China and other Asian countries closing rank against U.S. economic warfare
Asia joints China against coming Wall Street attack
The highly public deployment on May 15, 2006 of 15 US nuclear weapon enabled stealth fighters to South Korea is part of a carefully designed master plan directed at manipulation of Chinese fears and public opinion, not the Chinese Communist leadership. The fighters do not change the balance of military, nor does the planes change the out come of a war between the two Korean armies.
Without firing any nuclear missiles, over one million troops, from North Korea once again would over run South Korea. So why let everyone in Asia who has Internet access know about the stealth fighter plan.
The US stealth fighters are terror weapons designed to rise the level of fear and helpless in the target populations of eastern industrial cities of China of the possibly nuclear strikes. The 330 million Chinese who have text mail or email know the deadly weapons from the Iraq war can reach out and attack any major Chinese city any time. If 15 nuclear enable Mig 29 fighters were deployed to Cuba, the population of Eastern Coast of United States would feel the nuclear threat.
This deployment is the next to the last element of an integrated space-based deployment to provoke the capital flight of 200 billion dollar from the Chinese banking system and the possible collapse of the Chinese central bank. As the Chinese national protests against the Japanese, there is an underlying Chinese rage, looking to take form.
The immediate military target is the puncture of the Chinese housing bubble.
To fight the new US military economic deployments to South Korea and the planned attacks on Chinese banking, Japan and other leading Asian countries have created a 100 billion emergency line of credit. This is the base for an Asian first layer of defense to fight a possible New York City bank take over of China.
Mr. Kuroda is one of Asia’s most influential currency experts and former overseer of Japan’s currency policy. He took a great personal risk and stepped out of the political darkness by sharing a rare insider analysis of how Asia will defend China’s banking from a US attack. Mr. Kuroda in a press conference three day after the US deployment of US nuclear enable fighter to Korea, said that the central question about China’s currency was the need to balance flows of money in and out of China. While he stopped short of commenting on how China should deal with the currency balancing. He detailed the possible negative econonmic the 200 billion pool of speculative hot money building in China’s banking system, and made clear that if the currency adjustment was great, there would a major stock effects to the Chinese economy and a capital flight.
The stealth fighters are part of a military economic warfare campaign to galvanizing internal Chinese fears against Communist China for support of the North Korean nuclear program by using the Internet. The US fighter deployment and threat of nuclear war as puts major new pressure on the very fragile Chinese property market and hot money bubble. Luxury high-rise apartment in Hong Kong have raise in price from 3,000 dollar per square foot in 1997 to 3,979 dollar per square. Foreign investment in Hon Kong has gone from 8 billion is 2002 to over 40 billion. Between 2003 and 2004, foreign investment increase a record 25 billion. According to the World Bank China, has is over 200 billion of speculative hot money, waiting for a major currency movement or political event to take flight from China. The threat of war with North Korea is the final precondition, before triggering the attack on Hong Kong housing bubble. The May 30, 2005 BusinessWeek open talks about how the Capital flight will be triggered. “Conversely, if Beijing were to revalue the yuan and Hong Kong didn’t follow suit, the flow of funds could quickly reverse and send property prices south”…
A critical part of the new US Space arms race and military containment policy of China and North Korea is to use Hong Kong fully convertible currency and open banking to secretly collapse the Chinese housing bubble. This will create massive capital outward flow and then take control of the Chinese banking system. New York city banks would offer a quiet and massive rescue capital in fusion exchange for control (privatization) of two major banks. The primary goal of the containment policy is to ensure continued massive buying of US debt by political policing Asian central banks. A major secondary goal of the containment is the financial collapse and/or limitation the Chinese space and nuclear submarine ICBM programs. Chinese is about to launch another man flight and at the same time, the forth nuclear ICBM missile submarine.
According to the new Washington containment policy Wall Street logic, by limiting Asian industrial growth and investments, the US debt payment structure will be ensued and protected. The financing of China’s massive industrial development is putting major new pressure on US debt servicing. This pressure is so strong today, that China has replaced the US as the number of investment place in the world. This new trend of industrial investment if not stopped, will lead to an Asian centric investment paradigm beyond multinational projects. That is, the world is starting to invest in Asia and other regions, not just multinational projects in Asia. This new investment paradigm is drawing increasing amounts of critical US investment fund away from US debt support.
