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Tag Archives: China
China Is On A Debt Binge And A Buying Spree Unlike Anything The World Has Ever Seen Before
When it comes to reckless money creation, it turns out that China is the king. Over the past five years, Chinese bank assets have grown from about 9 trillion dollars tomore than 24 trillion dollars. This has been fueled by … Continue reading
Polar Cold War
The Pentagon on Friday unveiled a new strategy to defend the Arctic region from security threats as Russia builds up cold-weather forces in the region and China prepares to claim resources. Defense Secretary Chuck Hagel said during a speech in … Continue reading
U.S. Warns China Over East China Sea Maritime Grab
by Bill Gertz The Pentagon invoked a U.S. defense treaty with Japan and warned China on Saturday that its declaration of an air defense zone over the East China Sea is increasing the danger of military conflict. Both Secretary of … Continue reading
China Announces That It Is Going To Stop Stockpiling U.S. Dollars
China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States. The central bank of China has decided that it is “no longer in China’s favor to accumulate foreign-exchange reserves”. During … Continue reading
Posted in Editorial, Financial
Tagged China, Dollar, Reserve Currency
Comments Off on China Announces That It Is Going To Stop Stockpiling U.S. Dollars
Rice Warns China to Curb Cyber Espionage
China’s continued cyber espionage against the United States is undermining economic relations, White House National Security Adviser Susan Rice warned Beijing on Wednesday. Rice said in unusually forceful language China must curtail government-backed cyber spying or risk undermining close trade … Continue reading
Posted in Editorial
Tagged China, cyber espionage
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Admiral: China Nuclear Missile Submarine Threat is Not Credible
Watch this: Then read this: by Bill Gertz China’s recent threat to use submarine-launched nuclear missiles to attack U.S. cities lacks credibility, the Navy’s top admiral said on Saturday. “For a submarine-launched ballistic missile to be effective it has to … Continue reading
China Tests High-Speed Precision-Guided Torpedo that Poses a Threat to U.S. Ships and Submarines
by Bill Gertz China’s navy recently conducted a test of a new high-speed maneuvering torpedo that poses a threat to U.S. ships and submarines. Defense officials said the new torpedo is the latest example of what the Pentagon calls Beijing’s … Continue reading
Chinese troops will have boots on the ground in Hawaii on Tuesday
Aloha Hawaiians! If you see what you think are soldiers from the Communist Peoples Republic of China Army wandering about in your neck of the woods Tuesday through Thursday next week, your imagination is not playing tricks on you. For … Continue reading
How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System
I strongly suggest you read this entire article. David DeGerolamo The death of the dollar is coming, and it will probably be China that pulls the trigger. What you are about to read is understood by only a very small … Continue reading
Bill Gertz: China Deploys New Bomber with Long-Range Land Attack Missile
China’s military recently deployed an upgraded strategic bomber that will carry the military’s new long-range land attack cruise missile, capable of attacking Hawaii and Guam, according to a draft congressional report. The Oct. 8 draft of the forthcoming report of … Continue reading
Posted in Editorial, War
Tagged Bill Gertz, China, Drone, H-6 Bomber
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Inside China: Nuclear submarines capable of widespread attack on U.S.
Chinese state-run media revealed for the first time this week that Beijing’s nuclear submarines can attack American cities as a means to counterbalance U.S. nuclear deterrence in the Pacific. On Monday, leading media outlets including China Central TV, the People’s … Continue reading
China central bank seeks to reassure money markets after rate spike
China’s central bank sought to reassure money market traders that a spike in short-term interest rates does not signal a dramatic tightening of liquidity, sources said, in an apparent move to avoid a repeat of a credit panic that roiled … Continue reading
IS SHIBOR INDICATING A CHINESE BANKING SYSTEM COLLAPSE IN NOVEMBER?
Is Peking panicking again? Do you recall the June panic in the Chinese banking sector? Rumor of defaults of a secondary bank resulted in the SHIBOR, equivalent of LIBOR for China, spiking abruptly. In the span of a few hours, a “Credit … Continue reading
China’s Gold Reserves At Least 2.5 Times Higher Than Reported, ‘De-Americanisation’ Continues
Comments from state backed Xinhua that call for a “de-Americanised world” and a proposal to consider a new international reserve currency to replace the dollar mark a key event for gold prices. The official Xinhua News Agency and the voice … Continue reading
Iran Announces 34 New Nuke Sites
Iran plans to build many new nuclear plants with atomic reactors along its coastlines with the Persian Gulf and Caspian Sea, Iran’s top nuclear official announced on Thursday. The announcement comes just a week after Western nuclear negotiators claimed that … Continue reading