China Demands The US Make Statement Promising Its Dollar Assets Will Be Held Safe

Originally posted by kwakakev
reply to post by MisterCrowley

 

Well help enlighten me, where is this plan?

They are sitting in a vault at the Pentagon.

Yes there's more than one and they are all classified.

Trust us.

What China is doing:

China today, as well as in yesteryears has their eyes on expansion. Needed because of resources that are very much needed like oil, gas, food etc, even more so now that the Chinese Government is talking about doing away with their population control policies. The stumbeling block to that expansion has always been the United States and Russia, who until recently was the additional card for China to behave. Recently China and Russia have been warming up to each other, including joint military exersizes, China buying top of the line aircraft and weapons, including a retired Soviet Aircraft Carrier, as well as the Blueprints for their newer ones as well as pieces of those that were already under construction before the collapse of the Soviet Union.

Where are we now?

Lets take a look at 3 main areas that are key to China emerging as a Superpower

Renewed Territorial Claims by China:


Recently China has gained:
Tajikistan agrees to give disputed land to China
Pakistan turns over land to China

Maritime Claims counter to UN allowances:

China claims a 12-nautical-mile territorial sea, a 24-nautical-mile contiguous zone, a 200-nautical-mile exclusive economic zone, and a 200-nautical-mile continental shelf or the distance to the edge of the continental shelf.

* - Both the People's Republic of China and the Republic of China (Taiwan) officially claim to be the legitimate government of "China", including Taiwan and nearby islands currently controlled by the Republic of China. The Republic of China (Taiwan) does not actively pursue its claims on the mainland.

* - 10 features in the Yalu river are in dispute with North Korea.

* - Boundary with India in dispute; see Aksai Chin, South Tibet and the borders along the states of Himachal

* - Pradesh and Uttaranchal with Tibet Autonomous Region.

* - Portions of the boundary with Bhutan (China and Bhutan have not yet established diplomatic relations, nevertheless negotiations are ongoing as of 2008).

* - Claims Japan-administered Diaoyutai/Diaoyu Islands/Senkaku Islands (Diaoyutai), as does the Republic of China.

* - Paracel Islands administered and occupied by the People's Republic, but claimed by the Republic of China (Taiwan) and Vietnam.

* - Involved in a dispute with the Philippines over Scarborough Shoal.

* - Involved in a complex dispute over the Spratly Islands with the Republic of China (Taiwan), Malaysia, the Philippines, Vietnam, and possibly Brunei.

* - Exclusive Economic Zone disputes with North Korea in the Yellow Sea; South Korea in the Yellow and East China Seas; Japan in the East China Sea (ja:東シナ海ガス田問題, zh:东海油气田问题); Vietnam, the Philippines, Malaysia, Brunei and Indonesia in the South China Sea.

Military - Whats an eye opener is the Stealth Plane. The photos of that were leaked by the Chinese military as a shot across the bow. The questions then became can it fly. Once Gates was in country, the Chinese started their test flights of that aircraft, another shot across the bow.

The most disconcerting part of all of this is Gates being taken to task by his Chinese counterpart during a joint press conference. It wasnt that he was taken to task that was the problem, it was the fact it was done without the approval of the Chinese civilian leaders. The Chinese military was apparently pissed Gates was invited for a visit over the objections of the military.

This is the first time I have seen the Chinese Military take actions on their own without offical sanction. To me its signals a possible massive problem that might be in the making. That the central government might be loosing control over the PRC Military apparatus.