America military downsizing and Space Command deployment is being serious constrained by China industrial expansion and trade, far more than the Chinese military expansion. The Chinese space program posies a serious threat to the US militarzation of space. US interest rates are being driven up because China and other Asian growth projects offers much better investment opportunities, return on investment (R.O.I.) and risk management than buying worthless US Treasury bills. China’s massive and growing capital needs also have putting the Chinese major banks a serious risk of collapse.
The new Washington military containment scenario is based on maintaining a de facto collapse of China’s stock and bond markets. This successful aspect of the containment policy has forced China has forced to raise massive amounts of capital on the international markets, mostly in New York City and London. Most new Chinese development deals are forcing China to use more and more cash. There only so many ways China can leverage 650 billion of worthless US Treasury debt to ensure foreign loans. Chinese banks are carrying 40 percent non-performing loan; a major capital flight will seriously limit China ability to borrow new capital on the world markets.
China’s growing capital needs is second only to the 650 billion needed to roll over US federal debt. Chinese growth is starting to go head to head with US debt rollover needs in the capital markets. This is seriously limiting the US ability to raise the 650 billion its needs to rollover the massive US federal debt. This emerging China capital dynamics is viewed a deepening national security crisis for both Washington and Wall Street.
This US rollover crisis poses a special national security problem for New York-based multinational banks because they are holding major account of this worthless debt. Also with the emerging European Union currency, Asian has choices; the Japanese did not have in the last Asian economic collapse in the early 1990’s. European financial institutions have quietly lowered their exposure and holding in US debt.
Japan, China and other cash rich Asian countries are trying to follow the European Union’s model. The US plan to provoke China capital flight is designed to limit Asia movement away from the dollar. The structure of latest new wave of Chinese development deals, shows that China has been forced to pay in cash and takes on massive amounts of foreign corporate debt to fund critical projects. The recent IMBThinkPad deal forced the Chinese government and central bank to assume 10 billion of IBM out standing debt. China is importing 60 billion of energy this year and must pay the oil companies in cash. A third of the US/China trade deficit of 163 billion goes to paying their energy to most American oil companies.
Reportedly China needs to find 200 billion of new financing per year. This to follow sues. The initial 250 billion for the invasion and the additional 80 billion requests by the Bush Administration for the Iraqi occupation have turned a lot of Asian central banks from to buying US debt. The Treasury campaign to turn short-term into 30 year long-term has met major resistance in Asian. The ruse of US debt is coming to an end in Asia. The new US stealth fighter is only the tip of the iceberg of the new ruthless US Space based defense doctrine.
To fight the new US military deployments to Asia and the planned attacks on Hong Kong and mainland banks, Japan and leading Asian countries have created the bases for a Asian only World Bank for fight a possible New York city bank take over of China. Asian central banks have formed a collective regional economic defense, under the Chiang Mai Initiative (CMI).
The safe guard will allow countries or the collective to resist increased overexposure in US Treasury debt. The initiative groups together the ten member countries of Southeast Asia in a 100 billion-dollar network of bilateral swap agreement to provide mutual protection from financial emergencies. Under the agreement Japan will provide China the largest amount of short-term liquidity in time of financial crisis. While outside of the CMI, Japan has the financial infrastructure to provide China with the necessary counter-balance to both the foreign banks inside China and the foreign banking networks operating out of Hong Kong. Japan could function as a CMI clearinghouse.
From an economic warfare standpoint, the CMI allows any Asian country an immediate lifeline of 100 billion or more if attack from a foreign or internal threat. Also, the CMI offer the potential framework for collective military defense. The CMI also allows for funding Chinese and other regional industrial expansion projects, rather than buying massive amounts of new worthless Treasury bills they will never be paid for.
This major Asian political development has almost totally been backed out in the western press. The CMI is the number one new issue on President Bust and Wall Street’s threat matrix. The CMI lifeline, mean that any financial strike on the Chinese banking system would have to be on a magnitude of over 150-200 billion. Creating such a large capital flight from China is way beyond the power of the CIA and would require the active participation of major Wall Street and European institutions and media. Such a capital flight would only come as a reaction the fear of a region war between the US and North Korea or the collapse of the Hong Kong property bubble.
