News & Analysis
Beijing and London – One World After All!
London Wants to Tap Chinese Currency Market ... Britain plans to turn London into a major foreign exchange trading center for the Chinese renminbi to benefit from faster growth in Asia while strengthening the city's position as a financial center in the wake of the banking crisis. George Osborne, the chancellor of the Exchequer, said during a visit to Hong Kong on Monday that he was working with Chinese and British banks to establish London as a new hub for the renminbi market. – Deal Book/NY Times
Dominant Social Theme: London seizes an opportunity within the context of making the City grow. Just business, you know.
Free-Market Analysis: Suddenly, having pushed Europe away, the City is eagerly embracing China, as we can see from the New York Times article excerpt above. Do you believe this, dear reader? We don't. To us it seems like one more step on the "long march" toward the much touted, elitist New World Order.
Too big a jump in logic? Follow our reasoning through the rest of this article. First of all, we have to question the New York Times' credibility. Myriad documents on the Internet now prove fairly conclusively that the Times is a kind of mouthpiece for the US Intel complex. What the CIA wants, the Times prints.
Of course, the CIA – to complicate matters – is not working for the US government or its "people" but for a tiny, elite clique of impossibly wealthy central banking families headquartered in London with arms in Rome, Washington DC and Tel Aviv.
The goal of this tiny group of intergenerational elites and their colleagues and enablers in the corporate, military and political world is to build global government, a seamless intercontinental sociopolitical and economic facility. In order to create such an ambitious paradigm, it is not enough to stitch European countries together. Asia and China must be brought into the fold as well.
The Anglosphere, as we call it, often does this by military means, by the way. Wars are the crucible, apparently, in which one-world government is forged. This would explain, for instance, the increasing obviousness of the phony Cold War, as well as the Korean and Vietnamese conflicts – which also included, at least to some degree, Cambodia and Thailand.
It is war that gives the West's massive mercenary forces the justification to bring to bear secret invasions and manipulations of various countries. It is war that allows the Anglosphere to destabilize regimes it does not favor while putting into power those with whom it can work in the future.
We think we see this not just in Asia, but in China, too. Well hidden in 20th century is at least the possibility that there was secret funding and encouragement for Chairman Mao and his takeover of China. This is basically a historical fact when it comes to the USSR. Why shouldn't it be the same for the Red Dragon?
The elites apparently always seek this kind of polarization. It is part of a larger Hegelian Dialectic that is intended to move free markets and freedom-oriented countries into a far more militarized posture. The Cold War basically put military powers in charge in both Europe and America. The questionable "war on terror" is now doing so again.
It is not enough, however, to create a war, or even a totalitarian society. Once the initial authoritarian state has been put into play, the inevitable "liberalizing" can begin. We have seen this now not just with the USSR, but with China, Cuba and even Vietnam.
Of course, the response will come quickly – Marxism doesn't work and the dictatorial elites running these countries have adopted a more businesslike approach to markets in order not to lose power. This is perfectly possible – but it is too neat. Too clean.
We've started to believe in Directed History, you see. That's the kind of history that seems real but is not. It is instead a kind of stage play. The power elite, having placed its disciples into every nook and cranny of the world's political system now stages elaborate fantasies for the masses.
It's been doing this for a very long time, perhaps a century, perhaps three – for however long the current conspiracy to create world government has been in place. (Or perhaps it's evolved.)
No matter. These fantasies are abetted by the West's bought-and-paid for mainstream media. We have long since concluded that every major article of this sort that appears in the "Mockingbird" media is a kind of lie. That goes for this latest story about London and Chinese currency.
If the New York Times is explaining that London and Beijing are to grow closer together for business reasons, we immediately look for another reason. In fact, this idea that China is an exploitable capitalist environment is laughable. No, in our view, China is verging on an economic meltdown that will make Europe's "sovereign crisis" look positively mild.
We have a lot of trouble believing it's real. In fact, we'd speculate it is the most blatant kind of elite dominant social theme. These fear-based promotions are intended to frighten (mostly) Western middle classes into giving up wealth and power to specially prepared globalist institutions like the UN, IMF and World Bank.
