Posts tagged news
China increasing Saudi Arabia oil imports by 11% in 2013. Joint 10 Billion venture in Saudi Red Sea Coast. London begins Swaps of Yuan.0
Ever since the 2008 crisis, China has been positioning itself and it’s currency to be the Global Reserve Currency. The BRICS began trading in the Yuan between themselves last year. Australia is trading with China in the Yuan. China does things slowly but surely.
I have been writing about China and what they are doing the last couple of weeks. From the expectation of their demand for gold outstripping the supply by 2015, IMF using the words and confirming “Global Reserve Currency” for the Yuan, and China, itself using the words “Global Reserve Currency” for the Yuan. All of this information was just in the pass couple of weeks.
I found information in Arab news, China will be increasing their oil imports from Saudi Arabia this year by 11%. They will be importing 120,000 more barrels per day than in 2012 to be 1.17 million barrels per day, from Saudi Arabia.
To give you an idea what the U.S. imports from Saudi Arabia, I found that information here.
The U.S. imports approximately 1.319 million barrels a day (from Nov 2012 info) from them. In November, U.S. imports decreased 38 thousands barrels from the month before. Here are facts about Saudi Arabia and their oil business overall.
If you look at the numbers China is catching up with the U.S. in their imports of oil on a per day basis from Saudi Arabia. When you look a the numbers over all, you can see the U.S. has stayed steady and has had some declining oil demand compared to China having increasing oil demand.
Why look at all of this together? Why try and analysis what China and Saudi Arabia are doing?
To me, those two countries are the key to the dollar demise. They are countries to watch very closely and read in-between the lines in what new business and joint ventures they are doing together. To me the smart thing to do to know what may lie just ahead and to position yourself for the future by getting hints, is to dig into what is happening with China and Saudi Arabia.
Here are portions from the Arab News article: (this was written in December of 2012)
BEIJING: China’s crude oil imports from Saudi Arabia are likely to rise about 11 percent next year (2013), faster than this year’s growth rate, as refiners lift output in anticipation of an economic recovery and an increase in fuel demand, industry officials said.
China, the world’s second-largest crude consumer, is expected to buy about 1.17 million barrels per day (bpd) of Saudi oil next year, 120,000 bpd more than this year’s contracted amount. The figures are based on estimates by industry sources with direct knowledge of the supply situation.
China, which imports about 5.3 million bpd of crude a year, is Saudi Arabia’s third largest customer after the US and Japan. In the year to October, imports from Saudi grew 8.6 percent on the year to 1.06 million bpd, compared to growth of 12.6 percent in 2011.
China sees Saudi Arabia, the world’s top oil exporter, as a strategic partner capable of providing stable supplies, and the state energy companies of both nations are in a $10 billion joint venture to build a 400,000-bpd refinery on Saudi Arabia’s Red Sea coast.
China’s crude oil demand is one of the factors propping up global crude prices, at around $100 per barrel . This year, China’s oil demand is forecast to grow just 2.8 percent in its slowest pace in more than a decade, the International Energy Agency says, due to a slowdown in the economy, but there are signs of a revival next year.
Sinopec Corp, Asia’s largest refiner, would take in more than 80 percent of the total Saudi supplies to China. China’s No.2 refiner, PetroChina, and state-run Sinochem Corp, will use up the rest, the sources said.
“Sinopec’s imports of Saudi crude have been increasing steadily over the past years and are expected to rise further as Sinopec’s refining capacity will rise steadily over the next few years,” said one Chinese trader.
All of the countries are upset with the U.S. for printing dollars in the billions every month. There are currency wars happening around the world, even though countries came out of the G20 meeting in Russia this last weekend saying “No Currency war.”
“We have not seen any such thing as a currency war. We’ve heard currency worries, not currency wars,” IMF Chief Christine Lagarde said at the forum.
“I see no serious grounds for currency wars but the crisis made all countries fear national protectionism. Some countries attempted to heal the crisis with money printing and this lead to debt troubles.”
This makes analysts say that it’s too late to renounce currency wars as they are already in full swing, says Mikhail Delyagin, the head of the Institute of Globalization Problems.
