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The Rajon Blog » Blog Archive » The joys of financial security what next!

The joys of financial security what next!

Even though the current financial crisis has been averted by large inputs of public cash by governments around the globe starngely certain places are still quiet.

Lured into a false sense of security the war against terror can take many forms and so we wait to see what transpires. Not one for getting excited by early prospects even though some in certain governments are desperate to save their own cash monies in various places one can only wonder what their next reactions will be when those who plot behind closed doors wait and observe their prey in waiting ready to pounce when the time is right. After all if you wanted to create financial market chaos in world markets what better way than to slash your stock that you have secretly invested in over numerous years and then watch the markets nosedive what for the rescue as has happened then buy back in at bigger amounts at amazing prices then pull the rug big time.

Sound scary? Well it should as so far the unravelling of this scenario by certain silent organizations and groups is actually taking place so what to watch out for next time.

Best to watch how high this climbs back up and remember it is public monies invested by governments using certain percentages of GDP income in their own countries proping this all up so if companies fall and markets drop…..

Early warning signs would see specific movements in specific market areas, and guess which ones. Those in the know should know which.. watch those early signs…

Well you paint the picture.

69 Responses to “The joys of financial security what next!”

  1. moryah4 Says:

    If it is situation where say China are pulling this of for reasons as intimated and there are other forces at play as well or integrated into this as well (i.e. Illuminatii-controlled chaos of state of the world’s population) it is quite concievable that some of the puppeteers could be existing within the US federal government too.

    Evidence of this from earlier in the year:

    ARE THE FEDS MANIPULATING THE STOCK MARKET ?

    March 25th 2008.

    This message came from an investor who has provided me with some very useful research from time to time:
    Mike Belkin, who writes a weekly technically-based look at lots of markets—the only technical service to which I subscribe—notes today that last week equity fund flows netted to a $22.9 billion inflow, broken down as $3.3 billion of mutual fund outflow, and $26.2 billion of ETF inflow. His inference is that the Fed/Treasury is buying ETFs. Just so you know, Mike is an ultimate insider, although he views things with a very jaundiced eye, and views them from Seattle. He ran a Salomon prop desk for years, and is the opposite of a conspiracy theorist or a perma-anything—he’s very good at noting crosscurrents and catching shorter term countertrend moves within broad longer term trends.
    The reason I consider this credible is that I was told back in 2000 by my derivative trading buddies that the Fed, known as the Turk, would place orders in S&P futures. Note that the Fed has no responsibility for the health of the stock market despite what its actions would lead you to believe.

    ‘Anonymous Reply’ said…

    The real question is:Does the Federal Reserve or the US Treasury have the legal authority to purchase equities or futures contracts on equities?
    Can anyone answer this question?
    I strongly suspect that the big five investment banks have an unwritten informal agreement to collectively buy stocks (or futures) at times when the market is about to move down more than 300 points on the Dow in one day.
    The interventions to reverse the market direction seem to always take place in the first 1/2 hour (when the market starts the day falling hard), or in the last 2 hours (after the market has been steadily declining all day).
    Don’t you find it almost impossible to believe that since the very beginning of this “credit crisis” in July 2007, that there has never been even a single day when the Dow declined by more than 400 points? That is a decline of only 3%–which is really nothing considering the incredibly large number of negative news items that have hit the markets since all this began last year. Single day declines always seem to be limited to 200 points or so.
    How is it that when the markets first learned of Bear Stearns near collapse that the Dow was down only 200 points that day?
    How is it that the Dow rallied 400 points when the Fed cut by 3/4 point instead of the expected full 1% at their last meeting? The Fed futures had fully priced in a 1% cut. This was clearly below expectation and yet the market rallied hard. Gold got slammed, yet stocks rally on the less-than-expected cut. How so?
    Now today after consumer confidence came in far below expectations, the market is unchanged. Naturally, I would assume that if it came a little over expectations, the Dow would have added on a nice 200 points. The market response is clearly asymmetrical and smells of market rigging.
    The Sprott report lays out all the evidence to support this conclusion. George Stephanopoulos (advisor to President Clinton) once admitted right on national TV that the PPT exists.
    Yet it seems that nobody ever followed up to verify what he said. If there is a conspiracy, it seems to me there is a conspiracy of silence in the media on this issue. Nobody wants to ask this question of the government, because it is “socially embarrassing”. It is pure herd mentality as no one wants to take the risk of being painted as a “conspiracy theorist”.

    http://www.nakedcapitalism.com/2008/03/are-feds-manipulating-stock-market.html

  2. moryah4 Says:

    Looking back a bit further..

    March 8, 2007

    PAULSON’S ‘PLUNGE TEAM’ MANIPULATING STOCK MARKET

    The original purpose of the Plunge Protection Team was to prevent another 1987-type “Black Monday” stock market crash. This seems like a reasonable way to address the prospect of a major economic collapse following a terrorist attack or a natural disaster. However, the systemic weakness in the market and the great uncertainty surrounding hedge funds and derivatives suggests that the PPL is probably being used to stabilize an over-leveraged and thoroughly-debauched market system: Mike Whitney
    When the Fed made the decision several months ago to not publish the rate of money it was feeding into the system ( E3 report ) ~ I smelled a rat for now the Fed could manipulate the market without any public oversight. In that regard, The Working Group on Financial Markets, also known as the Plunge Protection Team, was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown of October 1987.

    http://www.opednews.com/articles/opedne_allen_l__070308_paulson_s__plunge_te.htm

  3. moryah4 Says:

    UNSPOKEN CAUSE OF MARKET COLLAPSE IS DERIVATIVE TRADING

    It is time to break the deadly silence on derivatives ~ the true, hyper inflationary factor in the current crisis situation is the unregulated, insanely leveraged derivatives trade. This is what is bringing down the stock market . This is the great crime of Alan Greenspan and there are many co-conspirators: Allen L Roland
    Despite of what George W Bush and Secretary Paulson say ~ our largely unregulated financial system is NOT fundamentally sound and the Dow will tumble much lower when the closet on derivatives is finally opened, for we are looking at $ 531 trillion dollars of unregulated debt ~ with much of it at risk. As I wrote on September 16th ~ First of all, you must realize that the Bush stock market is a giant crap shoot and much of it is unregulated ~ especially the unseen market of Derivatives. As I predicted last year, the sub prime mortgage market collapsed, which is now being followed by a giant credit crisis but the final nail in the coffin of the American financial system will be the collapse of the Derivative market ~ the mother of all unregulated debt structures. http://blogs.salon.com/0002255/2008/09/16.html

    Lyndon LaRouche described the derivatives market as a “hyperinflationary bomb, crushing the international financial system,” warning that “Until you just shut down the whole derivatives trade ~ wipe these gambling obligations off the books of the financial system ~ you are just kidding yourself.”

    “Unless and until you deal with this derivatives bubble, which cannot be bailed out, you are just kidding yourself,” he continued. “It is time for Hank Paulson to swallow the only real medicine: bankruptcy reorganization of the entire, dollar-based financial system. And the first step in any such bankruptcy reorganization would be the cancellation of these quadrillions of dollars in pure gambling obligations. Without such action, this planet is doomed to a horrible dark age, just like the dark age of the fourteenth century, that followed the collapse of the Lombard banking system

    http://blogs.salon.com/0002255/

  4. moryah4 Says:

    The strategic intention of China to silently gain control of the US via its financial system has worked. China owns us, our debt. That is leverage. Our politicians (Clintons, are big ones), were selling the US out to the communists taking bribes, lobbying money for pro China bills, by China’s proxy agents embedded in our society, our country has become pimped out. Pimped by those we gave control over OUR purse strings. I hope this countries economic system crashes (IT WILL), I hope it all goes down. May be then we will all wake up to the realization that we all have veered so far from the framers intentions of the constitution and now have become subject to a socialist state where our own government owns the financial markets and we, our children, and their children will be forever enslaved in debt owed to China.

    I know Bill and Hill are not the only ones to blame. They did have more media attention by schmoozing with China, and signed in the biggest declassification of our secrets. The Clinton administration had reset long-standing policies relating to technology transfers. By March of 1994, the administration had abolished the COCOM system that had safeguarded technology transfers from Western countries to East Bloc or communist nations; Clinton gave control of the Panama Canal to China; On March 23, 1998, The Washington Times revealed a secret Clinton Administration proposal to sell advanced missile technology to China; Under Clinton, 47 supercomputers have been sold to China, most for use by the Red Army; in early 1997, with news that a Justice Department investigation had uncovered evidence that agents of China sought to direct contributions to the Democratic National Committee (DNC) in violation of U.S. laws regarding foreign political contributions. While the Chinese government denied all accusations, twenty-two people were eventually convicted for fraud or for funneling Asian funds into the United States elections, specifically the Clinton Campaign. This goes on and on…

    The US congress, in August 2008, was considering imposing sanctions on China to force a yuan revaluation, alleging China was manipulating its currency. Two officials at leading Communist Party bodies have given interviews in warning that Beijing may use its $1.33 trillion of foreign reserves (US Debt)as a political weapon to counter pressure from the US Congress. Described as China’s “nuclear option” in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels.

    It would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession. It is estimated that China holds over $900 billion in a mix of US bonds. $900. billion is pretty close to the $700.00 billion “bail out” in the news. I wonder if this “nuclear option” has indeed been exercised by China.

    Even Hillary during her campaign stated that foreign control over 44% (now about 50%) of the US national debt had left America acutely vulnerable.

    Henry Paulson, the US Treasury Secretary, said any such sanctions by congress would undermine American authority and “could trigger a global cycle of protectionist legislation”. Yes, because we would have to insulate our now globalized corporations and financial markets which are buried deep in debt to China.

    Mr Paulson is a “China expert” from his days as head of Goldman Sachs. Goldman Sachs has a very large stake in China, with offices and major investments in China. We all know Goldman Sachs is on the bail out list. Even billionaire Warren Buffet dumped 5 billion into Goldman Sachs. Buffet does not invest in something unless he knows he will make money.

    While the US sells out its banks and corporations to China, China protects its homeland interests. Foreign firms are restricted to owning 33 percent of an investment-banking venture and 20 percent of a brokerage. China closed the window on future partnerships by barring any more overseas firms from buying domestic brokerages.

    http://www.politicalforum.com/current-events/51926-reasons-market-crash-bailout.html

  5. moryah4 Says:

    Global systemic crisis / September 2008 - Phase of collapse of US real economy

    According to LEAP/E2020, the end of the third quarter of 2008 will be marked by a new tipping point in the unfolding of the global systemic crisis. At that time indeed, the cumulated impact of the various sequences of the crisis (see table below) will reach its maximum strength and affect decisively the very heart of the systems concerned, on the frontline of which the United States, epicentre of the current crisis. In the United States, this new tipping point will translate into a collapse of the real economy, final socio-economic stage of the serial bursting of the housing and financial bubbles (1) and of the pursuance of the US dollar fall. The collapse of US real economy means the virtual freeze of the American economic machinery: private and public bankruptcies in large numbers, companies and public services closing down massively (2),…

    …the US Treasury department, with the complicity of Chinese authorities, manipulated the dollar-index during summer 2008 to avoid the nationalisation of Fanny Mae and Freddy Mac
    A manipulation has indeed been orchestrated by the US Treasury department, by means of the Exchange Stabilization Fund (ESF), characterised by the sale of 6-billion worth of Euros during the third week of June 2008…

    http://www.leap2020.eu/GEAB-N-22-is-available!-Global-systemic-crisis-September-2008-Phase-of-collapse-of-US-real-economy_a1298.html

  6. moryah4 Says:

    “David Blanchflower, a highly respected British government economist, and a lone voice in a dry desert, today corrects his earlier prediction of 2 million unemployed in the UK by Christmas: he now says the number will be much higher. Look for similar developments on a global level: welcome to the real economy, and the real people.

    The US Treasury and Fed are considering lending to companies directly, and no doubt EU governments will follow the lead. But none of this has any chance of success. Companies need customers. And the customers are broke. Even if banks could somehow be forced to lend to customers, these would either refuse to borrow even more, or get even deeper in debt.

    In the US, more parties are showing up at the trough every day. The carmakers want to be part of the Paulson plan, the FDIC will soon need massive infusions now it covers all new bank debt, and the separate states, California first, need billions to douse the flames of going broke, while the precipitous drop in tax revenues hasn’t even started in earnest.

    They will all try to do what Iceland and Ireland announced: raise tax levels. I said as early as two years ago that this would happen, and added that raising taxes on people who are getting poorer and losing their jobs, is a very bad idea, especially if they know where you live. There will be a lot of pink slips for government workers under the Christmas trees this year.
    Also in the real world, trade itself is increasingly in danger. “The Baltic Dry shipping index, a proxy for world trade flows, suffered its second biggest-ever fall yesterday, to 11%, which took it down under the $2,000 mark and it fell another 8% today to $1,809. The drop means it has fallen more than 80% since July’s peak of around $12,000 and is now at a three-year low.” Translation: there will be a lot less goods on the shelves in your neighborhood stores, and a lot less raw materials to process in your factories.
    The last weapons left are central bank rate cuts, and of course, more trillions in rescues. At this pace, we’ll see them this week. Somebody may yet be rescued, but it won’t be you. You’ll be the one paying for it.”
    “Ilargi: With the Dow Jones safely tucked in back down below 9000, and European exchanges losing 7% on average, the positive overall global effect of an unprecedented transfer of public funds to the private sector, to the tune of some $4.5 trillion, has lasted about a day and a half.
    The $4.5 trillion could have been used to the benefit of the people it rightfully belongs to, the same people who will soon desperately need every singly penny of it. Instead, it has been given away, and is now no longer available to help in what is cynically called “the real economy”. ”

    http://theautomaticearth.blogspot.com/search?updated-min=2008-01-01T00%3A00%3A00-05%3A00&updated-max=2009-01-01T00%3A00%3A00-05%3A00&max-results=50

  7. moryah4 Says:

    TWO WEEKS CREATED 44 MILLION NEW POOR

    October 14, 2008

    MORE than 44 million people in Southeast Asia have in just two weeks been consigned to poverty by the “triple hit” of the global financial crisis, rocketing fuel costs and rising food prices.
    As the impact of the contagion began making itself felt in Asia, the real human toll was expected to run into “hundreds of millions”, the UN World Food Program warned yesterday.
    From Afghanistan to East Timor, hunger and malnutrition was on the rise again, the WFP’s Asian spokesman, Paul Risley told The Australian.
    Adding to the tide of humanitarian woes, cyclone-ravaged Burma was facing a rat plague that threatened its food stocks, Mr Risley said.
    The global financial meltdown has particularly hit low-income groups ranging from small-scale suppliers of car parts to the armies of regional construction workers, with job losses at all levels of the regional economies.
    “Forty-four million people in Asia are in immediate risk — that is, have already dropped into poverty just as a result of the last two weeks’ financial worries as Asian stock markets lose their value,” Mr Risley said.
    “That all correlates into dropped income levels.
    “The effect of the Chinese slowdown immediately affects the Southeast Asian countries that are suppliers to the Chinese economic machine.
    “It is not only Australia which has an export connection.”
    Chinese authorities announced yesterday that growth was likely to slow to 9 per cent next year, down one percentage point from this year, but said growth would be driven by domestic consumption, with exports having a negligible effect.
    The WFP spent $US3 billion last year to feed about 90million of the world’s most desperately hungry people. That cost has doubled, Mr Risley said.
    This week, the world’s largest restaurant company, Yum Foods, owner of KFC and Pizza Hut, would be kicking off the first WFP appeal for private-sector help in offsetting the effects of the latest food crisis, Mr Risley said.
    To help put the food crisis in perspective, Mr Risley said the $US700 billion ($1 trillion) US bank bailout fund would feed all of the world’s poor for the next 100 years.

    http://www.theaustralian.news.com.au/story/0,25197,24492429-5013871,00.html

  8. moryah4 Says:

    WORLD WAR THREE-A WAR OF THE MINDS

    Twenty two years ago in a classroom in the Brisbane Zarlen did a Nostradamus and each week using Dr Jon Sherwood as his mouthpiece came through in front of a live class ,each week, for the entire year, with thousands of predictions (all together) concerning the occurance of local and world-wide events .All of these which I diligently recorded in a notebook and then waited until these event started to occur thick and fast .
    Like Nostradamus and Edgar Cayce but even more precise he would describe a dozen or so major enviromental disasters (like storms,floods and earthquakes),political events,major aircraft and shipping disasters,wars,etc that would appear within 3 month,six months,1 year and in longer term future periods.
    Scouring through the media each day or tipped of by my fellow class-mates I discovered these events were occuring within the specific time spans within the specific regions predicted.
    The amazing accuracy of these prohecies, 98-99 per cent accuracy,was alarming became somewhat alarming to me,because there was rarely more than 30 people in a class and they revealed a dimensional picture when put together providing a message for mankind.
    If Zarlen could see the future and the future was not promising for mankind in general then ,I felt,people needed to know what they could do to change the time-line and overt the dangers they faced.
    When Zarlen started projecting deep into the future it showed the world environment and economies would get worse and worse unless humanity changed its focus I wondered what the hell to do.
    Zarlen came through one day in 1988 and said,”These predictions were meant to be viewed by many people not the small groups that are here now,but this is a measure of how off-track humanity has become.
    75% of your population will end up wiping themselves out in the not too distant future in the coming time of transition on your planet and it has got to the point where now it is too late to concentrate on saving others you now need to concentrate on saving yourselves .”
    In 1986 in one of these channeling session Zarlen first made mention of the third World War,which would occur from then (1986 until 2012)
    “The Third World War will be a war of the minds .”He said
    Mankind will end up destroying himself and he will not realize he is doing it.”
    You see as you create billions of cells in your body (as we speak) it is your attitude that imprints the health of your cells.The immunity value of each one is determined by the types of thoughts you are generating at any given time .All physical disorders and diseases are initially created by a misalignment of the thought process within yourselves.So you will find many people contracting diseases and manifesting disorders through negative thinking and they will not even be aware that they are doing it.
    anything that destabilizes the positive values within the human form works well in the negative forces favour because it is much easier to suck energy off and control people if they stressed and negative in their outlook.
    So what it is your last line of defense against this attack ?
    Answer: Becoming aware of your thoughts.
    Whenyou find yourself thinking negative you need to change these thoughts to positive ones.This self-maintainance must be built ip gradually and maintained vigilantly until you are analysing yourself constantly watching every thought you generate.
    Self development ,things like meditation are good for this ,teaching you to gain control of your thoughts and it is best to learn this type of thing in a group,where individuals are able to assist their class-mates.
    I stress self-awareness is your last line of defence of what is to come.
    And be warned it si best to focus on your FUTURE not your PAST.Emotional disturbance is maintained by focussing on your PAST.You cannot chnage your PAST but YOU CAN CHANGE (IMPROVE) YOUR FUTURE ,by becoming aware of your thoughts and that they create (manifest) what you decide to focus on.
    Your mind is a thought factory churning out your future.Your attitude is the quality control section on that assembly line.
    One more thing when you focus on your future,to create your goals,etc face west.In the ancient teaching Kai Li process each direction has a meaning and west is your future postion in your world.
    Why west you ask ?
    Which direction does you sun which nurtures all life in your world move in ?
    Remember if you are to survive what is to come-become awre of your thoughts,which in turn control every element of your life.
    In a nutshell…
    THE ENVIRONMENT REPRESENTS THE STATE OF YOUR OWN MIND

    (Present Economic Status of your World Environment) as of the past few days…

    Telegraph.co.uk

    Liam Halligan

    11 Oct 2008

    We’ve just endured the worst five-day run in the history of global stock markets. Share prices have gone completely haywire. On Friday, the FTSE100 lost 10 per cent in the first seven minutes of trading – as £80bn of shareholder value was wiped-out at a rate of £200m per second.

    http://www.telegraph.co.uk/finance/comment/liamhalligan/3180021/Banks-must-reveal-full-exposure-to-sub-prime.html

    $7 TRILLION WIPED OUT BY MAD PANIC.

