The Chinese elite was represented for the first time at the last Bilderberg meeting. The Bilderberg group has been working on a global currency for a long time and with the entire Eurozone collapsing and the US dollar on its last legs now would be an excellent time to assert that wish. What does it […]
Tag Archives: China
This is bad. The foremost credit rating agency of the country which has most to loose with a downgrading of the US is downgrading the US. If you want any more corroboration that the US dollar is going to be scrapped as the reserve currency you need a new brain, if the Chinese do not […]
About two and a half years ago when I started to tell people that we were going to see the worst economic collapse this world has ever seen people laughed and told me that even IF America were to collapse there would always be China. I told them that they were delusional and here is […]
China houses a billion people. Many of those have to earn their crust under atrocious circumstances. They are so atrocious many of them commit suicide and if you want to work for the company that makes I-pads you now have to sign a contact promising you won’t commit suicide. That said many Chinese counted themselves […]
Zero hedge is a blog all of you interested in all things financial should be following. Tyler Durden the guy who runs the blog came up with this whopper and if he is right and so far he’s been pretty on the mark, we are in for very interesting times indeed. How about the US […]
The biggest and most scariest news this week went unnoticed so far in the NZ mainstream media again. On 24 November China and Russia announced that they would “Quit” the dollar in favour of their domestic currencies. While they emphasised that the agreement is not meant as a challenge to the dollar it will obviously […]
Update: Washington’s blog’s excellent analysis China is the country with the biggest stash of US dollars and they are getting worried and rightfully so. China is a bit like the local village store who sells to everyone and who occasionally allows people to put something on the tap. In the village lives a very rich […]
By ALISON WEIR Last week Sweden’s largest daily newspaper published an article containing shocking material: testimony and circumstantial evidence indicating that Israelis may have been harvesting internal organs from Palestinian prisoners without consent for many years. Worse yet, some of the information reported in the article suggests that in some instances Palestinians may have been […]
The arrest of Stern Hu, Rio-Tinto’s China iron ore executive, in Shanghai on July 5 signals a more aggressive policy by the Chinese regime toward its economic rivals, amid an ongoing slump in export orders and rising unemployment. Fearing social explosions—a danger highlighted by the protests that erupted in Xinjiang on the same day—Beijing has […]
Oh shit! And this from the NZ Herald; Main Stream Media. Reports of the US dollar’s death have, so far, been greatly exaggerated. It is still, by far, the most liquid currency in the world. The US has the deepest and most liquid capital markets in the world, despite all its sub-prime and banking difficulties. […]
No, no, no, this is not how it goes. If a high rise building collapses it takes the way of most resistance and it collapses into a fine pile of dust into it’s own footprint. This is an anomaly. A newly built 13-storey residential building collapsed in Shanghai yesterday, killing one worker. The block of […]
One of the reasons people believe the “worst is behind us” is because the Chinese economy seems to be growing. This from the Financial Times: “Perhaps more than any major economy, China is showing signs of improvement, writes Geoff Dyer. Indicators suggest that the economy began to recover in March with industrial production rising 8.3 […]
China, wary of the troubled US economy, has ‘canceled America’s credit card’ by cutting down purchases of debt, a US congressman says. China has the world’s largest foreign reserves, believed to be mostly in dollars, along with around 800 billion dollars in US Treasury bonds, more than any other country. But data from the Treasury […]
The global downturn is spreading to Central Asia. It may lead to a marked shift of fortune in the Great Game for control of Caspian energy reserves. On the surface, the intensity of the rivalries may appear to have subsided, as the principal protagonists – Russia and the West – brood over the precarious state […]
Raising productivity has been identified in an OECD report on New Zealand as the country’s greatest medium term challenge. The report, released today, provides analysis of New Zealand’s economic situation, identifies perceived failings and offers a raft of measures on to how to improve them. It noted New Zealand’s economy was now among the most […]