The president of the Asian Development Banks said Friday that a rapid exchange adjustment would cause a major shock to the Chinese economy.
Mr. Kuroda’s comments were the clearest, most detailed and most forceful by a top Japanese insider on the emerging China yuan adjustment. He started a lunch with a group of foreign correspondents by making his remarks on the Chinese currency before taking any speaking on the record. Mr. Kuroda gave a fairly detail road map of how to defend against a New York Bank plan to take control of China bank system.
Haruhiko Kuroda is regarded, as one of Asia’s most influential currency expert from his previous role overseeing Japan’s currency policy. He was a special adviser to the Japanese cabinet for two years before assuming his current post on Feb.1 this year. Mr. Kuroda stopped short of endorsing calls from Wall Street and Washington for a sharp revaluation of the yuan, saying that any appreciation should occur gradually and after China develops the necessary to control high levels of capital flowing in and out of the country.
He also said that China’s banking system lack a mechanism for managing a gradual appreciation, but was very careful not to outline or suggest a mechanism. The fact is that Japan has the develop mechanism that would help defend itself. China’s financial system is unprepared for the possible turbulence that loosening the exchange rate system would bring and that China’s tools for managing currency risk were extremely underdeveloped.
Mr. Kuroda noted the central question was the need to balance flows of money in and out of China. While his comments also stopped short of commenting on the 200 billion pool of speculative hot money building in the Chinese banking system or the consequences of a capital flight. He noted that Chinese exchange reserve grew by 49.2 billion just in the first quarter of this year, to 651.1 billion he note that China trade surpluses were surging and the needed appreciation “would be larger than people though in the past.
Many currency experts outside China have warned that there are major flows going into China of hot money and speculators seeking to profit from on continue rise in the currency.
Mr. Kuroda analysis of the Chinese banking challenges fails to clearly detail the fact the foreign mutational bank already a have mechanism in place in China and Hong Kong that controlled 30 percent of the capital flows in and out of China. But Mr. Kuoda comments provide clear insights the gathering financial storm. Kuoda insider analysis makes very clear just how at risk and fragile China’s banking control over capital flows.
The growing western media manipulation of Chinese exports taking million more industrial jobs from North America and Western Europe has opened a political military window of opportunity for US and European banks to make a move on China. The plan calls for a political trigger, to launch the final phase of the containment. A CIA-triggered misinformation manipulation on SARS or a real outbreak of avian the could again devastate Hong Kong. All those are part of a group of scenarios that could trigger a national fear.
Should the Chinese government gives in to Washington demands and rises the yeaun by 10 percent three or four times the international markets would react, by a mass conversion of Chinese currency. The CIA would provoke a national panic and run on Chinese banks. Wall Street multinational investment firms would offer China a massive standby line of credit. New York City banks and investment groups already positioned within cells in the Communist leadership will take control of two of the four major Chinese banks.
China and Asia are closing ranks to defense their economy from multinational attacks on their banking.
In exchange for the trillion dollar immediate capital aid, the Communist government stays in power, by creating an independent Banking agency model on the Federal Reserve with New York City bank partnerships. The ten major Chinese banks will be made private, with foreign banks as managing partners. These banks will form the second level regional investment banks. The profit from the sale of the government owned banks would use to funds a national health and social security plan. Wall Street will directly control the China stock and bond markets. The Japanese and Europe each will be allowed to take controlled of one of the other major banks. One of the tops ten major banks will be allowed left to fail in order to spend a message to account holders.
Then a model bank will be built based on multinational New York style banking, staffed by young Chinese bankers. China economy will be integrated with other multinational slave platforms as the manufacturing core of the new multinational world order.
The China army becomes non-nuclear and integrated with the US 7th fleet protection shipping lanes and defending against an Indian threat.
