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THOUGHT FOR THE DAY!

"Whoever heard of a hundred thousand animals rushing together to butcher each other, as men do everywhere [during war]?"-- Desiderius Erasmus, Dutch humanist, 1466-1536

 

CHINA

Mar 09 08:38

Chinese project envisions London to Beijing in two days by train.

Rail travel between London and Beijing in just two days could be possible within a decade through an ambitious Chinese project.

The Asian power wants to build the 200mph 'Orient Express-style' rail line through Europe, the Middle East, India and Asia, paying for the entire scheme in return to access to the natural resources of the countries it travels through.

Mar 09 03:04

US – China: Provoking the Creditor, Hugging the Holy Man

The Obama Administration has heightened tensions with China through a series of measures which can only be characterized as major provocations designed to undermine relations between the two countries. These provocations include political support for separatist movements, such as the US-funded theocratic-monk led Tibetan secessionists and the Washington-based Uyghur secessionists, as well as through the $6.4 billion-dollar advanced arms sales to Taiwan, a virtual protectorate of the US Navy. President Obama has publicly met with and openly backed these separatist and secessionists groups, flaunting Washington’s refusal to recognize China’s existing borders.

Mar 08 14:53

Cyberwar declared as China hunts for the West’s intelligence

Urgent warnings have been circulated throughout Nato and the European Union for secret intelligence material to be protected from a recent surge in cyberwar attacks originating in China.

The attacks have also hit government and military institutions in the United States, where analysts said that the West had no effective response and that EU systems were especially vulnerable because most cyber security efforts were left to member states.

Nato diplomatic sources told The Times: “Everyone has been made aware that the Chinese have become very active with cyber-attacks and we’re now getting regular warnings from the office for internal security.” The sources said that the number of attacks had increased significantly over the past 12 months, with China among the most active players.

Mar 08 10:55

Quadra, Chinese utility in Chilean joint venture

Quadra Mining said on Monday it has agreed to form a joint venture with China's largest utility company to help expand its Chilean operations and fund its huge Sierra Gorda copper project, which is expected to cost over $2 billion.

The Canadian miner signed a memorandum of understanding with State Grid International Development Ltd, a wholly owned subsidiary of State Grid Corp of China. The joint venture will develop and operate Quadra's Sierra Gorda project and the Franke mine in northern Chile.

===

I wonder how long it will be before the US attacks Canada for terrorism?

Mar 08 08:00

China Snubs Israeli Calls for Iran Sanctions

The prime minister of contract murder, Binyamin Netanyahu, was not long permitted to rejoice over the agreement to sanction Iran which he had wrested from the Russian leadership. A few days later, China made it clear that it would in no case help to carry out such sanctions. Consequently, Netanyahu believed it necessary to pay a visit to the Chinese leadership, in order to bring them on course through an Israeli word of command.

But the Chinese leadership did not even once want to see Netanyahu. So “Bibi” had to stay home. On Feb. 25, 2010, Israel sent a high-ranking government delegation to Beijing, including Vice Premier Moshe Yaalon, as well as the currency bank chief, Stanley Fischer, in order to move the Chinese leadership to hard sanctions against Iran.”

Mar 07 10:05

China ready to end dollar peg

The head of China’s central bank has given the strongest signal yet that the country will move away from pegging its currency to the dollar, but he said any changes would be gradual.

Mar 05 08:01

CNN: 'Communism Good For Women'

CNN claims Communism has been good for women.

China has 32million more men aged under 20 than women, according to a paper published last month by Therese Hesketh, of University College London. Her latest research suggests that rural areas where the imbalance is at its greatest will be further affected because women are "marrying out" into cities

Mar 03 13:48

Green Stimulus Jobs Going to China?

Mar 01 11:28

Israel shows China evidence of Iran bomb program

An Israeli delegation that traveled to Beijing last week presented detailed intelligence on Iran's nuclear program in an attempt to persuade China that Tehran seeks atomic weapons, a senior diplomatic source told Haaretz.

