![]() |
Search the Community
Showing results for tags 'China.'.
-
Here's an article of Dinarian-GCR-NESARA interests... -Is The RV Timed To The BRICS Meeting? -Rio BRICS Summit Will Be Very Historical & Very Significant. -China flexes It's Economic Muscle. Treat as a rumor. Not verified. Your opine. The Old Pretender: Is The Timing Here Significant? ARTICLE: The FED has now published the agenda for its 22 July. Basel III Endgame conference. Interestingly, the BoE is participating as the only foreign entity. It will be streamed live. “Integrated Review of the Capital Framework for Large Banks Conference” Is the timing here significant, just before the BRICS summit? The (misplaced) hype around previous BRICS summits came from western commentators. Interestingly, this time the hype is coming from insiders & those western commentators are silent. ANI: Delhi: PM Narendra Modi to visit Brazil from July 5 to 8 to participate in the 17th BRICS Summit, which will be held in Rio de Janeiro from July 6 to 7 Harvansh Chawla, Chairman of BRICS Chamber of Commerce & Industry, says, "This is going to be one of the most historic summits of BRICS so far & not only because PM Modi is going to be there. But keeping in mind the tariff war that the US has started for all over the world, this summit becomes very significant as far as BRICS countries are concerned. So whatever the summit outcome will be, it will be very historic & very significant this time..." India’s kabuki opposition to a BRICS currency may have been a red herring to help divert focus away from a new national currencies payments platform, which facilitates trade deficit settlement using #gold bullion. The BIG Question is, will #gold be mentioned at this BRICS summit? Hyperinflate away the debt before implementing a new Gold Standard with gold-backed USTs on 4th July 2026. In the intervening period, spin the crack-up boom as an economic boom. Garret Goggin CFA and CMT: Trump is going full MMT. Debt & spending are good because they produce growth. Fed rates soon to be at 1%. Get ready for the biggest financial bubble of all time. Gold will do as it always does & climb higher as the USD loses purchasing power at an accelerating rate. Here's Luigi's two cents worth... Above article claims new UST notes & US gold standard are to go in effect on July 4th 2026... Trump plans to make a huge announcement this Friday, July 4th 2025. Trump's 'Big Beautiful Bill' may go into effect as early as the 4th. Import duties & national sales tax are supposed to replace the IRS. This could be the launch of NESARA. This Friday, July 4th is a very significant day for Dinarians. This is something we should all be watching & waiting for. Stay alert - pay attention - use discernment - ask questions - avoid disinformation. Go RV. IMHO.
-
Here's an article of GCR interests... Is China Too Big To Fail? Treat as a rumor. Not verified. Your opine. Jim Rickards: The Collapse Of Communist China. ARTICLE: When I write collapse, I’m not referring just to a financial meltdown. I’m referring to a broad-based social collapse that could call into question the rule of the Chinese Communist Party (CCP), which some historians refer to as the Peasant Dynasty. In order to understand the vulnerability of China, it helps to consider the counter-narrative that the China is a rising great power. We’ve heard for decades that Chinese GDP would soon exceed U.S. GDP to make China the largest economy in the world. China has also long been known as having the largest population in the world. The latest addition to the super-China narrative is that China is passing the U.S. in technology & AI & that this technology applied to the People’s Liberation Army (PLA) would give China military superiority as well. From this position, it’s a short hop to a Chinese takeover of Taiwan & expulsion of the U.S. from its position in the Western Pacific. At that point, the Asian Century will have truly displaced the American Century (1914-2008). Every One of Those Statements Is Wrong. I’ve said for years that Chinese GDP would never surpass U.S. GDP. The reason is that China is now stuck in the middle-income trap. It’s an accomplishment for an economy to move from low per capital annual income (about $5,000) to middle per capital annual income (about $15,000). China has accomplished that. But you cannot simply extrapolate from middle-income to high-income ($24,000 or higher) on a linear basis dependent only on the passage of time. It takes an extraordinary effort to break out of the middle-income trap. Only a few countries (Japan, Singapore, South Korea & Hong Kong) have ever accomplished it. The key is technology & high-value added production to replace low-value added assembly style production. China has not accomplished this. Most of China’s technology is stolen from the West. That’s not good enough, because the country you stole it from already has it & has already applied it