Sep 19 22:12

China Blames Wall Street Meltdown On Fed Overissuance Of Currency

China’s state media today reports on the real reason behind the Wall Street meltdown and a subject that the mainstream US media dare not mention - the Federal Reserve’s overissuance of currency - which the Chinese say is part of a wider agenda to justify increased control over the global economy.

Sep 19 13:50

China - Hair Bands Made From Used Condoms

BEIJING (AFP) - Used condoms are being recycled into hair bands in southern China threatening to spread sexually-transmittable diseases they were originally meant to prevent, state media reported Tuesday.. Errr.. Recycling anybody?

Sep 19 00:36

America and China Joined at the Hip


18/9/08 "Counterpunch" -- - With the government now having spent over $800 billion in less than a year shoring up tottering financial companies that had become little more than casinos (and rigged ones at that), America is looking increasingly like China, a country where the state has been gradually getting out of the business of directly owning companies.

Sep 13 08:52

China may cut its dollar holdings

China, which holds a fifth of its currency reserves in Fannie Mae and Freddie Mac debt, may cut the portion held in US dollars, according to China International Capital Corp (CICC), one of the nation's biggest investment banks.

Sep 10 09:23

Israeli Olympian calls Chinese 'shits'

Israel's sole medallist at the 2008 Olympics stirred a diplomatic row after describing the Chinese as shits, complaining they had funny accents and grumbling he could not buy hummus in China.

Webmaster's Commentary: 

Not that we are being racist or anything tacky like that.

Sep 08 08:32

China frets at US risk after Fannie/Freddie bailout

The U.S. Treasury's takeover of Fannie Mae and Freddie Mac is good news in the short term for China, the biggest holder of the giant mortgage lenders' debt, but Beijing's huge U.S. exposure still poses a serious risk, a prominent government researcher said on Monday.
China owned $376 billion of debt issued by U.S. government agencies, principally Fannie and Freddie, as of mid-2007.

Sep 05 08:04

Main Bank of China Is in Need of Capital

China’s central bank is in a bind.

It has been on a buying binge in the United States over the last seven years, snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac.

Webmaster's Commentary: 

Well, there's your problem right there!

Aug 28 07:17

China agrees $3bn Iraq oil deal

Iraq and China have agreed the terms of a $3 billion oil service contract, Iraq's oil minister says, announcing the first major oil contract with a foreign firm since the fall of Saddam Hussein.

Webmaster's Commentary: 

"But, that's OUR oil, dammit!!!!" -- Official White Horse Souse

Aug 28 07:16

China, Iraq Reach $3 Bln Oil Service Deal

China and Iraq have signed a $3 billion deal revising an earlier agreement for China's biggest oil company to help develop the Ahdab oil field, an official at the Iraq's Oil Ministry said Thursday.

Aug 28 07:15

Russia wins backing from China

RUSSIA today won support from China and Central Asian states in its standoff with the West over the Georgia conflict as the European Union said it was weighing sanctions against Moscow.

Aug 11 07:52

China to overtake US as largest manufacturer

China is set to overtake the US next year as the world’s largest producer of manufactured goods, four years earlier than expected, as a result of the rapidly weakening US economy.

Webmaster's Commentary: 

Considering all the incentives the US government gives to encourage companies to offshore their manufacturing, it's almost amazing that it's taken this long to happen.

Aug 10 18:16

Iraq to revive oil deal with China

-Iraq and China are set to revive a $1.2 billion oil deal that was canceled after the 2003 U.S.-led invasion, the Iraq's oil ministry said Sunday.

Webmaster's Commentary: 

"But, but, but, that's OUR oil! We worked for it! We killed for it! We conquered for it! WE bankrupted the taxpayers for it!" -- Official White Horse Souse

Aug 09 19:16


The largest US/EU naval armada assembled since the start of Gulf War I now is taking up station just outside and inside the Persian Gulf, with significant battle groups just coming off an extensive joint military exercise timed to end just now. America never will be more ready to take on Iran, or so it thinks.

The US has announced its intention to emplace a naval blockade of Iran. That, in itself, is an act of war under international law. Never mind that Iran has done nothing to deserve this. Neither Russia nor China, strategic trading partners of Iran's will take this lying down.

Aug 08 09:06

Bush Hails US-China Ties

Webmaster's Commentary: 

Right after he lambasted China for its human rights record barely 24 hours before, and China told him, in essence, to "stick it where the sun don't shine"??

Is this man completely stupid, criminally incompetent, or both?

Aug 06 09:13

Beijing sends Mugabe packing

ZIMBABWE'S President, Robert Mugabe, has been forced to return home following intense political pressure from the Chinese Communist Party not to attend Friday night's opening ceremony of the Beijing Olympic Games.

Aug 06 08:52

Bush To Speak Out Against China Policies On Day He Arrives For Olympics

Webmaster's Commentary: 

Can this man not put his feet so firmly down his throat when he speaks that he's tapdancing on his tonsils?!?!

Does he have any clue about how much US paper money China holds, and what would happen to the US economy (already poised to jump off a cliff) if China starts to dump dollars??

Aug 06 08:38

China revokes visa of gold medalist, Darfur activist Cheek

Olympic gold medalist and outspoken Darfur activist Joey Cheek has had his visa revoked by the Chinese embassy, hours before the speedskating champion was set to fly to China. And he wasn't even planning on wearing a mask when he got there.

Webmaster's Commentary: 

In ancient times, the Olympics were held in such high respect that wars would stop for the duration of the games, and competitors from the opposing sides would meet on the athletic fields, have the games, and while it would be too much to expect they would be friends, they were at least cordial according to contemporary records.

These degenerate times every government on Earth seems to feel that the Olympics exist solely either to make money or political points, and the athletes are just stands on which to hang medals to be admired, or pawns to be discarded if they fail to produce the required political results.

Aug 05 08:25

Beijing Olympics security: theater of the absurd

So much for the Olympic spirit. The Summer Games aren't much fun and games for those rights activists, public critics of the government and outspoken freethinkers like Yu who aren't welcome at the party, are under watch or have been driven out of town.

Jul 26 17:08

Terror Threats to Olympic Games

Webmaster's Commentary: 

How very convenient for the war hawks if something happens.

Especially since the CIA is behind these central Asia "terror" groups.

Jul 24 07:29

Bush will revive arms sales

US-Taiwan Business Council chairman Paul Wolfowitz told a gathering of the American Chamber of Commerce in Taipei yesterday that he believed the administration of US President George W. Bush would recommence arms sales to Taiwan before Bush leaves office in January.