Anonymous warned us of this last year and now that it has passed, we will begin to see the scary results. The US has managed to create a NAFTA-like plan for Asia combined with a NATO-like military expansion in order to contain China and bring about a New World Order the likes of what the world saw around the time of World War I & II with the expansion of the I.G. Farben and Nazi empire, known as the Third Reich.
This is a continuation of the Fourth Reich as described in detail by historian and investigative journalist, Jim Marrs.
“The fall of the Soviet Union and the end of the Cold War fundamentally altered the global security environment…but regional, local and internal conflicts have been on the rise. In recent years, the rise of failed and failing states and the growing presence of increasingly capable non-state actors has presented the US and its coalition partners with new military challenges. Concurrently, US forces face an increasing number of access challenges, including geography, potential adversaries’ capabilities, and host country concerns which prohibit access to their ports, airfields, and territory in the pursuit of action, and finally: domestic US and coalition political sentiment against large troop presence in ‘non-permissive operating environments’. The closing of US bases around the world, and austere port and infrastructure; international and domestic sentiments against a large troop presence in a foreign country, or even outright denial of US military presence have all limited the number of troops placed ashore.”
It has been highly protested by Japanese and others informed citizens, afraid of the destruction brought on their markets by the economic rape, pillage, and plunder.
Really? The BCG study suggests that US manufacturing workers are 3x more productive than China’s, that their wages are growing rapidly, and that companies are opening plants in the US because labor is so cheap.
Chinese manufacturing cant grow 17% a year for 5 yrs without ENERGY and we understand that China is facing the worst energy crisis ever.
So where will the US get all the natural resources and steel needed to manufacture goods? Especially with oil costing more than $120 a barrel?
Ok, here is the jobs plan from US politicians.
Oh, but wait it also says this: If the U.S. can not maintain or expand its wide productivity advantage vs. China the the projections quoted are likely to be modified to the detriment of U.S. manufacturing.
That means US Sweat Shops Likely – productivity means more hours, no unions, no healthcare, etc. USD drops and thats good for us! Yahoo.
A key factor in the U.S. manufacturing resurgence comes from labor productivity, which is more than 3x that of China. With the wages in China growing at a much higher rate than in the U.S. the productivity advantage is drawing domestic production back home, especially for the “more sophisticated” producrs mentioned in the FT article.
Among the U.S. corporations mentioned by the FT which have announced plans for major investments in new U.S. manufacturing are Caterpillar, General Electric and Ford. In the first quarter of 2011 manufacturing production in the U.S. rose by 9.1% (annual rate), making it the fastest growing segment in the U.S. economy.
On May 5, as discussed at GEI Analysis by Steven Hansen, The BLS (Bureau of Labor Statistics) reported an unexpected drop in labor productivity growth. Productivity is a key component of the projections for manufacturing reported in this news brief. If the U.S. can not maintain or expand its wide productivity advantage vs. China the the projections quoted are likely to be modified to the detriment of U.S. manufacturing.
The BCG study says that Chinese manufacturing wage costs seem likely to rise 17 per cent a year in the next five years, compared with only 3 per cent a year in the US.
Is the Cold War part 2 the endless war on terror financed by chinese and russian banks as well as by Iran and OPEC nations that gain from the sale of oil to the USA?
Chinese Bank in terror
By Bhaskar Roy
In a startling
development, one hundred plaintiffs filed a
case last week with a Los Angeles Circuit
Court that a Chinese state-owned bank was
acting as a financial conduit for terrorist
groups Islamic Jihad (IJ) and Hamas. The
Bank of China Ltd. China’s third largest
bank, has expectedly denied the charge
saying it would contest the suit.
The law suit alleged
that the bank was aware of these illegal
transactions but did nothing to stop them.
It claimed, through certain supportive
documents, that millions of dollars were
sent through the Bank of China to finance
attacks by the two terrorist outfits,
resulting in death and injuries to innocent
The charges add that
the illegal transfers emanated from the
Middle East, sent to the banks’ branches in
the USA, and were then transferred to
accounts at the Bank of China branch in
Guangzhou in Southern China, and finally
wire-transferred to Hamas and IJ leaders in
Israel, the West Bank and the Gaza Strip.
This money helped terrorist attacks between
2004 and 2007.
Israeli officials in
2005, brought these activities of the bank
to the notice of officials of China’s
Central Bank but the practice continued, the
law suit said.
