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A Couple Of "Out There" Headlines To Start The Week
First, here is one for the Magic Money Tree growers who contend the US dollar will never, ever, with absolute certainty, lose its reserve currency status:
- PBOC'S PAN CONFIDENT YUAN TO BE RESERVE CURRENCY: SEC. NEWS via BLOOMBERG
Of course, the US is confident that all those aircraft carriers stationed around the world will make sure this never happens. But the US was also sure Russia would fold like a cheap lawn chair on the Ukraine crisis, when in reality it is Putin who has so far been the biggest beneficiary.
And the other headline:
- JAPAN MAY DEPLOY DEFENSE TROOPS TO SOUTHWEST ISLANDS: YOMIURI via BLOOMBERG
Some more from Yomiuri, as cited by BBG:
- Japan considers deploying troops in southwestern islands Amami Oshima, Miyako and Ishigaki to step up defense in the regions, Yomiuri newspaper reports, without attribution.
- Japan may send ~350 self-defense force personnel to each of the three islands: Yomiuri
- Ishigaki is ~170km away from disputed islands in East China Sea, which are known as Senkaku in Japanese and Diaoyu in Chinese; Miyako is ~210km away from the disputed islands
- Senior Vice Defense Minister Ryota Takeda to visit Amami Oshima this week to request research for establishment of new station on the island: Yomiuri
Perhaps this brilliant plan to provoke China just a little more as Vietnamese protesters are torching Chinese factories and infuriating the Beijing politburo, is precisely the catalyst China needs to test just how easy it would be to become the next reserve currency (with or without Russia's assistance, even as Putin and the top political and oligarch brass is in China right now finalizing Gazprom's "holy grail" deal with China).
As for the market, so far it violently unchanged especially after the USDJPY almost moved more than 2 pips on the ridiculous Japanese data released earlier. Almost.
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Someone is over confident and someone is about to get it up the rear.
Is it Barry?
Remarkable that China has not figured out what having a reserve currency entails. Having a reserve currency enables you to borrow at favorable rates, so you can become the world's largest debtor. Congratulations, China.
The world doesnt operate of fundementals any more. It only considers who has the biggest armies. China has billions of muhfuckas. Coming to a hood near u
How about an 'out there' byline? I usually turn the TV off on Sunday night when CBS this morning comes on, but I waited until the end of the first story tonight to hear "This is Lauren Lyster for CBS this morning". Remains to be seen whether she still wants to make a difference, or now just wants to cash in. Given the inevitability of the course now set, I am not sure that I could find fault with either.
Putin knows the shit. Obummer is the shit.
"Coming to a hood near u"
If it comes to a pissing contest, they ain't no match for the US. We have had more experience killing other combatants than the UN put together. Now all we need is another nice little armed conflict in Asia. Thats part of our pivot to Asia strategy. Thank you, Ole Great Nobel Peace prize winner. Greatest President and all round Peace Maker of all time we never had.
"Someone is over confident and someone is about to get it up the rear."
Team Obama has got them covered. POTUS gave assurance American servicemen and servicewomen volunteer to die for them. Of course, it is all in defence of the US which is just over the horizon. Thank you Mr President, American lives have so little value.
Of course the market isn't changed we're in financial warfare. When that ends the looser will invoke nuclear warfare. It's over.
"When that ends the looser will invoke nuclear warfare. It's over."
A nuclear war is relatively painless compared to the blessings we are receiving from the fallout from Fukushima.
Great guy and our best ally, Fukushima Abe. Americans can hardly wait to sacrifice themselves for you.
What do you guys think, should we begin shipping the mutants ?
earth is not flat any more?
I don't see why they don't just wage war with the hashtag #YOMIURIisJapan
Why send warriors when there's Twitter
"Why send warriors when there's Twitter"
That is an excellent idea. When the shootin starts and POTUS wants to send the servicemen, thay should all twitter their support for Abe.
Is it just me or does it seem that the world is starting to fray at the seams?
pods
Sometimes it feels like a rip in space-time.
1938-1939.
The resemblance is un-fucking-canny.
It's a big shit sandwich and everyone gets to take a bite!
And the name that sat upon him was death
It isn't you.
Big slow down coming and few tricks left up a central bankers sleeve. Coincidence?
It has been frayed for sometime. I think we have moved to the unraveling stage. This is not going to end well for anyone except those who pulled the first thread. End the Fed or it will end us.
I need a Bloomberg Terminal :(
#bringbackourislands
Thanks Jenn
That reminds me, we are fresh out of bananas!
pods
Completely and utterly delusional... for environmental, demographic, health, and resource reasons.
