North Korea Threatens to Reduce Parts of US to Ashes

In a blatant threat Tuesday North Korea said that it’s artillery units “are assigned to strike bases of the U.S. imperialist aggressor troops in the U.S. mainland and on Hawaii and Guam and other operational zones in the Pacific as well as all the enemy targets in South Korea and its vicinity.”

PANMUNJOM, SOUTH KOREA - FEBRUARY 27: South Korean soldiers stand guard at the border village of Panmunjom between South and North Korea at the Demilitarized Zone (DMZ) on February 27, 2013 in South Korea. North Korea confirmed it had successfully carried out an underground nuclear test on February 12, as a shallow earthquake with a magnitude of 4.9 was detected by several international monitoring agencies. (Photo by Chung Sung-Jun/Getty Images)

PANMUNJOM, SOUTH KOREA – South Korean soldiers stand guard at the border village of Panmunjom between South and North Korea at the Demilitarized Zone (DMZ) on February 27, 2013 in South Korea. North Korea confirmed it had successfully carried out an underground nuclear test on February 12, as a shallow earthquake with a magnitude of 4.9 was detected by several international monitoring agencies. (Photo by Chung Sung-Jun/Getty Images)

by Shepard Ambellas
Intellihub.com

March 27, 2013

In an attempt to rattle the sabre, North Korea’s military establishment has now made threats against the US and South Korea setting the stage for a crisis to develop.

The New York Times reports;

“They should be mindful that everything will be reduced to ashes and flames the moment the first attack is unleashed,”

the North Korean command said in a statement carried by the North’s official Korean Central News Agency.

Tensions on the Korean Peninsula have risen after North Korea’s launching of a three-stage rocket in December and its third nuclear test last month. In response, Washington and Seoul pushed for a United Nations Security Council resolution imposing more sanctions on North Korea and this month began their annual joint military drills intended to warn North Korea against attacking the South.

North Korea has since issued a torrent of threats to turn Washington and Seoul into a “sea of fire.” Its leader, Kim Jong-un, who has inherited the “military first” policy of his late father, Kim Jong-il, has made a round of visits to military units in the last week. He inspected live-fire artillery and amphibious landing exercises, ordering his soldiers to send the enemies “to the bottom of the sea as they run wild like wolves threatened with fire,” according to North Korean media.

China has commented saying that the situation is indeed “sensitive” in nature.

Aljazeera.com reports, “The communist state’s foreign ministry said it will inform the UN Security Council of the latest situation, as tensions continue to simmer on Wednesday.

“Upon authorisation of the Foreign Ministry, the DPRK openly informs the UN Security Council that the Korean Peninsula now has the conditions for a simmering nuclear war,” the statement said. “This is because of provocation moves by the US and South Korean puppets”.

A new nuclear war is now on the table.

 

Sources:

^http://www.aljazeera.com/news/asia-pacific/2013/03/20133274430576757.html

^http://www.nytimes.com/2013/03/27/world/asia/north-korea-calls-hawaii-and-us-mainland-targets.html

Report: Chinese and North Korean Technicians Are Working on Egyptian Scud Missile Systems

It’s an Obama world.
China and North Korean technicians are working Egyptian technicians to modernize their short-range missile systems.
f16 jet
Meanwhile, four F-16 fighter jets left the U.S. last week, bound for Egypt as part of a foreign aid package. (FOX News)

The Free Beacon reported:

China is covertly working with North Koreans to modernize Egypt’s short-range missile systems, raising new concerns among United States intelligence officials about the arms programs of the Muslim Brotherhood-affiliated government in Egypt.

A group of technicians from China’s premier missile manufacturer that was previously sanctioned by the U.S. government for illicit arms transfers are working in Egypt with North Koreans to modernize Cairo’s Scud missile force.

According to U.S. intelligence officials, reports of the missile technicians from the Beijing-based China Precision Machinery Import-Export Corp. (CPMIEC) are raising new concerns about U.S. plans to sell arms to the government of Egyptian President Mohamed Morsi.

The missile activities were detected in connection with Egypt’s Sakr Factory, the main missile production facility that makes Egypt’s Scud-Bs and extended-range Scud Cs.

