China speeds pace of military buildup

China speeds pace of military buildup

www.washingtontimes.com

China is speeding up its military buildup and developing high-technology forces for waging wars beyond Taiwan, according to the Pentagon's annual report on Chinese military power.
"The pace and scope of China's military transformation have increased in recent years, fueled by acquisition of advanced foreign weapons, continued high rates of investment in its domestic defense and science and technology industries, and far-reaching organizational and doctrinal reforms of the armed forces," the report states.

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This is not a good sign. Why all the secrecy for their buildup? This is a pretty scary thing that we should keep an eye on. A few years back they were saying that China wasn't keeping up with the US when comparing militaries. Now that are guys are spread so thin and very very tired, China seems to be taking advantage of the opportunity. This seems like a sign of something looming on the horizon.

www.washingtontimes.com
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China has a pretty well organized military machine, but they don't really need it when they have already screwed the US economically. They own most if not all of the US debt and they are all cosy snugly with Iran and quite a few African and South American nations that are major oil producers. It really is just a matter of time before the US starts to really feel the squeeze!!

Yesterday the US dollar hit an all time low against the Yen, the markets are all looking a bit shaky. HSBC had to write off shed loads of debt (but still called in a profit - go figure!) as well as US banks that are feeling it, all this sub-prime BS which is the tip of the ice berg IMO. And the Chinese still will out and out refuse to float the RMB which would really help the trade imbalances.

Don't waste your time counting tanks and planes.

Count accountants and lawyers!!

MonKey