” China’s official Xinhua News Agency says authorities consider the attack by a group of knife-wielding assailants at a train station in southwestern China in which at least 27 people died to be an act of terrorism.
Xinhua did not identify who might have been responsible for the Saturday evening attack at the Kunming Railway Station in Yunnan province. But the news agency said authorities considered it to be “an organized, premeditated violent terrorist attack.” “
Tag Archive: China
” In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates. Of course the number one foreign nation that we depend on to participate in our system is China.
Unfortunately, there are signs that China has now decided to start looking for a smooth exit from the game. In November, I wrote about how the central bank of China has announced that it is “no longer in China’s favor to accumulate foreign-exchange reserves”. That means that the pile of U.S. dollars that China is sitting on is not going to get any higher.
This week, we learned that China started to dump U.S. debt during the month of December. Many have imagined that China would try to dump a flood of our debt on to the market all of a sudden once they decided to exit, but that simply does not make sense. Instead, it makes sense for China to dump a bit of debt at a time so that the market will not panic and so that they can get close to full value for the paper that they are holding.
As Bloomberg reported the other day, China dumped nearly 50 billion dollars of U.S. debt during the month of December… “
The profligate spending of our ruling class over the past few decades is about to come back and bite us on the **s . Do you speak Chinese ? You might want to learn . Read the rest of this alarming report .
A parting shot to make you sit up and take notice …
” So if China is not going to stockpile U.S. dollars or U.S. debt any longer, what is it going to stockpile?
It is going to stockpile gold of course. In fact, China has been voraciously stockpiling gold for quite some time, and their hunger for gold appears to be growing.”
China Sold Second-Largest Amount Ever Of US Treasurys In December: And Guess Who Comes To The Rescue
” While we will have more to say about the disastrous December TIC data shortly, which was released early today, and which showed a dramatic plunge in foreign purchases of US securities in December – the month when the S&P soared to all time highs and when everyone was panicking about the 3% barrier in the 10 Year being breached and resulting in a selloff in Tsy paper – one thing stands out. The chart
below(above) shows holdings of Chinese Treasuries (pending revision of course, as the Treasury department is quite fond of adjusting this data series with annual regularity): in a nutshell, Chinese Treasury holdings plunged by the most in two years, after China offloaded some $48 billion in paper, bringing its total to only $1268.9 billion, down from $1316.7 billion, and back to a level last seen in March 2013! “
Not exactly confidence inspiring Barack , especially when you consider that the Japanese shed billions in US treasuries in December as well . Read more at Zero Hedge .
” China’s ongoing colonization of Africa represents yet another sad development in the continent’s tragic history. I briefly highlighted this topic once before in December 2012, via a “Guest Post” I suggest reading titled: Africa in the Crosshairs.
Unfortunately, Erik Prince of Blackwater infamy is now coming to town, which can only mean more pain, suffering and servitude for Africa.
Prince has logistics, aviation, manufacturing, resources and energy business interests in Africa, the Middle East and North America, and is the founder of Frontier Resource Group, a private equity firm active in African aviation, exploration, mining and logistics, DVN said. “
For the uninitiated the above video and accompanying text (see below) give an overview of Erik Prince , Blackwater and the controversy that seems to follow him wherever he goes .
Published on Jul 16, 2013
” Erik Dean Prince (born June 6, 1969) is an American businessman and former U.S. Navy SEAL, best known for founding the world’s largest private military company, Blackwater USA, in 1997. He served as its CEO until 2009 and later as chairman until Blackwater Worldwide was sold in 2010 to a group of investors. Prince currently lives in the United Arab Emirates.
Prince credits the Rwandan genocide with his decision to start Blackwater. He told an audience in his native Holland, Michigan, “It really bothered me. It made me realize you can’t sit back and pontificate. You have to act.”
Since 1997, the firm has been awarded more than $1.6 billion in unclassified federal contracts and an unknown amount of classified work. It became the largest of the State Department’s three private security companies, providing 987 guards for embassies and bases abroad.
Since 2001, the Central Intelligence Agency (CIA) has awarded up to $600 million in classified contracts to Blackwater and its affiliates. The Barack Obama administration awarded the company a $120 million United States Department of State security contract and about $100 million in new CIA work in 2010.
Prince takes great pride in the work Blackwater has done and points to its successes. According to him, out of 40,000 personal security missions, only 200 involved guards discharging their weapons. “No one under our care was ever killed or injured. We kept them safe, all the while we had 30 of our men killed.”