“These wars are being waged for years and everybody seems to have forgotten about their main player – the US. America is great at devaluating its dollar and, thus, hampering other traders. It’s a zero or even a minus-sum game as this time a participant’s loss is greater than the other participants’ gain. And the main thing is that the participants keep changing places.”
China is making the Yuan a Global currency very slowly and here is a good explanation why.
“If the currency is regulated by the government not by the situation on the market it cannot function as a global currency in economic relations. In order to make it a global currency it is necessary first of all to turn it into a market currency. If it happens the Yuan rate will double in comparison with its current rate and the competitiveness of Chinese goods will see a drastic decline.”
They are positioning themselves for the Yuan to be a traded currency. Another major step was just taken in London this week.
A BANK of England pledge to help London become a global trading center for the yuan has stirred talk of a revival in the city’s fortunes, similar to the explosion of the US dollar market in the 1960s and 70s.
In what many bankers saw as a pivotal move, the central bank said last month it was ready ”in principle” to adopt a currency swap line with the People’s Bank of China, providing a two-way pipe to the city as the still-unconvertible yuan starts to emerge as a world reserve currency.
Britain would become the first major developed economy to install a currency swap line with China, replicating existing arrangements available for the dominant freely-traded currencies such as the dollar, euro and yen.
China has agreed swap lines with more than 15 other countries but these tend to be emerging economies that have natural resources or goods used in manufacturing to export. The list does not include major industrial powers such as the United States,euro zone countries or Japan.
However, in a deliberate push to internationalize the yuan, or renminbi, China has beendeveloping an offshore market for it, as a precursor to allowing global firms, banks andasset managers access to its domestic market.
So, are you reading between the lines here? London has just begun Swap lines with the Yuan. Last year the CME group began trading the Yuan in Chicago.
It is simply good sense to watch everything going on with China and the Yuan and to pay attention to all of their business in Saudi Arabia. The facts are… we are not going to be told a few months before when Saudi Arabia begins trading directly with China in the Yuan. It will be an overnight event/statement. It doesn’t seem that China is quite ready for the Yuan to be the total reserve currency at this time, but they are definitely working that way. When it happens they will have protections in place that will not blow up their trading balances around the world. They are very careful and know exactly what they are doing.
When they have everything in place, we will not be warned in advance. People in the U.S. will wake up, one Monday morning to the shock of the dollar being replaced around the world by the Yuan. That day the dollar will go “Zimbabwe.” It will be a catastrophic event in the United States as the rest of the world breathes easier and can use a ‘gold’ backed currency to trade with. But to those paying attention and not being distracted by the fake news on MSM, they will not be shocked and have already protected themselves for the eventual outcome.
People need to stay paying attention to what is happening in China. I will be watching every day for news out of that area and their trading partners to get hints on when the “Big” day will arrive for the Yuan. We will know that day, when Saudi Arabia makes an announcement about how they will continue trading oil and in what currency.
A little extra news tidbit from Russia…. the manipulation of Gold prices and how it is ready to surge.
For more detailed reports visit Sherrie at http://sherriequestioningall.blogspot.com/
The Associated Press | Posted: Feb 14, 2013 5:36 AM ET | Last Updated: Feb 14, 2013 11:29 PM ET
Carnival Cruiselines vice-president apologizes for ‘very poor’ conditions aboard Triumph
A cruise ship disabled for five nightmarish days in the Gulf limped under tow into port with more than 4,000 people aboard late Thursday, passengers raucously cheering the end to an ocean odyssey they say was marked by overflowing toilets, food shortages and foul odors.
“Sweet Home Alabama!” read one of the homemade signs passengers affixed alongside the 14-storey ship as many raucously cheered at deck rails lining several levels of the stricken ship Triumph. The ship’s horn loudly blasted several times on its final docking approach as some gave a thumbs-up sign and flashes from cameras and cellphones lit the night.
“Hello, Mobile!” someone aboard shouted amid the cheering. Some danced in celebration on one of the balconies. “Happy V-Day” read one of the homemade signs made for the Valentine’s Day arrival and another, more starkly: “The ship’s afloat, so is the sewage.”
A few dozen relatives on the top floor of the parking deck of the terminal were waving lights at the ship as it was carefully making its way alongside. Those about were screaming, whistling and taking pictures.