Uh OOh. What will it mean for the world if the US $ looses it’s reserve status? The chairman of the People’s Bank of China has spoken out in support of Russia’s proposal to create a new global reserve currency as an alternative to the U.S. dollar, Xinhua news agency reported on Tuesday. Zhou Xiaochuan […]
Just in case you were hoping that China was going to stop New Zealand from going into depression. Any prospect that China could be the growth engine to pull the world economy out of deep recession has been laid to rest by the latest World Bank forecast. At the recently completed annual National Peoples Congress […]
“The implication is that authorities must be selling their dollar reserves in order to stabilise the USD-CNY exchange rate,” Gruenwald, a former International Monetary Fund official about the Chinese central bank. According to Puru Saxena, CEO of Puru Saxena Wealth Management the US is already bankrupt. His argument is that the GDP is US$ 14 […]
BEIJING, China (CNN) — Slumping consumer demand pushed China’s consumer and producer price indices into negative territory in February, state-run media reported Tuesday. Chinese Premier Wen Jiabao delivers his work report at the National People’s Congress. Consumer prices fell 1.6 percent for the month, compared to a year ago, while the producer price index dropped […]
Watch this 1996 documentary about the CIA and drug connection.
I don’t have any sympathy for armies and their suppliers they are as far as I am concerned merchants of death but isn’t it typical that while the global economy is collapsing and job after job after job is disappearing that the very group who is supposed to defend New Zealand and it’s population chooses […]
just imagine you earn the NZ minimum wage, soon to be $ 12.50. You return from where you work to your family for christmas and while yu are hoome you get a phone call. You don’;t need to come back for your job because there is no job anymore. Why? Because the rest of the […]
Just imagine 26 million without jobs. If these are the providers for families and we assume that all those families are a Chinese legal family of two parents and one child than we are talking more than 75 million people facing starvation. If these 26 million are parents and both ahve jobs we are still […]
Societe Generale said on Thursday that the United States’ economy looks likely to enter a depression and China’s could implode. Edwards also raised the danger of a global trade war with China. “While economic data in developed economies increasingly reflects depression rather than a deep recession, the real surprise in 2009 may lie elsewhere,” Edwards […]
On January 5, the Chinese Communist Party’s (CCP) Xinhua.net unexpectedly published an article entitled “2009 Will Be a Prime Year For Public Protests and They Shall Be Dealt With Properly.” In the article, the CCP made the statement that “Without doubt, we’re now in a peak period for public protests and CCP authorities expect to […]
Set aside Yao Ming and the furry mascots. The buoyant spirit of the 2008 Beijing Olympics already seems like a lifetime ago. A new icon has recently emerged for today’s China: the disgruntled, laid-off factory worker, standing dejected outside a shuttered factory, another victim of the global economic downtown. As startling as these factory closures have […]
(CNN) — Chinese authorities have arrested 59 people in Tibet accused of spreading rumors and inciting sentiment against the state and public safety, state-run media reported. Xin Yuanming, deputy director of the Lhasa City Public Security Bureau, announced the arrests Tuesday, saying police had uncovered 48 cases of planning and instigating violence against authorities in […]
The specter of a prolonged global recession has dampened China’s wish for a world financial order less dominated by the United States and its dollar, giving way to more urgent dealings with recession worries at home. As every day brings news of more factory closures and social unrest all over the country, Beijing has swung […]
The risks of an economic downturn in China are growing and protectionist sentiment abroad could hurt global growth, the country’s central bank said overnight. “The impact of the international financial crisis is intensifying, and the uncertainty of the domestic economy is increasing. The risk of an economic slowdown is expanding,” the People’s Bank of China […]
DONGGUAN, China (AFP) — At least 2.7 million factory workers in southern China could lose their jobs as the global economic crisis hits demand for electronics, toys and clothes, according to industry estimates. The region has seen massive export-driven expansion in recent years by supplying the world with cheap consumer goods, but rising production costs […]
