The China Deception

August 30th, 2011

FAKE NEWS for the Zionist agenda

Jeff Orr
Infowars.com
August 29, 201

The current trend in the world of finance and politics is toward consolidation of power into the hands of a few large financial intuitions like Goldman Sachs. Over 40 US states have turned over control of unemployment payments to the largest private banks such as Bank of America, JP Morgan Chase, and Citibank. Recipients of benefits are often forced to have a bank account and a debit card at these banks in order to receive their benefits.

The state of Kentucky handed over control of all their revenues and financial transactions to these same banks which caused the global financial crisis. Handing over large accounts of public money are among the many gifts and support measures provided by US government entities to prop up and rescue too big to fail banks.

So how do these mega bank show their gratitude to the American People for throwing them a lifeline during the financial crises that began in 2008? A little known fact is that last year Citigroup, JP Morgan, and many other large international banks were engaged in promoting China’s renminbi currency to be accepted in place of the dollar in world commerce. The financial times of London ran an article on August 26, 2010 entitled “Banks back switch to renminbi for trade” which states:

“A number of the world’s biggest banks have launched international roadshows promoting the use of the renminbi to corporate customers instead of the dollar for trade deals with China. HSBC, which recently moved its chief executive from London to Hong Kong, and Standard Chartered are offering discounted transaction fees and other financial incentives to companies that choose to settle trade in the Chinese currency.”

“We’re now capable of doing renminbi settlement in many parts of the world,” said Chris Lewis, HSBC’s head of trade for greater China. “All the other major international banks are frantically trying to do the same thing.”

“HSBC and StanChart are among a slew of global banks – including Citigroup and JP Morgan – holding roadshows across Asia, Europe and the US to promote the renminbi to companies.”

These moves toward internationalizing the Chinese renminbi to replace the dollar would require approval from global corporate giants. Ironically the American icon McDonald’s became the first foreign company in the world to sell corporate bonds in renminbi.

CHINA IS TOP POLICY ISSUE FOR UNITED STATES

Considered unimportant to many, the pivotal political event for global politics this year was the Jan 2011 State visit to the U.S. by Chinese President Hu. US negotiations with China primarily concern the dollar’s competition with China’s currency, the fate of the dollar, and what will be the future world reserve currency. Leading into the January 2011 State Visit, the New York Times ran an article which discussed President Obama’s earlier 2009 Asia tour and its overall failure.

“In Seoul, instead of getting hammered on its currency, China managed to persuade Europe to join it in rejecting core elements of Mr. Obama’s strategy of stimulating growth before focusing on deficit reduction. In addition, several major nations accused the Federal Reserve of deliberately devaluing the dollar in an effort to put the costs of America’s competitive troubles on trading partners, rather than taking politically tough measures to rein in spending at home. The result was that Mr. Obama appeared on the world stage as a leader of a country losing ground to a rising China. Administration officials are determined that this will not happen during the visit to Washington this week.”

This ‘determination’ alluded to by Obama administration officials would evidence itself both in the Arab revolts and the harsh criticism of China during the Chinese President’s visit to Washington. The criticism came through top officials such as Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner. It is quite unusual diplomacy to openly criticize the policies of a head of state while they are concurrently a guest in your country. What was further unusual was the extent to which US Officials, corporate leaders, and political elites simultaneously attempted to make a powerful and friendly impression on the Chinese President. This seemingly contradictory policy was made mention of in a New York Times article.

“David Rothkopf, a national security expert who worked in the administration of President Bill Clinton, said: “There’s been this well-orchestrated and clearly well thought-out campaign, over the past two weeks, involving the secretary of state, Treasury, defense and commerce making strong statements regarding currency, the trade imbalance, human rights and China’s military stance.” He added, “So you’re welcoming the leader of the most important rival power in the world into the capital, and the way you pave his entrance into the city is laid with these four big thorny issues”

During the State Visit on Wednesday Jan 19th the Chinese President attended a meeting where he was surrounded by a large show of American corporate might. Such was actually an indication that the US was trying to mask its weakness and really needed something important from China. The list of executives in attendance was unprecedented and included all of the following:

* Steve Ballmer of Microsoft

* Lloyd Blankfein of Goldman Sachs,

* Jeff Immelt of General Electric

* Paul Otellini of Intel

* Ellen Kullman of Du Pont

* David Rubenstiein of Carlyle Group

* Aris Candris of Westinghouse Electric Corp.