Hundreds gawked from dockside at the arrival at the Alabama cruise terminal in Mobile, the state’s only seaport, as the Triumph inched into port about 9:15 p.m. CT. It took six grueling hours navigating the 50-odd-kilometre ship channel to dock, guided by at least four towboats.
Up to five hours to disembark
And even once it is stable, it will take four to five hours for all the 3,000 passengers to be off, said Carnival senior vice- president of marketing Terry Thornton.
Passengers on board in texts and flitting cellphone calls described miserable conditions while at sea, many anxious to walk on solid ground. But for now, they waved towels at the throng at dockside and even motorists who stopped on the shoulder of major Interstate 10 near the port to watch the ship come in.
Carnival have the option of a seven-hour bus ride to the Texas cities of Galveston or Houston or a two-hour trip to New Orleans. Some also can stay in Mobile.
“I can’t imagine being on that ship this morning and then getting on a bus,” said Kirk Hill, whose 30-year-old daughter, Kalin Christine Hill, is on the cruise. “If I hit land in Mobile, you’d have a hard time getting me on a bus.”
Buses are standing by to take them to their next stop and Galveston is the home port of the ill-fated ship, which lost power in an engine-room fire Sunday some 240 kilometres of Mexico’s Yucatan peninsula.
It was the end of a cruise that wasn’t at all what it should look like in a brochure.
Thornton said the ship had been fully cleared by customs and U.S. Border Patrol, and that should speed up the process.
Carnival CEO Gerry Cahill apologized at a news conference.
‘Conditions on board were very poor’
“I appreciate the patience of our guests and their ability to cope with the situation. And I’d like to reiterate the apology I made earlier. I know the conditions on board were every poor,” he said. “We pride ourselves on providing our guests with a great vacation experience, and clearly we failed in this particular case.”
On Thursday night, dozens of chartered buses — with markings from Alabama, Louisiana, Mississippi and Texas — had gathered in Mobile. Carnival said 100 buses had been reserved and that it will cover transportation costs.
While the passengers are headed home, Triumph will be headed to a Mobile shipyard for assessment, Thornton said.
Earlier Thursday — four days after the 272-metre ship was crippled by an engine-room fire in the middle of the Gulf of Mexico — the more than 4,200 passengers and crew members suffered another setback with towline issues that brought the vessel to a dead stop for about an hour just when it was getting close to port.
As the vessel drew within cellphone range Thursday, passengers vented their anger.
Renee Shanar, of Houston, was on board with her husband, who she said has heart trouble. They were told they will be among the first to disembark, she said.
“I don’t believe them; they’ve been lying to us from the beginning,” Shanar said.
Disgusted by the foul air and heat on the lower decks, many passengers hauled mattresses and bed sheets onto the top deck and slept there, even staying put in a soaking rain. As the ship approached the coast, a slew of Carnival workers removed the bedding and took it downstairs.
“Today they cleaned the ship, they’re serving better food, covering up basically, but at least they’re making it more bearable,” said Kalin Hill, of Houston, who boarded the Triumph as part of a bachelorette party.
In a text message, though, she described deplorable conditions over the past few days.
“The lower floors had it the worst, the floors `squish’ when you walk and lots of the lower rooms have flooding from above floors,” Hill wrote. “Half the bachelorette party was on two; the smell down there literally chokes you and hurts your eyes.”
She said “there’s poop and urine all along the floor. The floor is flooded with sewer water … and we had to poop in bags.”
Carnival disputes accounts
The company disputed the accounts of passengers who described the ship as filthy, saying employees were doing everything to ensure people were comfortable.
Some travel agents said cruise prices and bookings have not been affected by the disabled Carnival ship, but others in the industry say it’s too early to tell.
Thelbert Lanier was waiting at the Mobile port for his wife, who texted him early Thursday.
“Room smells like an outhouse. Cold water only, toilets haven’t work in 3 1/2 days. Happy Valentines Day!!! I love u & wish I was there,” she said in the text message, which was viewed by The Associated Press. “It’s 4:00 am. Can’t sleep…it’s cold & I’m starting to get sick.”
No one was injured in the fire aboard, but a passenger with a pre-existing medical condition was taken off the ship as a precaution. In addition, the U.S. Coast Guard said in a statement Thursday that it evacuated a passenger who reportedly suffered a stroke.