Webmaster's Commentary: 

As a nuclear power themselves I would be very surprised if China fell for this, unless they had sold out Iran to Israel and needed political cover.

Mar 01 04:55

Chinese fluoride is a homeland security matter

The Pure Water Committee of Western Maryland Inc. was formed in 1960 as a grass roots network of citizens with a 50-year-old mission to educate the public of the complete fraud of the practice called water fluoridation.

Recently, it has come to my attention in an engineering report for the city of Boulder, Colo., that they did an evaluation of fluoridation chemicals and sources and found that much of the fluoride chemicals used for water fluoridation are now coming out of China with arsenic and lead levels of 50 and 40 milligrams respectively per bag and non-existent regulatory monitoring of the salt or acid compounds from these imports.

Mar 01 04:52

BRZEZINSKI’S LAMENT ‘JEWISH LOBBY CONTROLS OBAMA’

SEEKING A GLOBAL SHOWDOWN with Russia and China, Zbigniew Brzezinski, who is recognized and feared by Zionist Jews as Obama’s foreign policy adviser, is intent on bringing Iran back into the Western orbit. In Brzezinski’s world view, Iran could be a valuable US asset to be played against Russia and China.

Even with his protege at Defense, Robert Gates, and his reputation as a global strategist, Brzezinski has all but admitted that he simply does not possess the influence to override the power the Jewish lobby wields over Obama’s decision-making in foreign affairs.

Feb 27 22:42

US diplomats to visit China for talks on ties

China said on Saturday that two US diplomats will visit this coming week to discuss the two countries' relations, which have been strained recently on several issues.

The statement posted on China's Foreign Ministry Web site quoted spokesman Qin Gang as saying Deputy Secretary of State James Steinberg and Senior White House Asia adviser Jeffrey Bader will be in China from Tuesday through Thursday.

Feb 24 07:40

Concerns grow over China's sale of US bonds

Evidence is mounting that Chinese sales of US Treasury bonds over recent months are intended as a warning shot to Washington over escalating political disputes rather than being part of a routine portfolio shift as thought at first.

Webmaster's Commentary: 

Or maybe the Chinese got pissed off about those gold bars with tungsten cores?

Feb 23 14:19

Concerns grow over China's sale of US bonds

Evidence is mounting that Chinese sales of US Treasury bonds over recent months are intended as a warning shot to Washington over escalating political disputes rather than being part of a routine portfolio shift as thought at first.

A front-page story in the state’s China Information News said the record $34bn sale of US bonds in December was a "commendable" move. The article was republished by the National Bureau of Statistics, giving it a stronger imprimatur.

Feb 22 07:19

‘US determined to encircle China with anti-missile systems’

With its proposed weapon deal with Taiwan, the US appears determined to encircle China with American-built anti-missile systems, Chinese military experts have observed.

Taiwan became the fifth global buyer of the Patriot missile defence system last year following Japan, the Republic of Korea, the United Arab Emirates and Germany.

According to Chinese military strategists, Washington's weapon deal with Taiwan is the key part of a US strategic encirclement of China in the East Asian region.

Feb 19 07:09

China summons US ambassador to protest Barack Obama's meeting with Dalai Lama

Ambassador Jon Huntsman was called in to China's foreign ministry to hear "solemn representations" over the meeting from China's vice Foreign Minister Cui Tiankai, the state-run Xinhua news agency reported.

The rebuke comes after China warned that Washington risked damaging US-China relations if it went ahead with the meeting, however analysts said the China's carefully calibrated response indicated that Beijing was not going to overreact.

Feb 19 04:55

China Dumping US Treasurys: What’s the Message?

This kind of governing cannot last forever and the longer it persists, the more destructive will be its inevitable toppling. The last administration repeatedly warned the Chinese, who were only showing the virtues of good capitalists, not to save as much. That begged the question, who is going to fund our debt if Chinese savers don’t?

We may be about to find out.

Feb 18 09:05

Coming Home: Appliance Maker Drops China to Produce in Texas

Farouk Shami, a Palestinian-born hairdresser who built a $1 billion manufacturing company around a popular line of hair irons, is moving all of his production of hand-held appliances from China to a sprawling new factory here.