    More than $ 7 trillion was wiped from the values of global shares last week as stock markets suffered their sharpest weekly declines
    The US market fell by 18 per cent by close on Friday-its worst weekly performance since 1914.The US national debt in 1989 was $2.7 trillion Now the total is $10.3 trillion
    In London the FTS 100 fell by 9 per cent on Friday and 21 per cent over the week-the steepest dive since the 28 per cent fall of 1987.The Treasury claims our national debt is around £550bn. That number – how can I put this delicately? – is total nonsense. The UK’s true national debt – even before last week’s multibillion pound package – exceeds £1,300bn (some £50,000 per household). Every penny will have to be re-paid from future taxation. That’s before we spend any more…
    (Meanwhile) a rash of panic selling sent the ASX 200 down by 8.2 per cent on Friday,its second worst one-day fall.The Japanese sharemarket began its biggest fall since 1987
    Iceland’s share market fell a (staggering )77 per cent .They have called in the IMF and it is believed they will now be forced to seek a rescue package form Russia which will mean forfeiting their independence in the region as this loan will come with obviously come with ‘terms’ which will nudge the larger country into greaterdominance in the region.
    Meanwhile Russia share market has lost about two thirds since May more than the US and Western Europe taking its toll largely on the oligarchs.
    Russia’s invasion of Georgia, the perception of the Kremlin meddling in large companies ,as well as Russia not diversifying its economy from oil and gas are believed are all believed to be contributing factors towards the slide.
    Though credit default swaps on the sovereign debt of some Western nations have shot up the markets don’t yet think the likes of Italy and Spain will go bust, but the chances are growing they could.

  9. moryah4 Says:

    Millions of people in the US are already feeling the harsh winds of economic hardship.Some 2.3 million homes have been foreclosed on so far this year and at least 605,000 peole have lost their jobs.Nearly 47 million people are without health isurance while those lucky enough to be insured have watched their premiums rise an average of $US1400 ($A1760) since 2000.Petrol and groceries cost more and cord heating bills are expected this winter.

    Courier-Mail report, 2-10-08

  10. moryah4 Says:

    Booming nation, and yet millions still go hungry

    Matt Wade in New Delhi
    October 16, 2008

    INDIA has a booming economy and growing political clout but 200 million of its people still go to bed hungry each night.
    More than a third of India’s states have alarming levels of hunger according to the Global Hunger Index, released by the International Food Policy Research Institute and the aid agencies Welthungerhilfe and Concern Worldwide.
    India ranked 66 out of 88 countries in the index. China, a country to which India is sometimes compared, was 15th.
    “Despite years of robust economic growth, India scored worse than nearly 25 sub-Saharan African countries and all of South Asia, except Bangladesh,” the report says. Almost a fifth of the population was estimated to be “food insecure”.
    India has been one of the world’s fastest growing economies for several years but the findings of the Hunger Index suggests growth has had little or no impact in vast areas of rural north India.
    Even some of India’s wealthiest and most industrialised regions, such as the western state of Gujarat, registered a relatively poor hunger ranking. “Economic growth is not necessarily associated with poverty reduction,” the report said.

    http://www.smh.com.au/news/world/booming-nation-and-yet-millions-still-go-hungry/2008/10/15/1223750129914.html

  11. moryah4 Says:

    “The U.S., India, and China”

    On July 18, 2005, the United States and India issue a joint statement, which celebrated the new Strategic Partnership between the two. Three days later, the Chinese government revalued upward the yuan in relation to the U.S. dollar, something which the U.S. Secretary of the Treasury, John Snow, had been requesting for some time, and which he praised effusively. Both represent significant shifts in the world geopolitical structure. The two are more closely linked than the world press has noticed, and neither is quite what it seems.
    Both events were hailed in the United States as diplomatic victories for the U.S. Were they? And what makes these events special? India and China together represent half of the world’s population. Yet for the entire second half of the twentieth century, when the United States was the dominant power in the world-system, the U.S. never had really good relations with either power. Has this changed?
    The China story is in many ways more well-known in the United States, and of greater concern to the U.S. Congress, the U.S. media, and the general public. When the Chinese Communists entered Shanghai in 1949, and then proclaimed the People’s Republic of China, the U.S. government regarded this as a great danger to U.S. national interests. Not only was their political ally, Chiang Kai-shek, forced to retreat to Taiwan, but the new Chinese leaders were seen as the forward batallions of world Communism. In 1950, China signed a military alliance with the Soviet Union. When the Korean War started later that year, the United States soon found itself fighting the Chinese on the battlefields, and not too successfully, it should be added.
    During the 1950s, China and the United States were unremittingly hostile to each other. Then suddenly in 1960 the world became aware of a split between China and the Soviet Union. This had many causes but one precipitating factor was the fact that the Soviet Union reneged on its pledge to help China acquire nuclear weapons, something China would nonetheless accomplish on its own in 1964. In the decade following this, the U.S. and China began, largely unnoticed, to take parallel positions on many questions, culminating in the spectacular visit of Richard Nixon to Beijing in 1972 to meet Mao Zedong. China and the United States saw mutual advantage in constraining the Soviet Union, and entered into what can be considered to have been a limited alliance.
    In the 1980s, China began a major internal economic reorganization, allowing it to participate in the world market as an increasingly important producer and trading partner. By the late 1990s, Chinese economic growth became the big story of the world-economy. This aroused very mixed response in the United States.
    On the one hand, China now represented a major zone of potential large profit for U.S. corporations, which had a new and very important outlet for their exports and indeed their investments. In addition, China’s increasingly large accumulation of U.S. dollars resulting from the excess of their exports over imports were invested almost exclusively in U.S. treasury bonds, permitting the Bush administration to cover its enormous balance of payments deficit. This deficit was the result of the combination of the Bush tax refunds, the incredible costs of the Iraq war, and the declining level of manufacturing exports. This seemed a good deal to a lot of people in Washington - profits for U.S. corporations, a low interest rate set by the Federal Reserve Board encouraging a high level of consumption in the U.S. and a major housing bubble, which in turn sustained internal U.S. employment levels. And in the geopolitical arena, the U.S. was seeking the essential help of the Chinese in its efforts to restrain North Korean nuclear ambitions.
    On the other hand, there were many nay-sayers in the U.S. to any close relation to China. First of all, Chinese exports fostered by the undervaluation of the yuan was said to be responsible for the unabated decline in employment in the U.S. manufacturing sector. Even more important to the militarist segment of the Bush administration was the fact that the Chinese were using this economic growth to invest heavily in a military upgrading which was threatening to make the Chinese a serious world military power in the next twenty years. And when this year(2005) the Chinese state corporation CNOOC entered a bid to buy a U.S. oil producer, Unocal, hysteria broke out in the U.S. Congress, with much talk of a long-term threat to U.S. oil supply.
    The Bush administration was caught between two sets of supporters, and tried to navigate the waters by concentrating on pressuring the Chinese for an upward evaluation of the yuan. This presumably would improve the prospects of U.S. manufacturing exports, and might in the process create some constraints on the Chinese budget available for military expenditures. And in addition, the U.S. moved to strengthen its links with India, a bit to counterbalance the growing strength of China in the Asian arena.
    The story of U.S. relations with India is less well-followed in the U.S. but is no less ambiguous and complex than the Chinese story. When India became independent in 1948, the U.S. in principle saw this as a success story - decolonization of the world’s largest colonial territory and a government that permitted normal electoral politics. But India, almost immediately, assumed the role of the world’s leading neutral (later to be called non-aligned) power in the Cold War, and the U.S. did not like this one bit…

    http://www.binghamton.edu/fbc/166en.htm

  12. moryah4 Says:

    The economic and diplomatic importance of People’s Republic of China (PRC) and the Republic of India, which are the two most populous states in the world, as emerging economies, has in recent years increased the significance of their bilateral relationship. They are emerging not only as world powers but are forecast to rival the US in the coming decades in economic and military might. Their relationship has undergone times of both war and peace. It has been characterized by both border disputes, resulting in military conflict, and by economic cooperation. Both countries, despite their belligerent mutual histories, have in recent years attempted to reignite diplomatic, military and economic ties.

  13. moryah4 Says:

    Trying to put a finger on things I have looking at written material referring to the covert actions of the Bush Administration and how it might be influincing the present state of the stock market etc,and it is interesting what pieces of this jigsaw are out there,international exchanges that have been carried out from Washinghton and elsewhere pertaining to weapon and defence technology exchanges that would make your hair turn on end.
    One such publication , “The Conspirators” by Lt. Cmdr. Al Martin, US Navy (Ret) (2001, National Liberty Press),discusses the tangled web of illicit transfers of high technology American weapons in exchange fro political money have been going on for at thirty years now including various transfers to China.
    Martin mentions how these illicit transfers began to occur from 1977 to 1979.
    (Quote:Lt. Cmdr. Al Martin-”"The Conspirators”: Secrets of an Iran Contra Insider”):

    “In 1977,President Carter delinked the United states from Taiwan by withdrawing diplomatic relationship with Taiwan,ostensibly to seek anincreased trade realtionship with china.At the same time he extended ,in a confidential protocol,certain miltary protols to Taiwan.
    In 1978 the CIA unhappy with the direction Pakistan’s was being led by Prime Minster Ali Bhutto (according to Martin, Pakistan had up until then been a de facto political ,economic and military vassal state of the United States).
    Bhuttos rapproachment with India and reproachment with Russia disturbed the CIA and through their close conatcts with the Pakistan military they instigated a coup d’etat resulting in Bhutto’s execution and Genral Zia el Haq being placed inpower.Zia in power stooped the warming to the Soviet union and India.One of the points of puttting Zia in power was to restore the balance of power in the Indian sub-continent vis-a vis United States and China geopoliticval policy.
    As had been done previously Pakistan also acted as an arms merchant between the United states and the People’s republic of China.in other words high technology experts were being sent to Pakistan.
    then Pakistan was essentially re-exporting these exports to China sometimes by itself,or through using African or Israeli intermediaries at the same time ,the double impact of this policy was that the US was able to act in a more overt fashion in terms of arming Pakistan.
    Washington according to Martin did,in fact sell billions of dollars worth of weapons to Pakistan-all om credit of course.These quiet credit arrangements were issued,disguised as among various qausi-government agencies.
    Meanwhile India although techniacally a non-aligned state and a second power of the non-aligned states was actually a Soviet satellite.
    India was financed by the Soviet union.They recieved all of their arms from the Soviet Union.India although they paid ‘lip service’ to the west were in fact a ‘de facto’Soviet state.Meanwhile Pakistan being pro-U.S. and armed by the U.S. kept India in check.It was laos hostile towards the Soviet Uniona nd moving once again closer to the peopl’s republic of China,particularly the People’s Army and the Public security Bureau (PSB).
    These were later consolidated into a CIA policy in 1973,which literally became known as the “Colby China Doctrine”.
    It was realized that the United States and China had similar,global geoeconomic,geopolitical and geomilitary global interests ‘vis-a-vis’the containment of the Soviet Union,and that policies were so close that the language that was used was extremely similar.So the “Colby China Doctrine’ was created to contain the Soviet expansion through supporting opposite factions like China.
    Then the Soviet union according to martin decided to cement a relationship with India by giving India thermonuclear weapons technology.To counter this the US decided Pakistan should have the same type of technology. But decided to covertly use China as the courier which they did.They saw,giving Pakistan this technology as in their interest ,Pakistan being a buffer state between they and India.At this time the United States became increasingly nervous ‘vis-a-vis’ Soviet expansionism,so in the 1979 to 1981 period,high-technology weapons transfers ,as well as shipments of the actual weapons to the People’s Republic of China were stepped up.
    It was these high technology transfers that essentially allowed the People’s republic of China to build a miltary satellite system as well as military spy and intelligence gathering satellite system,something they had been unable to do before.
    The United States considered this a “stabilizing” factor.The Peopl’s Republic of china was way behind the unieted states and the Soviet Union in terms of Satellite systems,whom could view every square inch of each others territory.In some ways this acted as a mutual deterrence and mutual compliance.As well as this it made billions for US defense contactors.
    This was particuraly true in the early 1980s .And the more billions that US defense contarctors could amke surreptiously ,the more millions of those billions would get donated into Republican coffers.There was still a geopolitical interest in doing this,but starting around 1981 that became increasingly skewed as the Chinese began giving more and more millions to the Republican National Committee.
    There are some further connections that go way back and exist to this day that shuld be mentioned to because they are germane to other policies of the 1980’s,even to Iran-Contra.
    This is the traditonal connection between the United States,the South African ,the Israelis,and the Pakistanis-and later the Iranians.The iranians did not become aprt of this equation until about 1985.As I mentioned the chinese had been giving thermonuclear weapon technology to the Pakistanis,but what the Paskistanis wanted was missile technology to go along with that-something the Chinese were sorely lacking.
    This was particuraly true with so-called theater nuclear weapons delivery systems.And theatre systems were something the chinese had not devoted a lot of effort to developing.the chinese principal interests had always been the ability to project thermonuclear power within a strategic theatre of operation,not a specific regional theatre.they did not face any real threat in terms of a regional theatre.
    Therefore,staring about 1981,when reagan first came to power,with the consent of the uited states,the Isralis started to give Pakistan misssile technology,particularly short-range and medium-range missile technology,particularly short-range and medium-range missile technology to affix thermonuclear warheadss to missiles,which is a much more efficient technology than equipping a missile with a conventional or even a chemical warhead.
    A thermonuclear warhead on a missile is a whole different ball of wax and where did it get the missile technology?Pakistan got the missile technology from Israel.
    And Israel got the missile technology as a technology transfer from South afrcia.
    The south Afrcians got the technology from the US.
    That whole connection starts between the United states and the South Africa>It had been commonly presumed by the Soviet union that,and incorrectly presumed ,that it was the Unted States which covertly transferred thermonuclear weapons technology to Israel,which allowed israel to build thermonuclear weapons of its own.Of courtse Israel did not have thermonuclear weapons capability fully and deliverable until 1976.
    South Africa ,was more interseted in missile applications and low-yield thermonuclear artillery shells.Lt Commander Martin says The United states had previously provided South Africa with this technology.The United states wanted to make sure,he says, that the South Afrcian government remained white,would remain pro-western,and would remain under joint United States -British political control as it did for years.
    Also the United states,at that time(the 1970’s) wanted to ensure that its supplies of strategic minerals such as rhodium,trtium,particuarly strontium,particularly strontium 90,cesium-230,mercury-240.These minerals are found in few places in the world,and are all important components for the construction of thermonuclear weapons.Meanwhile the South African government felt that it would be easier to contain the greater black populace ,should the an uprising occur, with thermonuclear weapons.
    The reason the United States supplied South Africa with thermonuclear technology was to use South afrcia to act as a bulwark against Soviet expansionism in Africa,particularly in the border states around South Africa-Namibia,Zimbabwe,and Mozambique in particular and Angola to the northwest.You can see this vis-a-vis the 1975 situation in Angola when the Soviets put in technical advisors and heavy weapons systems to back one faction,and the South Africans,the Chinese and the Pakistanis covertly backed UNITA,the other faction.UNITA is still acked by the same combination of powers today as it was more than twenty years ago.Little has changed.However the policy was successful,and the Soviets were forced to withdraw.This was an exaple of the “Colby China Doctrine.”conatining soviet expanionism in alll spheres of influence and in all theaters silmultaneously.This famous South Afrcian-to Israel-to-other-destination military transfer point worked out very effectively vis-avis getting eapons to Iran in 1985,and later the following year,getting weapons to Iraq.
    People tend to forget.They look at Iraqgate as being a 1988-1991 thing,when in fact transfers and weapons sales to Iraq had begun as early as 1986.It was one of the policies of the then interim DCI Chief,Bobby Gates,a very profitable exercise for the United states vis-a-vis the mutaul military relationship established by Israel and Soth Africa.South Africa provided Israel with nuclear weapons technology and also sold Israel artillery piecessuch as the Bofor guns and self propelled artillery pieces.
    In exchange for these Israel began to sell South Africa jet fighters.The U.S. used a senior Mossad agent as principal conduit between the US,South Africa and Israel regarding weapons transfers to Iran and Iraq between 1985-1986.
    (interesting that Zarlen said it was the oil-rich Middle East principally Iraq withdrawing part of their investments in Wall Street to pay for their weaponary prior to during the Iraq war that cause the ‘Black Monday’1987 Stock Market Crash).
    In 1986 the U.S.’s policy to arming China changed as relatinships between the United States and the Soviet Union began to thaw.
    1986-1987 the Chinese began to be regarded as a destabilizing force geopolitically.By 1986 Chines strategic assets had been well dispersed throughout the country in mobile rocket launchers and in silos.
    we also became awre of the fact that the bulk of Chinese strategic force was aimed at the United States,not at the Soviet Union,as had been commonly presumed earlier-and as the chinese had informed us earlier.
    therefore there was a period from 1986 -1990 where weapons transfers to China via intermediaries were temporarily scaled down.,just as the Soviet union was converting from a communist country to a capitalist country.However when it became apparent in 1990 that the Soviet union was effectively unraveling we returned to the situation that we were in previously .With the Soviet union now listed a s destabilizing factor because of its own internal chaos.
    In 1991-1992 ,at the very end of the Bush administration,technology and weapons transfers to China was ramped up again,which served Mr Bush well in terms of the amount of Chinese money that came into his 1992 election campaign….(more soon)

  14. moryah4 Says:

    HOW MANY PEOPLE RULE THIS WORLD

    In your opinion, how many people collectively control
    1. Food supply
    2. Water supply
    3. Energy supply
    4. Land
    5. Money supply
    6. Military?

