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China Invading America NOW 2012/13/14

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August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Mark
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« Reply #30 on: May 25, 2012, 03:44:36 am »

45 Signs That China Is Colonizing America

Just because you were once the most powerful nation on earth does not mean that you will always be the most powerful nation on earth.  Every single year, hundreds of billions of dollars leaves the United States and goes to China.  This enormous transfer of wealth has had a dramatic effect on both countries.  In case you haven't noticed, many of our formerly great manufacturing cities such as Detroit are rotting away while shining new factories and skyscrapers are going up all over China.  If you go into any major retail store today and start turning over products, you will find that hundreds of them have been made in China and that very few of them have been made in America.  As a nation, we buy far, far more from China than they buy from us.  As a result, China is absolutely swimming in cash and they have been looking for things to do with all that money.  One thing that China has done is loan the U.S. government over a trillion dollars and this has given the Chinese a tremendous amount of leverage over us.  China has also started to buy up businesses, real estate and natural resources all over America.  This kind of "economic colonization" is similar to what China has already been doing in Africa, South America and Australia.  The formula is actually very simple.  We send them our money and then they use it to buy us.  With each passing day China's ownership over America grows, and it is frightening to think about where all of this could end.

The following are 45 signs that China is colonizing America....

#1 It was recently announced that China’s Dalian Wanda Group has bought U.S. movie theater chain AMC Entertainment for a whopping 2.6 billion dollars.  This deal represents China's biggest corporate takeover of a U.S. firm ever.

#2 Earlier this month, the Federal Reserve announced that it has given approval for banks owned by the Chinese government to buy stakes in U.S.-owned banks.

#3 A few days ago Reuters reported that China is now able to completely bypass Wall Street and purchase U.S. debt directly from the U.S. Treasury Department.

#4 A recent investigation by the U.S. Senate Committee on Armed Services found more than one million counterfeit Chinese parts in the Department of Defense supply chain.  How in the world could we be so stupid?

#5 After being bailed out by U.S. taxpayers, General Motors is currently involved in 11 joint ventures with companies owned by the Chinese government.  The price for entering into many of these "joint ventures" was a transfer of "state of the art technology" from General Motors to the communist Chinese.

#6 A Chinese company known as "Sino-Michigan Properties LLC" has purchased 200 acres of land near the town of Milan, Michigan.  The goal is to build a "China City" with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.

#7 As I reported on recently, corporations controlled by the Chinese government have been rapidly buying up U.S. oil and gas deposits worth billions of dollars.

#8 Chinese investors have been gobbling up real estate all over New York City.  The following is from a recent Forbes article....

    According to a recent report in the New York Times, investors from China are “snapping up luxury apartments” and are planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies also have signed major leases at the Empire State Building and at 1 World Trade Center, the report said.

#9 The Chinese are also doing huge real estate deals in cities in the middle part of the country.  The following example is from an article in the Toledo Blade....

    Dashing Pacific Group Ltd., which has already purchased the nearby Docks restaurant complex for $2.15 million, put its $3.8 million offer to buy the southern 69 acres at the Marina District in East Toledo back on the table for approval by Toledo City Council. Additionally, Dashing Pacific Chairman Yuan Xiaohong, in a letter signed in Hangzhou, said the firm wants a two-year option to buy the decommissioned Toledo Edison power plant property on the site.

#10 According to ABC News, major road and bridge projects all over the United States are being built by Chinese companies.  Meanwhile, there are millions upon millions of blue collar American workers that cannot find jobs.  The following is a brief excerpt from a recent ABC News article....

    In New York there is a $400 million renovation project on the Alexander Hamilton Bridge.

    In California, there is a $7.2 billion project to rebuild the Bay Bridge connecting San Francisco and Oakland.

    In Alaska, there is a proposal for a $190 million bridge project.

    These projects sound like steps in the right direction, but much of the work is going to Chinese government-owned firms.

    "When we subsidize jobs in China, we're not creating any wealth in the United States," said Scott Paul, executive director for the Alliance for American Manufacturing.

#11 The new World Trade Center tower is going to include glass that has been imported from China.

#12 The new Martin Luther King memorial on the National Mall was made in China.

#13 Check out this incredible photo which contrasts the decline of Detroit over the years with the amazing rise of Shanghai, China.

#14 A couple of years ago, a large Chinese company was considering building "a 10,000- to 30,000-acre technology zone for industry, retail centers and homes" just south of Boise, Idaho.

#15 Our trade deficit with China in 2011 was $295.5 billion.  That was the largest trade deficit that one country has had with another country in the history of the planet.

#16 In 2011, our trade deficit with China was 28 times larger than it was back in 1990 and more than 49,000 times larger than it was back in 1985.

#17 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Today, China's high-tech exports are more than twice the size of U.S. high-tech exports.

#18 America has lost more than a quarter of all of its high-tech manufacturing jobs over the past ten years.

#19 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

#20 The U.S. spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.  Does that sound like "fair trade" to you?

#21 While we allow Chinese goods to freely flood our shores, China just keeps slapping new tariffs on American-made goods.  According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

#22 According to U.S. Representative Betty Sutton, an average of 23 manufacturing facilities a day closed down in the United States during 2010.

#23 The United States has lost an average of approximately 50,000 manufacturing jobs a month and more than 56,000 manufacturing facilities in the United States have been shut down since China joined the World Trade Organization in 2001.

#24 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#25 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

#26 In 2010, China produced more than twice as many automobiles as the United States did.

#27 In 2010, China produced 627 million metric tons of steel.  The United States only produced 80 million metric tons of steel.

#28 In 2010, China produced 7.3 million metric tons of cotton.  The United States only produced 3.4 million metric tons of cotton.

#29 Today, China produces nearly twice as much beer as the United States does.

#30 85 percent of all artificial Christmas trees are made in China.

#31 China is now the number one producer of wind and solar power on the entire globe.

#32 Chinese solar panel production was about 50 times larger in 2010 than it was in 2005.

#33 Right now, China is producing more than three times as much coal as the United States does.

#34 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.

#35 According to author Clyde Prestowitz, China's number one export to the U.S. is computer equipment.  According to an article in U.S. News & World Report, during 2010 the number one U.S. export to China was "scrap and trash".

#36 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades.

#37 The United States had been the leading consumer of energy on the globe for about 100 years, but during the summer of 2010 China took over the number one spot.

#38 15 years ago, China was 14th in the world in published scientific research articles.  But now, China is expected to pass the United States and become number one very shortly.

#39 China now awards more doctoral degrees in engineering each year than the United States does.

#40 China now possesses the fastest supercomputer on the entire planet.

#41 China now has the world's fastest train and the world's most extensive high-speed rail network.

#42 The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade.

#43 The Chinese economy is projected to be larger than the U.S. economy by 2016.

#44 One economist is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.

#45 China now holds approximately 1.17 trillion dollars of U.S. government debt.  If you were alive back when Jesus was born and you had spent a million dollars every single day since then, you still would not have spent that much money by now.

In compiling the statistics above, I relied heavily on two articles that I previously authored.  You can find them here and here.

Please share this list with as many people as you can.  It is imperative that the American people get educated about why our economy is falling apart and about why there are so few jobs.

Thanks to the foolishness of our politicians, today American workers have to compete directly for jobs with workers on the other side of the globe where it is legal to pay slave labor wages.

Do you want your standard of living to continue to descend toward the level of a communist worker making about a dollar an hour?

Do you want tens of millions of American workers to be unemployed indefinitely as millions of good jobs continue to leave this country?

If not, you better stand up and say something while you still can.

The greatest economy the world has ever seen is falling to pieces right in front of our eyes and most Americans are dead asleep.

Is there any hope for us?

http://endoftheamericandream.com/archives/45-signs-that-china-is-colonizing-america
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Kilika
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« Reply #31 on: May 25, 2012, 04:08:00 am »

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In Alaska, there is a proposal for a $190 million bridge project.

A bridge to nowhere!  Roll Eyes

Quote
The Chinese economy is projected to be larger than the U.S. economy by 2016

Some of those facts are a result simply of having over a billion people, versus about 300 million in the US.
« Last Edit: May 25, 2012, 04:10:32 am by Kilika » Report Spam   Logged
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« Reply #32 on: May 25, 2012, 03:17:04 pm »

The borrower is the slave to the lender...

You sow to the flesh corruption, you reap to the flesh corruption...
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« Reply #33 on: May 25, 2012, 05:48:19 pm »

Hollywood looks to China for box office growth
8 April 2012, by Beh Lih Yi (AFP)
http://www.france24.com/en/20120408-hollywood-looks-china-box-office-growth
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« Reply #34 on: May 27, 2012, 01:35:16 pm »

China And Japan Dropping Dollar Cross Rate System, Will Transact Directly
26 May 2012, by tyler Durden (Zwero Hedge)
http://www.zerohedge.com/news/china-and-japan-dropping-dollar-cross-rate-system-will-transact-directly

While various three letter economic schools of thought continue sprouting left and right, in an attempt to validate endless spending predicated on one simple thing:

transitory reserve currency status, and we emphasize transitory, reality moves on, oblivious of what economic theoreticians believe it should be doing.

As Yomiuri Shimbun reported last night, China and Japan are set to launch direct currency trading, bypassing the dollar, and the associated benefits and risks, entirely.

"But how can that be?" dollar purists will scream. After all, when one bypasses the dollar, one commits blasphemy to a reserve currency. Somehow we think China gets that.