Under this plan the Chinese housing market offer the best target for a CIA-directed liquidity crisis. The trigger would be a massive transfer of capital out the Chinese housing market by underground banks and Taiwan banks and drug money. An Internet based misinformation campaign around a major bank failure and runs on banks would a panic. This would trigger a general movement of hot capital away from the overheated Chinese housing sector CIA directed Internet and western misinformation campaigns would create a massive fear and run on the banks. The four major Chinese banks will try to move capital from their reserves to contain the capital flight from the housing sector. Lacking the communication infrastructure or public information skill, the Communist Party would be force to stonewall the true. Cresting more panic. The hot foreign money will take flight via the underground banks, foreign and the weakest of the four banks.
The pro-western group in the central bank will block capital transfers in order to keep bank from bankruptcy. There by allowing the run on the bank get it second wind. In major trading cities a long the eastern coast, following a few days of bank holidays by local bank, the full run on all Chinese banks will take place. Western banks will stay open for business. Western bank working as a collective would provide needed capital to two of major Chinese banks. One of the lesser banks will be allowed to fail.
Exchange for saving the other Chinese and the banking system select New York City banks would be allowed to form major partnerships with the now paper Chinese bank. Foreign multinationals will keep the export economy function, while the Communist party consolidates its rule before elections. The Communists will be kept in power during the transit period before elections. Chinese industrial development will be secondary to China primary function of rolling over US debt.
Multinational controlled newspapers have manipulated western public opinion and the Black community in to believing that Asian currencies in general and Chinese currency in particular is are over valued and need to be debased. China thought the multinational media is being offered the choice between the US Congress (hard cop) forced series currency adjustments (debasement) or the Europe (soft cop) a full float currency (debasement).
Either way China banking would experience the great capital flight is it history destroying the fragile balance of trust that wholes the banking system together. The building western financial pressure is all a pretext to creating a political crisis to try and take control of China banking system. China has almost two trillion-dollar, enough money to fund 50 percent of US national debt for the next 7 years. To control China bank system is to de facto be in control over the most critical parts of the China. Looting the national savings in order to service US debt is the goal of the Western deception.
Multinationals have created the illusion that China’s currency is the root cause of the world economic problems and to be debased.
A region that average worker earns 50 cent a hour, has no health or pension and uses a saving account for everything, who supply chain companies are forced to work on super thin profit margins for western multinationals. Most China and other Asian countries fund their social programs from what they from export trade. Because some bankrupt white men say their currencies must be debased, their currencies must be debased so Europe and American multinationals can continue their systemic looting of Asian.
China is being singled out as the primary cause of the US trade imbalance, when the true is multinationals are the chief cause of the projected 900 billion-trade deficit. The media has manipulation the US Congress and American population into believing this fantasy that has bases in reality and new trade policy. The community of American economists fear standing up to telling the truth to the American population, that any junior accounting clerk knows.
Currency manipulation and multinationals
The myth being span around the world is that if the Chinese currency is forced to adjust upward, the US trade deficit will go away. The reality is that US industrial problems are structural and require major capital investments that cannot be made while service the yearly 700 billion rollover of US national debts by world central banks. Even a 100 percent upward adjustment of the Chinese currency would not change the structural problems hold the US economy hostage.
The popular myth in Washington and western media is that since China’s currency is vastly under valued reportedly 40 percent, a forced revaluation will lead to a massive increase in US exports to China and other world markets. No one in Washington is saying how much of a total revaluation China needed, but Congress is threatening a 30 percent tax on all Chinese imports to US. The western media suggested political starting point A
The popular myth in Washington and western media is that since China’s currency is vastly under valued reportedly 40 percent, a forced revaluation will lead to a massive increase in US exports to China and other world markets. No one in Washington is saying how much of a total revaluation China needed, but Congress is threatening a 30 percent tax on all Chinese imports to US. The western media suggested political starting point A 10 percent adjustment is a. American labor lobbies reportedly are crying for a 40 percent currency increase.
The Communist government of China has been very confirm in its rejections of Washington-Wall Street led forced adjustment of its currency. The Chinese rejection is base on the economic reality that foreign multinationals, not small Chinese nationals firms account 600 billion of China exports and would be lease affected by a currency adjustment. China has suggested that Washington get it owns financial house in order by balancing its budget, rather than forcing the world to keep rollover it’s almost 700 billion.
