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Score 1 For Japan As Chinese Protest At US Embassy In Beijing
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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We're talking about America, right?
China wants the US to back Japan so it can back down "in the face of US aggression". It needs the dioversion as the Chinese economy implodes but does not want to risk being destroyed. The Communist Party grip on power is increasingly shaky and the elites are buying hard assets outside China in case they have to escape. The game is predictable but the end-result is not
The relevant question then becomes: Do what degree do the Chinese leadership fear their own people?
Historically the answer has been: Lots.
Japan can't shoot anybody under current treaty agreements. Therefore, they will lose.
What treaty? The US-Japan Defense Treaty? Where does it say Japan can't shoot? It doesn't. Or are you confusing that with their Constitutional ban on offensive action, which also doesn't say they can't shoot. More likely, you have no idea what you're talking about and have a brain addled from too much manga. Read "Zipang" and get back to us with your updated ideas about Japan's military capablilites.
How about this theory. China is starting to worry that the $1.3T in US bonds may not be such a good investment now. They can't sell it on the open market because it would crash the market. So they say to the US 'Start buying it from us off line'. The US says 'no'.
Protests start at the US embassy to create some pressure.
Interesting thought.
Chinese could also be pissed that QE3 purchases will only be MBS, not the stuff they are stuck with. They see the handwriting on the wall which reads "You are the bagholder".
Thanks Hilary.
Don't ever think chinese people out of sudden can go on the street to protest anything, if there is no government backing. they have a lot police and army. This is nothing more a government supported protest over japanese takeover of the islands. After all, the island is still occupied by the Japanese. If the Chinese really got the balls, they can just take the islands back. As far as I see, it is all fluffy stuff.
There's a little over 30 people protesting and the rest are security and onlookers. Is this a joke?
Didn't know the US embassy was selling treasuries today?
***Chinese general: Prepare for war***
http://freebeacon.com/chinese-general-prepare-for-combat/
War Is Not Far from Us and Is the Midwife of the Chinese Century
http://www.theepochtimes.com/news/5-8-8/31055.html
An interesting read
Yellow Swan.
I'm glad we're getting this lesson in history. During the Great Depression the amount of money in circulation contracted. We read that it was some conspiracy. We now see that money contracts naturally when debts are being paid off and when defaults occur due to the nature of fractional reserve banking.
We read about collapse in the global trade. We are seeing how rising tensions and the attempts to divert blame by the politicians result in protectionism and hostility towards foreigners.
We read about the burning of the crops. We now see perfectly good houses get demolished because it's cheaper for the bank to do than trying to pay taxes and maintenance fees.
We read many versions of how and why most of which were falsely reinterpreted by the media and politicians. We see how truth gets twisted and how meaning gets lost. All the lies, at some point, are documented and cross referenced by experts, eventually ending up in books people like Ben Bernanke can quote in another 100 years, while commiting the same.
However there's one lesson that we haven't yet learned, that typically comes next in the curriculum. It is war. We're a full generation away from the last great tragedy. This generation knows nothing of real causes and effects of a global conflict triggered by economic mismanagement.
One thing certain, whatever lessons we learn today will, at best, last a generation and in 100 years it'll be nothing but lies and false recollections.
'All be the same in a hundred years',a frequent saying of
my grandfather.
Lower right hand corner of the photo, someone's crapping in the bushes.
"China: Making DooDoo in Public Since 1000BC."
Confucius say "He who squats in park sits in own pew."
I see a guy maybe taking a leak, but nobody laying cable.
You need to squint to see it.
Obama hit China with a WTO violation of fair trade complaint just yesterday, the kitchen is getting hotter. The US has a long history of throwing it's allies under the bus, but I don't expect Japan to become the latest member of that club. We would defend Japan, maybe not Taiwan, but Japan for sure. The US 7th Fleet sits home ported just to the south end of Tokyo Bay. US Air Force bases are their also. The US must have given Japan the green light to "buy" the disputed territory, else I doubt it would have ever happened. Actually, from a military standpoint, Japan is in a much better position than China is, as it is not land-locked by neighbors who are likely enemies in a conflict {Vietnam, India.} An Asian military conflict would spell WW3, making the ME crisis look like a speed bump.
I cannot help but imagine that US oil companies must be salivating at the prospect of the US military kicking China out of the South China Sea on the pretense of defending our important interests in Japan.