    For now, I’d say, it is not so much about how many people, but rather, how many families rule the world. Two main families, outside of the Order of the Garter (Queen of England), are the Rothschilds and Rockefellers. Of course you can throw in the Warburgs, Morgans, et cetera. By the way, Bill Gates, though much money, does not rule the world, He serves those who do, but he himself, count him out. Anyway, do your research and you will find, from the Bank of England, and the families connected to that institution is awfully amazing, in other words, start there, and you will see how well spread out the families who rule the world are.

    Divide your list of six into two groups:
    Group A: Food/Water/Land/Money
    Group B: Energy/Military

    IMHO, Group B is the one that is probably controlled by a very few people, and Group A is probably controlled by many people. All of these could be argued in many ways, depending on the definition of ’supply’ and ‘rule’ used, amongst other things.
    The military is controlled by a small group of officers at the top, as well as the top politicians, who decide when, where, and if the military is to be used.
    Energy Supply
    Obviously in the hands of a few. Those who own the electrical companies, the oil producers, etc, control the energy supply. If they were to withhold energy, we’d be in big trouble.

    How many people rule this world?
    A. I read somewhere that it’s about 300 families
    considering the major captains of industry, land, and resources.
    ..Have you heard of Committee of 300, CFR, Trilateral Commission, Bilderbergers, Skull and Bones, Freemasons and subsequent chapters and sister organizations of this elite global network that dominates politics, finance and domestic and international business dealings of all types ? Add them up and you get probably 500-2000 people in authentic positions of power with the real orders being handed down from a handful of men.

    (from Above Top Secret)

  15. moryah4 Says:

    Samuel J. Palmisano
    Who is he?
    The CEO of IBM as of 2002.
    Why does he rule the world?
    Currently, he is the head of IBM. If you do not know what IBM is, it is the worlds largest manufactor and designer of supercomputers. It’s supercomputers and mainframes are used throughout almost every major business, corporation, and throughout many 1st world countries, such as the United States, Canada, and Great Britian, to name a few. Its owns several major communication systems, and its systems are broadly used nearly everywhere. They are the first and foremost authority in the creation of ATMs, and are in a constant communication with many governments for the next big computer project. They clearly, have a firm grasp in all politics of various corporations, businesses, and world powers.
    Or what about
    Paul Wolfowitz
    Who is he?
    The Head of the World Bank Group
    Why does he rule the world?
    The World Bank holds some of the largest sums of money internationally. They have to sole power to loan and distribute money to any country in the world, forcing many governments to have to pay them back in compesations. The World Bank can use this money as a tremendous political influence, giving parties and governments more money as favoritism. This gives Paul Wolfowitz, and any of his political opinions, in high regards.

  16. moryah4 Says:

    In the book “Vice-The Hijacking Of The American Presidency” Wolfowitz appears as the original architect of the invasion of Iraq who designed a U.S. plan to invade and covertly appropriate the oil assets of Iran and Iraq. The concept was supposed to have been envisaged and mapped out (i.e. where the oil wells were etc.) something like five years, before 9/11 and the subsequent invasion of Iraq, initiated by George W Bush .
    Dick Cheney was supposed to have become enarmoured with Wolfowitz’s concept and picked it up for serious review at least two years prior to the 9/11 bombing incident.
    Cheney who has developed a power-base for himself in the Bush administration for himself far greater than any other previous Vice President of the United States, was said to have invited the heads of all the major oil companies into closed meetings ,that he had legislated to have no public record or accountability to congress,and literally sat down with them with the strategic maps of the oil fields of Iraq and Iran,tow years ahead of the “9/11″ bombings and plotted the future direction of bolstering America’s oil needs.
    According to the book “Vice-The Hijacking of the American Presidency” a lot of the present Bush administration’s decisions including the controversial idea of invading Iraq,in hindsight seen to be on trumped up charges,were Cheney’s,who is very good at hiding his tracks.
    Cheny and Wolfowitz both worked under Donald Rumsfield in the President Ford’s administration and they were all allies,”thick as thieves”so to speak.
    Cheny built an incredibly loyal mass of highly efficaint legal and government adminstrators around him that supported his far-right ideologies to the hilt.His tight unit functioning as a highly covert axiom of evil.All of their fingerprints were plastered all over the “9/11 events”.
    Although we suspect the Chinese are intimately involved with current financial crisis The Cheney-Bush administration have proven themselves nothing short of gangsters and it is evdient the world would not be in such a weak and teetering position if these guys had not lied to and defrauded the American people they were and (gulp!) still are governing.
    Certainly have not heard a peep out of Cheney lately.
    Meanwhile Controversy has followed Paul Wolfowitz since he left the Defense Department in 2005 to join the World Bank; his appointment to the State Department’s relatively low-profile ISAB sparked questions because of his efforts to push for the invasion of Iraq. In late January 2008, shortly after news of Wolfowitz’s ISAB position was announced, the Center for Public Integrity released a study detailing Iraq-related “false statements” made by top Bush administration officials, including Wolfowitz, in the two years after 9/11. By the center’s count, Wolfowitz alone made 85 public statements reflecting “misinformation about the threat posed by Saddam Hussein’s Iraq.”
    Joseph Cirincione, a senior fellow at the Center for American Progress, commented on Wolfowitz’s appointment to the ISAB, telling Bloomberg News, “The advice given by Paul Wolfowitz over the past six years ranks among the worst provided by any defense official in history. I have no idea why anyone would want more.
    After taking over as World Bank president in June 2005, Wolfowitz seemed to pressure the bank to take on a larger role in Iraq. According to the Inter Press Service, Wolfowitz’s persistent efforts to “recruit a new country manager for Iraq despite concerns over staff security there—as well as the bank’s attempts [in May 2007] to suppress reports about an incident in which a bank employee was injured in Baghdad, apparently to avoid derailing his recruitment efforts—have lent credence to critics’ charges that he has been more than eager to line up the institution and its resources behind U.S. policy there.”
    Wolfowitz’s June 2007 resignation from the World Bank, an international loan- and grant-making organization that aims to reduce poverty, ended a tumultuous two-year tenure.
    The New York Times reported that Wolfowitz’s decisions at the World Bank sometimes left the “impression that at critical moments [Wolfowitz] was putting American foreign policy interests first,” for example, when he decided to suspend “a program in Uzbekistan after the country denied landing rights to American military aircraft.” 12 He also “directed huge amounts of aid to the countries he once recruited to sign on to Washington’s counterterrorism agenda … [and] relied heavily on a pair of aides drawn from the Bush administration, Robin Cleveland and Kevin Kellems, who created an inner circle that the bank’s professional staff members said they had great trouble piercing.”

    (More..) http://rightweb.irc-online.org/profile/1390.html

    In the “Vice” book ,in the end,Wolfowitz was just another bit-player in Cheney’s orchestrated plot.

  17. moryah4 Says:

    In 2002 in England Dr Jon told me once that President Bush does not have high level security clearance he has about nine or ten people above him who are able to access more highly classified information than he.
    Who are the men who overule Bush one wonders?

  18. moryah4 Says:

    Top Swiss bank UBS gets giant infusion

    From Chicago Tribune news services
    October 17, 2008

    Switzerland provided its biggest bank, UBS AG, a lifeline worth tens of billions of dollars Thursday and pushed Credit Suisse Group AG to raise funds, joining authorities around the world in shoring up banks.

    Hit harder than any other European financial institution by losses stemming from bad investments in subprime American mortgage debt, UBS will receive as much as $60 billion from the Swiss National Bank.

    The country’s other banking powerhouse, Credit Suisse, announced it would raise $8.75 billion in fresh capital from private backers, including the Qatar Investment Authority, after turning down the offer of direct government help.”This operation is highly unusual, both with regard to its scope and the reasons for it,” said Jean-Pierre Roth, president of the Swiss National Bank. “In carrying it out, we are making a contribution to an essential element of the Swiss financial system at a time when financial markets have been in turmoil for some months now.”

    http://www.chicagotribune.com/business/chi-fri-ubs-switzerland-oct17,0,4057853.story

  19. moryah4 Says:

    MIDEAST ,CHINA RETURN FROM THE SIDELINES

    Saturday, Oct 18, 2008

    (From THE WALL STREET JOURNAL) By Chip Cummins in Dubai and Peter Lattman in New York Mideast and Chinese money is back. After largely staying on the sidelines during the past few tumultuous weeks of the global financial crisis, the cash-rich governments of the Persian Gulf and China appear to be getting back in the game.

    The Qatar Investment Authority, with an estimated $65 billion war chest, on Thursday led a capital injection of 10 billion Swiss francs ($8.83 billion) into Credit Suisse GroupCredit Suisse Group. The investment will boost Qatar’s stake in the Swiss banking giant to something under 10%, from just under 2%, according to a person familiar with the situation.

    Also Thursday, three Libyan government institutions took a 4.23% stake in Italian bank UniCredit SpA and said they would back the bank’s recently announced capital increase. The Central Bank of LibyaCentral Bank of Libya, the Libyan Investment AuthorityLibyan Investment AuthorityLibyan Investment Authority
    LIA
    Libya | Financial Services
    News | Profile | Officers
    and state-owned Libyan Foreign BankLibyan Foreign BankLibyan Foreign Bank
    LAFB
    Libya | Financial Services
    News | Profile | Officers
    acquired the UniCredit stake on the Milan Stock Exchange, according to a statement from the central bank.

    Meanwhile, the Chinese government intends to raise its ownership stake in Blackstone Group LP, according to people familiar with the situation. In a securities filing Thursday, Blackstone said it reached an agreement with China Investment Corp. that will allow the country’s year-old $200 billion investment fund to increase its holding in the New York-based private-equity firm to 12.5% from 9.9%. CIC is expected to purchase those shares on the open market, according to those people.

    The new investments come despite local criticism in China and parts of the Middle East over previous investments in Western financial firms that have fared poorly

    http://www.zawya.com/Story.cfm/sidZW20081018000005/WSJ(10%2F17)%20Mideast,%20China%20Return%20From%20Sidelines/

  20. moryah4 Says:

    AUSTRALIA’S VULNERABILITY (Continued)

    October 18th,2008.

    “The East is in the Red: the white-knuckle ride begins”

    Australia has been riding the boom created by China’s appetite for resources, but the Asian giant is running out of steam(or so they would have us believe…)
    “Do they(China) have the money to keep buying the iron ore?”
    That is the multibillion-dollar question to which Australia’s Reserve Bank governor, Glenn Stevens, needs to find an answer.

    In the eight years since Ding Liguo and his Delong Steel company arrived at the village near Xingtai, in Hebei province on the North China Plain, 1.3 billion Chinese have tripled the amount of steel they each consume.
    Half of it is used for residential and commercial buildings and infrastructure; the other half goes into machinery, shipbuilding, cars and pipes.
    China accounted for 85 per cent of global steel consumption growth in the past five years. It pushed the annualised value of Australia’s iron ore exports from $US5.1 billion ($7.4 billion) to $US33 billion today. In that time exports of steel-making coking coal and power-generating thermal coal have jumped from US$10.8 billion to $US48 billion.
    Other mineral and energy exports, like natural gas, alumina and copper, have soared to $US71 billion. Minerals and energy now make up 56 per cent of Australia’s total exports, compared with the manufacturing industry’s 14 per cent and 10 per cent for farming.
    The China-driven resources boom shifted the terms of trade massively in Australia’s favour. It made Australians about 13 per cent richer without them having to do a thing. While Australia’s volume of economic output, or gross domestic product, has risen 19 per cent in five years, higher export prices have meant Australia’s gross domestic income has soared 32 per cent. So the country voted for tax cuts, bought cars, rebuilt homes and piled on more debts as if the resources boom would last forever.The Chinese economy is difficult to read at the best of times. In recent months it has been distorted by shutdowns related to the Beijing Olympic Games. Few people were paying much attention when electricity production growth fell in June and the amount of floor space under construction fell in the year to July, after growing at more than 20 per cent for years. In hindsight, the Government’s policies to fight inflation and rebalance the economy were flattening the construction sector. Builders no longer needed so many steel rods and beams, steel mills reduced demand for electricity, power generators lowered their consumption of thermal coal and their future demand for copper by scaling back plans for more generating capacity and transmission wires.

    Commodities traders had piled up stocks, expecting China’s construction and heavy industry to burst back to life after the Olympics. Instead, the financial crisis reverberated around the world, stockpiles were liquidated, and the five-year resources boom quickly turned to bust.

    At Tangshan, the heart of China’s steel industry, traders report that dozens of mills are going belly up and a third of blast furnaces have been shut down. “This is the beginning,” says MySteel analyst Xu Xiangchun. “So many steel companies have suddenly collapsed and more and more are running out of cash and will go the same way.”

    For the benefit of an Australian audience, he adds: “This is very good for China in front of the upcoming contract price negotiations.”

    Traders who had been selling iron ore at around $US200 a tonne on the Tangshan spot market were struggling this week to make a sale at $US80. The Newcastle spot price for power-generating coal has plunged from nearly $US200 to $US110. Copper has fallen more gradually, by one half, and nickel by three-fifths. This week Rio Tinto’s chief executive, Tom Albanese, shocked the London and Sydney stock exchanges by being the first major mining executive to warn that China would not recover before year’s end.

    “No, I did not predict the carnage at the moment,” says Jim Lennon, Macquarie Bank’s respected head commodities analyst. “Last week was the first time since records began that the Chinese spot market price for iron ore went below the Australian long-term contract price. The freight market has imploded. We’ve declared force majeure on the global commodities super-cycle.”

    Resource price rises that directly injected 2 or 3 percentage points of additional income into the Australian economy each year are swinging into reverse. “As the resources boom unwinds it will do significant damage to Australia,” says Kieren Davies, a leading economist at ABN Amro. “The fall in national income will flow to weaker company profits and weaker business investment and cascade through the economy.”

    Most of the hundreds of Australian mining companies that have sprung up at the tail end of the resources boom will not survive. “A lot of the junior miners will run out of cash and go into liquidation as they will be unable to raise funds,” says Linda Liu Bearne, an investment consultant whose clients include China International Capital Corporation, China’s largest investment bank.

    Ms Liu Bearne says she has met a stream of mining hopefuls eager to raise money from China. But even China’s cashed-up, resource hungry enterprises have been shocked by the carnage spreading through the financial world. Some private Chinese investors have recently walked away from deals at the point of signing. The sovereign wealth fund investors are paralysed by past mistakes.

    Advisers in Australia and China say a number of state-owned Chinese enterprises are still willing to take large stakes in discount Australian assets, but their profits are falling and the Rudd Government’s more restrictive foreign investment policies have made them more cautious.

    It would have been hard enough for Australia to escape recession with only a global financial crisis. But now the Reserve Bank and the Treasury Secretary, Ken Henry, have had to slash interest rates and pump out cash to counteract a resources bust - something Australia has never previously managed to do. The plunging Australian dollar will help cushion the fall. But it will not be easy to calibrate a rescue when the world is changing so fast.

    At Delong Steel, Han Chunwen and her family are closely watching the three large furnaces that remain in operation. The four smaller furnaces have been shut down for early maintenance and can be restarted within weeks if demand picks up again. But the large furnaces take months to cool and then be cleaned out and started up again. That’s something no factory owner would choose to do - unless they think their business is going under.

