Tag Archives: china

[OTE132] On the Edge with Dan Collins of The China Money Report

This guy, Dan Collins, has a great new site, The China Money Report, which covers all the local news in China, especially gold and silver!

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China Threatens Further Downgrade of U.S. Debt

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Max Keiser: China to beat IMF to Italy’s gold

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Financial Earthquake Triggered by Loan Shark Business

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Spies in China Said To Be Behind IMF Hacking

Stacy Summary:  Is this really hacking?  Or as China basically vendor finances several of the top member IMF countries . . . perhaps it views itself as just looking over its ‘investments?’  I mean, heck, recipients of welfare (certain sorts anyway) in America must subject themselves to drug tests (thanks to a ‘libertarian’ governor), so maybe this is China’s equivalent – - just conducting to surveillance to make sure there is no benefits fraud going on?

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China to punish local officials for excessive debt

Murderer hung in Missouri in the 1860′s.

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Rothschild’s Indonesian Coal Play Pays Off Handsomely

Stacy Summary:  Deniers will shriek. But at Maxkeiser.com we live in the real world and so give you only the real data. Live in cuckoo land if you wish, but please don’t talk in your sleep. For real worlders – you don’t need to be a rocket scientist to know that we have hit peak oil, all the evidence supports that. As we have told you for years, however, forget what you hear (shrieked) about renewables, the plan is, and always was, coal. As you will see below, the empirical evidence is now supporting this. Our earlier assertions, however, were made based on Department of Energy own forecasts and by facts on the ground (i.e, the UK began building new coal mining operations). Our assertions were met by bombardments of shriek about peak oil being a hoax. Whatever. Just look at the frigging data. And note that this increase in coal use will lead to more global warming; you can shriek all you want but the plan is geo-engineering and not what the shriekers are shrieking about carbon taxes. Look at the facts. Trust me, you will end up dead, broke or just plain stupid if you scurry around like a headless chicken thanks to the shriekers.

Indonesia, in particular, raised its production of coal by an almost insane 20% over 2009. Indeed, a number of the regions that I have previously identified as having deep, recoverable reserves raised production in 2010 by substantial margins. The global transition back to coal is fully on course, with a veritable second Age of Coal now on the horizon.

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China warns U.S. debt default is ‘playing with fire’

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China is now top gold bug as investment demand doubles

Stacy Summary:  As I noted in my analysis yesterday of the silver supply and demand equation compared to 1980, a time to which many former silver bulls, forever silver bears and the BBC are now comparing today’s market, a time when China wasn’t even a pimple on the imagination of precious metals buyers and sellers.  Many analysts fail to even consider the nearly one and a half billion new consumers in China and their investment demands for precious metals, especially in light of their government pegging the yuan to the rapidly depreciating dollar. Remember, the combined populations of China and India today is nearly equal to the global population in 1980.

China’s investment demand for gold more than doubled to 90.9 metric tons in the first three months of the year, outpacing India’s modest rise to 85.6 tons, the World Gold Council said in its quarterly report on Thursday. China now accounts for 25% of gold investment demand, compared with India’s 23%.

The report underscores the rising appetite for gold among the growing middle-class in China.

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China, the world’s largest producer of wheat, to spend $1 billion in emergency water aid as worst drought in 60 years threatens to send Shoe Throwing Index soaring

Stacy Summary:  Again, of course, in terms of climate related disasters and their impact on the economy and on food security, you can choose to believe Lord Monckton, the Koch Bros, Exxon and the Chamber of Commerce; others, however, might want to follow the link and make your own judgment about the integrity of these groups.

China announces $1 billion in emergency water aid to ease its worst drought in 60 years. China is the world’s largest producer of wheat.

Beijing has also promised to use its grain reserves to reduce the pressure on global food prices, which have surged in the past year to record highs due to the floods in Australia and a protracted dry spell in Russia.

Here is a map of the precipitation anomalies for the past month; where China doesn’t actually look all that bad when compared to most of South America, where severe drought turned the Amazon into a net emitter of CO2 last month!