I did not say this would happen -- it would be very dangerous work -- only that US oil companies are probably lobbying 24x7 for it. Afterall, they wouldn't be paying any of the bill and would gain access to all that oil for free. If it caused the deaths of 500K on both sides then that's just the cost of doing business.
A diplomatic agreement will be reached. No big deal.
Did someone post an anti-Chinese video on youtube? There is no other reason why the Chinese would protest against the USSA.
Slightly out of line, but India is running a commercial now for a travel advisory firm, telling folks where and where not to go, what to do or not, etc.
This Indian man is sitting in a Chinese restaurant. He sees a picture on a menu he cannot read, and points to it. Gets his dish. The gruff old Chinese waiter comes over and the Indian man does a chicken wing flap with his arms and says, "This Pluck Pluck Pluck gooood", then gives the thumbs up.
The crotchety Chinese waiter looks at him and says while waving his own arms chicken wing style, "Dat not Pluck Pluck Pluck; dat Wooof Wooof Wooof!
Have you seen the many Mao Zedong posters? Not a single poster of their current leaders. Mao once claimed even parts of Kazachstan and Siberia as Chinese territory, but in 2008 China finally agreed in a treaty with Russia on the existing border. To me it looks like those Chinese protesters are not happy with that.
http://en.wikipedia.org/wiki/Sino-Soviet_border_conflict
Tokyo needs to be rearmed.
It's okay though. When things get really ugly Mothra will return.
They aren't sitting in 1950s police cars...
http://en.wikipedia.org/wiki/Japan_Self-Defense_Forces
Those F-15Js and F-2s are slightly superior to the PLAAF and PLANAF SU-27s, 30s and Chinese variants (J-10, J-11). Their Kongo destroyers and Aegis-class cruisers are a match for the PLAN destroyers and cruisers. It would be a very interesting high-tech punching match between two peoples that evidently hate each other. Oh, and the Americans would most definetly be in the fight with their Pacific assets. It would get very interesting very quickly if the PRC decided to shut out the lights (satellites, GPS, maybe a nice EMP over Kansas) rather than risk losing to those Japanese dogs...
(BTW...war with China would be a wet dream solution to the statists...all those IOUs become worthless to a declared enemy)
A reasonable scenario. I'd give it a very low probability but certainly not zero.
This is lightning war. It would be started and done in a matter of hours, maybe even less than an hour.
I would expect 20% of the Japanese fleet sunk or disabled in the first 30 minutes, and several US assets on the bottom within 30 minutes of that. NATO would scramble 50 strategic bombers headed over the Pole for the waters around Japan, the Russians will shoot down 5 of them. 400 fighter aircraft from all sides would be in the skies within the first 20 minutes, and 150 would be shot down during 3 hours of the most fierce aerial combat the world has ever known. The N. Koreans would take the opportunity to move against S. Korea with 10 infantry divisions and 2 armor divisions, and the S. Koreans (with US support) would respond with a rolling barrage of theater nukes, resulting in 90% losses to the North over 15 minutes.
China would cave.
And that would end it.
We'll wake up in the morning and WW3 will have both begun and already ended.
I think the Navy fight would go differently (both sides have advantages, specialized tech/weapons and advanced tactics), but it's all a guess unless the balloon goes up whether the PAC-3s can handle the MaRVs and modern CIWS can handle ASCMs. Launching that many aircraft and then them turning hot into the combat zone is not as quick as many think. Both sides probably only have a dozen alert birds with war shots ready to launch. Of course, if there were clear stages of a build-up, that would change. In terms of the pennisula, it could just as easily be a move by the ROK preempting the Fat Boy King vice a replay of 1950 (dirty secret is that the Americans are the hostages to prevent just that scenario, in as much as a trip wire against the North).
In scenarios like this, I recall the Europeans in 1914 who didn't think war was possible, and were shocked at the speed of the descent into a firestorm that couldn't be stopped. Plenty of academics have pointed out that that pre-1914 world was the first "globalized" economy, with trade creating such interlocking interests as to prevent war.
Why would anyone suppose that economic interests can forestall a war, when war itself has so many economic rewards?
The Chinese can make their own iPhones and the US can makes its iPhones and Japan can make its iPhones and everybody can be happy again. And my machine shop can fill the supply chain gap.
If one or possibly both countries get angry with the US and decide to sell their UST's the dollar would plummet and PMs would soar. It would be a dream come true for goldbugs. I somehow doubt it will happen though. Whoever sold would incur major losses.
