Tag Archives: China

Russia Sends Record Volumes Of Oil To India, China, by Tsvetana Paraskova

The U.S. is just killing Russia with its sanctions. From Tsvetana Paraskova at oilprice.com:

  • India and China have stepped up purchases and are importing record volumes of Russian crude.
  • some Chinese state giants haven’t ramped up imports of spot cargoes from Russia despite steep discounts.
  • China registered in April its first annual increase in crude oil imports.

While Europe shuns Russian oil amid sanctions and expectations of an oil embargo on Russian oil imports, India and China have stepped up purchases and are importing record volumes of Russian crude, according to data from energy analytics company Kpler cited by Bloomberg on Friday.

Russia had up to 79 million barrels of crude either traveling on tankers or held in floating storage over the past week, Kpler’s estimates have shown. That’s more than double the 27 million barrels of crude Russia had seaborne in February, just before Putin’s invasion of Ukraine.

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The Eurasian Economic Union Steps Up, by Pepe Escobar

There’s quite a contrast between what participants in the Eurasion Economic Union are offered and what the U.S. offers: bullets, bombs, and regime change. From Pepe Escobar at strategic-culture.org:

The Eurasian Economic Forum has shown once again that this high-speed – economic integration – train has already left the station.

The first Eurasian Economic Forum, in Bishkek, Kyrgyzstan, took place this week at a very sensitive geopolitical juncture, as Russian Foreign Minister Sergei Lavrov keeps stressing that, “the West has declared total war against us, against the entire Russian world. Nobody even hides this now.”

It’s always important to remember that before Maidan in 2014, Ukraine had the option to become a full member of the Eurasian Economic Union (EAEU), and even balance it with a loose association with the EU.

The EAEU comprises five full members – Russia, Kazakhstan, Kyrgyzstan, Belarus and Armenia – yet 14 nations sent delegations to the forum, including China, Vietnam and Latin American nations.

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The Globalists’ Race Against Time, by Eamon McKinney

The world just refuses to move in lockstep with the globalists’ plans. To the globalists, that stems from flawed people, not flawed plans. From Eamon McKinney at strategic-culture.org:

A Great Reset will happen, just not the one intended by the Globalists. They may have to settle for the Great Decoupling instead.

The green economy, de-industrialisation, digital health passports, Central Bank digital currencies, these are all core components of the Globalists’ plan for the Great reset. The WEF has painted a picture of their proposed future via Klaus Schwab and his acolytes. “We will have nothing, own nothing and be happy”. The main obstacle to this grand vision is that not surprisingly very few countries wish to go along with it. The Globalists know their game is coming to an end and the Great Reset is their way of ensuring that the same financial cabal that has brought the world to its current lamentable state will continue to rule over all in the next world order. The most prominent objectors to this insidious plan are of course Russia and China. Unlike their western counterparts both have strong leaders who enjoy popular support, have strong economies and are optimistic about future prospects for growth. Neither intends to sacrifice their countries so that Western elites can maintain their control over the Global economic system and impose their self-serving will on weaker nations. Which in its simplest terms is why both countries need to be destroyed, at least economically before the Great Reset can be imposed on the world. Time, however, is not on the Globalists’ side, recent events have demonstrated that they are aware of this and are accelerating their timelines.

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Biden “Misspeaks” In Vow To Respond Militarily If China Attacks Taiwan, White House Walks Back, by Tyler Durden

Another day, another Biden gaffe, another hasty effort to repair the damage. Nothing major, just the U.S.’s relations with China. From Tyler Durden at zerohedge.com:

Update(7:41am ET)Biden’s Taiwan statements are now being presented as yet another high stakes moment wherein the ageing president “misspeaks” – according to Bloomberg.

* * *

While on a visit to Japan to meet with Prime Minister Fumio Kishida, President Joe Biden said that American troops would defend Taiwan if it came under attack from China.

“You didn’t want to get involved in the Ukraine conflict militarily for obvious reasons. Are you willing to get involved militarily to defend Taiwan if it comes to that?” a reporter asked Biden during a news conference. “Yes,” Biden replied.

