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Score 1 For Japan As Chinese Protest At US Embassy In Beijing

Tyler Durden's picture





 

Between the anti-Japanese tensions and the converging dominance of the Japanese with the Chinese to our fiscal status quo, it seems the Chinese are increasingly pushing the US hand to supporting the Japanese. Via Ai Weiwei, contemporary Chinese artist, the US Embassy in Beijing is under protest by the Chinese marchers demanding (Google Translated) "Pay Back The Money" and "Down with US Imperialism". Some embassy cars were attacked - apparently on the back of the US role in the China-Japan tensions. The question now is what happens to China's Treasury holdings? They already threatened Japan with economic sanctions and now the populist view is turning anti-American at a time of new leadership. We assume they will continue to sell down their USD-based Treasury holdings and convert to Gold as they have been for the past year. With 2 months until the election, this will be an interesting distraction of global importance as the US is forced to support Japan or throw them under the bus.

 

Image : Ai Weiwei's Instagram

 


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Tue, 09/18/2012 - 11:54 | Link to Comment john39
john39's picture

The U.S., largely behind the scenes, has been antagonizing China over this issue for some time...   Probably pushing the Japanese to turn this into yet another crisis.... the bankers want a war... a major war on all fronts to hide their crimes.  one way or another, they will get it...  destroying the U.S. economy is part of the plan.

Tue, 09/18/2012 - 12:05 | Link to Comment SeverinSlade
SeverinSlade's picture

One thing that people may be missing...If anti-American sentiment is increasing in China over THIS (the US supporting Japan over China) what will happen if the US launches another preemptive, undeclared war on Syria/Iran (both Chinese allies and interests)?  The Chinese are unlikely to buy US debt that funds a war that is contrary to China's interests...Could this new war offically signal the end of the dollar and bring the death of this ponzi scheme?  Seems highly plausible to me.

Tue, 09/18/2012 - 12:08 | Link to Comment Life of Illusion
Life of Illusion's picture

 

 

Is that a Toyota truck under embassy awning?

Tue, 09/18/2012 - 12:10 | Link to Comment NotApplicable
NotApplicable's picture

Lemme guess, they watched that movie too?

Tue, 09/18/2012 - 12:32 | Link to Comment JPM Hater001
JPM Hater001's picture

""Pay Back The Money" and "Down with US Imperialism"."

So this is how it ends.

Hmm, I might have to noodle that one for a while.  I really didnt see this coming.  At least not while we continued the facade of solvency anyway.

Do you think they'll take a bridge?  I have one for sale in Brooklyn.

Tue, 09/18/2012 - 13:31 | Link to Comment SWRichmond
SWRichmond's picture

All we need now, after things heat up just a bit more, and when everyone is very distracted and after the US begins to respond militarily and has thoroughly exacerbated their already badly-overstretched condition, is for the Russians to roll once again into Georgia and occupy the rest of the Caucasus.

Look at it on a map of oil routes, and reserves; be sure to include the Caspian.  Have a look at the pipelines that make landfall at Baku.  Azerbaijan borders on...you guessed it...Iran.

Count on it.

http://chyzmyz.files.wordpress.com/2010/01/map-caspian-sea-oil-and-gas-2...

Tue, 09/18/2012 - 14:01 | Link to Comment Popo
Popo's picture

Here's the rub for China though:   it actually takes a long time to acquire gold in the amounts that they acquire it in.

Marking their Treasury holdings to zero ("unredeemable") takes one click.

Whatever made them think Treasuries were safe? 

Tue, 09/18/2012 - 14:23 | Link to Comment N. B. Forrest
N. B. Forrest's picture

Yes, and in the mean time the Bernank can buy up all those treasuries. 

 

However, if China dumps all their treasuries they will crash the market and cause their treasuries to be worthless.  They are stuck in a jail of their own making.

Tue, 09/18/2012 - 23:40 | Link to Comment Money Squid
Money Squid's picture

"However, if China dumps all their treasuries they will crash the market and cause their treasuries to be worthless.  They are stuck in a jail of their own making."

 

Nash Equilibrium?

Tue, 09/18/2012 - 17:06 | Link to Comment JR
JR's picture

It seems that “when everyone is very distracted,” you’ve used false information to target the wrong instigators and the criminal trouble makers in Georgia. It was the Georgian president who aggressively rolled into Tskhinvali, capital of tiny South Ossetia, as an occupier and contrary to what you say, it was Putin who came to the rescue.

The international financiers who want expansion of an American Empire to feed their interests want Georgia as a NATO member, as an outpost against Russian interests, and as a base nearby for Israeli jets attacking Iran.

In August 2008, as the world's leaders gathered in Beijing for the Olympic games, it was Georgian President Mikheil Saakashvili,” hot-headed and erratic,” who made the first move, fighting over Takhinvali. As Pat Buchanan wrote at the time.

“McCain foreign policy adviser Randy Scheunemann had been paid $290,000 by the Saakashvili regime, from January 2007 to March 2008, to get Georgia into NATO, and thus acquire a priceless U.S. war guarantee to fight on Georgia's side in any clash with Russia.”
Continues Buchanan: “It began with a stunning artillery barrage on Tskhinvali, capital of tiny South Ossetia, a province that had broken free of Tbilisi when Tbilisi broke free of Russia. As Ossetians and Russian peacekeepers fell under the Georgian guns, terrified Ossetians fled into Russia.

“Saakashvili's blitzkrieg appeared to have triumphed.

“Until, that is, Russian armor, on Vladimir Putin's orders, came thundering down the Roki Tunnel into Ossetia, sending Saakashvili's army reeling. The Georgians were driven out of Ossetia and expelled from a second province that had broken free of Tbilisi: Abkhazia.