From the AFP: Yen-yuan direct trading to start in June http://www.france24.com/en/20120526-yen-yuan-direct-trading-start-june

"Japan and China are expected to start direct trading of their currencies as early as June as part of efforts to boost bilateral trade and investment, according to reports.

With the planned step, exchange rates between the yen and the yuan will be determined by their transactions, departing from the current "cross rate" system that involves the dollar in setting yen-yuan rates, Kyodo News said on Saturday."


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« Reply #35 on: May 27, 2012, 07:23:49 pm »

http://news.yahoo.com/china-poor-key-climate-talks-184929971--finance.html

5/25/12

BONN, Germany (AP) — Another round of U.N. climate talks closed without resolving how to share the burden of curbing man-made global warming, mainly because countries don't agree on who is rich and who is poor.

China wants to maintain a decades-old division between developed and developing countries, bearing in mind that, historically, the West has released most of the heat-trapping gases that scientists say could cause catastrophic changes in climate.

But the U.S. and Europe insisted during the two-week talks that ended Friday in Bonn that the system doesn't reflect current economic realities and must change as work begins on a new global climate pact set to be completed in 2015.

"The notion that a simple binary system is going to be applicable going forward is no longer one that has much relevance to the way the world currently works," U.S. chief negotiator Jonathan Pershing said.

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« Reply #36 on: May 30, 2012, 01:55:48 pm »

5/28/12

In an international game of tit-for-tat, the Chinese government on Friday released a biting report regarding human rights in the United States, zeroing-in on crime statistics, gun ownership, and police action against rioters such as the Occupy Wall Street protesters.

The Chinese were responding to a recent U.S. government report on China's human rights practices by issuing their own report on human rights issues within the United States. 

"When I read the report I couldn't help but notice the fact that at least in the United States we keep records of people being arrested, or who have been killed or injured, or other items listed on the Chinese 'study.' However, try to find out what's happened to hundreds and thousands of Chinese dissenters and 'enemies of the state' -- where are those records, and if they exist,  how accurate are they?" asks political strategist and attorney Mike Baker.

The so-called "Human Rights Record of the United States in 2011" was released by the State Council Information Office of the People's Republic of China, in response to the "Country Reports on Human Rights Practices for 2011" issued by the U.S. State Department on May 24. While the U.S. mentions China in its report, and lists human rights violations in the PRC, there are other nations listed.
 
However, the Chinese only targeted the United States in their report, causing many officials to believe it's more political than humanitarian.
 
more:
http://www.examiner.com/article/chinese-release-report-slamming-u-s-crime-guns-and-police
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« Reply #37 on: May 30, 2012, 02:18:41 pm »

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it's more political than humanitarian.
 

Well, duh!  Roll Eyes
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« Reply #38 on: June 03, 2012, 10:33:20 pm »

http://abcnews.go.com/US/wireStory/asia-stock-fall-dismal-us-hiring-report-16487811

6/3/12

Asia Stock Fall on Dismal US Hiring Report

Asia stock markets took a beating Monday as signs that the U.S. economic recovery might be shifting into reverse sent investors fleeing.
 
A report on U.S. hiring and employment in May pushed stock indexes to their biggest declines of the year on Friday. The Dow Jones industrial average fell 275 points, its biggest one-day decline since November.
 
The dismal report came on the heels of earlier data that showed weak economic conditions in Europe and Asia, too. Unemployment in the 17 countries that use the euro currency stayed at a record-high 11 percent in April.
 
There were signs that growth in China, which helped sustain the global economy through the recession, is slowing significantly. China's manufacturing sector weakened in May, according to surveys released Friday.
 
Japan's Nikkei 224 index dropped 2 percent to 8,269.14. Hong Kong's Hang Seng Index tumbled 2.3 percent to 18,126.45 and South Korea's Kospi shed 2.5 percent to 1,789.15.

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« Reply #39 on: June 05, 2012, 06:55:42 pm »

Cities hire Chinese instead of American workers for building projects.

02:55 | 09/23/2011

VIDEO: http://abcnews.go.com/WNT/video/us-bridges-roads-built-chinese-firms-14594513
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« Reply #40 on: June 13, 2012, 04:04:43 pm »

http://news.yahoo.com/blogs/ticket/study-shows-obama-slipping-global-esteem-china-now-171232998.html

Study shows Obama slipping in global esteem, China now seen as top economic power

6/13/12

It's not just how it's playing in Peoria: President Barack Obama's standing overseas has eroded sharply since he took office three and a half years ago, even as many of America's closest friends increasingly say that China is now the world's dominant economic power, according to a report out Wednesday.
 
Solid majorities in Britain, France, Germany and Spain say China—not the United States—is the globe's most potent economy. That perception has changed markedly in the past four years. In Britain, for example, the margin in 2012 is 58-28 percent in China's favor, compared with 44-29 percent for the United States in 2008.
 
Those are some of the stark findings of Pew Research Center's Global Attitudes Project, which also found that approval of Obama's handling of world affairs has plummeted 30 points in China, from 57 percent to just 27 percent.
 
That may not matter at the polls in November, but it could complicate Obama's efforts to hold together international coalitions on issues like Iran's nuclear program or forge a consensus to bring an end to bloody violence in Syria.
 
Obama campaigned in 2008 on a promise to restore America's world standing after the George W. Bush era, which saw widespread global opposition to the war in Iraq and anger at war-on-terrorism policies, such as use of secret prisons and the Guantanamo Bay facility to hold suspected terrorists.
 
The Pew study suggests that Obama can claim "Mission Accomplished" on that front: Only a handful of countries hold a less sunny opinion of the United States now than in 2008. In Pakistan, for example, 12 percent of respondents expressed positive views of America, down from 19 percent four years ago. At the same time, 60 percent of Britons report warm feelings for America, up from 53 percent in 2008. Approval of America jumped from 53 percent to 74 percent in Japan, and even in China the number has ticked up from 41 percent to 43 percent.
 
And Obama's approval ratings in 14 countries surveyed remain better than Bush's in 2008—his worst showing on that score is in Pakistan, where he ties his predecessor's score with just 7 percent saying they have at least some confidence in his foreign policy leadership.
 
But Obama has seen an overall steady erosion of his own numbers. Take Japan, where approval of his foreign policy fell from 77 to 58 percent from 2009 to 2012. In Russia, it sagged from 40 to 22 percent. And many express disappointment with what they had hoped would be a new American commitment to multilateralism. In 2009, 69 percent of Germans predicted that he would consider their country's interests in making foreign policy. In 2012, just 45 percent say he has done so.
 
People outside the United States are similarly disillusioned with Obama on issues like the Middle East peace process and efforts to combat climate change. Seventy-nine percent of Britons predicted in 2009 that Obama would be fair with Israelis and Palestinians. Just 47 percent now say he has been. In France, 81 percent of respondents predicted in 2009 that the president would take steps to address global warming. Just 27 percent now say he has done so.
 
The Pew study also highlights global opposition to the drone strikes that Obama has boasted are a major weapon against suspected terrorists. While 62 percent of Americans (including 58 percent of Democrats) approve of such operations, they are broadly unpopular almost everywhere else. Britons are divided, with 44 percent in favor and 47 percent against, while Indians split 32 to 21 percent against. But 90 percent of Greeks, 89 percent of Egyptians, 85 percent of Jordanians, 81 percent of Turks, 76 percent of Spaniards, 76 percent of Brazilians and 75 percent of Japanese disapprove. Results for Pakistan, where the government has loudly denounced drone strikes inside its territory, were not available but are expected in a subsequent survey.
 
That suggests an uphill fight for the president to fulfill his re-election campaign promise to "remind the world just why it is the United States of America is the greatest nation on Earth."
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« Reply #41 on: June 14, 2012, 11:08:11 am »

http://www.wnd.com/2012/06/china-the-unreportable-scandal/

China: The unreportable scandal

Exclusive: Joseph Farah spotlights shocking U.S. vulnerabilities media are ignoring
Published: 16 hours ago

It’s amazing how many important stories most of the media won’t report – no matter what.
 
Here’s another one to add to the list.

Totalitarian China, which has become America’s banker, is setting the stage to sabotage our national defense in a number of ways. In fact, it would not be inaccurate to say that China has all but declared war on the U.S. through acts of aggression that are being covered up by Washington and the media elite.
 
Here are the facts WND has established:
 •China is preparing for cyber warfare against the United States.The U.S. government has been aware of this for two years, but is making no preparations to deal with the imminent threat. The media refuse tell the American people what’s happening.
 •China has been manufacturing counterfeit components that have made their way into sensitive U.S. weapons systems. The problem of fake Chinese electronic components, which were installed by defense contractors without prior testing and are operating in U.S. military systems, is far more widespread than originally thought. The counterfeit components have been found in U.S. missile systems meant to thwart the potential of a Chinese attack, in night-vision devices and in various military aircraft.
 
In fact, there’s much more coming on this scandal. And, quite candidly, I need your help in spreading this information far and wide – through your email contacts, through social networking and by communicating with your own elected representatives in Washington.
 
And when I refer to this “scandal,” I’m not just referring to the acts of war by China. I’m referring to complicity, silence and cover-up actively under way by the U.S. government and the American press establishment.
 
Why is China a sacred cow?
 
What else can China do to the U.S. without consequences?
 
Will we let China get away with murder?
 
How about the subversion of our most critical defense systems?
 
Most members of Congress are oblivious to these acts of aggression by China, even though the facts are there for them to see for themselves if they care to look.
 