In this case, we would tend to believe that the REAL plan of the central banking families that run the world's central banks is merely to use this "promising" currency gambit as a way to stitch communist China more closely into the West's emerging authoritarian environment. Here's some from the article:
"London is perfectly placed to act as a gateway for Asian banking and investment in Europe, and a bridge to the United States," Mr. Osborne said in a speech to the Asian Financial Forum in Hong Kong. "This is not just an accident of time zone, or our language, although both are important. It reflects London's strength in product development, its regulatory structure, and the depth, breadth and international reach of its financial markets."
The pledge comes as Britain is increasingly feeling the effects of an economic slowdown across Europe, and some British banks have threatened to move their headquarters abroad in light of stricter financial regulation. The government hopes that steps toward creating a Chinese currency hub in London will help strengthen the city's role as a financial center vis-à-vis New York and Hong Kong, while helping Britain attract Chinese investments in other sectors, including infrastructure.
Mr. Osborne said London was already the largest foreign exchange market in the world, adding that the growing use of the renminbi would "bring substantial benefit to Chinese economic development and the wider world economy." The Chinese currency's share of the global foreign exchange market was 0.9 percent in June last year, Mr. Osborne said. That compares with China's share in worldwide trade of 11 percent in 2010. "It is clear that there is scope for substantial expansion of the renminbi market in the coming years," Mr. Osborne said.
The article also points out that as a "first step to expand the currency trading," Hong Kong is expanding its renminbi settlement system by five hours. China, it is noted, has been using its currency more in international trade to reduce its reliance on the dollar.
And that's really the bottom line, after all. The elites are doing everything they can, in our view, to loosen the hold of the dollar as the world's reserve currency. Having created the dollar reserve system by ensuring that the Saudis will not take currencies other than the dollar, the power elite is now actively undermining the world's financial system in preparation for a global currency.
Take a step back, please, and look at the larger trends. The BRICs suddenly appear to compete with the US and Europe. But how does this competition take place? It uses the West's paradigm of central banking to juice economies. And then it uses Western corporate knowhow to expand economies. US corporations basically shift their operations out of the West and into the developing world.
All this, it is claimed, is merely the destructive creation of capitalism in play. We'd believe it if the world's economic system had some semblance of a free market. But it doesn't. These corporations, like the central banks that fuel them, are beholden to an elitist command-and-control system. They are not nearly so exposed to competition as they'd like to claim.
People are suggestible. If one has enough money and enough power, it is not hard to create levers that can move the world. If nothing but Coca Cola is on a supermarket shelf, people will drink Coca Cola. If the elites want to create a global monetary system using, say, IMF SDRs, then it will surely be a possibility.
We do believe that some sort of global currency is in the works. What we don't believe in is the way that it will "evolve." The elites would do better simply to declare the plans they have, though of course it's probably not that easy. In fact, the Internet era, as we have long pointed out, is making it far for more difficult for them to stage these kinds of takeovers.
Conclusion: So there is opportunity for the Chinese and British elites to do business together. The last time this occurred, the English basically doped-up half of China. We hope for a better conclusion this time around. But we doubt it.
Posted by steveg on 01/17/12 04:22 PM
Posted by dave jr on 01/17/12 12:37 PM
"The US will likely lose as history shows us economic power almost always overcomes military power,,, unless the US voluntarily straightens it's economic house it's a done deal."
I'm not convinced China's economic power is really their own. Alas, the outcome would be predetermined.
Posted by kenn on 01/17/12 11:11 AM
China is about as communist as the US is democratic. Both are now Fascist. Both are tyrants. Both want world domination. The US will likely lose as history shows us economic power almost always overcomes military power,,, unless the US voluntarily straightens it's economic house it's a done deal.
You are correct. The US delayed shipments of weapons to the Nationalist China (then the official government). The US also fired their best General because of his sympathies toward the Nationalist government. All this guaranteed the Red Chinese win. In 1971 the ROC was booted from the UN. Technicalities prevented the US from using it's veto (of course)...
The ROC like S. Vietnam was abandoned by their ally, the US. Of course the US elite still enjoy selling their military wares to the ROC.
Posted by dave jr on 01/17/12 09:48 AM
I have to wonder if they are getting ready to unpeg the renminbi from the USD. This would touch off a large amount of pent up inflation in the US, and China would have to rely on trade with Europe a little more heavily.
Posted by speedygonzales on 01/17/12 08:51 AM
... These event were enough to force Lenin to permit Stalin to attend the Socialist Democratic Party meeting in London in 1907. Stalin was jesuit.