efficiently. You have to invent your own technology & apply it before competitors are even aware. China has failed miserably at this. Growth Is Near Impossible. Chinese GDP is often touted as a measure of success, but it is overstated by about 100%. Investment is roughly 45% of Chinese GDP compared to about 25% in most developed economies. Over half of Chinese investment is wasted. I’ve been to China many times & have seen the empty ghost cities & the monumental train stations that are mostly empty. If that wasted investment were written-off, Chinese GDP would drop from 5.0% to 3.6%. With honest accounting for bad debt in the government-controlled banks, Chinese GDP would drop to 2.0% or lower. China’s government debt-to-GDP ratio of 250% makes it impossible for China to grow faster than the debt burden is growing. This dynamic makes future growth even more difficult. On the Chinese high-speed train that runs from Shanghai to Beijing at over 300 kph. China has produced major technological advances, but it has done so in non-sustainable ways including excessive debt & theft of intellectual property. The other impediment to growth in China is demographic. China’s population is shrinking at an alarming rate, partly as a result of the one-child policy (1980-2010). Now, China wants to encourage families to have two or three children. But the damage is done. Chinese women today do not want families because of new opportunities presented by education, high-paying jobs & urbanization. China will lose over 300 million working age citizens in the next forty years. If output is understood as working age population multiplied by productivity, then economic growth in China is a near impossibility. China is no longer the highest population country in the world. They were recently surpassed by India. That population gap between India & China will only widen in the years ahead. As for military superiority, China is not even close to U.S. capability despite the Biden administration’s cuts in spending on new weapons & combat readiness. China touts its lone aircraft carrier without mentioning that it was actually built by Russia. China is trying to build an aircraft carrier fleet, but that’s an immensely complex task that can take twenty years to fully implement. China threatens U.S. aircraft carriers with an attack from a Chinese hypersonic missile. That’s possible, but the U.S. response would be to sink the entire Chinese fleet – something similar to what Japan did to Russia in 1905 & the U.S. did to Iran in 1988. An invasion of Taiwan is not in the cards despite continual threats. Desperate Measures. All of these growth & geopolitical headwinds have been building for years. Now, Trump’s tariff & trade war have hammered the Chinese economy into what is likely to be their 1st recession since 2008. Worse yet, the lost orders, factory closures, unpaid wages & lost jobs are causing social unrest that is even more threatening to the Chinese Communist Party (CCP) than slow growth & recession. Here are some snapshots as reported by on-the-scene observers: There are numerous reports of factories failing to pay their workers. In some cases, the wage arrears go back six months. Arson attacks on railway stations & factories were widespread on February 10th. Many videos of these fires have been posted online. Youth unemployment hit 27% at one point in 2024. The government’s response was to cease reporting on youth unemployment. When youth are unemployed or idle, they are more likely to respond with violence in the streets. The CCP passed the “Anti-foreign Sanctions Law.” This law retaliates against any US owned company in China that complies with US sanctions against 3rd parties. Russia & Iran are the main targets of such sanctions. The penalty for violating this law is confiscation of all corporate assets in China. The CCP government is showing fake stories about riots in U.S. retail stores due to higher prices because of tariffs. One story claims U.S. customers of Walmart & Target are rioting inside stores to buy Chinese goods before tariffs go into effect. Those stories are complete lies but they are propagated to boost morale in China by suggesting China will win the trade war. In the recent Thai earthquake only one high-rise building fell. It was a Chinese-built office building that claimed to have advanced anti-earthquake technology according to the CCP. Upon investigation, it was learned that the steel rebar was defective & concrete beams were not built to specifications. After the building collapsed, a group of Chinese nationals breached the police security perimeter to haul away a truck load of business records. Four were arrested. This illustrates how the Chinese do everything. They don’t innovate. They cut corners. The official Chinese central news agency aired a story about their plans to invade Taiwan. Those stories employed a string of vulgarities, such as “F*ck Taiwan,” “Taiwan