* John Chen the former Sybase Inc. chief executive

* Muhtar Kent of Coca-Cola Co.

* Greg Page of Cargill Inc

* John Thornton of HSBC Holdings

* Andrew Liveris of Dow Chemical Co.

A d v e r t i s e m e n t

In spite of all the diplomatic shock and awe, the United States did not achieve what seemed to be its primary objective which was to have China eliminate protections on its banking sector and currency. Richard Adams of the UK Gaurdian presented a time-line of events and quotes from the State visit and press conference with the Chinese and American heads of state. The quotes of President Obama are a good indication of what the US was requesting from China in private discussions:

“The currency issue is a part of the problem, the RMB [renminbi] is undervalued,” says Obama, more bluntly. “President Hu has indicated that he is in favor of moving towards a market-based system,” …” but it’s not happening fast enough. Anyway, it will be a win-win for both countries once the renminbi floats”…

“We want to sell you all kinds of stuff. We want to sell you planes, we want to sell you cars, we want to sell you software,”

HENRY KISSINGER ON CHINA

Henry Kissinger continues to be an important figure on US policy toward China and has been for the last 4 decades. He was in attendance for the State Dinner with the Chinese President, and was reported to have also had a private meeting with the Chinese President. He has been influential on policy and in numerous appointments of the Obama administration. Dr. Kissinger released a book in 2011 entitled “On China” His writings and statement provide a great insight into what may be guiding present decisions on US military and foreign policy.

On Oct 12, 2009 Kissinger posted an article advocating that Obama has no real option but to support the Af-Pakistan surge which General Stanley McChrystal lobbied for. Obama ended up agreeing with this position. Carefully reading between the lines of one of Dr Kissinger’s articles we find clues as to why US has made such a large commitment and sacrifice in Afghanistan. He wrote:

“The special aspect of Afghanistan is that it has powerful neighbors or near neighbors—Pakistan, India, China, Russia, Iran”

In January 2009 just 8 days before Obama was inaugurated Henry Kissigner laid out his thoughts on the importance of China to the United States entitled “A Chance for a New World Order”

“As the new U.S. administration prepares to take office amidst grave financial and international crises, it may seem counterintuitive to argue that the very unsettled nature of the international system generates a unique opportunity for creative diplomacy…”

“The Atlantic partnership will need to work towards a common design if it is to survive….This is why the U.S. relationship with China is so central…What kind of global economic order arises will depend importantly on how China and America deal with each other over the next few years.”

IT’S ALL ABOUT MONEY AND BANKING

In the context of Dr. Kissinger’s assement, the promotion of the Chinese renminbi currency by JP Morgan, Citigroup, HSBC, and other western banks cited earlier makes perfect sense. The actions of these banks appears to be a preliminary good will gesture to China in hopes they will agree to share control of the renminbi with the ‘Atlantic partnership’ else share control over a new world reserve currency.

As Dr. Kissinger indicates, a deal with China on financial issues is required by interests in the United States. This seems to explain why U.S. political leaders have been tolerating the large trade imbalance with China and helping facilitate the transfer of American technology and manufacturing jobs to China.

But it seems the needed deal with China was not achieved during the State visit in January 2011. Since the carrot approach with China wasn’t working, it seems the stick approach was implemented. Tunisia, Egypt, Libya, and the other Arab revolts were a timely message to China that the Atlantic partnership will not go away quietly. China’s growing economic and political ties in North Africa and the middle east region were going to be undermined until Chinese elites came to the realization that they must make a deal.