    Andrew Forrest at Fortescue Metals Group also has a direct interest in the smoke that continues to billow from the large blast furnaces at Delong. If they shut down he will have to find another buyer.

    The two companies signed a long-term contract that helped place Fortescue on the investor map. But now, just five months after its first cargo load arrived in China, Mr Ding has sacked the hapless manager who signed the deal. The Herald understands that Fortescue contracted to arrange freight for the iron ore deliveries and pass the costs on to Delong Steel. Fortescue locked in the freight costs months ago, when freight rates were high. But the deal now looks expensive because spot market iron ore and freight rates have collapsed and Mr Ding’s own customers are deserting him in droves. Mr Ding wants Fortescue to wear the cost of expensive freight before agreeing to take more ore. Fortescue says they are flexible, and they might have no choice.

    “They contacted us yesterday but we have not renegotiated anything,” said Graeme Rowley, executive director of operations at Fortescue metals.

    A senior manager at Delong Steel, Lu Bing, says times are tough but all of his 5000 workers remain fully employed. But worker and industry sources say about a third of them have been ordered to take unpaid leave and more will be stood down unless steel prices recover next week. Delong’s bankers are banging at the door.

    “It’s the same for every steel mill in China and across the world,” says Mr Lu, the manager at Delong. “The big mills are all cutting production and lots of smaller mills are shutting down. No one knows how long this slump is going to take.”

    Marius Kloppers at BHP Billiton and Tom Albanese at Rio Tinto are also anxiously watching the smoke from China’s largest blast furnaces. Chinese statistics are often unreliable and the slide of China’s steel industry has been so sudden that it is impossible to keep pace. Delong, for example, has been laying off workers for seven weeks but nobody outside the village seems to know.

    With BHP and Rio’s values sharply down, both companies need faster ways to gauge how far this resources slump might go. Last week a team from Rio quietly fanned out across China to survey the mills and and see how many of China’s high-cost iron ore mines are shutting down. That’s not an easy task.

    China has more than 500 steel companies, compared with Australia’s two.

    The stakes are so high that large mining companies are chartering extra espionage flights to photograph iron ore stocks at each other’s ports in Western Australia and Brazil. They are also hiring satellites. And they are desperately waiting for the Chinese Government to come to their salvation. “Neither I nor you can tell what the world is going to look like in four, eight or 12 months from now,” says Russell Scrimshaw, executive director at Fortescue. “I hope the Chinese Government does the right thing to stimulate the economy.”

    Indeed, many in China are surprised that the Government has not yet taken back the 30 and 40 per cent deposit requirements for home buyers, the transaction taxes and the tight credit quotas that it introduced last year to cool the overheated luxury apartment market. They are waiting for the Government to unleash its enormous balance sheet on yet another network of rail and roads.

    But the Chinese economy is not as simple as pushing the accelerator or tapping the brake. The President, Hu Jintao, and the Premier, Wen Jiabao, are trying to rebalance investment away from resource-intensive and highly-polluting heavy industry.
    Daniel Rosen, director of the China practice at the Rhodium Group in New York, says Mr Hu and Mr Wen want to change China’s heavy-industry model that is tilted dangerously in favour of capital at the expense of household income and consumption.”The manic expansion of steel mills bolstered demand for natural resources . . . over the past half decade,” says Mr Rosen. “But only sustainable growth based on maximising the gains to China’s 770 million working-age people can sustain the pattern of urbanisation for decades to come.”
    (and then of course then there is the Chinese government’s agenda hidden agenda .(Remember:Prime Minister Wen’s quote mentioned in the new book “Beware The Dragon”by Erich Durschmied ? :”For us Chinese,the ninteenth century was one of humiliation,the twentieth century one of restoration and the twenty-first century will be that of domination.”
    So far the Chinese economy is rebalancing exactly as Mr Hu and Mr Wen wanted, although the pain threshold for unemployment cannot be far away. China has been the saviour of the Australian economy for five years or more and(Australia is hoping it will not be too long before it is again. The forces that are driving Chinese people to urbanise, escape from poverty and consume energy and mineral resources are far from over.
    Unlike Australia’s sprawling cities of brick, China’s land-constrained cities have nowhere to go but up. Buildings that are higher than five stories are generally reinforced with steel. Higher buildings require greater concentrations of steel.
    Earlier this year a team of 20 consultants at McKinsey & Company constructed a ground-up model of what China will look like two decades from now. By then China will have urbanised and another 350 million people will have moved from the countryside.
    They will live and work in more than five million buildings in 200 cities that each contain more than 1 million people. Fifty thousand of those buildings are likely to be skyscrapers - “the equivalent to constructing up to 10 New York cities,” says the McKinsey report, Preparing for China’s Urban Billion.
    The message, studied closely by Australian mining companies such as BHP Billiton and Rio Tinto, is that if you have been impressed by the gleaming towers of Shanghai and Beijing then you have seen nothing yet.
    But along the way - and, particularly right now - it will be a white-knuckle ride.
    (So the bargaining power has shifted back in China’s favour with spot prices on steel and coal to China being slashed at whim in China’s favour now,then there are the hidden unexpected influences of environmental and economical factors nature that are inevitable,add to this the predicted probabilty of muslim terrorists carrying out sevral major terrorist attacks on Australian soil predicted by Zarlen and you will see what yesterday looked like strong ground now looks decidedly frail ,you could say vulnerable…

  21. moryah4 Says:

    CHANGE OF ATTACK MIFS TOKYO

    Hamish McDonald, Asia-Pacific Editor
    (October 18, 2008)

    WITH the crumbling American economy, the precarious hold on security achieved by the “surge” in Iraq, and the widening threat of Islamist extremism in Afghanistan and Pakistan, George Bush has just been forced to accept another setback to his original agenda.
    His presidency is ending with a slap in the face for the key ally in Asia, Japan, for whom his advisers had envisaged an enhanced role in Asian security.
    At the same time, Bush gave a good mark to the dictator for whom he once declared a “visceral” hatred, and whose regime he listed along with Saddam Hussein’s Iraq and mullah-ruled Iran in the famous “Axis of Evil”, North Korea’s Kim Jong-il.
    This came last Saturday when Washington removed North Korea from its list of states sponsoring terrorism, in order to buy off North Korea’s threat to suspend the six-party denuclearisation agreement and bring its disabled plutonium-producing reactor back into operation.
    The Japanese, who would be the prime target for any North Korean nuclear missiles, are worried at the slack being paid out by Washington.
    They were doubly offended that the delisting came only a day after their own government decided to extend by another six months the ban on port calls by North Korean ships and imports from North Korea until Pyongyang sets up a new investigation into the kidnapping of Japanese citizens in the 1970s and ’80s by its intelligence agencies.
    In 2002, Kim Jong-il admitted 13 had been kidnapped, of whom eight had died, and allowed the survivors to return home. Tokyo believes there are many more, and that some of the eight deaths have not been credibly explained.
    The decision also came after Japanese financial institutions had gone to the rescue of troubled US investment banks, buying up part of the failed Lehman Brothers and a 20 per cent stake in Morgan Stanley.
    The new Japanese Prime Minister, Taro Aso, listened to Bush explain the decision by telephone, then said he remained unhappy.
    His Finance Minister, Shoichi Nakagawa, who was in Washington for the G8 meeting, said it was “extremely regrettable” since the kidnappings were “terrorist acts” - which is very strong wording for Tokyo.
    According to a Washington newsletter, The Nelson Report, an advance phone call from the US Secretary of State, Condoleezza Rice, to the Japanese Foreign Minister, Hirofumi Nakasone, lapsed into a shouting match described as “pretty nasty, with Rice basically demanding ‘get out of our way and let us do this’.”
    (Nice a nice way to reward your allies Mr Bush)

  22. moryah4 Says:

    The Australian Financial Review
    Colleen Ryan
    (16-10-2008)

    Hot money is flowing out of China as one of the best one-way bets on gloabl markets,a punt on a rise in the value of the yuan,has gone into reverse.
    China’s foreign exchange reserve numbers,which show an increase in reserves to a record $US1.9 trillion ($2.7trillion Aust.),also include unexplained outflows of $US13billion in september and atotal of$1.5billion for the third quarter.
    This is a dramatic change from the first half of this year,when$US162 billion in unexplained funds flowed into the country.
    Unexplained funds are those funds that can’t be accounted for through trade flows,foreign investments and returns on investments.The latest numbers suggest that “footloose” capital is now heading for the exits,” says Stephen Green,an economist with Standard Chartered who has been closely tracking fund flows fro the past two years.

  23. moryah4 Says:

    MEANWHILE AUSTRALIA LOOKS MORE VULNERABLE TO THE GLOBAL ECONOMIC DEMISE:

    “Greed a deadly sin for the economy”

    Paul Sheehan
    October 20, 2008

    On July 30 Hans Redeker, head of foreign exchange strategy at BNP Paribas, Europe’s biggest investment bank, predicted: “The Aussie is going down, big time.”

    Back then - it already seems like a long time ago - the Australian dollar was sitting majestically at 97 cents to the US dollar, which was taking a battering. But the Aussie did, indeed, go down, big time. Within three months it had crashed by 33 per cent to US65.5 cents. Now Redeker has issued another warning to Australia. We’ll get to that. But first, let’s look at his track record.

    December 2006: Redeker predicted a sharp recession in the United States, saying the condition of its housing market was worse than the experts were stating and the flow-on effects would be much worse than predicted. That was almost two years ago. He was right.

    January 2008: He predicted the Aussie dollar was facing two years of decline, and expected to see it fall to 66 cents. He was right. He also predicted a rise in financial market volatility, higher inflation worldwide, higher interest rates in Asia, weakening demand for Australia’s minerals exports from China, and a weaker sharemarket in China, all of which would drive down the Australian dollar. Since then, the Shanghai sharemarket has crashed 50 per cent from its peak.

    October 2008: Two weeks ago Redeker repeated his claim that abundant foreign money had been available to Australia and too much of it had been spent on real estate, creating a speculative bubble: “The easy money went straight into real estate … Australia will now have to generate 4 per cent of GDP to meet payments to foreign holders of its assets. This is twice as high as the burden faced by the US.”

    After the Australian Reserve Bank slashed key interest rates by 1 percentage point, Redeker also told London’s Telegraph that he was concerned about what the Australian Government may do. “Yes, Australia has a fiscal surplus, but that does not offer as much protection as people think. If the Government boosts spending further, the current account deficit will spiral out of control.”

    And what has the Rudd Government just done? Boost spending.

    There was certainly no discussion of the current account deficit spinning out of control, or Australia’s excessive debt, when the Prime Minister, Kevin Rudd, launched his $10 billion economic stimulus package last week, nor any from the Opposition Leader, Malcolm Turnbull, who offered in-principle bipartisan support
    It gets worse. Redeker continued: “There is a risk, however remote, that Australia could face some of the foreign funding difficulties we have seen in Iceland.”

    Iceland! Iceland was the most leveraged economy in the developed world when it became the first economy to be bankrupted by the credit crisis. You do not want to be mentioned in the same sentence as Iceland unless the discussion is fishing or blondes.

    After quoting Redeker, the Telegraph’s global business columnist, Ambrose Evans-Pritchard, weighed in with his own commentary: “The immediate problem for Australia’s banks is that they gorged on offshore US dollar markets to fund expansion because the interest costs were lower. They were playing … on a huge scale with leverage … European banks face much the same problem as dollar liabilities come back to haunt, but Australian lenders have pushed their luck even further.”

    Gabriel Stein, of Lombard Street Research, weighed in with this, after noting that Australian household debt had reached 177 per cent of gross domestic product, almost a world record: “It is amazing that in the midst of the biggest commodity boom ever seen they have still been unable to get a current account surplus. They have been living beyond their means for 10 years. What worries me is that productivity growth has been very low: they have been coasting after their reforms in the 1990s.”

    The global financial world is watching the Australian dollar because it holds a key to the great unanswered question of this uncertain era: will the global market punish a currency for its declining interest yield? Or will it reward a currency because of the soundness of its economy? Central banks are acutely interested in the answer.

    Evans-Pritchard thinks the early signs are hopeful that the answer is the good one, that nations will be rewarded for having sound economies. But he does not believe Australia can escape the consequences of excess: “Australia has allowed its net foreign liabilities to reach 60 per cent of GDP during a decade-long boom, twice the level of the US. The country will, in effect, have to pay 4 per cent of GDP in the form of rents to foreign asset-holders as the bill for such extravagance falls due.”

    The bill is falling due. Earlier in the year Australians travelling in Europe would have paid about $1.50 for every euro spent. Today they need $2.10. The Aussie dollar is weak again, despite all the luck of the China boom. This raises a number of awkward questions. Did the lucky country became the greedy country? Did it fail to sufficiently embark on a program of nation-building during the resources boom? Was most of the bonus redistributed as tax cuts, which were spent chasing bigger mortgages, bigger homes, new cars and general consumption, stimulating short-term economic growth but not enough on long-term productivity and higher savings?

    During 17 years of unbroken economic expansion and a 10-year commodities boom, it took a lot of people, borrowing a lot of money, taking a lot of unproductive risk, to get to where we are today: a nation with excessive debt and excessive vulnerability to external circumstances barely within our control

    http://www.smh.com.au/news/opinion/paul-sheehan/greed-a-deadly-sin-for-the-economy/2008/10/19/1224351052160.html?page=2

  24. moryah4 Says:

    THE EX-PRESIDENTS CLUB

    Oliver Burkeman and Julian Borger
    “The Guardian”
    Wednesday October 31 2001

    It is hard to imagine an address closer to the heart of American power. The offices of the Carlyle Group are on Pennsylvania Avenue in Washington DC, midway between the White House and the Capitol building, and within a stone’s throw of the headquarters of the FBI and numerous government departments. The address reflects Carlyle’s position at the very centre of the Washington establishment, but amid the frenetic politicking that has occupied the higher reaches of that world in recent weeks, few have paid it much attention. Elsewhere, few have even heard of it.
    This is exactly the way Carlyle likes it. For 14 years now, with almost no publicity, the company has been signing up an impressive list of former politicians - including the first President Bush and his secretary of state, James Baker; John Major; one-time World Bank treasurer Afsaneh Masheyekhi and several south-east Asian powerbrokers - and using their contacts and influence to promote the group. Among the companies Carlyle owns are those which make equipment, vehicles and munitions for the US military, and its celebrity employees have long served an ingenious dual purpose, helping encourage investments from the very wealthy while also smoothing the path for Carlyle’s defence firms.
    But since the start of the “war on terrorism”, the firm - unofficially valued at $3.5bn - has taken on an added significance. Carlyle has become the thread which indirectly links American military policy in Afghanistan to the personal financial fortunes of its celebrity employees, not least the current president’s father. And, until earlier this month, Carlyle provided another curious link to the Afghan crisis: among the firm’s multi-million-dollar investors were members of the family of Osama bin Laden
    The more business-oriented activities of Carlyle’s staff have been conducted much more quietly: since it was founded in 1987 by David Rubenstein, a policy assistant in Jimmy Carter’s administration, and two lawyer friends, the firm has been dispatching an array of former world leaders on a series of strategic networking trips.
    Last year (2000), George Bush Sr and John Major travelled to Riyadh to talk with senior Saudi businessmen. In September 2000, Carlyle hired speakers including Colin Powell and AOL Time Warner chair Steve Case to address an extravagant party at Washington’s Monarch Hotel. Months later, Major joined James Baker for a function at the Lanesborough Hotel in London, to explain the Florida election controversy to the wealthy attendees.
    We can assume that Carlyle pays well. Neither Major’s office nor Carlyle will confirm the details of his salary as European chairman - an appointment announced shortly before he left the House of Commons after the election - but we know, for the purposes of comparison, that he is paid £105,000 for 28 days’ work a year for an unrelated non-executive directorship. Bush gives speeches for the company and is paid with stakes in the firm’s investments, believed to be worth at least $80,000 per appearance. The benefits have attracted political stars from around the world: former Philippines president Fidel Ramos is an adviser, as is former Thai premier Anand Panyarachun - as well as former Bundesbank president Karl Otto Pohl, and Arthur Levitt, former chairman of the SEC, the US stock market regulator.
    Carlyle partners, who include Baker and the firm’s chairman, Frank Carlucci - Ronald Reagan’s defence secretary and a former deputy director of the CIA - own stakes that would be worth $180m each if each partner owned an equal slice. As in many areas of its work, though, Carlyle is not obliged to reveal the details, and chooses not to.
    Among the defence firms which benefit from Carlyle’s success is United Defense, a Virginia-based contractor which makes vertical missile launch systems currently on board US Navy ships in the Arabian sea, as well as a range of other weapons delivery systems and combat vehicles. Carlyle’s other holdings span an improbable range, taking in the French newspaper Le Figaro and the company which bottles Dr Pepper.
    “They are big, and they are quiet,” says David Mulholland, business editor of Jane’s Defence Weekly. “But they’re not easy to get information out of, [but] United Defense are going to do well [in the current conflict].” United also owns Bofors, a Swedish munitions manufacturer.
    Carlyle has said that it does not lobby the federal government, thus avoiding a conflict of interest when, for example, Carlucci met Rumsfeld in February when several important defence contracts were under consideration. But critics see that as a matter of definition.
    “It should be a deep cause for concern that a closely held company like Carlyle can simultaneously have directors and advisers that are doing business and making money and also advising the president of the United States,” says Peter Eisner, managing director of the Center for Public Integrity, a non-profit-making Washington think-tank.
    Read more ..

    http://www.guardian.co.uk/world/2001/oct/31/september11.usa4

  25. moryah4 Says:

    Carlyle’s Way Red Herring Business Magazine
    Dan Briody, author of The Iron Triangle Wednesday January 8, 2002

    Like everyone else in the United States, the group stood transfixed as the events of September 11 unfolded. Present were former secretary of defense Frank Carlucci, former secretary of state James Baker III, and representatives of the bin Laden family. This was not some underground presidential bunker or Central Intelligence Agency interrogation room. It was the Ritz-Carlton in Washington, D.C., the plush setting for the annual investor conference of one of the most powerful, well-connected, and secretive companies in the world: the Carlyle Group. And since September 11, this little-known company has become unexpectedly important…

    And as the Carlyle investors watched the World Trade towers go down, the group’s prospects went up. In running what its own marketing literature spookily calls “a vast, interlocking, global network of businesses and investment professionals” that operates within the so-called iron triangle of industry, government, and the military, the Carlyle Group leaves itself open to any number of conflicts of interest and stunning ironies. For example, it is hard to ignore the fact that Osama bin Laden’s family members, who renounced their son ten years ago, stood to gain financially from the war being waged against him until late October, when public criticism of the relationship forced them to liquidate their holdings in the firm. Or consider that U.S. president George W. Bush is in a position to make budgetary decisions that could pad his father’s bank account. But for the Carlyle Group, walking that narrow line is the art of doing business at the murky intersection of Washington politics, national security, and private capital; mastering it has enabled the group to amass $12 billion in funds under management.

