part 1...........From Strategic Culture
''Keenan claims that before WWII the U.S. the Federal Reserve System (12
Federal Reserve Banks, to be more exact) had received enormous amounts
of money – delivered in gold and other precious metals – from a group of
several wealthy Chinese citizens to be kept for a long time. In return
they got certificates testifying the money was placed for the benefit to
be redeemed by Federal Reserve System on the expiration of specified
term… The deal is murky concerning such details as the term of maturity
and the amount of the sum transferred.''
continue reading
part 2
part 3
Showing posts with label china. Show all posts
Showing posts with label china. Show all posts
Monday, December 17, 2012
Wednesday, December 12, 2012
''War for oil: China reaps the benefits of America's 10 year conflict in Iraq''
gotta blame the neo-cons for this........................From Examiner.com
By Kenneth Schortgen Jr
''When President Bush invaded Iraq in 2003 under the guise of terrorism and weapons of mass destruction, many Americans held the belief that our soldiers were going to war in the Middle East region for the primary purpose of protecting our oil interests, just as we have done for decades. While little of that oil has actually been provided to the U.S. through our democratizing of Iraq, the lives of thousands of American serviceman now appear to have died so that China could reap the benefits of the newly installed government.''
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By Kenneth Schortgen Jr
''When President Bush invaded Iraq in 2003 under the guise of terrorism and weapons of mass destruction, many Americans held the belief that our soldiers were going to war in the Middle East region for the primary purpose of protecting our oil interests, just as we have done for decades. While little of that oil has actually been provided to the U.S. through our democratizing of Iraq, the lives of thousands of American serviceman now appear to have died so that China could reap the benefits of the newly installed government.''
read more
Monday, December 10, 2012
''China grabs Mideast oil as U.S. power dips''
From UPI
''China is muscling into Iraq's oil sector as Baghdad grapples with defections by international majors like Exxon Mobil and Chevron of the United States and France's Total.
This is part of Beijing's drive to secure oil and natural gas resources in the Middle East and Africa as U.S. influences wanes.
China's clout in Iraq, along with other parts of the Middle East, including Saudi Arabia, is bound to increase as the Americans' diminishes.''
''China is muscling into Iraq's oil sector as Baghdad grapples with defections by international majors like Exxon Mobil and Chevron of the United States and France's Total.
This is part of Beijing's drive to secure oil and natural gas resources in the Middle East and Africa as U.S. influences wanes.
China's clout in Iraq, along with other parts of the Middle East, including Saudi Arabia, is bound to increase as the Americans' diminishes.''
Friday, December 7, 2012
''How to Prepare for the Coming Gold Crunch''
From OilPrice
By Marin Katusa
''A number of market analysts and gold-industry insiders are warning about a possible shortage of gold supply. Barrick CEO Jamie Sokalsky recently stated that since gold production is inelastic (i.e., insensitive to price changes) there will be a very limited increase in supply from gold producers, even during sharp increases in the gold price. Rick Rule, a billionaire and avid gold investor, pointed out that while we're seeing spectacular demand, a number of issues will make supply very tight in the future, especially among retailers.''
read more
By Marin Katusa
''A number of market analysts and gold-industry insiders are warning about a possible shortage of gold supply. Barrick CEO Jamie Sokalsky recently stated that since gold production is inelastic (i.e., insensitive to price changes) there will be a very limited increase in supply from gold producers, even during sharp increases in the gold price. Rick Rule, a billionaire and avid gold investor, pointed out that while we're seeing spectacular demand, a number of issues will make supply very tight in the future, especially among retailers.''
read more
Thursday, December 6, 2012
''China’s Oil Quest Comes to Iraq''
From The Diplomat
''A lot of attention has been paid in recent years to energy-hungry China’s billion-dollar bids on oil fields in Canada and the Asian giant’s reliance on oil from countries like Iran and Sudan to fuel its growing economy. But its growing interest in another major oil producer has gone largely unnoticed, and if current trends continue, that Middle Eastern country could become the world’s next “oil superpower,” with China, not the West, acting as both Iraq’s main partner and top beneficiary of its rich resources in what some now call the B&B trade axis (Beijing and Baghdad).''