“The Russians then proceeded to bomb Tbilisi, capture Gori, birthplace of Joseph Stalin, and bomb Georgian airfields rumored to be the forward bases for the Israelis in any pre-emptive strike on Iran.”

Said Buchanan:” What made this war of interest to Americans, however, was that Bush had long sought to bring Georgia into NATO. Only the resistance of Old Europe had prevented it.

“And had Georgia been a member of NATO when Saakashvili began his war, U.S. Marines and Special Forces might have been on the way to the Caucasus to confront Russian troops in a part of the world where there is no vital U.S. interest and never has been any U.S. strategic interest whatsoever.”

http://lewrockwell.com/buchanan/buchanan199.html 

 

Tue, 09/18/2012 - 14:27 | Link to Comment walküre
walküre's picture

They probably watched "Flowers of War". I would be pissed too.

Tue, 09/18/2012 - 12:28 | Link to Comment quintago
quintago's picture

It's a Toyotay-ah. Chinese knockoff. 

Tue, 09/18/2012 - 14:36 | Link to Comment Whiner
Whiner's picture

It Wuz when photo taken.

Tue, 09/18/2012 - 12:08 | Link to Comment YuropeanImbecille
YuropeanImbecille's picture

http://www.youtube.com/watch?v=d8G74VTpxas

 

In the modern world, great leaders resolve their conflicts with words.

 

Words like:

 

"Scud launcher"

"carpet bombing"

"tomahawk missiles"

Tue, 09/18/2012 - 12:14 | Link to Comment cougar_w
cougar_w's picture

In the case of hostilities The Fed will openly buy US debt as a patriotic duty, adding $5T to their balance sheet in a year. Most of Europe will pitch in too.

China will not cover for Iran. They are going to throw Iran under the bus as a strategic loss -- if they can secure claims over the South China Sea in exchange.

The losers here will be Japanese claims. And The Fed will inflate away the $5T over 50 years.

Tue, 09/18/2012 - 12:22 | Link to Comment ShrNfr
ShrNfr's picture

My question is how are they going to deal with the $220T? http://www.bloomberg.com/news/2012-08-08/blink-u-s-debt-just-grew-by-11-...

Tue, 09/18/2012 - 12:29 | Link to Comment Frozen IcQb
Frozen IcQb's picture

China throwing Iran under a bus will not happen as it is a strategic oil supplier and would alienate all Muslim (current and future trade partner) countries in South-East Asia, Middle East  and Africa

 

Tue, 09/18/2012 - 12:45 | Link to Comment cougar_w
cougar_w's picture

Global Islam can be discounted as a focused threat. The Chinese can work with Islamic leadership (via the liberal application of bribes and threats) to establish totalitarian Islamic states in the strategic areas of Islamic Asia they want to control. Which notice is exactly what the US does in its own hemisphere. Once those client states are established and well-armed, distracting the Islamic world with ongoing but minor factional terrorism will be child's play. China can then do as it likes in the Islamic world.

The situation in Iran is played out. Israel will not tolerate a nuclear state in Iran, period. Iran is entrenched and as a result likely doomed. The US will play along as we have other strategic interests in the region. Further, Iranian oil is a long way from China and easily disrupted, unless China wants to construct a huge oil pipeline through opportunistic Russia. China will jawbone about Iran, but only enough to give them a negotiating position v-s the South China Sea and Japan, which are closer to home.

I fear a blood-bath looms in Iran. China pretending to care about that part of the world has made them bold and now they will not set this nuclear business aside. When reality wakes up those people are not going to know what hit them.

Tue, 09/18/2012 - 12:28 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

Japan is Uncle Sam's lap dog ...has been since WWII the radio show talk host expert on Asian affairs indicated yesterday.  However, I'm surprised Japan's leaders would throw their people under the bus like this --- even higher unemployment and depressing on top of the Fuki radiation massive deficits...plunging revenues.....

As you say, Cougar, the big losers will be the Japanese.

Tue, 09/18/2012 - 12:56 | Link to Comment cougar_w
cougar_w's picture

I've been thinking for a few years now that Japan may be headed back toward a Feudal Shogunate over the next 30-50 years. If they end up in conflict with China, enough to cut off their access to oil (say, if China can convince the Islamic oil producers to boycott Japan) then a Japanese collapse could follow quickly.

Of course, they would only be early adopters; the West has its own history to revisit over a similar period of time.

Tue, 09/18/2012 - 14:34 | Link to Comment N. B. Forrest
N. B. Forrest's picture

But given the demographic suicide that both nations are in the process of committing, do you actually thing there will be a hot war?  What Chinese parents and grandparents are going to be interested in sending their only son or grandson off to war? 

 

And the Japanese are so stinkin' old, half the soldiers they could muster up would be pushing senior status. 

 

I can see a few missiles being launched, and a few ships being sunk, but I just cant imagine these two countries amassing huge armies of soldiers. 

Tue, 09/18/2012 - 15:36 | Link to Comment cougar_w
cougar_w's picture

China could recruit N. Korea to start shelling S. Korea fishing boats and shooting missles into the sea near Japan, and psychological war would be on like Donkey Kong.

That would be damned hot, in most diplomat's play books.

Tue, 09/18/2012 - 16:55 | Link to Comment Antifaschistische
Antifaschistische's picture

....over 50 years!!! that sounds very nice and relatively painless, but I do not believe taking the 50 year 'inflation payment plan' will be an option.  Economies have their way of forcing things to happen very quickly once the avalanche begins.

