China’s Huawei Stealing U.S. Trade Secrets

A pedestrian walks past a Huawei Technologies Co. store on January 29 in Beijing, China. (Getty Images)

 

This troubling trend fulfills a specific Bible prophecy.

The United States Justice Department unveiled a list of criminal charges against the Chinese telecom company Huawei last month in the latest acknowledgment of China’s systematic theft of American intellectual property and trade secrets.

Most of the charges were related to Huawei stealing intellectual property from T-Mobile, including the firm’s proprietary phone testing technology. Court documents say Hauwei promised hefty bonuses to any employee who was able to gather confidential information on T-Mobile, encouraging them to send photos and spec sheets to Chinese officials. One Hauwei employee was caught stealing a proprietary robotic arm.

China Intensifies Efforts to Topple U.S. Dollar

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‘The pace of expansion has been explosive’ for China’s new yuan-denominated oil futures contract.

Less than a year after China launched an oil futures contract denominated in the Chinese currency, the contract is beginning to be embraced by global commodities traders.

The Chinese Communist Party has long desired to see the United States dollar sidelined and the Chinese currency, the yuan, take on a more central role in global finance. The latest major push toward that goal came on March 26 when China launched a new oil futures contract on the Shanghai International Energy Exchange denominated in yuan. Now the contract is finding increasing acceptance among multinational commodity traders, which could threaten the dollar’s position.

The German-American Relationship Illusion

Demonstrators march through Berlin to protest U.S. President Donald Trump on Jan. 20, 2017. (Omer Messinger/NurPhoto/Getty Images)

 

Germans see relations as negative; Americans see them as positive. What is going wrong?

Germans and Americans have very different ideas of the relationship between their two countries, according to a survey published by the Körber Foundation and the American Pew Research Center last month.

While 73 percent of Germans surveyed described relations with the United States of America as “somewhat bad” or “very bad,” 70 percent of Americans said that relations with the German Federal Republic were “somewhat good” or “very good.”

America’s Cyber Vulnerabilities

ISTOCK.COM/MONSITJ

 

Cyber is the newest branch of warfare. Even in its baby stages, it has the potential to cripple the United States.

On the afternoon of Dec. 23, 2015, Ukrainian engineers from a Prykarpattya Oblenergo power station stared at a computer screen while the cursor progressed on its own across the monitor. The mouse on the table had not moved. But the cursor hovered over the station’s breakers, each one controlling power to thousands of Ukrainian citizens. Then, with one mouse click at a time, the hackers now in control of the power station began shutting off power to hundreds of thousands of Ukrainians.

At the same time, Kyivoblenergo employees watched as dozens of substations shut down, one by one. In their case, there was no phantom mouse. A computer on their network that they could not locate was being used by someone to shut down the power—and there was nothing they could do.

Venezuela Publishes Oil Prices in Chinese Yuan, Snubbing the ‘Tyranny of the Dollar’

 

Could this trend lead to the erosion of the dollar’s reserve-currency status?

On September 15, Venezuela began to publish prices for its oil in the Chinese yuan rather than in United States dollars, following President Nicolás Maduro’s promise earlier in the month to rid the South American country’s economy of the “tyranny of the dollar.” News emerged on September 13 that Venezuela was telling oil traders that it will stop receiving or sending payments in dollars.

The Venezuelan Oil Ministry published a statement about the decision to publish prices in yuan, saying, “This format is the result of the announcement made on September 7 by the president [Maduro] … that Venezuela will implement new strategies to free the country from the tyranny of the dollar.”

Latin America: Front Line of Trade War

Caption: Demonstrators during a protest rally against Mexican President Enrique Peña Nieto meeting with President Donald Trump, in Mexico City on September 15, 2016. (ALFREDO ESTRELLA/AFP/Getty Images)

 

America’s new protectionism is forcing Latin America to seek new partners.

America’s influence in Latin America is decreasing, while the influence of other world powers in the region is growing. If it continues, this trend could destroy America.

Dominance of the Caribbean basin is integral to America’s safety and essential to its ability to project power globally. If a rival power were able to establish a significant presence in the Caribbean, it could threaten the American heartland. The Caribbean is also key to United States’ trade. The majority of all U.S. waterborne foreign trade travels to or from U.S. ports on the Gulf of Mexico. When you include goods traveling through the region from other ports, no other part of the world is more essential to America’s trade.

This is why more Americans ought to be concerned that foreign powers are rapidly moving into the Caribbean, as well into South America itself.

China—Superpower of the Future?

Caption: (iStock.com/chinaface)

 

China will take more than your manufacturing job.

China is a sovereign state in East Asia with a population of over 1.3 billion people. The nation possesses the world’s largest economy by some measurements, the world’s largest population and the fourth-largest territory.

These are the building blocks of a superpower. While the world anticipates China gaining superpower status, analysts debate on when and whether
its rise will be peaceful.

The Trumpet forecasts that China will continue to grow as a formidable power, combining its strength with Russia. Further, we forecast that it will play a major role in waging economic war that will devastate America.

Another Defeat for America’s Military

Skyrocketing costs and an aging military are conspiring to leave America vulnerable in unsuspected ways.

Over 70 percent of the surface of the Earth is water. Early in its history, leadership in the United States understood the vital importance of creating a strong, reliable naval force to protect our borders and trade. During the Reagan era, the U.S. Navy boasted a fleet of 600 ships. Today, 272 ships are deployable in combat and support assignments. There has been a 20 percent reduction in the number of usable ships since 1998.

With the explosive cost of new technology and ship building, difficult decisions must be made. There is only so much money available to maintain our force and build security for the future. We simply cannot afford a 600-ship navy, and many defense experts argue we don’t need that many due to weapons advancements and other technology developments.

The Silk Superhighway

Five years old, but vindicated, still quite relevant and accurate:

 

Who is China’s largest trading partner?

If you guessed the United States, you’re wrong. It’s the European Union.

If you got the first one right, here is another question: Who are the biggest exporters in the world? First place goes to the European Union. Second goes to China. Third would then go to Germany if it wasn’t already included within the EU. America comes in at a distant fourth place, followed by Japan.

The world has changed. Not long ago, America was both the largest exporter of manufactured goods and the world’s most important economy.

…

Yes, a shift is occurring—and it is titanic. Today’s global power centers of manufacturing and trade have swung back to Europe and China. The most important and lucrative trade routes are once again between the old world’s East and West. The modern Silk Road is swarming with the new merchants.