read more
''A lot of attention has been paid in recent years to energy-hungry China’s billion-dollar bids on oil fields in Canada and the Asian giant’s reliance on oil from countries like Iran and Sudan to fuel its growing economy. But its growing interest in another major oil producer has gone largely unnoticed, and if current trends continue, that Middle Eastern country could become the world’s next “oil superpower,” with China, not the West, acting as both Iraq’s main partner and top beneficiary of its rich resources in what some now call the B&B trade axis (Beijing and Baghdad).''
read more
Wednesday, December 5, 2012
''China warns India against South China Sea oil exploration''
From The Hindu
''China has said that it “opposes any unilateral energy exploration” in the South China Sea, in response to Monday’s statement by Navy Chief Admiral D.K. Joshi saying that the Indian Navy was prepared to protect its interests and deploy its forces in the contested waters.''
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''China has said that it “opposes any unilateral energy exploration” in the South China Sea, in response to Monday’s statement by Navy Chief Admiral D.K. Joshi saying that the Indian Navy was prepared to protect its interests and deploy its forces in the contested waters.''
read more
Tuesday, December 4, 2012
India: ''We’ll send force to protect our interests in South China Sea, says Navy chief''
From The Hindu
''As National Security Adviser Shivshankar Menon is in Beijing for talks on the boundary question, Navy Chief Admiral D.K. Joshi has termed the situation in the South China Sea “complex,” as China is rapidly modernising its Navy, and said India will protect its economic interests in the disputed waters by sending forces, if need be. “Yes, you are right. The modernisation of the Chinese Navy is truly impressive. It is actually a major, major cause for concern…, which we continuously evaluate, and [we will] work out our options and strategies,” he said in reply to questions at the customary Navy Day press conference here on Monday.''
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''As National Security Adviser Shivshankar Menon is in Beijing for talks on the boundary question, Navy Chief Admiral D.K. Joshi has termed the situation in the South China Sea “complex,” as China is rapidly modernising its Navy, and said India will protect its economic interests in the disputed waters by sending forces, if need be. “Yes, you are right. The modernisation of the Chinese Navy is truly impressive. It is actually a major, major cause for concern…, which we continuously evaluate, and [we will] work out our options and strategies,” he said in reply to questions at the customary Navy Day press conference here on Monday.''
read more
''Copper Shortage Seen Extending as China Accelerates''
From Bloomberg
''Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal.
Demand will outpace supply by 316,000 metric tons in the first six months, more than all copper in London Metal Exchange warehouses, before a surplus emerges in the second half, Barclays Plc estimates. Production has lagged behind consumption since 2010, according to the International Copper Study Group. The metal may average $8,300 a ton in the second quarter, 5.1 percent more than now and the most in a year, according to the median of 21 analyst and trader estimates compiled by Bloomberg.''
read more
''Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal.
Demand will outpace supply by 316,000 metric tons in the first six months, more than all copper in London Metal Exchange warehouses, before a surplus emerges in the second half, Barclays Plc estimates. Production has lagged behind consumption since 2010, according to the International Copper Study Group. The metal may average $8,300 a ton in the second quarter, 5.1 percent more than now and the most in a year, according to the median of 21 analyst and trader estimates compiled by Bloomberg.''
read more
Monday, December 3, 2012
''China all set to launch inter bank Gold market trade''
From Bullion Street
''Three months behind schedule,China would finally launch interbank trading with gold contracts on Monday that will help more market forces to influence the countries commodities exchange.
The move will enable traders to swap bullion in larger amounts and heighten the appeal of the metal as an alternative investment class.
Shanghai Gold Exchange said trades will be cleared and delivered under the auspices of the China Foreign Exchange Trading System, a subsidiary of China’s central bank.''
read more
''Three months behind schedule,China would finally launch interbank trading with gold contracts on Monday that will help more market forces to influence the countries commodities exchange.
The move will enable traders to swap bullion in larger amounts and heighten the appeal of the metal as an alternative investment class.
Shanghai Gold Exchange said trades will be cleared and delivered under the auspices of the China Foreign Exchange Trading System, a subsidiary of China’s central bank.''
read more
Sunday, December 2, 2012
''China Silver Demand — One Step Closer to the Edge''
From SilverSeek
''The
Hong Kong based Chinese Gold and Silver Exchange Society or CGSE
announced recently that it will launch Yuan-based silver spot trading in
Hong Kong in the first part of next year. The exchange says growing
demand for silver has prompted the decision.