To their credit, some U.S. government officials who have read WND’s recent reports on these matters have inquired about sourcing – particularly revelations about an electronic backdoor that could access and disable America’s government and commercial telecommunications systems.
 
Yet, as WND’s staff writer Michael Maloof, a former Defense Department official, reveals, the information has been known to the U.S. government and was further disclosed as recently as last March in a report prepared by the U.S. defense aerospace company Northrop Grumman Corp. for the congressional U.S.-China Economic and Security Review Commission. The report is titled “Occupying the Information High Ground: Chinese Capabilities for Computer Network Operations and Cyber Espionage.”
 
The report warned that the Chinese military, through its large Chinese telecommunications firms, has created an avenue for state-sponsored and state-directed penetrations of supply chains for electronics supporting U.S. military, government and civilian industry.
 
Here’s the shocker from that report: “Successful penetration of a supply chain such as that for the telecommunications industry has the potential to cause the catastrophic failure of systems and networks supporting critical infrastructure for national security or public safety.”
 
Let me note that “catastrophic failure of systems and networks supporting critical infrastructure for national security or public safety” is a very big deal. It’s bigger than 99.9 percent of the issues Washington deals with on a daily basis. It’s extremely newsworthy, too. So ask yourself: Why you are not hearing about this and reading about this, and why it is not a campaign issue in this presidential election year?
 
Here’s more from the report: “Potential effects include providing an adversary with capabilities to gain covert access and monitoring of sensitive systems, to degrade a system’s mission effectiveness, or to insert false information or instructions that could cause premature failure or complete remote control or destruction of the targeted system.”
 
Many of the findings of the commission came from Chinese source materials including authoritative People’s Liberation Army publications, the Chinese government ministries responsible for science and technology policy and Chinese defense industries, to name a few.
 
The report also deals with China’s priority modernization of its command, control, communications, computers, intelligence, surveillance and reconnaissance, or C4ISR infrastructure, which has served as a catalyst for the development of an integrated information warfare capability that can defend military and civilian networks while seizing control of information systems of an adversary, such as the U.S., during a conflict.
 
“Chinese capabilities in computer network operations have advanced sufficiently to pose genuine risk to U.S. military operations in the event of a conflict,” the congressional report said.
 
Now you know the truth.
 
The only mystery is why this is not being discussed and reported like one of the biggest stories of 2012.
 
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« Reply #42 on: June 15, 2012, 06:53:01 pm »

Hhhhmmm...now THIS is interesting...

http://www.mcclatchydc.com/2012/05/18/149159/chinas-secret-it-owes-americans.html?storylink=MI_emailed#storylink=cpy

5/18/12

Commentary: China's secret? It owes Americans nearly $1 trillion

Read more here: http://www.mcclatchydc.com/2012/05/18/149159/chinas-secret-it-owes-americans.html?storylink=MI_emailed#storylink=cpy#storylink=cpy

China has a secret: It owes American investors hundreds of billions of dollars.

The Chinese government doesn't like to talk about it and the U.S. government doesn't want to raise it. But decades ago, Beijing defaulted on debt owed to Americans, as well as investors and governments around the world. In one case, it was paid. In the rest it was not. More than 20,000 American investors own this debt. The U.S. government may also own Chinese war debt, unpaid since World War II.

 With the simple stroke of an executive proclamation, President Barack Obama can begin the process of addressing this issue. A 1930s-era law has established a quasi-public agency within the Securities and Exchange Commission, known as the Corporation of Foreign Securities Holders, which can arbitrate this dispute, much as a predecessor agency did for decades. China can both afford and benefit from this solution; it will afford goodwill at a time when relations between the world's two superpowers are strained.

The story begins nearly 100 years ago, in 1913, when the government of China began issuing bonds to foreign investors and governments for infrastructure work to modernize the country. As the country fell into civil war in 1927, paying these debts became increasingly difficult and the government fell into default. Even so, in April 1938, the Nationalist government of China began to issue U.S.-dollar denominated bonds to finance the war against Japan's brutal invasion.

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« Reply #43 on: June 21, 2012, 08:07:03 am »

Will Toledo, Ohio Be The First Major American City To Be Owned By China?

It has been said that there are two ways to conquer and enslave a nation.  One way is by using the sword, and the other is by using debt.  Fortunately, America is not in danger of being conquered by the sword right now, but America is being conquered by debt.  The borrower is the servant of the lender, and today we owe China more than a trillion dollars.  By running a gigantic trade deficit with us, China has been able to become incredibly wealthy.  We have begged them to lend us back some of the money that we have sent them and this has made them even wealthier.  Now China is gobbling up U.S. real estate and U.S. assets at an astounding pace.  In fact, some cities are in danger of becoming completely dominated by Chinese ownership.  One of those cities is Toledo, Ohio.  In many "rust belt" areas, real estate can be had for a song, and the Chinese are taking full advantage of this.  America was once the wealthiest nation on earth, but now we are drowning in debt and we are being sold off in chunks to the highest bidder.  Is this the legacy that we are going to leave for future generations?

According to a recent Fortune article, Chinese investors have been very busy purchasing distressed commercial real estate in Toledo lately....

In March 2011, Chinese investors paid $2.15 million cash for a restaurant complex on the Maumee River in Toledo, Ohio. Soon they put down another $3.8 million on 69 acres of newly decontaminated land in the city's Marina District, promising to invest $200 million in a new residential-commercial development. That September, another Chinese firm spent $3 million for an aging hotel across a nearby bridge with a view of the minor league ballpark.
Toledo is being promoted to Chinese investors as a "5-star logistics region".  From Toledo it is very easy to get to Chicago, Detroit, Cleveland, Pittsburgh, Columbus and Indianapolis.

With a population of 287,000, Toledo is only the fourth largest city in Ohio, but it lies at the junction of two important highways -- I-75 and I-80/90. "My vision is to make Toledo a true international city," Toledo's Mayor Mike Bell told the Toledo Blade.
For some reason the Chinese seem to be very interested in that area of the country.  Last month, I wrote about how one Chinese group plans to develop a 200 acre "China city" just 40 minutes away from Toledo....

A Chinese group known as "Sino-Michigan Properties LLC" has bought up 200 acres of land near the town of Milan, Michigan.  Their plan is to construct a "China City" with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.  Essentially, it would be a little slice of communist China dropped right into the heartland of America.  This "China City" would be located about 40 minutes from both Detroit and Toledo, and it would be marketed to Chinese business people that want to start businesses in the United States.
But it is not just the rust belt that is being bought up by the Chinese.  A recent Forbes article documented several of the huge real estate deals that the Chinese are doing in New York right now....

According to a recent report in the New York Times, investors from China are “snapping up luxury apartments” and are planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies also have signed major leases at the Empire State Building and at 1 World Trade Center, the report said.
In addition to real estate, the Chinese are also buying up businesses and natural resources all over the United States.

For example, the Dalian Wanda Group recently bought U.S. movie theater chain AMC Entertainment for 2.6 billion dollars.

Also, the Obama administration has been allowing companies owned by the Chinese government to gobble up U.S. oil and gas deposits worth billions of dollars.

On top of all that, the Federal Reserve recently announced that it will now allow Chinese banks to start buying up American banks.

So how in the world did we come to be so completely and totally dominated by China?

Well, the key to all of this is the trade deficit.

Most Americans can't even tell you what a trade deficit is, but it is at the very heart of our economic problems.

Basically, we buy far, far more from other countries than they buy from us.

Most Americans don't realize this, but the truth is that the United States has a trade imbalance that is more than 5 times larger than any other nation on earth has.

Overall, the U.S. has run a trade deficit of more than 8 trillion dollars with the rest of the globe since 1975.

If you go into a Wal-Mart of a dollar store today and you start looking at product labels, you will notice that hundreds of products say "made in China" and very few of them say that they were made in this country.

Every single month, China sends us gigantic mountains of plastic crap to sell in our stores and we send them gigantic mountains of our money.

The U.S. trade deficit with China during 2011 was $295.4 billion.  That was the largest trade deficit that one country has had with another country in the history of the planet.

Sadly, so far our trade deficit with China in 2012 is about 12 percent larger than it was last year.

So things are getting even worse.

To get an idea of how far things have come, let us take a look back at the 1980s for a moment.

Back in 1985, the U.S. trade deficit with China was only 6 million dollars for the entire year.

All of this imbalanced trade is absolutely killing us.

Today, the United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

So why doesn't China buy more stuff from us?

Well, there are a whole lot of reasons.  One of the main reasons is that they slap huge tariffs on many American-made goods.

For example, according to the New York Times a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

So why do we allow China to keep doing this to us?

That is a very good question.

Meanwhile, China is continually getting wealthier and we are continually getting poorer.

All of the money that is leaving this country and going to China could be going to U.S. businesses and U.S. workers instead.  In turn, those businesses and workers would pay taxes on that money to support the government.

Instead, we have to go beg China to lend us the money that we just sent to them.

At this point, China now holds approximately 1.17 trillion dollars of U.S. government debt.

None of this ever had to happen.

But it did happen because we were stupid.

Now China has mountains of money to literally buy us up.

But China is not the only country that we have an imbalanced trading relationship with.

For example, the new "free trade agreement" between the United States and South Korea that Barack Obama has been touting went into full effect on March 15, 2012.

So how has that "free trade agreement" turned out so far?  The following is from a recent article by Pat Buchanan....

The U.S. trade deficit with Korea tripled in one month. Imports from South Korea jumped 15 percent to $5.5 billion in April, while U.S. exports to South Korea fell 12 percent to $3.7 billion. Suddenly, the U.S. trade deficit with Seoul surged to an annual rate of $22 billion.