August 2010 - Chinese Military Buildup
Chinese Military buildup before Gates visit
Chinese test flight of new stealth plane during Gates visit
Gates tours Chinses Nuclear Missile base
New Chinese sub base concerns India
New Chinese sub base in PAcific
Chinese deploy aircraft killing missile
China building Aircraft Carrier
"Private Chinese Company" buys old aircraft carrier from Ukraine to use as a floating Casino, instead towed to military base and upgraded
China training naval aviators

Economic:
China uses precious strategic metals as leverage
China starts phase 2 of Strategic Oil Reserve program
China-Russia drop US dollar in Bilateral trade
China threatens Nuclear option on US currency if the US imposes trade sanctions to force the revaluation of the Yuan
China buys up European Debt
China buys up Japanese debt
China keeps buying US debt
China to continue to buy Spanish debt
China offers to buy Greek debt
China offers to assist Portugal
China helps take pressure off the Euro
2009 - China repegs the yuan to the dollar

ChinaMain article: Strategic Petroleum Reserve (China)
In 2007 China announced an expansion of their crude reserves into a two part system. Chinese reserves would consist of a government-controlled strategic reserve complemented by mandated commercial reserves.[11] The government-controlled reserves are being completed in three phases. Phase one consisted of a 101,900,000 barrels (16,200,000 m3) reserve, mostly completed by the end of 2008. The second phase of the government-controlled reserves with an additional 170,000,000 barrels (27,000,000 m3) will be completed by 2011.[12] Recently, Zhang Guobao the head of the National Energy Administration also stated that there will be a third phase that will expand reserves by 204,000,000 barrels (32,400,000 m3) with the goal of increasing China's SPR to 90 days of supply by 2020.[13]

The planned state reserves of 475,900,000 barrels (75,660,000 m3) plus the planned enterprise reserves of 209,440,000 barrels (33,298,000 m3) will provide around 90 days of consumption or a total of 684,340,000 barrels (108,801,000 m3).[14]

This is just some of the information floating around out there as to whats going on. There is nothing wrong with China wanting to become a World Power, provided its not in the image of Charlemagne or Hitler.

One of the road blocks to that rise is the United States and its Navy in the region China is pretty much claiming as their own (SouthEast Asia, South China Sea etc etc). China wont riska direct encounter with the United States because not onl would they get screwed out of the 2 TRillion in US debt they own, they would also loose the US Market, which right now is their largest consumer ofr their products.

The US trade imbalance is around 70 billion a month give or take, wchich is pretty much pure profit for China, who then turns around and uses that surplus to either upgrade the military, which they have been doing for sometime, or buying items from any country except the United States.

In a direct Military confrontation China would loose. Simply because we are not looking to invade them. It would be naval and airforce, and in the end, with their brown/green water navy comapred to our Blue water navy, we would come out ahead on that one.

So instead, its economic warfare.. Buy up as much debt as possible, put us into a position of being extremely vulnerable, then start announcing to the world concerns about the US dollar.

** --- BOOM ---**

Confidence in the US economy is shaken. Confidence in the US Government takes a hit for spending like drunken yuppies. Confidence in the US military takes a hit because the money behind that is now in jeopardy.

While doing that China announces plans to reign in their strategic metal sales, creating a reserve supply for themselves. China control about 97% of World strategic metal supplies, which are used in highend hightech items, which you can guess is paramount to the US economy.

So we have another hit, which is loss of access to metals required for civilian and our military economies. Several countries come together and push the idea of dropping the US dollar as a standard for oil trade. It does not have to happen, it just needs to be suggested, and boom, again confidence in the US system is shaken. Couple that with the recent alliances between China, Russia Venezuela and Iran, which are now giving support to countries that used to be long time allies of the US, and you create a secondary crisis.

These countries who now see no option but to rely on China for survival and access to material will be pulled away from the US. Normally this would not be a big deal, since it occurs all the time, we are faced with loss of markets, access to strategic resources we do not have on our own.


Anyways you get the idea, all of the above.. followed by week 2.

China is positioning itself to take over the world, one economy at a time. The question becomes what happens at margin call? Do we still sing The National Anthem, or will we have to check with the local communist party office, who would need to call back to mainland China for clearence from the Politbureau.

Its our own fault we ever made it to this point, and I for one would rather slash spending across the board, sell off gold and what else we have to get out of debt, and start over. I can live with no cable TV and what not if it means we can get out from under Chinas Thumb.

The only thing we have going for us is the fact that we have been where China is headed. Rest of the world relying on them for economic, military support etc etc.

The question is do we learn from our mistakes, or do we repeat history...

