25 Aug 2013

China’s American Bailout?

By: ZURICH – The twenty-first-century economy has thus far been shaped by capital flows from China to the United States – a pattern that has suppressed global interest rates, helped to reflate the developed world’s leverage bubble, and, through its impact on the currency market, fueled China’s meteoric rise. But these were no ordinary capital flows. Rather than being driven by direct or portfolio investment, they came primarily from the People’s Bank of China (PBOC), as it amassed $3.5 trillion in foreign reserves – largely US Treasury securities.
This illustration is by Paul Lachine and comes from <a href="http://www.newsart.com">NewsArt.com</a>, and is the property of the NewsArt organization and of its artist. Reproducing this image is a violation of copyright law.The fact that a single institution wields so much influence over global macroeconomic trends has caused considerable anxiety, with doomsayers predicting that doubts about US debt sustainability will force China to sell off its holdings of US debt. This would drive up interest rates in the US and, ultimately, could trigger the dollar’s collapse.
But selling off US Treasury securities, it was argued, was not in China’s interest, given that it would drive up the renminbi’s exchange rate against the dollar, diminishing the domestic value of China’s reserves and undermining the export sector’s competitiveness. Indeed, a US defense department report last year on the national-security implications of China’s holdings of US debt concluded that “attempting to use US Treasury securities as a coercive tool would have limited effect and likely would do more harm to China than to the [US].”
To describe the symbiotic relationship between China’s export-led GDP growth and America’s excessive consumption, the economic historians Niall Ferguson and Moritz Schularick coined the term Chimerica.”

Hacked! Colorado Highway Sign Changed to Read “Snowden is a Hero” + 'High' Alert: 1000s of cannabis plants in German town as part of protest

By Michael Krieger: Ok, this is pretty much awesome. When I first saw it on Twitter I was a little skeptical, but today I looked into it further and it appears to be completely true. It happened around Telluride, Colorado, a place that has special meaning to me after experiencing the incredible bluegrass festival there earlier this summer. In fact, I really knew how awesome the town was when I saw the following image while walking around: 

Screen Shot 2013-08-24 at 12.43.15 PM

London Anti-Agenda 21 and GeoEngineering Demo

Morris: Part of an international day of protests. A cross of evidence and believers is presented. Source

Australian Election: A Game of Polls - Juice Rap News - Starring Julian Assange

thejuicemedia: Rap News season finale: Episode 20 - A Game Of Polls. A messenger raven has arrived in the Juice Media studio bearing tidings from the land of Australios: Elections are Coming. The perpetually warring factions and severely inbred families from across the Australian political sphere are squaring up in a more than usually bloody campaign. It's Right versus slightly more Right in the election to end all elections for a few years.

Willie Lynch letter: The Making of a Slave

FinalCall: This speech was said to have been delivered by Willie Lynch on the bank of the James River in the colony of Virginia in 1712.  Lynch was a British slave owner in the West Indies. He was invited to the colony of Virginia in 1712 to teach his methods to slave owners there.
[beginning of the Willie Lynch Letter]
Gentlemen. I greet you here on the bank of the James River in the year of our Lord one thousand seven hundred and twelve. First, I shall thank you, the gentlemen of the Colony of Virginia, for bringing me here. I am here to help you solve some of your problems with slaves. Your invitation reached me on my modest plantation in the West Indies, where I have experimented with some of the newest, and still the oldest, methods for control of slaves. Ancient Rome would envy us if my program is implemented. As our boat sailed south on the James River, named for our illustrious King, whose version of the Bible we cherish, I saw enough to know that your problem is not unique. While Rome used cords of wood as crosses for standing human bodies along its highways in great numbers, you are here using the tree and the rope on occasions. I caught the whiff of a dead slave hanging from a tree, a couple miles back.

Misandry: Safe space sounds better than apartheid

johntheother: The conceptual bubble of socially accepted bigotry to be kept safe from being punctured by the truth. If we're going to go back to a tiered society, if we're going to regress, in the knowledge and the recent memory of rejecting the same thing world wide within the last 3 decades. Can we at least have the common fucking decency to call this what it is? Call it apartheid.

Truth to power.. I have a dream,the calfs milk - The BBC Sucks O Cocks news

The artist taxi driver

‘Them and us:’ One in four children living in poverty in UK

RT: Due to government efforts, childhood poverty continues to increase in the UK, with at least 3.5 million kids living in relative poverty, according to a new report, which is 1.5 million more than in the 1960s.
Reuters / Kevin Coombs The ‘Greater Expectations’ report, seen by the Guardian, highlighted that in some ways the childhood poverty is now even worse than it used to be nearly fifty years ago.
The report will be released by the National Children's Bureau next week to mark the charity’s 50th anniversary. The main goal of the report is to “explore how inequality and social disadvantage continues to blight the lives of children and young people, nearly five decades after the original research report.”
Key figures from the report point out: The number of children in relative poverty had increased by 1.5 million since 1969; a child living in poverty is far more likely to be obese, suffer accidental injuries and are far less likely to do well in school and have access to parks and play areas. 
The release will follow the National Children's Bureau Born to Fail?

Misandry = Men Don't Exist + The Myth of Women's Oppression

manwomanmyth: Reintroducing the rarely used word misandry, defined as the hatred of men and the equivalent of misogyny (the difference being that we've all heard of misogyny).
Examines the negative portrayal of men in the media and the negative associations that are made when the word men is used. Looks at how the deaths of men are hidden in news reporting.

No race motive in Australian's murder: prosecutor

ramzpaul: Killer's sister agrees. http://youtu.be/7C0gAfUXhVo

Despite the killer tweeting that he hated White people, the media and district attorney are "baffled" as to the motive. It was obviously not a hate crime as the victim was White and cis gender. It must be "random". http://sports.yahoo.com/news/no-race-...

Environmentalism and The Sin of Breathing

Stefan Molyneux: A Conversation with Redmond Weissenberger

Apartheid Israeli Regime To Turn Historic Mosque Into Synagogue

UK BANNED Press TV: Israeli death squads have taken full control of a historic mosque in al-Quds (Jerusalem) to turn it into a synagogue, in the latest zionazi measures by Tel Aviv to Judaize the Muslim city.