The move flies in the face of conventional wisdom, which says gadgets like this are best made in a low-cost country. But, he says, outsourcing has led to a loss of control over manufacturing and distribution.

Feb 16 15:11

China's holding of US Treasuries tumbles

China's holding of US Treasury bonds has tumbled, according to US Treasury data released Tuesday, after Beijing expressed concern over the swelling US deficit and amid new US-China tensions.

The drop in China's bond holdings by 34.2 billion dollars or 4.3 percent to 755.4 billion dollars in December also fueled the biggest drop in foreign purchase of short-term US bonds, said the Treasury's latest international capital data report and based on comparative figures.

China's US bond holding decline was also its biggest drop since August 2000 and allowed Japan to regain its position as top holder of American government debt after a 15-month hiatus.

Webmaster's Commentary: 

Birds on a wire ...

Feb 16 15:03

Foreign demand for US Treasury securities falls by record amount as China reduces holdings

Webmaster's Commentary: 

China starts to dump the dollar.

Feb 14 18:14

Lebanon’s next war may also be Syria’s

Media reports in recent days have painted dire scenarios for what is, supposedly, the inevitable conflict between Israel and Hezbollah. Of particular note are persistent indicators that the next round, if or when it comes, will very likely involve Syria as well.

Webmaster's Commentary: 

Here is a scenario.

Israel attacks Lebanon and Syria.

Israel screams for help against the evil aggressors, then when the US sends YOUR kids to die in battle for Israel, Israel launches an attack against Iran.

Russia and China come in on Iran's side.

The US realizes it lacks the conventional forces to successfully wage a new world war and resorts to its nuclear arsenal against Russia and China.

China and Russia retaliate with their nuclear weapons.

The US, Russia, and China are blown back to the stone age.
Israel, laughing at how easy it was to trick the goyim into killing each other off, is now able to use their own nuclear arsenal to blackmail what is left of the world into submission.

Feb 12 13:46

Beijing Seen Vacant for 50% as Chanos Predicts Crash

Jack Rodman, who has made a career of selling soured property loans from Los Angeles to Tokyo, sees a crash looming in China. He keeps a slide show on his computer of empty office bu

Feb 11 11:56

China Orders Retreat From Risky Dollar Assets

China has ordered managers of its vast currency reserves to withdraw from risky dollar assets and retreat to core debt guaranteed by the US government, a clear sign that Beijing is battening down the hatches for fresh trouble on global markets.

Feb 10 12:03

The Dumping Begins: Chinese Reserve Managers Notified That Any Non-USG Guaranteed Securities Must Be Divested

It appears that this time China’s posturing is for real. Following up on our earlier post that Chinese military officials want to “punish” America by selling Treasuries, Asia Times Online is reporting that an explicit directive by the Chinese government has notified reserve managers to sell all risky US assets, including asset backed and corporates, and just hold on to explicitly guaranteed Treasuries and Agency debt. And from following TIC data we know that China’s enthusiasm for MBS/Agencies over the past year has been matched solely by that of one Bill Gross.

Feb 10 10:39

China to Sell U.S. Securities

Something big is happening in China which could have a huge effect on the American economy.

On Tuesday, Reuters reported:

Senior Chinese military officers have proposed that their country ... possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.
Now, Asia Times is reporting:

Feb 09 11:08

China PLA officers urge economic punch against U.S.

Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.

Feb 08 02:09

China’s hawks demand cold war on the US

MORE than half of Chinese people questioned in a poll believe China and America are heading for a new “cold war”.

The finding came after battles over Taiwan, Tibet, trade, climate change, internet freedom and human rights which have poisoned relations in the three months since President Barack Obama made a fruitless visit to Beijing.

According to diplomatic sources, a rancorous postmortem examination is under way inside the US government, led by officials who think the president was badly advised and was made to appear weak.

In China’s eyes, the American response — which includes a pledge by Obama to get tougher on trade — is a reaction against its rising power.

