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Lindsey Williams: China Owns The United States – Alex Jones
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America has been swallowed up by the globalists and will now be run from Beijing.
What is Plan B if China dumps its U.S. debt?
NEW YORK (Reuters) – When borrowing money it’s always good to have a Plan B in case a big creditor pulls the plug. That should be true whether the sum is a few thousand dollars or about a trillion, the size of the United States government’s debt to China.
With Chinese President Hu Jintao due to arrive in Washington on Tuesday, it is worth asking about U.S. officials’ Plan B just in case one day relations take a surprise turn for the worse and Beijing dumps its holdings of U.S. treasuries.
China is officially the United States’ biggest foreign creditor, with roughly $900 billion in Treasury holdings — or over $1 trillion with Hong Kong’s holdings included.
That means it could do severe damage to U.S. debt markets if it suddenly started selling large amounts.
Most experts say if there were signs of this happening, the U.S. government would go for a combination of persuading Americans to buy more U.S. debt, the same way they did in World War II, and finding friendly foreign governments to make additional purchases.
Banks could be called on to increase their holdings of treasuries, and as a last resort, the Federal Reserve could also be called on to fill the gap, though this could risk turning any dollar weakness into a slump. Read more…
China Builds Underground ‘Great Wall’ Against Nuke Attack
The Chinese Army is believed to have built an underground “Great Wall” that stretches for more than 5,000 km in the Hebei region of northern China. Citing the People’s Liberation Army’s official newsletter, the Ta Kung Pao daily of Hong Kong on Saturday said China’s strategic missile squadron, the Second Artillery Division, built a massive underground tunnel to conceal nuclear weapons, including the Dongfeng 5 intercontinental ballistic missile with a range of 13,000 km.
Since 1995, the Second Artillery Division has mobilized tens of thousands of soldiers to build a network of tunnels stretching for more than 5,000 km below the mountain regions of Hebei, China’s state-run CCTV reported. “A missile base has been built hundreds of meters underground and can withstand several nuclear attacks,” CCTV said. “People refer to the network of tunnels connecting to the missile base as the ‘Underground Great Wall.'” In March 2008, CCTV broadcast a documentary which revealed that the PLA had been building underground facilities enabling it to launch a counterstrike in case of a nuclear attack.
Taiwan’s Asia-Pacific Defense Magazine also said, “The early version of China’s mid- to long-range missiles had all been deployed above ground and were vulnerable to detection by spy satellites and attacks by interceptor missiles. That prompted the Chinese military to move all of their missiles hundreds of meters underground.” As a result, the squadrons of the PLA deployed there are completely undetectable because they are based in subterranean bunkers and move around beneath the surface.
The purpose of the secretly constructed underground Great Wall is to give China a second chance after a nuclear attack, military experts said. The main objective of the Second Artillery Division is to be able to launch a counterattack against enemy targets after escaping the first volley of attacks. The Ta Kung Pao daily reported that it was unprecedented for the PLA’s newsletter to reveal classified information about the tunnels and that this demonstrates Beijing’s confidence in its military power.
China’s covert spy pad technology
Watch your step — you might just be standing on a spy pad.Chinese researchers have given new meaning to the term “watch your step” with a so-called “spy pad,” a device that can identify people by their gait, the South China Morning Post reported.
According to a Wikileaks document released in December, the device is able to capture the biometric information of anyone who steps on it, such as the dimension, weight and force applied by a person’s foot when they walk.
Developers believe these statistics are unique to each individual and can be used for identification. The spy pad’s sensors are so sensitive that they are supposedly able to track human targets even if they’ve changed shoes.
You’ve got to wonder why Ian Fleming didn’t think of it when he was writing the James Bond books. Or, for that matter, George Orwell when he was writing “1984.”
Acording to the SCMP report, spy pads were created by scientists at China’s IIM, or Institute of Intelligent Machines, reportedly in collaboration with developers at Nintendo, which may explain the device’s similarities with the Wii Fit Balance Board.
The Ministry for State Security, China’s spy agency, has already jumped on the project and is currently its biggest financier, according to the South China Morning Post.
Zhou Xu, a leading researcher on the project, is quoted by the Post as saying that “the government wants to use this device to track some citizens of concern.”
The gadget piqued the curiosity of U.S. diplomats in Beijing, who wrote in a diplomatic cable in February last year:
“The device can be covertly installed in a floor and is able to collect biometrics data on individuals covertly without their knowledge.
“When questioned about the device’s potential applications, IIM officials stated the device was being used by ‘secret’ customers and was not available on the commercial market.”
The Post reported that the gadget has been tested on the lab’s 100-odd employees and has an accuracy rate of 98 percent.
