Tag Archives: china

China: America has lost face and is sick

China vs USA

Only hours ago the US government announced that a Chinese fighter jet had intercepted an American military patrol plane over international waters east of China’s Hainan Island. A Pentagon spokesman called China’s actions “unsafe and unprofessional”, and blasted such unprovoked aggression. There was no mention as to why a US surveillance plane was just off the Chinese coast to begin ... Read More »

China declares Australia a military threat over US war pact

John Kerry Australia war pact

China’s state-run media have declared Australia a threat to its national security, after Australia finalized a 25-year military pact with the United States. The United States currently has 1,200 troops from the Marine Corps and Air Force training with Australian troops for humanitarian and disaster relief. The defense agreement will increase the number of U.S. troops at Darwin in northern ... Read More »

Russia and China planning to dump the US dollar

Chinese Yuan

The Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments. “The draft document between the Central Bank of Russia and the People’s Bank of China on national currency swaps has been agreed by the parties,” and ... Read More »

China plans to create its own World Bank

China World Bank Yuan

China is moving forward with a plan to create its own version of the World Bank, which will rival institutions that are under the sway of the US and the West. The bank will start with $100 billion in capital. The Asian Infrastructure Investment Bank (AIIB) will extend China’s financial reach and compete not only with the World Bank, but ... Read More »

Central banks secretly invest $29 trillion to keep global markets from crashing

rising chart

Another conspiracy “theory” becomes conspiracy “fact” as The FT reports “a cluster of central banking investors has become major players on world equity markets.” The report, to be published this week by the Official Monetary and Financial Institutions Forum (OMFIF), confirms $29.1tn in market investments, held by 400 public sector institutions in 162 countries, which “could potentially contribute to overheated asset prices.” China’s State Administration ... Read More »

CIA and FBI agents ‘advising’ Ukraine government

Ukraine flag

Now that the situation in Ukraine has officially been upgraded to “war”, what really happens on the ground will remain largely wrapped by the fog of war on either side, with just one thing assured: a war it may be but more than anything it is a proxy war – one in which both western and Russian interests are manifest in ... Read More »

BRICS to create alternative to IMF and World Bank

BRICS leaders

The BRICS countries (Brazil, Russia, India, China and South Africa) have made significant progress in setting up structures that would serve as an alternative to the IMF and the World Bank (which are dominated by the U.S. and the EU), according to RBTH. As WSJ reports, the U.S. would lose its veto power on the International Monetary Fund’s executive board under a plan being ... Read More »

HSBC is broke; restricts large cash withdrawals

HSBC sign

Following research last week suggesting that HSBC has a major capital shortfall, the fact that several farmer’s co-ops were unable to pay back depositors in China, and, of course, the liquidity crisis in China itself, news from the BBC that HSBC is imposing restrictions on large cash withdrawals raising a number of red flags. The BBC reports that some HSBC ... Read More »