Feb 07 08:49

Hillary to China: Vote for Iran Sanctions, or Face Gulf Conflagration and Oil Cutoff

Feb 05 12:00

Capability of the People’s Republic of China to Conduct Cyber Warfare and Computer Network Exploitation

Executive Summary

The government of the People’s Republic of China (PRC) is a decade into a
sweeping military modernization program that has fundamentally transformed its
ability to fight high tech wars. The Chinese military, using increasingly networked
forces capable of communicating across service arms and among all echelons of
command, is pushing beyond its traditional missions focused on Taiwan and toward a
more regional defense posture. This modernization effort, known as
informationization, is guided by the doctrine of fighting “Local War Under
Informationized Conditions,” which refers to the PLA’s ongoing effort to develop a
fully networked architecture capable of coordinating military operations on land, in air,

Feb 05 11:52

GhostNet

GhostNet (simplified Chinese: ???; traditional Chinese: ???; pinyin: Y?uLíngW?ng) is the name given by researchers at the Information Warfare Monitor to a large-scale cyber spying[1][2] operation discovered in March 2009. Its command and control infrastructure is based mainly in the People's Republic of China and has infiltrated high-value political, economic and media locations[3] in 103 countries. Computer systems belonging to embassies, foreign ministries and other government offices, and the Dalai Lama's Tibetan exile centers in India, London and New York City were compromised. Although the activity is mostly based in China, there is no conclusive evidence that the Chinese government is involved in its operation.[4]

Feb 05 08:44

Coming to Milwaukee: A Chinese mega-mall?

A Beijing-based company will soon open a Chinese-style mega shopping mall in the most unlikely of places: Milwaukee, Wisconsin.

"The cost of doing business there is very low," said Wu Li, president of Toward Group. "The people are friendly, the environment is peaceful and the pace of living is slow. It is a good place for Chinese enterprises to go abroad."

Feb 05 07:29

The Sword and the Shield: Surround Russia and China with Mobile "Missile Defense" Systems

The latest news is that Romania will be hosting the U.S. Army's ground-based "missile defense" systems. Russia is not pleased with these developments.

These same Army Patriot Advanced Capability-3 (PAC-3) systems are going to be deployed in Taiwan as the U.S. continues its military encirclement of China. U.S. PAC-3 systems have already been deployed in Japan and South Korea.

Feb 04 11:07

China cancels 80% of Iraq debt

Webmaster's Commentary: 

Be nice if someone would cancel OUR debts...

Feb 04 08:58

China Renews Opposition to Iran Sanctions

Reflecting a growing catalog of disputes between Washington and Beijing, a senior Chinese official said Thursday that pressure for tighter sanctions against Iran over its nuclear program could block chances of a diplomatic settlement to the dispute.

Feb 02 06:36

China warns of 'serious damage' if Barack Obama meets Dalai Lama

The warning comes after three weeks of increasingly irate exchanges between the US and China over contentious issues including internet censorship, trade and a decision by the Obama administration to sell £4bn of arms to Taiwan.

Although the Chinese government routinely objects to any foreign leaders meeting the exiled Tibetan spirutal leader analysts say the strength of the latest condemnation reflects genuine anger in Beijing at a perceived hardening of US attitudes towards China.
Zhu Weiqun, a vice minister of the united front work department of China's ruling Communist Party, which steers policy on religious affairs said any meeting would "seriously undermine" the political basis of China-US relations.

Feb 01 14:29

Another U.S. War? Obama Threatens China and Iran

The possibility of yet another U.S. war became more real last week, when the Obama administration sharply confronted both China and Iran. The first aggressive act was performed by Obama’s Secretary of State, Hillary Clinton, who “warned” China that it must support serious economic sanctions against Iran (an act of war).

Clinton said: “China will be under a lot of pressure to recognize the destabilizing effect that a nuclear-armed Iran would have, from which they receive a significant percentage of their oil supply.”

