Originally posted by FRED
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Re: China raises interest rates again
Originally posted by FRED View Post
I'm not optimistic that raising interest rates will help. Why would anyone bother about an additional 1% interest rates when there's no intention to return the money? ;)
Pass a law that imprisons anyone who doesn't pay his bank loans will be far more effective. And maybe also jail the mortgage or loan officer that gave out the delinquent loan also! lolLeave a comment:
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China raises interest rates again
China raises interest rates again
By Annalyn Censky, staff reporterApril 5, 2011: 7:56 AM ET
NEW YORK (CNNMoney) -- For the fourth time in six months, China's central bank is hiking interest rates to combat rising inflation in the country.
The People's Bank of China said Tuesday that it will raise its one-year lending rate to 6.31% from 6.06%, effective Wednesday.
China has raised interest rates incrementally over the last six months in an ongoing effort to tame rapidly rising prices there. Consumer prices surged 4.9% over the 12 months ending in February -- a rate far outpacing price increases in the United States and Europe. more...Leave a comment:
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Re: China Crash 2011 - Part I: The repetition compulsion of central bankers Part I: Let us raise up then crash the economy, again - Eric Janszen
Originally posted by bill View Post
http://www.telegraph.co.uk/news/worl...s-US-says.html
http://online.wsj.com/article/SB1000...091744070.htmlWednesday 12 January 2011
Nevertheless, Mr Gates called on Japan, China's most powerful neighbour and rival, to bring forward its military technology by purchasing Lockheed Martin's F-35 to replace its obsolete fleet of F-4 Phantoms.
"The Japanese government is considering its purchase of its next-generation of the fighter aircraft," Mr Gates said in Beijing.
"That would give Japan the opportunity, if they bought the right airplane, to have a fifth-generation capability."
http://www.dvidshub.net/news/63417/g...military-talks- JANUARY 12, 2011China's success could also have repercussions for several Asian countries, including Japan, which have territorial disputes or other security issues with China, and are either being encouraged to buy the F-35 or are banking on the U.S. maintaining air superiority in the region.
Japan plans to buy a dozen next-generation fighters within the next five years, as it modernizes its defense strategy and shifts its defense focus toward China, and away from Russia. The F-35 is a top contender. South Korea and Singapore are also considering buying the F-35, and Australia has already committed to purchasing it.
This is an earthquake which has especially shaken Japan, South Korea and Southeast Asian countries. I'm sure Japan and others will push the U.S. to restart the F-22 production line."
http://www.asahi.com/english/TKY201101110268.htmlGates is scheduled to meet with Japanese Defense Minister Toshimi Kitazawa and other senior leaders of the Japanese government, including Prime Minister Naoto Kan.
2011/01/12
On Monday, Japanese Defense Minister Toshimi Kitazawa visited South Korea for talks with his counterpart, Kim Kwan-jin.
Despite the various hurdles, agreement was reached to begin discussions regarding an Acquisition and Cross-Servicing Agreement (ACSA) for the exchange of military supplies between Japan's Self-Defense Forces and the South Korean military.
The ministers also agreed on the need for a General Security of Military Information Agreement (GSOMIA) to stipulate rules for the protection of confidential military information.Leave a comment:
- JANUARY 12, 2011China's success could also have repercussions for several Asian countries, including Japan, which have territorial disputes or other security issues with China, and are either being encouraged to buy the F-35 or are banking on the U.S. maintaining air superiority in the region.
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Re: China Crash 2011 - Part I: The repetition compulsion of central bankers Part I: Let us raise up then crash the economy, again - Eric Janszen
Removed by authorLast edited by Chris Coles; January 09, 2011, 05:06 PM.Leave a comment:
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Re: China Crash 2011 - Part I: The repetition compulsion of central bankers Part I: Let us raise up then crash the economy, again - Eric Janszen
It is interesting - I've mentioned before that there are now at least 7 different GPS systems being put into play:Originally posted by bill
Besides the US' - Russia, China, Japan, the EU, Israel, and India are all either making noises or are actively deploying satellites.Leave a comment:
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Re: China Crash 2011 - Part I: The repetition compulsion of central bankers Part I: Let us raise up then crash the economy, again - Eric Janszen
Originally posted by bill View Post
Singapore is already a unofficial SAR of China, ironically follows China's orders even more obediently than Hong Kong.Leave a comment:
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Re: China Crash 2011 - Part I: The repetition compulsion of central bankers Part I: Let us raise up then crash the economy, again - Eric Janszen
A GPS system coming.Originally posted by touchring View Post
http://www.wired.com/dangerroom/2010...ps-of-its-own/
Sundays satellite makes the fifth orbiter in the Beidou constellation, and the third launched this year. Another eight to 10 are supposed to be into space by 2012, providing regional coverage. By 2020, Beidou is supposed to ring the globe.