An Egyptian military official had no immediate comment on the missile support from China and North Korea. A State Department spokesman also had no immediate comment. Other spokesmen declined to comment.

scud missile
Scud missile and launcher

Source

Chinese Media On War Footing

china_pla_reuters

As WSWS articles have been emphasising, a militarist atmosphere is being created in China. The theme is the imminence of war with Japan. In the past weeks, nearly every news report features the latest “provocation” by Japan over the disputed Diaoyu islands, for example, the fact that Japan discussed allowing its air force to fire warning shots to ward off Chinese aircraft. There are regular heated debates on various television “focus” programs, where participants call for war on Japan if any damage is done to Chinese vessels or aircraft.

For a number of academics, military and strategic “analysis” has become the latest boom industry. On TV shows they speculate endlessly about the various scenarios for the upcoming war with Japan, the implications of US strategic encirclement, and so on. They comment on the latest Chinese weapons and their use in such a conflict. A leading figure, Rear Admiral Zhang Shaozhong from the National Defense University, bragged on China Central Television that, if war broke out, China could “finish off Japan in 30 minutes.” During last year’s standoff with the Philippines over the Scarborough Shoal, Zhang proposed going to war with Manila because it would be a “one-sided fight”—assuming, of course, that the US did not intervene.

China’s people are being constantly bombarded by reports of new fighters, tanks and missiles. This month, the military unveiled plans to build six 20,000-tonne amphibious assault ships capable of carrying helicopters, tanks and marines, for the upcoming “island warfare” in the South China Sea or East China Sea. The media celebrated the testing of China’s first domestically-built military transport plane capable of delivering heavy tanks to a distant war. A diagram showed that the plane could reach North Africa, where thousands of Chinese nationals had to be evacuated during the Libyan war in 2011. The program also showed that the plane could drop Chinese troops in Sydney international airport in the event of a war with Australia.

On the newsstands in the street, full color magazine covers depict a dogfight with a Japanese warplane, or an anti-ship missile flying toward an American aircraft carrier. Jingoistic tabloids like the Global Times, owned by the official People’s Daily, are becoming increasing influential. Not long ago, it featured an essentially racist “analysis” explaining that pre-war Japanese militarism was rooted in Japanese culture. An ad on the Global Times site referred to the fact that in Japan a man, who beat to death a Chinese student, was only jailed for a few years. It was designed to incite anti-Japanese racism.

Militarism is also being fanned on the Internet. The same analysts have xenophobic blogs attacking “foreign enemies,” and these helped to provoke the anti-Japanese demonstrations last year over the Diaoyu islands conflict. Just as Beijing gave the green light for these sometime violent protests, so the Internet police, who are quick to crack down on any government critics, seem to be allowing the ultra-nationalists on the web to say anything they like.

It is sometimes is hard to distinguish private opinion from government views. As the discussion was heating up about Japanese warning shots, Hefei Online, the official news portal of Anhui province’s capital city, published an article calling for nuclear attacks on Japan if China failed to defeat the Japanese air force. It boasted that China could launch “2-5 waves of nuclear strikes against Japan within 24 to 72 hours.” After discounting Japan’s anti-missiles systems, the article concluded: “In such an initial nuclear war with Japan, large cities including Tokyo will be annihilated by nuclear strikes.”

I want to point out that this type of madness has only a limited appeal. Ordinary Chinese have no enthusiasm for a war. No-one thinks of China as a superpower that can challenge Japan, and its ally, the United States. Most people have to exist on a few dollars a day, and they feel that they are living more in a Third World nation than in an advanced country.

But militarism is finding a response in some members of the new upper middle class, which has developed since the restoration of capitalism and the market in China in the 1980s. They have a dream of China becoming a world power, enriching themselves, and they regard the existing powers, especially Japan and the US, as obstacles to their ambitions. They have only contempt for the Chinese workers, and feel threatened by them. In fact, these rich Chinese have a lot in common with the very Japanese ultra-nationalists and “right-wing militarists” they denounce.

wwjjOf course, it would be wrong to think that every TV show, news program and magazine is devoted to militarism, but compared to even the recent past, there is a marked change. The voices of moderation are being sidelined. There are representatives of certain businesses who are afraid of international isolation, let alone war. But even the editorials that try to calm the most open militarists emphasize that China’s grand national strategy for rapid economic growth must include military preparedness to counter any attempt by the Western powers to change the game through “non-economic means.”

