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Game over for the US...

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Post Sat Oct 17, 2015 9:21 am
Rampager Grand Duke
Grand Duke

Posts: 836
Slogan: MISSION ACOMPLISHED 21-05-2014 (signed and sealed)
China's middle class overtakes US as the world's largest
14 Oct, 2015

The US middle class, long considered a measure of prosperity, has for the first time been overtaken by China. A hundred and nine million people now make up China's middle class compared to 92 million in the US, says the 2015 Credit Suisse Global Wealth Report.
While the middle class grew at a slower pace than wealth at the top end, the report forecasts Asia will see the greatest expansion.

"The middle class will continue to expand in emerging economies overall, with a lion's share of that growth to occur in Asia,” said Credit Suisse CEO Tidjane Thiam in the report.

“As a result, we will see changing consumption patterns as well as societal changes as, historically, the middle class has acted as an agent of stability and prosperity," he added.

Credit Suisse defines the middle class in terms of a wealth band rather than an income range, in order to be more mobile to a temporary drawback such as a spell of unemployment.

While Europe and the US account for the majority of global wealth, CEO Thiam says "the growth of wealth in emerging markets has been most impressive, including a five-fold rise in China since the beginning of the century."

Accounting for a fifth of the world's population, China holds nearly 10 percent of global wealth, according to the report.
https://www.rt.com/business/318649-china-us-middle-class-credit/

Amazing...CHINA's booming and the us its collapse already changed things dramatically in less than a decade !!!
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That's real "CHANGE" !!!
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Post Sun Oct 18, 2015 6:50 pm
Rampager Grand Duke
Grand Duke

Posts: 836
Slogan: MISSION ACOMPLISHED 21-05-2014 (signed and sealed)
Defense official reveals China's plans to boost international peace
October 18, 2015

Addressing the 6th Xiangshan Forum, Vice Chairman of the Central Military Commission Fan Changlong unveiled a set of China's latest pledges to boost peace and stability in war-torn areas and China's neighborhood, such as the Southeast Asia.
In a keynote speech at the annual high-level defense and security event gathering of senior officials and leading scholars from around the world on Saturday, Fan said the Chinese military will implement the commitment and initiatives put forth recently by President Xi Jinping "in a down-to-earth manner".
In September, President Xi Jinping announced a range of Chinese initiatives to boost peace and security at the summit in New York marking the 70th anniversary of the United Nations.
Elaborating on China's future plans, Fan said that China will "speed up the building of an 8,000-troop standby peacekeeping force, and provide training programs to 2,000 peacekeepers of relevant countries in the coming five years.”
In accordance with the UN Security Council resolution, China will continue to carry out escort missions in the Gulf of Aden and offshore Somalia, he said.
In the Southeast Asia, China will "strengthen counter-piracy experience exchanges and cooperation with relevant countries in the sea areas of Southeast Asia and beyond".
"We will endeavor to improve the China-ASEAN defense and security exchange and cooperation mechanisms through consultation, explore the possibility of establishing direct telephone links, send liaison officers for security cooperation to the Chinese mission to ASEAN, and enhance multilateral defense consultation and coordination," he said.
Fan confirmed that China "will make active preparations for the joint training by using CUES (Code for Unplanned Encounters at Sea), joint maritime search and rescue and HADR excises with relevant countries".
As an important platform for security and defense dialogue in the Asia-Pacific, the Xiangshan Forum has been convened for five consecutive years.
Fan said the forum is "playing a significant role in exchanging views, enhancing understanding and expanding consensus".
China will carry further the positive outcomes and consensus achieved at the Xiangshan Forum, and put them into decision-making process and practice, so as to work with all countries to maintain regional security and stability and world peace, he added.
http://en.people.cn/n/2015/1018/c90883-8963420.html

Go CHINA free us from the warmongers and make this planet a better world !
THANKS !!!
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GO CHINA !!!...Make this planet a better and safer place !
THANKS !!!
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Post Tue Oct 20, 2015 9:44 pm
Rampager Grand Duke
Grand Duke

Posts: 836
Slogan: MISSION ACOMPLISHED 21-05-2014 (signed and sealed)
Chinese President Xi : AIIB Has Made Two Breakthroughs on Governance
October 20, 2015

