Jerry Jackson

Archive for the ‘China’ Category

China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

In Big Business, China, Human Rights, Police State, Society, World News on June 18, 2011 at 9:46 pm


Free Shipping This Month Only!

Engraving of the U.S. Treasury building in 1804.

Image via Wikipedia

China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.
Treasury bills are securities that mature in one year or less that are sold by the U.S. Treasury Department to fund the nation’s debt.
Mainland Chinese holdings of U.S. Treasury bills are reported in column 9 of the Treasury report linked here.
Until October, the Chinese were generally making up for their decreasing holdings in Treasury bills by increasing their holdings of longer-term U.S. Treasury securities. Thus, until October, China’s overall holdings of U.S. debt continued to increase.
Since October, however, China has also started to divest from longer-term U.S. Treasury securities. Thus, as reported by the Treasury Department, China’s ownership of the U.S. national debt has decreased in each of the last five months on record, including November, December, January, February and March.
Prior to the fall of 2008, acccording to Treasury Department data, Chinese ownership of short-term Treasury bills was modest, standing at only $19.8 billion in August of that year. But when President George W. Bush signed legislation to authorize a $700-billion bailout of the U.S. financial industry in October 2008 and President Barack Obama signed a $787-billion economic stimulus law in February 2009, Chinese ownership of short-term U.S. Treasury bills skyrocketed.
By December 2008, China owned $165.2 billion in U.S. Treasury bills, according to the Treasury Department. By March 2009, Chinese Treasury bill holdings were at $191.1 billion. By May 2009, Chinese holdings of Treasury bills were peaking at $210.4 billion.
However, China’s overall appetite for U.S. debt increased over a longer span than did its appetite for short-term U.S. Treasury bills.
In August 2008, before the bank bailout and the stimulus law, overall Chinese holdings of U.S. debt stood at $573.7 billion. That number continued to escalate past May 2009– when China started to reduce its holdings in short-term Treasury bills–and ultimately peaked at $1.1753 trillion last October.


Speech Recognition for Mac OS X

Save 10% on Dragon Dictate with Microphone. Use coupon MACSPEECH during checkout.

As of March 2011, overall Chinese holdings of U.S. debt had decreased to 1.1449 trillion.
Most of the U.S. national debt is made up of publicly marketable securities sold by the Treasury Department and I.O.U.s called “intragovernmental” bonds that the Treasury has given to so-called government trust funds—such as the Social Security trust funds—when it has spent the trust funds’ money on other government expenses.
The publicly marketable segment of the national debt includes Treasury bills, which (as defined by the Treasury) mature in terms of one-year or less; Treasury notes, which mature in terms of 2 to 10 years; Treasury Inflation-Protected Securities (TIPS), which mature in terms of 5, 10 and 30 years; and Treasury bonds, which mature in terms of 30 years.
At the end of August 2008, before the financial bailout and the stimulus, the publicly marketable segment of the U.S. national debt was 4.88 trillion. Of that, $2.56 trillion was in the intermediate-term Treasury notes, $1.22 trillion was in short-term Treasury bills, $582.8 billion was in long-term Treasury bonds, and $521.3 billion was in TIPS.
At the end of March 2011, by which time the Chinese had dropped their Treasury bill holdings 97 percent from their peak, the publicly marketable segment of the U.S. national debt had almost doubled from August 2008, hitting $9.11 trillion. Of that $9.11 trillion, $5.8 trillion was in intermediate-term Treasury notes, $1.7 trillion was in short-term Treasury bills; $931.5 billion was in long-term Treasury bonds, and $640.7 billion was in TIPS.
Before the end of March 2012, the Treasury must redeem all of the $1.7 trillion in Treasury bills that were extant as of March 2011 and find new or old buyers who will continue to invest in U.S. debt. But, for now, the Chinese at least do not appear to be bullish customers of short-term U.S. debt.
Get a Personal Assistant, For FREE! Try it now!
     Read entire article ‘ China has divested 97 percent of its holdings in U.S. Treasury Bills at Global Freedom Technology Firm‘.
ScanCafe

ScanCafe, the scanning service used by pro photographers and Pulitzer Prize winners. It’s available to you from just 35 cents an image.