This
move shows that China is inching closer and closer to the silver market
and is quietly nibbling away at Western demand for silver.''
Saturday, December 1, 2012
''Powering up Asia's super-grid''
From Asia Times
By John A Mathews
''The integration of East Asia is a topic of perennial interest - whether it be monetary integration (much discussed in the wake of the 1997 financial crisis), trade integration (promoted via ever-expanding FTA areas) or even political integration. But what is not widely discussed (as yet) is actually the best hope for effective integration - and that is energy integration, via an Asian super grid linking the enhanced electric power systems of China, Japan, Korea, Mongolia and perhaps Russia.''
read more
By John A Mathews
''The integration of East Asia is a topic of perennial interest - whether it be monetary integration (much discussed in the wake of the 1997 financial crisis), trade integration (promoted via ever-expanding FTA areas) or even political integration. But what is not widely discussed (as yet) is actually the best hope for effective integration - and that is energy integration, via an Asian super grid linking the enhanced electric power systems of China, Japan, Korea, Mongolia and perhaps Russia.''
read more
Thursday, November 29, 2012
''How Do the Chinese View the Gold Market?''
From GoldSeek
By Jeff Clark
''Have you ever wondered what the typical Chinese gold investor thinks about our Western ideas of gold? We read month after month about demand hitting record after record in their country – how do they view our buying habits?
Since 2007, China's demand for gold has risen 27% per year. Its share of global demand doubled in the same time frame, from 10% to 21%. And this occurred while prices were rising.
Americans are buying precious metals, no doubt. You'll see in a news item below that gold and silver ETF holdings just hit record levels. The US Mint believes that 2012 volumes will surpass those of 2011.''
read more
By Jeff Clark
''Have you ever wondered what the typical Chinese gold investor thinks about our Western ideas of gold? We read month after month about demand hitting record after record in their country – how do they view our buying habits?
Since 2007, China's demand for gold has risen 27% per year. Its share of global demand doubled in the same time frame, from 10% to 21%. And this occurred while prices were rising.
Americans are buying precious metals, no doubt. You'll see in a news item below that gold and silver ETF holdings just hit record levels. The US Mint believes that 2012 volumes will surpass those of 2011.''
read more
''China jumps aboard a Russian Arctic-bound train''
From Barents Observer
''The Chinese company, a large-scale state-owned enterprise specializing in infrastructure investments, has signed a memorandum of understanding with the Republic of Komi with the ultimate goal of developing the Belkomur, the railway line connecting the northern Russian cities of Perm and Arkhangelsk.''
read more
''The Chinese company, a large-scale state-owned enterprise specializing in infrastructure investments, has signed a memorandum of understanding with the Republic of Komi with the ultimate goal of developing the Belkomur, the railway line connecting the northern Russian cities of Perm and Arkhangelsk.''
read more
Wednesday, November 28, 2012
''Gold Convertibility and Reserve Currencies''
From GoldSeek
By Vin Maru
''There is some speculation that China is increasing its gold holding to make the yuan a gold-backed currency in an effort to make it a world currency reserve. While it is an interesting concept, it will most likely never happen. In order to back a currency, their gold holdings must increase or decrease alongside the increase or decrease in the number of currency units in the system. A gold backed currency would entail having a fixed rate of convertibility for each ounce of gold to a specific number currency units issued by that country. There is probably no country in the world that will honour convertibility on a fixed basis, it would be financial suicide and is part of the reason why Nixon closed the gold window.''
read more
By Vin Maru
''There is some speculation that China is increasing its gold holding to make the yuan a gold-backed currency in an effort to make it a world currency reserve. While it is an interesting concept, it will most likely never happen. In order to back a currency, their gold holdings must increase or decrease alongside the increase or decrease in the number of currency units in the system. A gold backed currency would entail having a fixed rate of convertibility for each ounce of gold to a specific number currency units issued by that country. There is probably no country in the world that will honour convertibility on a fixed basis, it would be financial suicide and is part of the reason why Nixon closed the gold window.''
read more
''The European Union And The Emerging Asian Powers Of China And India''
From EurasiaReview
''The rise of China and the emergence of India have profound implications for the world’s economy and politics. Both consistently registered high growth rates before the global financial crisis and the Euro-zone sovereign debt crisis led to a contraction. China has already trebled its share of world GDP and India has doubled it.''