The highly public deployment on May 15, 2006 of 15 US nuclear weapon enabled stealth fighters to South Korea is part of a carefully designed master plan directed at manipulation of Chinese fears and public opinion, not the Chinese Communist leadership. The fighters do not change the balance of military, nor does the planes change the out come of a war between the two Korean armies.
Without firing any nuclear missiles, over one million troops, from North Korea once again would over run South Korea. So why let everyone in Asia who has Internet access know about the stealth fighter plan.
The US stealth fighters are terror weapons designed to rise the level of fear and helpless in the target populations of eastern industrial cities of China of the possibly nuclear strikes. The 330 million Chinese who have text mail or email know the deadly weapons from the Iraq war can reach out and attack any major Chinese city any time. If 15 nuclear enable Mig 29 fighters were deployed to Cuba, the population of Eastern Coast of United States would feel the nuclear threat.
This deployment is the next to the last element of an integrated space-based deployment to provoke the capital flight of 200 billion dollar from the Chinese banking system and the possible collapse of the Chinese central bank. As the Chinese national protests against the Japanese, there is an underlying Chinese rage, looking to take form.
The immediate military target is the puncture of the Chinese housing bubble.
To fight the new US military economic deployments to South Korea and the planned attacks on Chinese banking, Japan and other leading Asian countries have created a 100 billion emergency line of credit. This is the base for an Asian first layer of defense to fight a possible New York City bank take over of China.
Mr. Kuroda is one of Asia’s most influential currency experts and former overseer of Japan’s currency policy. He took a great personal risk and stepped out of the political darkness by sharing a rare insider analysis of how Asia will defend China’s banking from a US attack. Mr. Kuroda in a press conference three day after the US deployment of US nuclear enable fighter to Korea, said that the central question about China’s currency was the need to balance flows of money in and out of China. While he stopped short of commenting on how China should deal with the currency balancing. He detailed the possible negative econonmic the 200 billion pool of speculative hot money building in China’s banking system, and made clear that if the currency adjustment was great, there would a major stock effects to the Chinese economy and a capital flight.
The stealth fighters are part of a military economic warfare campaign to galvanizing internal Chinese fears against Communist China for support of the North Korean nuclear program by using the Internet. The US fighter deployment and threat of nuclear war as puts major new pressure on the very fragile Chinese property market and hot money bubble. Luxury high-rise apartment in Hong Kong have raise in price from 3,000 dollar per square foot in 1997 to 3,979 dollar per square. Foreign investment in Hon Kong has gone from 8 billion is 2002 to over 40 billion. Between 2003 and 2004, foreign investment increase a record 25 billion. According to the World Bank China, has is over 200 billion of speculative hot money, waiting for a major currency movement or political event to take flight from China. The threat of war with North Korea is the final precondition, before triggering the attack on Hong Kong housing bubble. The May 30, 2005 BusinessWeek open talks about how the Capital flight will be triggered. “Conversely, if Beijing were to revalue the yuan and Hong Kong didn’t follow suit, the flow of funds could quickly reverse and send property prices south”…
A critical part of the new US Space arms race and military containment policy of China and North Korea is to use Hong Kong fully convertible currency and open banking to secretly collapse the Chinese housing bubble. This will create massive capital outward flow and then take control of the Chinese banking system. New York city banks would offer a quiet and massive rescue capital in fusion exchange for control (privatization) of two major banks. The primary goal of the containment policy is to ensure continued massive buying of US debt by political policing Asian central banks. A major secondary goal of the containment is the financial collapse and/or limitation the Chinese space and nuclear submarine ICBM programs. Chinese is about to launch another man flight and at the same time, the forth nuclear ICBM missile submarine.
According to the new Washington containment policy Wall Street logic, by limiting Asian industrial growth and investments, the US debt payment structure will be ensued and protected. The financing of China’s massive industrial development is putting major new pressure on US debt servicing. This pressure is so strong today, that China has replaced the US as the number of investment place in the world. This new trend of industrial investment if not stopped, will lead to an Asian centric investment paradigm beyond multinational projects. That is, the world is starting to invest in Asia and other regions, not just multinational projects in Asia. This new investment paradigm is drawing increasing amounts of critical US investment fund away from US debt support.