ScanCafe.com


Secondipity.com HOT SALE

Advertisements

West vs. China: A New Cold War Begins On Libyan Soil

In Activism, China, Economics, Human Rights, Libya, Military, Society, World Government, World News on April 14, 2011 at 5:45 am


Modern Bedroom  free shipping on orders over $200

Natural Fire 10 - United States Army Africa - ...

Image by US Army Africa via Flickr

The question as to why US-led NATO forces are determined to engineer a regime change in Libya is now becoming clear. Whilst media pundits and political experts still argue over whether the Libyan rebel gangs are actually being backed and directed by US, UK and Israel intelligence agencies, broader long-range Western policy objectives for Libya are being completely ignored.

One only has to read the strategic briefings in U.S. AFRICOM documents to realise the true endgame in Libya: the control of valuable resources and the eviction of China from North Africa.

When the US formed AFRICOM in 2007, some 49 countries signed on to the US military charter for Africa but one country refused: Libya. Such a treacherous act by Libya’s leader Moummar Qaddafi would only sow the seeds for a future conflict down the road in 2011.

NATO: It’s been reduced to a mere private security force for western corporate interests.

According to Dr Paul Craig Roberts, the situation with Qaddafi is much different than the other recent protests in the Arab world. “Why is NATO there?” has become to real question, says Roberts, who fears that risky involvement stemming from American influence could lead to catastrophic breaking point in Libya.

WHY WE ARE IN LIBYA: a revealing interview with Dr Paul Craig Roberts.

CHINESE INTERESTS IN LIBYA

According to Bejing’s Ministry of Commerce, China’s current contracts in Libya number no less than 50 large projects involving a contracts in excess of 18 billion USD. What is even more revealing here is that due to the recent instability in the North African region, China’s investments have taken a serious hit. The recent political turmoil in the region has caused China’s foreign contracted projects  to drop with new contracts amounting to $ 3,470,000,000, down 53.2%. Among them, the amount of new contracts in Libya, down by 45.3%, 13.9% less turnover; to Algeria, the amount of the contract fell 97.1%, turnover decreased by 10.7% – all within the first 2 months of this year.

In addition to the numerous Chinese investments in Libya, the North African nation has also recently completed one of the most expensive and advance water works projects in world history- Libya’s Great Man Made River. A 30 year venture, finished only last year, gives Libya the potential for an agricultural and economic boom that would certainly mean trouble for competing agri-markets in neighbouring Israel and Egypt. It could also transform Libya into the emerging “bread basket” of Africa. With global food prices on the rise, and Libya possessing a stable currency and cheap domestic energy supply, it doesn’t take an economic genius to see what role Libya could play in the global market place.

VALUABLE ASSET: Libya’s Great Man Made River.

Central to AFRICOM’s strategic goals is to confront the increasing Chinese influence on the continent. One AFRICOM study suggests that China will eventually dispatch troops to Africa to defend its interests there:

“Now China has achieved a stage of economic development which requires endless supplies of African raw materials and has started to develop the capacity to exercise influence in most corners of the globe. The extrapolation of history predicts that distrust and uncertainty will inevitably lead the People’s Liberation Army (PLA) to Africa in staggering numbers…”

Dead Space 2 - Buy Now!

So we have a vocalised fear on the part of US military planners, of a military confrontation with China… in Africa. Today it’s Libya, but tomorrow, it will be in Sudan. Does this sound a little familiar?  Well, it should…

THE NEW COLD WAR WITH CHINA

What this data does show clearly is that the strategic policy objectives outlined in Washington’s AFRICOM, particularly those ones designed to confront and minimise China’s economic interest in Africa, are working well as a result of instability in the region.   In effect, what we are witnessing here is the dawn of a new Cold War between the US-EURO powers and China. This new cold war will feature many of the same elements of the long and protracted US-USSR face-off we saw in the second half of the 20th century. It will take place off shore, in places like Africa, South America, Central Asia and through old flashpoints like Korea and the Middle East.


Pre-Order Now!

Pre-Order Bulletstorm Limited Edition Now to Receive Shank Free!

