Tag Archives: asia

China’s central bank to inject $81b stimulus into top 5 banks

Chinese central bank

China‘s central bank is injecting 500 billion yuan ($81 billion) into the country’s five major state-owned banks as it moves to counter slower-than-expected growth in the world’s No. 2 economy, according to a senior Chinese banking executive. The move contributed to a rise in Asian markets early Wednesday, but falls short of a more sweeping effort, such as an interest-rate ... Read More »

Asia facing shortage of silver

Physical silver bars

In my last piece entitled “Exciting Times: A whole new price discovery paradigm is literally around the corner”, I had mentioned that we need to stop looking at the COMEX for a physical default, as they have all the paper tools and games to cover up any physical shortages – at least for the meantime. Instead of concentrating on the COMEX, ... Read More »

CEO’s office of JP Morgan Asia raided by Hong Kong’s Commission Against Corruption

JP Morgan Fang Fang Hong Kong

It just hasn’t been JPMorgan’s year. Or several years for that matter. The bank which has been on a steady downward slope when it comes to paying billions in quarterly “non-recurring, one-time” legal settlements and charges, and for which engaging in criminal behavior which is neither admitted nor denied, yet which has cost JPM nearly $30 billion in the past ... Read More »

The most heavily bombed country on Earth

Unexpoded bombs in Laos

Editor’s note: Unknown to most Laos is the most heavily bombed country on earth per capita. The effects of the Vietnam war still haunt the Lao people to this very day. Wars benefit no one but the people profiting from them. Every day, Manixia Thor and her team of 20 women wake up knowing the jobs they have to go ... Read More »

Dollar collapse: 7 of 10 Asian countries turn to yuan

USD Dollar Yuan money

A “renminbi bloc” has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China’s successful bid to internationalize its currency, a research report has said. The Peterson Institute for International Economics, or PIIE, said in its latest research that China has moved ... Read More »

The farmed seafood you’re eating may have been raised on animal feces

fish farm

More than 85 percent of the seafood consumed by Americans is imported, with much of it coming from China, Vietnam, and various other Asian countries that have a not-so-consistent track record of food safety. And as it turns out, conditions at many of the foreign facilities where imported seafood is processed before getting shipped to the states are so filthy ... Read More »

The Wars in the Middle East and North Africa are about oil

war for oil

The Iraq war was really about oil, according to Alan Greenspan, John McCain, George W. Bush, Sarah Palin, a high-level National Security Council officer and others. Dick Cheney made Iraqi’s oil fields a national security priority before 9/11. The Sunday Herald reported: Five months before September 11, the US advocated using force against Iraq … to secure control of its oil. The Afghanistan war was planned before 9/11 (see this and this).   ... Read More »

North Korea accuses US of attempting to spark war

North Korean leader Kim Jong-Un

A top North Korean diplomat lays the blame for unceasing tensions between the Koreas solely on the US. The Korean peninsula is the world’s biggest hotspot, he acknowledged, mentioning thermonuclear conflict as a possibility. Speaking at the final session of the UN 193-member General Assembly, North Korean Deputy Foreign Minister Pak Kil-yon announced that, “Due to the continued US hostile policy ... Read More »

Currency wars: China threatens bond attack on Japan

China

A senior advisor to the Chinese government has called for an attack on the Japanese bond market to precipitate a funding crisis and bring the country to its knees, unless Tokyo reverses its decision to nationalise the disputed Senkaku/Diaoyu islands in the East China Sea. Jin Baisong from the Chinese Academy of International Trade – a branch of the commerce ... Read More »

Top Chinese general: Prepare for war with Japan

Senkaku Diaoyu Islands

China’s most powerful military leader, in an unusual public statement, last week ordered military forces to prepare for combat, as Chinese warships deployed to waters near disputed islands and anti-Japan protests throughout the country turned violent. Protests against the Japanese government’s purchase of three privately held islands in the Senkakus chain led to mass street protests, the burning of Japanese flags, and ... Read More »