  26. moryah4 Says:

    What is RAND?
    RAND is one of many nonprofit (non-taxpaying) institutions known as a “Think Tank”.
    What’s a think tank?
    It’s like a big corporation where people actually get paid to think.
    Who is paying them to do all this thinking?
    You and I are. The government pays RAND with our tax dollars to think about our nation’s problems. Then, when RAND is done thinking, they give a report to the government that tells the government what they should do about the problem.
    What kinds of problems are we paying RAND to think about?
    Since 1948, we’ve been paying RAND to think about child welfare, the justice system, education, our nation’s drug policy, national security, social welfare, just about everything, actually.
    But those problems seem to have gotten much worse since 1948, when we started paying RAND to think about them.
    How much does the government pay RAND to think?
    In the year 2000, we paid RAND over $140 million dollars.
    Who is involved with RAND?
    The RAND Board of Trustees includes representatives from the media, Wall Street, big corporate law firms, leaders from the medical, defense, real estate, and auto industries, along with the officers of a few other think tanks, and a university professor or two.
    How does RAND affect the War on Terror? Who are we paying to think about the situation in the Middle East?
    At the time of the September 11 attacks, it was former Defense Secretary Frank Carlucci. He was on the RAND Board of Trustees and was also the co-chair of the RAND Center for Middle East Public Policy Advisory Board.
    But wasn’t he also the chairman of The Carlyle Group, a defense contractor with ties to the Saudi Royal Family and the Bin Ladens?
    That’s right. At the time of the 9/11 attacks he was the head of a $13 billion dollar private firm that invests people’s pension funds in companies that make money when our nation is at war. The Carlyle Group stands to make many billions of dollars from the War on Terror.
    So, someone we’re paying to tell us what to do in the Middle East is a person who stands to get rich from increased military spending?
    That’s right. But Frank Carlucci isn’t the only one making decisions about the war who will be making a fortune from Carlyle Group money.
    President Bush also stands to make a fortune. His father is a Senior Advisor in The Carlyle Group, and he gets paid in Carlyle shares that just keep going up in value. George Bush, Sr. recently visited Saudi Arabia twice and met with the Saudi royals and the Bin Laden family. The Bin Ladens and the Bushes have been doing business together for a very long time.
    http://www.hereinreality.com/news/rand.html

  27. moryah4 Says:

    FEDS PROBING CARLYLE GROUP’S PAYMENTS TO RNC

    NewsMax.com Wires
    Wednesday, Aug. 10, 2005

    CHICAGO — Federal prosecutors investigating corruption at a state pension fund have subpoenaed records concerning $4.5 million in fees a Washington-based investment firm is paying the new treasurer of the Republican National Committee, government sources confirmed Tuesday.
    The subpoena calls for documents related to the fund, the Carlyle Group and Robert Kjellander, said sources familiar with the investigation who spoke only on condition of anonymity, saying prosecutors want details of the probe kept secret.
    Kjellander, a lobbyist who headed President Bush’s re-election campaign in three states, was named the RNC’s treasurer over the weekend.
    Illinois Teachers Retirement System officials expressed concern about the amount of finders fees Carlyle offered Kjellander for helping to land business with the pension fund - $3.1 million paid and $1.4 million due.
    “I believe that we were all taken aback when we learned of the size of his compensation for services to the Carlyle Group,” said Jon Bauman, executive director of the pension fund.
    He said the amount would not be unusual if paid to a major firm but is extraordinary for a small operation.
    Neither the Carlyle Group nor Kjellander and his Springfield Consulting Group have been accused of wrongdoing. Kjellander did not immediately return calls to his Springfield office Tuesday.
    The subpoena was part of an ongoing federal investigation of corruption involving the fund, which pays the pensions of retired teachers. A former fund trustee and two attorneys already are under indictment. One of the lawyers, Joseph Cari Jr., is a former finance chairman of the Democratic National Committee.
    Carlyle spokesman Christopher Ullman said Kjellander’s fees aren’t unusual and the pension fund’s investment is simply smart business.

    http://archive.newsmax.com/archives/articles/2005/8/10/93657.shtml

  28. moryah4 Says:

    From The TimesOctober 30, 2007

    CARLYLE GROUP IN TALKS TO SELL 9.9% MANAGEMENT STAKE TO THE CHINESE

    Tom Bawden in New York
    Carlyle Group is in talks to sell up to 9.9 per cent of itself to China’s Social Security Fund in a move that would make it the latest American buyout firm to sell a stake in its management company to the Chinese.

    The talks, which began over the summer, emerged five months after Blackstone Group, a key rival, sold a 10 per cent stake in itself to the Chinese Government and floated on the New York Stock Exchange.

    Kohlberg Kravis Roberts (KKR), the private equity firm, and Och Ziff, the hedge fund, have also announced intentions to float. The hedge fund also announced plans yesterday to sell a 9.9 per cent stake to Dubai International, the investment firm controlled by Sheikh Mohammed bin Rashid al-Maktoum, for $1.26 billion (£611 million).

    The Social Security Fund, which has about $62 billion of assets, is thought to be keen to tap the vast profits that private equity firms have made in recent years and is said to have also spoken to other suitors.

    A deal with the Chinese fund would mark the third sale of a management stake by Carlyle. Previously it has sold small stakes to the California Public Employees’ Retirement System (Calpers) and the Mubadala arm of the Abu Dhabi Government.

    http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2767153.ece

  29. moryah4 Says:

    CARLYLE SELLS STAKES TO ABU DHABI

    By James Politi in New York

    Published: September 20 2007

    Carlyle agreed on Thursday to sell a 7.5 per cent stake in itself to an arm of Abu Dhabi’s government – the latest US private equity group to bring in a sovereign wealth fund as a big investor.
    Blackstone sold a near 10 per cent stake in its management company to the Chinese government in May. A different arm of the Abu Dhabi government bought a stake in Apollo Management in July. Selling stakes to international sovereign wealth funds has become a popular way for US buy-out groups to cash in on their booming businesses while expanding their influence in new markets. The Carlyle deal demonstrates that the credit squeeze has not halted such transactions.
    Mubadala, the arm of Abu Dhabi which has invested in sectors as diverse as Libyan oil exploration and Ferrari, the Italian motor company, is paying $1.35bn for the Carlyle stake.

    http://www.ft.com/cms/s/0/f9bae8ba-679e-11dc-8906-0000779fd2ac.html?nclick_check=1

  30. moryah4 Says:

    CARLYLE LEARNS BITTER CHINESE LESSON

    By Sundeep Tucker

    Published: July 23 2008

    If business schools are looking for fresh material to explain the idiosyncrasies of investing in China, they could do worse than cite the interminable saga of Carlyle Group’s three-year battle to invest in a mainland machinery maker.
    The story ended late in the Chinese night on Tuesday when the Shenzhen stock exchange was informed that Xugong Group Construction Machinery would no longer pursue an investment from the US private equity firm.
    Carlyle’s money and expertise had been waiting on the sidelines since the deal was made public, rashly, in October 2005, with a 556- word press release that only mentioned the fact that it required central government approval in the last sentence. No one expected the deal to struggle for approval. The deal announcement followed a transparent year-long auction, overseen by JPMorgan, and supported by the provincial government of Jiangsu.
    The mainland stock market was in the middle of another slump and state-owned Xugong, one of the country’s leading construction machinery makers, was desperate to expand overseas and to restructure.
    Carlyle had agreed to pay $375m for an 85 per cent stake, making it the largest ever announced private equity deal in China at the time. However, the deal quickly became a litmus test of China’s attitude to foreign investment, and central government ministries found themselves under pressure to block what nationalists derided as the sale of strategic assets at knock-down prices.
    The cheerleaders against the deal were led by Xiang Wenbo, chief executive of Sany Heavy Industry, Xugong’s smaller rival.
    He started an entertaining personal blog to lambast the deal – and used the web to reveal that the company wanted to bid for Xugong.
    “What Sany is doing is for itself and for the country, because manufacturing is a national strategic industry,” Mr Xiang wrote.
    Within weeks of the cyber warfare, Chinese authorities announced that big mainland equipment makers had to consult Beijing before selling stakes to overseas investors.
    Some analysts and dealmakers believe that the proposed investment also fell victim to the bilateral disagreements between the US and China over market access. US politicians had used repeated bilateral forums to lobby for the deal to be approved.
    In August 2006, central government ministries held an unprecedented gathering of top officials to try and break the impasse. Carlyle later twice scaled back its planned investment in an effort to secure approval, but even agreeing to a minority stake of 45 per cent failed to turn round the Beijing bureaucracy.
    For the past 12 months, the deal has been sitting in an in-tray in Beijing labelled “Too Difficult to Deal With”, and after months of inertia the sides this week finally plucked up the courage to publicly give up the pretence that it could be salvaged.

    http://www.ft.com/cms/s/0/76342814-58d2-11dd-a093-000077b07658.html

  31. moryah4 Says:

    ISRAEL’S SECRET WEAPON

    By BRUCE W. NELAN Monday, Jul. 21, 2008

    “CIA Director R. James Woolsey had just reported to a congressional committee in Washington that the value of Israel’s military sales to China over the past 10 years ”may be several billion dollars.”
    As early as December 1978,Israeli tycoon Shoul Eisenberg was in China sizing up business opportunities. According to a senior aide to Menachem Begin, Eisenberg paid a call on the then Prime Minister and said that he could use his influence to open China to Israeli goods — mostly military — if Begin would give him exclusive rights to all weapons deals. It was a time when China was looking for first-rate military technology that it could not obtain from the West. For its part, Israel was eager to reduce its defense costs by selling overseas and to increase its influence over a country that supported Israel’s Arab enemies. No other Israelis were doing business with China, so Begin, according to this aide, accepted Eisenberg’s offer. Eisenberg denies that Begin provided him with exclusive rights to arms-technology deals. . According to the Begin aide, Eisenberg bought the military technology from Israel’s defense industries and sold it to China for whatever he could get. Eisenberg’s office says he made only nominal commissions, but in parts of Asia he was known for the high profits he made on deals. In any case, says the Begin aide, ”he made a lot of money out of it, but he also helped the Israeli military industry.” Since 1979, Israeli security officials say, the country has sold China $3.5 billion worth of arms components and technology — not finished weapons, but parts and processes to improve China’s tank guns, armor and targeting systems, missiles, aircraft electronics and military computers, among other things. Though Eisenberg seldom talks to the press, he told an interviewer for Britain’s Financial Times last month, ”People think I am an arms dealer, but I only did it for Israel.”

  32. moryah4 Says:

    (From The book ‘”The Conspirators: Secrets of an Iran-Contra Insider “ by Al Martin)

    “This was particuraly true in the 1980s.And the more billions that US defense contactors could make surreptiously,the more millions of those billions would get donated into Republican coffers.
    There was still geopoltical interest in doing this ,but starting in 1981 that became increasingly skewed as the Chinese began giving more and more millions to the Republican National Committee.”

    Martin also mentions the traditional connection between the United States,the South Africans,the Israelis and the Pakistanis and how the United states the key provider of weapons and high technology sytems connected to them was using all of these allies to indiscretly circulate its wares to various countries like China indiscretly.

  33. moryah4 Says:

    HOW CHINA STEALS US MILITARY SECRETS

    By Simon Cooper
    Published in the August 2006 issue,Popular Mechanics Magazine.

    A spate of recent spying cases opens the lid on China’s aggressive military buildup. What’s most troubling: It is based largely on U.S. technology.

    http://www.popularmechanics.com/technology/military_law/3319656.html

  34. moryah4 Says:

    Ministers call for tougher scrutiny of arms deals

    Richard Norton-Taylor The Guardian, Thursday July 17 2008

    Despite an EU embargo on arms sales to China, the government approved more than £220m-worth of strategic exports to the country last year, including enriched uranium for China’s civil nuclear programme.

  35. moryah4 Says:

    IS THERE A CHINA - ISRAEL CONNECTION?

    Donn de Grand M, a retired Army colonel.

    Under a heading “High-powered Microwave weapons’ (Regnery Pub 1999) reported: ‘, the authors of Red Dragon Rising,
    High-powered microwave weapons (sometimes known as radio frequency weapons) which the PLA calls the ’superstars’ of warfare, represent the new armaments that may define twenty-first century warfare. These very dangerous weapons can jam electronic equipment by emitting an extremely powerful pulse of electromagnetic energy over a wide area, or their energy can be focused in a narrow beam for use against American satellites I or commercial airliners - Ed 1.
    In that startling and factual work, the authors highlight the exceptional efforts on the part of the PLA to acquire the latest hi-tech data from the United States, especially for the “superstars of radio frequency and electro-magnetic pulse weaponry.” In their chapter on “Targeting America”, the authors refer to a bipartisan Cox-Dicks Committee given the task to investigate “U.S. National Security and Military/Commercial concerns with the Peoples Republic of China”.
    They point out that the Clinton administration changed the export control regulations (Jan 1996) and that by the end of 1998 the PRC had 600 American super computers.
    In 1997-98 the Congressional Joint Economic Committee held hearings on “Radio Frequency Weapons and Proliferation: Potential Impact on the Economy”. Several experts appearing before the Committee warned that these weapons pose a distinct threat to the United States. It was revealed during the hearings that China (PLA) has had a high-powered microwave weapon program for 25 years under the direction of one of many Chinese students educated at Berkeley over the years.
    The key statement was that the PLA has access to American research — “through espionage”.
    Let’s fast-forward to 1999 and to a New York Times Op Ed piece by A. M. Rosenthal (22 Oct 1999), in which he described the long-secret arms deals between Israel and Red China He was the managing editor of the New York Times for 15 years prior to that article appearing and a dedicated supporter of Israel. However, as a result of that article, he was fired.
    The title of his Op Ed was “The Deadly Cargo”, and the lead sets the theme:
    More often now, the special cargo arrives in China from Israel — riles from Israeli military computers, crates with the makings of missiles and other weapons, and the men in the lab coats, the engineers and scientists who know how to put it all together…
    And now I see the Chinese minister of defense, who is one of the ranking Tiananmen killers, visits Israel. I read obsequious Israeli speeches praising him and his government…
    The two countries talk openly about bigger arms deals in the making. I learn that the Chinese have knit together Russian and Israeli specialties…
    The Russians are converting Ilyushin planes into the framework of U.S.-type flying command posts (AWACS) and will ship them to Israel…
    In an astounding interview by Tom Valentine (24 Oct 1999) on Radio Free America with Andrew St. George the two developed the emerging scandal of Israel’s secret arms deal with Red China. They referred to the Cox Committee hearings and stated that “unfortunately , the official Cox ‘investigation’ into China’s capture of American technology covered up Israel’s involvement.”
    Valentine stressed that the Reagan administration allowed the trade to escalate in the 1980s, with the help and encouragement of such officials as Richard Perle, Stephen Bryen, Fred Ickle and Paul Wolfowitz …”They were the kingpins of the Defense Department in the Reagan years.”
    In case you missed it, they are now back as key advisers to President Bush II; in fact, the leading war hawk pressing for our armed forces to go to war against the Muslim World is the Deputy Secretary of Defense, Paul Wolfowitz.

  36. moryah4 Says:

    ISRAEL ARMS EXPORTS

    ..This leads to the important role the US play for Israel’s arms exports: For many of its exports Israel needs at least tacit approval of the US, as America claims that many components are based on US designs or developed with US aid. Over the last decade.

    http://www.weltpolitik.net/Regionen/Naher%20u.%20Mittlerer%20Osten/Israel/Analysen/Israeli%20arms%20exports:%20still%20a%20means%20of%20quiet%20diplomacy%3F.html

  37. moryah4 Says:

    U.S. allowed Ethiopian arms deal with North Korea

    By Michael R. Gordon and Mark Mazzetti Published: April 7, 2007

    Washington: Three months after the United States successfully pressed the
    United Nations to impose strict sanctions on North Korea because of the
    country’s nuclear test, Bush administration officials allowed Ethiopia to
    complete a secret arms purchase from the North, in what appears to be a
    violation of the restrictions, according to senior American officials.
    The United States allowed the arms delivery to go through in January in part
    because Ethiopia was in the midst of a military offensive against Islamic
    militias inside Somalia, a campaign that aided the American policy of combating
    religious extremists in the Horn of Africa.
    American intelligence agencies in late January reported that an Ethiopian cargo
    ship that was probably carrying tank parts and other military equipment had
    left a North Korean port.