Prince, according to Robert Young Pelton reportedly thinks of Blackwater’s relationship to the military as something similar to FedEx’s relationship to the U.S. Post Office “an efficient, privatized solution to sclerotic and wasteful government bureaucracy.” He credits his father’s competitive streak in the automotive business with the inspiration to design a lighter, faster army.
In recent years Blackwater has come under criticism, but Prince believes that much of this criticism stems from politics. “I put myself and my company at the CIA’s disposal for some very risky missions,” Prince told Vanity Fair for its January 2010 issue. “But when it became politically expedient to do so, someone threw me under the bus.”
Prince resigned as CEO of Blackwater on March 2, 2009 and remained as chairman of the board until he sold the company in late 2010 to a group of investors.
Disclosure as part of a covert CIA task force
Prince was part of a secret CIA task force created to kill terrorists. The House intelligence congressional committee leaked his name to the press. Prince compared himself to the target of the similar government leak of Valerie Plame: “Valerie Plame’s identity was compromised for political reasons. A special prosecutor [was even] appointed. Well, what happened to me was worse. People acting for political reasons disclosed not only the existence of a very sensitive program but my name along with it.”
Academi—previously known as Xe Services LLC, Blackwater USA and Blackwater Worldwide—is a private military company founded in 1997 by Erik Prince and Al Clark. Academi is currently the largest of the U.S. State Department’s three private security contractors. Academi provided diplomatic security services in Iraq to the United States federal government on a contractual basis. Academi also has a research and development wing that was responsible for developing the Grizzly APC along with other military technology. The company’s headquarters is located in Arlington County, Virginia.
” Where crude oil is concerned, Canada waits for no country. It doesn’t matter how wealthy or how friendly that country is — or whether that country is the United States.
With the Canada-to-Texas Keystone XL pipeline stuck in limbo on the U.S. side, Canada’s Energy Board recently gave a thumbs up to a $6.5 billion pipeline designed to carry 525,000 barrels of oil per day from the oil sands of Alberta to ships on the British Columbia coast. The final destination is most likely Asia.
The development has the U.S. oil industry attacking the Obama administration over its drawn-out process.
“ It’s taken longer to approve the Keystone XL pipeline than it did to win World War II, longer than it took us to put a man in space, and almost as long as it took to build the Trans-Continental railroad 155 years ago,” said Jack Gerard, president of the American Petroleum Institute.”
” An eyewitness said: “He told her she already had enough shoes, more shoes that she could wear in a lifetime, and it was pointless buying any more. She started shouting at him, accusing him of being a skinflint, and of spoiling Christmas. It was a really heated argument.”
The shouting match ended when the man chucked the bags on the floor and jumped over the balcony. He smashed into Christmas decorations on his way down before hitting the floor seven stories below.”
Finally , proof that excessive shopping can kill .
” Two long-range American bombers have conducted what Pentagon officials described Tuesday as a routine training mission through international airspace recently claimed by China as its “air defense identification zone.”
The Chinese government said Saturday that it has the right to identify, monitor and possibly take military action against aircraft that enter the area, which includes sea and islands also claimed by Japan. The claim threatens to escalate an already tense dispute over some of the maritime territory.”
“American officials said the pair of B-52s carried out a mission that had been planned long in advance of the Chinese announcement last weekend, and that the United States military would continue to assert its right to fly through what it regards as international airspace.
Pentagon officials said the two bombers made a round-trip flight from Guam, passing through a zone that covers sea and islands that are the subject of a sovereignty dispute between Japan and China.”
The B-52 sortie could certainly be considered provocative by some and as difficult as it is to find common ground with out illustrious leader on most matters both domestic and foreign , we strongly agree with the move as a way to quickly and firmly address the issue of China trying to claim sovereignty where no rightful claim exists .
While not intending to take sides on the issue of ownership of the disputed island chain , the fact remains that the sky above them is universally recognized as , and guided by, the traditional rules of international airspace . This was an absolutely necessary flight that couldn’t have been flown soon enough . The need to nip Chinese arrogance in the bud is imperative and hopefully the sortie was seen as the shot across the bows that Beijing so sorely needed .
Of course a more cynical individual (who me ?) might think that this was just the latest squirrel sighting , but let us give Dear Leader the benefit of the doubt a assume he has finally grown a pair … at least until Michelle and Valerie get out the scissors .
” Chinese state media is reporting the Chinese military completed its first test flight of their stealth drone that looks a a lot like the U.S. Navy’s X-47B.
