Tag Archives: Asia

North Korea Is Newest Frontier for a Daredevil Investor

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“The risks of sinking cash — even just $7 million or so of Firebird’s $700 million in assets — into a neo-Stalinist state with labor camps and virtually no private property are obvious. The geopolitical volatility was on full display last week, as North Korea claimed that it had tested a hydrogen bomb. And Mr. Passin is treading on murky investment territory, given the American sanctions against the country.  His investors have experienced the wild rides that come with such frontier markets. Two of his funds are being liquidated after deep losses, including on banking in Iraq, gold in Armenia and oil and gas in Kenya.  But Mr. Passin isn’t deterred. ‘I see opportunities when other people are afraid,’ he said.”

http://www.nytimes.com/2016/01/14/business/dealbook/north-korea-is-newest-frontier-for-a-daredevil-investor.html?ref=dealbook&_r=2

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Jacob Hornberger: The Pentagon’s B-52 Message to North Koreans

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“Given that the U.S. military had just a few years before dropped atomic bombs on Hiroshima and Nagasaki, why would they have any compunctions about bombing North Koreans with napalm and fleas with bubonic plague? Don’t forget, after all, the mindset of the U.S. national-security state during the Cold War — the ‘war’ that was used to justify converting the federal government into a national-security state. The Cold War national-security state mindset was: A commie is a commie and a gook is gook; no big deal to send any and all of them to the hereafter.  The Korean civil war was no more the business of the U.S. national-security state than Vietnam’s civil war was.”

http://fff.org/2016/01/15/the-pentagons-b-52-message-to-north-koreans/

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US drowning in blood of innocents as civilian casualties deemed acceptable

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“Evidence for this comes on the back of the recent airstrike carried out by US jets over Mosul, targeting an ISIS facility allegedly containing a huge amount of cash intended to pay its fighters and finance future military operations. Imagine if a Russian military commander made a statement such as this, openly acknowledging that civilians would be killed in future Russian airstrikes. The uproar across Western media platforms would be off the scale. There would likely even be attempts to convene an emergency meeting of the UN Security Council in order to censure the Russian government, along with a concerted attempt to isolate Moscow and reduce it to pariah status.”

https://www.rt.com/op-edge/328781-us-civilians-syria-war/

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Jacob Hornberger: Cold War Fearmongering on Cuba and Korea

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“North Korea is not the first national-security state to employ the fearmongering strategy. In fact, the U.S. national-security state, along with its acolytes in the mainstream press, is a master of the strategy.  Cuba is another example of a national-security state that long kept its citizens fearful of a U.S. regime-change operation.  But let’s keep in mid that throughout all the fearmongering about Cuba, it was always the U.S. national-security state that was the aggressor against Cuba. It was the U.S. national-security state that invaded the island (unsuccessfully), initiated acts of terrorism and sabotage within Cuba, and conspired to assassinate the president of Cuba.”

http://fff.org/2016/01/12/cold-war-fearmongering-again/

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B-52s Over Korea…Protecting Our Homeland?

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“In response to a reported North Korean nuclear test, the US flew a B-52 over Korean territory. US military leaders claim we must confront North Korea to defend the US homeland. Meanwhile, Congress jumps into the game with more sanctions legislation on the Floor this week.”

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Ron Paul: What Are The Chances For Peace in 2016?

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“Each year more than one trillion dollars goes up in smoke. More accurately, it is stolen from the middle and working classes and shipped off to the one percent. I am talking about the massive yearly bill to maintain the US empire.  None of this trillion dollars taken from us is spent to keep us safe, despite what politicians say. In fact, this great rip-off actually makes us less safe and more vulnerable to a terrorist attack thanks to resentment overseas at our interventions and to the blowback it produces.  The money is spent to maintain existing conflicts and to create new areas of conflict overseas that in turn feeds the demands for more military spending.”

http://ronpaulinstitute.org/archives/featured-articles/2015/december/28/what-are-the-chances-for-peace-in-2016/

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Obama administration authorizes $1.83-billion arms sale to Taiwan

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“The Obama administration formally notified Congress on Wednesday of a $1.83-billion arms sale package for Taiwan, including two frigates, anti-tank missiles, amphibious assault vehicles and other equipment, drawing an angry response from China.  The authorization, which Reuters on Monday reported was imminent, came a year after Congress passed legislation approving the sale. It is the first such major arms sale to Taiwan in more than four years.  The White House said there was no change in the longstanding U.S. ‘one China’ policy.  Past U.S. weapons sales to Taiwan have attracted strong condemnation in China, which considers Taiwan a renegade province.”

http://www.reuters.com/article/us-usa-taiwan-arms-idUSKBN0TZ2C520151217

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Chris Hedges, The American Empire: Murder Inc.

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“‘In Afghanistan, Iraq and Syria, it’s reached the point of political and social breakdown,’ Nairn said. ‘There’s no stopping it. It’s out of control. There are not two sides. It [has fractured into] many sides. It’s analogous to what happened in Cambodia, with the massive U.S. bombing of Cambodia, which paved the way for the rise of the Khmer Rouge. [It has destroyed] any semblance of normal politics or even society. In that kind of environment the most evil, the most violent, have a better chance to rise and prevail.’  Ceaseless war and indiscriminant killing define the U.S. imperial power. But this policy, he said, has backfired.”

http://www.truthdig.com/report/print/the_american_empire_murder_inc_20160103

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The Trouble With Sovereign-Wealth Funds

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“The world’s sovereign-wealth funds together have assets of $7.2 trillion, according to the Sovereign Wealth Fund Institute, which studies them. That is twice their size in 2007, and more than is managed by all the world’s hedge funds and private-equity funds combined, according to J.P. Morgan Asset Management. The number of funds tracked by the Institute of International Finance is up 44% to 79 since the end of 2007. Nearly 60% of sovereign-wealth-fund assets are in funds dependent on energy exports. Now, some funds are shrinking or are being tapped by governments as oil revenues fall. That is forcing them to borrow or sell investments, potentially pressuring global markets.”

http://www.wsj.com/articles/the-trouble-with-sovereign-wealth-funds-1450836278

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HK property developers push HK$1.3 billion in home loans to buyers

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“Facing fierce competition amid a tightening of mortgage policies, a growing number of developers have been skirting bank regulations by providing home loans of up to 95 per cent of the purchase price through wholly owned financial institutions to lure buyers. They began offering mortgage loans after the maximum loan-to-value (LTV) ratio for bank mortgages for self-use residential properties with a value below HK$7 million was lowered from 70 per cent to 60 per cent in February last year. That meant home buyers needed to make a 40 per cent initial down payment, up from 30 per cent, when purchasing an apartment.”

http://www.scmp.com/property/hong-kong-china/article/1897925/developers-saddled-hk13-billion-mortgage-receivables

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