This ever-present discussion of war has another political purpose. It is trying to turn people’s attention away from the social crisis inside China and justify spending tens of billions of yuan on the military, instead of on public hospitals and schools. There are hardly any reports on strikes, protests in rural areas and street riots, which are all taking place, but it is very hard to find out about them.

Social inequality is getting worse. No one really believes that the government is serious about cracking down on corruption, which exists at every level. Rumors are spreading, for example, that thousands of officials are selling property to get cash to flee the country.

On the streets, you occasionally see a brightly-colored luxurious European-made sports car while poverty-stricken rural migrant workers stand nearby, hoping that someone will stop and give them some sort of work. Everyone knows the driver is the son or daughter of some well-connected Communist Party official or a rich businessperson.

Ordinary Chinese have new words and phrases to describe these members of the elite. They are called “the rich second generation” or the “power second generation,” who have gotten their fabulous wealth from their parents. No one sees them as the “hard working” entrepreneurs that Deng Xiaoping used to praise. Now they are regarded as aristocrats who have done nothing to deserve their extravagant life-styles.

These people will do anything to hold on to their wealth, prestige and power, including launching a war.

Source

Wormhole UFO Russia On Christmas Eve, Similar To 2009 Norway Spiral, And Japan, Mexico And China Wormhole Claims

russia wormhole ufoA must see declares YouTube poster TheBeginning IsNear.  Wormhole UFO appears over Russia!  December 23 / 24, 2012!

The above video is a bit reminiscent of the spiral UFO video that appeared in Norway in 2009 although there is no spiral cloud as well as a sighting in China in 2011.

This was filmed over china, July 9th and stopped the airports for 4 hours! incredible footage. i use the term wormhole because most people searching this phenomena tend to use that (wormhole) as a search term.

Between 7 and 9 o clock in the morning, december 9, 2009 this strange thing happened in the skies above Norway. Thousands of people saw this, took photos and filmed it and posted to their blogs. It appeared in the east, moving westwards.

It was described as a spiral moving light, completely silent. After about 1 minute or so, the light disappeared and seemed to dissolve, leaving a grey mist/halo expanding, then dissolving. The green/blue light trail remained for hours. People describing it as frightening/exciting and beautiful.

Norwegian defense say they don’t know what it is. Russians say they have not launched any rockets, neither have the Norwegian Andøya rocketsite.

1260348631558_532It is not Aurora borealis, and not a meteor since it remained in the skies for more than 2 minutes. Russian, Swedish and Norwegian rocket sites report they have not fired any rockets. Nobody knows what this is.

There was also a wormhole claim in Moscow in 2009 as well as similar sightings in Mexico and Japan.

 

 

 

China Builds Up Its Official Gold Reserves, Promotes Yuan as a Global Currency

China Says It Must Add To Gold Reserves To Promote Yuan Globalization

Back in September, when we provided the monthly observation on what has become a record year to date surge in Chinese imports of gold from Hong Kong, we reminded readers that “in December 2009, the China Youth Daily quoted State Council advisor Ji as saying that a team of experts from Beijing and Shanghai have set up a “task force” last year to consider growing China’s gold reserves. “We suggested that China’s gold reserves should reach 6,000 tons in the next 3-5 years and perhaps 10,000 tons in 8-10 years,” the paper quoted him.

Has China managed to accumulated 6,000 tons yet?

We won’t know for sure until the official disclosure which will come when China is ready and not a moment earlier, but at the current run-rate of accumulation which is just shy of 1,000 tons per year, it is certainly within the realm of possibilities that China is now the second largest holder of gold in the world, surpassing Germany’s 3,395 tons and second only to the US.”

Two days ago we showed that the relentless importing of gold in China continues, yet what has been missing is an update direct form the horse’s mouth how China feels toward gold (because we certainly know how it feels toward US Treasury paper). Today, we finally got one straight from Beijing, and that during a very carefully supervised time when the 18th Communist Congress is still in session, and every word out of China has profoundly telegraphic implications.