America military downsizing and Space Command deployment is being serious constrained by China industrial expansion and trade, far more than the Chinese military expansion. The Chinese space program posies a serious threat to the US militarzation of space. US interest rates are being driven up because China and other Asian growth projects offers much better investment opportunities, return on investment (R.O.I.) and risk management than buying worthless US Treasury bills. China’s massive and growing capital needs also have putting the Chinese major banks a serious risk of collapse.
The new Washington military containment scenario is based on maintaining a de facto collapse of China’s stock and bond markets. This successful aspect of the containment policy has forced China has forced to raise massive amounts of capital on the international markets, mostly in New York City and London. Most new Chinese development deals are forcing China to use more and more cash. There only so many ways China can leverage 650 billion of worthless US Treasury debt to ensure foreign loans. Chinese banks are carrying 40 percent non-performing loan; a major capital flight will seriously limit China ability to borrow new capital on the world markets.
China’s growing capital needs is second only to the 650 billion needed to roll over US federal debt. Chinese growth is starting to go head to head with US debt rollover needs in the capital markets. This is seriously limiting the US ability to raise the 650 billion its needs to rollover the massive US federal debt. This emerging China capital dynamics is viewed a deepening national security crisis for both Washington and Wall Street.
This US rollover crisis poses a special national security problem for New York-based multinational banks because they are holding major account of this worthless debt. Also with the emerging European Union currency, Asian has choices; the Japanese did not have in the last Asian economic collapse in the early 1990’s. European financial institutions have quietly lowered their exposure and holding in US debt.
Japan, China and other cash rich Asian countries are trying to follow the European Union’s model. The US plan to provoke China capital flight is designed to limit Asia movement away from the dollar. The structure of latest new wave of Chinese development deals, shows that China has been forced to pay in cash and takes on massive amounts of foreign corporate debt to fund critical projects. The recent IMBThinkPad deal forced the Chinese government and central bank to assume 10 billion of IBM out standing debt. China is importing 60 billion of energy this year and must pay the oil companies in cash. A third of the US/China trade deficit of 163 billion goes to paying their energy to most American oil companies.
Reportedly China needs to find 200 billion of new financing per year. This to follow sues. The initial 250 billion for the invasion and the additional 80 billion requests by the Bush Administration for the Iraqi occupation have turned a lot of Asian central banks from to buying US debt. The Treasury campaign to turn short-term into 30 year long-term has met major resistance in Asian. The ruse of US debt is coming to an end in Asia. The new US stealth fighter is only the tip of the iceberg of the new ruthless US Space based defense doctrine.
To fight the new US military deployments to Asia and the planned attacks on Hong Kong and mainland banks, Japan and leading Asian countries have created the bases for a Asian only World Bank for fight a possible New York city bank take over of China. Asian central banks have formed a collective regional economic defense, under the Chiang Mai Initiative (CMI).
The safe guard will allow countries or the collective to resist increased overexposure in US Treasury debt. The initiative groups together the ten member countries of Southeast Asia in a 100 billion-dollar network of bilateral swap agreement to provide mutual protection from financial emergencies. Under the agreement Japan will provide China the largest amount of short-term liquidity in time of financial crisis. While outside of the CMI, Japan has the financial infrastructure to provide China with the necessary counter-balance to both the foreign banks inside China and the foreign banking networks operating out of Hong Kong. Japan could function as a CMI clearinghouse.
From an economic warfare standpoint, the CMI allows any Asian country an immediate lifeline of 100 billion or more if attack from a foreign or internal threat. Also, the CMI offer the potential framework for collective military defense. The CMI also allows for funding Chinese and other regional industrial expansion projects, rather than buying massive amounts of new worthless Treasury bills they will never be paid for.
This major Asian political development has almost totally been backed out in the western press. The CMI is the number one new issue on President Bust and Wall Street’s threat matrix. The CMI lifeline, mean that any financial strike on the Chinese banking system would have to be on a magnitude of over 150-200 billion. Creating such a large capital flight from China is way beyond the power of the CIA and would require the active participation of major Wall Street and European institutions and media. Such a capital flight would only come as a reaction the fear of a region war between the US and North Korea or the collapse of the Hong Kong property bubble.
