Is China Running Out Of Money?

(Russell Clark’s article direct from The HORSEMAN CAPITAL in November 2016.)

Since the global financial crisis, China has had a very strong currency, even with the recent devaluation of the Chinese Yuan. China has a managed exchange rate. The People’s Bank of China (PBOC) has had to step in to the exchange market to buy any USD coming into China.

To buy the USD coming into China, the PBOC has had to create CNY for this purpose. Typically, to soak up these new CNY, the PBOC has issued CNY bonds, as well as having very high reserve requirements on the banks to control the supply of CNY.

The PBOC is like any other bank, and it needs to match assets with liabilities. On the asset side, by far its biggest assets are foreign reserves. On the liability side are domestic deposits. For many years, foreign reserves were much larger than deposits, but now the gap is shrinking rapidly as foreign currency assets fall.

Battle of Mone-Koe (Mong-Ko) on Burma-China Border

(Articles direct from The IRRAWADDY & YE MOE FACEBOOK on 29 November 2016.)

Since 20^th November surprise attacks on the Muse Trading Post on Burma-China border by KIA-led Northern Alliance insurgents the nearby town Mone-Koe has been the scene of devastating battle and skirmishes between the defending Burmese army and the attacking ethnic insurgents.

Geographically the Mone-koe town is located right on the border line and surrounded by many hills of great heights ranging from 1,500 to 2,000 ft.  and the small town is down below in the valley. Since the beginning of hostilities on 20^th November the attacking Northern Alliance insurgents have held positions on six or seven hilltops overlooking the town and Burmese army defenders are holding their fortified positions on two low hills – Tactical Hill and Guard Hill - just outside the town.

Most of the town folks, the Chinese, have abandoned their homes and taken refuge in neighboring China while the rest, presumably Burmese and Shans, are now taking refuge in the army compound. Insurgents mainly in the town are relentlessly attacking the army while many insurgents on surrounding are blocking and thus preventing the army reinforcement from reaching the Burmese army units being trapped inside the town.

Somali Muslim Rammed & Stabbed OSU Students

(Staff article direct from The NBC NEWS on 28 November 2016.)

Somali terrorist shot dead at Ohio State University (OSU).

There were multiple reports of an active shooter on the campus of Ohio State University Monday morning, but as it turned out, it was a planned terrorist attack by a Somali refugee.

Shortly before 10 a.m., the suspect, reported in the age range between 18 and 20, jumped a curb with his car and plowed into pedestrians in front of Watts Hall at the Department of Materials Science and Engineering. When the vehicle came to a stop, the man leaped out and began a random stabbing spree with a butcher knife. Within a minute, a campus officer was on scene and neutralized the subject.

It is reported that the Somali man lived nearby the campus, but it wasn't clear at first if he was an OSU student. He is described as a “legal permanent resident of the U.S.”

At least nine people were reported injured, one critical, including stab wounds and being struck by the car. OSU sent out an “active shooter” message to students just after the attack, telling them to “Run Hide Fight.” The shelter-in-place directive was lifted shortly after the scene was under control and the remainder of the day’s classes were canceled. Initial reports included a second suspect, but now officials are saying the refugee acted alone.

Burmese Army Ready To Declare Emergency & A Coup

(Staff article direct from The IRRAWADDY & MAH FACEBOOK on 28 November 2016.)

NAYPYIDAW — Burma’s military chief Snr-Gen Min Aung Hlaing discussed the provisions for a state of emergency and a potential military takeover of the country, amid an ongoing military conflict in northern Shan State and threats from Muslim militants in the west Burma.

It was the second time this month that the army chief mentioned the clause in Burma’s 2008 Constitution—which was also drafted by the military—that allows the military to stage a coup in the event of chaos and instability. The Constitution also reserves 25 percent of the seats in Parliament for military representatives.

In his speech at the National Defense College (NDC) on Saturday, the military chief justified the army’s continuing role in Burmese politics. The military is a stabilizing force on political and ethnic issues, he said.

KIA-Led Northern Insurgents Ambushing Cargo Trucks

(Translation of Ye Moe’s Facebook Pages on 26 November 2016.)

KIA-led Northern Insurgents of four ethnic insurgent groups – KIA, MDNAA, TNLA, & AA – are in disarrays as Burmese Army’s counter attacks has dislodged them from the strategic positions in Muse and Mone-koe they were trying to hold since their surprise attacks on the Muse Trading Post and the surrounds.

Mone-koe situations is almost back to normal as Burmese army reinforcements has broke through the insurgents and linked up with army units doggedly defending the Mone-koe town for more than a week now. But the insurgents are still in the town while Army, police, and People Militia are holding all strategic positions such as the Army-Hills and Police Station.