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The Jesuits promoted heavily the growth of their wholly owned port of Nagasaki, to one of the most profitable trading ports in the world. Jesuit ownership of the port of Nagasaki gave the Society a concrete monopoly in taxation over all imported goods coming into Japan.
In response to the Portuguese seeking to restrict the Jesuits in Japan by arming their enemies, General Claudio Acquaviva formed an alliance in 1595 with the Dutch in supporting their merchant ships and trade. In response to the new alliance, the English Parliament issued a charter granting a monopoly on the pirate trade alliance of the East India Company in 1600.
In 1602, General Claudio Acquaviva assisted the Jesuit merchants to gain a 21 year charter of monopoly from the States-General of the Netherlands to form the Vereenigde Oostindische Compagnie or VOC in Dutch, literally "United East Indies Company ( Dutch East India Company).
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Modern Macao - the Jesuit Gate Into China
Macao (Aomen), conquered in 1557 by the Portuguese, was the oldest European trade and missionary centre in China. In order to function in the
Chinese society the Jesuits had to identify with one of the social groups, therefore they chose the social group which was connected with religion - the Buddhist monks. As a symbol of a new life and identification with the chosen group, the missionaries began from changing their clothes - they were to wear Buddhist robes, shave their hairs and beards. Most of the
Chinese treated the transformed Jesuits as a fraction of Buddhists.(So we see roots If can not conquer,join it).
Making christianity state religion, Constantine surrended power to the priests and they made him saint.
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East India Company intelligence operative Adam Smith's Wealth of Nations spelled out the colonial looting policy against which the Founding Fathers rebelled. In that same document - as part of the same scheme to defend the Empire - Smith advocated a massive increase of East India Company opium exporting into China.
So the economic model is the same one that's always been in play for the ruling elite: use the poor people's money to steal their own land. You get the poor people to buy the drugs, using their money; you take that money to bring in more drugs, which destroys their property value, and then you steal it back...
Posted by speedygonzales on 01/17/12 07:44 AM
Soros: China Must Be Part Of The New World Order
Video was from '09 but very current with the economic situation today.
"You really need to bring China into the creation of a New World Order... a financial world order. you need a New World Order where China has to be part of the process of creating it... they have to buy in, they have to own it. "
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At 0:25 in he calls himself the "puppet master" and the "extreme left-wing manipulator"
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Posted by Joelg on 01/17/12 01:32 AM
Some of the travel guidebooks to Shanghai (perhaps Lonely Planet) mention a museum where Mao and the first Communist party Congress met in 1923. I believe in the British zone, which like in the French and American zones Chinese law and sovereignty was overridden and did not apply. So, these foreign zones from the Opium War days were places where criminals and the Communists could gather in safety to make their plans. Sanctuary zones. Whether or not it was directed history or a by-product of British schemes to get their silver and gold back from China is another question.
In a way, not much different than the way Bush II's minions more recently ran things in Baghdad (e.g. the private security contractors; U.S. military immunity to Iraqi laws). Perhaps not coincidently, it was prominent American families (Bushes and Lodges among them; but that fact needs checking) that ran the hugely profitable opium into China so the British could maintain plausible deniability. The British war ships either looked the other way or provided covert support, while these American families got rich, the Chinese got addicted, and Chinese sovereignty got overridden to get the gold and silver back to Europe.
As the Daily Bell rightly mentions, it was about breaking China. The British were losing all their silver and gold buying Chinese porcelains, textiles, etc., and did not have any products the Chinese wanted to buy. So to get the gold and silver back, the opium addiction was fostered through these foreign zones where the Brits et al. ignored the Chinese anti-drug laws and got their gold and silver in exchange for opium. I think the Chinese have learned a few things since then. So I would not look for an exact repeat.
No doubt these London banking schemes bear watching for more clues. Good work, Daily Bell. And thanks eturner, for jogging the memory cells.
Posted by tradewithdave on 01/17/12 12:15 AM
Readers may be interested in a piece I wrote on the blog about Mervyn King, governor of the Bank of England's plan to set up a divorced currency. Utilizing the HKMex, the Pan-Asian Gold Exchange and this new Renminbi/Gold trade, they have configured a work-around for Dodd-Frank that allows for tremendous intraday leverage.