No nation can be a superpower let alone the "reserve currency" if they don't even have enough drinking water to supply their population... let alone their industrial needs.
And the Chinese will have completely exhausted their aquifers by 2030 - those that took millions of years to accumulate.
... by which time those of the USA will be completely polluted.
"And the Chinese will have completely exhausted their aquifers by 2030 - those that took millions of years to accumulate."
They will be too busy killing one another to bother anyone else.
Best reason why we ought to stay out.
And we are better water managers because? China has had a massive population for a long time. We are still wet behind the the ears and our aquifers are drying up. Number one use of water in US. is not agriculture or manufacturing- it's for lawns. Matter of fact how much water do you think NSA uses to cool the Utah data facility-forgot the figure but it is loads.
Have you been a U.S. citizen long? The government stays out of nothing and more often than not starts the conflict. Something like 80% of all wars since 1900 instigated or inflamed by U.S.
Barry O: "Gotta get the 9th hole first damn it.."
Keep that price low...gotta keep stacking.
How exactly is Putin "has so far been the biggest beneficiary?" Because China has forced him to sell gas at discount? When there were 2 "steady" buyers - EU and China - gas went to the highest bidder. Now- not so much. Oh, and how successful has "Donetsk republic" been in removing Ukrainian troops? That's perhaps 75% of Donetsk residents do NOT want to join Russia?
And the latest from Crimea: Putin raised pensions and salaries 2X vs what Ukraine paid. But retail prices shot up 3X. People tried to protest liek they used to during the "fascist" Ukrainian rule, ,rut were met with 2000 riot police. As one of wanna-be protesters pointed out, 2 months ago they protested to join russia, and what they got is a regime that DOES NOT allow protests. LOL. in 10 years they will be BEGGING for Ukraine to take them back.
Yes, I'm sure protesting the current government in kiev is a cakewalk.
And Russia was selling gas to ukraine at a 50% discount, so...
In 10 years time, maybe they'll be as economically successful as Greece.
"what they got is a regime that DOES NOT allow protests. LOL. in 10 years they will be BEGGING for Ukraine to take them back."
Putin slapped them with the Nuland pussy.
Never mind bashing Poootin on here. Lousy with lovers of that fucker.
.,..and he IS a fucker.
Problem is, people are so starved for a true leader....the globe hasn't had anyone decent for decades...all the good ones were fucking killed.
Now we have wankin bankers, drone killers, frauds, douchebags and power mad cunts.
I could be wrong, but I don't think people are for Putin as much as they are against something (or someone) else. Disclaimer: I'm not for or against him, I just kick back and watch with my bag of popcorn.
Putin was given crimea in trade for a european Ukraine. He gets to keep his port on the Black sea and may even get some of the industrial East. We agree to pay the Ukranes' gas bill. Europe will be a much better paymaster than the Ukraine has been. It is all a big game kids.
Hat tip to Beetle Bailey- I don't get the tyrant worship either. They're ALL assholes.
Just a note- did you catch the brave individuals speaking at the FCC. Where was their free speach- their right to protest? They were hauled off and arresed while the FCC members sat there and smiled. The U.S. has been captured- worry about getting this government under control and the Ukrainians, Russians, Chinese populations and others will benefit. If we wish the status quo to be broken we need to get the meassage to the people at the bottom of the pyramid. Stand outside your local Wal-Mart and let them know the evil the Central Banks have become. The problem with the U.S. is the Federal Reserve- they supply the money to the oligarchs. If the U.S. treasury can issue a bond then it can issue a dollar. End the Fed and you will end the oligarchs hold around the world. End the Fed and wars will be shorter. End the Fed and take back our government.
All that we are left with is Obama, the blank slate, the creation of the CIA and political propaganda machine., who now like Mr Hyde all the Americans will project their own repressed evil sides onto. Man this is the perfect timing for Russia and China .
Head for the hills.
Quoted excerpts: 'America, Japan, and the Cold War'
Government oppression, economic hardship, and the Civil (1945-49) War were the major preoccupations of the intellectual community in 1948. Related to these was the issue of Japan's revival. Concern began to grow as soon as the U.S. plans for the rehabilitation of the Japanese economy and defense capabilities became known. Under Sec. of State, Dean Acheson, revealed the intention to rebuild the Japanese and German economies in may,1947. This sharp break with immediate post-war occupation grew out of the developing Cold War and the American desire to build a strong anti-Communist front in Europe and Asia. The Soviet Union was consolidating its hold over Eastern Europe. The U.S. was responding with the Truman Doctrine, aid to Greece and Turkey, and the Marshall Plan for Western Europe. The post-war world had divided itself into two camps. In China the two sides were already at war, and America's ally [Chiang Kai-shek] was not winning.