can go f*ck itself & “Taiwan sucks,” accompanied by other vulgar quotes from CCP officials. This isn’t diplomacy & it isn’t even good propaganda. It’s a sign of weakness. Many Chinese exporters rely on exemption from duties & customs inspections on direct-to-customer shipments from China to end users in the US where the value is less than $800 per item. Shein & Temu are the principal beneficiaries of this loophole but there are many others. This exemption has destroyed hundreds of thousands of small suppliers in the U.S. The exemption has now been eliminated. Temu’s sales have been crushed & a proposed IPO of Shein in London may be delayed or scaled down as a result. China’s economy relies on the exploitation of World Trade Organization (WTO) membership, low U.S. tariffs & Wall Street greed that supplies China with capital to go with their slave labor system. All of that is now coming to an end. Trump’s tariffs will demolish the role of the WTO. The SEC may revoke reporting exemptions currently available to Chinese companies listed in U.S. markets. Wall Street will be regulated in such a way that capital will flow to new investment in the U.S. & not to China. The result will be a body blow to China’s ambitions to grow economically & to finance its military ambitions. Losing the Mandate of Heaven. If China does not quickly agree to Trump’s agenda, the impact on China will be far worse than lost trade & layoffs. President Xi Jinping will lose what the Chinese call The Mandate of Heaven. This is the source of political legitimacy in China regardless of what formal type of government is in place. If Xi loses the Mandate of Heaven, China will descend into chaos, unrest & political decentralization as has happened repeatedly over 3,000 years of Chinese civilization. The result will be more profound than even the Cultural Revolution (1966-1976). It will mean the end of the CCP & the current era of Chinese governance. You May Also Be Interested In: Oozing, Infectious A.I. By Adam Sharp Posted April 30, 2025 Weaponized AI will feast on our brains like a sci-fi parasite if we let it…Jim Rickards.
-
Luigi found this article of disturbing Dinarian interests... Are we at the mercy of China? Some Gurus think so. The UST blew it. China tired of waiting on US. Takes control. Treat as a rumor. Not varafied. Your opine. July 8 2019 MarkZ: Europe, Asia, Zurich they are still planning on exchanging tomorrow. Has Plan B, the rumor is IF the Chinese bypass the UST by tomorrow….then the US may trail behind a couple days as logistics are worked out. Plan B been worked out, so Mr C & the Chinese can BYPASS UST? Seizes control.
-
Luigi says... Treat this as a rumor until verified by multiple sources. See item #16. Not varified. Your opine. 18 Oct 2017 Other outside sources... 1. On Sat. Oct. 14 the newly-installed Central Bank of Iraq (CBI) Governor talked about the Dinar being an international currency again, saying there was no longer any restrictions for the Dinar or for any other currency exchanges. 2. Late tonight Oct. 17 Abadi would make an announcement around 7 am Bagdad time (midnight tonight Oct. 17 EDT). 3. Shortly thereafter our 800 number could come out. 4. Bruce would put out the 800 on his website ***removed link*** and email it to those who have registered for it. 5. An information blackout started today Oct. 17 in Iraq. 6. For the last six days there has been a solid rate on the Iraq citizen Dinar Qi cards. Today Oct. 17 a new rate popped up that was almost $4 higher than the old solid rate. 7. The privately negotiated rate (PRN) for us would be even higher than their new rate. 8. There was also a new higher rate on the Dong today Oct. 17. 9. The PNR rates are not screen rates. They are rates for us to negotiate for our humanitarian projects. 10. There were 31 banking institutions that would be exchanging the Dinar, Dong, Ruphia, etc, but not the Zim. HSBC would be the only bank exchanging Zim. 11. Those 31 banks would be sending out emails to their customers who bought currency from them asking them to exchange with them (at the screen rates). 12. The John Q. Public would be getting the banks screen rates. 13. If you want to call the 800 number and obtain an appointment at the exchange centers (at the PNR rates) your appointment would be set up according to your zip code. A special Zim Call Center would handle you if you have Zim. 14. The Primary Call Centers have already been activated. Last night Oct. 16 the seconday Call Centers received an update. Today Oct. 17 around 10:30 pm EDT there would be a final update to the Secondary Call Centers. 15. In Iraq they would have access to their Qi cards our tonight Oct. 17, their morning Oct. 18. 16. Around 9 pm EDT tonight Oct. 17 the Chinese Premier would supposedly make an announcement that the world was on a gold backed system. That announcement would essentially be the announcement of the Global Currency Reset.