Battles are still going on in Man-hane-gyi and Kyukoke-Pangsaing areas. But army is in the control of situation as massive reinforcement from LID-33 and Eastern Command are pouring into the small area on the China border despite insurgents’ many attempts to ambush the incoming army reinforcement on the Lashio-Muse Federal Highway.

Indonesian Muslims Do Not Want To Live With Infidels

(Mark Durie’s article direct from The NEW ENGLISH REVIEW in November 2016.)

In Jakarta violence between protestors and police broke out Friday night, November 4, 2016 when an estimated 200,000 Muslims emerged from Friday prayers in mosques to rally outside the Indonesian President’s palace. Clashes with police led to tear gas being used on demonstrators, and Indonesia’s president, Joko Widodo, had to postpone his planned visit to Australia to deal with the crisis.

The crowd was calling for the arrest of Basuki Tjahaja Purnama, known as Ahok, the Chinese Christian governor of Jakarta, which is Indonesia’s capital and the largest city in the world’s fourth most populous nation. A video had gone viral showing Ahok referring in a speech to chapter 5, verse 51 of the Qur’an. He warned his listeners not to give credence to those who might try to deceive them with this verse or others like it.

Ahok has faced criticism before from hardline Muslims, who objected when he stood as Deputy Governor of Jakarta in 2012. Yet Ahok is very popular, and seems set to win the next gubernatorial election in February 2017. He previously took office as Governor in 2014 after Joko Widodo resigned his position as Jarkarta mayor to take up the Presidency of the nation.

72 Virgins Plus 4 More For ISIS Mosul Defenders

(Staff article direct from The RAYMOND IBRAHIM on 24 November 2016.)

The Houris: Islam’s ‘Sexual Superwomen’: Last month, when the battle for Mosul began, Islamic State “caliph” Abu Bakr al-Baghdadi reportedly promised four extra Houris (supernatural, celestial women designed for sexual purposes)—atop the other 72 promised by prophet Muhammad—to all jihadis who die (are “martyred”) fighting the infidel forces, according to Arabic media accounts.

Al-Baghdadi did this during an extra “fiery sermon” wherein he recounted 15 hadiths and three stories dealing with the Houris in the context of the original Muslim conquest of Mosul, circa. 637, at the hands of Muhammad’s companions (the sahahba). 

After promising his followers that “blood will run like rivers in the [forthcoming] battle,” al-Baghdadi declared: “All, without exception, will enter paradise as martyrs.  Moreover, you will enter paradise with four more Houris than other martyrs.  For just as you stand by me now, so will they stand by you, or under you, or above you, so that you might forget what will happen to you by way of violence, death, and degradation in this war.”

While it is easy to dismiss this report as a hoax (among other things, it doesn’t explain why al-Baghdadi thinks they will get four more heavenly concubines), the problem is that Islam—from its history and doctrines, to the exhortation of its leaders, from Muhammad to al-Baghdadi—is full of stories and enticements concerning the Houris.

Socialist Globalization: Obama's Dream

(Robert Wolfe’s article direct from The NEW ENGLISH REVIEW on February2014.)

When I was young growing up in New York in the 1950s socialism was still considered a respectable political philosophy. Communism was more or less banned and socialists were accused of an affinity with Communism but the socialist concept still had many advocates. There were socialist governments in Western Europe and many industries there had been nationalized in the wake of the Second World War.

Socialism in the United States was no longer a mass movement but the idea that government should play some kind of role in economic life was not seen as strange or unusual. Socialists differed on just how extensive this role should be but all agreed that “natural monopolies” like the railroad, phone service and electricity should be nationalized.

Times have changed. Today in the United States there are not only competing phone companies but competing mail and package delivery companies, in effect competing post offices. It has become an article of faith that so-called “private enterprise”, meaning large corporations, are more efficient and productive than anything the government can do.

France On The Verge Of Total Collapse

(Dr. Guy  Milliere’s article from The GATESTONE INSTITUTE on 24 November 2016.)

A topless protester at Paris Islamic
conference discussing how to beat
disobedient French wives.

France did not perceive it at the time, but it placed itself in a trap, and the trap is now closing. In the 1970s, the Palestinians began to use international terrorism, and France chose to accept this terrorism so long as France was not affected.

At the same time, France welcomed mass-immigration from the Arab-Muslim world, evidently as part of a Muslim wish to expand Islam. France's Muslim population has since grown in numbers while failing to assimilate. Polls show that one-third of French Muslims want the full application of Islamic sharia law. They also show that the overwhelming majority of French Muslims support jihad, and especially jihad against Israel, a country they would like to see erased from the face of earth.

"It is better to leave than flee." -- Sammy Ghozlan, President of the National Bureau of Vigilance against Anti-Semitism. He was later mugged, and his car was torched. He left. Villiers also mentions the presence in "no-go zones" of thousands of weapons of war. He adds that weapons will probably not even have to be used; the Islamists have already won.