Wang Yun-sheng, editor-in-chief of the Ta Kung pao, was among the first to sound the alarm after a two-week trip he made to Japan in 1947. While there he learned that Japanese naval bases and airfields were being repairedrather than dismantled, that the U.S. was training Japanese fliers, and that arms and heavy industries were being restored. The reason for all of this, he declared, wasdefense against communism and against the Soviet Union. The implications for China-- where American-supported anti-Communist forces already included Japanese troops-- seemed clear. Should any incident break out between the U.S. and the U.S.S.R., he wrote: "American warships will carry Japan's 'Kwantung Army' to land again on our NW soil fighting Russia on one hand, and directly undertaking, on behalf of China, the task of 'defense against communist suppression', on the other." This apprehension lay at the heart of the opposition to America's new Japan policy." end quoted excerpt
Noted Sectional Excerpts,... Three major fears: the danger of renewed aggression once Japan's military capabilities had been restored-- the threat of economic domination of East Asia by an industrialized Japan-- and finally, that in event of war between the Soviet Union and the U.S., Japan would become an American base, and China the battleground.
lastly, and most importantly... with great hindsight, this basic fear that in the event of war between the U.S. and the forces of communism, Japan would become an American base and China the battleground, came close to reality [and WWIII/ 1949 USSR & A-Bomb] within two short years-- except that Chinese soldiers fought on Korean rather than Chinese soil.
Note2: The San Francisco [Treaty/ NATO/UN/US_Sino-Jap] Conference of 1951?[52] did little to Japan other than release the Korean peninsula to USSR and US and Taiwan[Formosa] to the Republic of China, with much to do nothing else... but, agree never to mobilize their military ever again in a U.S. written Japanese Constitution, and unconditional surrender signed aboard the USS Truman, 1945.
Note3: There will never, ever be frienship between China, Korea, and Taiwan regarding the war crimes committed by the Jap's... since the early 20th century towards Japan's atrocities! Period!!!
Ref: Quotes pgs. 72-5 "Civil War in China : The Political Struggle, 1945-49 by Suzanne Pepper
jmo
,and a little background on where we were and where were going...?'
"Note3: There will never, ever be frienship between China, Korea, and Taiwan regarding the war crimes committed by the Jap's... since the early 20th century towards Japan's atrocities! Period!!!"
When we have a POTUS praising Japan for militarizing and assuming a larger role in Asia with absolute American support, it reflects our own memory loss. We have forgotten Pearl Harbor and atrocities where American POWs were inhumanely treated by this same "ally" during the Bataan Death March.
Then there's the Death Railway in Thailand built by British and Australian POWs, immortalised in the film "Bridge over the River Kwai". The Japanese Imperial army was exceptional in its barbaric treatment of POWs as well as the civilian populations of the asian countries they had invaded.
And NOW, they are the US's best ally in Asia ? President Obama must have surprised a lot of people when he didn't make an apology to Fukushima Abe for the US having the audacity to fight back after Pearl Harbor./sarc
Sure, because the British, Soviets and Americans didn't commit any atrocities. We were the "good" guys. Get your head out of your ass. The Allies perpetrated more atrocities than Germany and Japan together. We forced Japan's hand at Pearl Harbor, which was a set up- there is a reason we sailed most of important ships out just before the attack.
Winners write history. You need to dig deep to find the other side of the story. Start digging.
I've got another headline for this week
S&P bursts past 1900; shorts get blown the fuck out.
The higher it goes...
THE FUCKING FASTER THIS TRAIN WRECK OF BITCH RIGGED MARKET WILL GO DOWN LIKE A MOTHERFUCKER....
Make the Yuan the reserve and the Ruble the back up.
What the fuck could go wrong when the US hands over, for no reason, reserve status to a bunch of communists.
Maybe Cuba and N.Korea can sit on the reserve committee too - commies like their committees.
WE already have a bunch of commies running the country ie: the 0bamao regime.
The headline is very deceiving if this is what ZH is referring to from Bloomberg "Prasad says Yuan on the way to becoming reserve currency" Yet, if you watch the short video, he never says that. If fact he says the opposite.
http://www.bloomberg.com/video/yuan-on-way-to-become-reserve-currency-pr...