From Bloomberg:

• China needs to add to its gold reserves to ensure national economic and financial safety, promote yuan globalization and as a hedge against foreign-reserve risks, Gao Wei, an official from the Department of International Economic Affairs of Ministry of Foreign Affairs, writes in a commentary in the China Securities Journal today.
• While gold prices are currently near record highs, China can build its reserves by buying low and selling high amid the short-term volatility, Gao writes in newspaper
• China’s gold reserve is “too small”, Gao says“

And there it is: while many have speculated that China, which has not given an update of its official holdings in nearly 4 years, is quietly building up its gold reserve holdings behind the scenes, there was no reason to worry. The time to worry would be when China was starting to give indications it is prepared to tell the world what its true gold holdings are (by now certainly well over 1000 tonnes).

And the above piece from Wei is just that: because in saying very little, the Chinese official with a key political post has just given the first hint that China is preparing to give its official gold far greater focus. And from there, the time until China releases an IMF update on its official reserve holdings will be measured in days if not hours. Because all the gold will have long been accumulated.

And once that happens it will be too late to buy any incremental gold. Or tungsten.

Source

WWIII Within Days? Food-For-Guns Program Next, Says Informant

War drums beat in the Middle East and, now, the drums suddenly beat strongly between two Asian mights. That, on top of a global financial system on the brink of entering the slide to hyperinflation has many thoughtful analysts suggesting that the so-called ‘Illuminati’ are perpetrating the blatant insults and non-stop diplomatic faux pas directed at the Muslim world in an effort to instigate, what is likely to escalate into, WWIII.

As global leaders and their populous watch the plan by Western powers in the Middle East unfold, an effort to shape a narrative of an enemy initiating an attack as the explanation for the inevitable Armageddon economic fallout of a reckless dollar-based banking system gone afoul, along with a collapsing petrodollar system, is underway.

A collapsing dollar translates to unaffordable U.S. oil imports, ergo, a total collapse of the U.S. economy, ergo, massive civil unrest among heavily-armed citizens in the streets of America.

The telltale signs of impending war is on, and the White House wants American guns—the most difficult of all missions of the ‘globalist’.

As former Governor of Minnesota and ex-Navy Seal Jesse Ventura said in a CNN interview on Sept. 17, “All wars start with a false-flag attack.”

Picking up where Ventura left off, in the opening remarks of his Sept. 19 show, TruNews’ Rick Wiles delineates the recent series of events that lend much credence to Ventura’s professional military opinion of today’s geopolitical news. After all, Navy Seals, at times, are trained for, and become involved with, vital components of a false-flag attack mission.

Rick Wiles gives his global audience a rundown of recent events and paints a picture of impending war, too obvious to miss.

Mobs in China were reported carrying signs demanding the U.S. to pay back $1 trillion owed to the Chinese for decades of trade surpluses; Ambassador Gary Locke’s car was attacked by a mob of Chinese on Monday; protesters chanting ‘The Japanese are dogs’ in the streets of China; and a French newspaper published on Tuesday a highly controversial and insulting cartoon depicting the Muslim prophet Mohammad with a star affixed to his buttocks, with the caption, “A star is born.”

“Personally, I suspect the publication of the cartoons in a French magazine is part of a deliberate strategy by the Illuminati to spark the opening shots of WWIII,” says Wiles. “Nobody in his right mind would pour gasoline on a fire at this time.”

He adds, “Furthermore, I suspect the publication of the cartoons has given France a legitimate cover to evacuate their ambassadors and embassy personnel before the war starts, very soon.”

As a conservative Christian and daily radio host, Wiles, on the surface, appears as an unlikely source of critical information. But those steeped in the history of the Christian faith know that religious beliefs always trump the propaganda and inculcation efforts by the State. Therefore, it’s no surprise that other devout Christians who have attained high levels of security clearances and positions of authority leak information to Wiles, privately, off-air.As a self-described and arguably the most vocal ‘Watchman’ of the Christian faith, there’s little doubt that, while Wiles is watching the FBI, CIA and DHS, they are, indeed, watching him. Wiles has reported unexplainable technical problems at his studio following several whistle-blower guests.