Chinese President Hu Disses the Dollar; Says U.S. System is a ‘Product of the Past’
“The current international currency system is the product of the past,” Hu noted in answers to questions submitted to his foreign ministry office by The Wall Street Journal and the Washington Post.
BEIJING—Chinese President Hu Jintao emphasized the need for cooperation with the U.S. in areas from new energy to space ahead of his visit to Washington this week, but he called the present U.S. dollar-dominated currency system a “product of the past” and highlighted moves to turn the yuan into a global currency.
“We both stand to gain from a sound China-U.S. relationship, and lose from confrontation,” Hu said in written answers to questions from The Wall Street Journal and the Washington Post.
Hu acknowledged “some differences and sensitive issues between us,” but his tone was generally compromising, and he avoided specific mention of some of the controversial issues that have dogged relations with the U.S. over the past year or so—including U.S. arms sales to Taiwan that led to a freeze in military relations between the world’s sole superpower and its rising Asian rival. Read more…
Obama’s Push for China Currency Changes Could Cost U.S. Consumers
When President Obama meets with Chinese President Hu Jintao this week, one of the top items on the agenda will be resolving a dispute over how China sets the value of its currency. If Obama gets his way, it could spur U.S. exports, but it could also mean higher prices for American consumers.
For over a decade, China has held down the value of its currency, the Yuan, in relation to the dollar. That helps keep the cost of the goods Americans buy from China low and the price of American goods sold in China high. The cheap Chinese currency has helped open a wide trade imbalance between the two countries. In 2010, China’s trade advantage with the U.S. was more than $252 billion.
The Obama administration has made stopping China’s currency manipulation a central focus of the president’s push to increase American exports.
“China still closely manages the level of its exchange rate and restricts the ability of capital to move in and out of the country,” Treasury Secretary Timothy Geithner said is a speech last week. “As the [International Monetary Fund] has said consistently, these policies have the effect of keeping the Chinese currency substantially undervalued.”
On the surface, it’s a positive for Read more…
WikiLeaks: China Hiding Military Build Up
AUSTRALIA’S intelligence agencies believe China is hiding the extent of a huge military build-up that goes beyond national defence and poses a serious threat to regional stability.
A strategic assessment by the agencies found China’s military spending for 2006 was $90 billion – double the $45 billion announced publicly by Beijing.
Australia’s peak intelligence agency, the Office of National Assessments, as well as the Defence Intelligence Organisation and the Defence and Foreign Affairs departments concluded that China was building a military capability well beyond its priorities of self-defence and preventing Taiwan’s independence.
”China’s longer-term agenda is to develop ‘comprehensive national power’, including a strong military, that is in keeping with its view of itself as a great power,” says a copy of the secret assessment provided by Foreign Affairs officials to the US embassy in Canberra.
”We agree that the trend of China’s military modernisation is beyond the scope of what would be required for a conflict over Taiwan. Arguably China already poses a credible threat to modern militaries operating in the region and will present an even more formidable challenge as its modernisation continues.”
Details of the 2006 intelligence assessment are contained in a US embassy cable obtained by WikiLeaks and provided exclusively to the Herald.
The Australian document goes on to warn that the pace of China’s military build-up and ”the opacity of Beijing’s intentions and programs” was ”already altering the balance of power in Asia and could be a destabilising influence”.
”There is the potential for possible misconceptions which could lead to a serious miscalculation or crisis,” it says.
The Australian intelligence agencies suggest China could overestimate its own capabilities with a significant risk of strategic miscalculation and instability.
”The nature of the [People’s Liberation Army] and the regime means that transparency will continue to be viewed as a potential vulnerability. This contributes to the likelihood of strategic misperceptions,” the document says.
”The rapid improvements in PLA capabilities, coupled with a lack of operational experience and faith in asymmetric strategies, could lead to China overestimating its military capability. These factors, coupled with rising nationalism, heightened expectations of China’s status, China’s historical predilection for strategic deception, difficulties with Japan, and the Taiwan issue mean that miscalculations and minor events could quickly escalate.”
Although successive Australian governments have called on China to be more transparent about its military spending, ministers and diplomats have studiously avoided public reference to the scale of the discrepancy between Beijing’s published figures and the likely reality behind the scenes.
The Australian estimate of a 2006 military budget of $US70 billion ($90 billion at the September 2006 exchange rate), has not been revealed previously – though it is consistent with academic and published US government estimates of China’s growing military spending.
The secret Australian assessment is also much sharper than the language later employed in the Rudd government’s 2009 Defence white paper, which said China was on the way to becoming Asia’s strongest military power ”by a considerable margin” and warned that the pace and scope of its growth could give its neighbours cause for concern if not properly explained.
The Rudd government publicly played down reports of a hostile Chinese reaction to the white paper when it was published, but secretly briefed the US that Beijing had threatened that Australia would ”suffer the consequences” if references to China’s growing military capabilities were not watered down.