Which means China can get its own satellite-guided weapons ones that hit within feet of their target, and stay on track in any weather.
http://www.yomiuri.co.jp/dy/business/T110105005032.htm
Tech transfer.Jan. 6, 2011
The government plans to launch six or seven satellites over two years from 2014 to establish a Japanese version of the Global Positioning System that would be 10 times more accurate than GPS services currently available in Japan, according to a government source.
http://www.nanotechexpo.jp/en/index.html
China-Singapore Suzhou Industrial Parkthe Chinese
"Nanotech Valley"Suzhou Industrial Park (SIP) is a key cooperation project between Chinese and Singaporegovernments.
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Re: China Crash 2011 - Part I: The repetition compulsion of central bankers Part I: Let us raise up then crash the economy, again - Eric Janszen
Well said, and I am reminded of another maxim, never prod a sleeping bear.Leave a comment:
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Re: China Crash 2011 - Part I: The repetition compulsion of central bankers Part I: Let us raise up then crash the economy, again - Eric Janszen
Originally posted by bill View Post
I do not understand why people are so surprised that China can come out with sophisticated weaponry. As an industrial power, they already make everything, from the most high tech semiconductors to electronics, equipment and parts for aircraft, satellites, etc. This is almost like the USA 1930s. Making military hardware is only just one step away.
When I say that China is already a superpower, people look at me in amazement.
They got the money.
They got the technology.
They got the drive.
They got the people.
If they want, they can build 10 aircraft carriers battle groups in 5 years. They are not doing this yet because the current focus is on economic development.Last edited by touchring; January 06, 2011, 11:41 PM.Leave a comment:
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Re: China Crash 2011 - Part I: The repetition compulsion of central bankers Part I: Let us raise up then crash the economy, again - Eric Janszen
http://www.ibtimes.com/articles/9770...r-aircraft.htmOriginally posted by bill View Post
January 5, 2011 6:48 AM EST
China plans to begin test flight of its first J-20 stealth fighter as early as this month and plans to deploy them by 2017.
Photographs published online and Chinese military sources cited by the Japanese media indicate a test model of the J-20 fighter has been finished, with taxi tests carried out last week at an airfield in southwestern China.
Beijing appears to have completed a prototype of the stealth fighter, which Chinese experts are comparing to the US F-22 fighter, reinforcing the country's rapid military build-up, Japanese newspaper Ashai Shimbun reported quoting Chinese military sources.
The fighter will be equipped with large missiles and could reach island of Guam, a US territory in the western pacific with the aerial refuelling, the paper said.
The news comes just days before a visit to Beijing by US Defence Secretary Robert Gates, who will seek to mend military ties cut off a year ago by China when Washington sold billions of dollars in arms to its rival Taiwan.
The J-20, which is larger than the US Air Force's F-22 Raptor, will be equipped with large missiles and could fly to as far as Guam with aerial refuelling, Asahi said. It would still take another 10 to 15 years to develop technology to catch up with that of the US F-22, the article said.
The J-20 was undergoing high-speed taxi tests late last week at Chengdu Aircraft Design Institute's airfield, defence industry publication Aviation Week reported. 'It is larger than most observers expected - pointing to a long range and heavy weapon loads.'
The completion of the J-20 'has confirmed that the Chinese military is rapidly advancing the modernization of its air force while putting more effort into advancing to the open ocean', Asahi said. 'The move could have an impact on the military balance in East Asia.'Leave a comment:
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Re: China Crash 2011 - Part I: The repetition compulsion of central bankers Part I: Let us raise up then crash the economy, again - Eric Janszen
This is what I guess they will do. The chinese leaders will claim parts of their neighbouring countries calling them Tibet or South Tibet or some other bullshit and wage war on India or
smaller Asian neighbours for Gold. Their hypnotized people who are also highly nationalistic will eat that logic and play the drama and voila their excess male population problem will be solved. Never trust the chinese, as our elders say(chinese India war 1962), they speak with forked tongue.Leave a comment:
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Re: China Crash 2011 - Part I: The repetition compulsion of central bankers Part I: Let us raise up then crash the economy, again - Eric Janszen
That is indeed good news; may he live long and prosper.Originally posted by ThePythonicCow View PostLeave a comment:
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Re: China Crash 2011 - Part I: The repetition compulsion of central bankers Part I: Let us raise up then crash the economy, again - Eric Janszen
That makes sense. Thanks for explaining.Originally posted by Chris Coles View Post
I'm doing well, thank-you.
My 20-something son just got a job (retail sales at Sears) in California. So there has been good news in my family today.Leave a comment:
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