65th Anniversary Of WW II Victory

China commemorates 65th Anniversary of the end of WW II Thursday in Changsha, Hunan Province Sailors in China, attend a ceremony to commemorate the 65th Anniversary of the end of World War II in Shanghai More here China Marks 65th Anniversary of WW II Victory—Sina English Related Posts: Pearl Harbor Marks 65th Anniversary of WW [...]

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The circus in Copenhagen

This just gets better and better… First, as world leaders huddle indoors to work on a global warming deal, four inches of snow dumped onto Copenhagen. I’m also sure that the heater is turned on inside the conference rooms and world leaders wore big coats. Yes, the Earth is warming up indeed. Then it’s reported [...]

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The bloated Chinese economy?

In recent years China’s economy has been the envy of the world. It’s grown consistently and even amidst the global recession, China emerged as the savior of several Western economies, namely ours, by loaning America money and buying our debt. But what is China has been cooking its books? What if it’s just another Enron, [...]

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Trading missile tech for Chinese money

In his latest move President Obama fails in foreign, military, and economic policies all at once: President Obama recently shifted authority for approving sales to China of missile and space technology from the White House to the Commerce Department — a move critics say will loosen export controls and potentially benefit Chinese missile development. The [...]

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The dollar losing favor among oil traders

U.K. based The Independent is reporting that several Arab states, alongside China, Russia, Japan, and France, are to end oil transactions in the U.S. dollar, instead dealing in mixed currencies like the euro, yuan, yen, gold, and perhaps even a planned unified currency: Secret meetings have already been held by finance ministers and central bank [...]

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It’s OK to meet with Iranian officials but not the Dalai Lama

Since 1991 the U.S. president has always met the Dalai Lama whenever he’s in town, but looks like President Obama will break the streak. The obvious reason? China. Beijing has got the White House by its you-know-what because we depend on China’s buying of American debt to finance our skyrocketing spending. It’s apparent that aids [...]

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Not much interest in Treasury auctions

This is not good at all. The Obama administration and Congress have insisted on spending more money to rescue our failing economy, in turn letting the nation take on billions of dollars in debt in hopes that foreign countries like India and China would finance the U.S. out of this recession. But if recent Treasury [...]

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Breaking the deficit record: $1 trillion

For the first time ever, the federal deficit has reached $1 trillion and could balloon to even more. The depressed economy means much lower tax revenues from families and corporations, add on to the fact that we’re still fighting a war in Afghanistan, plus a $700 billion in financial bailout and a $787 billion stimulus [...]

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China learns lesson from Iran in dealing with Xinjiang protests

Tweets about the Iran election continue to pour in, making #IranElection still a top Twitter trend. But you’re not going to see many tweets about, say, the deadly protests in China’s remote Urumqi, Xinjiang province where 140 have died. Communist China, the operator of the world’s largest firewall (often dubbed the “Great Firewall of China”), [...]

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The unheard protest in Shishou, China

While most of the world’s media is tuned into the protests in Iran over the fraudulent presidential election, a few hundred protesters gathered in Shishou, Hebei province, China to protest the authority’s handling of 24-year-old Tu Yuangao’s death. The protesters claim a government cover-up of Tu’s death as suicide rather than murder. Tu was an [...]

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Remembering Tiananmen

On the surface today’s China is vastly different from that of June 4, 1989. Today we see China as a major economic power by embracing capitalism, its economic might enough to challenge America and the West. Today we see the country more active in international cooperative affairs. Twenty years ago students gathered peacefully in Tiananmen [...]

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Buy our Treasuries, we’ll keep quiet about Tiananmen

It’s quite upsetting knowing that we as Americans are so indebted to China economically that our Treasury Secretary has to travel to Beijing short of begging the Chinese to buy dollar assets… Although China has become prosperous in recent years thanks to the government embracing capitalism, it’s still a communist nation with little regard for [...]

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Geithner reassures China on dollar assets, gets laughed at

Our Treasury Secretary, not Secretary of State Clinton, is visiting China to calm Beijing’s nerves about the once-mighty U.S. dollar. As of first quarter China holds a record $768 billion of U.S. Treasuries, and the Chinese are very worried about Washington’s budget deficit and liberal monetary policy causing hyperinflation down the road. After responding to [...]

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Australia is losing faith in America

Australia, our longtime ally on the other side of the globe, is beefing up its defense forces in anticipation of a weakened America and strengthening regional powers like India, China, and Russia, on top of threats from North Korea and Islamist terrorism. Prime Minister Kevin Rudd has released a report about Australia’s national security issues [...]

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Chinese national plotted to help Iran with nukes

Chinese financier Le Wang Fei is indicted on 118 counts for using U.S. banks to help Tehran get materials for nuclear weapons. He set up shell entities and false identifies to open accounts in all the major N.Y. banks like Mellon, Citibank, JPMorgan Chase, Wachovia, Bank of America, and Standard Charter Bank. Chance of extradition? [...]

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