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Posted by jthompson on 01/16/12 11:24 PM
maybe the Chinese can sell them some of that opium back? history rhymes. Maybe the Chinese can put the sterling back in the pound for them. Seems there is a lot of history between the brits and the Chinese. I do think the Chinese finally have some upper hand. Not completely though.
We all have issues with letting others define us. For instance, the 99% ows allowed the 1% to define them as jobless lazy people. The message was always, the 1% are lawless thieves who rig the system to steal. The 99% are law abiders being robbed. yes, the system is not broke - it is fixed.
The Chinese need to learn as the western societies are still the best at the old Chinese war theme of - war by deception. This war is not over by a long mile. The shooting has not started yet. It ends with the western societies taking some of their own meds. Not much sport in shooting Muslims who have minded their own business and suffered through a bunch of lies / Read about Cyrus Scofield if you want to know how Israel really got it's boost. If Christ came by way of a virgin / then Cyrus is a real stretch for them - then that story came by virtue of a thief and swindler. man, religion is fun. no matter what - you never run out of material.
Posted by Danny B on 01/16/12 11:09 PM
London wants to tap Chinese currency markets. No doubt Batman. GB is crashing far worse than the Eurozone. They'll be happy to get money from ANYONE. GB's GDP has already shrunk 20 %.
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Never doubt that the Chinese can read English. They can read this;
"don't let's forget the over-600% debt to GDP ratio just for Britain's financial sector fall in UK GDP in 2007-2010 was $562 billion compared to the next worst performing national economy, Italy, with a decline of $65 billion - i.e. the decline in UK GDP in the common measuring yardstick of dollars was more than 8 times that of the next worst performing national economy"
"the fall in UK GDP in 2007-2010 was $562 billion compared to the next worst performing national economy, Italy, with a decline of $65 billion - i.e. the decline in UK GDP in the common measuring yardstick of dollars was more than 8 times that of the next worst performing national economy"
Like Italy, GB has an outsized debt in the financial sector.
The Chinese have no interest in being the "stupid money".
The "gilts" are gilded with fools-gold.
The Anglosphere may want to ride to power on the coattails of the IMF-dollar but, the city of London has to survive that long.
Posted by Don from the Republic of Lakotah on 01/16/12 09:05 PM
"If nothing but Coca Cola is on a supermarket shelf, people will drink Coca Cola."
If nothing but high fructose corn syrup in a variety of colors, flavors, and brands is on a retail shelf people will drink high fructose corn syrup. If nothing but dollars in a variety of denominated securities and pegged currencies are offered for investment, people will invest in dollars.
Posted by Chasvoice on 01/16/12 07:03 PM
World Governance by The Rothschilds - Schematic chart
Click to view link
Posted by laceja on 01/16/12 06:54 PM
Not such a tough call. The supply of opium is somewhat limited!
Posted by eturner on 01/16/12 05:42 PM
Regarding: "Well hidden in 20th century is at least the possibility that there was secret funding and encouragement for Chairman Mao and his takeover of China. This is basically a historical fact when it comes to the USSR. Why shouldn't it be the same for the Red Dragon?"
I thought it was "common knowledge" that the US had put Mao in power. I can't site a reference at the moment, but my recollection from reading history many years ago was that the US had betrayed Chaing Kai Shek at the end of the war. They sent him shipments of rifles with no bolts; then cut off the supply of arms altogether. That's why he and his followers fled to Tiawan. For almost a century now, the US government has been strengthening its enemies. We're being set up to take a big fall.
Posted by Bobby7 on 01/16/12 05:32 PM
Should I buy Sterling NOW?
Or should I buy Opium?
Its a tough call!