-
Luigi says... Take this article as a rumor. Could China exclude the USA from the RV process? Not varified. Your opine. 11 Fec 2016 WSOMN: Mick5150: China wants this done by the end of the month The cabal is done and no one is holding this up I am very limited to what I can say...my source is directly involved in this China will have this done by the end of the month if they have to do it themselves Blaze :MICK so is this info "recent" like today.. thought we were told it needed to be done before TPP and before Chinese New Year...thnaks Mick5150: there was a problem with the governor of cbi I'm still looking by the weekend ....... You guy start reviewing what you need to do for the exchange and all have a great night Thanks all if I get any updates l will let you know…. be ready for a moments notice
- 18 replies
-
- 12
-
-
-
Luigi says... Take this article as a rumor. There is no direct evidence China is in charge of the IQD RV. China will not push the RV button for Iraq. IMO. China is a contributor. Iraq has the final say so. IMO. 29 Oct 2015 Intel Newshound Bruce... PinkRoses: Bruce call: what is interesting is there was an offering of Chinese bonds in London. PinkRoses: Bruce call: One bond 1 year, one 2 years duration. This is one thing china needed to do to put bonds out there to put themselves in special drawing right (SDR) basket. That was a step China needed to do, and they done it. PinkRoses: Bruce call: you are going to see more and more things happening with the Chinese Reminbi, coming into a world reserve. Timing we are looking for, we think it is right there. We are not looking at anything that will take us past this weekend. Fitzgerald: BRUCE SAYS FROM HRS TO DAYS AWAY PinkRoses: Bruce: hearing hours and days away. That is very good. rates moving up, rates on screens throughout the world. PinkRoses: Bruce call: been exchanges the last 3 days or so. Believe we going to have a shot gun start as far as notification which i do not think it be far off. Are we having celebration call? we still in pre celebration mode still. Alot of money been moving around. PinkRoses: Bruce: major funding now in place with at least one major bank to take care of prosperity programs and our exchanges, money is in place. WE are looking for certain signals, the process is under way, definitely under way. Certain entities have signed off. Firzgerald: Dont make plans to go anywhere for a couple days. PinkRoses: Bruce call: I think it will proceed nicely. NO one make plans to go anywhere they have to go because i think they will be busy next couple of days. Rates are high, and moving higher. The rates are good. Fitzgerald: Q&A NOW Mangelo: Bruce call: Caller- are we waiting for IMF to give the go ahead PinkRoses: Bruce call: Bruce: IMF, i believe they are going to make an announcement, most likely be CL. With the help of China pushing it through. Mangelo: Bruce call: with China pushing it through. PinkRoses: Bruce call: caller: I recieved an email about the new currency, and it indicated that the IMF was waiting for the new currency to be distibuted to state that didnt have them. true? Mangelo: Bruce call: caller is asking if the new currency is at the banks at exchange centers PinkRoses: Bruce: let me say, the new currency we expecting to see is already at the exchange locations, all ready at the banks, and will be inserted in the atm machines when the time it will occur. PinkRoses: Bruce call: the lower denoms, the 1, 5, 10, 20, 50, 100 Iraq denoms, suppose to go out late late late tomorrow night. for that to occur they need an international Iraq. Mangelo: Bruce call: they would need the new international rate PinkRoses: Bruce call: caller: the Goat says the dong not in basket, you have evidence? Bruce: yes I do. Mangelo: Bruce call: caller yes the dong is in the basket and it's way over $2.00. PinkRoses: Bruce call: caller: cap on the ZIM? PinkRoses: Bruce: I am not a cap guy. What I heard so far indicates a cap on the ZIM. Dont go to a tier two bank with lots of ZIM. Go to the 4 major banks as WF. PinkRoses: Bruce call: caller: clarify how exactly on the banks able to