Feb 01 07:37

China attacks US 'Cold War' mentality over Taiwan arms sales

China has accused the United States of 'rude and unreasonable Cold War thinking' over its decision to sell £4 billion worth of arms to Taiwan.
The rhetoric in a series of venemous editorials in the government-controlled media was exceeded by thousands of anti-American comments on China's main internet portals, including a petition against the arms package that attracted more than 50,000 signatures in just a few hours.

Jan 31 08:48

Scenarios: How could China hit back at U.S.?

China has the world's biggest pile of foreign currency reserves, much of it held in U.S. treasury debt. China held $798.9 billion in U.S. Treasuries at end-October, displacing Japan in September 2008 as the largest foreign holder.

But China has shown no sign of trying to use that stake to punish the United States. Doing so, or even hinting that it could, would alarm global financial markets and push down the value of the dollar, thus dragging down the value of China's dollar-denominated assets.

Webmaster's Commentary: 

However, China could potentially de-link its currency peg to the US dollar, which could cause an enormous world of hurt economically here.

Jan 31 07:22

China bugging UK executives to obtain secrets: MI5

China is laying “honey traps” for UK business executives by bugging and burgling them in order to blackmail them into providing sensitive commercial secrets, British intelligence service MI5 has alleged.

The Times quoted a leaked MI5 document, as saying that China’s undercover intelligence officers have approached UK businessmen at trade fairs and exhibitions with the offer of “gifts” and “lavish hospitality”.

Jan 30 08:44

China threatens U.S. sanctions over Taiwan arms

China threatened to impose sanctions on U.S. arms firms and cut cooperation with Washington unless it cancels a $6.4 billion arms sale to Taiwan, in an unprecedented move signaling Beijing's growing global power.

Jan 30 08:43

China suspends military contacts with U.S. over Taiwan arms

China suspended on Saturday military contacts with the U.S. over its plans to sell $6.4 billion worth arms to Taiwan, the official Xinhua agency reported.

Webmaster's Commentary: 

Hillary tried to talk tough to China yesterday. China's canceling of contracts with US companies is the reply.

In a larger scope, since war with Iran will likely mean war with Russia and China, Hillary may have decided to start pissing China off now.

But if the US Government thinks that war with Taiwan can keep China from intervening in Iran, they are sadly mistaken.

Jan 30 08:36

US arms sales to Taiwan raise tensions with China

China has cancelled all military exchanges with the US in a sign of its anger at the proposed sale of advanced missiles and helicopters to Taiwan.
Beijing has also imposed sanctions on the companies selling the arms.

“We made the decision out of considerations on the severe harm of the US arms sales to Taiwan,” said Defence Ministry spokesman Huang Xueping in a statement.
“The US plan will definitely seriously disturb the relations between the two countries.”

Jan 30 04:29

China protests US arms sales, warns of 'serious' impact

China on Friday protested the US decision to sell 6.4 billion dollars in weapons to Taiwan and warned of "serious" damage to relations and cooperation with Washington.

Jan 29 08:29

Hillary Clinton hails 'candid' China Google talks

The United States and China agreed to keep talking about their spat over the internet search engine, following talks on the sidelines of an international conference on Afghanistan.

But while Mrs Clinton characterised the discussion as "a very positive exchange", in Washington the US commerce secretary gave warning that US companies were facing increasing obstacles when trying to do business in China.

Jan 29 07:35

Chinese Banks cut lending for January: First sign of mega depression?

Webmaster's Commentary: 

Did China just pull the plug on US debt?

Jan 27 07:28

China issues warning over US arms sales to Taiwan

Contacts with China's military would likely be the first to suffer if Beijing moves to retaliate over upcoming U.S. arms sales to Taiwan — the latest in a flurry of disputes elevating tensions between Washington and Beijing.

Webmaster's Commentary: 

Unfortunately, our weapons systems are about the only items left other countries want to buy from the US.

Jan 26 06:40

China to lead world scientific research by 2020

Chinese scientists are particularly strong on chemistry and materials engineering, both considered central to the country’s industrial development and economic future.

The number of peer-reviewed papers published by Chinese researchers rose 64-fold over the past 30 years.

