Archipelago

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China Set To Establish No-Fly Zone Over Islands After Successful Test Flight





"The next step will be, once they've tested it with several flights, they will bring down some of their fighter air power - SU-27s and SU-33's - and they will station them there permanently. That's what they're likely to do."

 
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China Builds Second Aircraft Carrier As Xi Flexes Maritime Muscle





As tensions continue to rise in both the South China Sea (see the recent protest by dozens of Filipinos in the Spratlys) and the East China Sea (where Beijing and Tokyo are feuding over disputed islands and claims on oil and gas fields), the PLA has begun building China's second aircraft carrier in yet another sign that Xi fully intends to build a true blue water navy.

 
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Dozens Of Protesters Swarm Disputed Island As China Demands Withdrawal Of Filipino Troops





"We encourage the higherst leadership of the country to inform the people correctly without sugar coating the truth about Chinese invasion of our Exclusive Economis Zone. How can the people unite and pick up the cudgels and fight alongside of you if you hide the truth from us?"

 
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The Keynesian Recovery Meme Is About To Get Mugged, Part 2





At the end of the day, the Fed led central bank money printing spree of the past two decades resulted in what is functionally a massive dollar short. Once the Fed stopped expanding its balance sheet when QE officially ended in October 2014, it was only a matter of time before all the “near-dollars” of the world would come under enormous downward pressure in the FX markets. Our Keynesian witch doctors believe that sinking currencies are a wonderful thing, of course. They claim making your country poorer is a good way to stimulate export growth and a virtuous cycle of spending and growth. But there is another thing. It is also a good way to generate capital flight and the ensuing chaos that creates.

 
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Argentines Stumped By Mystery Trucks Loaded With $130 Million In "High Denomination" Bills





Apparently taking a page out of the Spanish government's playbook, Argentines in the Santa Cruz region were surprised yesterday afternoon when at least five bright yellow armored trucks accompanied by heavily armed police paraded through the city. Just weeks after Kirchner's Peroniost government lost the election, and coming after five office fires (destroying banking and economic files from the current regime), local press reports the trucks loaded up with $130 million of banknotes at the airport and driven to banks in the region where outgoing President Kirchner's sister-in-law is governor. Amid comments by the central bank that there are no reserves left, and ongoing discussions of larger banknote denominations and (implied 50% devaluations), one could only speculate where the officially "business-as-usual" transfer of $100s of millions of banknotes will end up.

 
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China's Navy Trolls US Destroyer: "Hope To See You Again"





"Hey, we're not going to be with you anymore. Wish you a pleasant voyage. Hope to see you again'."

 
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China Warns U.S. It Risks Sparking A War If It Doesn't Stop "Provocative Acts"





"If the United States continues with these kinds of dangerous, provocative acts, there could well be a seriously pressing situation between frontline forces from both sides on the sea and in the air, or even a minor incident that sparks war."

 
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Hyperinflating Argentina Forces Government To Increase Banknote Denomination





For the first time in years, as PanAm Post reports, lawmakers from Argentina’s ruling Front for Victory coalition have proposed upping the size of the country’s largest denomination banknote to AR$200. While some 42% of Argentineans deemed it necessary in a 2014 survey the Cristina Kirchner administration has ignored repeated requests by economists, banks, and other financial institutions to issue larger-denomination bills. Indeed, Congressman Carlos Kunkel, author of the current bill initiative, claims the measure has nothing to do with inflation, but would "reduce the cost of printing and circulating money."

 
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Malvinas 2.0? Argentina Plans Asset Seizure Of Falkland Oil Companies





Is it just election fever, or is Argentina serious about reclaiming the Falklands Islands?

 
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12 Signs That The United States And China Are Moving Toward War





If the United States and China are supposed to be such “great friends”, why are both sides acting as if war is in our future? There were years of diplomatic troubles before Japan finally made the decision to launch a “surprise” attack on Pearl Harbor. Right now, it appears we are moving into a similar period of diplomatic trouble with China.

 
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China Completes Island Construction, Will Now Build Military Facilities





The Chinese foreign ministry is out with a statement indicating the country has nearly completed its construction projects in the South China Sea. While this could be viewed as a sign that China has effectively backed down, albeit on its own terms and at its discretion, that will likely come as no consolation to the US and its allies because even as China signaled an end to its dredging activities, it also implicitly admitted that it will continue to build military facilities on the islands.

 
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