    The value of the shipment is unclear, but Ethiopia purchased $20 million worth
    of arms from North Korea in 2001, according to American estimates, a pattern
    that officials said had continued. The United States gives Ethiopia millions of
    dollars of foreign aid and some nonlethal military equipment.
    After a brief debate in Washington, the decision was made not to block the arms
    deal and to press Ethiopia not to make future purchases.

    http://www.mail-archive.com/cikeas@yahoogroups.com/msg00392.html

  38. moryah4 Says:

    (From The book ‘”The Conspirators: Secrets of an Iran-Contra Insider “ by Al Martin)

    In 1991-1992,at the very end of the Bush administration,technology and weapons transfer to China was ramped up again,which served Mr Bush well in terms of the amount of Chinese money that came into his 1992 presidential campaign.
    However this is not to say that the chinese dis not hedge their bets.They had traditionally given money to both parties for years through a variety of artifices .Before 1992,the bulk of political campaign contirbutions ahd always been given to the republicans.
    In 1992,even the Chinese sensed there was a shift coming.they made sure,for the very first time,that the Democratic national committee started to get six-figure Chinese political money.
    Fast forward to today(2001),that amount of money has increased.the policy of covertly arming China has not really changed.As larry Klayman at Judicial Watch is correct in pointing out,we are “Jappaning” China.And i wonder how amny Americans really understand what that means.What he is saying is that by allowing China ,ostensibly a hostile nation,to have “most favoured nation” status eith the United States regarding trade policies,we are allowing China to exercise a $3 to $4 billion a month trade deficit with the United states.
    Most of this trrade deficit is then used to purchase weapons,which are used to build thermonuclear weapons systems pointed at the United States.
    The long and the short of it is that the American citizen acting in his capacity as both a taxpayer and a citizen is essentially arming China to point weapons at the United States.

  39. moryah4 Says:

    May 31, 2007

    A new report from the US department of defense has raised concerns about China’s growing military powerhttp://en.wikipedia.org/wiki/armed_forces , particularly in regard to cyber-warfare preparations and an expanding counterspace program. The report to congress entitled “Military Power of the People’s Republic of China” asserts that whilst Beijing continues to focus its military preparednessEmergency-Kits-for-Business-Traveler on the Taiwan Straits, it appears to be shifting its attention to arenas that may pose a greater threat to the rest of the world.

    China’s much publicized (and successful) anti-satellite weapons test conducted against one of its own weather satellites in January this year is seen to “pose dangers to human space flight and puts at risk the assets of all space faring nations.” Furthermore, “China’s continued pursuit of area denial and anti-access strategies is expanding from the traditional land, air, and sea dimensions of the modern battlefield to include space and cyber-space”. Although there is “no evidence of a formal Chinese CNO (Computer Network Operations) doctrine”, concerns about electronic warfare are made very clear in the report. China’s CNO concepts are said to include computer network attack, defense and exploitation which are seen as crucial in achieving “electromagnetic dominance”. In effect this could be interpreted a a simple admission China is aware of the importance of controlling data and information networks in modern warfare just as the U.S certainly is.

    http://www.gizmag.com/go/7352/

  40. moryah4 Says:

    The People’s Liberation Army (PLA) is the unified military organization of all land, sea, and air forces of the People’s Republic of China. The PLA was established on August 1, 1927
    The PLA is the world’s largest military force, with approximately 3 million members (see List of countries by number of total troops), and has the world’s largest (active) standing army, with approximately 2.25 million members . The PLA comprises five main service branches consisting of the PLA Ground Force,PLA Navy (PLAN), PLA Air Force (PLAAF), Second Artillery Corps (strategic nuclear or missile force), and the PLA Reserved Force. The People’s Armed Police (PAP), a Chinese paramilitary force under the dual leadership of the Central Military Commission and the Ministry of Public Security, is sometimes confused as a branch of the PLA. (Both the PLA and the PAP are under the lead of Central Military Commission)
    Military service is compulsory, in theory, for all men who attain the age of 18; women may register for duty in the medical, veterinary, and other technical services. However, a draft has never been enforced due to large numbers of volunteers. Demobilized servicemen are carried in a ready reserve, which is reinforced by a standby reserve of veterans and by the militia…Troops around the country are stationed in seven military regions and more than 20 military districts.
    For the past 10 to 20 years, the PLA has acquired advanced weapons systems from Russia, including Sovremenny class destroyers, Sukhoi Su-27 and Sukhoi Su-30 aircraft, and Kilo-class diesel-electric submarines. It has also completed several new destroyers and frigates including 2 AAW Type 052C class guided missile destroyers. In addition, the PLA has attempted to build an indigenous aerospace and military industry with its production of the J-10 fighter aircraft. The PLA launched the new Jin class nuclear submarines on December 3, 2004 capable of launching nuclear warheads that could strike targets across the Pacific Ocean.

    http://en.wikipedia.org/wiki/Chinese_Red_Army

    The PLA is formally under the command of the Central Military Commission of the CCP

  41. moryah4 Says:

    The Chinese president ,Hu Jintao, is chairman of the state and party’s military Commissions.The military commander also commands the air,naval and civilian militia forces assigned to each region.
    Defense expenditure in 2005 totalled US$103,956m.(US$23 per capita) and represented 1.3% of GDP.Only the USA spent more on defence in 2005,but China’s defence expenditure totalled around a fifth of that of the U.S.A.In the period 2002-06 China’s expenditure on major conventioanl weapons was the highest in the world atUS$14.6bn.:its spending was the highest in the world in every year in the five-year period apart from 2003.In March 2007 it was announced that defence budget for the year would rise by 17.8%.
    Despite China’s official position,”Deadly Arsenals”,published by the Carnegie Endowment for International for International Peace,alleges that the Chinese government is secretly pursuing chemical and biological weapons programmes (a counter-threat counter to the large American-UK covert chemical and biological weapons programmes-(that operate out of such facilities as Porton Down in Wiltshire).

    (From “The Statesman’s Yearbook 2009-The Politics,Culture and economics of the World”) , by Barry Turner.

  42. moryah4 Says:

    (From The book ‘”The Conspirators: Secrets of an Iran-Contra Insider “ by Al Martin, 2001.)

    ” Look at the Republicans who are the most reticient in supporting a new and expanded probe into Chinese money for Chinese weapons,they are the very same Republicans of the old Bush group who were very close to the defense industry before and continue to derive much money from the defense industry.
    It struck me with some humour that the members of the Congressional Select Committee investigating this includes the second most senior Republican member .It’s none other than Congressman Porter Goss,who has the distindtion of having recieved more defense money from Loral and hughes Electronics than anyone else.
    So if anyone is looking for astounding revelations from the select committee ,or even the Defense Intelligence Oversight Committee ,which is also loaded with the Republicans close to the defence industry,I wouldn’t bet on it.There’s an ancillary pint to this,and it is that the Chinese hedging their bets.”

  43. moryah4 Says:

    (From The book ‘”The Conspirators: Secrets of an Iran-Contra Insider “ by Al Martin, 2001.)

    In a separate probe,there was a gentleman who was revealed to be acting as an intermediary,laundering Chinese government money to both recent Bush gubernatorial campaigns-both in Florida and Texas.
    It was also discovered how that money was being used by their campaigns,and then getting laundered back to republican National Comittee,principally through members of GOPAC.Itis exactly the same Chinese money route that existed in the 1980’s.Nothing has changed.
    the way the democrats are getting their money is almost exactly the same the way the republicans have gotten it.It just involves a different series of banks,once the money leaves the orient and gets to the United States.
    but more and more is going to come to,and more and more of it going to be provable because there was never a large effort to cover it up.
    The Clinton administration had begun to scramble,and you can tell this is getting closer to home.Republicans were also becoming increasingly concerned about previous liability.
    Why else would it be that Israeli,South African,and Brazilian so called “Agriculture trade Delgations” have all shown up at the Redstone Arsenal in Huntsville Alabama ?
    This military institution has nothing to do with agriculture.It’s the same old connection.It’s really the Israeli ,South African-Brazilian connection and that’s a separate issue.
    You may remember some of the comments in the media and the little scandal that had been created by the revelations of George Bush Sr.,and George jnr.,and Jeb and Neil’s connections with a certain Brazilian named Amar Pintos Ramos,who was heavily in the Brazilian nuclear program and how nuclear materials left Brazil and went elsewhere.That’s a whole different sub-connection .
    However,the only reason I happen to mention it is because of all the South Americans that showed up at these trade delegations.
    Simply look who the people were from the past.It isn’t hard to understand what the probable text of the discussions was.
    This was caled a”cover your ass” meeting which involved Israeli,South African and some South Americans,as well as some senior military officers,mostly two-and three star generals,who go their initial apponntments(their initial stars) in the Reagan-Bush administration.
    What’s going on in Huntsville now is essentially a Republican effort to cover yor ass at the source.
    An interesting little double feature of this of the republican side is how they are making money three ways to Sunday on this thing.
    in 1991,the first people who set up export companies in the Soviet Union were all part of the old Bush Gang.
    Frank Carlucci and Dick Armitage set up an export company,Blackstone Investment Group,operating ostensibly for the CIA to purchase potentially wayward nuclear materials out of the Soviet Union.This also involved some technology that people aren’t aware of .
    The stuff was repackaged and then surreptiously sold back to China.
    In other words,how can you sell the same nuclear components and technologies five different times in ten years and keep selling them to the same parties back and forth ?
    It’s incredible.But as I’ve said you could write a separate book on this.

  44. moryah4 Says:

    Yes it’s easy to see how the East (specifically) have become as good (better?) at manipulating other countries than here ignomious western cousins and how the West is now being ‘played’ ‘big time’.
    But it is how China manipulates the ‘free will ‘ of it’s own people that is starting to leave our governments for dead:

    (Quote):Julien Pain from ‘Reporters Without Borders’:

    “Surveillance is much easier in cyberspace than in the real world “.

    CHINA’S TIGHT REIN ON ONLINE GROWTH

    By Mark Ward
    Technology Correspondent, BBC News website

    In less than 10 years China has gone from a net newcomer to the country with the world’s second-largest online population.
    The first international internet data from China started travelling across the net in 1994, yet now the country has more than 100m net users
    That puts its second only to the US with its 185m web users. But China looks set to pass that within a few years - especially when you consider that China’s net users represent barely 8% of its population.
    If Chinese net use grows to the levels seen in many Western nations, it could end up with 750m people regularly going online.
    But currently the experience of the average Chinese net user differs greatly from that of many in the West.

    Different experience

    Part of the net’s allure to Western users is the sense of freedom it gives them to look at, read, and say almost anything they want.
    By contrast, Chinese net use is much more circumscribed.
    Much has been made of the so-called Great Firewall of China that censors what people see using technology built in to the country’s basic net infrastructure.
    The Chinese authorities have used several methods to “sanitise” what people see online, according to a report from US firm Dynamic Internet Technologies, which watches net use in the country.
    On the most basic level, the firewall blocks net addresses hosting webpages that the authorities would rather people did not see. Anyone trying to visit these pages gets told that the page cannot be found or does not exist.
    More sophisticated firewall technology spots when people are searching the web for particular words and hijacks their session to stop them getting the information.
    Also China has changed its core net address books, known as Domain Name Servers, which tell a user’s computer where to find a particular webpage on the net.
    The sites blocked by these techniques include the many dealing with taboo subjects such as Tibet and Falun Gong as well as the BBC News website, search engine Google, sex sites such as Playboy and many blogs.
    There is also an entire department of the police force that patrols online..

    Jail time

    …Net cafes have to abide by a strict series of guidelines that govern where they can be sited, what services they can offer and how they must monitor what customers do.
    Those that do not comply are shut down. In 2004, more than 47,000 net cafes were shut for breaking these laws.

    Read more…

    http://news.bbc.co.uk/1/hi/technology/4327067.stm

    http://news.bbc.co.uk/1/hi/technology/4327067.stm

  45. moryah4 Says:

    BIG BROTHER CHINESE-STYLE.

    “China photographs all internet cafe customers”

    Jane Macartney in Beijing | October 17, 2008

    ALL visitors to internet cafés in Beijing will be required to have their photographs taken in a stringent new control on the public use of cyberspace.
    Hopes that the Olympic Games would usher in a relaxed approach to the internet had already been hit hard when the “Great Firewall of China” — the blocking of websites deemed subversive — was reimposed not long after foreign reporters left the country.
    The temporary lifting of the firewall applied to only a few sites and Chinese citizens experienced few changes.
    According to the latest rules, by mid-December all internet cafés in the main 14 city districts must install cameras to record the identities of their web surfers, who must by law be 18 or over. There are more than 250 million internet users in China, approximately 10 times more than there were in 2000.
    It has been several years since internet cafés were required to register users to ensure that customers were not under age.
    All photographs and scanned identity cards will be entered into a city-wide database run by the Cultural Law Enforcement Taskforce.

    http://www.theaustralian.news.com.au/story/0,25197,24510571-2703,00.html

  46. moryah4 Says:

    This novel was written in 1997 by Humphrey Hawksley and Simon Holberton (who as it turns out are the same guy0Holberton is Hawksley’s pseudonym which makes this book even more astounding becuas it accurately predcts the way certain Chinese government officials would manipulate the world stock markets for their gain and the possibilty how how this could destabilze the world financial markets.
    This is a whole chapter in the book whill appear as several installments in this section :

    (From “Dragon Strike: The Millennium War ” chapter titled ‘BRIEFING
    China’s financial war aims’

    [General Zhao Yi was a man in his late fifties,thin and true to his
    southern Chinese origins quite short.He was the Senior General in charge
    of the General Staff Department(GSD) and he planned to finance
    Dragonstrike by manipulating the world’s financial markets.He had a
    remarkable career in the PLA.In an institution noted for its
    conservatism,his rise to eminence,after entering the services at the unusually late age of thirty-three,marked him as a special man.Like many of his generation
    ,including President Wang Fung,he was born in Yan’an,although following
    Chinese tradition his official native place,his ancestral home,was given
    as Shunde,in the Pearl River delta of Guangdong province.His father
    Zhao Ping had survived the Long March and worked closely with Mao Zedong.In
    Beijing after the Revolution the family prospered.He was made a marshal of
    the PLA;the family lived in a villa in Zhongnanhai.Zhao grew up playing
    and going to school with the sons and daughters of Liu Shaoqi,Peng
    Zhen,and Deng Xiaoping.His life of privilege came to a sudden end in 1967 as
    the Great Proletarian Cultural Revolution turned the world upside-down for
    China’s 800 million subjects.Red Guard publications denounced Zhao for
    living a privileged life.He learned horse riding and motorcycling-pastimes
    beyond the reach of average people.At the time of his denunciation he was studying at beijing University.At the beginning of 1967 he lost touch with his father and mother and mother and two younger brothers.He was not to see his mother until 1971,three years after his fathers death.during these ‘lost years’ Zhao lived the life of a fugitive.he made his way to Guangdong and under an assumed name ,worked on a sip sailing the Pearl River.His family in shunde lent him some protection,but he was eventually caught and confined to a youth dention centre.And there he might have languished for many years but for the efforts of of Zhou Enlai,the Chinese Premier and Moa’s Lord Chamberlain.Zhou sought out Zhao nd lent him some protection.that was in 1973 zhao’s Gneral staff department oversaw the PLA’s sprawling industrial and finacial enterprise,located within the GSD’s Equipment Department.Since ancient Imperial times the military in China had been required to feed and clothe itself.But the PLA under late Communism had taken extraordinary lengths.The military was in evry form of industirla and financial enterprise known to man-engineering,pharmaceuticals,ship building,aviaition,satellite launches,vehicle manufacture,stockbroking,and banking.profits from these comapnies were meant to supplement the budget of the PLA.And they didThey had proved vital in buying many of the miltary’s most prized assets ,such as the Russian’Sovremenny’class frigate ‘Vazhny’,and in funding the ongoing cooperation between China and russia in military aviation .The General Staff Department was Zghao’s home.he had spent all his career with it and had a reputation as being one of the cleverest finaciers in the miltary-the result,his collegues noted,of natural Cantonese cleverness with money,honed by having to live his early life on the run.From the outset of inner discussions about Dragonstrike Zhao had determined that his role would be to make moneyfor the PLA.He knew that knowing in advance when China would strike Vietnam and seize the South China Sea gave him an enormous advantage in global financial markets.It was an operation that would need clearance from the highest level becuase it was not without risk.It would also need meticulous planning which would have to be kept totally secret.General Zhao’s first meeting with the President took place six weeks before Dragonstrike was launched .Then he had explained to the President how financial markets were driven by information and how investors were like herds of cattle on stampede-rushing this way then that,but always staying close together.Information was the key.A correct buy or sell placed before news of Dragonstrike broke could net an investor many millions in overnight profits.
    ‘Your idea is an excellent one,Genral,’the President said.’How much do we need? $50 billion?’
    ‘No, sir,that would be far too much.To make the money I think we are able to amke we need to keep our counterparts solvent.$50 billion runs the risk of ruining too many securities comapnies.
    Remember Barings?’
    ‘Barings?’ The President frowned.
    ‘Nearly ten years agao a pillar of the British finacial establishment collapsed,after losing nearly 1 billion pounds(sterling).there was someone else,or a group of institutions,on the other side of those transactions who made 1 billion pounds(sterling).Finacial markets are zero sum,Mr President. Someone wins,someone loses.when we win,someone else will lose.But the global finacial sytem could not survive the loss of thirty Barings.
    It is not part of our war aim to bring down the world’s financial system.It would not be good for China.so,we have to be more modest in our aims.we also have to invest in markets where governments are mosta ctive-principally the foreign exchange market.The british government lost billions-and traders made it-in 1992 when it tried to keep sterling within the European Monetary system.the amount of profit we could make is still unclear,but I think we could finance a large portion of the cost of the war through some carefully planned deals.’
    The President accepted the General’s explanation and instructed him to proceed with detailed preparations.He also made sure that Zhao was kept informed of all developments relating to Dragonstrike.
    With approval obtained Zhao moved quickly.Foremost was a visit to Mr Damien
    Phillips ,Chairman of First China Securities ,a Hong Kong investment bank.First China had come to prominence at the fag end of Britain’s rule.It was founded by the son of a City of london financier and the son of a rice farmer-the very model of Anglo-Chinese cooperation .Phillips had seen the likely shape of the future well before most.He culivated the local chinese tycoons;they liked the attentions of an upper-class englishman.When it came time to found First china he had a supportive group of local and mainland chinese business men willing to stump up the necessary capital to get the business going.That was in the late 1980s and First China had never looked back.Phillips moved deeper into the Chinese community on both sides of the border.It was on one of his many trips to Beijing before the formal 1997 handover of Hong kong to china that he met Zhao.Phillips was making a pitch-he hated the term,preferring presentation-to multitechnologies,the PLA’s leading arms trader and emrging domestic conglomerate;Zhao was its president .Phillips was explaining how,with the judicious use of offshore business structures,efficient,and anonymous ,trading of currencies coulod be executed.The genral had been impressed enough to risk some of the Multitechnologies’ hard-earned money playing the markets.phillip’s stratagems proved in practice as good as they sounded.a relationship germinated.in the ensuing years Phillips saw to it that the relationship blossomed.he paid regular calls on the genral,gave lavish parties for himin Hong kong,and was always careful to leave him with a sure-fire investment tip-for himself,or his company-whenever they met.Slowly business grew.when Multitechnologies decided it wanted to base its international activities in Hong kong,First china found a Hong Kong Stock exchange quoted company it could buy.When Multitech(Hong Kong)holdings wanted to raise capital it was First China that drew up the prospectus and introduced the company to the big pension funds,mutual funds,and unit trusts.And first china wrote research on the company for foriegn investors.soon multi-Tech(Hong Kong)had a modest following among US European investors.
    General Zhao arrived in hong Kong five and a half weeks before Dragonstrike was launched.He netered as a civilian.phillips sent his car to meet him at the airport.instead of a meeting at first china’s car to meet him at the airport.instead of a meeeting at first china’s downtown headquarters in central district on Hong Kong Island,the genral was driven to phillip’s house on the Peak.It was set well back from the road and was overlooked by no one.phillips was there to welcome the Genral personally.
    ‘I’m sorry I couldn’t be at the airport tp meet you,’Phillips said with ritualistic politeness,’but you sid in your fax that you did not want attention drawn to your visit.anyway,welcome and how are things in Beijing?’
    ‘Cold,’General Zhao said,somewhat stiffly.’I don’t have much time.As you know I’m returning to Beijing tonight.Shall we get down to business?We at Multitechnologies have decided to broaden our involvement in financial markets.we have decided that we want to trade currencies and oil and that we want you to be our agent.It is vital Damien,that we and China are in no way connected to the activities.I am about to commission you to execute on our behalf.Do you understand…?’
    ‘Completely.’
    ‘Good,well let’s move on,then,’he said.
    General Zhao proceeded to outline to Phillips Multitechnologies’plan to play the foreign exchange and oil future markets.he gave him a list of international banks-mostly second and third-line institutions keen to increase their involvement in foreign exchange-with whom he would parcel out his currency trades.his purpose was to accumulate US dollars and Japanese yen.To buy dollars he had to sell another currency,and he wanted First China to borrow yen and sell them for dollars.Phillips thought that although the yen had not been particurarly strong lately it would fall sharply so that when the time came to pay back the loan in yen - either prematurely or at maturity-the price of the yen would have fallen to well below the initial purchase price…