Tue, 09/18/2012 - 13:05 | Link to Comment Urban Redneck
Urban Redneck's picture

The FED has done quite an effective job of plugging the holes caused by the Chinese moving their F/X reserves away from the dollar.

How many YEARS have Chinese Treausry holdings been FLAT?

What have the TOTAL F/X Reserves of China done during this period?

During the  X years that China basically hasn't bought any additional US Treasuries, what has the annual US deficit been over X years?

What have interest rates on US Treasuries done over the last X years?

Where has all the money come since it obviously isn"t China?

If China were to dump 100% of it UST holdings, how many WEEKS of US debt service would that equate to?

If China were to dump 100% of it UST holdings, how many WEEKS of US debt new issuance would that equate to?

<CTRL>-P

 

 

 

Tue, 09/18/2012 - 13:48 | Link to Comment sushi
sushi's picture

My reading of Dr Bernanke's recent move is this sequence (probably already agreed with the banks):

1) Fed buys up bank holdings of MBS

2) Banks use proceeds to buy US debt. This cleans up the bank balance sheets and transfers bad assets to the Fed

3) The banks replace Chinese purchases of US debt.

I suspect Dr B has made this move more to provide a means to replace the Chinese demand for US debt as opposed to goosing equities or any other percieved outcome.

Dropping demand in OECD countries removes demand for Chinese goods and therefore Chinese have no foreign cash to make US debt purchases.

Also, suspect that Japan, with an aging populace, will soon need to divest itself of US debt to support its old age pensioners. This is doubly true given the conflict with China which will impact Japanese export firms production facilities and hit Japanese tax receipts.

 

Tue, 09/18/2012 - 14:21 | Link to Comment walküre
walküre's picture

1) Fed buys up bank holdings of MBS

2) Banks use proceeds to buy US debt

Was thinking the same. But Fed pays back all or part of the interest the Fed earns on UST to the treasury.

If your friends at BAC, GS, JPM, MS, WFC and so on get to convert their toxic MBS into fresh UST, will they pay the treasury too?

Potentially 0.25% on 40 billion is $100 million per month in bank revenues.

Is the plan for US citizens who got fucked by the banks now end up slaving for the banks anyway?

Some serious DD and investigation is required who gets $40 billion per month and what they plan on doing with it.

Tue, 09/18/2012 - 13:12 | Link to Comment smlbizman
smlbizman's picture

i would assume sever that "ah bennyson" will continue to buy all we have....

Tue, 09/18/2012 - 15:58 | Link to Comment zerozulu
zerozulu's picture

To me it looks otherwise. Some countries are trying to pull USA in to war. This way US$ will die all by itself. USA sacrificed her ambassador but other side pulled the movie card.

Tue, 09/18/2012 - 12:10 | Link to Comment aint no fortuna...
Tue, 09/18/2012 - 12:17 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

xi is right there between x and xii

Tue, 09/18/2012 - 12:49 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Have you checked Rumsfeld's Montana ranch?  I wouldn't be surprised if you found Saddam there too.

Tue, 09/18/2012 - 12:12 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Lest folks forget what's going on, let's keep in mind what those islands are about:  *** OIL ***

Oil drives this.  Oil driving this should put to bed all the talk of how there is such plenty.  You don't drill in miles of ocean and down more miles from the seafloor if you have "plenty".  If you have plenty, you go get it from Oklahoma.

There is not "plenty".  There is scarcity.  And war is the result.

Japanese schoolchildren are taught from a young age that FDR embargoed oil (the US was the Saudi Arabia of that era, a huge oil exporter) from Japan in August 1941 (because of Japan's war on China).  Japan, because of its millions of years of earthquakes thatcracked all the caprocks that can trap oil, has no oil.  They needed to secure a supply from Indonesia and to do that they bombed the US fleet in Pearl Harbor, which might have interdicted that supply.

War resulted and eventually they became the only country on earth to be nuked (twice) in warfare.  In this overall context, they are taught that they were nuked because they have no oil.

Now, finally, they have found oil on their territory under the Senkaku Islands.  The passion they have for this issue is being hugely underestimated by the world media.  They are NOT going to let oil be what they view as being "stolen" from them.  They FINALLY have oil.  Its lack got them nuked.  They won't tolerate this and the media doesn't understand.

Tue, 09/18/2012 - 12:51 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

These comments are true.  So since oil is so important then how will we trade for it?

Gold and silver bitchez.

Tue, 09/18/2012 - 13:05 | Link to Comment Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Agreed. However, unlike previously, Japan (as far as we know) has no beefy navy. Perhaps this is the way both China and Japan will deal with their high youth unemployment situations (how grim). Possession is 9/10ths of the law. If China can get a mass of humanity to swarm the islands, will Japan carpet bomb them out? How high will the stakes be raised at that point? And worth noting that this is getting zero play in the major US media, lord they are worthless.

I reckon to really find the Who behind this conflict, we'd have to know who [behind the scenes] ordered the purchase of these islands, and who would benefit from a conflict btwn China and Japan as a result. Does the US plan on making up a trade deficit by selling arms to both sides?

Tue, 09/18/2012 - 14:27 | Link to Comment Quantum Nucleonics
Quantum Nucleonics's picture

"Japan has no beefy navy."

Bzzzzz, wrong.  Japan actually has one of the world's most formidable navies.  It thas the less threatening title, "Japanese Martime Self-Defense Force."

Though they don't have as many ships as China, those they possess are among the most sophisticated in the world.  As a top US ally, Japan has access to normally non-exportable US defense technologies, such as the AEGIS radar system.  They operate the most advanced non-nuclear attack submarine force in the world.