Carnival said the original plan was to tow the ship to Progreso, Mexico, because it was the closest port, but by the time tugboats arrived, the ship had drifted about 145 kilometres north due to strong currents, putting it nearly equidistant to Mobile. It was also logistically easier for the company, which said costs were not a factor.
Carnival Cruise Lines has canceled a dozen more planned voyages aboard the Triumph and acknowledged the crippled ship had been plagued by other mechanical problems in the weeks before the engine-room blaze. The U.S. National Transportation Safety Board has opened an investigation.
Gulliksen said the Triumph’s recent mechanical woes involved an electrical problem with the ship’s alternator on the previous voyage. Repairs were completed Feb. 2, and the problem was not related to the fire, he said.
Passengers were supposed to get a full refund and discounts on future cruises, and Carnival announced Wednesday they would each get an additional $500 Cdn in compensation.
With files from CBC News
Next News Network covers various topics including the new “Riot” program that is designed to collect massive amounts of personal data from social networking sites, such as Twitter, Facebook and others. Also covered is the latest in drone and robotic technology.
By Neil Macdonald, CBC News
Posted: Feb 6, 2013
Some say U.S. president is waging a ‘war on whistleblowers’
In 2001, when Israel started killing militant Palestinian enemies (and, often, innocent bystanders) with missiles fired from helicopters hovering so high you could barely see them, foreign reporters were urged by the Israeli government to call the practice “targeted killing.”
Most of us, including many of my American colleagues, preferred the term “extrajudicial assassination.” We felt we were in the news business, not the euphemism business.
Today, 12 years later, the Washington Post carries a front-page headline about the U.S. drone program titled, “Targeted killings face new scrutiny.”
Yet another government document has been leaked, this time a so-called “white paper” in which the U.S. Department of Justice lays out the administration’s justification for killing American citizens it suspects of belonging to Al-Qaeda.
U.S. media outlets, it seems, are perfectly comfortable with the term “targeted killing,” now that it is a major tool for the Pentagon and CIA.
It’s also clear American media outlets are comfortable suppressing news the government does not want published. Today’s story reveals not just that the Americans have operated a secret drone base for years in Saudi Arabia, but that the Post, along with various other news organizations, have been keeping that fact to themselves at the government’s request.
History of suppressing sensitive information
It isn’t the first time such information has been suppressed. In 2005, bowing to the White House, the New York Times for months kept confidential the fact that the Bush administration had been carrying out warrantless wiretapping. The revelations eventually provoked Congress to pass a new law.
Reports on the U.S. drone program, also based on leaks, have described how Barack Obama’s administration has become ever more dependent on remote-controlled killing. Obama himself reportedly signs off personally on each target.
The American public has been largely unconcerned with the program, except when the person killed has been an American citizen. (The U.S., unlike many other countries, accords its citizens special protections from government intrusions.)
That is the focus of the latest leak. The “white paper” in today’s story appears under the arid title “Lawfulness of a Lethal Operation Directed Against a U.S. Citizen Who Is a Senior Operational Leader of Al Qaeda or an Associated Force.”
The term “senior operational leader” appears to be key. An American citizen who is a low-level fighter would appear to enjoy a legal immunity that does not extend to foreign nationals suspected of planning or involvement in attacks on Americans.
As the Post story rather dryly notes, “The number of attacks on Americans is minuscule compared with the broader toll of the drone campaign, which has killed more than 3,000 militants and civilians in hundreds of strikes in Pakistan, Yemen and Somalia.”
There is an accompanying article today on the astonishing fact that 54 countries, including Canada, have participated in or enabled the CIA’s “extraordinary rendition” program of sending suspected militants to be interrogated, sometimes under torture, in secret prisons and by totalitarian regimes worldwide.
Twelve years ago, reporters had a different term for that sort of thing, too: kidnapping.
Obama’s ‘war on whistleblowers’
All these hardened security measures were begun under the Bush administration. President Obama, who once denounced them and even, as president, ordered Bush legal memos be made public, has not just amplified Bush’s programs, but has begun vigorously hunting down and prosecuting officials who leak details.
And that is one initiative the American media is not so comfortable with.