The Defence Chief, Air Chief Marshal Angus Houston, and the then defence minister, Joel Fitzgibbon, insisted that China had no problem with the white paper. But other leaked US embassy cables report that the then deputy secretary for Defence, Mike Pezzullo, briefed US diplomats that he had been ”dressed down” by Chinese officials who had a ”look of cold fury” at the references to China in the white paper.
In the September 2006 briefing of the US embassy, Foreign Affairs officials advised that Australia hoped to use its defence relationship with China to promote increased transparency in that country’s military development plans.
”We remain focused on deepening the Australia-China defence relationship in areas such as peacekeeping, counter-terrorism and junior leadership exchanges, while remaining cautious to avoid practical co-operation that might help the PLA to fill capability gaps,” the Australian paper presented to the embassy concluded.
The Royal Australian Navy and the Chinese navy held their first joint exercise involving firing of live ammunition in September last year.
Last month the Defence Department secretary, Ian Watt, and Air Chief Marshal Houston attended the 13th annual Australia-China Defence Strategic Dialogue, which was hosted in China by General Chen Bingde, the chief of the PLA General Staff.
Dr Watt said that the dialogue was ”an integral component of Australia’s defence engagement with China, and provided the opportunity to have frank and open conversations and to exchange views on areas of common interest”.
Dr Watt and Air Chief Marshal Houston also met the vice-president and deputy chairman of China’s Central Military Commission, Xi Jinping.
Air Chief Marshal Houston said: ”We committed to continuing to develop our military relationship and practical cooperation together.”
EU Debt bought up by China
Published: January 6, 2011 07:46 ET in Asia
China has been increasing its holdings of European government debt, including that issued by Spain, amid the euro-zone crisis, Chinese Vice Commerce Minister Gao Hucheng was quoted as saying on Thursday.
The Spanish daily El Pais on Thursday cited Spanish government sources as saying China has committed to buy about 6 billion euros ($7.89 billion) worth of Spanish sovereign debt.
In a statement on the ministry’s website, Gao also said that China was confident in Spanish and European financial markets and confident that they would be able to overcome Europe’s debt crisis, the Wall Street Journal reported.
“We will continue to buy debt and work together with Spain,” said Gao, who is accompanying Chinese Vice Premier Li Keqiang on a visit to Spain and other European countries.
Both officials have expressed confidence that Spain will recover from its economic crisis despite market fears of an Irish-style bailout.
El Pais published an article written by Vice Premier Li, titled, “China and Spain: A brighter future through win-win cooperation.”
Political and corporate leaders increasingly see China as a source of capital. China’s foreign-exchange reserves are by far the world’s largest, totaling $2.648 trillion at the end of September.
In the meantime, the economic mood in Europe ended 2010 on a high note, a key indicator released Thursday showed.
The European Commission’s closely watched business and consumer survey for the members of the euro currency bloc rose from 105.2 in November to a more-than-forecast 106.2 last month. The consensus among economists was that the index would nudge up to 105.5.
Ben May, European economist with the research group Capital Economics, told Monstersandcritics.com the data suggested that, “the improving global economic outlook is offsetting the ongoing troubles in the periphery.”
China J-20 STEALTH FIGHTER VIDEO FOOTAGE
Robert Gates, the US defense secretary, recently said China would be able to produce a combat jet by 2020, but if the video is genuine, it would suggest that it may be able to do so a decade or more sooner.
The photographs come amid growing fears over China’s rapidly-expanding military capabilities. Naval experts have expressed concern over the Dong Feng-21D ballistic missile, which is designed to target aircraft carriers in mid-sea – thus denying the United States its traditional military dominance of the Pacific.
South Africa: Another BRIC in China’s Wall
China’s President Hu Jintao has sent an invitation to South African President Jacob Zuma to attend the third BRICs leaders’ summit to be held in China. Picture: Zuma (center) celebrates the 25th anniversary of the Congress of South African Trade Unions (COSATU) on December 4, 2010 in Johannesburg. (File Photo/CFP)
At China’s invitation, South Africa is set to join the Brazil, Russia, India and China (BRIC) group of emerging nations and will attend the first summit of the leading emerging economies in April this year. The group will thus be renamed the “BRICS,” but doubts remain over the suitability of the African nation to join the exclusive club of the fast-growing economies.
Lauding the Chinese decision to invite her country to the BRIC bloc, South Africa’s Cooperation Minister Maite Nkoana-Mashabane said the invitation was conveyed to her by China’s Foreign Minister Yang Jiechi. She said Chinese President Hu Jintao also sent an invitation to President Jacob Zuma to attend the third BRIC leaders’ summit to be held in China. Read more…
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