As a self-described and arguably the most vocal ‘Watchman’ of the Christian faith, there’s little doubt that, while Wiles is watching the FBI, CIA and DHS, they are, indeed, watching him.  Wiles has reported unexplainable technical problems at his studio following several whistle-blower guests.

“This is out of control, now.  I .. . I have . . . I have been given . . . let me put it like this,” as Wiles carefully formulates his dialogue of fresh information told to him from his informants, “tidbits of important information have come my way in recent weeks from various sources that clearly <pause> it was divinely ordained by God that people that I know would [over]hear a conversation, be told to someone by somebody in a high-level position to know.  It’s been a number of things.”

Wiles continues to reveal other startling information told to him by another of his legion of informants.

“I’ll give you an example, we had Nathan Leal here a week or two ago,” says Wiles.  “Nathan was told by a person . . . I can’t give out the person’s position, but, he was at a party, in which, a person at that party . . . it was a birthday party for a family member . . . and that person was a retired U.S. government intelligence agency employee, who confided in Nathan’s friend that there will be a food shortage, and food will be offered in return for the surrender of firearms.

“There will be a food for guns exchange program.  And this person said, this is not a rumor, it’s not a conspiracy; I’ve seen the working documents for this plan.

“There’s been a steady flow [of information of this type].”

And yet another source, this one, unwitting.

“I’ll give our listeners another one, without giving out the source,” Wiles continues.  “I just so happened to be talking to someone who visited our office, somebody who lives here in Vero Beach, not Vero Beach, let’s say the Treasure Coast of Florida, who, not knowing what I do, what I say, what this program is about . . . but as the conversation changed, this person confided to me that her brother formally worked at the White House under a former administration at a very high level, and that he was telling her privately that many people in that former administration are concerned that Mr. Obama will not leave the White House, and that her brother is making private plans for his own protection and safety around the election.”

I’m getting information “almost daily” now; “we’re getting a picture that something ominous is underway, right now.”

Though the claim of calculated misinformation campaigns to dupe the American public seems more than a reasonable explanation for the large number of ‘leaks’ from informants at DHS, NSA, CIA, Pentagon and other arms of U.S. intelligence, an equally and more compelling explanation for the sudden increase in Wiles’ cadre of informants comes from the guest of the Sept. 19 broadcast, Aaron Brickman, a private investor and market cycles analyst.

“I suspect it will continue, continue exponentially as the days become more ominous and events pick up,” says Brickman.  “When they [White House and U.S. departments] are working behind the scenes year after year, they can keep a certain amount of secrecy [within] limited people in the loop, but as you get closer to the event, more people have to be brought in, and you get leaks like this.

UFO War: Chinese and US Navy off San Francisco

Joint Fleets Fend Off UFO Threat

This last week, reports of Chinese naval vessels off the US coast, Northern Californian in particular, have been reported but denied. 

Now an Asian intelligence agency reports that a combined fleet operation between the US and China has been going on, a full combat operation against what we are told is a “highly unfriendly extra-terrestrial threat.”

Kerry Cassidy was an early source on this and should be credited.  Here initial suspicions were inaccurate but her information has been confirmed.

The verifications of the fleet operations have been many, there have been no confirmations from the US side though the ships have been seen by every vessel that makes it offshore.  The true nature of both the threat and the extent of the multinational military force used is beyond any imaginable classification level.

Rumors:

  • Extraterrestrial craft are operating from underwater bases.
  • Advanced US sub-orbital weapons platforms represented as “tested” have actually been deployed from Vandenburg Air Force Base.  These are armed with energy weapons.
  • UFO tracking has been moved from conventional to nano-technology with microscopic sensors being used to detect behaviors such as dimensional rifts and distortions in time, things only discussed in TV shows like Fringe and X Files.  (all Fox oddly enough)

The actual classified memo on very short distribution mentions only the following:

    • Opposition is extraterrestrial and extremely aggressive and unfriendly
    • The threat represents a “clear and present danger” and is isolated to the Pacific Basin
    • China is forced to carry US responsibility because our own naval capability is sitting in the Persian Gulf when America is under a very real threat.
    • Attempts to seek confirmations or to directly verify these operations will lead to fatal consequences.

