The World’s Debt is China’s Wealth

By LUIS MIRANDA | THE REAL AGENDA | AUGUST 30, 2012

Debt is never seen as a positive outcome, however there are times when someone’s incapacity to handle finances becomes wealth for others. A clear example is the current state of economics in both the developed and developing worlds, where indebted nations are the subject of hefty fees and interest rates on loans they cannot mathematically pay. In fact, the irresponsibility of politicians and bureaucrats to manage their countries monies has made them slaves of their own greed.

But for other countries like China, which has bought most of the debt from countries like the United States, a nation’s hell has become a bonanza. China’s leverage has allowed to accumulate a gigantic purchasing power, which many people also attribute to the Chinese management of their currency value. China, they claim, purposely devalues the Yuan, in order to keep its products at more competitive prices. China’s currency manipulation and the fact that its labor is one of the cheapest in the world allowed the country to accumulate large amounts of wealth.

Where is all that money going? To purchase land and resources all over the world. But China’s race to acquire land, mainly to plant food for its growing population, and to sell it to other countries, is not unique. Countries like Saudi Arabia and organizations like the UN are also investing their cash in large portions of land. The practice of buying land abroad is also known as the third wave of the outsourcing movement, although many call it a new form of neocolonialism.

The Chinese have gone everywhere they find open arms to effectively acquire property and infrastructure, sometimes hiding their purchases behind a veil of bilateral agreements or simply financial aid that is not expected to be returned. The Chinese government has built soccer stadiums in Costa Rica, offered millions of dollars to local governments in Brazil, bailed out the US in multiple occasions by purchasing its debt, and now, it is buying Europe up.

If anyone is in doubt about where do European bankers get all the money they’ve given to their corporate friends in so-called ‘rescues’ and ‘bailouts’, please look at two main sources. First, massive electronic creation of money; as in typing digits on a computer keyboard and charging the interests generated from those ‘rescues ‘to many generations to come, and two, Chinese purchase of European Union bonds. The latter is the same mechanism used by the United States to get cash flow or liquidity to maintain its gigantic empire going.

The Chinese couldn’t have come to Europe at a better time, because not even Germany, the sudden shiny house at the top of the hill, was able to handle the scandalous sovereign debt catastrophe that most EU members are into. Meetings and conversations already begun, with German Chancellor Angela Merkel and Prime Minister of China, Wen Jiabao, providing a quick pick into what they call the first fruit of their encounter, but which in reality could be a rotten fruit. The president of the Asian giant has confirmed that his country would continue to buy sovereign bonds in the EU, but also deeply analyze their risks.

After the meeting with German Chancellor Angela Merkel on official visit to China, Wen said Beijing would improve consultation and communication with the EU, the European Central Bank (ECB), the multilateral financial institutions and major countries to help the most indebted European states to cope with their problems.

In this regard, he said that China hopes that the EU can achieve a balance between fiscal austerity and economic stimulus, a formula that is the fundamental way to solve the crisis.

Cooperation with Germany and the EU as a whole, said the Prime Minister, should focus on boosting confidence. “We must let people see hope, oppose trade protectionism and promote collaboration to explore the markets,” said Wen.

Meanwhile, the Chancellor said that the euro zone has the political will to address the crisis. Wen and Merkel led today the second round of intergovernmental consultations between their respective countries, with the participation of seven German ministers, which accounts for half of Merkel’s Cabinet.

Following the meeting of the two, China announced the purchase of 50 Airbus A320 model, the value of 2,790 million euros ($3,500 million).

It seems that the Chinese financial rescue of the European Union has begun, except it is not to rescue Europe, but to rescue China itself. The deeper in debt  countries get with China, the more products they have to buy from that country and the lesser finished goods they will produce. China’s investments will yield not only access to markets with less regulations for its cheaply made toxic products, but also and most importantly, dependence.

China is on the way to becoming the landowner, the producer and the seller who no one will be able to contest.

BP is burning rare sea turtles alive

NaturalNews.com

By now, almost everyone is aware of the out-of-control oil spill down in the Gulf of Mexico that seems to be getting exponentiallyworse with each passing day. But what people may not know is that BP’s efforts to control the oil by burning it are actually burning alive a certain rare and endangered species of sea turtle.

For several weeks now, rescue crews have been feverishly trying to save Kemp’s Ridleys sea turtles, as well as four other endangered varieties, from being caught in the oil corral areas that are being intentionally burned by BP, but according to Mike Ellis, one of the boat captains involved in the project, BP has now blocked all such rescue efforts from taking place.

“They ran us out of there and then they shut us down, they would not let us get back in there,” he explained in an interview with Catherine Craig, a conservation biologist.

According to Dr. Brian Stacy, a veterinarian with the National Oceanic and Atmospheric Administration, there are five different endangered sea turtles living in the Gulf that are all at risk, but the type being found “dead or covered in oil” the most is the Kemp’s Ridleys variety, which is the rarest species of them all.

So why would BP intentionally block rescue efforts aimed at protecting and saving wildlife and other endangered species from being burned alive in controlled burning pits? For starters, the Kemp’s Ridleys sea turtle is listed in the Endangered Species Act, which means there are severe penalties for those who harm or kill them.