Shades of NAFTA. When it passed in 1993, we had a $1.6 billion trade surplus with Mexico. By 2010, our trade deficit with Mexico had reached $61.6 billion.
Ouch.

The truth is that these free trade agreements are not fair and balanced.

U.S. workers end up competing for jobs with workers in countries where it is legal to pay slave labor wages.  And other countries often have far fewer rules and regulations to follow as well.  In his recent article, Buchanan described why all Americans should be economic nationalists....

Global free trade means U.S. workers compete with Asian and Latin American workers whose wages are a fraction of our own and whose benefits may be nonexistent. Global free trade means U.S factories that relocate to Indonesia or India need not observe U.S. laws on health, safety, pollution or paying a minimum wage.

Global free trade means that companies that move factories outside the United States can send their products back to the United States free of charge and undercut businessmen who retain their American workers and live within American laws.

Free trade makes suckers and fools out of patriots.
Unfortunately, both major political parties in the United States are absolutely married to the one world economic agenda that the elite are pushing.

So we will continue to bleed wealth, businesses and jobs at an astounding pace.

You can get a really good idea of the horrific manufacturing job losses in the United States over the past 40 years by checking out this map right here.

Overall, the United States has lost a total of more than 56,000 manufacturing facilities since 2001.

According to the Economic Policy Institute, since 2001 America has lost approximately 2.8 million jobs due to our trade deficit with China alone.

There seems to be absolutely no concern with protecting American jobs these days.

If you can believe it, Chinese corporations are even building our bridges.  The following is a brief excerpt from a recent ABC News article....

In New York there is a $400 million renovation project on the Alexander Hamilton Bridge.

In California, there is a $7.2 billion project to rebuild the Bay Bridge connecting San Francisco and Oakland.

In Alaska, there is a proposal for a $190 million bridge project.

These projects sound like steps in the right direction, but much of the work is going to Chinese government-owned firms.

"When we subsidize jobs in China, we're not creating any wealth in the United States," said Scott Paul, executive director for the Alliance for American Manufacturing.
Americans need to start understanding that our trade deficit is causing us to lose massive numbers of businesses and jobs and that this is making us poorer as a nation.

As I wrote about the other day, the median net worth of families in the United States declined "from $126,400 in 2007 to $77,300 in 2010" according to the Federal Reserve.

Even if you take away the effect of the housing collapse, household net worth still declined by 25 percent between 2005 and 2010.

A lot of that decline in wealth was due to the recent recession, but the point I am trying to make is that we are getting poorer as a nation.

A decade ago, the United States was ranked number one in average wealth per adult.  By 2010, the United States had fallen to seventh.

And when you factor in our debts, we are a complete and total mess.  U.S. consumers are more than 11 trillion dollars in debt and the federal government is nearly 16 trillion dollars in debt.

We are getting deeper in debt at the same time that our ability to service that debt is declining.

The reality is that our economy is completely falling apart and it no longer produces enough jobs for everyone.

In fact, it isn't even close.

Right now there are about 3.7 workers that are "officially" unemployed for every single job opening.

So what we are doing right now is clearly not working.

We need to fundamentally change direction as a nation.

Unfortunately, that is not going to happen any time soon.

So where do we go from here?

http://theeconomiccollapseblog.com/archives/will-toledo-ohio-be-the-first-major-american-city-to-be-owned-by-china
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« Reply #44 on: June 21, 2012, 02:46:16 pm »

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On top of all that, the Federal Reserve recently announced that it will now allow Chinese banks to start buying up American banks.

That is the most telling sign that life is headed for a change in Amerika. As I suspected would happen, the creditor is calling in their paper. I would say the US is in fact in a defacto bankruptcy and it's time the creditors get paid.
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« Reply #45 on: June 21, 2012, 05:57:51 pm »

That is the most telling sign that life is headed for a change in Amerika. As I suspected would happen, the creditor is calling in their paper. I would say the US is in fact in a defacto bankruptcy and it's time the creditors get paid.

Like we've discussed in other threads, it's likely we won't have this global collapse of the world economy like it's being warned about recently - but nonetheless the signs are there that there's a gigantic Socialist takeover of this country, this being one of them.

The Socialist takeovers of the other world countries(in particular the EU) as well is setting the stage for the Antichrist to appear, and ultimately seal #3 to be unleashed...

Rev 6:5  And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
Rev 6:6  And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine
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« Reply #46 on: July 18, 2012, 05:57:15 am »

11 International Agreements That Are Nails In The Coffin Of The Petrodollar

Is the petrodollar dead?  Well, not yet, but the nails are being hammered into the coffin even as you read this.  For decades, most of the nations of the world have used the U.S. dollar to buy oil and to trade with each other.  In essence, the U.S. dollar has been acting as a true global currency.  Virtually every country on the face of the earth has needed big piles of U.S. dollars for international trade.  This has ensured a huge demand for U.S. dollars and U.S. government debt.  This demand for dollars has kept prices and interest rates low, and it has given the U.S. government an incredible amount of power and leverage around the globe.  Right now, U.S. dollars make up more than 60 percent of all foreign currency reserves in the world.  But times are changing.  Over the past couple of years there has been a whole bunch of international agreements that have made the U.S. dollar less important in international trade.  The mainstream media in the United States has been strangely quiet about all of these agreements, but the truth is that they are setting the stage for a fundamental shift in the way that trade is conducted around the globe.  When the petrodollar dies, it is going to have an absolutely devastating impact on the U.S. economy.  Sadly, most Americans are totally clueless regarding what is about to happen to the dollar.

One of the reasons the Federal Reserve has been able to get away with flooding the financial system with U.S. dollars is because the rest of the world has been soaking a lot of those dollars up.  The rest of the world has needed giant piles of dollars to trade with, but what is going to happen when they don't need dollars anymore?

Could we see a tsunami of inflation as demand for the dollar plummets like a rock?

The power of the U.S. dollar has been one of the few things holding up our economy.  Once that leg gets kicked out from under us we are going to be in a whole lot of trouble.

The following are 11 international agreements that are nails in the coffin of the petrodollar....

#1 China And Russia

China and Russia have decided to start using their own currencies when trading with each other.  The following is from a China Daily article about this important agreement....

China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.

Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.

"About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg.

The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.
#2 China And Brazil

Did you know that Brazil conducts more trade with China than with anyone else?

The largest economy in South America has just agreed to a huge currency swap deal with the largest economy in Asia.  The following is from a recent BBC article....

China and Brazil have agreed a currency swap deal in a bid to safeguard against any global financial crisis and strengthen their trade ties.

It will allow their respective central banks to exchange local currencies worth up to 60bn reais or 190bn yuan ($30bn; £19bn).

The amount can be used to shore up reserves in times of crisis or put towards boosting bilateral trade.
#3 China And Australia

Did you know that Australia conducts more trade with China than with anyone else?

Australia also recently agreed to a huge currency swap deal with China.  The following is from a recent Financial Express article....

The central banks of China and Australia signed a A$30 billion ($31.2 billion) currency-swap agreement to ensure the availability of capital between the trading partners, the Reserve Bank of Australia said.

“The main purposes of the swap agreement are to support trade and investment between Australia and China, particularly in local-currency terms, and to strengthen bilateral financial cooperation,” the RBA said in a statement on its website. “The agreement reflects the increasing opportunities available to settle trade between the two countries in Chinese renminbi and to make RMB-denominated investments.”

China has been expanding currency-swap accords as it promotes the international use of the yuan, and the accord with Australia follows similar deals with nations including South Korea, Turkey and Kazakhstan. China is Australia’s biggest trading partner and accounts for about a quarter of the nation’s merchandise sales abroad.
#4 China And Japan

The second and third largest economies on the entire planet have decided that they should start moving toward using their own currencies when trading with each other.  This agreement was incredibly important but it was almost totally ignored by the U.S. media.

According to Bloomberg, it is anticipated that this agreement will strengthen ties between these two Asian giants....

Japan and China will promote direct trading of the yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges, the Japanese government said.

Japan will also apply to buy Chinese bonds next year, allowing the investment of renminbi that leaves China during the transactions, the Japanese government said in a statement after a meeting between Prime Minister Yoshihiko Noda and Chinese Premier Wen Jiabao in Beijing yesterday. Encouraging direct yen- yuan settlement should reduce currency risks and trading costs, the Japanese and Chinese governments said.

China is Japan’s biggest trading partner with 26.5 trillion yen ($340 billion) in two-way transactions last year, from 9.2 trillion yen a decade earlier.
#5 India And Japan

It is not just China making these kinds of currency agreements.  According to Reuters, India and Japan have also agreed to a very large currency swap deal....

India and Japan have agreed to a $15 billion currency swap line, Japan's Prime Minister Yoshihiko Noda said on Wednesday, in a positive move for the troubled Indian rupee, Asia's worst-performing currency this year.
#6 "Junk For Oil": How India And China Are Buying Oil From Iran

Iran is still selling lots of oil.  They just aren't exchanging that oil for U.S. dollars as much these days.

So how is Iran selling their oil without using dollars?

A Bloomberg article recently detailed what countries such as China and India are exchanging for Iranian oil....

Iran and its leading oil buyers, China and India, are finding ways to skirt U.S. and European Union financial sanctions on the Islamic republic by agreeing to trade oil for local currencies and goods including wheat, soybean meal and consumer products.