It should also be noted that the US-Japan defense treaty, written by Douglas MacArthur, makes an attack on Japan a declaration of war on the US.  The US maintains a sizable naval presence in Japan, including having an aircraft carrier permanently based there.

Tue, 09/18/2012 - 15:37 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Any war breaking out between the two won't be a carpet bombing war.

It will be a tanker sinking war.  Both countries are reliant on imported oil, via tanker.

After a handful get sunk, no more will leave port because no insurance company will insure them.  That war won't last long because modern war requires oil and both will be cut off.

The only caveat on that would be Chinese use of nuclear weapons on Japanese naval facilities, the missiles carrying them requiring no oil.  That would drag in the US, of course.

Tue, 09/18/2012 - 12:36 | Link to Comment JPM Hater001
JPM Hater001's picture

From Wiki-Leaks Huntsman report: "

“b. "The United States no longer sits still; it frequently uses evil tricks to force China to buy U.S. bonds"

    The Shanghai-based Shanghai Media Group (SMG) publication, China Business News (Diyi Caijing)(02/08)(pg A7): "This time the quick change of the U.S. policy (toward China) has surprised quite a few people…The U.S. has almost used all deterring means, besides military means, against China…A crucial move for the U.S. is to shift its crisis to other countries - by coercing China to buy U.S. treasury bonds with foreign exchange reserves and doing everything possible to prevent China's foreign reserve from buying gold.

   

If we [China] use all of our foreign exchange reserves to buy U.S. Treasury bonds, then when someday the U.S. Federal Reserve suddenly announces that the original ten old U.S. dollars are now worth only one new U.S. dollar, and the new U.S. dollar is pegged to the gold - we will be dumbfounded.”

Tue, 09/18/2012 - 12:40 | Link to Comment killallthefiat
killallthefiat's picture

I go chop your dollar

Tue, 09/18/2012 - 12:45 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

seems if soros or b gates or that fat old man buffet should just buy the islands and pay tax back to japan and china each year.  problem solved, everyone saves face, and the billionairs look like they are good guys avoiding conflict.

Tue, 09/18/2012 - 20:04 | Link to Comment Buck Johnson
Buck Johnson's picture

By getting into a tiff/war with China, it takes us off the hook for the debt (Unless China wins the war).

Tue, 09/18/2012 - 11:54 | Link to Comment It is a bargin ...
It is a bargin my friend's picture

Seeing as we can take for granted the fact that nobody protests in China without the Party saying they can, what is the desired outcome they seek?

Tue, 09/18/2012 - 11:58 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

How does one say, "It's a distraction," in Mandarin?

Tue, 09/18/2012 - 12:01 | Link to Comment dracos_ghost
dracos_ghost's picture

Kim Kardashian

Tue, 09/18/2012 - 12:16 | Link to Comment krispkritter
krispkritter's picture

Also known as 'Ho Chi Kim'...

Tue, 09/18/2012 - 14:52 | Link to Comment A Nanny Moose
A Nanny Moose's picture

and her oily beau hunk....Hung Lo

Tue, 09/18/2012 - 12:04 | Link to Comment fuu
fuu's picture

Zhè shì yigè fen xin.

Tue, 09/18/2012 - 12:15 | Link to Comment Loose Caboose
Loose Caboose's picture
Gesundheit!
Tue, 09/18/2012 - 13:29 | Link to Comment stewie
stewie's picture

LOL

Tue, 09/18/2012 - 12:08 | Link to Comment pods
pods's picture

Has anyone heard from AnAnonymous today?

pods

Tue, 09/18/2012 - 12:14 | Link to Comment krispkritter
krispkritter's picture

They're re-dirting his road today...he's rather backed up and waiting his turn to squat...

Tue, 09/18/2012 - 12:42 | Link to Comment PiratePawpaw
PiratePawpaw's picture

LMAO!

Tue, 09/18/2012 - 13:24 | Link to Comment akak
akak's picture

Chinese Citizenism roadside squatting nature is eternal.

 

In Chinese Citizenism, the open roadside sphincter is the king (cl)ass.

Tue, 09/18/2012 - 14:04 | Link to Comment TIMBEEER
TIMBEEER's picture

Last time I heard of him he was on a fishing boat on his way to the disputed islands, desparately trying to burn the American and Japanese flags in the heavy wind and rain, proudly chanting "Death to Americans!"

Tue, 09/18/2012 - 15:12 | Link to Comment LMAOLORI
LMAOLORI's picture

 

 

 

Zhànzheng

 

Chinese General: Prepare for Combat

 

 

Tue, 09/18/2012 - 12:05 | Link to Comment YuropeanImbecille
YuropeanImbecille's picture

Let the games begin!

 

this is how brave the japanese pussies of today are:

http://www.youtube.com/watch?v=lHjvoHgQSvA

Tue, 09/18/2012 - 14:32 | Link to Comment walküre
walküre's picture

Two words:

HELLO KITTY

Tue, 09/18/2012 - 12:20 | Link to Comment Zero Debt
Zero Debt's picture

In the end, the ultimate desired outcome is the same as with any other actions, or lack of actions, from the CCP: to maintain control.

More cities are reporting house price fall, exports are being hit, the ant tribe is being left behind, multiple leadership scandals notably Bo Xilai are undermining the foundations of the CCP legitimacy: their revolutionary background, the country's economic success, and opportunities available. Once property prices falls, the inevitable credit bust will expose the malinvestment and disrupt economic development, so it is both an internal and external issue on the economic front. China will have big problems with QE3 because if they keep pegging the RMB while the Fed does QE, inflation will rise significantly within China leading to further loss of CCP legitimacy.