Chinese President Xi Jinping said that the new Asian Infrastructure Investment Bank (AIIB) has drawn on the practices of existing multilateral development banks in many ways. It has also made some breakthroughs and explored new ways of operation.
The remarks were made as he conducted a written interview with Reuters on Sunday, in advance of his state visit to Britain.
He took governance structure as an example. “AIIB has, with reference to the common practice of multilateral development banks, set up a three-tiered structure, consisting of a board of governors, a board of directors and a management team. It has also put in place an oversight mechanism in line with the principle of transparency, openness, independence and accountability. It is specified in the agreement that the management team will be selected through an open, transparent and merit-based process.” He stressed this is a new principle not included in the constitution of existing major multilateral development banks.
Xi noted that another example is that the AIIB places no restriction on the procurement of goods and services from any country, and again this is not the case in the other regional multilateral development banks.”
“AIIB is an international financial institution whose rules of operation are decided by its members through consultation, not by China alone.” Xi said that China agree that the AIIB should fully draw on the experience and practices of other multilateral development banks, observe high international standards in terms of governance structure, operation guidelines, and human resources management, and ensure its professional and efficient operation as well as transparency and integrity.
He added that during the negotiation over the AIIB agreement, 57 prospective founding members acted on the principle of openness, inclusion, professionalism and transparency, and concluded a high-quality agreement text. A total of 53 prospective founding members have signed the agreement.
Britain was the first European country to sign up for membership of the new Asian Infrastructure Investment Bank (AIIB). Xi said that China commends and welcomes the UK joining into the AIIB. China are ready to work with the UK and all other prospective founding members to build the AIIB into a professional and efficient infrastructure financing platform to contribute to the development of Asia and beyond.
“China's initiative to establish the Asian Infrastructure Investment Bank aims to promote infrastructure development and connectivity in Asia and boost regional cooperation.” he said.
He noted that the AIIB prospective founding members are working on the specific operation guidelines in accordance with the agreement. The relationship between the AIIB and existing multilateral development banks is a cooperative and complementary one. The AIIB will engage in cooperation with them in terms of sharing expertise, capacity building and joint financing.
http://en.people.cn/n/2015/1020/c90000-8963999.html

The worldmap is colored red !!!
AIIB already pushed the old bankrupt worldbank, under american supervision, aside.
The big absent is the USA.
They will be very isolated and lose totally their hegemony on the financial front worldwide.
The us dollar (printed out of thin air by the fed) will lose definatily its status as reserve currency in the (near) future, which will accelerate usa its financial,economical,political and military collapse into free fall.
Now that Canada dumped its conservative government with their new elected one, the changes that even Canada will join the AIIB are becomming a real option too !
usa has a losing set of cards in its hand at his endgame.
The world's headquarters will move from new york to BEIJING.
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AIIB...the new WORLDBANK
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Post Thu Oct 29, 2015 11:30 pm
Rampager Grand Duke
Grand Duke

Posts: 836
Slogan: MISSION ACOMPLISHED 21-05-2014 (signed and sealed)
China, Germany agree deeper cooperation
October 29, 2015

BEIJING, Oct. 29-- China and Germany agreed to cooperate more as German Chancellor Angela Merkel visited Beijing on Thursday.
In the morning, Premier Li Keqiang held a red-carpet ceremony to welcome Merkel, who is on her eighth visit to China since 2005 in the capacity of chancellor, and then held formal talks with her.
The two sides agreed to maintain frequent high-level contact, promote exchanges in various fields, improve coordination on major international affairs and seek more common interests in diplomacy and security.
The two also agreed to try to coordinate their economic strategies more, as China is pursuing similar programs to integrating conventional industry and information technology.
"We need to adopt advanced technology and concepts from Germany," Li said, stressing that China offers a big market for the European economic powerhouse.
This year has been designated the Year of China-Germany Innovation Cooperation. Both sides will aim to create new growth points in investment, financial cooperation and tech.
Li called on the two countries to cooperate more in innovative development and modern urbanization as China encourages entrepreneurship to promote growth.
He also urged them to use work together to transfer their excess industrial capacity to developing countries.
Merkel said she has confidence in China's economy, believing the transformation of China's growth mode will provide new opportunities for Germany-China cooperation.
The two government heads also touched on other hot economic topics including the Asian Infrastructure Investment Bank (AIIB), RMB internationalization as well as cooperation between China and the EU.
Germany is excited to participate in establishing the AIIB, supports the RMB's inclusion in the International Monetary Fund's special drawing rights basket and backs China's application for membership of the European Bank for Reconstruction and Development, said Merkel.
She said Germany hopes China and the EU will sign a bilateral investment agreement at an early date, noting it is a prerequisite for a later China-EU Free Trade Agreement.
Li and Merkel further agreed to launch bilateral consultations on cyber affairs, boost local-level cooperation and expand people-to-people exchanges, especially among their young people.
They also exchanged views on Syria and the refugee crisis. Merkel spoke highly of China's efforts in dealing with climate change and preparation for the upcoming Paris Conference.
Following their talks, the two leaders witnessed the signing of 13 deals between the two countries, concerning finance, transportation, communication and healthcare cooperation among other fields.
Later on Thursday, China's top legislator Zhang Dejiang exchanged views with Merkel on cooperation between the two countries' legislatures.
President Xi Jinping is also scheduled to hold a meeting with her.
Accompanied by Premier Li, Merkel will pay a visit to east China's Anhui Province, Li's home province and one that has benefited from strong economic ties between Germany and China.
Li has invited Merkel to pay another visit to China next year, to co-chair the fourth round of bilateral governmental consultations. The third was held in Berlin in October 2014.
http://en.people.cn/n/2015/1029/c90000-8968800.html