China is now second only to the US in terms of academic papers published, and will take first place by 2020 if current trends continue.

It comes after last week’s announcement that China is poised to replace Japan as the world’s second largest economy, behind the US.

Jan 22 09:08

China teen seen as hero for killing local official

When Li Shiming was stabbed through the heart by a hired assassin, few of his fellow villagers mourned the local Communist Party official many say made their lives hell by seizing land, extorting money and bullying people for years.

Instead, villagers in the northern town of Xiashuixi have made Li's teenage killer something of a local hero. More than 20,000 people from the coal-mining area petitioned a court for a lenient sentence.

"I didn't feel surprised at all when I heard Li Shiming was killed, because people wanted to kill him a long time ago," said villager Xin Xiaomei, who says her husband was harassed for years by Li after the two men had a personal dispute. "I wanted to kill Li myself, but I was too weak."

Webmaster's Commentary: 

Coming to an arrogant self-important bureaucrat near you?

Jan 20 08:56

U.S.-China Military Tensions Grow

Even though the U.S. military budget is almost ten times that of China's (with a population more than four times as large) and Washington plans a record $708 billion defense budget for next year compared to Russia spending less than $40 billion last year for the same, China and Russia are portrayed as threats to the U.S. and its allies. China has no troops outside its borders; Russia has a small handful in its former territories in Abkhazia, Armenia, South Ossetia and Transdniester. The U.S. has hundreds of thousands of troops stationed in six continents.

Jan 19 14:31

Google China hacks 'a possible inside job'

Cyber attacks against human rights activists could have been facilitated by people working in Google's China office, say reports

Jan 15 06:25

Banned in China: what the regime doesn't want its people to see

Google’s threat yesterday to stop censoring search results on its Google.cn site raises the question of just what the regime is censoring. As we reported yesterday, China has increasingly sophisticated tools – known as the ‘Golden Shield’ or the ‘Great Firewall of China’ – available to monitor and limit web traffic. The sites that are blocked vary over time but there are some common themes.

Jan 14 14:46

China sending lower level rep to six-power meet on Iran

China will send a lower-level representative to a meeting of six world powers on Iran's nuclear program, a State Department spokesman said Thursday.

"We are aware that the representation will be below the level of political director," State Department spokesman Philip Crowley said. "It will be a useful meeting to have regardless of the Chinese representation."

Webmaster's Commentary: 

China is sending a messenger with a back channel or "sub rosa" message to the Iran Six, most likely a reminder that China will not tolerate any more interference with the middle east.

Jan 13 15:23

Google to end censorship in China over cyber attacks

Google, the world's leading search engine, has thrown down the gauntlet to China by saying it is no longer willing to censor search results on its Chinese service.

The internet giant said the decision followed a cyber attack it believes was aimed at gathering information on Chinese human rights activists.

The move follows a clampdown on the internet in China over the last year, which has seen sites and social networking services hosted overseas blocked – including Twitter, Facebook and YouTube – and the closure of many sites at home. Chinese authorities ­criticised Google for supplying "vulgar" content in results.

Jan 13 07:33

Google threatens to pull out of China

Google, the internet search engine, has said it is ready to close down its business and quit China because of the country's increasing censorship.

In a head-to-head confrontation with the Chinese government, the company said that it will pull out of the country unless it is allowed to provide a totally uncensored service.

Jan 12 19:55

Google may exit China after 'highly targeted' attack

Google plans to curb its controversial practice of censoring search results in China after uncovering a "highly sophisticated and targeted attack" designed to steal information about human rights activists from its Gmail service and at least 20 other large companies.

The attack that hit Google in mid-December originated in China and was aimed at accessing the Gmail accounts of human rights activists. Although only two email accounts appear to have been breached, "accounts of dozens of US-, China- and Europe-based Gmail users who are advocates of human rights in China" have been routinely breached, most likely as a result of phishing or malware attacks, the company said Tuesday.

Jan 12 10:43

On Asia-Pacific trip, Hillary Clinton downplays U.S.-China friction

Secretary of State Hillary Rodham Clinton on Monday played down friction between the United States and China, saying she thinks the countries have a "mature" enough relationship to be able to handle differences of opinion.