Some are calling it Obama’s “war on whistleblowers.” Current Attorney-General Eric Holder has prosecuted more officials for leaking information to reporters than any of his predecessors since the Second World War.
The government has hunted down intelligence officials who leaked details of expensive programs to spy on internet traffic, wiretaps placed in the Israeli embassy in Washington and of Obama’s personal involvement in selecting drone targets.
The lawyer for one of those officials said Holder’s prosecutors “don’t distinguish between bad people – people who spy for other governments, people who sell secrets for money – and people who are accused of having conversations and discussions.”
Several news outlets have noted, rather acidly, that the administration seems fairly expert at leaking classified material that makes the government look good.
None of this makes Obama different from any previous president. It just demonstrates his ability to keep the nation’s media on board, and mete out punishment when they publish the wrong sorts of secrets.
Republished with permission
Sheriffs Speak Out – Will Not Support Unconstitutional Gun Laws
Spotted on http://www.lewrockwell.com/blog/
Canadian military has no immediate plans to replace knock-off electronics
Despite repeated government denials, CBC News has confirmed that some of Canada’s new Hercules military transport planes have counterfeit Chinese parts in their cockpits that could leave pilots with blank instrument panels in mid-flight.
Documents show the Canadian military has known about the bogus electronic chips in the giant Hercules C-130J aircraft since at least July 2012, but continued to hide the fact during a CBC News investigation months later.
The military continues to fly the new Hercs with the fake parts, and says it still has no immediate plans to replace them.
A 14-month investigation by the powerful U.S. Senate armed services committee concluded last year that counterfeit parts in the Hercules transports and other American-made military equipment are prone to failure with potentially “catastrophic consequences.”
Failure of the parts could leave Canadian military pilots flying blind, potentially in a combat zone, with no information on altitude, speed, location, fuel supply, engine performance or warning messages.
(Thomas Dishaw) More twists to the Sandy Hook narrative. On December 11 Google indexed the United Way website that offered condolences to the family’s of Sandy Hook.
Below is a excerpt from the December 11 united Way page. Don’t we all love a good conspiracy?
So is this a scary fact or an ugly hoax?
We all know, or should know, of the evils, health hazards and invasion of personal privacy posed when RFID technology is considered as a tracking and data warehousing method considered for humans, pets or livestock in general. The documentation of the health hazards such as cancer, tumors, etc. are well documented. For those not in the know regarding this technology I will include a short video with Katherine Albrecht at the bottom of this post.
What plans D.C. has for the 2016 elections is a mystery, as both Republicans and Democrats compete to out perform the other in voter fraud with many voters either have a home address at their local McDonalds or rose from the grave to vote at the poling locations.
This story caught my eye today from GhanaWeb.com covering the Ghana upcoming elections in 2016.
EC urged to deploy RFID for next election
The Electoral Commission (EC) has been advised to roll out a radio-frequency identification (RFID) scheme for Election 2016 to guarantee the integrity of and public confidence in the biometric registration and verification system.
Consequently, the next government should seek funds to support the EC to deploy information technology to run a credible, transparent, as well as free and fair general election.
Mr Haruna Iddrisu, the Minister of Communications, who gave the advice at the second Annual General Meeting (AGM) of the Information Technology Association of Ghana (ITAG) in Accra, stressed that the move had become necessary if Ghana’s electoral process was to be effectively driven by Information and Communications Technology (ICT).
He tasked IT professionals to make meaningful suggestions and recommendations to the EC to ensure that the electoral and democratic process was improved and further deepened.
Mr Iddrisu suggested that it should be made possible for all the polling stations in the 275 constituencies to be equipped with computers and other ICT tools to reduce cases of multiple registration and voting and other forms of electoral fraud.
He expressed optimism that an image recognition system would assist in giving meaning to the “one man, one vote” policy.
Full story located here: http://www.ghanaweb.com/GhanaHomePage/politics/artikel.php?ID=260748
As many people considered the last US presidential election a false illusion of choice, while many stayed home and chose not to participate in the process, a move as planned in Ghana would only reduce the traffic to the poles so that only those collecting their postal mail at McDonalds or those residing in their local cemetery would be casting ballots. But then, that may be the desired output from both wings of the welfare / warfare state bird of prey?