exchange my currency into american dollars. PinkRoses: Bruce call: Bruce: the banks collect the currency that is exchange, take the currency give it to the US treasury or give it to an international trading location to give it back to orgin country. Mangelo: Bruce: It is just a little physical move on the money itself, also a digital move. You draw against that exchange in your account. PinkRoses: Bruce call: caller: That means the banks have an agreement with the federal reserve? Bruce: dont worry about it. it is a simple process, the banks already have worked it out. it is all set up. PinkRoses: Bruce: your job is to just show up at the bank, have your act together. PinkRoses: Bruce call: caller: any truth of rumor of ZIM notes, that trillion notes become million notes? PinkRoses: Bruce: yes, trillion notes become million with 6 zeros off, billion notes 3 zeros off. PinkRoses: Bruce call: caller: the US said they may put sanctions on Zimbabwe, if that is the case will it affect the ZIM going in to basket? Bruce: why you bringing that in for? caller: i want clarity Bruce: I havent seen the article. As far as I know we are good to go on the exchange of the ZIM, nothing going to stop that as far as we can see at this point. PinkRoses: Bruce: woudl I hold onto my ZIM? No, i would move quickly on it. exchange it whatever the rate is on the screen… what I heard is fantastic. Mangelo: Bruce call: nothing going to stop it, go ahead the zim right away. it's going to be very good WiseLaura: Bruce thinks that this weekend but when the new denominations are released tomorrow in Iraq we should follow closel He thinks likely for tomorrow night - no guarantee but an excellent opportunity. The dong is well over $2 PinkRoses: Bruce call: caller: Are they taking all the denoms of the ZIM and is the rate higher than .25? PinkRoses: Bruce: not higher than .25, bit lower. We dont know what they going to do with the million and hundred thousand ZIM notes. just take them in and see what happens. PinkRoses: Bruce call: caller: Clarify this, I look at currency exchange earlier today, I saw for the ZIM what it amount to a penny. What I noticed was only available for ten minutes. few hours samething. I called Chase, they not exchange ZIM. If it had remained at that penny, I consider that an exchangeable currency. PinkRoses: Bruce: You are talking about XE.com, an amateur site, not for the pros. I dont care what even the forex say, what is important what the bank screen say. Is it active, you can actively do? The rates will be alive, and exchange allowed then. I wouldnt mess with other than a tier one bank to exchange the ZIM. PinkRoses: Bruce: It doesnt mean anything. When the banks have actual rate on screen, we have appt to exchange, that is what matters and it is real. Look at it as if it was a test, testing the system. Mangelo: Bruce call: caller.. what matters is when it's on the bank screen! PinkRoses: Bruce call: caller: clarify something. you said… large sums of money moved around. Bruce: yes extremely large amounts have moved around. PinkRoses: Bruce: caller: This exchange will be on our acct digitally. What is the purpose of this large amount moving around? PinkRoses: Bruce call: caller: I heard activity on forex. PinkRoses: Bruce: We heard the forex went down other day then came back up. We cant set watch by forex. Dont worry about the forex. Just worry about the bank screens, that is what going to make or break our exchanges.
-
from another source... RV awaits on USA FATCA Tax & Chinese New Year. 2-25-15 R.V. / GCR: Possible exchange next Tuesday, but according to Chinese before the end of the new years (Chinese New Year Celebration Ends Mar. 5th). The devil cheats …so figure any time from now until the day or even a few days after the Chinese new years...Seems they are working on this now,… in order to be in compliance… the United States of America will allow Iraq to untag from the US dollar if they sign the form treaties asked for FATCA taxes. When they do this the global currency reset will take place with all countries and you will bank…. Timber.
- 56 replies
-
- 10
-
-