But it is interesting that the Chinese are threatening it. Any demonstration in a place as visible as the US embassy would have to be organized and approved by the Chinese government.
This looks like a very small protest, frankly. I don't see any official numbers? This could easily be staged (especially if some here think the anti-US protests in the Muslim world are all staged).
The China protests are 101% staged. I think everyone accepts that.
The only question is will China now want to stage a fire bomb attack on the embassy grounds, stage looting of the compound and the murder of embassy personnel, and stage Chinese people burning BO in effigy.
Stay tuned!
Its a Faketest...
Gerald Celente of Trends Journal says we’ll have a collapse this fall.
http://geraldcelentechannel.blogspot.com/2012/06/total-financial-collapse-by-fall-2012.html
WHILE YOU WERE ASLEEP. The Story of the 2012 Revolution, HopeGirl wrote on August 25, 2012, that one of the “signs of a derivatives market cracking” was currency wars. This, she says, already has happened on two occasions:
April 14 2012, China said they would let their currency rise from .5 to 1% of the American dollar. This would mean a 100% increase in every product sold here that is made in China. They warned the Americans not to put in QE3.
http://articles.marketwatch.com/2012-04-14/markets/31340930_1_china-economist-yuan-renminbi
April 11, 2012, the president of Brazil came here to tell Obama to stop the expansion policy of QE1, QE2, QE3. We don’t have a Federal Reserve and we can’t print money like you do and this is hurting the value of our currency. If you don’t we are going to have a currency war.
http://www.guardian.co.uk/commentisfree/cifamerica/2012/apr/11/brazil-president-rousseff-obama-washington
________________________
http://hopegirl2012.wordpress.com/2012/08/25/while-you-were-asleep-the-story-of-the-2012-revolution-by-hopegirl/
why aren't these protesters labeled "terrorists" or "domestic extremists" and hunted down by the Chinese government as they would in the US? It's probably staged and/or govt sanctioned.
My general assumption is that any protest shown to the world by China is staged. You'd be lucky to even be allowed to live after staging a real protest, and they most certainly wouldn't cover it on TV.
I'd like to know exactly how many UST's China is really still holding after their world wide buying spree.
I'll bet it is a lot less than most think.
What would you do with the ultimately worthless paper from the worlds largest counterfeiting ring?
Hang on to it or trade it for hard assets?
Well if there are Chinese riots it means the economy in China problably sucks a lot more than some of the recent pessimistic views. Protest against foreign embassies are always convenient when the internal situation sucks, rule 101 of politics and masses manipulation.
The Chinese are scared shitless of the Fukushima radiation. There were stories going around last week about long lines of Chinee buying 100 pound bags of iodized salt, in order to eat it and protect themselves from the fallout.
Japan can have one guy stand next to reactor 4, and threaten to push it over. The Chinamen will tuck tail and run.
China has already won. The USA has been effectively castrated by offshoring of virtually everything. If WWII happened today, we'd have a damn hard time launching even a single liberty ship. There is one West Coast steel mill left, ironically in Berkeley. I've seen bigger dairy plants.
Next time we talk about defense, lets talk about how we are going to build anything the day after China shuts off the cheap junk stream. Want to start a factory? You'll be scrounging junk yards and garage sales for equipment, and hiring the people who know how to use them out of retirement.
Seriously, what the hell are we doing? America has never been in such a state of complete dependence before. Even our foreign energy dependence is less drastic than our foreign "stuff" depedence at this point. We could ration the oil produced on this continent and survive. But we'd be hard pressed to even build a new steel plant without the steel to do so.
That said, throw Japan under the bus. Defense treaties aren't there to allow Japan to go stirring up trouble over a few stupid sea rocks. No American's should die to defend Japan's over blown sense of pride.
This has been on my mind for years. The tools in my shop, that I use daily, all come from Asia.
We send our logs to Korea and buy back the finished lumber.
Is even a single part of an "American" car made in America?
We still make our own nukes I think. Not sure though. Even then I wonder if we make the electronics gear in them.
This cannot end well.
"We still make our own nukes I think. Not sure though. Even then I wonder if we make the electronics gear in them."
DOE was buying foriegn made computer chips until they discovered the chips were altered and contained additional hardware and software. DOE spent a fortune building its own microchip manufacturing plant to ensure all critical components functioned as needed when needed. But, if the US has to use them, there are much bigger problems than buying back finished lumber. The second nuclear war will me much bigger than the first.
I support Japan under the bus.