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Five Warning Signs the End of Dollar Hegemony Is Near… Here’s What Happens Next, by Nick Giambruno

The dollar may lose its place, giving way to the ultimate money: gold. From Nick Giambruno at internationalman.com:

It’s no secret that China and Russia have been stashing away as much gold as possible for many years.

China is the world’s largest producer and buyer of gold. Russia is number two. Most of that gold finds its way into the Russian and Chinese governments’ treasuries.

Russia has over 2,300 tonnes—or nearly 74 million troy ounces—of gold, one of the largest stashes in the world. Nobody knows the exact amount of gold China has, but most observers believe it is even larger than Russia’s stash.

Russia and China’s gold gives them access to an apolitical neutral form of money with no counterparty risk.

Remember, gold has been mankind’s most enduring form of money for over 2,500 years because of unique characteristics that make it suitable to store and exchange value.

Gold is durable, divisible, consistent, convenient, scarce, and most importantly, the “hardest” of all physical commodities.

In other words, gold is the one physical commodity that is the “hardest to produce” (relative to existing stockpiles) and, therefore, the most resistant to inflation. That’s what gives gold its superior monetary properties.

Russia and China can use their gold to engage in international trade and perhaps back the currencies.

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After the NATO War is Over, by Batiushka

After the war is over, the world will be looking at a new type of order. From Batiushka at thesaker.is:

Make no mistake about it: The tragic war that is currently taking place on Ukrainian battlefields is not between the Russian Federation and the Ukraine, but between the Russian Federation and the US-controlled NATO. The latter, also called ‘the collective West’, promotes an aggressive ideology of organised violence, a politically- economically- and militarily-enforced doctrine euphemistically known as ‘Globalism’. This means hegemony by the Western world, which arrogantly calls itself ‘the international community’, over the whole planet. NATO is losing that war, which uses NATO-trained Ukrainians as its proxy cannon fodder, in three spheres, political, economic and military.

Firstly, politically, the West has finally understood that it cannot execute regime change in Moscow. Its pipedream of replacing the highly popular President Putin with is CIA stooge Navalny is not going to happen. As for the West’s puppet-president in Kiev, he is only a creature of Washington and its oligarchs. A professional actor, he is unable to speak for himself, but is a spokesman for the NATO which he loves.

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The lockdown in China: if the powerful are doing something that looks stupid, is because whatever they’re doing IS actually stupid, by Ugo Bardi

It’s tempting to ascribe every bad outcome to the nefarious plotting of conspirator. However, bad outcomes are often the result of good old-fashioned stupidity. From Ugo Bardi at thesenecaeffect.blogspot.com:

I received several comments on my post “The Shanghai Lockdown: a Memetic Analysis,” and I think that some were so interesting to be worth reproducing in a full-fledged post. The first comment comes from an anonymous commenter living in China. It seems to me believable, and also consistent with my interpretation. In practice, the Chinese were (and are) not the only one who are conditioned by factors such as avoiding a loss of face. Italians did the same during the lockdowns of 2020 and 2021. There seems to be an enormous psychological problem that when you discover that you have been conned, you don’t want to admit that. It makes little difference if you are Chinese, Italian, or another nationality. There follows a comment by “Mon Seul Desir” on which I fully agree. So much that I used it in a condensed version for the title of this post. When something looks insane, most likely, it IS insane. (UB)
 

A comment on “The Shanghai Lockdown: A Memetic Analysis”
by “Anonymous”

I am in Shanghai. I have been living here since 2007. I can read/speak Chinese at a high level of fluency. I also travelled extensively in the country.

There is something that most foreign analyst do not grasp: the Chinese Mind (the “collective subconscious” if you wish.)

