a memorandum […]

China Halts Bank Transfers And HSBC Ends Limited Cash Withdrawls, Are We Sliding Into The Next Phase?

I know it’s happy Auckland day and all that but for the rest of the world it’s business as usual. So here are a few headlines  you might want to check up on: China stops bank transfers. HSBC (of Rockstar economy infamy) Was forced to end the limitations on cash withdrawals after it tired to […]

How Erik Prince, Founder of Blackwater, Will Help China Subjugate Africa

I have  been following Eric Prince and his adventures fo quite a while now. In fact his frim Blackwater and his connection to the CIA and Rumsfeld and Cheney through his internship at the first Bush presidency was the reason I started blogging in the first place. Here is that blog for those of you […]

Squeeze Until The Last Drop And Then Some More: Thousands Of English Poor In Court For Non Payment Of Council Tax And England Needs To Be More Like China!

While the English Queen was just awarded the highest dole payout of the land seeing as somehow she was down to her last million, thousands of her poorest subjects were called to a mass court hearing to fight the changes in welfare law which, while rewarding the monarch for her bad financial management, threatens to […]

On China, Housing Bubbles And How Truly Terrifying It’s Collapse Will Be!

(Update: as is common when you link to “copyrighted” content it is impossible to embed it in your blog. If you want to see the 60 minute segment scroll down to the bottom and click on the word segment) Update II: It seems that the globe is catching on to the idiocy of building 12-24 […]

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When Two Tribes Go To War Or Is China Mobilising For War With Japan.

Zero Hedge is very careful in describing military movements if two coastal provinces in China. Something to keep an eye on fir sure! We don’t know if it merely a coincidence that a story has emerged discussing a Chinese mobilization in response to the ongoing territorial feud with Japan over the Diaoyu/Senkaku islands (and the […]

China on Alert After Japan Scrambles Jets over E. China Sea

China says it is on alert after Japan dispatched fighter jets over the East China Sea. Japanese media report Japan sent F15 fighter aircraft after detecting a Chinese marine surveillance plane in disputed airspace near contested islands in the East China Sea. Chinese Foreign Ministry spokeswoman Hua Chunying told reporters Tuesday Beijing will pay close […]

On China,Rehypothecation and why Australia’s Boom Is Now a Bust With Fortescue in Freefall!

For those of you unfamiliar with the term rehypothecation here is my post on it from a while ago but in short it means using the same real world collateral multiple times to secure loans. In London the same collateral is sold infinite times to investors who want safe reliable investments and who haven’t a […]

Australia’s Economy Is Beginning To Stall And Why It’s Only Going To Get Worse For The Foreseeable Future

  A young colleague of my husband is going on a trip around South America with his partner and expects to be able to find a job and safe up in Perth for what he hopes will be the next step. Here is why he might want to reconsider: Australia which like any other “developed” […]

Your Corporate Scamster Word Of The Week: Channel Stuffing Of Why China Won’t Grow Anytime Soon

  This weeks Corporate Scamster words are: Channel Stuffing. Channel Stuffing= Channel Stuffing is the practice of sending retailers more product than they can sell. It is used by big Corporations (and not so big ones) to manipulate their sales figures. The idea being that if the product has left the factory floor the sale […]

They Hang Them Here, They Hang Them There, They Hang Them Everywhere, Except in the West

Hat tip Mick MC… This from Tehran. Four bankers condemned to hang, two to lifetime Prison and the rest of some 36 bankers to jail time of anywhere from 25 years, 20 years, 10 years, to less severe sentences. For what? The embezzlement of a mere $2.6 Billion. In China two female bankers have been […]

Chile Is Latest Country make a Currency Deal with China

Another nail in the coffin of the country that once was the leader of the free world. SANTIAGO, June 26 (Xinhua) — China and Chile agreed Tuesday to upgrade their bilateral ties to a strategic partnership, and double trade in three years. Chinese Premier Wen Jiabao and Chilean President Sebastian Pinera announced Tuesday the establishment […]

US unilateral sanctions aganist Iran, violate China sovereignty according to Analyst

China has been buying lots of gold. China has been making deals with every superpower except the US to deal with these countries in their own currencies. Ad while China as an economic power is collapsing it is clearly not intending to stay depressed very long. In order to recover China has to have access […]

NATO ENLARGEMENT: From the North Atlantic to the South Pacific

Remember that non-binding piece of paper signed with NATO? Here it comes and forget about the nuclear free zone that was New Zealand because every army uses Depleted Uranium bullets and NZ will not be an exception to that rule. On June 4 NATO’s Secretary General Anders Fogh Rasmussen and New Zealand’s Prime Minister John […]

Did the barkeeper just say “no more credit” to the drunk?

In July 2011 I wrote about China being a barkeeper with only one “big” customer and some little ones. The big one being America. America had been putting his consumption on the tap and was a all out alcoholic. China’s barkeeper was essentially enabling a once rich but now destitute customer with his drug of […]