Thus, the leadership is rightly worried and following its primary ambition to maintain political stability and control, they make the following calculation.

The group that is most likely to be upset is the younger generation, who had no opportunity to speculate in real estate and is living in increasingly worse conditions: higher cost of living, lower salaries and less opportunities. The older generation is either not educated enough to understand, or has an economic stake in the current system. The younger generation on the other hand, as a whole, has nothing left to lose by protesting. One can always notice that it is the yonger people who are out protesting. In the Mainland Chinese education system, students are given a thorough emotionally loaded message on the events in Nanking. This allows the leadership to, at any given moment, press the right emotional buttons to evoke a highly loaded emotional response, in a way akin to the use of terrorism FUD in the US and Europe.

A carefully maintained invisible line then serves to direct the pent up anger into the public arena and make it seen and heard.

In the end, this will act as a steam vent in society, but the leadership is painfully aware that at best it can serve as a postponement method and will not achieve long lasting results.

One should expect that preparations are swiftly being made with utmost discretion for blocking and fading out the protests, should they get out of hand and turn to non-sanctioned topics.

Tue, 09/18/2012 - 14:34 | Link to Comment walküre
walküre's picture

China's rule is OLD SCHOOL leadership.

WAR is their answer to economic problems and they don't make any quoroms about it.

American leadership is of course on the same path but the diplomacy is more canning.

In the end, history will tell of Chinese aggression due to economic problems and American defense and "liberation" in response.

Winner writes history.

Tue, 09/18/2012 - 12:24 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Given that Chinese domestic oil output is falling, obviously the desired outcome for the Chinese is they get the oil under the Senkaku Islands.

Tue, 09/18/2012 - 12:36 | Link to Comment BattlegroundEur...
BattlegroundEurope2011's picture

If you followed world news more closely you would have seen the riots by the plebs against gov corruption and land grabs by local communist party officials.  I bet we only see a fraction of the anti gov protests that happen.  IMO these current protests are not totally CCP aproved since the CCP has always wanted a "harmonious society".  The CCP must look to be in control at all times.

At the end of the day the People of China are just as Nationalistic as Americans irrespective of who is in power.

Tue, 09/18/2012 - 11:56 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Yamashita's Revenge, bitchez!

Tue, 09/18/2012 - 12:54 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Why would he need revenge?

Tue, 09/18/2012 - 13:12 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

good point ... uhhh farse frag, bitchez!

Tue, 09/18/2012 - 14:35 | Link to Comment walküre
walküre's picture

Montezuma got his

Tue, 09/18/2012 - 11:56 | Link to Comment CrimsonAvenger
CrimsonAvenger's picture

Holy crap, look at the size of that crowd!

Tue, 09/18/2012 - 11:58 | Link to Comment dugorama
dugorama's picture

a populist uprising like that really shivers me timbers (tomorrow is "talk like a pirate day")

Tue, 09/18/2012 - 11:59 | Link to Comment Sofa King
Sofa King's picture

I've seen bigger Flash Mobs in Grand Central...

Tue, 09/18/2012 - 12:10 | Link to Comment CPL
CPL's picture

Those ones just dance then leave promptly after the show. These ones want blood. Execution is similar, intent is very different.

Tue, 09/18/2012 - 12:11 | Link to Comment tmosley
tmosley's picture

I've seen bigger crowds at taco stands.

Tue, 09/18/2012 - 12:13 | Link to Comment fuu
Tue, 09/18/2012 - 13:33 | Link to Comment CheapBastard
CheapBastard's picture

hey, fuu, it's healthier to work out while you're listening to the music:

 

http://www.youtube.com/watch?v=P7EjaFFEFVc

Tue, 09/18/2012 - 13:45 | Link to Comment fuu
fuu's picture

Fair enough.

<pushes it>

Tue, 09/18/2012 - 12:06 | Link to Comment Stuck on Zero
Stuck on Zero's picture

That's no protest.  Those are Chinese Government officals waiting around for their visas.

 

 

Tue, 09/18/2012 - 12:20 | Link to Comment Loose Caboose
Loose Caboose's picture

We had more people than that at the dinner table every night when I was a kid.

Tue, 09/18/2012 - 12:24 | Link to Comment spankfish
spankfish's picture

Day workers.

Tue, 09/18/2012 - 11:57 | Link to Comment Manthong
Manthong's picture

Doesn't look like much of a protest.. yet.

Subtle message?

That stuff does not happen if the state does not want it to.

Tue, 09/18/2012 - 11:57 | Link to Comment not fat not stupid
not fat not stupid's picture

The Chinese people have a "populist" view..or any view for that matter? What are you smoking?

Tue, 09/18/2012 - 12:00 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Exactly, the people will be told exactly what to do or think.

Tue, 09/18/2012 - 12:08 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Here is a photo from another Chinese protest...

It is hard for me to read the crowd, cultural differences and such. 

What do ewe think?

Tue, 09/18/2012 - 12:10 | Link to Comment Chump
Chump's picture

Look at all those AnAnonymi!

Tue, 09/18/2012 - 12:35 | Link to Comment Manthong
Manthong's picture

That looked like a Chicago teachers union protest there for a moment..

But the ones in the picture were too skinny.

Tue, 09/18/2012 - 17:48 | Link to Comment akak
akak's picture

Whose group-thinking mentality is eternaaa-aaa-aaal.

 

PS: Is it just me, or do they not all look the same?