-The Chinese Mind likes to be seen in the Struggle doing things to fight in the Struggle (no matter what the Struggle is, whether those actions give tangible results or not, at least they make great photo ops for the media.)
-The Chinese Mind is hive-like, it’s blindly obedient, and it lashes out at the “Enemy” (whether real or imaginary)

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Terror from Balochistan: a Menacing Tool to Disrupt Sino-Pakistani Economics, by Pepe Escobar

The U.S. Deep State would like so roil things in Pakistan that it disrupts the entire Chinese and Russian led economic integration of Eurasia. From Pepe Escobar at unz.com:

This is the concise story of how a suicide bombing may carry the potential to subvert the whole, ongoing, complex process of Eurasia integration.

Recently, the Balochistan Liberation Movement (BLA) had released an ISIS-influenced video threatening “Chinese officials and installations” in Pakistan’s vast province.

Yet what actually happened in late April was a suicide bombing outside of the University of Karachi’s Confucius Institute – not Balochistan – and targeting Chinese teachers, not “officials and installations.”

The suicide bomber was a woman, Shaari Baloch, alias Bramsh, who detonated her vest just as a van carrying Institute staff members approached the entrance. The attack was claimed by the BLA’s Majeed Brigade, which stressed that this was the first time they used a female suicide bomber.

Shaari Baloch was a schoolteacher with a Zoology degree, enrolled to pursue a second Master’s degree, married to a dentist and professor at Makran Medical College in her hometown of Turbat, in southern Balochistan. Her three brothers include a doctor, a deputy director at a government-funded project, and a civil servant. So Shaari Baloch was far from being a mere destitute online-indoctrinated Salafi-jihadi.

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Collapse Is Happening Before Our Eyes, James Rickards

The dollar as the reserve currency is slowly falling apart. From James Rickards at dailyreckoning.com:

Analysts and authors, myself included, have been warning about the collapse of the dollar as the global reserve currency for years. I described this prospect in my first book, Currency Wars (2011), and in several other books in the years since.

This process can take many years. For example, the decline of sterling as the leading global reserve currency played out over 30 years from 1914 (the beginning of World War I) to 1944 (the Bretton Woods conference).

Still, events today are playing out so quickly that the collapse is happening in front of our eyes.

It’s no longer a matter of a major event on the horizon; it’s occurring in real-time. Russia has just linked the ruble to gold at a rate of 5,000 rubles to one gram of gold. China is discussing with Saudi Arabia the prospect of paying for oil in yuan.

Israel is likewise considering taking yuan in exchange for its high-tech exports. China and Russia are creating new payments systems to avoid U.S. sanctions. You get the point.

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On Ukraine, the World Majority Sides with Russia Over U.S., by John V. Walsh

Most of the world has grown disgusted by the pointless war and regime-change antics of the U.S. government. From John V. Walsh at unz.com:

Russia pivots to the dynamic East and fast developing Global South

2014 saw two pivotal events that led to the current conflict in Ukraine.

The first, familiar to all, was the coup in Ukraine in which a democratically elected government was overthrown at the direction of the United States and with the assistance of neo-Nazi elements which Ukraine has long harbored.

Shortly thereafter the first shots in the present war were fired on the Russian-sympathetic Donbass region by the newly installed Ukrainian government. The shelling of the Donbass which claimed 14,000 lives has continued for 8 years, despite attempts at a cease-fire under the Minsk accords which Russia, France and Germany agreed upon but Ukraine backed by the US refused to implement. On February 24, 2022, Russia finally responded to the slaughter in Donbass and the threat of NATO on its doorstep.

Russia Turns to the East – China Provides an Alternative Economic Powerhouse.

The second pivotal event of 2014 was less noticed and in fact rarely mentioned in the Western mainstream media. In November of that year according to the IMF, China’s GDP surpassed that of the U.S. in purchasing power parity terms (PPP GDP). (This measure of GDP is calculated and published by the IMF, World Bank and even the CIA. Students of international relations like economics Nobel Laureate, Joseph Stiglitz, Graham Allison and many others consider this metric the best measure of a nation’s comparative economic power.) One person who took note and who often mentions China’s standing in the PPP-GDP ranking is none other than Russia’s President Vladimir Putin.

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