Goldman Sachs played an integral part of the unusual State Visit diplomacy as evidenced by its reversal of position in calling on investors worldwide to pull out of China while the January 2011 State visit was underway. Facebook and Google played a key role in supporting the Arab revolts and the timeline of events is suggestive of a connection between the Chinese State Visit and the Arab revolts. The day the Chinese President left Washinton DC was the very same day Google Executive Wael Ghonim posted the Facebook call for a January 25 protest by Egyptians.

The underlying issue is that the Atlantic partnership is bankrupt and China believes that its currency deserves to be the new unit of trade in the world. The time is upon us where the US dollar can no longer be maintained as the worlds reserve currency. China holds the key to determining if the bankrupt financial institutions of the West will live or die. China is poised to become the new financial center of gravity in the world as the value of the dollar fades. Therefore China is holding the best cards in the game.

There is another factor that makes China vital to the Western powers. The Financial Oligarchical system of rule which dominates the Western world today thrives by occupying every country like China, which is both a military and economic superpower. It is those who control that system that want to gain a foothold in China. That is why we are seeing Arab revolts and a NATO war on Libya. It is for that agenda that the United States will continue to pay the heavy price for occupying Af-Pakistan, bank bailouts, transfer of jobs to China, and the flight of capital and industry out of the United States.

Changing the balance of power is what is needed and the ability to do so is within the power of everyday people. Abuse of power by banks with this China agenda is actually enabled by individuals who unconsciously deposit their money in them. State and local governments put trillions in public money in these same banks in the form of state reserves and pension funds. The solution to the problem is in the hands of individuals all over the world, not just in the United States. The most viable option for world peace and a global economic recovery is for people worldwide to move their money somewhere else. Remove trillions of dollars from the bad banks and instead use it to establish banks which invest responsibly and operate in the public interest. Start locally and start today.

This article first appeared on Jeff Orr’s blog, Money Changes.

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Comment Rules

41 Responses to “The China Deception”

Well, well, well. And now the worm turns. Corporate America was and still is totally reliant on the worthless dollar as a reserve currency and the bankrupt British Crown, but more importantly the world is no longer reliant on corporate America in any sort of a role — and most of all technologically.

Great article made my day. Ding dong, the wicked witch of the west is nearly dead.
gold / silver = safety net . I think when the meltdown mellows out and there is some sort of norm movement in a new money system , It will have its place . I would rather hedge my bets on that Vs paper cash in a bank. I know i have her the augment that government will try to take your P Ms.but they still have to find them.
Gold and silver is a store of wealth. Which do you trust more, gold or the toilet paper printed by the fed? I have been buying silver off and on since 1991 and I have not lost one thin dime yet. My only regret is not jumping into the dot com bubble; I could have really cleaned up, but I just didn’t give computers any respect, duh. The stock market is a suckers game. Only the big boys make real money, and they generally steal yours in the stock market. Right now it’s precious metals period.
People who think you can “talk” your way out of this when they knock on your door to evict you or cause some natural disaster is 1500 miles away and it might rain, are just in denial. I’ve been saying for years you WILL go with the United Nations troops who dont speak ENGLISH! NO ARGUMENT they dont speak english you go to the chinese owned american soil camp or have Automatic rifles sprayed through your home with your family inside. DOnt people understand the 2nd AMENDMENT was for LOCAL militias(neighbors with guns and guts). Single patriots are so effective against ARMIES. What we need are NEIGHBORHOODS of men and women with RIFLES who arent sissified and realize you fight and die OR suffer and die in prison camp. Your choices are becoming very limited,We are being drugged and sprayed so we just lay down and die like all the shrimp being leeched prozac. So you see with non english speaking 18 yr old BOYS on power trips with automatic rifles from CHINA or any other UN member country you either FIGHT and WIN or Fight and DIE, LAYING down is no longer an option for mysdelf and my family.
I knew this for months now. Just has us hooked line and sinker. RMB will be the new currency. Pathetic, ain’t it?
- What else did you expect? Do you really believe that the rest of the world would honor the dollar as a world reserve currency when it is nearly worthless? No one is putting the breaks on Bernanke’s dollar printing presses. They’re printing the dollar into oblivion, and now corporate America will sink with it unless they curry favor with other countries who are not bankrupt and have viable currencies in which they can trade! The RMB will probably wind up in a basket of viable currencies as a world reserve trading unit which will include Russia, Venezuela and other countries which have large amounts of oil and gold plus control of their own currencies.
  