Our confirmations limit us to this response which I have chosen to represent in a highly deniable form out of personal interest.  Others in the US have better information and sources and have been silenced with warnings only.

As to this being a total “hose job,” I don’t see any advantage in it.

For several months earlier this year, there had been disclosures tied to the UFO issue.  One real sighting had been made over South Korea.

After than, the internet had been flooded, yes, Google’s “YouTube” with manufactured phony UFO videos, some of “beyond next generation” quality.

All information given on how UFO video or photos are analyzed is totally false, childishly so, especially that from the UFO “networks.”  They are professionally “self discrediting.”

About 6 weeks ago, a “study group” was appointed out of NATO and another one in Asia to look at the pattern of UFO videos.  A decision was made to aggressively investigate one or more groups.

Being aggressively investigated on such an issue is not recommended.

I would love to be more entertaining, invent things, speculate or, perhaps, include some fascinating videos.

I either have to give this a 70% or reclassify a reliable official source as purposefully leaking something that makes no sense.  My suggestion is that readers follow other stories for verifications or information that would help in some way, add it to the comment section and see if we can get a better grip on what may well be an extremely dangerous situation.

Source

Published on Sep 17, 2012 by

Kinda reminds me of the movie ‘Battleship’ from Universal:

“We’re Training To Invade The United States”: Chinese Soldier Spills The Beans?

China has been building up its fleet of amphibious assault ships, which could be at the front line of an invasion of Taiwan, say. That is, if China could conceivably launch one. But probably not. Since 2008, China has launched four Yuzhao-class, or Type 081 amphibious assault ships. The lead ship was deployed to fight pirates near Somalia. China is also reportedly working on a newer, bigger amphibious ship called the Type 081 (.pdf).

What’s more likely is using the Green Pearl for “soft power” operations distant from China’s shores. “Beijing seems rather comfortable with the situation in the Taiwan Strait and is clearly looking beyond Taiwan, as it has been for some time now,” Holmes says. “Such a vessel could be a workhorse for any mission involving amphibious operations, meaning humanitarian relief.” Read more @ http://www.wired.com/dangerroom/2012/08/chinacruise/

Though the entire John Moore video below is very educational, the talk of Chinese troops in Mexico begins at approximately the 39 minute mark. Also discussed are Russian Spesnatz soldiers in America and much more…

Published on Sep 6, 2012 by 

Chinese economy slows to three-year low

Conflicts are continuing within the Chinese Communist Party (CCP) regime over moves to stimulate the sharply slowing economy. The latest growth figure—7.6 percent, on an annualized basis, in the June quarter—is the lowest in three years, and down from 8.1 percent in the March quarter.

The data released last Friday show that key drivers of the economy are contracting dramatically. New property construction fell 7.1 percent during the first half of the year. The value of new residential property sales dropped 6.5 percent during the same period.

Industrial production expanded at an annual rate of 10.5 percent for the quarter, easing back from the 10.7 percent pace in the previous quarter. Export growth cooled to 9.2 percent in the first half, a sharp reversal from 24 percent in the corresponding period last year. This reflects the fact that Europe’s austerity measures are cutting demand in China’s largest external market.

Even before these figures were released, analysts were debating what to do, because the economy was clearly heading below the estimated 8 percent growth that is required to prevent unemployment, and social unrest, from rising. Seven million college graduates seek jobs each year, not to mention the many millions of other workers.

For years, China has been able to achieve 10 percent growth due to a massive 25 percent annual growth in capital investment, which accounts for half the country’s gross domestic product (GDP). The relatively small internal consumer market means that the worsening financial turmoil in Europe and the US is starting to create a crisis of overproduction in China.

With 60 percent of China’s urban workforce made up of rural migrant laborers in low-skilled jobs, any major decline in exports and construction activities can quickly result in massive job losses. In the first stages of the 2008-09 financial crisis, more than 20 million workers were thrown out of employment.

Some economists have urged the CCP regime to repeat its 2008 stimulus package, which evolved into a credit expansion of several trillion dollars in bank loans to finance infrastructure and, increasingly, property speculation.