India, the second-biggest importer of Iran’s oil, has set up a rupee account at a state-owned bank to settle as much as much as 45 percent of its bill, according to Indian officials. China, Iran’s largest oil customer, already settles some of its oil debts through barter, Mahmoud Bahmani, Iran’s central bank governor, said Feb. 28. Iran also has sought to trade oil for wheat from Pakistan and Russia, according to media reports from the two countries.
#7 Iran And Russia

According to Bloomberg, Iran and Russia have decided to discard the U.S. dollar and use their own currencies when trading with each other....

Iran and Russia replaced the U.S. dollar with their national currencies in bilateral trade, Iran’s state-run Fars news agency reported, citing Seyed Reza Sajjadi, the Iranian ambassador in Moscow.

The proposal to switch to the ruble and the rial was raised by Russian President Dmitry Medvedev at a meeting with his Iranian counterpart, Mahmoud Ahmadinejad, in Astana, Kazakhstan, of the Shanghai Cooperation Organization, the ambassador said.
#8 China And Chile

China and Chile recently signed a new agreement that will dramatically expand trade between the two nations and that is also likely to lead to significant currency swaps between the two countries....

The following is from a recent report that described this new agreement between China and Chile....

Wen called on the two nations to expand trade in goods, promote trade in services and mutual investment, and double bilateral trade in three years.

The Chinese leader also said the two countries should enhance cooperation in mining, expand farm product trade, and promote cooperation in farm product production and processing and agricultural technology.

China would like to be actively engaged in Chile's infrastructure construction and work with Chile to promote the development of transportation networks in Latin America, said Wen.

Meanwhile, Wen suggested that the two sides launch currency swaps and expand settlement in China's renminbi.
#9 China And The United Arab Emirates

According to CNN, China and the United Arab Emirates recently agreed to a very large currency swap deal....

In January, Chinese Premier Wen Jiabao visited the United Arab Emirates and signed a $5.5 billion currency swap deal to boost trade and investments between the two countries.
#10 China And Africa

Did you know that China is now Africa's biggest trading partner?

For many years the U.S. dollar was dominant in Africa, but now that is changing.  A report from Africa’s largest bank, Standard Bank, says the following....

“We expect at least $100 billion (about R768 billion) in Sino-African trade – more than the total bilateral trade between China and Africa in 2010 – to be settled in the renminbi by 2015.”
#11 Brazil, Russia, India, China And South Africa

The BRICS (Brazil, Russia, India, China and South Africa) continue to become a larger factor in the global economy.

A recent agreement between those nations sets the stage for them to increasingly use their own national currencies when trading with each other rather than the U.S. dollar.  The following is from a news source in India....

The five major emerging economies of BRICS -- Brazil, Russia, India, China and South Africa -- are set to inject greater economic momentum into their grouping by signing two pacts for promoting intra-BRICS trade at the fourth summit of their leaders here Thursday.

The two agreements that will enable credit facility in local currency for businesses of BRICS countries will be signed in the presence of the leaders of the five countries, Sudhir Vyas, secretary (economic relations) in the external affairs ministry, told reporters here.

The pacts are expected to scale up intra-BRICS trade which has been growing at the rate of 28 percent over the last few years, but at $230 billion, remains much below the potential of the five economic powerhouses.
So what does all of this mean?

It means that the days of the U.S. dollar being the de facto reserve currency of the world are numbered.

So why is this important?

In a previous article, I quoted an outstanding article by Marin Katusa that detailed many of the important benefits that the petrodollar system has had for the U.S. economy....

The "petrodollar" system was a brilliant political and economic move. It forced the world's oil money to flow through the US Federal Reserve, creating ever-growing international demand for both US dollars and US debt, while essentially letting the US pretty much own the world's oil for free, since oil's value is denominated in a currency that America controls and prints. The petrodollar system spread beyond oil: the majority of international trade is done in US dollars. That means that from Russia to China, Brazil to South Korea, every country aims to maximize the US-dollar surplus garnered from its export trade to buy oil.

The US has reaped many rewards. As oil usage increased in the 1980s, demand for the US dollar rose with it, lifting the US economy to new heights. But even without economic success at home the US dollar would have soared, because the petrodollar system created consistent international demand for US dollars, which in turn gained in value. A strong US dollar allowed Americans to buy imported goods at a massive discount – the petrodollar system essentially creating a subsidy for US consumers at the expense of the rest of the world. Here, finally, the US hit on a downside: The availability of cheap imports hit the US manufacturing industry hard, and the disappearance of manufacturing jobs remains one of the biggest challenges in resurrecting the US economy today.
So what happens when the petrodollar dies?

The following are some of the things we are likely to see....

-Oil will cost a lot more.

-Everything will cost a lot more.

-There will be a lot less foreign demand for U.S. government debt.

-Interest rates on U.S. government debt will rise.

-Interest rates on just about everything in the U.S. economy will rise.

And that is just for starters.

As I wrote about earlier today, the Federal Reserve is not going to save us.  Ben Bernanke is not somehow going to pull a rabbit out of a hat that will magically make everything okay.  Fundamental changes to the global financial system are happening right now that are impossible for Bernanke to stop.

We should have never gone into so much debt.  Up until now we have gotten away with it, but when demand for U.S. dollars and U.S. debt dries up we are going to experience a massive amount of pain.

Keep your eyes and ears open for more news stories like the ones referenced above.  The end of the petrodollar is going to be a very significant landmark on the road toward the total collapse of the U.S. economy.

So what do you think the fate of the U.S. dollar is going to be in the years ahead?

Please feel free to post a comment with your thoughts below....

http://theeconomiccollapseblog.com/archives/11-international-agreements-that-are-nails-in-the-coffin-of-the-petrodollar
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« Reply #47 on: July 28, 2012, 06:17:55 pm »

http://patriotupdate.com/26926/after-obama-blocks-pipeline-china-readies-15-1b-canadian-oil-deal

7/28/12
When President Barack Obama blocked the Keystone Pipeline, Republicans said the move would encourage Canada to pursue oil deals with China instead of the United States and cede a massive chunk of North American oil assets to the communist nation.
 
Now, with China’s state-run oil company CNOOC poised to cut a $15.1 billion deal–the largest ever foreign acquisition for a Chinese company–with Canadian oil company Nexen, Sen. Charles Schumer (D-NY) and Rep. Nancy Pelosi (D-CA) are in full backpedal mode.
 
In a draft letter to the Committee on Foreign Investment in the United States (CFIUS), Sen. Schumer writes:
 
I respectfully urge you, in your capacity as chairman of the Committee on Foreign Investment in the United States (CFIUS), to withhold approval of this transaction to ensure U.S. companies reciprocal treatment.
 
Similarly, Rep. Pelosi is now sounding alarms of concern. In a statement, Pelosi spokesperson Drew Hamill said:
 
This deal prompts great concern about the Chinese government’s continued attempts to use its state-owned enterprises to acquire global energy resources.
 
Saying “I told you so” offers little solace to concerned Republican lawmakers.

more at link above
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« Reply #48 on: August 16, 2012, 09:19:43 am »

http://finance.yahoo.com/news/chinese-companies-pull-us-stock-095649722.html

8/14/12

Chinese companies pull out of US stock markets

Chinese firms leave US stock markets amid complaints about price, accounting scrutiny


BEIJING (AP) -- Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges.

This week, Focus Media Holding Ltd., announced its chairman and private equity firms want to buy back its U.S.-traded shares and take the Shanghai-based advertising company private. The deal would value Focus Media at $3.5 billion, according to financial information firm Dealogic.

Smaller companies also are withdrawing from U.S. exchanges. In a sign of official encouragement, a Chinese business magazine said a state bank has provided $1 billion in loans to help companies with listings abroad move them to domestic exchanges.

The withdrawals follow accusations of improper accounting by some companies and a deadlock between Beijing and Washington over whether U.S. regulators can oversee their China-based auditors.

Some Chinese companies say they are pulling out of U.S. markets because a low share price fails to reflect the strength of their business. Withdrawing also eliminates the cost of complying with American financial reporting rules.
 
more
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« Reply #49 on: August 17, 2012, 01:31:22 am »

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China And Australia

Did you know that Australia conducts more trade with China than with anyone else?

Australia also recently agreed to a huge currency swap deal with China.  The following is from a recent Financial Express article....

The central banks of China and Australia signed a A$30 billion ($31.2 billion) currency-swap agreement to ensure the availability of capital between the trading partners, the Reserve Bank of Australia said.

“The main purposes of the swap agreement are to support trade and investment between Australia and China, particularly in local-currency terms, and to strengthen bilateral financial cooperation,” the RBA said in a statement on its website. “The agreement reflects the increasing opportunities available to settle trade between the two countries in Chinese renminbi and to make RMB-denominated investments.”

China has been expanding currency-swap accords as it promotes the international use of the yuan, and the accord with Australia follows similar deals with nations including South Korea, Turkey and Kazakhstan. China is Australia’s biggest trading partner and accounts for about a quarter of the nation’s merchandise sales abroad.

Australia has alot of metal resources and potential for China. The Chinese are buying up things here just like what is happening in the US. There is no walmart here but yes alot of shops have is made in China.
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« Reply #50 on: August 17, 2012, 03:59:50 am »

And don't you have a woman who is the world's wealthiest iron ore producer or something? I read she's working alot with the Chinese.
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« Reply #51 on: October 29, 2012, 12:15:08 pm »

http://online.wsj.com/article/SB10001424052970204005004578080913155880002.html

10/28/12

Lenovo's Uncertain Prize for Taking First Place in Global PCs

In the global personal-computer market, being No. 1 is good, but not good enough. That is what Lenovo 0992.HK +0.48%will discover when it claims the top spot in PC shipments this year.

