Submitted by Koos Jansen, BullionStar.com
Kindly be advised to have read my posts The Mechanics Of The Chinese Domestic Gold Market and The Great Physical Gold Supply & Demand Illusion before continuing.
In late December, ignoring the official Chinese monthly reserve data and instead using a dataset provided by China's FX regulator SAFE on cross-border RMB flows and on onshore FX settlements, Goldman calculated the true amount of Chinese FX outflows and found that Beijing has continued to mask the full extent of its capital flight, which in November spiked to $69 billion (well above the reported, currency adjusted number of $34 billion).
On Tuesday, in a surprising move confirming the ongoing pivot by the Philippines away from the US sphere of geopolitical influence, and toward the China-Russia axis, the Russian destroyer Admiral Tributs and sea tanker Boris Butomato unexpectedly arrived in the Philippines to conduct military training exercises in what the Russian media described as "an unprecedented navy-to-navy contact between the two nations."
Russian destroyer Admiral Tributs has docked at the Manila South Harbor
Submitted by Valentin Schmid vai The Epoch Times,
President-elect Donald Trump talks tough on China and has appointed trade hawks Wilbur Ross and Peter Navarro to key positions in his administration. He has threatened to slap a blanket tariff on Chinese goods, and he has spoken directly to Taiwan’s president, something previously regarded as a major diplomatic offense.
According to “Road to Ruin” author James Rickards, this is Trump’s way of opening the negotiations with China to reach a mutually beneficial trade relationship.
Submitted by Darius Shahtahmasebi via TheAntiMedia.org,
Notable American foreign policy critic and linguist, Professor Noam Chomsky, has stated numerous times that the United States’ power has steadily been declining since the end of World War II. As Chomsky notes, in 1945, the United States had “literally half the world’s wealth, incredible security, controlled the entire Western Hemisphere, both oceans, [and[ the opposite sides of both oceans.”