  47. moryah4 Says:

    (continued)… This is preciselywhat the General appeared to believe.However,he could not be seen doing it .Therefore if on any given day he bought $100 million through one bank ,he should sell $20 million through another.His net accumaulation would be anither $80 million,but the market would see him as trader,as a buyer and seller.When Phillips questioned the investment strategy all the General said was that First China was to have accumulated by mid-February debts- known as ‘yen-shorts’ -between $1.5 billion and $2 billion in yen-short positions.With the yen trading around 120 yen to the dollar,these debts should amount to around 240 billion yen.
    Similarly,though on a smaller scale,First China was to build up a lage position in the oil futures markets in London and new york.In the jargon of the finacial markets the General wanted First china to go ‘long’ of the doallr and oil and ’short’ of the yen.The oil trade would ,however,have to be for much smaller amounts.though the markets were large they were purely private markets with litle overt government interference.Zhao said he did not want to get involved in problems of counterpart risk.’The whole operation would be blown aprt if we try to collect on a deal and find we have bankrupted Morgan stanley,’he said,adding with a rare note of levity,’as pleasurable as such an outcome might be’
    Having explained the prupose of the transactions Zhao than told him how he wanted First China to account for the trades .This entailed parking the proceeds of all transactionsin comapnies registered in the British Virgin islands(BVI).There were seven banks he was authorized to deal with,but there were fouteeen BVI comapnies for currency trades.
    This was to enable the segregation of purchases and sales of forein currency with each bank ,and meant that transactions could be ring-fenced if the prying eyes of regulators should spot something unusual.If one of the banks asked First China who its client was first china could truthfully answer that it was acting for a private investor operating out of the BVI with a company called Bright future,or the like.If a regulator got wind of something and wanted to freeze assets the fallout would be limited to one company .The oil futures trade would be held in one BVI comapny,although First china would trade in its own name on the International Petroleum Exchange in London.
    As General Zhao sat down on the first morning of Dragonstrike he was in expansive mood.He explained to the President in meticulous detail his conatcts with First china and the trades they had been making with the banks over the previous four weeks.He opened the satchel that was resting on his lap and produced a samll stack of spreadsheets.these showed each British Virgin Isladns comapny and the size of its postion against the yen.Over the period First china had been able to build up for Multitechnologies a short position in the yen of some 248 billion yen.Multitechnologies would make big money if the yen weakened to around 150yen -160yen to the dollar.Phillips had accumulated yen at an average cost to Multitechnologies of 124yen.It was currently trading around 125 yen to the dollar.
    ‘Did anyone detect us?’said Zhao.’There was a speculative report over the Bloomberg financial wire about First China.Their activity in the foreign exchange market in London had been noted.But Phillips handled it well.the overall operation went without incident.Sir,it is worth remembering that average daily turnover of foriegn excahnge is $1.2 trillion.In Tokyo alone the dollr/yen and dollr/euro trades are nearly $20 billion.So our activity,especially as we’re buyer and seller,largely went unnoticed.’
    ‘Profits?’the President murmured.
    ‘We think the yen could fall by 20 per cent or more during the course of this conflict,’Zhao said.’That’s a 45 billion yen profit when we close the short postion.But it’s a conservative estimate;the yen could go a lot furthewr,given the Japanese hypersensitivity about oil.
    The beauty of the deal for us is that when the yen begins to fall we will be one of the only buyers of yen in the market.It won’t be at all difficult fro us to cover our positions.
    ‘Similarly in the ol market.We have nearly 20 per cent of the April futures contract.When the oil price begins to rise-as I think it will-we stand to do very well indeed.’

    Looking at this type of strategy and coupling it with large amounts of ’source unidentified’ money being moved in and out of China i.e.:

    Australian Financial Review
    Colleen Ryan
    (16-10-2008)

    Hot money is flowing out of China as one of the best one-way bets on gloabl markets,a punt on a rise in the value of the yuan,has gone into reverse.
    China’s foreign exchange reserve numbers,which show an increase in reserves to a record $US1.9 trillion ($2.7trillion Aust.),also include unexplained outflows of $US13billion in september and atotal of$1.5billion for the third quarter.
    This is a dramatic change from the first half of this year,when$US162 billion in unexplained funds flowed into the country.
    Unexplained funds are those funds that can’t be accounted for through trade flows,foreign investments and returns on investments.The latest numbers suggest that “footloose” capital is now heading for the exits,” says Stephen Green,an economist with Standard Chartered who has been closely tracking fund flows fro the past two years.”

    …it makes you aware that the Doc is right China has played a big part in the world’s and principally the western world’s latest major financial demise.And how much has been hidden by strategies like the one mentioned above in Hawksley’s book ‘Dragonstrike’ ?

  48. moryah4 Says:

    Dalai Lama Says He Has Given up on China Talks
    The Dalai Lama has said that he has lost faith in the negotiations with China over Tibet’s status, and will not participate any further. According to AP, he told a public gathering in Dharamsala:
    “I have been sincerely pursuing the middle way approach in dealing with China for a long time now but there hasn’t been any positive response from the Chinese side,” he said in Tibetan at a public function Saturday in Dharmsala, the north Indian town that is home to Tibet’s government-in-exile.
    “As far as I’m concerned I have given up,” he said in an unusually blunt statement.
    “The issue of Tibet is not the issue of the Dalai Lama alone. It is the issue of 6 million Tibetans. I have asked the Tibetan government-in-exile, as a true democracy in exile, to decide in consultation with the Tibetan people the future course of action,” the Dalai Lama said.

    http://chinadigitaltimes.net/cat/main/economy/

  49. moryah4 Says:

    Chinese Press Controls and Food Safety

    According to the Economist, although the Chinese government has recently announced increased press freedoms, the Propaganda Department still controls news over food safety.

    Journalists had to be mindful of long-standing, but mostly secret, orders from the Propaganda Department about reporting food-safety issues. The Economist has seen a directive issued by a provincial propaganda bureau. Circulated in January 2005, it bans the media from naming any suspect food product until a “clear verdict” has been reached by the authorities. There are to be no exposés of safety problems concerning famous Chinese food brands or food products for export without official approval. For imported food, approval must come from Beijing. If it causes poisoning, only Xinhua, the official news agency, may break the news and even its reports must be approved by the Propaganda Department and the foreign ministry.

    In related news, there have been several Chinese product safety issues over the past week. Malaysia has lifted its blanket ban on Chinese-produced amonium bicarbonate. This baking agent had earlier been banned due to high levels of melamine, which was found in amonium bicarbonate produced by three Chinese companies. The products of these companies are still banned from import. (For more information, see CDT’s previous post.)

    Meanwhile, melamine was also recently found in Chinese egg products in South Korea. Five products were effected. The South Korean Agriculture Ministry has banned the further import of the product and is taking steps to destory the rest.

    Finally, in related news, Chinese skin cream has been recalled after being discovered to contain a dangerous steroid hormone:

    http://chinadigitaltimes.net/cat/main/economy/

  50. moryah4 Says:

    Squaring up to gloabal conditions

    Colleen Ryan
    (Shanghai)
    (21 October 2008)

    [..China has officially placed itself on the list of victims of the global financial crisis.But is unlikely to win sympathy-9 per cent economic growth for the quarter would be a godsend for any other economy.
    And china is better palced than most to guide its economy through the next few tough years.
    As CLSA economist points out,there is no loss of confidence in the finacial system,there are no severe liquidity problems and no risk of banking insolvency.China has low level of external debt and minor exposure to foreign mortgage-related investments.It has the capacity to loosen monetary policy ,it has kept interest rates relatively high over the past year and infaltion is easing.]

    What about the fact they China after slowing down its steel production and other commodities can now control import pricing,as they have been refusing spot pricing on imports and altering prices on each shipment etc.?
    Life gets better all round for China all round.

  51. moryah4 Says:

    Note how China’s reforms as mentioned in that excerpt I included from the book “Dragonstrike” are not so much helping the world economy at large but more themselves,the PLA etc.
    Of course there are token gestures to the world money markets billions here and there .But things such as the national railway bolstering reform is the same process as depicted in “Dragon Strike”.Is is also owned by the PLA genrating more money for armament purchases.
    see if you can match up the pieces with this article.

    Investors spur railway reform
    Submitted by CIW on Mon, 06/18/2007 - 21:25. Industrials
    The China United International Rail Containers Co was formally set up May 31, 2007, marking the opening up of the railway industry. [Xinhua]

    The Ministry of Railways announced yesterday that it had found five overseas firms to invest in 18 railway container-distribution centers in China, representing a major step forward for the financial reform of the country’s railway sector.

    The ministry also announced the formation of China United International Rail Container Co Ltd, which is to build and operate the 18 centers. The centers will be located in regional economic centers throughout the country.

    China Railway Container Transport Corp Ltd, an affiliate of the ministry, will be the biggest shareholder in the new firm, with a 34 percent stake. China International Marine Containers (Group) Co Ltd will hold 10 percent.

    As far as the overseas firms, the Hong Kong-listed NWS Service Management Ltd will hold a 22 percent stake, while Hong Kong Promisky Investment Ltd will hold 10 percent.

    The Israel-based Zim Integrated Shipping Services Company, France-based CMA CGM Group and Germany-based Deutsche Bahn AG will each take 8 percent stakes.

    Ministry spokesman Wang Yongping described the establishment of the joint venture as “a milestone in the history of China’s railway development”.

    “It also fully reflects our resolve to accelerate the financial reform of the railway sector,” Wang said.

    An initial assessment of the plan to build the 18 centers forecast investments worth at least 12 billion yuan ($1.60 billion). The company will have $560 million in registered capital, or about 35 percent of the total investment.

    The ministry said it hoped having overseas investors on board would help introduce new management concepts and sharpen railways’ competitiveness in the container transport market.

    The ministry has been seeking foreign investment since last year.

    Railways Minister Liu Zhijun told a national conference earlier this year that local governments, State-owned and private enterprises, social investment institutions and overseas funds were all welcome to invest in the railways.

    http://chinainvestmentwatch.com/node/11

  52. moryah4 Says:

    CHINA RAISE DISSENT AGAINST THE U.S. THROUGH THEIR OWN MEDIA.THE ICING ON THEIR PLAN?-Putting the nails in the coffin of the U.S.’s financial destruction?

    Article:

    “U.S. has plundered world wealth with dollar”

    Reuters
    (October 24, 2008)

    The United States has plundered global wealth by exploiting the dollar’s dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday.
    The front-page commentary in the overseas edition of the People’s Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.
    A meeting between Asian and European leaders, starting on Friday in Beijing, presented the perfect opportunity to begin building a new international financial order, the newspaper said.
    The People’s Daily is the official newspaper of China’s ruling Communist Party. The Chinese-language overseas edition is a small circulation offshoot of the main paper.
    Its pronouncements do not necessarily directly voice leadership views. But the commentary, as well as recent comments, amount to a growing chorus of Chinese disdain for Washington’s economic policies and global financial dominance in the wake of the credit crisis.
    “The grim reality has led people, amidst the panic, to realize that the United States has used the U.S. dollar’s hegemony to plunder the world’s wealth,” said the commentator, Shi Jianxun, a professor at Shanghai’s Tongji University.
    Shi, who has before been strident in his criticism of the U.S., said other countries had lost vast amounts of wealth because of the financial crisis, while Washington’s sole concern had been protecting its own interests.
    “The U.S. dollar is losing people’s confidence. The world, acting democratically and lawfully through a global financial organization, urgently needs to change the international monetary system based on U.S. global economic leadership and U.S. dollar dominance,” he wrote.
    Shi suggested that all trade between Europe and Asia should be settled in euros, pounds, yen and yuan, though he did not explain how the Chinese currency could play such a role since it is not convertible on the capital account.
    A two-day Asia-Europe Meeting (ASEM) of 27 EU member states and 16 Asian countries was set to open on Friday. Though few analysts expect much in the way of concrete agreements, Shi said it could prove momentous.
    “How can Europe and Asia grasp each other’s hands and together confront the once-in-a-century global financial crisis sparked by the U.S.; how can they construct a new equitable and safe international financial order?” he said.
    “The world is waiting for this Asian-European meeting to achieve big results in financial cooperation.”