read more
''The rise of China and the emergence of India have profound implications for the world’s economy and politics. Both consistently registered high growth rates before the global financial crisis and the Euro-zone sovereign debt crisis led to a contraction. China has already trebled its share of world GDP and India has doubled it.''
read more
Tuesday, November 27, 2012
''Yuan hailed as the world reserve currency''
From SCMP
''Now two academics, Arvind Subramanian and Martin Kessler of the respected Peterson Institute for International Economics, have developed a formula, which claims that the yuan already has taken over from the US dollar as the most important reference currency over large areas of Asia.
They contend that "in East Asia, there is already a renminbi bloc, because the renminbi has become the dominant reference currency, eclipsing the dollar … seven currencies out of 10 co-move more closely with the renminbi than with the dollar.''
read more
''Now two academics, Arvind Subramanian and Martin Kessler of the respected Peterson Institute for International Economics, have developed a formula, which claims that the yuan already has taken over from the US dollar as the most important reference currency over large areas of Asia.
They contend that "in East Asia, there is already a renminbi bloc, because the renminbi has become the dominant reference currency, eclipsing the dollar … seven currencies out of 10 co-move more closely with the renminbi than with the dollar.''
read more
''China dismisses Brazil currency proposal at WTO, criticizes QE''
From Reuters
''China blamed quantitative easing for damaging emerging economies and rejected Brazil's proposal of using world trade rules to compensate for currency misalignments, during a debate at the WTO on Monday.
"We, together with many other countries, have been critics of this irresponsible and beggar-thy-neighbour policy," China's deputy permanent representative to the World Trade Organization, Zhu Hong, said, referring to the monetary stimulus policy often shortened to QE.''
read more
''China blamed quantitative easing for damaging emerging economies and rejected Brazil's proposal of using world trade rules to compensate for currency misalignments, during a debate at the WTO on Monday.
"We, together with many other countries, have been critics of this irresponsible and beggar-thy-neighbour policy," China's deputy permanent representative to the World Trade Organization, Zhu Hong, said, referring to the monetary stimulus policy often shortened to QE.''
read more
Monday, November 26, 2012
F. William Engdahl: ''No Wonder China is Nervous as Obama Pivots''
From VoltaireNet.org
''The looming confrontation will be even harsher that the previous ones. U.S. forces have been withdrawing from Europe and disengaging from the Middle East. They are currently clustering around China and developing a ballistic missile shield which - should it actually prove effective some day - would enable Washington to strike Beijing without fear of reprisal.''
read more
''The looming confrontation will be even harsher that the previous ones. U.S. forces have been withdrawing from Europe and disengaging from the Middle East. They are currently clustering around China and developing a ballistic missile shield which - should it actually prove effective some day - would enable Washington to strike Beijing without fear of reprisal.''
read more
''China transforming into gold bullion superpower on the sly''
From Mining.com
''As rumors fly that leading Western economies have exhausted their gold hoards, China has become the world's biggest gold producer while also discretely accumulating bullion reserves.''
read more
''As rumors fly that leading Western economies have exhausted their gold hoards, China has become the world's biggest gold producer while also discretely accumulating bullion reserves.''
read more
Sunday, November 25, 2012
''China imports North Koreans to beat rising wages''
From Times Of India
''China is tackling labour shortage and rising wages by importing thousands of North Korean workers from across the border. The Chinese immigration has permitted a second batch of 20,000 workers bringing the total number of North Koreans in China to 40,000 in recent months, according to media reports.
Most imported labour is women because the North Korean government is wary of political dissidents escaping the country if more men are allowed. Besides, China wants to avoid a rush of North Korean men after violent incidents resulting in the death of some Chinese citizens in past.''
read more
''China is tackling labour shortage and rising wages by importing thousands of North Korean workers from across the border. The Chinese immigration has permitted a second batch of 20,000 workers bringing the total number of North Koreans in China to 40,000 in recent months, according to media reports.
Most imported labour is women because the North Korean government is wary of political dissidents escaping the country if more men are allowed. Besides, China wants to avoid a rush of North Korean men after violent incidents resulting in the death of some Chinese citizens in past.''
read more
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