AFRICOM: outlining America’s new military playground.

What makes this new cold war much deeper and more subtle than the previous one, is that it will not be cloaked in a popular ideology like ‘Capitalism vs Communism’. This new war is all about one thing: natural resources. The capture and control of the world’s remaining resources and energy supplies will be the theme which will govern- and literally fuel, all major conflicts in the 21st century. It will be fought through numerous proxies, and on far-flung pitches across the globe but it will never be spoken of by the White House Press Secretary or the Foreign Office in Downing Street.

 

Early reports out of Libya confirm that “Rebels” are being backed and directed by Western intelligence agencies.

INSURGENTS NOT PROTESTORS

The great PR spin trick in the run up to NATO’s carpet bombing run in Libya was the West’s ability to characterise Libya’s violent armed gangs as mere protestors. The average American, British or French media consumer equated the Libyan uprising with those previously in Tunisia and Egypt. Then reality of course was that they were anything but. However, the bells of freedom and democracy had indeed rung, so all that was really needed at that point was a clever WMD-like diplomatic trick to dazzle the rows of intellectually challenged diplomats at the UN in New York City. The ‘No Fly Zone’ was repackaged and worked well enough for politicians to get their foot in the door to their respective War Rooms.

It seems to have worked so far but the next phase- ground troops and a NATO military occupation of Libya, will be somewhat more complicated to execute without sustaining heavy political fallout. All of these complexed efforts are used to shroud western corporate and military long-term agendas in the region, all part and parcel of the New Resources Cold War with China.

A military and CIA advocate appears on CNN to promote the White House party line on regime change.

HISTORY IS STILL A BITCH

Few will argue that the average western observer and mainstream media consumer suffers from chronic historical amnesia. For Americans in particular, relevant history only extends as far back as the previous season of Dancing With the Stars, or American Idol.  Some might argue that this is by design, that on whole the masses have been conditioned to be passive actors in the new media-rich modern democracy because it makes managing the herds much easier.

inhabitliving.com – Modern Bedding – FREE shipping on orders over $200.00! Save Now
The lessons of Afghanistan and Iraq have yet to return home for the US and Great Britain- both projects are still going concerns for the massive cartel of western corporations. This has allowed ambitious bureaucrats in Washington, London and Paris to try their hand again in Libya. In time however, Americans and Europeans will come to learn what ever citizen and subject already learned many times over throughout history. In theory it may work, but in practice, “Occupation” is a paradox. The US-UK may draw plans in private to occupy an Iraq or a Libya indefinitely but history doesn’t jibe with these imperial ambitions.

It will end one day, and end badly because the Neo-Roman Anglo-American Empire with all its legions abroad, cannot manage its fragile domestic affair back at home. First comes the fall of the Senate, then the rise of the Caesar, and finally the collapse of the Denarius($) at home. The once great empire goes out with a whimper- too fat and too bankrupt to carry on.

As the Great Resource Wars of the 21st century continue to rage on unabated, one question comes to mind: what will mindful citizens in the aggressor countries do to change this present course of history? Judging by ease at which the West managed to pull of their latest heist in Libya, I would say… very little right now.

 


Modern Wall Tiles

inhabitliving.com

China raps US meddling

In Activism, China, Human Rights, Military, Society, World News on April 11, 2011 at 7:44 am


World Cup Gear is Here

China has called on the United States to stop interfering in the internal affairs of other countries under the pretext of human rights issues.
China raps US Meddling
China’s Ministry of Foreign Affairs spokesman Hong Lei gestures for questions at a press briefing in China’s capital Beijing

China’s Foreign Ministry Spokesman Hong Lei urged Washington to focus on its own human rights conditions, saying, “We advise the US side to reflect on its own human rights issues and not to position itself as a preacher of human rights,” the state-funded BBC reports.

“[The US should] stop using the issue of human rights reports to interfere in other countries’ internal affairs,” the Chinese politician added.

Free Shipping on purchases over $70 at FansEdge.com. (exceptions may apply) Use code: DECMBRFS

Visit the FansEdge FanStore

Hong says China welcomes talks about rights on the basis of equality and mutual respect. However, he added that Beijing resolutely opposes meddling in other countries’ affairs.

