China to Extend Military Control to Indian Ocean

The Chinese regime said it’s wrapping up its construction of artificial islands in the South China Sea, and all signs suggest its next big push will be into the Indian Ocean.

Conflicts are already surfacing. India was caught off guard in May, when the Chinese regime docked a submarine in the nearby port of Karachi in Pakistan. Close to two months later, on July 1, Chinese defense spokesman senior Col. Yang Yujin tried lightening the concern by saying the Chinese navy’s activities in the Indian Ocean are “open and transparent.”

The same day, a very different announcement was made by a senior captain from China’s National Defense University. He warned India, saying they cannot view the Indian Ocean as their backyard. Continue reading

US Losing Its Positions of World Power – Former US Military Official

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Wilkerson believes that the future of the US military power looks very pessimistic. In his speech to students at Lone Star College in Kingwood, Texas he said that shortly before their demise, empires concentrate on the use of military force as the alpha and omega of their power.

According to Wilkerson, empires also start to use mercenaries instead of regular soldiers when they are about to collapse. This was the case in Syria, when the US financed rebels and contributed to the deterioration of the situation. Continue reading

Can the renminbi beat the dollar for currency supremacy?

China’s planned launch of an international payment system to process cross-border yuan transactions in September will challenge the US dollar’s dominance in global trade and help Beijing build a leading role in Asian and global financial markets.

The greenback’s dominance in global trade and financial markets has begun to weaken because of the currency’s co-dependence with US military power, which is seeing structural changes.

American military power also ensures security at home and creates a safe environment that attracts foreign investment in US assets and bonds and a desire to hold the US dollar, which is accepted in most parts of the world. Continue reading