The president of the Asian Development Banks said Friday that a rapid exchange adjustment would cause a major shock to the Chinese economy.
Mr. Kuroda’s comments were the clearest, most detailed and most forceful by a top Japanese insider on the emerging China yuan adjustment. He started a lunch with a group of foreign correspondents by making his remarks on the Chinese currency before taking any speaking on the record. Mr. Kuroda gave a fairly detail road map of how to defend against a New York Bank plan to take control of China bank system.
Haruhiko Kuroda is regarded, as one of Asia’s most influential currency expert from his previous role overseeing Japan’s currency policy. He was a special adviser to the Japanese cabinet for two years before assuming his current post on Feb.1 this year. Mr. Kuroda stopped short of endorsing calls from Wall Street and Washington for a sharp revaluation of the yuan, saying that any appreciation should occur gradually and after China develops the necessary to control high levels of capital flowing in and out of the country.
He also said that China’s banking system lack a mechanism for managing a gradual appreciation, but was very careful not to outline or suggest a mechanism. The fact is that Japan has the develop mechanism that would help defend itself. China’s financial system is unprepared for the possible turbulence that loosening the exchange rate system would bring and that China’s tools for managing currency risk were extremely underdeveloped.
Mr. Kuroda noted the central question was the need to balance flows of money in and out of China. While his comments also stopped short of commenting on the 200 billion pool of speculative hot money building in the Chinese banking system or the consequences of a capital flight. He noted that Chinese exchange reserve grew by 49.2 billion just in the first quarter of this year, to 651.1 billion he note that China trade surpluses were surging and the needed appreciation “would be larger than people though in the past.
Many currency experts outside China have warned that there are major flows going into China of hot money and speculators seeking to profit from on continue rise in the currency.
Mr. Kuroda analysis of the Chinese banking challenges fails to clearly detail the fact the foreign mutational bank already a have mechanism in place in China and Hong Kong that controlled 30 percent of the capital flows in and out of China. But Mr. Kuoda comments provide clear insights the gathering financial storm. Kuoda insider analysis makes very clear just how at risk and fragile China’s banking control over capital flows.
The growing western media manipulation of Chinese exports taking million more industrial jobs from North America and Western Europe has opened a political military window of opportunity for US and European banks to make a move on China. The plan calls for a political trigger, to launch the final phase of the containment. A CIA-triggered misinformation manipulation on SARS or a real outbreak of avian the could again devastate Hong Kong. All those are part of a group of scenarios that could trigger a national fear.
Should the Chinese government gives in to Washington demands and rises the yeaun by 10 percent three or four times the international markets would react, by a mass conversion of Chinese currency. The CIA would provoke a national panic and run on Chinese banks. Wall Street multinational investment firms would offer China a massive standby line of credit. New York City banks and investment groups already positioned within cells in the Communist leadership will take control of two of the four major Chinese banks.
China and Asia are closing ranks to defense their economy from multinational attacks on their banking.
In exchange for the trillion dollar immediate capital aid, the Communist government stays in power, by creating an independent Banking agency model on the Federal Reserve with New York City bank partnerships. The ten major Chinese banks will be made private, with foreign banks as managing partners. These banks will form the second level regional investment banks. The profit from the sale of the government owned banks would use to funds a national health and social security plan. Wall Street will directly control the China stock and bond markets. The Japanese and Europe each will be allowed to take controlled of one of the other major banks. One of the tops ten major banks will be allowed left to fail in order to spend a message to account holders.
Then a model bank will be built based on multinational New York style banking, staffed by young Chinese bankers. China economy will be integrated with other multinational slave platforms as the manufacturing core of the new multinational world order.
The China army becomes non-nuclear and integrated with the US 7th fleet protection shipping lanes and defending against an Indian threat.