Named the “Sharp Sword,” the drone flew for 20 minutes and successfully completed the test over Chengdu.
Defense analysts have speculated that the drone is a reverse-engineered copy of Russia’s Mikoyan Skat unmanned aerial vehicle. Not much else is known about the capabilities of the jet-powered drone.”
” The age of the drone is here, and U.S. intelligence agencies are warily monitoring their proliferation around the globe.
China uses them to spy on Japan near disputed islands in Asia. Turkey uses them to eyeball Kurdish activity in northern Iraq. Bolivia uses them to spot coca fields in the Andes. Iran reportedly has given them to Syria to monitor opposition rebels.
The U.S., Britain and Israel are the only nations to have fired missiles from remote-controlled drones, but the proliferation of unmanned aerial vehicles has become so prevalent that U.S. intelligence sources and private analysts say it is merely a matter of time before other countries use the technology.
“People in Washington like to talk about this as if the supposed American monopoly on drones might end one day. Well, the monopoly ended years ago,” said Peter W. Singer, who heads the Center for 21st Century Security and Intelligence at the Brookings Institution.
What’s worse, clandestine strikes carried out by Washington in far-flung corners of the world have set a precedent that could be ugly.”
” For the first time in history the U.S. Army will host the Communist Peoples Republic of China’s Army on American soil Nov. 12-14, 2013.
But don’t worry while Chinese soldiers will have boots on the ground in Hawaii, they are only really “simulating”. “Simulating humanitarian assistance and disaster relief to a fictional third country”.
You can’t make this stuff up when GridEx 2 is doing it for you.”
” GridEx 2 (there was already a GridEx 1in November of 2011) is a massive ‘emergency drill’ planned to take place across the whole of North America with thousands of utility workers, business executives, National Guard officers, FBI antiterrorism experts and officials from government agencies, in the United States, Canada and Mexico (who) are preparing for an emergency drill in November that will simulate physical attacks and cyberattacks that could take down large sections of the power grid. (New York Times, Aug. 16, 2013).
The exercise is touted as a unified move “to test the resiliency of the U.S. power grid to withstand major damage causes by a natural disaster or deliberate attack”.
“A key objective of GridEx 2 is to learn how governments would handle a loss of electrical power that is large enough to drastically affect the delivery of common and essential goods and services.” (NYT)
The New York Times reported on GridEx 2’s massive, Nov. 13-14 drill on August 16, but never mentioned the participation of the Peoples Republic of China’s Army.”
” Seven explosions occurred at around 07:40 local time near the Shanxi Provincial Committee of the Communist Party of China, South China Morning Post reports.
One person has been killed and eight wounded and two cars damaged in the blasts, according to official reports.
Ball bearings likely embedded within an improvised explosive device (IED) were found at the scene, Xinhua reports. ”
This bombing comes on the heels of another attack last week in Tianamen Square that left five dead and in which Islamists are being sought .
Published on Oct 29, 2013
” Chinese authorities are seeking information on two Islamist extremists suspected of a terror attack in Beijing’s Tiananmen Square, which killed five people and injured a further 38. Three Filipinos and a Japanese man were among those injured.”
” The Honolulu Star is reporting that China has moved ” spy ships” in to Hawaiian waters, believed to be as an act of retaliation against U.S. occupation of the East China Sea. China’s navy has never entered these waters. One media outlet aimed at an asian-American audience, the gold sea, is reporting that a 4000 ton electronic reconnaissance ship from the People’s Liberation Army was spotted within 200 miles of the Exclusive economic zone by Hawaii.
The ship “is equipped with various electronic gear for eavesdropping on radio communications and tracking ships and aircraft. It is also believed to have jamming equipment to interfere with the radio communications of other ships,” according to the report.”
Original story here , behind pay wall .
Dear Leader sure knows how to win friends and influence people . Where would we be without the smartest president ever and his “reset buttons” and “smart diplomacy” ?
” 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 Daily, the Global Times, the PLA Daily, the China Youth Daily and the Guangmin Daily ran identical, top-headlined reports about the “awesomeness” of the People’s Liberation Army navy’s strategic submarine force.
“This is the first time in 42 years since the establishment of our navy’s strategic submarine force that we reveal on such a large scale the secrets of our first-generation underwater nuclear force,” the Global Times said in a lengthy article titled “China for the First Time Possesses Effective Underwater Nuclear Deterrence against the United States.”
