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Νέα και Παράξενα-Σελίδες εναλλακτικής πληροφόρησης και ειδήσεων-alternative informations

Posts Tagged ‘Japan’

ΚΙΝΕΖΟΙ ΔΙΑΔΗΛΩΤΕΣ ΚΡΑΥΓΑΖΟΝΤΕΣ «ΚΑΤΩ Ο ΑΜΕΡΙΚΑΝΙΚΟΣ ΙΜΠΕΡΙΑΛΙΣΜΟΣ» ΚΑΙ «ΦΕΡΤΕ ΠΙΣΩ ΤΑ ΛΕΠΤΑ ΜΑΣ» ΕΠΕΤΕΘΗΣΑΝ ΕΝΑΝΤΙΟΝ ΤΟΥ ΑΜΕΡΙΚΑΝΟΥ ΠΡΕΣΒΕΥΤΗ ΣΤΟ ΠΕΚΙΝΟ

Posted by satyrikon στο 19 Σεπτεμβρίου, 2012

Chinese Protesters Chant «Down With US Imperialists», Attack Car Of US Ambassador In Beijing

U.S. ambassador to China surrounded by protesters, car damaged

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Posted in China, ΕΠΙΚΑΙΡΟΤΗΤΑ, ΚΙΝΑ, ΠΛΗΡΟΦΟΡΙΕΣ, επικαιρότητα | Με ετικέτα: , , , , , , , , , , , | Leave a Comment »

Ο ΚΟΣΜΟΣ ΣΤΟ ΧΕΙΛΟΣ ΤΟΥ ΠΟΛΕΜΟΥ? – A World On The Verge Of War?

Posted by satyrikon στο 16 Σεπτεμβρίου, 2012

Revolutionary Guards

Revolutionary Guards (Photo credit: Wikipedia)

Here is a summary of where the world stands:

From Reuters:

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After Creating Dollar Exclusion Zones In Asia And South America, China Set To Corner Africa Next | ZeroHedge

Posted by satyrikon στο 15 Ιουλίου, 2012

National emblem of the People's Republic of China
National emblem of the People’s Republic of China (Photo credit: Wikipedia)

By now it really, really should be obvious. While the insolvent «developed world» is furiously fighting over who gets to pay the bill for 30 years of unsustainable debt accumulation and how to pretend that the modern ‘crony capitalist for some and communist for others’ system isn’t one flap of a butterfly’s wings away from full on collapse mode, China is slowly taking over the world’s real assets. As a reminder: here is a smattering of our headlines on the topic from the last year: «»World’s Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade», «China, Russia Drop Dollar In Bilateral Trade», «China And Iran To Bypass Dollar, Plan Oil Barter System», «India and Japan sign new $15bn currency swap agreement», «Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says», «India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees», ‘The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap», and finally, «Chile Is Latest Country To Launch Renminbi Swaps And Settlement», we now get the inevitable: «Central bank pledges financial push in Africa.» To summarize: first Asia, next Latin America, and now Africa.

Yep: the Yuan may not be the reserve currency by default, but at this
rate China will have bilateral, read USD-bypassing relations, with all
countries in Asia, South America and shortly Africa (where none other
than Goldman Sachs has been pushing harder than anyone). Once the entire
world is trading in CNY, it will be merely a matter of flipping the
switch and all those fancy three-letter economic theories that explain
why the uber-welfare state works just becayse the US can print an infinity+1 in debt, will all suddenly find themselves completely and totally bidless.

From China Daily:

China is to promote the yuan’s use in settling trade and
investment with Africa, and encourage the more active development of
Chinese financial institutions across the continent, a senior central
bank official said on Friday.

 

Li Dongrong, assistant governor of the People’s Bank of China, said
Africa has the capability of becoming a new hub of international capital
flow, and the yuan’s use there should be further improved in accordance
with rising demand for the currency there.

 

«We will continue to encourage domestic financial institutions to
increase their presence and business across the continent,» Li told
delegates at the Forum on China-Africa Financial Cooperation in Beijing,
adding that the cooperation potential between the two sides is huge, as
Africa’s economy continues to take off.

 

According to Li, yuan-denominated settlement between China and some
African countries has already started, with 4.3 billion yuan ($156.5
million) worth of settlement made with South Africa and 2.3 trillion
yuan with Mauritius, for example.

 

The popularity of using the yuan has been increasing in Africa, and
more central banks are considering including the currency in their
reserve portfolios, reported various governors of African central banks
at the forum.