According to the law, harming or killing even one animal on the endangered species list can result in a fine of up to $50,000 and may include prison time. This means that the hundreds, or even thousands, of endangered sea turtles being burned alive by BP are going to cost the company a lot of money, not to mention the prison time its executives might have to serve.

At this point, it is difficult to determine exactly how many sea turtles are being, or have been, destroyed by BP because access to the pits has ceased, but crews are doing what they can to keep track of the animals they do know of to be sure that BP is held responsible in the end.

Bilderberg Gives Green Light to Attack Iran

PrisonPlanet.com

The 2010 Bilderberg agenda has been revealed by veteran Bilderberg sleuth Jim Tucker and it paints a picture of crisis for the

War with Iran may be around the corner now that Bilderberg has given the official approval.

globalists, who are furious at the increased exposure their gatherings have received in recent years, as well as being dismayed at their failure to rescue both the euro and the failing carbon tax agenda, but more alarmingly according to Tucker, the majority of Bilderberg members are now in favor of military air strikes on Iran.

American Free Press muckraker Tucker has proven routinely accurate with the information he obtains from sources inside Bilderberg, which makes this year’s revelations all the more intriguing.

According to Tucker, Bilderberg luminaries are dismayed at the fact that “many important people” are not attending this year because, due to increasing exposure, invitees are “getting in trouble at home” and constituents are embarrassing them by asking irate questions such as “what are you doing with these monsters?”

“All these people are exposing us, we get all this mail and calls,” Tucker paraphrased Bilderberg members as complaining.

This dovetails with the revelations overheard by Guardian journalist Charlie Skelton at the Hotel Dolce Sitges before the meeting began when he heard conference organizers lamenting the fact that protest numbers are growing at Bilderberg events each year and that they represent a “threat” to Bilderberg’s agenda.

In addition, prominent Bilderberg Zbigniew Brzezinski, the man who warned recently that a “global political awakening” was threatening to derail the move towards global government, was expected to be in attendance at this year’s meeting.

Tucker named his source as an international financial consultant who personally knows Bilderberg members and has done business with them for the past 20 years.

Turning to Iran, Tucker said that many Bilderberg members, including Brzezinski, were in favor of U.S. air strikes on Iran and were “leaning towards war,” although 100 per cent of members were not supportive of an attack.

“Some of them in Europe are saying no we shouldn’t do it but most of them are in favor of American air strikes on Iran,” said Tucker, adding, “They’re tilting heavily towards green lighting a U.S. attack on Iran.”

An attack on Iran would provide a welcome distraction to the globalists’ failings in other areas and would also allow them to war profiteer, pointed out Tucker.

On the subject of the euro, Tucker said that the Bilderberg elitists were determined to save the single currency even as it collapsed to a new 4-year-low at $1.19 against the dollar yesterday afternoon. As we have highlighted, the globalists are panicking at the euro’s fall and the ECB keeps intervening to try and hasten its decline. If the euro were to cease to exist, it would all but derail the ultimate agenda for a global currency because the perceived stability of using one currency for a plethora of nations would be discredited.

“The euro is important because it’s part of their world government program, they’re very downbeat because they’ve fallen so far behind,” said Tucker, explaining that the globalists had planned by now to have the European Union, the American Union and the Asia-Pacific Union already up and running.

With regard to the climate change agenda, on which subject Microsoft founder Bill Gates was personally invited to the conference to discuss, Tucker said that Bilderberg were still intent on pushing it in pursuit of a carbon tax despite the fact that the whole move was massively eviscerated in the aftermath of the Climategate scandal.

Tucker quoted one Bilderberg member as all but admitting defeat on the mission to hoodwink the public into paying taxes in the name of fighting global warming.

“On climate change, we’re about whipped,” said one of the elitists in attendance.

However, Tucker said that the globalists were working on putting out more climate change propaganda “even as we speak”.

On the issue of the BP oil spill, the Bilderbergers made it clear that President Obama’s apparent “outrage” at BP and his threat of criminal procedures against the company was an little more than an act and that British Petroleum, who have been represented at Bilderberg meetings in the past by people like Peter Sutherland, former non-executive chairman of BP, were still “one of our brothers,” according to the elitists.

The future of oil prices are always an important topic to Bilderberg and the leaks Tucker and other investigators relayed from previous Bilderberg meetings were proven accurate when oil prices hit $150 a barrel in 2008, which was precisely what Bilderberg had called for.

“Gas prices are going to be nice and cheap this summer,” said Tucker, adding that they would start to rise again to the $4 a gallon level around November when artificial scarcity is created.

On the march towards anti-democratic global government, Bilderberg members stated that America must be “Europeanized” and turned into a giant socialist welfare state with health rationing and higher income taxes.

Tucker said hat Bilderberg were intent on mandating a bank tax paid directly to the IMF to fund global governance and a global treasury department under the IMF, and that this would then merely be passed on to the consumer.

In summary, Tucker said that this year’s conference was the most downbeat and pessimistic Bilderberg meeting in history, with massive exposure of their agenda acting as a roadblock to the ultimate goal of an authoritarian world government run by the elite, for the elite.