The article features 30 photos and graphics detailing, among other things, damage projections for Seattle and Los Angeles after being hit by Chinese nuclear warheads and the deadly radiation that would spread all the way to Chicago.”
Here is the link to the Global Times article referenced above . Here is a timeline of the history of the PLA Navy’s Ballistic missile submarine fleet .
Check it out . There are photos , links and lots of other information of the Chinese nuclear fleet .
Here’s a photo of the interior of a Chinese sub .
The timing of this unprecedented release of such candid war plans by the Chinese government can only mean one thing . The Chinese leadership has decided that the US is in fact , as bin Laden said , a “paper tiger” . All of our Dear Leader’s vaunted “smart diplomacy” has convinced no one other than the usual media toadies polishing the man’s boots.
Do you feel safer now than you did 6 years ago ? The “smartest man to ever hold the presidency” is not looking too bright these days . Allies are shunning us , enemies are taunting us and the government is bankrupting us .
” Chinese scientists have made headway with successful experiments using Li-Fi technology, where wireless signals are sent by lightbulbs, according to Xinhua News.”
” Four computers under a one-watt LED lightbulb may connect to the Internet under the principle that light can be used as a carrier instead of traditional radio frequencies, said Chi Nan, an IT professor at Shanghai’s Fudan University.
She explained a lightbulb with embedded microchips can produce data rates as fast as 150 Mbps, much higher than the average broadband connection in China.”
” Saving General Motors from bankruptcy was among President Obama’s most frequently cited achievements when he ran for re-election last year. Democrats everywhere touted the company’s revival as proof of the 2009 bailout’s wisdom. That was then. Now, Obama has quietly released the auto manufacturer from a bailout requirement that it increase its production in the U.S. Instead, GM is spending billions of dollars building up its production capacity in … China.
This is happening despite the fact that the Treasury Department has to date recovered just $36 billion of its original $51 billion loan to GM. By most analysts’ predictions, American taxpayers will be out approximately $10 billion when the remaining stock is sold off. Which is a long way of saying that it now appears that taxpayers paid $10 billion to make it easier for GM to accelerate its foreign outsourcing and send more manufacturing jobs to China.
Here’s what happened: In exchange for the bailout in 2009, GM promised to meet certain domestic car production targets over the next four years. The obvious point of this stipulation was to ensure that GM jobs remained here at home and weren’t shipped overseas. The production targets started at 1.8 million in 2010 and were supposed to rise to 2.26 million by 2014. GM repeatedly missed the targets, beginning with an 81,000-unit shortfall the first year. Production increased thereafter, but never quite enough to meet the targets. Last year, GM fell about 13,000 cars short of its 2 million target.”
Face it , everyone but Obama’s union cronies got the shaft on his “signature economic success story” and now their time is about to come . Just like with Obamacare , he uses the unions as his foot-soldiers to force his way of things , but at the end of the day the unions end up footing the bill along with the rest of us .
” What in the world is China up to? Over the past several years, the Chinese government and large Chinese corporations (which are often at least partially owned by the government) have been systematically buying up businesses, homes, farmland, real estate, infrastructure and natural resources all over America.
In some cases, China appears to be attempting to purchase entire communities in one fell swoop. So why is this happening? Is this some form of “economic colonization” that is taking place? Some have speculated that China may be intending to establish “special economic zones” inside the United States modeled after the very successful Chinese city of Shenzhen. Back in the 1970s, Shenzhen was just a very small fishing village, but now it is a sprawling metropolis of over 14 million people.
Initially, these “special economic zones” were only established within China, but now the Chinese government has been buying huge tracts of land in foreign countries such as Nigeria and establishing special economic zones in those nations. So could such a thing actually happen in America?
Well, according to Dr. Jerome Corsi, a plan being pushed by the Chinese Central Bank would set up “development zones” in the United States that would allow China to “establish Chinese-owned businesses and bring in its citizens to the U.S. to work.” Under the plan, some of the $1.17 trillion that the U.S. owes China would be converted from debt to “equity”.
As a result, “China would own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a U.S. government guarantee against loss.” Does all of this sound far-fetched? Well, it isn’t. In fact, the economic colonization of America is already far more advanced than most Americans would dare to imagine.
So whenever you see CNOOC or Sinopec, you can replace those names with the Chinese government. The Chinese government essentially runs both of those companies.
And as you can see from the following list compiled by the Wall Street Journal, those two companies have been extremely aggressive in buying up rights to oil and natural gas all over the nation…
Colorado: Cnooc gained a one-third stake in 800,000 acres in northeast Colorado and southeast Wyoming in a $1.27 billion pact with Chesapeake Energy Corp.
