Is China Hoarding Gold In Anticipation Of A Global Financial Implosion? 10 Facts About Gold Fever In China That May Surprise You

China officially has gold fever.  Chinese demand for gold in 2011 is being called “explosive” and “voracious”.  China imported five times as much gold in 2010 as it did in 2009, and this year gold sales in China are projected to easily set another new all-time record.  China produces more gold than any other nation on the planet and last year the Chinese consumed more than twice as much gold as Americans did.  Yes, the Chinese are officially in love with gold.  But why is that?  Is it because they are concerned about inflation?  Is it because the Chinese are losing faith in paper currencies?  Are the Chinese looking to diversify?  Has gold become a “trendy” status symbol in China?  Or is something else going on here? (Read More...)

Worst Freeze In 60 Years Wipes Out Entire Crops Across The Southwestern U.S. And Northern Mexico

Get ready to pay a lot more for produce at the supermarket.  In early February the worst freeze in 60 years wiped out entire crops all across the southwestern U.S. and northern Mexico.  Already, it has been reported that some U.S. supermarkets have doubled or even tripled prices for certain produce items.  Yes, you read that correctly.  The price of certain vegetables is actually doubling or even tripling in many U.S. supermarkets.  The really bizarre weather that we have been seeing all over the globe this winter is really playing havoc with food prices.  The global price of food hit an all-time record during the month of January, and most observers expect food prices to continue to soar.  Even before this recent horrible freeze in the southwestern U.S. and northern Mexico, global food prices were pushed higher by unprecedented flooding in Australia and Brazil, and key agricultural areas of China are now experiencing their worst drought in 200 years.  Things are getting really crazy out there.  Produce prices in the U.S. are eventually expected to return back to normal levels, but this just shows how dramatically food prices can change when a major disaster happens. (Read More...)

China #1, United States #2? 25 Facts That Prove The Transition Is Really Happening

On a recent episode of The Office, Michael Scott spent much of the show bemoaning the fact that China could soon become the number one economic superpower.  Of course by the end of the episode everyone had concluded that the United States would continue to be number one indefinitely, but in the real world things are not so simple.  Sadly, the cold, hard facts reveal that China is on the rise and the United States is experiencing a dramatic economic decline.  The world is changing and China is projected to become the largest economy in the world at some point during the next decade.  Americans have been taught from birth that “the U.S. is number one”, but the transition is really happening.  China is passing the United States even in quite a few high tech industries and in many areas of scientific research.  The numbers that you are going to read below are absolutely staggering.  It is getting really hard to deny that the Chinese are wiping the floor with us economically.  In fact, they are beating us so badly that it is hard to put into words. (Read More...)

Why Is Russia Building 5000 More Nuclear Bomb Shelters In Moscow By The End Of 2012?

Russia certainly seems to be in a hurry to prepare for something.  RT is reporting that 5,000 new nuclear bomb shelters will be constructed in the city of Moscow by the end of 2012.  Russian authorities believe that these new shelters are urgently needed because the current nuclear bomb shelters will only hold approximately half the population and are quite outdated.  In addition, there are apparently very few nuclear bomb shelters for those living outside the city center at this point.  Officials want virtually the entire population of Moscow to be able to reach a bomb shelter within a matter of minutes.  But in this era when the “Cold War” is supposed to be over, why are 5000 nuclear bomb shelters such an urgent necessity? (Read More...)

Why The Chinese Monopoly On Rare Earth Elements Is So Incredibly Dangerous

Most Americans have no idea why rare earth elements are important or why the Chinese monopoly on them is so dangerous.  But now that China is enforcing strict new quotas on the export of these metals a lot more people are going to start learning about them.  So just exactly what are they?  Well, “rare earth elements” is a name that has been given to 17 metals from the middle of the Periodic Table with nearly unpronounceable names such as lanthanum, cerium, tantalum, neodymium and europium.  These metals are used in an increasing number of high technology products.  Everything from iPods to wind turbines to missile-guidance systems use these metals.  Unfortunately, today China controls over 90 percent of the world supply of rare earth elements.  This puts China in an incredibly powerful position. (Read More...)

21 Reasons Why Donald Trump Is Right – China Is Just Ripping This Country Like Nobody Has Ever Ripped Us Before

Earlier this week, an interview with Donald Trump on Fox & Friends made headlines all over the world.  During that interview, Trump stated that he was “absolutely thinking about” running for president in 2012.  But what didn’t get as much attention is why Donald Trump is so motivated to possibly run for president.  It turns out that Donald Trump is horrified by how China (and other nations as well) are absolutely taking advantage of the United States in global trade.  Trump put it this way during the interview: “China is just ripping this country like nobody has ever ripped us before.”  And you know what?  Donald Trump is absolutely right about this.  You see, China has been openly manipulating its currency for years and years so that their products are far cheaper than those produced in America.  This has put entire industries out of business in the United States.  Not only that, but China also openly subsidizes many of their industries, thus giving them a competitive advantage over U.S. businesses and our government does nothing about it.  In addition, China has exploited the fact that they allow their workers to be paid near slave labor wages to attract thousands upon thousands of factories and manufacturing facilities to their shores.  China dumps massive amounts of cheap goods on our shores while openly discriminating against many U.S. good and services.  This kind of unfair trade has enabled the Chinese government to pile up hundreds of billions of dollars in excess currency reserves which it ends up lending back to the U.S. government.  Basically, China is running a massive scam on us and is getting tremendously wealthy in the process. (Read More...)

5113 Warheads And Falling – America’s Rapidly Shrinking Nuclear Arsenal

Most Americans believe that the massive nuclear arsenal that the U.S. military accumulated during the Cold War is still sitting there today – silently protecting them as they pursue the American Dream.  But that is NOT the case.  In fact, the United States currently only has a small fraction of the nuclear warheads that it did during the 1960s and the 1970s, and Barack Obama wants to make further substantial cuts.  If you are an American, what you are about to read should seriously upset you.  The weapons that have protected our freedom since the end of World War II are rapidly being dismantled at a time when the geopolitical situation around the world is becoming increasingly unstable.  Iran is feverishly working on developing nuclear weapons, North Korea already has them and it is only a matter of time until terrorists get their hands on some, and yet Barack Obama keeps insisting that radical nuclear disarmament is a great idea and nobody out there (including the Republicans) is putting up much of an objection. (Read More...)