Culture of Life News

China Is Rapidly Surpassing Japan On Many Fronts

Asia continues to surge ahead despite the obvious signs of recession in the West. Thanks to continuing high energy costs, the imports from lower-cost countries will continue to boom until the buying virtually ceases in Europe and the US. China jumps one hurdle after another, the latest being the investment in research and science. China is now #2, the US is still #1 but this is mostly because we still attract Chinese scientists. The Japanese reliance of a super-weak yen may have brought market share but the price for this continues to worsen its position vis a vis China.
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German Trains No Longer Run On Time?

The End of Times is here! German trains are no longer punctual. Germany practically invented the entire concept of being on time, they were the stop-watch culture. I am half German and before I went to Germany, I thought I was hyper-sensitive about time. I was a slacker! My parents were terrifically punctual and even they were left in the dust by the time-sensitive German conductors and engineers. I have an amusing story about all this, of course.
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Japan/ China/ US Trade Dance of Death Continues

The goofy plan to use cheap Chinese labor to make the industrialists and financiers of the First World nations filthy rich is now beginning to backfire as I predicted way back in 1986. The Chinese understand money, they created fiat money, after all! And they know how to jujitsu Japan, Europe and America using their hard working masses as leverage. Just this last three months, all the economic scales suddenly tipped to China and they are now shooting upwards as the US and Japan play with creating depressions at home so they can prevent oil inflation. China is winning this battle of wits for obvious reasons: labor triumphing over monetarism.
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Naval Intelligence And US Foreign Policies

As China rebuilds its navy, as Russia renews all its mighty arms, as the dollar dies and Japan loses influence due to the dud yen, the balance of power is shifting! And this shows up in the military news. The US is still losing the war in Iraq, everyone is counting the days of the final helicopters taking off from the roof of the Green Zone embassy. Like Britain after WWI, the US decided after the Vietnam defeat, we would conquer even more of the world. This is bankrupting us.
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Treasury Secretary Now Says US Dollar Will Be Stronger

Paulson has to rush off to assure everyone that the US wants a strong, not weak dollar. But this is a lie. And so the world's monetary system continues to slide off the cliff as we continue to follow the path set by Greenspan and Bernanke. The US economy continues to contract even as China bouys up the US stock market. It seems the Dragon is no longer going to keep the dollar strong by putting excess cash away in FOREX reserves. Time for the US to change course. Japan just might change course. They must!
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Confusing Statistical Information Can Lead To False Stories

One of the readers here tipped me off to a story that turned out to be a false alarm. But the underlying information interested me enough to want to write an extensive article about number crunching, the Federal Reserve, the FDIC and the Treasury Department. The information about our dire banking situation is hard, sometimes, to understand, especially when the government agencies suddenly change their data banks or their tracking information.
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Basel II, Part II: The International Conspirators

Switzerland became the bankers of the world thanks to running a system that was totally screened from any nation or police force investigation. All dictators and traitors loved Swiss banks. Over the years, the Swiss have been slowly drawn into the international regulatory system and the destination of all money seeking privacy is now to islands owned by the Queen of England or tiny principalities of Europe where left-overs from the Middle Ages still rule. The Basel II rules are the latest in a long line of attempt at eliminating risk from investment banking schemes. All these attempts have failed in the past and economists cannot figure out why. I have a rule: all attempts at controlling risk increase risk. All attempts at a Concert of Nations always ends up in economic warfare.
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Housing Market In US Continues To Worsen

The housing market in the US continues to collapse. This mirrors Japan's housing collapse during the 1990s. Britain's housing boom is causing tremendous problems for its own people who have racked up historic debts in order to live. The economic downturn in the US is beginning to drag down England. Caterpillar's heavy equipment division suffers big losses. And the St. Louis Federal Reserve head tells the truth, amusingly. All the forces working to make the world economy, as far as the US and UK is concerned, to slow down, are continuing. Despite all attempts over here to talk it away.
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China's IMF Representative Battles IMF Head

Sometimes very small matters that barely make the news end up determining the fates if billions of people's lives. I sense the arcane banking accords, the Basel II understandings and the Pillar I, Pillar II and Pillar III developments are part of the triggering mechanism that is going to play a key roll in the coming financial and political confrontation of the depressed and dying US and Japanese economic systems. As I keep pointing out, the world's #1 and #2 economies cannot both be running dying currencies simulatneously without explosive results. Today, I am going to compare an interview with the head of the Chinese delegation to the IMF and the head of the IMF itself. Ouch! They tell totally different stories about negotiations!
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Japan's Right Wing CIA Rulers Might Fall In Election

Japan is about to have a rather significant election. The Liberal Democratic Party, an organization set up to rig the economy and the electorial process, is set to lose power. As the screenshot here shows, this important election is being nearly totally ignored in America. Indeed, there is this general news blackout concerning our top trade and industrial power rivals! Every little permutation with China is examined closely but Japan is increasingly occulted. Even the earthquake news from Japan is barely mentioned. But these events in Japan will have a very strong impact on the US!
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