China’s water problems are, of course, exacerbated by rampant and inefficient development and industrialisation; nevertheless, erratic precipitation patterns as the climate changes can be expected to continue to amplify such impacts in the future.

Now for some temperature anomaly updates. As you recall, here is the December 2010 map:

It was cold in Topeka this January, making it the 37th coldest January for the US in the 117 year record.  Topekans might find solace, therefore, in the 100 degree temperature swing projected over the next few days. (Gee, I guess them thar sunspots have returned very suddenly over the Midwest?)

Globally, however, it was the 11th warmest January on record:

As you can see, the Arctic continues to be much warmer than average. And, thus, the January 2011 Arctic sea ice extent lowest on record:

The decline in sea ice extent has been matched by a decline in the sea ice volume:

And also, a dramatic decline in the age of the ice:

And a decline that is seen across every month of the year:

As Rear Admiral David Titley testified to Congress, 17 November 2010:

In terms of climate change impact on missions, the Navy is watching with great interest the changing Arctic environment. September 2007 saw a record low in sea ice extent and the declining trend has continued — September 2010 was third lowest extent on record and the overall trend has shown an 11.2 percent decline per decade in seasonal ice coverage since satellites were first used to measure the Arctic ice in 1979. Perhaps more significantly, estimates from the University of Washington’s Applied Physics Lab show that the amount of sea ice continues to decrease dramatically. September ice volume was the lowest recorded in 2010 at 78 percent below its 1979 maximum and 70 percent below the mean for the 1979-2009 period.

For more on separating the Koch propaganda from the science, here’s another great video from greenman3610:

I’ve been watching the Bruce Parry “Arctic” series. In one epsiode, he was in Greenland where he spent a week or two with an Inuit group who live by hunting walrus; the guy he was hunting with explained that they now have trouble hunting walrus due to the melting ice.   And in this clip from later in Parry’s journey (this time to Canada), an Inuit subsistence hunter, sitting in the same spot from which his family has hunted caribou for many generations, talks about how the caribou are no longer reliably there due to changing climate:

Yes, I know that the Koch Brothers and Lord Monckton insist that the Arctic sea ice extent is actually building and the world is getting colder; so you can either choose to believe their assertions or you can believe the Inuit and the Nasa/NOAA/UAH satellite data that confirms the accuracy of their observations. For those who need an excuse to support their ideology, you can say that the Inuit have lying eyes that are conveniently supported by the fabricated data from the scientists who just want a grant.

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A Chinese New Year in Currency Wars

Stacy Summary:  China and the US are on the currency war battlefield.  They’ll both lose in the end, but which of them will lose first?  And how many do they take down with them?

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From Nomi Prins: China, Russia and the Dollar

(If you can’t view the Youtube below, you might be able to view here instead, h/t James)

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China: Coal Price and Clean Energy

Stacy Summary: China looks like it is deploying a Bruce Lee energy policy. With America’s overwhelming military force and spend in the Middle East securing oil reserves and the world community apparently behind or unconcerned about this frequent recourse to force, it really makes zero sense to a nation like China to devise energy policies that would see it constantly confront the angry elephant. With a goal established, it will be very interesting to see whether or not China can achieve this green energy dominance and what sort of innovation (if any) emerges.

Beijing aims to cut carbon intensity as much as 45 percent from 2005 levels by 2020 and increase the share of renewables to 15 percent of primary energy consumption. That is nearly double the current ratio and would make the country a leader in green energy manufacturing and use.

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Exodus from China predicted as multinationals finding lower cost workers elsewhere, including in America

Stacy Summary: Seems the  timeline on eco-eco holocaust is shrinking on all fronts. The wage gap between China and US wasn’t supposed to close for another 20 or 30 years. There are signs, however, that this gap is closing much faster than predicted. What’s your prediction?  How soon will it close?  How soon will Chinese workers earn more than American workers?  Or do you think the entire globally economy and markets will collapse faster than either??

The US industrial giant General Electric raised eyebrows in May with plans to shift production of its hybrid water heater from China back to Kentucky next year after securing lower wages from US workers. The company cited the narrowing pay gap, lower transport costs, and shorter delivery times.

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