Tue, 09/18/2012 - 12:11 | Link to Comment pods
pods's picture

I think there are a couple of purty ones in there.

pods

Tue, 09/18/2012 - 12:15 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Are those shearing scissors in your pocket or are you just (extremely) glad to see me? :)

Tue, 09/18/2012 - 13:44 | Link to Comment Metalredneck
Metalredneck's picture

Not another Baaah-sexual...

Tue, 09/18/2012 - 12:12 | Link to Comment krispkritter
krispkritter's picture

I thought that protest was in Islamabaaaaaad...

Tue, 09/18/2012 - 12:14 | Link to Comment john39
john39's picture

you guys would be surprised... Chinese youth have been programmed to be very nationalistic... and the hatred of Japan from WWII is still very strong as the Japanese resisted even apologizing for some pretty horrendous conduct in China.   Chinese government has been using this as propaganda for years...  all it will take is one spark and these protests will explode.

Tue, 09/18/2012 - 14:25 | Link to Comment walküre
walküre's picture

Japanese men craving everything "virgin" might be part of the cultural fuck-up. You have to wonder how they made it this far.

Tue, 09/18/2012 - 12:16 | Link to Comment fuu
fuu's picture

They all look alike to me.

Tue, 09/18/2012 - 12:21 | Link to Comment malikai
malikai's picture

Do they do tours?

I could have sworn I saw them in NY, Chicago, SF, Montreal, London, Cairo, and Islamabad..

Tue, 09/18/2012 - 12:24 | Link to Comment Loose Caboose
Loose Caboose's picture

Woolly little voters on their way to the polls.  Raaaaahmney!  No. Obaaaahma!

Must be cold, they're wearing sweaters.

Tue, 09/18/2012 - 17:47 | Link to Comment JuliaS
JuliaS's picture

Someone beat me to Obaaahma comment. I yield.

Tue, 09/18/2012 - 11:58 | Link to Comment Jack Burton
Jack Burton's picture

It is my undestanding that Putin in Russia is adding to their gold holdings every month by a substantial amount.

Clearly the USD on green printed paper is not something real economies care to keep holding. It must dawn on them that in a crisis, the USA would simply devalue those dollars China is awash in and blow away a trillion in hard earned wealth creation.

China is waking up, they haven't failed to notice the US Navy is sending the bulk of it's forces to the Western Pacific to bases where they can operate with ease against China.

Tue, 09/18/2012 - 12:12 | Link to Comment Gully Foyle
Gully Foyle's picture

Jack Burton

http://www.forbes.com/sites/timworstall/2012/09/18/is-the-diamond-market...

http://www.dailymail.co.uk/news/article-2204566/Russia-diamonds-Source-S...

 

'We are speaking about trillions of carats': Russia reveals vast diamond source under 62-MILE-WIDE asteroid crater which could supply world markets for next 3,000 years
  • Supply under 35million-year-old impact zone is ten times bigger than global reserves
  • Kremlin discovered the site in the 1970s but kept it a secret until now to exploit tightly controlled market
  • Diamonds at Popigai Astroblem in Siberia are 'twice as hard' as normal, making them ideal for high-precision scientific instruments and industry
Tue, 09/18/2012 - 12:35 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

"Why not diamonds?" - Ron Paul to Ben Bernanke on the importance of gold bullion in central banking.

Tue, 09/18/2012 - 13:09 | Link to Comment Nikao7
Nikao7's picture

Because Gold is simply tradition...hehe

Tue, 09/18/2012 - 13:18 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Right.  Paul pulled no punches.  Bernanke coughed up blood along with that "tradition" response. 

Tue, 09/18/2012 - 12:39 | Link to Comment pods
pods's picture

Diamonds have always been a scam.  Cecil Rhodes just played the cartel (and advertising) game quite well.

pods

Tue, 09/18/2012 - 13:10 | Link to Comment Urban Redneck
Urban Redneck's picture

So did the Communists (and their successors) apparently...

Tue, 09/18/2012 - 13:23 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Hard not to snicker at engagement rings that are more stone than metal these days.

Tue, 09/18/2012 - 13:20 | Link to Comment Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

I've thought of a radical strategy for the Chinese. Let's say, worst case scenario, they do want to dump all of that UST debt. But not so easy to dump in America w/o totally losing value. But, doing something like taking $1T of that and going around and paying off other favored countries' debt (to IMF, America, whoever) with those USTs. Yeah, you're spending a hell of a lot, but at least you're buying friends, rather than simply crashing all of your UST 'wealth'. There's a perverse joy in releasing countries from the hooks of the IMF...

and you'd get the benefit of exchanging real goods & services with a country that just loooooves ya

Tue, 09/18/2012 - 11:58 | Link to Comment infiniti
infiniti's picture

For the love of god, enough with the "OMG China is going to sell Treasuries and blow up the market" rhetoric. It's even worse than Grexit and Euro breakup - NOT HAPPENING.

Tue, 09/18/2012 - 11:59 | Link to Comment Jack Burton
Jack Burton's picture

Well they can't sell big time or they blow up an export market. As for the long term? Why not try and get out of their treasury position.

Tue, 09/18/2012 - 12:11 | Link to Comment trebuchet
trebuchet's picture

Chines  got a high % of foregin reserves, stuffed to the gills with gold, bilateral non-$ exchange agreements with main importers, strategic overseas investments of state companies (control over physical delivery) rare earths market locked up ( no more electronics for anyone) 

Japan/EU/US manufacturing on their soil.

 

They got oversupply, unemployment rising and LOTS of empty infrastructure going to waste.

 

Now who is in the driving seat here? US that says " go away mr biggest US creditor" or the Creditor?