Germany (and the rest of Europe) seeking more relation with CHINA in making MEGA-deals and trade and on the political front.
usa ...
On the same day sending a warship towards CHINA!!!
Hilarious...!!!
What those losers hope to achieve?
More failure & isolation from the rest of this planet?
Funny !!!
Attachments
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Thank you China !!!
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Post Sun Nov 15, 2015 11:26 pm
Rampager Grand Duke
Grand Duke

Posts: 836
Slogan: MISSION ACOMPLISHED 21-05-2014 (signed and sealed)
US blows through $18trn debt limit
16 Mar, 2015

On Monday, the US reached its legal debt limit of $18 trillion -more than the country’s entire GDP. Lawmakers will either have to again lift it, or attempt to cap spending.

As of March 12, the US Treasury reported federal debt at $18,114,324,000,000.00 in its daily treasury statement. This figure is above the statutory debt limit, which was extended by Congress through March 15 this year.

Treasury Secretary Jack Lew told Congress that the limit would be reached on March 16, and he also requested lawmakers raise the debt ceiling “as soon as possible,” in a letter written in early March.

Under current arrangements, the US government can keep running until October using so-called extraordinary measures, or accounting tricks to keep money flowing into government programs, according to the Congressional Budget Office.

Now that a new zenith has been passed, a fresh showdown between lawmakers and the President about America’s spending habits can be expected.

The US raised the debt ceiling to $17.2 trillion in February 2014, keeping the economy a safe distance from the so-called ‘fiscal cliff’. Before striking a deal, Republicans shut down the government in October 2014, which put many federal employees out of work for two weeks, and cost the economy an estimated $24 billion.

The US government is again left with the decision to raise its debt ceiling- the maximum amount of money it can borrow. If it isn’t raised, the country in theory could default. The debt ceiling, which has been around since 1917, has been raised over 100 times to accommodate the world’s largest economy’s ballooning budget.

Republicans and Democrats have long been viciously divided over how to fund the budget, and which programs the government can afford to fund.

The debt, largely foreign-held, is worrisome not only On Monday, the US reached its legal debt limit of $18 trillion -more than the country’s entire GDP. Lawmakers will either have to again lift it, or attempt to cap spending.
Tags
USA, Economy

As of March 12, the US Treasury reported federal debt at $18,114,324,000,000.00 in its daily treasury statement. This figure is above the statutory debt limit, which was extended by Congress through March 15 this year.

Treasury Secretary Jack Lew told Congress that the limit would be reached on March 16, and he also requested lawmakers raise the debt ceiling “as soon as possible,” in a letter written in early March.

Under current arrangements, the US government can keep running until October using so-called extraordinary measures, or accounting tricks to keep money flowing into government programs, according to the Congressional Budget Office.

Now that a new zenith has been passed, a fresh showdown between lawmakers and the President about America’s spending habits can be expected.

READ MORE: Demystifying the US debt ceiling: 5 things you should know

The US raised the debt ceiling to $17.2 trillion in February 2014, keeping the economy a safe distance from the so-called ‘fiscal cliff’. Before striking a deal, Republicans shut down the government in October 2014, which put many federal employees out of work for two weeks, and cost the economy an estimated $24 billion.

READ MORE:'Manufactured' crisis cost US $24bn -S&P

The US government is again left with the decision to raise its debt ceiling- the maximum amount of money it can borrow. If it isn’t raised, the country in theory could default. The debt ceiling, which has been around since 1917, has been raised over 100 times to accommodate the world’s largest economy’s ballooning budget.

Republicans and Democrats have long been viciously divided over how to fund the budget, and which programs the government can afford to fund.

The debt, largely foreign-held, is worrisome not only for the world’s largest economy, but for global markets, which are always put on edge when the debate comes up.
https://www.rt.com/business/241001-us-18-trillion-debt-limit/

usa its "debtceiling" has become the joke of this planet.
They can better forget their ceiling, soon it will be the floor!
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usa: dwelling on debt !
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