  But I have news for corporate America, including Bill ‘eugenics’ Gates — the rest of the world doesn’t need your corporations and in fact it was corporatism which was a key factor in causing the demise of the dollar by corporate Wall Street gambling.
Look at all those so called U.S. corporations jumping to trade the Chinese renminbi.

Where is the slew of shills on this site that keep screaming about the evil politicians and the government, yet never scream about the evil banks and corporations that pull the puppet strings of our government ??

These corporations love the people so much; they made the people unemployed and still rob them of their unemployment money. Yet the dumb sheep still love the corporations and scream bloody murder at they dumb politicians that are only the scapegoats for the evil banks and corporations.

Run off sheepies, buy some corporate junk at Wal-Mart and Target, then chow on a poison burger from McD’s, then complain because you are unemployed.

Veritas vos Liberabit
hey china!?! whats the problem compensating for those lil things u guys call wangs?
China is an evil empire with the spirit of Antichrist. It will die and not rise again and soon.
I prophesy it.
- Oooh, now THAT’S evil sounding! Lol back of the line, cheeze breath. Keep huffing and puffing, ain’t no house to blow down, just a stack of cards…;)
  - Pomp and Circumstance,
    Do you think you are Jesus or God?
    - FIRST Read Brum (broom)Hilda, then read the two-thousand-year old Holy history book Bible! Revellations…
      
      Concordance search “pisseth up against the wall”
    - Brunhild, also spelled Brunhilda, Brunhilde, or Brunechildis, French Brunehaut (born c. 534—died 613
They really want to be able to block the paychecks when the labviruses are released and the martial law initiated…

Guess what in the EU alarmclocks and wristwatches are all radiocontrolled from a secret place – to make them more “precise”…

Of course these type of clocks are very trendy amongst mainstreamers…
- This is REAL and not a TV show! Hmmmm?
the US seems to be doomed economically! truth!
- Yes. Once chance maybe: Ron Paul.
  - Yes. Our only chance….Ron Paul…
    - No not our only chance. There are hundreds of thousands; maybe millions of patriots who are ready willing and able to deploy when called, and it will not be pretty.
- Would enjoy seeing Ron Paul take control of the country, but most likely the media will manipulate the masses to back Obama. It could be worse, it wasn’t Obama who sank us into war and debt, he is following a 25 year plan and promises are broken, and your not promised tomorrow. The best way to take advantage of the economic trouble is to profit in the system. It’s much more predictable to anticipate trends and profits as the system continues to break down. Some trades just become obvious. Any reason Mcdonalds just hit all time high today at $90.79 per share? PEOPLE ARE BROKE AND ITS ONLY GETTING WORSE Follow us – Thestocksnetwork.com
  - Beg for a dollar, make photocopies of these stories here then give them to anyone seemingly interested,…make them a friend, after…
….pretty easy to do this: if you get stuck with a big bank, in order to receive your benefits….just open up an account at one of your “stable” community banks [ check the bank’s portfolio…not in threat of FDIC siesure]…….. then once your benefit check shows that has cleared the bank………….transfer 90% or more to the community bank depending upon what the big bank requires to be your average balance to be held, without a penalty for going below their required ave. balance!!!!!
China is going to want payment soon… All the houses forclosed, will be used to pay them off. Since we can pay the debt, China is worried about the Fed, printing more money, reducing the value of the T-bills they are holding..They will end up taking all the toxic assets, houses the govt, is now owning.. Then start moving their people into the United States.. Eventually, we will have just as many Chinese, in America as Latio.. Once that takes place.. The American voter will be out numbered and will have lost everthing they own..Live in aptments, be made slaves to the China machine.
- It’s like when we came and took this continent from the native americans, except with chinks…I rest easy, doing nothing, because I know that we took it first. In a way, the life I lived was thanks to that rape. If they want to take me from my land, they merely spin the Earth beneath my feet so that I am out of the way. I remain affixed to my legacy, and focused on my future. Raped.
  