 

Tue, 09/18/2012 - 12:24 | Link to Comment KickIce
KickIce's picture

Disagree, if China has a hard landing they'll do everything in their power to take the west with them.  They've already expressed interest in holding the reserve currency, what better way then to sell US debt?

Tue, 09/18/2012 - 12:33 | Link to Comment infiniti
infiniti's picture

Does this look like a reserve currency to you? It looks like print-mania to me.

http://research.stlouisfed.org/fred2/series/MYAGM2CNM189N

Tue, 09/18/2012 - 13:01 | Link to Comment KickIce
KickIce's picture

I wouldn't disagree, but nations are starting to despise Ben - not the Chinese.  How long before the demand for something new?  One thing for sure it will be interesting to see how this game of chicken plays out.

Tue, 09/18/2012 - 13:55 | Link to Comment Getting Old Sucks
Getting Old Sucks's picture

Agree. The only asshole buying is Bernanke but he has to buy from the UST so who they gonna sell that worthless paper to?

Tue, 09/18/2012 - 11:58 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

You heeya fo hours!  You go home now!!  No mo buffet for you!  You be heeya fo hours!

Tue, 09/18/2012 - 12:16 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Look..................over there!   -------------------->

No....wait......look over here.  <--------------------

< I've got you all tied up in knots -----> <----- my little pretty.>

Tue, 09/18/2012 - 11:59 | Link to Comment Quantum Nucleonics
Quantum Nucleonics's picture

Someone might want to get a copy of the US-Japan defense treaty to the Chinese leadership.  The one written by Douglas MacArthur.  The one that says any attack on Japan is a declaration of war on the United States.

What would the US's debt to GDP look like if we told the Chinese to pound sand?

Tue, 09/18/2012 - 12:18 | Link to Comment trebuchet
trebuchet's picture

ASEAN 2002 treaty also, says that countries in region agree to non-aggresive methods to resolve disputes, no-one can increase habitation of disputed lands, and so on... each help the other if their populations in distress disputed territroies despite the dispute (very civilised) 

 

bring on the talking... and watch the sanctions bite. 

 

For 1% drop in EU Expenditures, US GDP estimated to drop by -0.48% 

http://research.stlouisfed.org/publications/es/article/9426

For 1% drop in China & Japan expenditures (trade war)  - round that up to 1%? At least?

am still looking for estimates....

Tue, 09/18/2012 - 11:59 | Link to Comment Habyarimana
Habyarimana's picture

The Chinese are doing what the Americans are using to do namely exporting their problems and by the way the chinese are not forgotten what the Japs did to them during WOII

 

Tue, 09/18/2012 - 12:07 | Link to Comment trebuchet
trebuchet's picture

and that the Americans let them get away with it (No war crimes punished for Japan in Machuria, mind you japan apologised lots of time)  and supported their territorial claims  (US anti-commie buffer zone building legacy) 

Tue, 09/18/2012 - 12:00 | Link to Comment fuu
fuu's picture

Less than 100 people in that photo and some appear to be authority figures.

Tue, 09/18/2012 - 12:04 | Link to Comment trebuchet
trebuchet's picture

yeha, go home, nothing to worry about here... /sarc

Tue, 09/18/2012 - 12:08 | Link to Comment Stuck on Zero
Stuck on Zero's picture

You are mistaken.  Official Chinese Government authorities place the size of the crowd in excess of a hundred thousand.

 

Tue, 09/18/2012 - 12:26 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

And one white- shirted dance troupe.

Tue, 09/18/2012 - 12:03 | Link to Comment Capitalist
Capitalist's picture

Krugman says Japan-China tensions "could be bigger"

Tue, 09/18/2012 - 12:03 | Link to Comment trebuchet
trebuchet's picture

not good..... inevitable though

Tue, 09/18/2012 - 12:10 | Link to Comment ClassicalLib17
ClassicalLib17's picture

I thought I read an article on ZH awhile back that said the chinese owe the U.S. 750 billion in bonds they never paid back?

Tue, 09/18/2012 - 12:05 | Link to Comment saints51
saints51's picture

party on mother fuckers!!!!

muwahahahahahahahahahahahaha!!!!!!!!!!!

Tue, 09/18/2012 - 12:06 | Link to Comment not fat not stupid
not fat not stupid's picture

Taiwan was a bigger problem. Don't hear much about that anymore, do you?

Tue, 09/18/2012 - 12:33 | Link to Comment Nadaclue
Nadaclue's picture

The Borg is in the process of assimilation of Taiwan.

Slow Ride, take it easy style.

Tue, 09/18/2012 - 12:38 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

Taiwan has sent several ship to the area in support of the Chinese claims I read.

http://www.channelnewsasia.com/stories/afp_asiapacific/view/1225794/1/.html

 

Tue, 09/18/2012 - 12:08 | Link to Comment Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Does the US have US embassies in the US?

Tue, 09/18/2012 - 12:15 | Link to Comment howenlink
howenlink's picture

I think there's one in San Francisco.

Tue, 09/18/2012 - 12:08 | Link to Comment gwar5
gwar5's picture

US will throw Japan under the bus.

 

Yesterday, upon the stair,
I met a man who wasn’t there
He wasn’t there again today
I wish, I wish he’d go away...

 

 

Tue, 09/18/2012 - 12:08 | Link to Comment helping_friendl...
helping_friendly_book's picture

I vote we throw Japan under the bus and support Chinese regional hegemony. Let's get the fuck out of Japan and Korea, keep the shit hole bases at Subic Bay and let the Chinese give the Japs the ass whooping that has been posponed, and well deserved, for 80 years.