Former International Monetary Fund official Shen Jianguang, currently chief Asia economist for Japan’s Mizuho Securities Asia in Hong Kong, warned that the government must act “decisively” to stem the slow down. “There is a rising urgency for more policy easing,” he said. He predicted that Beijing would cut benchmark interest rates once more this year, and the banks’ reserve-requirement ratio twice more, to encourage lending.

The Chinese regime has tentatively taken small steps in this direction. Last month it made the first two interest rate cuts since the 2008 global financial meltdown. The latest bank figures, released last week, showed that new loans in June reached 920 billion yuan ($144.3 billion), up from 793 billion yuan in May.

However, any move by the Beijing authorities to adopt a stimulus package on the scale of 2008 would worsen the existing over-capacities and add more bad debts to the state banking system.

Economist Andy Xie, writing in the South China Morning Post on July 11, criticized the cutting of interest rates as “doubling down a bad hand.” He said the “policy of printing money [cheap bank credit] to fuel bubbles was wrong in the first place.” Xie warned earlier this year that China had the biggest property bubble in the world, with the estimated values of the empty and speculative homes in China exceeding 100 percent of its GDP.

Xie’s article stated: “The bubble has engulfed all financial activities since, not just the banking system. Equipment and materials suppliers and construction contractors have become financing channels for local governments and property developers. Trust companies issued trillions more in loans that were used by property developers or local governments.”

The article pointed to ongoing economic damage. “There is a massive underground loan-shark industry at the bottom of the risk curve, that is now bursting everywhere. Private equity funds are the latest to become a huge bubble. As overcapacity and surging input prices keep returns on capital low in the real economy, they have joined asset speculations directly or indirectly to stay in business.”

There was nothing in the real economy, Xie warned, to support such speculative real estate growth. Already, the land market was collapsing. In the first half of this year, land sales revenues dropped by 60 percent in Beijing and Shanghai, with smaller cities like Hangzhou and Wenzhou down by 72 percent and 84 percent respectively. He said that reviving the bubble would require increasing money supply at least 40 percent per annum, which would trigger a massive devaluation, itself bursting the bubble.

Xie’s solution to the crisis was another wave of “free market” restructuring, in line with the demands of sections of international finance capital. Beijing “must cut taxes, slim down the government, retrench state-owned enterprises, strengthen the rule of law” and promote private firms.

The dominant sections of the CCP leadership, headed by President Hu Jintao, are already moving in this direction as outlined by a World Bank report in February. This course will inevitably undermine sections of business that rely on state protection, especially state-owned corporations. For the working class, it will intensify the pressure for higher productivity and lower wages.

The rising tensions within the ruling elite, and between the regime and the working class, found their expression earlier this year in the downfall of Chongqing party chief, Bo Xilai, a representative of factions pushing for a greater “state-led” capitalist development.

Bo’s removal has not ended this tendency. Last week saw the release of a book by former Premier Li Peng, who retired 10 years ago. Li Peng on Macroeconomics is a collection of his speeches and articles, especially when he was in office during the 1980s and 90s.

Li, who presided over the Tiananmen Square massacre of 1989, is also known for his insistence on maintaining a large state sector. Zhang Lifan, who formerly worked for the Chinese Academy of Social Sciences, said Li’s book represented a view among some CCP leaders: “The recent failures of some free-market economies in the West have revived a call by some conservatives to strengthen state intervention in the market.”

Li’s role in suppressing the working class, in order to ensure China’s expansion as a cheap labor platform for global capitalism, highlights the fact that, despite their differences, all factions of the ruling elite stand united on intensifying the exploitation of the working class and dealing ruthlessly with any resistance by workers.

Source

The Syrian Agenda and the Globalist’s Plan for WW III

In preparation for protecting its shores, Syria’s navy test fired live missiles from their ships and helicopters, according to Dawud Abdallah Rahijia, Syrian defense minister.
SANA, the Syrian news agency reported: “Naval Forces conducted an operational live fire exercise on Saturday, using missiles launched from the sea and coast, helicopters and missile boats, simulating a scenario of repelling a sudden attack from the sea.”

