North Korea: Love Thy Leader

Kim’s Double-Breasted Jacket A colossal mass demonstration, well choreographed to the level of ballet but with tens of thousands of participants in the centre of Pyongyang completed and sealed an important and unusual political event…

China Quietly Prepares Golden Alternative to Dollar System: Dollar Hegemony in Question

China, as current chair of the G-20 group of nations, called on France to organize a very special conference in Paris. The fact such a conference would even take place in an OECD country is a sign of how weakened the hegemony of the US-dominated Dollar System has become. On March 31 in Paris a special meeting, named “Nanjing II,” was held. People’s Bank of China Governor, Zhou Xiaochuan, was there and made a major presentation on, among other points, broader use of the IMF special basket of five major world currencies, the Special Drawing Rights or SDR’s. The invited were a very select few. The list included German Finance Minister Wolfgang Schaeuble, UK Chancellor of the Exchequer George Osborne, IMF Managing Director Christine Lagarde discussed the world’s financial architecture together with China. Apparently and significantly, there was no senior US official present.

AMERICAN AGGRESSION AGAINST CHINA

A World Crisis Looms The American aggression against China continued Tuesday May 10th with the invasion of Chinese waters just off the Spratly Islands by an American destroyer as China’s limited stock of patience continues to run out. By sending their ships into Chinese territorial waters on the bizarre claim that they are exercising “their right of innocent passage” and that, the “United States will fly, sail, and operate wherever international law allows,” they are in fact claiming the right to go anywhere they want, anytime they want. They might as well claim the right to once again send gunboats up the Yangtze River bristling with guns and marines, for their passage through Chinese waters was not only illegal, because without permission; it was also certainly not “innocent” since the passage was meant to be a display of power and control, which is prohibited by the Law of the Sea Convention.