Webmaster's Commentary: 

Like the $1 trillion loan from China the US just defaulted on?

Jan 12 10:16

USA WILL NOT REPAY $1 TRILLION DEBT TO CHINA

Jan 11 06:58

China car sales top U.S.

China's auto sales surged past the United States to reach record levels in 2009, industry figures showed on Monday, underscoring China's importance to the global auto industry as the world's biggest market.

The figures came as PSA Peugeot Citroen of France said markets were expected to show signs of recovery around the world in 2010, while Volkswagen AG said it aims to at least double its U.S. sales in coming years.

===

And to think that in China they have problems finding enough space on the road for a bicycle.
Try to imagine my complete and utter lack of surprise.

Jan 10 09:01

China becomes biggest exporter

China has overtaken Germany as the world's biggest exporter of goods after exports rose for the first time in 14 months, data has shown.

Webmaster's Commentary: 

This is how you make a nation prosperous' you make products that other nations wish to buy!

Starting about 40 years ago, the United States forgot this most basic economic principle. A generation of managers trained by MBA programs to not respect manufacturing grew up to be CEOs with no respect for manufacturing. Instead of making products to make money they made money the product, treating it like a commodity, packaging it, decorating it, and shifting it back and forth at high speed in the hopes such shaking would make the money grow by magic.

Of course all that really happened is that the Goldman Sachs and Bernie Madoffs simply skimmed off the cream as the cash flowed by and while the sharpsters, grafters, and operators grew fabulously rich the nation as a whole went into a decline. Our cultural admiration went to criminals who seemed to make money appear out of thin air, and our disdain fell on anyone with grease under their fingernails. Manufacturing became equated with lower class. Wealth by any means was the sign of the elect. Even today there are many who still admire Bernie Madoff and Ken Lay for the cleverness they showed in strip-mining the families of America.

The greatness of a nation is not how many tanks and bombs it can make but how many cars, microwave ovens, and heavy appliances it can sell around the world.

America has fallen from that pantheon long ago.

Jan 10 07:06

NEWSFLASH: China Becomes World's Largest Exporter

China 'overtakes Germany as world's largest exporter

China's exports rose 17.7% in December, state media has reported, suggesting the country has overtaken Germany as the world's largest exporter.

Jan 08 07:04

More than 106,000 officials punished in first 11 months of 2009: official

About 2.6 percent of those punished by the CPC were expelled from the Party and referred for prosecution for embezzlement or bribery, Gan said.

Webmaster's Commentary: 

We need something like that here in the US, I think!

Jan 07 17:12

Russia, China, Iran redraw energy map

The inauguration of the Dauletabad-Sarakhs-Khangiran pipeline on Wednesday connecting Iran's northern Caspian region with Turkmenistan's vast gas field may go unnoticed amid the Western media cacophony that it is "apocalypse now" for the Islamic regime in Tehran.

The event sends strong messages for regional security. Within the space of three weeks, Turkmenistan has committed its entire gas exports to China, Russia and Iran. It has no urgent need of the pipelines that the United States and the European Union have been advancing. Are we hearing the faint notes of a Russia-China-Iran symphony?

Jan 07 09:12

China blocks Iran sanctions over its nuclear plans

CHINA HAS blocked western efforts to impose a fresh round of UN sanctions on Iran over its nuclear programme, saying diplomatic efforts to stop Tehran building atomic weapons are ongoing.

Jan 06 04:20

America is losing the free world

Ever since 1945, the US has regarded itself as the leader of the “free world”. But the Obama administration is facing an unexpected and unwelcome development in global politics. Four of the biggest and most strategically important democracies in the developing world – Brazil, India, South Africa and Turkey – are increasingly at odds with American foreign policy. Rather than siding with the US on the big international issues, they are just as likely to line up with authoritarian powers such as China and Iran.