For China, Ghana is not Spain. It is far, far more valuable.

Millison Narh, second deputy governor of the Bank of
Ghana, said the bank’s board of directors has decided to use the yuan as
part of its settlement and reserve currencies in January, but has yet
to finalise details with the People’s Bank of China

 

«We have looked at the currency rate risk management of the reserve
portfolio. I think the yuan has performed very well, supported by the
huge international reserves of China. It makes sense to use the yuan as
both the settlement currency and the reserve currency.»

 

More African central banks will make similar decisions, and in five
years about 20 percent of African central banks’ foreign reserve
portfolio would be yuan assets, he said.

So is Zambia:

Michael Gondwe, governor of the Bank of Zambia, added
that his country is yet to decide on including the yuan in its foreign
reserve assets, but it is expecting increased usage of it to settle
trade between China and Zambia.

 

Franklin Kennedy, a non-executive director of the African
Export-Import Bank, said he believed using the yuan on the continent was
«a natural evolvement – it has to happen», and expects more African
central banks to include the currency in their foreign reserve
portfolios.

Of course the French, who are not used to being snubbed in what is
rapidly becoming a second Congress of Berlin, only this time one without
any European participation, are not very happy:

One trade finance manager at Societe Generale (China)
Ltd, who declined to be named, said he has seen little demand among
traders to settle deals in yuan, because there is no sound channel to
make investment or purchases in yuan after holding the currency.

As for the truth:

Babacar Ndiaye, the former president of the African
Development Bank, said he saw «no reason» why traders would refuse to
settle transactions in yuan «when the trade flow increases» between
China and Africa.

 

«It is logical that very soon more and more central banks of Africa will follow Nigeria to include the yuan into their reserves,» he said

 

He added at present it is just the beginning, and central banks would
also prefer to buy treasury bonds from China in the future if possible.

But… but… if the whole world suddenly realizes that the CNY is the defacto reserve currency and «would also prefer to buy treasury bonds from China in the future if possible«… who does that leave as natural buyers for US paper? Aside from the Fed of course…

μέσω After Creating Dollar Exclusion Zones In Asia And South America, China Set To Corner Africa Next | ZeroHedge.

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BAILOUT ALERT! U.S. Federal Reserve Secretly Provided $ 114 Billion to Canada’s Big Banks « THE INTERNET POST

Posted by satyrikon στο 5 Ιουνίου, 2012

WTF……

The Maple Spring in Quebec has blossumed into a mass movement of public education on the need for regime change at a time when many crises are going from bad to worse; when humanity is governed by a transnational cartel of kleptocratic psychopaths who want to make war not love; who want privatize all public wealth for themselves and socialize all liability flowing from their mistakes, frauds, speculative excesses, outright frauds, astronomical thefts, and giant misdeeds.

Take Fukushima for instance. On March 3, 2011 the antique GE Mark I reactors at Fukushima nuclear energy plant Number One began a series of explosions triggering nuclear meltdowns after a thoroughly predictable earthquake and tsunami hit the islands of Japan. The chain reaction of spreading criticality has continued ever since. The result is like a slow motion nuclear war with the earth’s environment, including our own human persons, gradually absorbing heightening doses of radioactive contamination.

Why is the crisis so grave?

CONTINUED HERE

via BAILOUT ALERT! U.S. Federal Reserve Secretly Provided $ 114 Billion to Canada’s Big Banks « THE INTERNET POST.

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So Much For The G7 | ZeroHedge

Posted by satyrikon στο 5 Ιουνίου, 2012

Just as expected an hour ago…

JAPANESE FINANCE MINISTER AZUMI SAYS G7 WILL NOT ISSUE A JOINT STATEMENT

AZUMI: G7 DID NOT DISCUSS GREECE LEAVING THE EURO

But…

AZUMI: G7 AGREED WILL WORK TOGETHER TO DEAL WITH PROBLEMS IN SPAIN, GREECE – RTRS

AZUMI URGED EUROPE TO EASE CONCERNS OF FINANCIAL MARKETS

AZUMI: G7 AGREES TO COOPERATE TO RESOLVE SPAIN, GREECE PROBLEMS

Luckily, they did discuss the…. Yen?

AZUMI TOLD G7 JAPAN IS CONCERNED ABOUT RAPID YEN RISE

At least they agreed to agree to hold another press conferences… when XO is over 1000 bps. And so much for that. Next up on the disappointment ladder: the ECB.

via So Much For The G7 | ZeroHedge.

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