Lenovo's surge up the rankings is impressive. The Chinese firm has gone from fourth place in global PC shipments in 2010 to second place in the third quarter of 2012, according to data from industry experts IDC. Gartner, another research firm, says Lenovo already has overtaken Hewlett-Packard HPQ -0.70%to claim the top spot.

Trouble is, sustaining the breakneck growth that catapulted Lenovo into first place looks tough. The company is in a sweet spot, geographically speaking, with exposure to fast-growing China, the rest of Asia, and Latin America.

But the view of Lenovo as an emerging-market play is exaggerated. Mature markets—where the PC market is shrinking—accounted for 42% of the company's sales in the 12 months ended March 2012.

Boosting thin operating-profit margins—just 2.3% in the second quarter—will also be a challenge. Lenovo has succeeded in sustaining operating margins in markets where it has a dominant position: They were 6.5% for its China PC business in the second quarter. But in much of the rest of the world, margins are vanishingly small. Making gains, when HP is promising to compete more aggressively, could be tough.

There are potential positive catalysts. David Daoud of IDC says that the launch of Windows 8 by Microsoft MSFT +1.18%represents an opportunity for PC makers to escape the "good enough" consumer mindset, whereby they are reluctant to pay a premium for superior products. If consumers are willing to open their wallets to pay for new features like touch screens, this could be an opportunity for Lenovo, which has launched four new devices designed with the Windows 8 system in mind.

The firm is also betting that smartphones will be a money spinner. Growth has been explosive, with Lenovo claiming 11% of the Chinese market in the second quarter, according to IDC, and moving into India and Indonesia. Competition from Samsung, HTC, and Huawei is tough. But Lenovo's chief executive, Yang Yuanqing, says he expects the China smartphone business to show a profit inside the next two to three quarters.

Lenovo is confident that rapid growth can be sustained. Mr. Yang says a shift to profitability in the PC business in emerging markets outside China—where Lenovo has been paring losses for the last few quarters—is imminent. But with the stock trading at 12.6 times forecast earnings for the next 12 months, compared with four times for HP and 5.2 times for Dell, investors are already paying a premium for Lenovo. With success priced in, there's little room for a slip.
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« Reply #52 on: November 21, 2012, 09:33:11 pm »

http://news.yahoo.com/cambodia-obama-hails-constructive-us-china-relationship-095845989--abc-news-politics.html

Obama Hails US-China Relationship
By Mary Bruce | ABC OTUS News – Tue, Nov 20, 2012

PHNOM PENH, Cambodia - President Obama today said the United States and China have taken a "cooperative and constructive approach" to their relationship, as he came face-to-face with the rising economic power that his administration is trying to counter-balance in the region.

Meeting with outgoing Premier Wen Jiabao on the sidelines of the East Asia Summit, Obama reiterated his commitment to working with China, despite the tenuous relationship between the two economic superpowers.

"It's important that our two countries cooperate to build a more secure and prosperous future for the Asia Pacific region and for the world," he said. "As the two largest economies in the world, we have a special responsibility to lead the way in ensuring sustained and balanced growth, not only here in Asia but globally."

In his first post-election meeting with a Chinese leader, Obama stressed that "we work to establish clear rules of the road internationally for trade and investment, which can increase prosperity and global growth."

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« Reply #53 on: November 22, 2012, 03:56:51 am »

Hmm, one of the first foreign meetings this clown holds after election? With Communists!  Roll Eyes

You figure it out. Looks to me like he's just there to get his specific marching orders from the new Chinese leaders.
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« Reply #54 on: December 12, 2012, 12:48:35 pm »

http://www.examiner.com/article/sell-china-water-from-great-lakes

Sell China water from Great Lakes?

10/12/12

On October 12, 2012, Forbes Magazine announced that Zong Qinghou has regained first place on 2012 Forbes list of the richest people in China. He is known as the "drinks king" and made his $10.8 billion fortune with China's largest beverage producer, Wahaha, which translates to "laughing children". The company had a 24 percent increase in sales in 2012 and serves 1.34 billion customers in China with bottled water and drinks. The main water source is Hangzhou's Qiandao Lake. Hangzhou's Xin'an River had a carbolic acid spill in July 2011, causing a run on bottled Wahaha water.

In 1998, a Canadian company called Nova Group received a permit from Ottawa to sell China Lake Superior water at the rate of 160 million gallons by tanker ship. After much political and public outcry, Ottawa officials canceled the permit in 1999. Concern for protecting the Great Lakes Basin resulted in the 2006 Great Lakes Compact which was signed by President Bush in October 2008.
 
A loophole in the 2006 Great Lakes Compact allows the water to be called a product and sold off outside the basin. The Great Lakes-St. Lawrence River Basin Water Resources Compact, after public interest organizations and politicians campaigned for it for ten years, was an effort to permanently safeguard the Great Lakes' twenty percent of the world's fresh water.
 
There have been some as yet unsuccessful attempts to close the "bottled water loophole" by people like Michigan Rep. Bart Stupak. He introduced H.RES.551 to amend the Compact and prohibit sales, diversion or exportation of Great Lakes water outside the basin. The Great Lakes Basin is a 290,000-square-mile area whose waters feed the lakes and includes parts of eight states--Illinois, Indiana, Michigan, Minnesota, New York, Ohio, Pennsylvania and Wisconsin. The Canadian provinces of Ontario and Quebec are also affected. The resolution remains in the House Judiciary Committee's Subcommittee on Commercial and Administrative Law.
 
Michigan House Bill-5319 was introduced by Rep. Dan Scripps to establish that both groundwater and the Great Lakes water are a “public trust". It was referred to the House Great Lakes and Environment Committee in September 2009.

In February 2011, a five-year study by the U.S. Geological Survey reported that the Great Lakes region could experience water shortages in some regions. The lakes contain six quadrillion gallons, enough to spread a foot-deep layer across North America, South America and Africa. But groundwater levels have plummeted about 1,000 feet in the cities of Chicago and Milwaukee.
On October 2, 2012, Waukesha, a suburb of Milwaukee which used to rely on springs for water, because its deep wells became contaminated with radium asked to be allowed to tap Lake Michigan water for the next 80 years under the Great Lakes compact. The city plans on piping treated wastewater back to the Great Lakes Basin instead of the Mississippi River to help maintain lake levels.
 
The Nestlé company has been a chief litigant in the struggle over water from the Great Lakes region in addition to water supplies in other states. The Michigan Citizens for Water Conservation
website section on Nestlé outlines the group's ten years of legal issues. There is also a section on all the Michigan bills submitted. A settlement was reached with Nestlé in 2009 when Nestlé/Ice Mountain’s water pumping permit was reduced.
 
On the Nestlé website, you can click on a world map to see Nestlé water brands sold in each country. In China there are three--Waterman from tap water, adding minerals in purified water; Da Shan YunNan Spring from an original source in the Yunnan Mountains, untouched and natural with healthy minerals; and Nestlé Pure Life. The Nestlé site says "Nestlé PURE LIFE has become in 2008 the largest bottled water brand sold in the world." The company is in 36 countries spanning 5 continents with 64 brands.
 
Other Nestlé products are Perrier, Vittel, Acqua Panna, Vera, Contrex, Aquarel, Poland Spring, S.Pellegrino, Vie Pure in Algeria and Nestle Pureza vital in some Latin American Countries. Nestlé, has been acquiring water companies since 1969 when it acquired its first 30 percent stake in the Société Générale des Eaux Minérales de Vittel, in France.
 
Only four percent of all house bills presented in 2009-2010 were enacted according to GovTrack.US. Even H.R. 425: Great Lakes Water Protection Act, to protect the Great Lakes from sewage dumping, sits in a committee. Our government representatives must refuse large corporations cheap water for large profits and protect water resources which are more valuable than gold or oil. If they do not, one day we may be begging for Wahaha from China.
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« Reply #55 on: January 23, 2013, 06:51:07 am »

Does China Plan To Establish “China Cities” And “Special Economic Zones” All Over America?

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 how in the world did we get to this point?  A few decades ago, the United States was the unchallenged economic powerhouse of the world and China was essentially a third world country.

So what happened?

Well, we entered into a whole bunch of extremely unfavorable "free trade" agreements, and countries such as China began to aggressively use "free trade" as an economic weapon against us.

Over the past decade, we have lost tens of thousands of businesses and millions of jobs to China.  When the final numbers for 2012 come out, our trade deficit with China for the year will be well over 300 billion dollars, and that will be the largest trade deficit that one country has had with another country in the history of the world.

Overall, the U.S. has run a trade deficit with China over the past decade that comes to more than 2.3 trillion dollars.  That 2.3 trillion dollars could have gone to U.S. businesses and U.S. workers, and in turn taxes would have been paid on all of that money.  But instead, all of that money went to China.

Rather than just sitting on all of that money, China has been lending much of it back to us - at interest.  We now owe China more than a trillion dollars, and our politicians are constantly pleading with China to lend more money to us so that we can finance our exploding debt.

Today, the U.S. government pays China approximately 100 million dollars a day in interest on the debt that we owe them.  Those that say that the U.S. debt "does not matter" are being incredibly foolish.

So thanks to our massive trade deficit and our exploding national debt, China is systematically getting wealthier and the United States is systematically getting poorer.

And now China is starting to use a lot of that wealth to aggressively expand their power and influence around the globe.