These tests come admits Vyacheslav Dzirkaln, the deputy chief of the Russian military and technical cooperation agency confirming that Russia will no longer sell arms to Syria – while the tension continues to mount over threats from the US government, Israel and the UN calling for Assad’s regime removed from power.

Dzirkaln said: “Russia, as well as other countries, is concerned by the situation in Syria. We are not talking about new arms supplies to that country. Until the situation stabilizes we will not deliver any new weapons (to Syria).”

Specifically, the Yak-130 aircraft that Russia is contracted worth $550 million to deliver these armaments to Syria will not be delivered. However, existing contracts will be honored. The advocacy is for “new weapons”.

According to Congressional Research Service, Russia sold Syria $4.7 billion in arms from 2007 to 2010, compared with $2.1 billion from 2003 to 2006.
Vladimir Putin stated that the Syrian government should enter into negotiations with the Free Syrian Army (FSA). “I am convinced that we must do everything possible to force the conflicting sides to find a peaceful political solution to all the disputed issues.”

Last month, Sergey Lavrov, Russian Foreign Minister, defended his country’s sale of armory to Syria at a news conference in Tehran. “We are not violating any international law in performing these contracts. [The US] are providing arms and weapons to the Syrian opposition that can be used in fighting against the Damascus government.”

At a House Intelligence Committee meeting in May, Representative Mike Rogers spoke out against the US arming the FSA with military grade weapons. Rogers said: “I’m not sure arming is the right answer here, mainly because we’re just not exactly sure who the bad guys are and who the good guys are right now in Syria. So you don’t know who you’re giving weapons to.”

The US Central Intelligence Agency (CIA) and State Department, in conjunction with Saudi Arabia, are helping the FSA develop logistical routes to transport supplies into camps in Syria and train them in better communications abilities.

According to US officials, the CIA is divulging secret intelligence with the FSA so they can better attack Assad’s military forces.

The Special UN Envoy Kofi Annan has acquiesced that his brokered six point peace plan is not working in facilitating ending the violence in Syria.

Assad and Annan’s meetings in Damascus have resulted in Assad requesting : “building an approach from the ground up in some of the districts where we have extreme violence – to try and contain the violence in those districts and, step by step, build up and end the violence across the country.”

The UN and the Arab League, the architects of the plan, have not been able to secure a cease-fire while FSA and “opponents” of Assad’s government continue to attack.

Bassma Kodmani, a member of the Syrian National Council, says : “We think it’s going to be difficult to have a bilateral process. We think there’s a need for a third party to be the facilitator, the mediator. Ideally we think the UN is a legitimate and normal partner.”

Kodmani, who attended the Bilderberg Group meeting in Virginia earlier this year, is pushing for the forced regime change along with the US, Israel and the UN.

While people in Syria die and politicians call for new leaders to take over, the US dollar and control over oil in the Middle East is “the prize”.

Hillary Clinton, US Secretary of State and the globalist front “Friends of Syria” have “strongly suggested” that Russia and China are to blame for the escalation in the Syrian situation.

Dominique de Kevelioc de Bailleul of Beacon Equity Research, states: “Syria and Iran have been targets of interest of the U.S. for quite some time, as Washington under the George W. Bush Administration had known that a day would come when the U.S. and China would bang heads for precious crude supplies in the Middle East.”

While the days of the US dollar as the global reserve currency are quickly coming to an end, the US government is simultaneously scheduling the next “military conflict in the Middle East.”

Assad contends that terrorists, not his government, are responsible for the violence happening in Syria.

Faisal Mukdad , the deputy Foreign Minister and government spokesman remarked that the rebels who are fighting against Bashar al-Assad were “criminals and drug dealers.”Mukdad says it was those rebels who “escalated the attacks” and the Syria has a right to defend itself.

Mukdad blames the US government and France for thwarting peace plans ; referring to French foreign minister Alain Juppe’s comment “calling for war”. He says, “This is what the West wants – extremist and al-Qaeda forces controlling the whole region.”

Terrorist factions cause bombings and battles where civilians are caught in the cross fire. While innocent Syrians are being killed by the terrorist groups, the confusion as to their purpose mounts. They appear to simply be agitators, directly cause violence so that there will be violence.

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