Originally posted by Xcathdra
Maritime Claims counter to UN allowances:

China claims a 12-nautical-mile territorial sea, a 24-nautical-mile contiguous zone, a 200-nautical-mile exclusive economic zone, and a 200-nautical-mile continental shelf or the distance to the edge of the continental shelf.

I'm confused... what do you mean "counter to UN allowances? That's pretty much the standard, really.

Countries claiming a 12 nm territorial sea include Albania, Algeria, Angola, Antigua and Barbuda, Argentina, Australia, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Brazil, Brunei, Bouvet Island[9] Bulgaria, Cambodia, Cameroon, Canada, Cape Verde, Chile, People's Republic of China, Republic of China, Colombia, Comoros, Cook Islands, Costa Rica, Côte d'Ivoire, Croatia, Cuba, Cyprus, Democratic People's Republic of Korea, Democratic Republic of the Congo, Denmark[10], Djibouti, Dominica, Egypt, Equatorial Guinea, Eritrea, Estonia, Faroe Islands[11], Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Kenya, Kiribati, Kuwait, Latvia, Lebanon, Libya, Lithuania, Madagascar, Malaysia, Maldives, Malta, Marshall Islands, Mauritania, Mauritius, Mexico, Micronesia, Monaco, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nauru, Netherlands, New Zealand, Nicaragua, Nigeria, Niue, Norway,[12] Oman, Pakistan, Panama, Papua New Guinea, Poland, Portugal, Qatar, Republic of Korea, Romania, Russia, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, São Tomé and Príncipe, Saudi Arabia, Senegal, Seychelles, Sierra Leone, Solomon Islands, South Africa, Spain, Sri Lanka, Sudan, Suriname, Sweden, Syria, Thailand, Timor-Leste, Tonga, Trinidad and Tobago, Tunisia, Turkey (in the Black sea and Mediterranean), Tuvalu, Ukraine, United Arab Emirates, United Kingdom, United Republic of Tanzania, United States of America, Uruguay, Vanuatu, Venezuela, Vietnam and Yemen.

Benin, Republic of the Congo, Ecuador, El Salvador, Liberia, Peru, Somalia and Iceland, meanwhile, claim a whopping 200 nm territorial sea.

Countries claiming a 24 nm contiguous zone include Algeria, Angola, Antigua and Barbuda, Argentina, Australia, Belgium, Brazil, Bulgaria, Cambodia, Canada, Cape Verde, Chile, People's Republic of China, Cuba, Cyprus, Denmark, Djibouti, Dominica, Dominican Republic, Egypt, France, Gabon, Ghana, Haiti, Honduras, India, Iran, Jamaica, Japan, Madagascar, Maldives, Malta, Marshall Islands, Mauritania, Mexico, Morocco, Mozambique, Myanmar, Namibia, Nauru, New Zealand, Nicaragua, Norway, Oman, Pakistan, Panama, Portugal, Qatar, Republic of Korea, Romania, Russia, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, Senegal, Seychelles, Sierra Leone, South Africa, Spain, Sri Lanka, Syria, Thailand, Timor-Leste, Trinidad and Tobago, Tunisia, Tuvalu, United Arab Emirates, United States of America, Uruguay, Vanuatu, Vietnam and Yemen.

Source: Wikipedia

So it's not like the Chinese are going rogue with this or anything....

reply to post by Xcathdra

Very nicely put together.

As I said recently now we know why China funded Clinton's election and Clinton turned around and sold out the USA.

We also now know why Maurice Strong is sitting in Beijing acting as a senior advisor to China. He was senior advisor to the World Bank and responsible for the start of the demise of US Manufacturing back in 1972 when he chaired the First Earth Summit.

You might want to put on your tinfoil hat and take a look at my Ultimate Conspiracy Theory!

I sure would like someone to convince me I am wrong.

reply to post by TedStevensLives


In reference to the EEZ and the continental shelf. As with other countries with shared maritime boundaries, the difference is split down the middle. In the case of China and Japan, China is claiming the full 200 miles out, which pushes into the Japanese zone. In an effort to avoid the split, China is asserting a claim to the Islands Japan owns there, which is being used as a reason why they wont go along with the down the middle split.

