The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency. Lin, who is also a professor at Peking University, says that the U.S. dollar “is the root cause of global financial and economic crises” and that moving to a “global super-currency” will bring much needed stability to the global financial system. And considering how recklessly the Federal Reserve has been pumping money into the global financial system and how recklessly the U.S. government has been going into debt, it is hard to argue with his logic. Why would anyone want to trust the United States to continue to run things after how badly we have abused our position? The United States has greatly benefited from having the de facto reserve currency of the planet for the past several decades, but now that era is coming to an end. In fact, the central bank of China has already announced that it will no longer be stockpiling more U.S. dollars. The rest of the world is getting tired of playing our game. Our debt is wildly out of control and we are creating money as if there was no tomorrow. As the rest of the world starts moving away from the U.S. dollar, global power is going to shift even more to the East, and that is going to have very serious consequences for ordinary Americans. (Read More...)
Chinese
The Chinese Want To Spend Billions Constructing A 600 Acre “China City” In New York State
The Chinese have made trillions of dollars flooding our shores with super cheap products, and now they are using some of that money to buy land and property all over America. For example, there is now a proposal to construct a multibillion dollar “China City” that would span approximately 600 acres in a remote area of New York state. This “China City” (that is actually what it would be called) would be located on Yankee Lake in Sullivan County, New York. The plans anticipate large numbers of Chinese businesses, plenty of homes for Chinese immigrants, a Chinese high school, a college, a casino and even a theme park. And the first 600 acres is only for “phase one” of the plan. Ultimately, the goal is for “China City” to cover more than 2,000 acres. Those promoting this plan say that it will be a great way for New Yorkers to learn to appreciate Chinese culture. (Read More...)
The Secret Document That Proves China Considers The United States To Be A Mortal Enemy
If you believe that China is our “friend”, then you have been deceived. While U.S. politicians, the mainstream media and the U.S. military may consider China to be a “friend” and a “partner”, the Chinese see things very, very differently. As you will see below, documents produced at the highest levels of the Chinese government make it abundantly clear that China considers the United States to be a mortal enemy. Unfortunately, in the west we have naively assumed that if we opened up trade with China that they would want to be more like us. Instead, opening up trade with China has allowed them to severely damage us economically while continuing to loudly denounce “western constitutional democracy” at the same time. (Read More...)
Why Are The Chinese Gobbling Up Real Estate And Businesses In Detroit?
Something very strange is happening to Detroit. Once upon a time, it was the center of American manufacturing and it had the highest per capita income in the United States. But now the city is dying and the Chinese are moving in to pick up the pieces. Lured by news stories that proclaim that you can buy homes in Detroit for as little as one dollar, Chinese investors are eagerly gobbling up properties. In some cases, this is happening dozens of properties at a time. Not only that, according to the New York Times “dozes of companies from China” are investing in businesses and establishing a presence in the Detroit area. If this continues, will Detroit eventually become a city that is heavily dominated by China? (Read More...)
Will Russian And Chinese Military Forces On Syrian Soil Prevent Obama From Bombing Syria?
Everyone knows that the Obama administration has been steadily gearing up for a military campaign against Syria. Everyone also knows that Russia and China do not want to see this happen. Now Russia and China are sending military forces to Syria. It is being reported that Russia, China, Iran and Syria will be conducting the “Middle East’s largest ever military exercise” next month. Apparently tens of thousands of troops will be involved. This will be the first time that the Russians and the Chinese have jointly deployed large numbers of troops in Syria. Will this show of military power be enough to prevent Barack Obama from bombing Syria? Or will Obama go ahead anyway and risk ruining relations with the Russians and the Chinese? Tensions are rising in the Middle East and the region is a powder keg that could erupt at any time. If someone makes the wrong move we could end up with World War III. (Read More...)
A Chinese Group Plans To Construct A 200 Acre “China City” In Michigan
A Chinese group known as “Sino-Michigan Properties LLC” has bought up 200 acres of land near the town of Milan, Michigan. Their plan is to construct a “China City” with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens. Essentially, it would be a little slice of communist China dropped right into the heartland of America. This “China City” would be located about 40 minutes from both Detroit and Toledo, and it would be marketed to Chinese business people that want to start businesses in the United States. Unfortunately, this is not just an isolated incident. In fact, Chinese companies have been buying up land and businesses all over the country in recent years. There has even been talk of establishing “special economic zones” inside the United States modeled after the Chinese city of Shenzhen. It was inevitable that the Chinese were going to do something with the trillions of dollars that they have made flooding our shores with cheap products. Now they are rapidly buying up pieces of America, and many of our politicians are welcoming them with open arms. (Read More...)
Insanity! Is Barack Obama Going To Unilaterally Slash The Size Of The U.S. Nuclear Arsenal By Another 80 Percent?
Barack Obama wants to disarm America. There simply is no other way to explain his reckless behavior. On Tuesday it came out that the Obama administration is considering plans to unilaterally slash the size of the U.S. nuclear arsenal by up to 80 percent. From a military standpoint, this is utter insanity. Early in his presidency, Barack Obama signed a treaty with Russia that restricts both nations to a maximum of 1,550 deployed strategic nuclear warheads. But now Obama wants to cut the size of the U.S. arsenal down to as low as 300, without requiring the Russians to do anything. In addition, we don’t even have a treaty with the Chinese, and we have no idea how many deployed nuclear warheads they have. For all we know, it could be in the thousands. Unfortunately, very few people are speaking up about this. Most Americans just assume that we have such a massive nuclear arsenal that nobody would ever dare to mess with us. Well, that was true back in the 1980s, but that is not true today. If Barack Obama does unilaterally slash the size of the U.S. nuclear arsenal by 80 percent, that would make another world war much more likely. If we are sitting there with far fewer nukes than Russia and China have, they will not fear us nearly as much. (Read More...)
China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho
Thanks to the trillions of dollars that the Chinese have made flooding our shores with cheap products, China is now in a position of tremendous economic power. So what is China going to do with all of that money? One thing that they have decided to do is to buy up pieces of the United States and set up “special economic zones” inside our country from which they can continue to extend their economic domination. One of these “special economic zones” would be just south of Boise, Idaho and the Idaho government is eager to give it to them. China National Machinery Industry Corporation (Sinomach for short) plans to construct a “technology zone” south of Boise Airport which would ultimately be up to 50 square miles in size. The Chinese Communist Party is the majority owner of Sinomach, so the 10,000 to 30,000 acre “self-sustaining city” that is being planned would essentially belong to the Chinese government. The planned “self-sustaining city” in Idaho would include manufacturing facilities, warehouses, retail centers and large numbers of homes for Chinese workers. Basically it would be a slice of communist China dropped right into the middle of the United States. (Read More...)