Let's surprise everyone and pull, the fuck, out of everywhere. We can start rebuilding US infrastructure instead of enabling the CIA to be the worlds primary weapons and drug dealer. 

Start indicting Bankers and Blackwater for crimes against humanity.

 

Tue, 09/18/2012 - 12:20 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

As clear evidence that you are not very bright, I point out that the US closed its base at Subic Bay nearly two decades ago, Nov 1992.

Tue, 09/18/2012 - 12:26 | Link to Comment Nadaclue
Nadaclue's picture

Sigh, Subic closed. It's sad, I have such fond memories of Shit River. Going forth from the Base and over said river, meant world class debauchery was in store. As a side show, throw a few pesos to the kids swimming for them.

Anyone else remember the Spider Bar?

Ahh, now all I have are the memories and, arthritis...

Tue, 09/18/2012 - 12:31 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Your pension goes a LOT further in Olongapo than anywhere in the US.  There are also actually VA medical facilities in the Phils, too, because of all the military retirees there.

Tue, 09/18/2012 - 12:31 | Link to Comment Quinvarius
Quinvarius's picture

...and the black clap from the sounds of it.

Tue, 09/18/2012 - 13:25 | Link to Comment helping_friendl...
helping_friendly_book's picture

Still pissing razor blades?

Tue, 09/18/2012 - 13:24 | Link to Comment helping_friendl...
helping_friendly_book's picture

How would I know?

Manila is not on my "must see" list. 

The only thing I know about the Phillipines is Ferdinan Marcos found the Japanese Gold horde during/after WWII.

That's how Emelda could afford all those shoes.

Tue, 09/18/2012 - 12:24 | Link to Comment VyseLegendaire
VyseLegendaire's picture

Rebuild US infrastructure? Indicting criminals? Clearly you're not living in the same country as I am.  The entire project of the United States has been founded on foreign agression/colonial exploitation via corporate personhood since the very inception.  

Tue, 09/18/2012 - 12:10 | Link to Comment Cazzi amari
Cazzi amari's picture

Damn Mongolians!!! Thanks fo flying shity airline.......

Tue, 09/18/2012 - 12:14 | Link to Comment youngman
youngman's picture

The war will be when China decides to dump the treasuries......and not a billion here and a billion there....but a dump ....a three month event....I bet they test those waters soon.....that is more effective than a cannon ball at this point...China exports single digits to Japan..but Japan exports over 20% to China...so Japan has more to lose...and watch S Korea...they will pick up Japans share...

Tue, 09/18/2012 - 12:20 | Link to Comment Lucius Corneliu...
Lucius Cornelius Sulla's picture

There isn't going to be any shooting war.  Stop the hyperbole.  There will be a trade war and China can do nothing about it because only they are bigger hypocrites than the USA when it comes to currency debasement.  Besides, if they dump their treasury hoard then they will be mostly hurting themselves.

Tue, 09/18/2012 - 14:18 | Link to Comment seek
seek's picture

I wouldn't count on no shooting war. Directly with China, probably not, but a proxy war, absolutely.

Remember that there are billions to be made in military contracts replacing weapons that get used, and those things don't fire themselves (though they're closer than ever to doing that.)

TPTB's dream come true would be a hot war that consumed lots of equipment, along with just enough attacks inside the US to 1) destroy any evidence that might implicate them in doing bad things, and 2) allow DHS to completely take over the states and local law enforcement, and get rid of all those meddling kids, their dog, and the Guy Fawkes masks.

Tue, 09/18/2012 - 12:28 | Link to Comment cougar_w
cougar_w's picture

I don't see how the Japanese emerge from this dust-up without becoming more toasted than they already are. And Japan hase been toast for years.

The partnership between Japan and the US -- though usually one-sided economically -- I think has been a good one overall. The US will think long and hard before allowing Japan to fail economically or militarily. But China is a bear, and not one we want to conflict with. I'm not sure how Japan will fair if things get hot.

Tue, 09/18/2012 - 14:31 | Link to Comment easterner
easterner's picture

China has been prepared for this war for the last decade. They are doing land, navy, air force military drills; test fire four long range strategic missiles in the last few weeks; encourage citizen's demonstration; send dozens of patrol ships to the disputed island, which broadcasted to whole world.

Look, they are not exactly leaving room for compromise. Japan either back down and leave, or war. That simple.

Tue, 09/18/2012 - 12:43 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Youngman +1 for Japan's loss, Korea's gain. 

Arbiter of the China/Japan love/hate continuum for millenia. 

One of the most densely wealthy nations in the world.

Tue, 09/18/2012 - 12:15 | Link to Comment Lucius Corneliu...
Lucius Cornelius Sulla's picture

There are more protesters on the front steps of the Supreme Court on any given day than what I see in that photo.

Tue, 09/18/2012 - 12:17 | Link to Comment JailBank
JailBank's picture

China you fucked upped up. You trusted us.

Tue, 09/18/2012 - 12:17 | Link to Comment chindit13
chindit13's picture

This is no longer a protest against any specific target, but rather it is a society undergoing a collective nervous breakdown. It is anger in search of a target.  Senior Party officials who have yet to get their loved ones out of the country will do so before the anger turns toward them.  Six months from now it's 50:50 that any of the current leadership is still in power.

Tue, 09/18/2012 - 12:20 | Link to Comment tip e. canoe
tip e. canoe's picture

maybe more like a world undergoing a collective nervous breakdown?

Tue, 09/18/2012 - 12:22 | Link to Comment VyseLegendaire
VyseLegendaire's picture

Agree on that!

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