Louisiana: Sinopec has a one-third interest in 265,000 acres in the Tuscaloosa Marine Shale after a broader $2.5-billion deal with Devon Energy.
Michigan: Sinopec gained a one-third interest in 350,000 acres in a larger $2.5 billion deal with Devon Energy.
Ohio: Sinopec acquired a one-third stake in Devon Energy’s 235,000 Utica Shale acres in a larger $2.5 billion deal.
Oklahoma: Sinopec has a one-third interest in 215,000 acres in a broader $2.5 billion deal with Devon Energy.
Texas: Cnooc acquired a one-third interest in Chesapeake Energy’s 600,000 acres in the Eagle Ford Shale in a $2.16-billion deal.
Wyoming: Cnooc has a one-third stake in 800,000 acres in northeast Colorado and southeast Wyoming after a $1.27 billion pact with Chesapeake Energy. Sinopec gained a one-third interest in Devon Energy’s 320,000 acres as part of a larger $2.5 billion deal.
Gulf of Mexico: Cnooc Ltd. separately acquired minority stakes in some of Statoil ASA’s leases as well as six of Nexen Inc.’s deep-water wells.
So why is the U.S. government allowing this? “
Read the whole link-filled piece
” An unmistakable sense of unease has been growing in capitals around the world as the U.S. government from afar looks increasingly befuddled – shirking from a military confrontation in Syria, stymied at home by a gridlocked Congress and in danger of defaulting on sovereign debt, which could plunge the world’s financial system into chaos.
While each of the factors may be unrelated to the direct exercise of U.S. foreign policy, taken together they give some allies the sense that Washington is not as firm as it used to be in its resolve and its financial capacity, providing an opening for China or Russia to fill the void, an Asian foreign minister told a group of journalists in New York this week.
Concerns will only deepen now that President Barack Obama canceled travel this weekend to the Asia Pacific Economic Cooperation Forum in Bali and the East Asia Summit in Brunei. He pulled out of the gatherings to stay home to deal with the government shutdown and looming fears that Congress will block an increase in U.S. borrowing power, a move that could lead to a U.S. default.
The political turbulence in Washington and potential economic bombshells still to come over the U.S. government shutdown and a possible debt default this month have sent shivers through Europe. The head of the European Central Bank, Mario Draghi, worried about the continent’s rebound from the 2008 economic downturn.
“We view this recovery as weak, as fragile, as uneven,” Draghi said at a news conference.
As Europe worries about economics, Asian allies watch in some confusion about what the U.S. is up to with its promise to rebalance military forces and diplomacy in the face of an increasingly robust China.
Global concerns about U.S. policy came to a head with Obama’s handling of the civil war in Syria and the alleged use of chemical weapons by the regime of President Bashar Assad. But, in fact, the worries go far deeper.”
Read the whole scathing piece on the diminution of the USA under Obama.
” Pentagon intelligence agencies are closely watching Russian and Chinese war games now taking place in Europe and Asia involving tens of thousands of troops.
“The Russians are moving forces closer to Europe, and that is troubling,” said a military official.
Russia’s Zapad-13 military exercises in Belarus are scheduled to end Thursday. They included practice attacks on a western state, said one official familiar with reports of the maneuvers.
Some 13,000 Russian and Belarusian troops took part with over 60 aircraft and helicopters and up to 250 vehicles.
Russian officials recently denied Polish press reports that the Zapad-13 would include a notional nuclear attack on Warsaw. However, Russian officials have said the war games will involve practicing precision air and missile strikes.
On the Russian air base, Russian air force chief Lt. Gen. Vladimir Bondarev announced in June that the air base for Su-27 jets in Belarus would be opened near the city of Lida, near the border with Poland and Lithuania.
Meanwhile in China, Chinese military forces are engaged in large-scale exercises involving some 40,000 troops.
The exercise also will seek to boost Chinese combined arms warfare capabilities that integrate air, naval, and ground forces for long-distance fighting, joint air defense, and joint warfighting on unfamiliar terrain.”
” You may have heard of sneaky nose jobs in Bollywood, but this piece of bizarre news is bound to drive away the images of a cute little bobby nose from your head. But this story has a rather tragic start , but a happy ending. A Chinese man, who has only been named as Xiaolian, has had a nose grown on his forehead. Doctors at a hospital in Fuzhou, Fujian province created a replacement for his original nose which was infected and deformed.”