Tag Archives: China

Tilapia raised on feces hits US tables

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“They can survive in hopelessly polluted environments, they can be bred and raised in garbage cans and, when necessary, can subsist on a diet of other animals’ excrement.  It makes Tilapia so easily farmed that Americans eat close to 500 million pounds of it a year.  It also makes it bland and not particularly healthy for you. When its diet consists of manure, however, it’s basically like feeding them salmonella and E.coli.  The large amount of antibiotics that are given to the fish to ward off infections from the manure — which is used as a cheap alternative to fish feed — makes the strains of salmonella and E.coli those fish catch extremely hard to eliminate.”

http://money.msn.com/now/post–tilapia-raised-on-feces-hits-us-tables

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Shanghai’s History a Tale of Successful Capitalism

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“Under a regime of limited government, low taxes, and economic laissez faire, Shanghai became the most prosperous metropolis in all of Asia. The standard of living, including that of Chinese residents in the International Settlement and in surrounding Chinese-administered areas, was the highest in East Asia. It was this free market environment that created that Western-style skyline that in the 1930s was considered the Asian rival of New York. The city also became the focal point for the Chinese intellectual community as well as a Chinese cultural center – and one in which freedom of speech and press were protected for all, Westerner and Chinese alike.”

http://www.thedailybell.com/editorials/34905/Richard-Ebeling-Shanghais-History-a-Tale-of-Successful-Capitalism/

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Mongolia looks for second chance with foreign investors

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“Saruul Ganbaatar, the deputy head of Mongolia’s stock exchange, hopes the country’s days of interventionist economic policies are over and new laws ensuring foreign investors’ access to the frontier market’s industries will bring back sorely needed cash.
In mid-2012, Mongolia rushed into law restrictions on foreign ownership of strategic sectors such as mining, telecommunications and banking. The government hastily created the legislation to block Chinese state-owned Aluminum Corp of China (Chalco) from gaining a controlling stake in Mongolia-focused coal miner SouthGobi Resources. As a consequence Mongolia suffered a 52% year-on-year drop in foreign direct investment.”

http://www.brecorder.com/market-data/stocks-a-bonds/0/1268982/

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Gold funds hit 2008 level ahead of US Fed action

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“Holdings of gold in exchange traded funds (ETFs) around the world have fallen back to levels last seen before the global financial crisis in 2008, wiping away all the speculative froth in precious metals.  The once-popular GLD fund has lost 57pc of its value over the last year with outflows of $25bn (£15bn) as investors brace for a cycle of monetary tightening by the US Federal Reserve, typically a headwind for gold and commodities. JP Morgan says interest in gold has evaporated to the point where speculative long and short positions monitored by the US Commodity Futures Trading Commission have dropped to the lowest since early 2006.  The wild card is China, still buying fistfuls of physical gold.”

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/10552352/Gold-funds-hit-2008-level-ahead-of-US-Fed-action.html

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China Bites Into Bitcoin

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“China’s actions over the past weeks have put BTC China’s future in doubt. After Chinese regulators held a closed-door meeting to warn financial companies against working with exchanges, BTC China was swiftly abandoned by two payment processors. ‘There are 300 payment processors in China. We’re going to go down the list and find one that will work with us,’ says an optimistic Lee. He doesn’t think the government is trying to put him out of business but rather put the screws on Bitcoin to cut down on the rampant speculation. ‘They haven’t declared exchanges illegal. That gives us room to maneuver, so there’s still hope.'”

http://www.forbes.com/sites/kashmirhill/2014/01/06/china-bites-into-bitcoin/

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World’s second Bitcoin ATM to open in Hong Kong

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“The world’s second Bitcoin ATM is due to land in Hong Kong by the end of this month, according to U.S. based software company Robocoin.  The machine, available for sale to individual operators such as banks and private entrepreneurs, allows users to buy or sell Bitcoin in just a few minutes.  The process should be much faster than setting up an account on an exchange or via mobile apps and computers which could take a few days for account verification.  The advent of Bitcoin ATMs is seen as a step towards bringing the digital currency into the real world.  The company has already sold 50 ATMs to other operators worldwide but they are not yet in operation.”

http://www.cnn.com/2014/01/06/business/bitcoin-atm-hong-kong/index.html

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Gold purchases surge in China as prices slump

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“Many shops selling gold in Beijing are catering to a steady stream of customers interested in buying the precious metal after gold prices started decreasing.  International gold prices have fallen by 28% to less than US$1,200 on Dec 31, 2013, the largest drop since 1981.  Many Chinese gold buyers have been happy to see the price drop as this is traditionally peak season for gold purchases before the Lunar New Year holiday and the recent slump will allow them to buy gold at relatively low prices.  The Chinese-language Beijing News reported that gold sales had surpassed 10 million yuan (US$1.7 million) an hour after Caibai Jewelers in Beijing opened on Jan 1, setting a new record.”

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140103000056&cid=1102

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Paul Craig Roberts: Washington Drives the World Toward War

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“The fatal war for humanity is the war with Russia and China toward which Washington is driving the US and Washington’s NATO and Asian puppet states. There are a number of factors contributing to Washington’s drive toward the final war, but the overarching one is the doctrine of American exceptionalism.  According to this self-righteous doctrine, America is the indispensable country. What this means is that the US has been chosen by history to establish the hegemony of secular ‘democratic capitalism’ over the world. The primacy of this goal places the US government above traditional morality and above all law, both its own and international.”

http://www.paulcraigroberts.org/2013/12/14/washington-drives-world-toward-war-paul-craig-roberts/

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Stay Out of Petty Island Disputes in East Asia

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“Although it is true that of the more numerous East Asian contenders, only China has such weapons, the United States has formal alliance commitments to defend three of the countries in competition with China over the islands—the Philippines, Japan, and South Korea—and an informal alliance with Taiwan. Unbeknownst to most Americans, those outdated alliances left over from the Cold War implicitly still commit the United States to sacrifice Seattle or Los Angeles to save Manila, Tokyo, Seoul, or Taipei, should one of these countries get into a shooting war with China.  The United States just interjected itself by flying B-52 bombers through this air space to support its ally Japan.”

http://www.independent.org/newsroom/article.asp?id=4822

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Is War With China Inevitable?

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“China has stopped future increases of dollar forex holdings, and has cut the use of the dollar in bilateral trade agreements with multiple countries.  Oil-producing nations are shifting alliances to China because it is now the world’s largest consumer of petroleum. And, China has clearly been preparing for this eventuality for years. So, given these circumstances, how can the U.S. government conceive of confrontation with the East? Challenging one’s creditors to a duel does not usually end well. At the very least, it would be economic suicide. But perhaps that is the point. Perhaps America is meant to make this seemingly idiotic leap.”

http://www.alt-market.com/articles/1866-is-war-with-china-inevitable

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