World-News

The Chinese yuan is preparing to overtake the US dollar as the world's reserve currency, economist Nouriel Roubini has warned.

http://snipurl.com/iad6q



US Backing for World Currency Stuns Markets

US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.

http://informationclearinghouse.info/article22300.htm



Asia will author its own destruction if it triggers a crisis over US bonds

Japan beware, crashes have a habit of bringing regime change.
http://snipurl.com/iad7v


From Information Clearing House



http://freepage.twoday.net/search?q=global+market
http://freepage.twoday.net/search?q=reserve+currency
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=Geithner
http://freepage.twoday.net/search?q=IMF
http://freepage.twoday.net/search?q=US+bonds
http://freepage.twoday.net/search?q=Nouriel+Roubini

Seth Sandronsky, Truthout: "A bit like Malcom X, author Minqi Li used prison time to read widely. The latter studied radical political economy for two years when Chinese leaders locked him up for a critical public speech after the Tiananmen upsurge in 1989. That was then. He is an author and assistant professor of economics at the University of Utah now. Li's 'The Rise of China and the Demise of the Capitalist World Economy' is a must-read for all concerned with the future of the earth and its people."

http://www.truthout.org/050109T



http://freepage.twoday.net/search?q=capitalis
http://freepage.twoday.net/search?q=world+economy
http://freepage.twoday.net/search?q=Seth+Sandronsky

Independent Institute
by Ivan Eland

04/13/09

The Pentagon’s annual publication, ‘Military Power of the People’s Republic of China 2009,’ accused China of stocking its military with weapons that can be used to intimidate or attack Taiwan and mitigate U.S. air and naval superiority near its territory. Even if the Department of Defense’s report has not exaggerated the threat from China — unlikely since the department has an inherent conflict of interest in evaluating threats and building weapons to counter those threats — the report is good news. You would never know it by the statement of Ike Skelton, Democratic Chairman of the House Armed Services Committee, who warned that ‘China’s military budget continues a trend of double-digit increases and questions remain about China’s strategic intentions.’ Unfortunately, no questions exist about U.S. strategic intentions, even under a new more liberal president...

http://www.independent.org/newsroom/article.asp?id=2475


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Ivan+Eland

AntiWar.Com
by Justin Raimondo

03/11/09

[T]he Chinese, even more than we, are well aware that America’s moment may be passing. The biggest holders of U.S. debt are Chinese state-owned companies. No wonder they’re resentful of our spy ship trawling their coastline: after all, they paid for it. What ought to be worrying the Obama administration is that the interest they’re getting on their loan may not be enough to cover their national pride deficit. We may have the mightiest military in the world, but if the Chinese stop buying our debt, then the whole structure of the American warfare-welfare state will come tumbling down with astonishing rapidity...

http://www.antiwar.com/justin/?articleid=14384


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=raimondo
http://freepage.twoday.net/search?q=com/justin

Asia Times
by Spengler

12/01/08

America outspends China on defense by a margin of more than six to one, the Pentagon estimates. [1] In another strategic dimension, though, China already holds a six-to-one advantage over the United States. Thirty-six million Chinese children study piano today, compared to only 6 million in the United States.[2] The numbers understate the difference, for musical study in China is more demanding.It must be a conspiracy. Chinese parents are selling plasma-screen TVs to America, and saving their wages to buy their kids pianos - making American kids stupider and Chinese kids smarter. Watch out, Americans - a generation from now, your kid is going to fetch coffee for a Chinese boss...

http://www.atimes.com/atimes/China/JL02Ad01.html


Informant: Thomas L. Knapp

Independent [UK]
by Hamish McRae

10/22/08

On present trends China will take over from the US as the world’s largest economy in about 20 years’ time. Of course that is not certain but if the Goldman Sachs economic growth model continues to reflect correctly the way the BRICs (Brazil, Russia, India and China) are gaining growth vis-à-vis the present developed nations, something like that will happen. That raises a stark question for the US: is it really wise to be so in hock to your greatest commercial rival, the only country that has threatened your economic supremacy for more than a century?

http://www.independent.co.uk/opinion/commentators/hamish-mcrae/hamish-mcrae-america-must-live-within-its-means-968552.html


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=economic+supremacy

http://www.fas.org/blog/ssp/2008/10/isab.php


Global Network Against Weapons & Nuclear Power in Space
PO Box 652
Brunswick, ME 04011
(207) 443-9502
http://www.space4peace.org
globalnet @mindspring.com
http://space4peace.blogspot.com (Blog)



http://freepage.twoday.net/search?q=Wolfowitz
http://freepage.twoday.net/search?q=Condoleeza+Rice
http://freepage.twoday.net/search?q=Cold+War

For China these days it seems that nothing -- not rising energy prices; not sanctions aimed at its more unsavoury business partners, Burma and Sudan; not even the prospect of a nuclear Iran -- can curb its thirst for oil.

http://www.ipsnews.net/news.asp?idnews=42989


From Information Clearing House



http://freepage.twoday.net/search?q=oil+addiction

http://www.lewrockwell.com/block/block97.html



http://freepage.twoday.net/search?q=neocons
http://freepage.twoday.net/search?q=com/block

http://www.theregister.co.uk/2008/03/05/air_force_cyber_command/



http://freepage.twoday.net/search?q=cyberspace