China Accounts For Nearly Half Of World’s New Money Supply Since 2005

“After having less than half the total US deposits back in 2005, China has pumped enough cash into the economy using various public and private conduits to make even Ben Bernanke blush: between January 2005 and January 2013, Chinese bank deposits have soared by a whopping $11 trillion, rising from $4 trillion to $15 trillion! We have no idea what the real Chinese GDP number is but this expansion alone is anywhere between 200 and 300% of the real GDP as it stands now.”

http://www.zerohedge.com/news/2013-02-08/china-accounts-nearly-half-worlds-new-money-supply

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China ousts police chief ‘who owns hundreds of houses’

“A Chinese police chief has been sacked after reports he owned hundreds of houses and a false identity card, state media said Wednesday in the latest scandal to fuel public outrage over corruption.  Zhao Haibin was stripped of his public offices for ‘engaging in business deals using a fake identity card’, the state-run Xinhua news agency reported, citing the Lufeng city government in the southern province of Guangdong.  The case is the latest of a series involving officials owning multiple houses with different identity cards and residence permits.”

http://www.rawstory.com/rs/2013/02/06/china-ousts-police-chief-who-owns-hundreds-of-houses/

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Chinese revolt over government plan to ban BBQ in order to fight epic smog problem

“China web-users were furious Thursday over plans to tackle pollution with a ban on barbecues, wryly asking if Beijing would stamp out fried food and normal bodily functions in its war on smog.  The controversial measure is being explored as Beijing aims to confront the heavy pollution which has choked large swathes of the country in recent weeks.  State media said Wednesday that the country’s environmental watchdog had issued draft guidelines advising major cities to adopt legislation banning ‘barbecue-related activities’.  Barbequed food is a favourite dish in China, particularly lamb skewers, a speciality of the north-western region of Xinjiang.”

http://www.rawstory.com/rs/2013/02/21/chinese-revolt-over-government-plan-to-ban-bbq-in-order-to-fight-epic-smog-problem/

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Revolutionary Japan is suddenly the centre of world affairs

“We all watch with disbelief as China and Japan rattle sabres over the Senkaku/Diaoyu islands, so like the seemingly minor events that drew Europe’s alliance systems into conflict from 1911 onwards.  Both graduated to fighter jets last week: Japan sending in F-15s; China deploying J-10s, and mobilising the East China Sea fleet for live ammo drills.  China’s purpose is clear. It is testing the US security umbrella, and Washington’s willingness to risk conflict to back Asian allies.”

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9814218/Revolutionary-Japan-is-suddenly-the-centre-of-world-affairs.html

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Chinese-Made Globes Anger The Philippines With A Territorial Claim

“A tiny, barely-noticeable line on some Chinese-made globes has created insult in Manilla where they are being sold in bookshops.  The problem is that these globes appear to use China’s ‘nine-dash’ map of the sea, first published in 1947, which shows Chinese territory extending hundreds of miles south from China’s Hainan Island to the equatorial waters off the coast of Borneo.  That little line indicates that the Spratly Islands are within Chinese territory, ignoring that they are currently the subject of overlapping territorial claims by China, Taiwan, Vietnam, Brunei, Malaysia and the Philippines.”

http://www.businessinsider.com/chinese-made-globes-anger-philippines-2013-2

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A close call in the China Sea

“China has no desire to fight the United States unless absolutely necessary, and less to spark a US trade embargo. China holds over $1 trillion in US government debt. Beijing has no desire to panic all of East Asia.  A war over the Senkaku/Diaoyus would be like the 1998-2000 desert war between Eritrea and Ethiopia, described as ‘two bald men fighting over a comb.’  No matter how much fish swim around the Senkakus, or how much oil and gas may be found underwater, nothing justifies a war.  But, then again, nothing justified World War I that began by a murder in obscure Bosnia.  Pray for cool heads in Beijing and Tokyo.”

http://ericmargolis.com/2013/02/a-close-call-in-the-china-sea/

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“Let’s You and Him Fight,” Japan’s Prime Minister Tells Obama.

“Japan has a few useless islands that China is trying to get by force. Abe wants the U.S. to back Japan in keeping these islands. ‘Let’s you and him fight.’  He is also concerned that North Korea keeps launching missiles. ‘Tell them to stop.’  America pays for Japan’s defense because (1) we need Japan to keep useless islands away from China, and (2) we need a port for our carriers, so that the boys can let off a little steam on shore leave.  Japan encourages this so that it can keep corporate taxes low, so that Japan’s export sector can bankrupt American firms, which pay taxes to defend Japan.”

http://teapartyeconomist.com/2013/02/22/lets-you-and-him-fight-japans-prime-minister-tells-obama/

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George Galloway on Syria – 2013

George Galloway on Syria – 2013

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Carnage in Syria Courtesy of US Allies

thelrcblog-50016

“While the US and its Western partners pretend to be engaged in a global war against terrorism, their terrorist allies in Syria have set off another car bomb, tellingly very close to the ruling Baath party offices and the Russian embassy. Initial reports are that more than 50 have been killed by the terrorists, including many children attending a nearby school.  No doubt this bombing against a government building will be blamed on the Syrian government in the Western media, adding to the phony UN body count.  The UN organization that is responsible for compiling the ‘body count’ in Syria is…surprise…funded by the US State Department!”

http://www.lewrockwell.com/blog/lewrw/archives/132689.html

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‘Scary Stories’ About Iran’s Magnets Are (Again) Neo-Con Lies

thelrcblog-50016

“The Bulletin analysis is worth a read in its entirety as it calmly debunks Warrick’s Albright-fueled scary story. It also makes the important point that of all the scores of possible uses for these magnets, Warrick’s report chose only the most alarming and remote possibility.  Further, as the always excellent MoA blog points out, according to David Albright’s own paper on the issue of the Iranian magnets, these in question would not fit Iran’s centrifuges anyway! Did Albright know when he passed the story to Warrick that it was bogus?  The same propagandists who paved the way to war on Iraq are as busy as ever when it comes to Iran.”

http://www.lewrockwell.com/blog/lewrw/archives/132708.html

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