Following the war on
terror led by the USA from 2001, US
intelligence and federal justice department
officials started working with a large
number of countries including China to block
the routes of terror financing. For example,
US Justice Department officials have trained
Bangladesh central bank officials on
tracking illegal money transactions. This
happened following the 2005 country-wide
terrorist bombings in Bangladesh and it was
discovered that a number of Gulf NGOs like
the Al Hamrain trust and the Revival of
Islamic Heritage Society (RIHS) of Kuwait
were funding Islamic terrorist groups in the
According to the Bank
of China’s website, it reported by 2006 more
than one thousand cases of suspicious
transactions amounting to $ 56.5 billion to
the Chinese police, but there is no official
report on how these cases were dealt with.
transactions are also hidden in Foreign
Direct Investment (FDI) in China. Money sent
out illegally by some companies about which
not much is known, return as FDI.
Information on such financial flows is
rarely sought by the government agencies.
One partner involved in illegality will
surely need an unscrupulous partner outside
China. Money laundering is a murky world
where all the undesirable people – gun
runners, narco traders, terrorists and black
marketers are partners – with no questions
It is well known that
China assisted the Taliban during the war
against Soviet occupation of Afghanistan.
But it was not China alone who supported the
Taliban – the USA was the main culprit along
with king pin Pakistan. While the western
countries withdrew from Afghanistan after
the Soviet Union left to gradually implode,
China, with assistance from Pakistan, stayed
with the new rulers of Afghanistan, the
Al-Qaeda indoctrinated Taliban.
China’s commitment to
counter terrorism has always been suspect,
although it has its own problems with the
Muslim Uighur separatists in the western
region of Xinjiang. This problem is not
At a particular period
of the cold war, China maximized its gains
from most sides. The experience may have
encouraged the Beijing leaders to sit in the
middle and fish in troubled waters.
China was very much
aware that its Uighur militants were being
trained in Pakistan and Afghanistan by
Pakistani Jehadis of ISI creation, the
Taliban and even the Al Qaeda. Some of these
training camps were common to both Uighurs
and Kashmiri militants.It hoped that with
good relations with Pakistan and the Taliban
in Afghanistan, the Uighur separatist menace
would be resolved or, at least, kept within
It may be recalled that
even after the US missile attacks on Taliban
post 9/11, China maintained for some time
that there was no evidence that the Taliban
was involved in terrorism. Chinese companies
were entering Taliban controlled Afghanistan
in a big way in telecommunication, military
informatics, and oil and gas survey.
Further, Afghanistan was seen as a strategic
gateway to Central Asia.
Pakistan was, and
remains, China’s gateway to the Gulf and
West Asia or as the Chinese prefer to call
it these days, the “Golden Gate” out of US
encirclement. The route from western China
to Pakistan extending to Afghanistan into
Central Asia was also very important to
consolidate its multi-pronged surge in that
militancy in countries perceived to be
potential competitors or adversaries was
apparently seen as a bonus by the Chinese
security establishment. China’s larger
regional strategy seemed to have given some
cover to Islamic terrorism and militancy, at
least by omission. This strategy has also
enabled terrorists to sneak into southern
China from Hong Kong and near by areas in
the cover of petty businessmen. Terrorist
money laundering from Guangdong province
bordering Hong Kong was reported as early as
The Bank of China case
raises the question whether there is
disconnect between the hard line
intelligence and security establishment and
the top section of the Central leadership
group led by President Hu Jintao? If that is
so, this is a dangerous call for the rest of
the world, especially neighbouring regions
troubled by Islamic militancy and terrorism.
The West, of course, would be a major
Otherwise, it is
difficult to find an answer how such huge
illegal transfers through the Bank of China
in Guangzhou has remained unaddressed for so
long when evidence was staring the Chinese
security in the face. The related question
is whether the Bank of China case is the tip
of the iceberg, given the fact that
terrorists in UK, Europe and India appear
Why is this not in the major US media? This is HUGE news.
China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings
All those who were hoping global stock markets would surge tomorrow based on a ridiculous rumor that China would revalue the CNY by 10% will have to wait. Instead, China has decided to serve the world another surprise. Following last week’s announcement by PBoC Governor Zhou (Where’s Waldo) Xiaochuan that the country’s excessive stockpile of USD reserves has to be urgently diversified, today we get a sense of just how big the upcoming Chinese defection from the “buy US debt” Nash equilibrium will be. Not surprisingly, China appears to be getting ready to cut its USD reserves by roughly the amount of dollars that was recently printed by the Fed, or $2 trilion or so. And to think that this comes just as news that the Japanese pension fund will soon be dumping who knows what. So, once again, how about that “end of QE” again?