Under this plan the Chinese housing market offer the best target for a CIA-directed liquidity crisis. The trigger would be a massive transfer of capital out the Chinese housing market by underground banks and Taiwan banks and drug money. An Internet based misinformation campaign around a major bank failure and runs on banks would a panic. This would trigger a general movement of hot capital away from the overheated Chinese housing sector CIA directed Internet and western misinformation campaigns would create a massive fear and run on the banks. The four major Chinese banks will try to move capital from their reserves to contain the capital flight from the housing sector. Lacking the communication infrastructure or public information skill, the Communist Party would be force to stonewall the true. Cresting more panic. The hot foreign money will take flight via the underground banks, foreign and the weakest of the four banks.
The pro-western group in the central bank will block capital transfers in order to keep bank from bankruptcy. There by allowing the run on the bank get it second wind. In major trading cities a long the eastern coast, following a few days of bank holidays by local bank, the full run on all Chinese banks will take place. Western banks will stay open for business. Western bank working as a collective would provide needed capital to two of major Chinese banks. One of the lesser banks will be allowed to fail.
Exchange for saving the other Chinese and the banking system select New York City banks would be allowed to form major partnerships with the now paper Chinese bank. Foreign multinationals will keep the export economy function, while the Communist party consolidates its rule before elections. The Communists will be kept in power during the transit period before elections. Chinese industrial development will be secondary to China primary function of rolling over US debt.
Multinational controlled newspapers have manipulated western public opinion and the Black community in to believing that Asian currencies in general and Chinese currency in particular is are over valued and need to be debased. China thought the multinational media is being offered the choice between the US Congress (hard cop) forced series currency adjustments (debasement) or the Europe (soft cop) a full float currency (debasement).
Either way China banking would experience the great capital flight is it history destroying the fragile balance of trust that wholes the banking system together. The building western financial pressure is all a pretext to creating a political crisis to try and take control of China banking system. China has almost two trillion-dollar, enough money to fund 50 percent of US national debt for the next 7 years. To control China bank system is to de facto be in control over the most critical parts of the China. Looting the national savings in order to service US debt is the goal of the Western deception.
Multinationals have created the illusion that China’s currency is the root cause of the world economic problems and to be debased.
A region that average worker earns 50 cent a hour, has no health or pension and uses a saving account for everything, who supply chain companies are forced to work on super thin profit margins for western multinationals. Most China and other Asian countries fund their social programs from what they from export trade. Because some bankrupt white men say their currencies must be debased, their currencies must be debased so Europe and American multinationals can continue their systemic looting of Asian.
China is being singled out as the primary cause of the US trade imbalance, when the true is multinationals are the chief cause of the projected 900 billion-trade deficit. The media has manipulation the US Congress and American population into believing this fantasy that has bases in reality and new trade policy. The community of American economists fear standing up to telling the truth to the American population, that any junior accounting clerk knows.
Currency manipulation and multinationals
The myth being span around the world is that if the Chinese currency is forced to adjust upward, the US trade deficit will go away. The reality is that US industrial problems are structural and require major capital investments that cannot be made while service the yearly 700 billion rollover of US national debts by world central banks. Even a 100 percent upward adjustment of the Chinese currency would not change the structural problems hold the US economy hostage.
The popular myth in Washington and western media is that since China’s currency is vastly under valued reportedly 40 percent, a forced revaluation will lead to a massive increase in US exports to China and other world markets. No one in Washington is saying how much of a total revaluation China needed, but Congress is threatening a 30 percent tax on all Chinese imports to US. The western media suggested political starting point A
The popular myth in Washington and western media is that since China’s currency is vastly under valued reportedly 40 percent, a forced revaluation will lead to a massive increase in US exports to China and other world markets. No one in Washington is saying how much of a total revaluation China needed, but Congress is threatening a 30 percent tax on all Chinese imports to US. The western media suggested political starting point A 10 percent adjustment is a. American labor lobbies reportedly are crying for a 40 percent currency increase.
The Communist government of China has been very confirm in its rejections of Washington-Wall Street led forced adjustment of its currency. The Chinese rejection is base on the economic reality that foreign multinationals, not small Chinese nationals firms account 600 billion of China exports and would be lease affected by a currency adjustment. China has suggested that Washington get it owns financial house in order by balancing its budget, rather than forcing the world to keep rollover it’s almost 700 billion.
posted by Nubianobserver at 3:56 PM
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