  God bless america the rape
all economies are fake; based on debt with its self.
resource based economy will kick some serious smack
- China has hard assets, all we have now are toxic assets.. They are the big boys now.. They don’t disclose all their assets..They have more Gold than anyone, it’s not all reported… They are taking over Hong Kong, soon they will take back Tiawan..Two to three years.. They are going to cut us off and colapse our markets…They will wait till their Navy is stronger.. They are all over Africa now.. One reason we are in Libya, etc.. Is to keep China from taking contacts away from these large corporations there.. Middle East will not play ball with us, because we have screwed them over to many times… China, on the other other hand does not care about political structure and will do the work for far less than American contractors..
In Ron Hubbard’s massive trilogy book “Battlefied Earth”, interstellar colonialism is ended only when a corrupt interstellar banking system is replaced by social banking working directly for the people, but it’s established only after a painful war destroys the older sytem. A warrior race had invaded the galaxies and seemed to be in charge cause they were the obvious occupiers, but behind them banksters and big business scammers were the real bosses.

And behind that, a subrace or the imperialists warriors were mind controllers who had turned their formerly good race into bloodthirsty bullies.
- LOL, thanks for saving me from reading that novel…though, now that you described the plot, it sounds kind of interesting.
  - In the movie the banking scam was not mentioned at all. Why?
    - The Scinetology center in my neighborhood went out of business. In it’s place they now have a pawn shop. How poetic, the mind controllers are selling everything.
    - Son;Dear Ben; The Pentagon has been writing authorizing only approved, by them, scripts for movies especially sit-coms, for years!
      The bankers were’nt mentioned because they only let certain cats out of certain bags when it applied to their programming timing logics of evil!
      
      Listen to Alex study his studies on mind control people control etc.
    - Subscribe study archives…?
      
      Listen at least once to each daily show 6 of 7 days a week!
Maybe it’s better. The greenback is dead! MCB
- Use the fiat greenback now to buy physical gold and silver. I recommend silver more than gold though. Peace Merrie.
  - I have been buying silver! Thanks for the Truth! Truth Monger! Aloha MCB
  - No matter if you have Gold or Silver, it will only go so far..Inflation will eat it up, we almost no groth..We have service oriented economy.. Think about the word “Service” we keep going down as we are, we will be servicing the Chinese, on our knee’s.. Some may like geting personal with their little Tea Bags.. However, it’s not for me… China is laughing, saying Ha Ha, you stupid American’s, we have more than a Billion little Tea Bag’s for you to Service….
    - Chinese will then be able to inscibe on their Chinese McDonald’s golden arches “Over One Billion Tea Bags Serverd ha Ha Ha…!”
    - Thing about Gold, once it goes up, it’s harder to sell.. The buyers in local market will give you 75% of market value… It will most likley stay high as long as the American productivity is down.. However, there will come a time. When you have to covert, to buy things you need.. When that happens you lose, because the cost of living keeps going up.. It still a gamble.. If any country dumps Gold into the market, like China recently did, the price takes a dip… China recently dumped more than. 100 billion ing to the market..Then you had the Bank of CIA dump Libyan gold to pay for their war needs..The market took a dip, twice… it’s recovering.. However, it can change..
  - Agree
- Merrie says:
  August 29, 2011 at 2:10 pm
  
  Maybe it’s better. The greenback is dead! MCB
  
  —————-
  
  You’re right about that, the dollar is completely worthless. Now watch the City of London owned corporations scramble like chickens with their heads cut off trying to figure out how their corporations are going to stay in business without the dollar. Frankly, does China need Coca Cola or Bill Gates? No, they don’t need any of them. The horrible truth is China doesn’t even need the elite’s oil! Bad news for the British Crown. Good riddance to bad rubbish! In fact this is GOOD news for all Americans who would fair a lot better as Chinese than as Americans.
  
  Way to go China! Congrats!
These walls of text make Steamy’s eye bleed