    (Reporting by Simon Rabinovitch; Editing by Ken Wills)
    http://www.reuters.com/article/email/idUSTRE49N1XX20081024

  53. moryah4 Says:

    IRAN OFFICIAL CALLS FOR ATTACK ON UK

    Jonny Paul – Jerusalem Post October 26, 2008

    Fearing a US strike on Iran during President George W. Bush’s last months in office, a senior Iranian official has suggested the Islamic regime should target London to deter such an attack.
    In an article on the Iranian Web site Aftab last week - translated by the Washington-based Middle East Media Research Institute - the head of the Europe and US Department in the Iranian Foreign Ministry, Wahid Karimi, said that an attack on London would deter the US from attacking Teheran.
    “The most appropriate means of deterrence that Iran has, in addition to a retaliatory operation in the [Gulf] region, is to take action against London,” Karimi said.
    In the article, the Iranian official said that an attack might also stem from the fact that presidents in their second terms are “usually adventuresome.”
    Citing some examples he said: “US presidents are usually adventuresome in their second terms… [Richard] Nixon, disgraced by the Watergate scandal; [Ronald] Reagan, with the ‘Irangate’ adventure; [and Bill] Clinton, with Monica Lewinsky - and perhaps George Bush, the sitting president, will create a scandal connected to Iran’s legitimate nuclear activity so as not to be left behind.”
    He speculated that a US attack on Iran could come between next month’s presidential election and when the new president enters office in January 2009.
    “In the worst-case scenario, George Bush may perhaps persuade the president-elect to carry out an ill-conceived operation against Iran, prior to January 20, 2009 - that is, before the regime is handed over and he ends his presence in the White House. The next president of the US will have to deal with the consequences,” he warned.
    Admitting that previous Iranian warnings to paralyze “the Jerusalem-occupying regime” to deter “American adventurism” has not worked, Karimi said that “the most appropriate means of deterrence” for Iran would be to attack London.
    “If we agree that such a scenario - with America, England and Israel at its center - is conceivable, then it would seem that the most appropriate means of deterrence that Iran has, in addition to a retaliatory operation in the [Gulf] region, is to take action against London. Experience proves that the [part played] by politicians in Tel Aviv and in London, in the [fanning of the] flames against Iran and in the urging of America to strike Iran, is no less than [the part played] by Bush,” he said.

    http://www.jpost.com/servlet/Satellite?cid=1222017624184&pagename=JPost%2FJPArticle%2FShowFull

  54. moryah4 Says:

    Voice of the White House October 24, 2008
    TBR News – October 24, 2008

    “The recent story, extensively suppressed, is the one about the Iranian ship apprehended by Somali pirates last August, en route via the Suez Canal, to Israeli ports. This ship, packed full of radioactive waste hidden in lead-lined cargo containers, was taken over by the U.S. Navy and a curtain of silence has descended. It was disclosed at the time that the radioactive waste was put on the ship in Nanjing, a Chinese port, and that the waste came from several Chinese nuclear energy facilities. No one has questioned the accuracy of this so the question remains as to why our government has not publicly chastised the Chinese for contributing to what was obviously meant to be a terrorist attack by Iran on Israel? Also, there has been uncharacteristic silence from Israel itself. Always eager to shout to the world the perfidy of Iran, Israel is now as quiet as Washington on this subject. Neither Iran, who planned the operation, nor China who supplied the deadly cargo, have heard even a word in print in condemnation of their actions. The Chinese, of course, hold huge amounts of U.S. Treasury debt and have privately threatened to dump this if they are annoyed by American, either by the Tibet problems or other matters, such as the atomic waste one. For all of its bluster and conniving, the Bush people are basic cowards. They can’t threaten anyone, either China or an increasingly active Putin, with military action because the Bush people have ruined our military and are now losing very heavily in Afghanistan and Iraq. And with the elections imminent, the frantic Republicans are doing everything they can to keep these disasters, and potential disasters, as far away from the American voters as they possibly can. While they aren’t happy about it, they would rather the mindless American media yap about Sarah Palin’s $150,000 new dress bills and keep as far away from really serious international issues such as the Iranian dirty bomb ship or Chinese collusion in it.”

    http://www.tbrnews.org/Archives/a2886.htm

  55. moryah4 Says:

    OECD report ranks US third worst in inequality and poverty

    Patrick O’Connor – WSWS
    ( October 22, 200, 2008)

    A report issued yesterday by the Paris-based Organisation for Economic Co-operation and Development (OECD) revealed the United States has the third worst level of income inequality and poverty among the group’s 30 member states. Only Mexico and Turkey ranked higher in those categories.

    http://www.wsws.org/articles/2008/oct2008/oecd-o22.shtml

  56. moryah4 Says:

    Financial meltdown defuses military options on Iran
    Dan Williams – Reuters October 21, 2008

    The global financial crisis has eclipsed Western jitters over Iran’s nuclear program and may have put paid to the possibility of the United States or Israel resorting to preemptive military strikes.
    To bomb Iranian sites now, diplomats and analysts say, would risk triggering an even more intolerable tumult should Tehran choke off oil exports – something neither U.S. President George W. Bush nor his imminent successor looks likely to countenance.
    With the U.N. Security Council in stalemate after Russia and China balked at initiatives to pass a fourth round of sanctions against Iran, Western powers may be forced to focus on diplomatic engagement and economic incentives instead.
    That would leave Israel, which has vowed to deny Iran the means to threaten its existence, with a stark choice between launching unilateral attacks and being branded a warmonger or accepting the prospect of an arch-enemy with nuclear weaponry.
    “We have made it clear that an offensive option against Iran is not something we want contemplated at this time,” said a U.S. diplomat who has had extensive dealings with Israel.
    Some analysts suggest Israel could strike after the November 4 U.S. election but before Barack Obama or John McCain becomes president in January, to avoid alienating American voters while capitalizing on the parting largesse of the Bush White House.
    Yet there are already signals of a softening in Washington’s hard line on Iran, which insists its atomic ambitions are peaceful — for example, a State Department proposal to open an interests section in Tehran, perhaps as early as next month.

    http://www.reuters.com/article/newsOne/idUSTRE49K6Q920081021?sp=true

  57. moryah4 Says:

    There is linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York.
    The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn,Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914.
    These firms had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914. In 1914 a few families (blood or business related) owning controlling stock in existing banks (such as in New York City) caused those banks to purchase controlling shares in the Federal Reserve regional banks.
    Examination of the charts and text in the House Banking Committee Staff Report of August, 1976 and the current stockholders list of the 12 regional Federal Reserve Banks show this same family control.

    N.M. Rothschild , London - Bank of England
    ______________________________________
    …the program (Belgium Relief Commission) provisioned Germany from 1915-1918 and dissuaded Germany from seeking peace in 1916; financing Hitler in 1933 so as to make a Second World War possible; backing the Presidential campaign of Herbert Hoover ; and during the time of writing(during the Reagan administration) having two of its major executives of its subsidiary firm, Bechtel Corporation serving as Secretary of Defense and Secretary of State in the Reagan Administration.
    The head of the Bank of England since 1973, Sir Gordon Richardson, Governor of the Bank of England (controlled by the House of Rothschild) was chairman of J. Henry Schroder Wagg and Company of London from 1963-72, and director of J. Henry Schroder,New York and Schroder Banking Corporation,New York,as well as Lloyd’s Bank of London, and Rolls Royce.

    He maintains a residence on Sutton Place in New York City, and as head of “The London Connection,” can be said to be the single most influential banker in the world.

    http://www.conspiracyplanet.com/channel.cfm?channelid=114&contentid=5141&page=2

  58. moryah4 Says:

    The Biggest Secrets (Part 1) (continued)
    by SHERMAN SKOLNICK

    ..The purpose? To use this loot to pump up the Dow Jones 30 Industrials
    as a fake psychological barometer on the stock markets, to entice
    novices and know-nothings into believing the era of a “Great
    Prosperity” has arrived. In fact, the supposed good times are
    ending , in biblical fashion, for a decade or generation, or
    more.
    In the process of all this, the Federal Reserve has become
    technically if not actually insolvent. While at it, the Fed has
    unlawfully sucked out huge sums from the Social Security Trust Fund,
    thus endangering senior citizens, those about to be such, disabled
    workers and dependent children of deceased or disabled workers.
    To recoup their losses, the Fed has now switched positions and is
    short-selling, without obeying short-selling restrictions, to drive
    DOWN the markets.
    In short, this is the way historically the Establishment, the ruling
    families, the “powers that be”, the ultra rich—whatever you call
    them—many of them overseas-based, eventually grab up for a penny on
    the dollar, the bank deposits, the savings, the small real estate,
    the private and public pension funds, and other life-time-gathered
    and entitled assets of common Americans.

  59. moryah4 Says:

    WHAT HAPPENS WHEN GOVERNMENTS PANIC CREATING RESCUE PACKAGES IN RELATION TO THE GLOBAL MELTDOWN.

    When the Australian treasurer rushed through un unlimited guarantee bank deposits about $11billion has flowed out of mortage funds,mostly into high yielding term deposits that the federal Government guarantees.
    Thus Perpetual,Axa Asia Pacific and Challenger froze withdrawals across $8.3 billion of savings in mortage funds to stop a withdrawal of these motage funds.It had created an irresistable proposition for investors,who could now achieve a similar return on their money but with absolutley no risk to their capital .Clearly it made sense to switch.
    But ,as investors tried to withdraw their money,the fund managers started running out of cash becuase their capital is tied up in assets which take time to sell.So they’ve stopped or limited withdrawals to give them time to sell assets.The problem is they have to sell too many,it could leave too few assets in the fund fro the existing investors.
    In answer to the question to Morningstar funds analyst “Will I get my money back?”
    The answer ,”Probably.” would somehow not sit very well with me if I was ih the same boat.

  60. moryah4 Says:

    80% of australians have mandatory superannuation deposits which have alread lost 11.9% in the last quarter.
    When this superannuation was first developed by the previous Labor governmment’s treasurer Paul keating they had a choice to either invest the Australian people’s super in bonds or across the board on the stock market.They chose the latter.
    Now thr prediction is for Aussie super to dive 20%.As our retirement funds are sitting on the roulette wheel of the present world economy,a roulette wheeel that appears to be ‘rigged’.

  61. moryah4 Says:

    JAPAN SHARES HIT 26 YEAR LOW

    Japan’s Nikkei 225 stock index sank below the key 7000-point level today for the first time in 26 years, dropping 2.3 per cent in early trading on fears of a global recession.

    http://news.tradingcharts.com/futures/6/5/115578056.html

  62. moryah4 Says:

    Wall Street layoffs could surge past 200,000

    China Daily
    2008-10-24

    The fallout from this year’s global credit crisis has claimed jobs on all corners of Wall Street, from hedge fund managers to floor traders and beyond. More than 110,000 have lost their jobs so far this year, and some industry experts forecast it could come close to 200,000 before the year is over.

    Even the financial industry’s biggest name isn’t immune. Goldman Sachs Group Inc., the world’s biggest investment bank, made plans on Thursday to cut 3,200 positions from its staff of 32,000. Barclays Capital is in the midst of purging 3,000 jobs as part of its takeover of Lehman Brothers, and Bank of America Corp.’s acquisition of Merrill Lynch & Co. is sure to add thousands more.

    http://english.sina.com/business/p/2008/1023/193892.html

  63. moryah4 Says:

    Hungary stocks tumble after IMF rescue
    Ukraine to receive $16.5 billion

    http://www.marketwatch.com/news/story/hungary-stocks-tumble-after-imf/story.aspx?guid=%7B97336F9C-6B7A-4187-B7FD-6489C51E2C4E%7D&dist=msr_14

  64. moryah4 Says:

    With the mass of overseas imports that sustain western countries and the like,like my own (Australia) there is a price to pay,from our own side the quality of goods gets worse as budgets are tightened to enhance profits and on the Chinese side their workers are pushed to realistic standards tokeeep the booming economy rolling.
    Today another headset to my digital music player broke and I decided to have a look at the wiring that seemed to sho a loose connection to the earphones.
    I was amazed to see instead of a multiple strands of copper wire transmitting to the earpieces there were pieces of nylon string with barely a few fine copper filaments.Talk about cost cutting! And the brand was ‘Phillips’ too noy some unknown brand.
    What about the cost it as taken on the common Chinese worker ?
    I remember seeing an article o the cover on the front of the “Times” gazine a few years back describing how the Chinese mental asylums are stackedto the brim with people who had been pused over the edge.
    The following article ,”Brain Waves” was written five years ago.
    So what are conditions like there now I wonder ?

    BRAINWAVES

    The Edge of China’s Mental Health
    Posted by Zack Lynch

    Five of the ten leading causes of disability worldwide — major depression, schizophrenia, bipolar disorders, substance abuse and obsessive-compulsive disorders — are mental issues. These problems are as relevant in developing countries as they are in rich ones. And all predictions point towards a dramatic increase as evidenced by China’s soaring demand for psychiatric services (reported by Melinda Lui and Jen Lin-Liu in Shanghai):

    “China has only about 14,000 qualified psychiatrists…about the same number as France, with 60 million people—compared to China’s 1.3 billion…. China’s largest psychiatric facility, reports that its outpatient count has doubled in the past two years. Suicide—the leading cause of death for Chinese between the ages of 15 and 34—has reached an alarming pace, double the U.S. rate per capita (and impacts women more than men). Two million Chinese try to kill themselves annually…and China’s 750 or so state-run mental-health institutions can’t keep pace with the rising demand for their services.”

  65. moryah4 Says:

    WHEN PANIC ATTACKS.

    America is the most anxious country on the planet. So will I ever learn to live with my fear, racing heart and disaster scenarios?

    By Meredith Maran
    Anxiety disorder — a spectrum that includes panic, obsessive-compulsive disorder, post-traumatic stress, phobias and the catch-all, generalized anxiety disorder — is now the most prevalent mental health problem in the world.
    According to the most recent World Mental Health Survey, Americans are the most anxious humans on earth. Forty million of us — that’s 28.8 percent — suffer from the ailment that the National Institutes of Mental Health defines as “an excessive, irrational dread of everyday situations I call Dr. Leslie Rokoske, a psychiatrist at the Ross Center for Anxiety and Related Disorders in Washington, D.C., and ask her why.
    “It’s the pace of life,” she says. “Everyone’s very stressed out, trying to keep up.” Rokoske adds that she and her colleagues have noted an, um, surge in anxiety in response to 9/11 and the war in Iraq. “We had an attack on our own country, which is a collective trauma,” she says. “And now we’ve got our military coming back with head trauma and PTSD.”
    “Anxiety is a good thing to have in a dangerous situation,” Rokoske says soothingly. “It’s the original caveman fight-or-flight response. When the adrenal gland senses danger, it sets off neurotransmitters in the brain — cortisol, norepinephrine, serotonin — to help the body cope.”
    Turns out, my fellow Americans are high on cortisol. We’re nine times more likely to be anxious than the Chinese laborers who assemble our children’s toys, whose working and living conditions would make us run screaming for a Xanax IV. And 94.4 percent of Mexicans — bone-crushing poverty and barbed-wire borders notwithstanding — have never experienced a major episode of anxiety or depression. But move a Mexicano north of the border, according to a study in the December 2004 National Institutes of Health News, and his mental health will deteriorate faster than you can say “Campesinos sí, NAFTA no.”
    To find out why, I call on Patricia Pearson — novelist, anxious person and author of “A Brief History of Anxiety (Yours and Mine).” The book is a genre-busting page turner: a portrait of Pearson’s lifelong struggle with anxiety, melded with a journalistic investigation of what ails her, and me and us. “Mexicans have stronger family ties, deeper connections to their community, greater involvement in collective rituals through their churches and unions and schools,” Pearson tells me. “And there’s less onus on the individual in Mexico to achieve material success.”
    Pearson laughs. “We live in one of the most anxiety-provoking cultures on the planet,” she says. “That’s why we have this neurotic need to be plugged into our iPhones all the time.”

    So what is the first step to getting a handle on things like stress ?
    Dr Jon Sherwood says it is taking the time to learn to meditate.
    This is best learnt in a group,because one can support the other.
    You need to find a class you feel comfortable in too.It does not have to be a meditataion where you adopt some strange foreign religion and an unusual uncomfortable posture chanting etc.
    In our classes we are lying down on our back listening to relaxing music and the teacher instructs using guided visualization,a very westernized approach and experience.
    Nothing beats having the opportunity and the time one or two hours a week to explore your own mind in total relaxation.It is where your world begins. You will be suprised what you find inside as well as learn to control the seemingly stressful and frightening world out there by learning to control your own thoughts inside.

  66. moryah4 Says:

    China rebukes Rudd on arms race talk.

    The Australian Financial Review
    (31 October,2008.)

    John Kerin

    Beijings’s ambassador to Australia,Zhang Junsai,told an Australian Strategic Policy Institute luncheon in Canberra yesterday that China did not believe there was an arms race in the region.
    China in March announced it would lift its military budget by 19.4 per cent to $99 billion,although Washington believes defence spending is as much as three times higher and may have outstripped Japan’s .

  67. moryah4 Says:

    Asian stock markets surge after Fed rate cut; South Korean index up 12.7 percent

    Thursday, October 30th, 2008

    Asian stock markets rallied Thursday, led by a 12 percent jump in South Korea, after the U.S. Federal Reserve slashed interest rates to help revivethe world’s largest economy and opened new credit lines with central banks.
    Every major index advanced, with Japan’s Nikkei 225 stock average gaining 10 percent percent to 9,029.76 as exporters like Toyota and Sony got a boost from the yen continuing to retreat from a 13-year high against the dollar last week.
    Hong Kong’s Hang Seng Index shot up 9.3 percent to 13,882.60, and South Korea’s key stock index soared a record 12 percent to 1,084.72. Benchmarks in Australia, Singapore, Taiwan and the Philippines added 4 percent or more. Russia’s two main indices were also up sharply.
    Wall Street futures suggested U.S. markets were poised to open higher. Dow Jones industrial average futures were up nearly 4 percent at 9,200.

    http://www.ntelos.net/finance/index.php?display=story&article=D944ME3G0&pd=20081030

  68. moryah4 Says:

    CHINA DESTROYS TONS OF ANIMAL FEED

    By David Barboza Published: November 2, 2008

    SHANGHAI: Chinese regulators said over the weekend that they had confiscated and destroyed more than 3,600 tons of animal feed tainted with melamine, an industrial chemical that has been blamed for contaminating food supplies in China and for leading to global recalls of Chinese dairy products.

    In what appears to be the biggest food safety crackdown in years, the government also said Saturday that it had closed 238 illegal feed makers in a series of nationwide sweeps that involved more than 369,000 government inspectors.

    The aggressive moves come amid growing worries that the Chinese animal feed industry could be contaminated by melamine, endangering the national food supply and posing a health threat to consumers.

    Over the past week and a half, eggs produced in three different Chinese provinces were found to be tainted with high levels of melamine, a chemical commonly used to make plastic and fertilizer. And in September, melamine-tainted milk supplies were blamed for sickening more than 50,000 children and causing at least four deaths in China.

    Regulators in the southern province of Guangdong, which is heavily populated with about 80 million people and is also a major manufacturing center near Hong Kong, said they had discovered six tons of melamine-tainted animal feed.

    http://www.iht.com/articles/2008/11/02/news/china.php

  69. Richie Lozier Says:

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