But isn't it more than a bit far-fetched to suggest that China may be planning to establish Chinese cities and special economic zones in America?

Not really.

Just look at what has already happened up in Canada.  It is well-known that the Chinese population of Vancouver, Canada has absolutely exploded in recent years.  In fact, the Vancouver suburb of Richmond is now approximately half Chinese.  The following is an excerpt from a BBC article...

Richmond is North America's most Asian city - 50% of residents here identify themselves as Chinese. But it's not just here that the Chinese community in British Columbia (BC) - some 407,000 strong - has left its mark. All across Vancouver, Chinese-Canadians have helped shape the local landscape.

A similar thing is happening in many communities along the west coast of the United States.  In fact, Chinese citizens purchased one out of every ten homes that were sold in the state of California in 2011.

But in other areas of the United States, the Chinese are approaching things much more systematically.

For example, as I have written about previously, a Chinese group identified as "Sino-Michigan Properties LLC" has purchased 200 acres of land near the town of Milan, Michigan.  Their stated goal is to build a "China City" that has artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.

In other instances, large chunks of real estate in major U.S. cities that are down on their luck are being snapped up by Chinese investors.  Just check out what a Fortune article from a while back says has been happening over in Toledo, Ohio...

In March 2011, Chinese investors paid $2.15 million cash for a restaurant complex on the Maumee River in Toledo, Ohio. Soon they put down another $3.8 million on 69 acres of newly decontaminated land in the city's Marina District, promising to invest $200 million in a new residential-commercial development. That September, another Chinese firm spent $3 million for an aging hotel across a nearby bridge with a view of the minor league ballpark.

Toledo is being promoted to Chinese investors as a "5-star logistics region".  From Toledo it is very easy to get to Chicago, Detroit, Cleveland, Pittsburgh, Columbus and Indianapolis...

With a population of 287,000, Toledo is only the fourth largest city in Ohio, but it lies at the junction of two important highways -- I-75 and I-80/90. "My vision is to make Toledo a true international city," Toledo's Mayor Mike Bell told the Toledo Blade.

But some of these deals appear to be about far more than just making "investments".  According to the Idaho Statesman, a Chinese company known as Sinomach (which is actually controlled by the Chinese government) was actually interested in developing a 50 square mile self-sustaining "technology zone" south of the Boise airport...

A Chinese national company is interested in developing a 10,000- to 30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport.
Officials of the China National Machinery Industry Corp. have broached the idea — based on a concept popular in China today — to city and state leaders.

The article suggested that this "technology zone" would be modeled after similar projects that already exist in China, and that Chinese officials were conducting similar negotiations with other U.S. states as well...

Sinomach is not looking only at Idaho.

The company sent delegations to Ohio, Michigan and Pennsylvania this year to talk about setting up research and development bases and industrial parks. It has an interest in electric transmission projects and alternative energy as well.

The technology zone proposal follows a model of science, technology and industrial parks in China — often fully contained cities with all services included.

Thankfully the deal in Idaho appears to be stalled for now, but could we soon see China establish special economic zones in other communities all around America?

The Chinese certainly do seem to be laying the groundwork for something.  They have been voraciously gobbling up important infrastructure all over the country.  The following comes from a recent American Free Press article...

In addition to already owning vital ports in Long Beach, Calif. and Boston, Mass., the China Ocean Shipping Company is eyeing major ports on the East Coast and Gulf of Mexico. China also owns access to ports at the entry and exit points of the Panama Canal.

And due to fiscal woes plaguing many American cities and states, U.S. legislators have been actively seeking out Chinese investors. In one of the worst cases, Baton Rouge, La., Mayor Kip Holden offered the Chinese government ownership and operating rights to a new toll way system if the Chinese would provide the funding to build it.

Does it make sense for the Chinese to own some of our most important ports?

Isn't there a national security risk?

Sadly, there isn't much of anything that our politicians won't sell these days as long as someone is willing to flash a lot of cash.

The Chinese have also been busy buying up important real estate on the east coast as a recent Forbes article explained….

According to a recent report in the New York Times, investors from China are “snapping up luxury apartments” and are planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies also have signed major leases at the Empire State Building and at 1 World Trade Center, the report said.

But it is not only just land and infrastructure that the Chinese have been buying up.

They have also been purchasing rights to vital oil and natural gas deposits all over the United States.

There have been two Chinese companies that have been primarily involved in this effort.

The first is the China National Offshore Oil Corporation (CNOOC).  According to Wikipedia, CNOOC is 100 percent owned by the Chinese government…

CNOOC Group is a state-owned oil company, fully owned by the Government of the People’s Republic of China, and the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) performs the rights and obligations of shareholder on behalf of the government.

The second is Sinopec Corporation.  Sinopec Group is the largest shareholder (approx. 75% ownership) in Sinopec Corporation.  And as the Sinopec website tells us, Sinopec Group is fully owned by the Chinese government…

Sinopec Group, the largest shareholder of Sinopec Corp., is a super-large petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. Funded by the State, it is a State authorized investment arm and State-owned controlling company.

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?

That is a very good question.

For a nation that purports to be pursuing "energy independence", we sure do have a funny way of going about things.

Unfortunately, the sad truth is that China is absolutely mopping the floor with the United States on the global economic stage.  China is rising and America is in an advanced state of decline.  Global economic power has shifted dramatically and most Americans still don't understand what has happened.

The following are 44 more signs of how dominant the economy of China has become...

1. A Chinese firm recently made a $2.6 billion offer to buy movie theater chain AMC.

2. A different Chinese firm made a $1.8 billion offer to buy aircraft maker Hawker Beechcraft.

3. In December it was announced that a Chinese group would be purchasing AIG's plane leasing unit for $4.23 billion.

4. It was recently announced that the Federal Reserve will now allow Chinese banks to buy up American banks.

5. A $190 million bridge project up in Alaska was awarded to a Chinese firm.

6. A $400 million contract to renovate the Alexander Hamilton bridge in New York was awarded to a Chinese firm.

7. A $7.2 billion contract to construct a new bridge between San Francisco and Oakland was awarded to a Chinese firm.

8. The uniforms for the U.S. Olympic team were made in China.

9. 85 percent of all artificial Christmas trees are made in China.

10. The new World Trade Center tower is going to include glass that has been imported from China.

11. The new Martin Luther King memorial on the National Mall was made in China.

12. In 2001, American consumers spent 102 billion dollars on products made in China.  In 2011, American consumers spent 399 billion dollars on products made in China.

13. The United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

14. According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

15. The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade.

16. The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

17. The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

18. Overall, the United States has lost a total of more than 56,000 manufacturing facilities since 2001.

19. According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

20. Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

21. In 2010, China produced more than twice as many automobiles as the United States did.

22. Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.

23. After being bailed out by U.S. taxpayers, General Motors is currently involved in 11 joint ventures with companies owned by the Chinese government.  The price for entering into many of these “joint ventures” was a transfer of “state of the art technology” from General Motors to the communist Chinese.

24. Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

25. The United States has lost more than a quarter of all of its high-tech manufacturing jobs over the past ten years.

26. China’s number one export to the U.S. is computer equipment.

27. The number one U.S. export to China is "scrap and trash".

28. The U.S. trade deficit with China is now more than 28 times larger than it was back in 1990.

29. Back in 1985, the U.S. trade deficit with China was just 6 million dollars for the entire year.  For the month of November 2012 alone, the U.S. trade deficit with China was 28.9 billion dollars.

30. China now consumes more energy than the United States does.

31. China is now the leading manufacturer of goods in the entire world.

32. China uses more cement than the rest of the world combined.

33. China is now the number one producer of wind and solar power on the entire globe.

34. Today, China produces nearly twice as much beer as the United States does.

35. Right now, China is producing more than three times as much coal as the United States does.

36. China now produces 11 times as much steel as the United States does.

37. China produces more than 90 percent of the global supply of rare earth elements.

38. China is now the number one supplier of components that are critical to the operation of U.S. defense systems.

39. A recent investigation by the U.S. Senate Committee on Armed Services found more than one million counterfeit Chinese parts in the Department of Defense supply chain.

40. 15 years ago, China was 14th in the world in published scientific research articles.  But now, China is expected to pass the United States and become number one very shortly.

41. China now awards more doctoral degrees in engineering each year than the United States does.

42. According to one study, the Chinese economy already has roughly the same amount of purchasing power as the U.S. economy does.

43. According to the IMF, China will pass the United States and will become the largest economy in the world in 2016.

44. Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.

Without the "globalization" of the world economy, none of this would have ever happened.  But instead of admitting our mistakes and fixing them, our politicians continue to press for even more "free trade" and even more integration with communist nations such as China.

In fact, according to Dr. Jerome Corsi, the U.S. government has already set up 257 "foreign trade zones" all over America.  These "foreign trade zones" are apparently given "special U.S. customs treatment" and are used to promote "free trade"…

Corsi noted that the U.S. government has created 257 foreign trade zones, or FTZs, throughout the United States, designed to extend special U.S. customs treatment to U.S. plants engaged in international-trade-related activities.

The FTZs tend to be located near airports, with easy access into the continental NAFTA and WTO multi-modal transportation systems being created to move free-trade goods cheaply, quickly and efficiently throughout the continent of North America.

“There is nothing in the U.S. government’s description of FTZs that would prevent a foreign government, like China, from operating a shell U.S. company that is in reality owned and financed by the Chinese government and operated through a Chinese government-owned corporation,” Corsi wrote.

Sadly, we are probably going to see a whole lot more of this in the years ahead.