Japan suggested a split, which is the norm, and China delcined it. This is the same problem in the South China sea where other resources are being located under the ocean. Instead of splitting the difference, its an all or nothing attitude.

reply to post by Xcathdra

Good startrek analogy Xcathdra, The federal reserve remind me of the Ferengi.

The US economy is as safe as ever. Fluctuations in any economic system are a normal part of life. As corruption and greed rule the world, many will grow rich at the expense of those who trusted them.

There's a reason why real estate and stock market professionals are called "brokers."

There's a reason why the US Congress is not called the US Progress.

There's a reason you enter a doctor's office as a patient, and they have a practice.

I suggest you take more responsibility for your health and welfare.

America will not fail the Chinese. We would not intentionally sell our dollars to any foreign partner with the intent of deception or robbery.

Get real, folks.

Uncle Sam say 'Not a problem' - Here, let me write you a check.

Originally posted by Xcathdra
reply to post by TedStevensLives

 

In reference to the EEZ and the continental shelf. As with other countries with shared maritime boundaries, the difference is split down the middle. In the case of China and Japan, China is claiming the full 200 miles out, which pushes into the Japanese zone. In an effort to avoid the split, China is asserting a claim to the Islands Japan owns there, which is being used as a reason why they wont go along with the down the middle split.

Japan suggested a split, which is the norm, and China delcined it. This is the same problem in the South China sea where other resources are being located under the ocean. Instead of splitting the difference, its an all or nothing attitude.

edit on 12-1-2011 by Xcathdra because: (no reason given)

Can you give me a source for the "Japan suggested a split, which is the norm, and China delcined it" statement?

They way I see it, both countries are staking their claim in the Daioyu/Senkaku islands (the biggest of which is 2 miles by 1 mile of barren rock, so "island" is a tad generous), since the oil fields around them would be included. This is standard operating procedure and happens all around the world, all the time. A good example would be South Talpatti and ...I can't remember the name at the moment but there's a contested rock somewhere near Britain that Greenpeace claimed a while back. There'll also be some new rumblings in northern-Europe sooner than later, methinks (as they find the oil).

So I really don't see why this should be a bigger issue than other contested maritime boundaries. Please correct me if I'm wrong, though--that's what I'm here for.

reply to post by TedStevensLives


The video linked should talk about it. And the size of the island is irrelevant in terms of claiming an EEZ. All that is needed is for the very tip of a undersea landmass to break the surface and a country to claim it, at which point they can claim a 200 mile EEZ from that tip.

This is how France is able to fish in the waters off Canada. There is small island in that area that is still sovereign territory owned by France.

South China Sea - EEZ problems - Wiki

It has to do with extensions from a landmass as opposed to an EEZ extension by using the continental shelf.

The PRC uses the continental shelf claim because, as the article states and as wel have seen here and in other threads, is more favorable to continental nations as opposed to island nations.

Theortetically using the continental shelf as the standard could very easily isolate and island nation by extending the EEZ up to the territorial waters, moving around that area past the island, continuing the EEZ.

as an example Japan, which is an Island, would also become an economic Island with a Chinese EEZ extending past them.

Yes, thank you, I'm fairly familiar with how these things work. I don't see how any of the above pertains to anything stated or asked (I might in a minute, though). Again, this really just sounds like another maritime boundary dispute, not very different from all the others. What's so special about this?

Oh, I just remembered, the rock I was referring to in my last post is called Rockall and is another good example of how common these disputes are. And, for the record, your source calls the islands "rocks" just like I did.

Originally posted by Jim Scott
The US economy is as safe as ever. .... We would not intentionally sell our dollars to any foreign partner with the intent of deception or robbery.

Oh yeah, really? Have you seen this yet: Do You Need a Chinese Bank Account?
We'll have to wait and see how many think the American economy and dollar ain't so safe.

reply to post by Shamanistical

Oh yeah, really? Have you seen this yet: Do You Need a Chinese Bank Account? We'll have to wait and see how many think the American economy and dollar ain't so safe.

Why am I not surprised?