Posted by seer on 01/16/12 05:13 PM
"It's been doing this for a very long time, perhaps a century, perhaps three - for however long the current conspiracy to create world government has been in place. (Or perhaps it's evolved.)" I would think a little bit of both. When the British pound was in trouble Benjamin Strong ( US FED) did what it could to prop it up. Eventually after WWII this became impossible, The USA is now where Britain was at the end of the war. Corporatocracy has also been an ongoing phenomenon. It really "amped up" in the 1970s. In 1971 there were 175 registered lobbyists in Washington DC. By 1982 there were 2,500. The rallying cry for deregulation and privatization of everything produced higher costs for the masses at the expense of the greater profits of Corporations. Wages remained stagnant and debt rose thanks to new expanded credit. In 1980 Household debt in the USA was 2 trillion dollars, in 2008 it was $ 13.5 trillion. Households like the government maintained their status quo through deficit spending.Various multi-national Corporations and governments are investing all over the world. China and Saudia Arabia are buying farmland in Australia, The USA, and New Zealand and several foreign corporations are vying to buy fracking rights for natural gas within the USA. More than anything, this open market trading by foreign corporations in strategic and vital areas is most telling. Lastly the USA is the fastest growing population among all the industrialized nations due to its liberal immigration policies of the past 25 years. The Spanish minority is growing fast enough to overtake the traditional Western European nationalities by the end of this century. China is both direct in some ways and cunning in others, it is scrambling to fulfill its energy requirements which is impossible at 8 % growth. At this rate their economy will double every 8.75 years. Their imitation of Japanese capitalism will slow them down and their housing bubble may affect their populace but the corrupt leadership may be able to quell unrest with an iron fist. ( It has been doing this all along) Bottom line: Would you Trust a central Banker? It is like dealing with a Casino. The odds are always in favor of the House.
Posted by tawny on 01/16/12 05:03 PM
Another very good article, DB - good analysis and information.
Reported on infowars today that SOPA is being shelved - for now. I guess as of now, they lack the support to ram it through.
Here is an hilarious short expose of Romney's flip-flops on issues.
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Yes, the separate jurisdictions of City of London, District of Columbia, and the Vatican... I have before mentioned the theory that the US cities, counties, and states - and 'U.S. Citizens' - might have been brought into that D.C. corporate, private-law-masquerading-as-public law jurisdiction as franchisees, 'in corporate character.' I wonder if this now obscure/fringe theory will ever attract the attention and legal scrutiny it warrents.
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Also the implications of being under continuous on-going national emergency need to be explored. It makes the POTUS a dictator and makes all civil law optional. POTUS rules by decree.
If we don't even understand the legal jurisdiction(s) we are under, then we really are at a great disadvantage, and our ignorance is used against us.
Posted by Ichabod on 01/16/12 04:25 PM
Of course it's in the City of London. I've been to London but didn't know about the City of London. That's the defined area set apart. It's one of the three City States in the world: City of London, The Vatican, and Washington DC. They are not under the same laws. So when I heard Cameron say he would veto the EU bills unless the City of London was exempted it didn't surprise me at all. Later the news just referred to it as the financial district.
Yes, the financial district in within great London and it's true designation is the City of London. All the major banks are there, Lloyd's is there. That's where all the major folks who own the banking interests are protected. Who owns them today? Many of the same people who owned them originally I would suppose. But how would we know without an audit of the Fed? How would we know who owns the central banks without an audit.
Money from American citizens was given out to many of these folks. Do the citizens who paid the bill have a right to know who got the money? Not in the eyes of the recipients. That's for sure. The true insiders know. They are brought onto TV to tell the people how dangerous it would be to interfere. I've seen Buffet trotted out by Bloomberg numerous occasions. Wonder what his involvement is? He's worried. Many are getting hysterical. I would think so.
There's a Perception Management scheme at work to portray the congress as incompetent. There's been a Perception Management scheme operating full bore against Ron Paul for decades. No where was it more obvious than the results of the Iowa Straw Poll were released. It took comedian Jon Stewart to show what happened. Mass display of lack of journalistic integrity by all the major TV networks including Fox News along with the old dinasours of NBC, CBS,ABC, CNN.
News is getting out. (No pun intended.)
Posted by Trimergo on 01/16/12 03:59 PM
Concerning global (financial) governance, I came across a newspaper article explaining that today, Monday 16th, the PRIME Finance international financial tribunal was opened in The Hague, the "world's judicial capital."
This tribunal is meant to deal with judicial issues having to do with complex financial products and services like derivatives and credit default swaps.
Click on the link to go to their website and have them explain it to you: Click to view link
Reply from The Daily Bell
This is great stuff, thanks.
Posted by victorbarney on 01/16/12 02:49 PM
p.s. I believe only 5 nations in the United Nations can ride the white horse of Revelation and I'm thinking that they all are members of the REAL Israel by the seed Jacob, not Judah? Just saying...