According to Corsi, a professor of economics at Tsighua University in Beijing named Yu Qiao has suggested the following plan as a way to transform the debt that the United States owes China into something more "tangible"...

China would negotiate with the U.S. government to create a “crisis relief facility,” or CRF. The CRF “would be used alongside U.S. federal efforts to stabilize the banking system and to invest in capital-intensive infrastructure projects such as high-speed railroad from Boston to Washington, D.C.

China would pool a portion of its holdings of Treasury bonds under the CFR umbrella to convert sovereign debt into equity. Any CFR funds that were designated for investment in U.S. corporations would still be owned and managed by U.S. equity holders, with the Asians holding minority equity shares “that would, like preferred stock, be convertible.”

The U.S. government would act as a guarantor, “providing a sovereign guarantee scheme to assure the investment principal of the CRF against possible default of targeted companies or projects”.

The Federal Reserve would set up a special account to supply the liquidity the CRF would require to swap sovereign debt into industrial investment in the United States.

Apparently the Bank of China really likes this plan and would like to see something like this implemented.

In the years ahead, perhaps many of you will end up working in a "special economic zone" for a Chinese company on a project that is being financially guaranteed by the U.S. government.

If that sounds like a form of slavery to you, the truth is that you are probably not too far off the mark.

The borrower is the servant of the lender, and we should have never allowed ourselves to get into so much debt.

Now we will pay the price.

To get an idea of how much the world has changed in recent years, just check out this incredible photo which contrasts the decline of Detroit over the years with the amazing rise of Shanghai, China.

Things did not have to turn out this way.  Unfortunately, we made decades of incredibly foolish decisions and we wrecked the greatest economic machine that the world has ever seen.

Now the future for America looks really bleak.

Or could it be that I am being too pessimistic?  Please feel free to post a comment with your thoughts below...

http://theeconomiccollapseblog.com/archives/does-china-plan-to-establish-chinese-cities-and-special-economic-zones-all-over-america
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« Reply #56 on: January 23, 2013, 04:01:22 pm »

What will the globalists do when they use up China's cheap labor force? Eventually China will become like the US was, flush with cash and buying everything in sight because wages increased. The Communists have let that capitalistic cat out of the bag, so now wages will grow to the point business will look elsewhere for cheap labor. Africa is pretty much the last place on earth with a bunch of dirt poor people that could possibly fill manufacturing jobs on any large scale.

As for trade zones? It's no theory, it's a fact. It ties in with the border area they set up that extends 100 miles inland all around the US.

http://www.ftzcorp.com/ftz-services/activations-with-customs-border-protection.aspx

Constitution-Free Zones...

http://www.aclu.org/constitution-free-zone-map

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« Reply #57 on: February 11, 2013, 04:46:04 pm »

http://finance.yahoo.com/blogs/daily-ticker/china-america-1-cyber-threat-u-govt-report-150621517.html

2/11/13

China Is America’s #1 Cyber Threat: U.S. Govt. Report

A new report by the National Intelligence Estimate confirms that China is America's biggest cyber threat.
 
The report is classified, but people with knowledge of the findings spoke to The Washington Post on the condition of anonymity.
 
"The United States is the target of a massive, sustained cyber-espionage campaign that is threatening the country’s economic competitiveness," according to the article. "The report, which represents the consensus view of the U.S. intelligence community, describes a wide range of sectors that have been the focus of hacking over the past five years, including energy, finance, information technology, aerospace and automotive."
 
But other industries have been targeted as of late, including the media and the U.S. Federal Government.
 
In recent weeks, The Washington Post, The New York Times, The Wall Street Journal and Bloomberg disclosed cyber attacks traced back to China. Twitter was also hacked, but the origins of that attack remain unknown. But perhaps the most disturbing case of cyber-espionage involves the Federal Reserve and Department of Energy.
 
Related: Federal Reserve Gets Hacked!
 
These types of attacks threaten the economic competitiveness of America. While the intelligence report does not put a dollar figure on the financial impact of these cyber attacks, some experts believe it is upwards of $10 billion, according to WaPo.
 

For decades, China has been trying to speed up its technical prowess by both stealing technology and data from America and buying up U.S. companies. A recent Wall Street Journal article details how China has been trying to acquire American assets at a faster and faster clip.
 
While many of the bigger deals pursued by China have been rejected by the U.S. government due to security concerns, many of the smaller acquisitions have managed to be approved.
 
"Last year, Chinese buyers agreed to spend more than $10 billion in 46 deals to acquire U.S. companies or stakes in U.S. firms, according to Dealogic," the WSJ reports. "The volume was higher than the Chinese total from 2009 through 2011 combined."
 
The sale of battery maker A123 in January to China's largest automotive components manufacturer for roughly $250 million is the latest deal to get approved by the U.S. government. A123 makes batteries for commercial electric cars, but it also develops technology used by the military. The acquisition of a company with military ties was worrisome; thus the sale to the Chinese firm only involved A123's commercial division. But many experts assert that there is much overlap between the technologies used for commercial and military purposes.
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« Reply #58 on: February 14, 2013, 02:54:24 pm »

http://www.marketoracle.co.uk/Article38784.html
Wake-Up Call for America: China’s Currency Growing Worldwide

2/1/13

Sasha Cekerevac writes: While many people are aware that the Chinese economy is now the second-largest in the world, China’s currency, the yuan or renminbi, is also moving upward in the world rankings in terms of global transactions.
 
According to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the world’s global payment system, the yuan has moved up from 20th in the rankings in January 2012 to 14th position in December 2012. The Chinese yuan is now above the Danish kroner in terms of global payments. (Source: “RMB Tracker: January 2013,” Society for Worldwide Interbank Financial Telecommunication web site, January 24, 2013.)

That is a significant move and an indication that the Chinese economy is becoming more integrated worldwide.
 
Why does this matter to the average American?
 
For a long time, America’s economy has been the global leader and the U.S. dollar has been the global reserve currency. Every other nation was seen as secondary to America’s dominance. This is now starting to shift.
 
As the U.S. national debt level continues to grow, the strength of the Chinese economy is enabling considerable efforts to be made at developing globally interconnected markets that can survive and thrive without the U.S. dollar.
 
While the Chinese economy is certainly not perfect, it doesn’t have to be. With the rising level of U.S. national debt, the Chinese economy just needs to be relatively better than the U.S. economy, though not in absolute terms.
 
The point is that the rise of the Chinese economy over the past decade and the looser restrictions that the Chinese government is placing on the yuan mean that global businesses and investors have an alternate choice to the U.S. dollar.
 
With the U.S. national debt level rising to mountainous status, business leaders and investors will begin to raise serious questions about the viability of America’s currency.
 
No longer is America the only formidable player in town.
 
Many investors have begun piling into the Shanghai Composite Index recently, believing that the Chinese economy is about to rebound. Chinese government officials have continued loosening restrictions on foreigners investing in that nation, which continues to help internationalize the yuan.
 
Recently, there are reports that Taiwanese investors might be able to invest directly in Chinese stocks and bonds. The China Securities Regulatory Commission has continued to eliminate any hurdles for foreign investors. (Source: Lim, W., “Shanghai Composite Enters Bull Market on Economic Growth,” Bloomberg, January 29, 2013.)
 
The fewer the restrictions, the more international investors and businesses will continue to adopt the yuan; this will establish greater legitimacy and potential for the Chinese economy over the long run.
 
China’s actions and the growing popularity of the yuan should be a wake-up call for America’s politicians. The Chinese economy will continue to expand over the next decade, along with the growing use of the yuan for international business transactions.
 
The real issue regarding the rising U.S. national debt level is the politicians in Washington who continually believe that somehow the U.S. national debt will magically disappear so long as they keep spending money.
 
While I’ve heard talk about reducing government expenditures, I see little evidence of any real change or action.
 
As American politicians bicker and fight with each other, the U.S. national debt level continues to grow, the Chinese economy continues to expand, and the Chinese yuan continues to increase its global use.
 
Einstein once stated that insanity is doing the same thing over and over again while expecting a different result. Politicians talk a good game; but talk is cheap, and action counts.
 
The U.S. national debt continues to rise, and more businesses globally are using the yuan to conduct transactions. These are not ideas or theories, but hard facts.
 
Unless we decide as a nation to get our fiscal house in order, do not be surprised to see the Chinese yuan continue rising in status globally.
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« Reply #59 on: February 16, 2013, 09:40:28 pm »

http://news.yahoo.com/u-hopes-finalize-imf-vote-reforms-soon-u-171040639.html

2/16/13

U.S. hopes to finalize IMF vote reforms soon: U.S. official

MOSCOW (Reuters) - The Obama administration is hoping to move ahead shortly with legislation to finalize IMF voting reforms agreed in 2010, which will make China the third-largest voting member in the global financial institution, a senior U.S. official said on Saturday.
 
The official, speaking at the end of a Group of 20 meeting of finance ministers in Moscow, said the administration was actively discussing legislation with relevant members of Congress.
 
The 2010 package cannot be finalized until it gets the go-ahead from the United States, which has effective veto power over the historic deal that was meant to have been approved by all IMF member countries in October last year, but was stalled by the U.S. presidential election.
 
It is part of a broader plan by the IMF to give emerging market powers greater voting clout in the organization.
 
China, Brazil and other large emerging market economies have long contended that the IMF's voting set-up unfairly benefits Europe and the United States, which dominated the IMF since its founding after World War Two.
 
(Reporting By Lesley Wroughton, editing by Mike Peacock)
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