Jan 05 21:21

Committing treason for a piece of the pie

Committing treason for a piece of the pie
By Peter Chamberlin
Jan 5, 2010, 00:23
In the greatest fraud ever perpetrated upon any force of patriotic fighting men in the history of the human race, over 2 million men and women have been sent to fight and die in wars where victory was never possible, by government mandate. This has been a hallmark of America’s wars, set by the first Pres. Bush in his Gulf war. No useful assets like Saddam Hussein (or the Taliban, for that matter) can be eliminated in our wars of conquest. We are only interested in reeling in those who think that they are beyond control, restoring the balance of power, the balance of terror.

Jan 05 15:21

China rules out new U.N. sanctions on Iran for now

China's U.N. ambassador on Tuesday dashed Western hopes for a swift agreement on a fourth round of U.N. sanctions against Iran over its nuclear program, saying the issue requires more "time and patience."

Jan 03 11:23

The US and China: One Side is Losing, the Other is Winning

Asian capitalism, notably China and South Korea are competing with the US for global power. Asian global power is driven by dynamic economic growth, while the US pursues a strategy of military-driven empire building.

James Petras | January 3, 2010

One Day’s Read of the Financial Times

Jan 02 08:50

Concern as China clamps down on rare earth exports

Neodymium is one of 17 metals crucial to green technology. There’s only one snag – China produces 97% of the world’s supply. And they’re not selling.

Webmaster's Commentary: 

Get ready for a Chinese crotch-bomber, followed by the invasion.

Dec 30 11:55

PetroChina Wins Approval for $1.8 Billion Canadian Acquisition

Dec. 30 (Bloomberg) — PetroChina Co. won the approval of the Canadian government for its C$1.9 billion ($1.8 billion) bid to buy a stake in two Alberta oil-sands projects, its biggest North American acquisition.

The purchase by China’s largest oil company of a 60 percent share in Athabasca Oil Sands Corp.’s MacKay River and Dover oil- sands projects “is likely to be of net benefit to Canada,” Industry Minister Tony Clement said in a statement yesterday.

Dec 30 09:13

China resets terms of engagement in Central Asia

Nursultan Nazarbayev has a way of drawing lines in the sand. The president of Kazakhstan recently told global oil and metal majors that new laws would allow only those foreign investors that cooperate with his industrialization program to tap his nation's mineral resources.

Nazarbayev's message was direct: Western investors could keep their money if interested only in exploiting Kazakhstan's mineral wealth. The president was speaking as a momentous event in the history and politics of Central Asia was resetting the terms of engagement for foreigners in the region: the development of an ambitious 7,000 kilometer pipeline to link the region's gas fields to cities on China's eastern seaboard.

Webmaster's Commentary: 

Please note: China is making deals to get the energy upon which its future development will depend.

The US is waging wars without end to achieve the same outcome, bankrupting itself in the process.

What's wrong with this picture, from a standpoint of the mere survival of the United States of America?

Everything!

Dec 29 04:45

China Unveils the World’s Fastest Super High-Speed Train

China on Saturday launched what it described as the world’s fastest super high-speed train. The new bullet train runs at an average speed of 217 miles-an-hour, and can reach up to 245 miles-an-hour, cutting the 1,068 kilometers (664 miles) journey time between Wuhan in central China and Guangzhou in the country’s south (a business hub near Hong Kong) from the original 9 hours to about 3 hours.

Dec 27 19:27

Appeals to China Intensify in Effort to Spare Briton

It was in this suitcase, Reprieve has said, that customs officials at Urumqi found nearly nine pounds of heroin. Chinese law imposes the death penalty for anyone found smuggling more than 50 grams of heroin, less than two ounces.

Dec 25 07:29

China and Russia may mean more Spielberg

Seeing some recent news and developments on the Middle East game of “Smoke and Mirrors”, a game that the U.S. taxpayer funds and the U.S. government serves a key role. One of the many reasons the United States of America is hated across the globe. We have discussed how critical China and Russia are for the future of the Middle East, especially in Iran which already has close diplomatic and economic ties with Russian and China (two veto wielding, permanent members of the U.N. Security Council). See our Putin back to the Kremlin? post...