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China has been the only nation who has boasted that it can field a two million man army, precisely as the Bible predicted they would 2,000 years ago. And today, China has been playing a major role in the world. And moreover, China has been moving upon the world stage and aligning itself with the Biblical scenario predicted for it. Despite a pledge by Beijing, China has continued to provide missile help to Iran and Syria. U.S. officials said. These are the nations the Bible predicted China would ally itself with against Israel.
The officials said Chinese companies are providing components and technology to Scud-class programs in both Damascus and Teheran. These include the sale of missile engines and weapons of mass technology to Iran. The State Department has identified China's Jiangsu Yongli Chemicals and Technology Import and Export Corp. as a leading exporter to Teheran.
Jiangsu has already appeared on the State Department list of companies sanctioned by the United States because missile and WMD exports. The list bans the U.S. government or companies from dealing with sanctioned firms. Jiangsu was also identified as a supplier of missile and WMD components for Syria military programs. Syria has obtained Chinese helop for its development of Scud-class missiles. Even though U.S. administration officials said China pledged to end missile help to such countries as Iran and Syria. But by late last year, U.S. officials said the pledge had been violated.
FROM APRIL 2006
China is rising fast and is expected to eclipse the United States economically in the future - its gross domestic product is tipped to overtake that of America by 2045.
While Mr Bush has only given Mr Hu an hour of his time for a state lunch, the global balance of power is changing and in future meetings, the Chinese will set the timetable.
The rise of China is posing awkward questions for the US, along with the realisation that its days as the world's economic superpower are numbered.
Some analysts see America entering a period of "managed decline" not unlike that which Britain has experienced since the end of the Second World War and the end of empire
Beijing's favorite capitalist
According to the nostrums of Reagan Age America, the current Chinese system -- in equal measure capitalist and authoritarian -- cannot actually exist. Capitalism spread democracy, we were told ad nauseam by a steady stream of conservative hacks, free-trade apologists, government officials and American companies doing business in China.
Given enough Starbuckses and McDonald's, provided with sufficient consumer choice, China would surely become a democracy.
And yet, it hasn't. And last week, Treasury Secretary Timothy Geithner traveled there to assure its government that America won't permit China's massive investment in our government's notes to diminish in value -- even if that means we have to cut back on needed public programs.
In explaining China's rise and America's decline, historians may well note that capitalism -- American capitalism, anyway -- far from spreading democracy, actually has played a key role in transforming China into an authoritarian superpower.
The transfer of manufacturing from the United States to China -- driven by the rise of mega-retailers such as Wal-Mart that have been able to enforce a regime of low wages all along their global supply chains -- has diminished our middle class and expanded theirs.
War is being fought on the economic front...China has been buying up all sorts of goodies in Central Asia...Caspian area...etc....I guy on BBC Hardtalk had said that the Chinese are very very aggressive winning almost all Central Asian contracts as well as heavy in Africa...Uganda and Nigeria etc.
Listen up....Australia put the breaks on a few days ago with that big mining deal ....we are talking billions in investment...put to a stop
"Rio Tinto is like a dishonourable woman," read a widely published Xinhua story this weekend. "Once she loved the money in Chinalco's pocket but she actually did not love the man himself. Now she is breaking faith and kicking down the ladder."
This definitely sounds like a spurned lover. But what will the revenge be? Let's hope she doesn't have a knife. Or a blue water navy. Or an inter-continental ballistic missile.
Alas, for the new capitalists of the Chinese state this is a lesson that capitalism is not a romantic business. It makes for realistic bedfellows, not true love. Chinese deal makers may currently view the Australian resource sector has a harlot or a shameless "lady of the night" that has turned down a helpful offer the minute something more lucrative came around.
But that is assuming Chinalco's intentions with Rio were always honourable. And that is ignoring the fact that the "white knight" offer, made in Rio's hour of need, was also extremely favourable to Chinalco, given Rio's weakness at the time. But let's not take sides in this lover's quarrel, shall we?
Swedish iron ore was an important economic factor in the European Theatre of World War II. Both the Allies and the Third Reich were keen on the control of the mining district in northernmost Sweden, surrounding the mining towns of Gällivare and Kiruna. The importance of this issue increased after other sources were cut off from Germany by the British sea blockade during the Second Battle of the Atlantic. Both the planned Anglo-French support of Finland in the Winter War, and the following German occupation of Denmark and Norway (Operation Weserübung) were to large extent motivated by the wish to deny their respective enemies iron critical for wartime production of steel.
Originally posted by camain
This is coming on the hills of the treasury still needing 1.3 trillion for obamas growth plan. I agree with the statement above this is what powerful countries have done to 3rd world nations to destroy there economy and to make there economy subservient to them.
I think what will happen is that the U.S. will do it, then after they get the cash, go to war with china. They will then clear the debt during war, stating that because of the war status, no debt obligations will be fulfilled and declared null and void. This will allow us to to wipe the books clean with them. All future debt after that still be done in the dollar. Additionally us going to war would serve as an example to the arab states as well as europe and russia. The only caviat is if all the countries, all at once started to demand this.
If that happened, then we would be forced instead of war, into bankruptcy. That is a scary situation, not only for us, but for the world as a whole.
just my opinion, but I don't see the u.s. accepting this, and I don't see countries like Japan, and Saudi Arabia accepting it. This would wipe them out financially.
Originally posted by redhatty
If the US .gov agrees to this then I have only one piece of advice
Buy more guns & ammo
The Ticker Guy talks about this today
He says it better than I can
Trust me China is very well aware of what can happen with America very soon.
Originally posted by Alternative
Why flag and not comment?
Anyways, yes, this is huge. But from a moral standpoint, I can't see how the American people wouldn't want it to be this way. I feel uneasy when I think about what the rest of the world will think of America if they are repaid with monopoly money. Not to mention the lack of trust they would leave in the American people and its government. Very interesting situation.
TEHRAN, April 30 (Reuters) - Iran, the world's fourth-largest oil producer, is conducting all its crude trading in euro and yen, instead of the U.S. dollar, an Iranian official was quoted as saying on Wednesday.
Iran has been reducing its exposure to the dollar as the United States has ratcheted up sanctions because of a dispute over Tehran's nuclear programme. In December, an official said 90 percent of its oil export earnings were outside the dollar.
"All of Iran's oil trading is being done with euro and yen," Hojjatollah Ghanimifard, international affairs director of the National Iranian Oil Company, told Fars News Agency