IMF Concedes Central Banks Are Doomed

 

The International Monetary Fund (IMF) has warned at the G20 summit in Hangzhou, China, that in the face of crises, the refusal to reform how things are functioning will lead to economic weakness in the global economy. “The latest data show subdued activity, less growth in trade and a very low inflation, suggesting an even weaker global economic growth this year,” the IMF told G20 leaders.

Indeed, we are looking at 2016 coming in as the fifth consecutive year in which global growth will be below the average of 3.7% which prevailed between 1990 and 2007. The IMF said: “Without strong political countermeasures the world could suffer a disappointing growth” for several years to come. Christine Lagarde told world leaders: “Even in the longer term the outlook remains disappointing.”

China and Saudi Arabia Strengthening Ties

China and Saudi Arabia Strengthening Ties Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman (L) is welcomed upon arrival in Beijing, China August 29, 2016. – See more at: http://www.trunews.com/article/china-and-saudi-arabia-strengthening-ties#sthash.yC6hcArW.dpuf

 

(BEIJING) – Saudi Arabia signed 15 preliminary agreements with China on Tuesday in sectors from energy to housing on a trip headed by Deputy Crown Prince Mohammed bin Salman aimed at bolstering relations with a top energy customer and trade partner.

China now has more surface combat ships than Japan

By commissioning more advanced destroyers and frigates into active service, China now possesses more surface combat ships than Japan, reports the Hangzhou-based Qianjiang Evening News.

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Zhang Ming, a Chinese military expert, told Qianjiang Evening News that only 24 of Japan’s 44 surface combat ships are advanced enough to compete with those 45 Chinese warships mentioned above.

New Syrian-Iranian chlorine bombs make mockery of US-Russian chemical accord and UN monitors

The household cleaning agent chlorine, in heavy concentration is purchased by Iran and and fitted with  detonators, to provide President Bashar Assad with a vehicle for cheating on his undertaking to surrender Syria’s chemical arsenal under the year-old US-Russian chemical disarmament accord. And Assad is indeed getting away with using chlorine bombs, with crippling effect, especially on children, every few days.

Nonetheless, Sigrid Kaag of the UN Organization for the Prohibition of Chemical Weapons said Saturday, April 19, that Syria had destroyed approximately 80 percent of its arsenal as agreed under the Kerry-Lavrov accord. At this rate, she said, Syria will have got rid of 100 percent of its chemical arsenal by the April 27 deadline.

The French President Francois Hollande admitted April 20, however, that the Syrian leader had continued to use chemical weapons on the front line, but he denied that definite proof had not been established.

Chinese Cities Coming to America

A Chinese Group Plans To Construct A 200 Acre “China City” In Michigan

A Chinese group known as “Sino-Michigan Properties LLC” has bought up 200 acres of land near the town of Milan, Michigan.  Their plan is to construct a “China City” with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.  Essentially, it would be a little slice of communist China dropped right into the heartland of America.

This “China City” would be located about 40 minutes from both Detroit and Toledo, and it would be marketed to Chinese business people that want to start businesses in the United States.  Unfortunately, this is not just an isolated incident.  In fact, Chinese companies have been buying up land and businesses all over the country in recent years.  There has even been talk of establishing “special economic zones” inside the United States modeled after the Chinese city of Shenzhen.  It was inevitable that the Chinese were going to do something with the trillions of dollars that they have made flooding our shores with cheap products.  Now they are rapidly buying up pieces of America, and many of our politicians are welcoming them with open arms.

The town of Milan, Michigan is a small farming community of only about 6,000 people, but big changes are coming their way.  The following is from a recent Dayton Daily News article about this new project….

A group of mainland Chinese known as Sino-Michigan Properties LLC paid $1.9 million for 200 acres of farmland on Milan city limits in purchases this year and in 2011, according to local officials and property records.

Unfortunately, the goal does not appear to be to integrate this new “city” into the existing community in and around Milan.

Rather, it appears that all of the new housing will be sold to people coming over from China.  According to the Milan News Leader newspaper, the new housing units “would be marketed to Chinese business people who want to start companies in the United States”.

In essence, we would be looking at a new Chinese city right in the middle of Michigan.

Doug Smith, senior vice president for business and community development for the Michigan Economic Development Corp., recently said the followingabout what the Chinese group plans to do….

“It’s a group that wants to build a China city, starting with housing over there in Milan”

Milan is not far from the University of Michigan in Ann Arbor, which is a very popular destination for Chinese students.  Apparently that is one reason why Milan was chosen.

This new project would be a Chinese community built by Chinese and specifically designed for Chinese.

But isn’t this supposed to be America?

Fortunately, the project does not have final approval yet.  It still must be approved by the two townships outside of Milan where the land is located.

For some reason, the Chinese seem to be particularly interested in this area of the country.

For example, a different Chinese investment group has been busy buying up chunks of real estate over in nearby Toledo, Ohio.  The following is from an article in the Toledo Blade on May 26th, 2011….

Dashing Pacific Group Ltd., which has already purchased the nearby Docks restaurant complex for $2.15 million, put its $3.8 million offer to buy the southern 69 acres at the Marina District in East Toledo back on the table for approval by Toledo City Council. Additionally, Dashing Pacific Chairman Yuan Xiaohong, in a letter signed in Hangzhou, said the firm wants a two-year option to buy the decommissioned Toledo Edison power plant property on the site.

So should we be alarmed that the Chinese are buying up pieces of America?

Well, if they simply wanted to enjoy living in America and wanted to integrate into the wider community that would be one thing.

But it is another thing altogether to start dropping slices of communist China inside of U.S. territory.

In a previous article entitled “China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho“, I discussed a potential deal that Sinomach (a company controlled by the Chinese government) was exploring with the government of Idaho.  The following is a description of that potential project from an article in the Idaho Statesman….

A Chinese national company is interested in developing a 10,000- to 30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport.

Full article: Chinese Cities Coming to America (Right Side News)