The development comes following the annual release of US State Department’s report on human rights, which criticized China for rights abuses.

The American report, considered by many observers as more of a political document against countries not in good terms with the US, accused Beijing of stepping up restrictions on lawyers and journalists.

US Secretary of State Hillary Clinton also claimed on Friday that Beijing’s record on human rights was worsening.

“We remain deeply concerned about reports that since February, dozens of people including public-interest lawyers, writers, artists, intellectuals and activists have been arbitrarily detained and arrested,” Clinton said.

The Asian country has also been accused by the US of tightening controls on civil liberties and imposing more restraints over the press and internet access.




Receive a $100 Restaurant Gift Card with your purchase of $500.00 or more

China: Free Unlawfully Detained Legal Activists, Relatives

In Activism, China, Human Rights, World News on February 23, 2011 at 3:37 am

Liu Xiaobo

Image via Wikipedia

Government Expands Use of Extralegal Detention and House Arrest
FEBRUARY 22, 2011

(New York) – The Chinese government should immediately release three prominent lawyers arbitrarily detained and feared forcibly disappeared this month, Human Rights Watch said today. Human Rights Watch also reiterated its call for the Chinese authorities to end the arbitrary house arrest imposed on Liu Xia, the wife of Nobel Peace Prize laureate Liu Xiaobo, and on the blind legal activist Chen Guangcheng and his family.

Lawyers Tang Jitian, Teng Biao, and Jiang Tianyong were separately taken away by Public Security agents last week in Beijing and have not been seen or heard from since. The authorities have failed to give any reason or formal notification to their relatives, and all three are believed to be at risk of ill-treatment and torture.


Last-minute trips for less!

“Citizens’ demands for the state to respect its own laws are getting louder,” said Sophie Richardson, Asia advocacy director at Human Rights Watch. “But the government is responding with even less regard for legal procedures, arbitrarily arresting lawyers and placing well known activists and their family members under illegal and indefinite detention.”

Police forced their way into Tang Jitian’s Beijing apartment early on the morning of February 16, 2011, and immediately took him away, returning later to search the apartment. Jiang Tianyong was arrested in Bejiing on the afternoon of February 19 while visiting his brother. Several men forced him into a car, and the police returned later that day to seize his computer. Teng Biao, a lecturer at China University of Political Science and Law, was arrested the same afternoon. Police searched his home the next day and seized two computers, as well as several books, documents, and DVDs.All three activists are leading lawyers from the weiquan, or “rights protection” movement, whom the government has deprived of their professional licenses in recent years. Judicial authorities have done this apparently in retaliation for the lawyers’ refusal to desist from cases that the authorities see as politically sensitive such as abuses of power, wrongful convictions, and illegal land seizures.

Under international law, authorities commit an enforced disappearance when they fail to acknowledge holding someone in custody or provide no information on the person’s fate or whereabouts. “Disappearances” increase the likelihood of torture or other ill-treatment, Human Rights Watch said.

Read the rest of this entry »

WikiLeaks: US and China in military standoff over space missiles

In China, Human Rights, Wikileaks, World News on February 4, 2011 at 6:45 am

Logo used by Wikileaks

Image via Wikipedia

The United States threatened to take military action against China during a secret “star wars” arms race within the past few years, according to leaked documents obtained by The Daily Telegraph.

The two nuclear superpowers both shot down their own satellites using sophisticated missiles in separate show of strength, the files suggest.  The American Government was so incensed by Chinese actions in space that it privately warned Beijing it would face military action if it did not desist. The Chinese carried out further tests as recently as last year, however, leading to further protests from Hillary Clinton, the US Secretary of State, secret documents show.

 

satellite

satellite

 

Beijing justified its actions by accusing the Americans of developing an “offensive” laser weapon system that would have the capability of destroying missiles before they left enemy territory.

The disclosures are contained in the latest documents obtained by the Wikileaks website, which have been released to The Telegraph. They detail the private fears of both superpowers as they sought mastery of the new military frontier.

 

%d bloggers like this: