Roberto Abraham Scaruffi

Sunday 5 July 2015

The European Union Times


Posted: 04 Jul 2015 06:45 AM PDT


The Ministry of Foreign Affairs (MoFA) is reporting today the Federation has been informed by the State Council of the Peoples Republic of China (PRC) that a de facto “State of War” now officially exists between that Asian nation and the United States of America.
According to this report, following the “provisions and protocols” of the 8 May 2015 Russian-Chinese Cyber-Security Agreement that states a signatory to this pact that anticipates the outbreak of hostilities is obligated to immediately inform the other so that “war preparations” needed to protect critical infrastructure can be undertaken, the PRC has informed the Federation that these “conditions now exist”.
Leading to this grave war warning from the PRC, this report explains, has been the catastrophic loss of over $3.7 trillion in wealth from Chinese stock markets over the past fortnight that has seen them plunge by over 30% and has led to panic among financial investors and ordinary citizens alike.
As to the cause of this devastating melt-down, this report continues, PRC experts have stated that “evil” market forces are going short to ruin the Chinese economy, and even suspecting Western-backed investment “predators” of lurking behind the turmoil, with US banking giant Morgan Stanley among the names mentioned.
Similarly, this report notes, five professors from China’s top universities issued a widely distributedpublic letter on 2 July alleging sinister market forces were exploiting weaknesses in China’s financial system for profit, comparing the situation to when President Obama’s “puppet master”, financier George Soros, and others bet against East Asian currencies during the 1997-98 Asia Financial Crisis.
To what precipitated this devastating Obama regime-led financial attack upon the PRC, MoFA experts in this report say, was detailed early last month by the Washington Post News Service, who, in part, said:
“Hackers working for the Chinese state breached the computer system of the Office of Personnel Management in December, U.S. officials said Thursday (4 June) , and the agency will notify about 4 million current and former federal employees that their personal data may have been compromised.
The hack was the largest breach of federal employee data in recent years. It was the second major intrusion of the same agency by China in less than a year and the second significant foreign breach into U.S. government networks in recent months.”
As to the wisdom of the Obama regime attacking the PRC’s financial markets in retaliation for their alleged hacking of US government servers, this report continues, it appears to be both “juvenile” and “ill timed” as China, with its holding of over nearly $4 trillion in foreign reserves, compared with theUnited States $121 billion…and with China’s citizens having a staggering $21 trillion saved compared to their American counterparts who have only $614 billion…is more than prepared to retaliate.
And making this situation even more fraught with danger, MoFA experts in this report warn, in a further response to the Obama regimes attacking them, two senior Chinese military leaders yesterday called on the People’s Liberation Army to beef up its naval capacity and combat readiness amid a higher risk of “warfare on the doorstep”.
In a 5,000-word article published yesterday in People’s Daily, the Communist Party’s flagship newspaper, General Cai Yingting, commander of the PLA Nanjing military area command, and his political commissar General Zheng Weiping, warned that the PLA should learn lessons from the war with Japan that ended 70 years ago.
These Chinese generals further stated, “There have been profound challenges from territorial disputes on our country’s periphery, geopolitical competition among big powers, and ethnic and religious friction. Tensions in surrounding hot spots are also on the rise, and the risk of chaos and warfare on our doorstep has increased. We should be more vigilant … and put combat preparedness at the front of our minds.”
To how the Obama regime is “responding/preparing” for war with China, however, this report notes,World War III is now the hot news with Pentagon brass as the Wall Street Journal just reviewed “The Ghost Fleet” by Peter Singer and August Cole.
Singer, “one of the United States pre-eminent futurists” is now “walking the Pentagon halls with an ominous warning for America’s military leaders: World War III with China is coming.”
In fact, Singer warns, even America’s advanced new F-35 fighter jets may be “blown from the sky by their Chinese-made microchips and Chinese hackers easily could worm their way into the military’s secretive intelligence service … and the Chinese Army may one day occupy Hawaii.”
Speculation? No, the Wall Street Journal’s Dion Nissenbaum reminded readers that Chinese hackers have already got into “White House computers, defense industry plans and millions of secret U.S. government files.”
Also important to note, this report continues, China has just overtaken the United States as the world’s largest economy, and as, perhaps, best written about by the Vanity Fair News Service who recently wrote:
“When the history of 2014 is written, it will take note of a large fact that has received little attention: 2014 was the last year in which the United States could claim to be the world’s largest economic power. China enters 2015 in the top position, where it will likely remain for a very long time, if not forever. In doing so, it returns to the position it held through most of human history.”
And as to who would win a war between the PRC and the US, this report concludes, the Market Watch News Service in their article yesterday titled “4th of July Fireworks: World War III with China Dead Ahead” summed it up best by writing:
“When Rand released a report in 2000 describing the potential outcome of a Sino-American conflict over Taiwan, the United States won the war handily. Nine years later, the nonpartisan think tank revised its analysis, accounting for Beijing’s updated air force, its focus on cyber warfare and its ability to use ballistic missiles to take out American satellites.
Rand’s 2009 conclusion: “The United States would ultimately lose an air war, and an overall conflict would be more difficult and costly than many had imagined.”
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Posted: 04 Jul 2015 06:38 AM PDT
German Finance Ministry spokesman Martin Jaeger.
Germany has ruled out any restructuring of Greece’s debt to international creditors, despite a report by the International Monetary Fund (IMF) which shows the cash-strapped country is in dire need of debt cancellation.
An analysis by the IMF, which was released in Washington on Thursday, showed that Greece needed an extra EUR 50 billion (USD 56 billion) in funds through to the end of 2018 as well as a massive debt write-down.
Speaking on Friday, however, German Finance Ministry spokesman Martin Jaeger said the IMF report “by no means leads to the conclusion that a cut in debt was absolutely necessary.”
The analysis said the country needed the funds and debt write-off notwithstanding the results of a Greek referendum scheduled to take place on Sunday on whether the government should agree to the lenders’ demands in return for bailout funds.
Greece received two bailout packages in 2010 and 2012 worth a total of EUR 240 billion (USD 272 billion) from its creditors following its 2009 economic crisis in return for implementing harsh austerity measures.
The country is seeking a third bailout in the hope of resolving its deepening financial crisis.
The Greek parliament passed a bill on June 27, approving a motion forwarded by Prime Minister Alexis Tsipras to hold the referendum and the government has been rallying the public to vote “No.”
However, Germany, France, Italy and European Commission President Jean-Claude Juncker have all said a ‘No’ vote would negatively impact Greece’s place in the eurozone, and maybe even in the European Union.
Jaeger also said the situation in Greece had been made much worse by the Athens government’s “mismanagement” since it was elected in January.
On June 24, Tsipras took to the Twitter hitting out at his country’s creditors for not accepting his government’s latest reform proposals and suggesting that Germany was trying to push Greece out of the euro.
Tsipras wrote, “The repeated rejection of equivalent measures by certain institutions never occurred before – neither in Ireland nor Portugal. This odd stance seems to indicate that either there is no interest in an agreement or that special interests are being backed.”
The Greek premier complained that his country was being put through the wringer, saying that other countries in a similar situation had not faced similar crippling measures.
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Posted: 04 Jul 2015 06:34 AM PDT


Next week Obama will meet the general secretary of Vietnam’s Communist Party at the White House.
It is said Obama and Nguyen Phu Trong will discuss a number of issues, most importantly the 12-nation Trans-Pacific Partnership (TPP) globalist trade accord.
Vietnam plays an important role in the emerging globalist economy. Its authoritarian government works closely with transnational corporations to keep labor costs low — even lower than China.
“Seventeen year old women are forced to work 9 to 10 hours a day, even days a week, earning as little as six cents an hour in the Keyhinger factory in Vietnam,” write Mark Alfino, John S. Caputo and Robin Wynyard (McDonaldization Revisited: Critical Essays on Consumer Culture). “Located in Da Nang City, Vietnam, the Keyhinge Toys Co Factory employs approximately 1,000 people, 90 percent of whom are young women 17 to 20 years old. Overtime is mandatory… Wage rates average between six cents and eight cents an hour — well below subsistence levels.”
Additionally, in Ho Chi Minh City children are forced to work long hours in garment factories, often without wages, according to the Blue Dragon Children’s Foundation.
The Workers Rights Consortium discovered child slave labor is tolerated by the government of Vietnam and the widespread abuse was mentioned in the July 23, 2013 Federal Register, indicating that the Obama administration and the government are well aware of the situation.
“U.S. workers should not be forced to compete against child slaves in garment factories. The last thing American working families need is another trade deal that’s unfair to American workers,” the Teamster Nation blog posted in 2013 at the TPP was being negotiated.
As noted by Forbes, the TPP is designed to allow transnational corporations to take advantage of the sort of working conditions in authoritarian communist countries like Vietnam and China.
Trade ministers argue that globalist trade deals like the TPP “commit signatory countries to enhancing labor, environmental, and social regulations. But actually, the reason businesses tend to relish free-trade agreements, and unions loathe them, is precisely that trade liberalization allows multinational brands to exploit the absence of those labor protections in poorer countries” in addition to making huge profits on dismal wages and child slave labor, according to Michelle Chen.
Obama will send an additional positive message to Vietnam when he visits the country this fall during a trip to Asia.
“Officials from the two countries are planning a number of landmark initiatives to commemorate (the 20th anniversary of their diplomatic ties),” write Murray Hiebert and Phuong Nguyen for the Center for Strategic and International Studies. “By visiting Vietnam in November, when he will be in the region to attend the Asia-Pacific Economic Cooperation leaders’ summit in the Philippines and the East Asia Summit in Malaysia, Obama can lock in important foreign policy gains and help expand the scope of the comprehensive partnership he announced with his Vietnamese counterpart in 2013.”
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Posted: 04 Jul 2015 05:59 AM PDT
A Chinese flotilla with a naval vessel firing an anti-submarine missile during a drill at Peter the Great Bay in Russia.
China’s army has kicked off “unprecedented” air and sea drills in the Yellow Sea, between the Korean Peninsula and China, a report says.
According to a late Friday report by the Chinese People’s Liberation Army’s Daily, the exercises began earlier in the day. The report, however, did not specify the exact location of the drills and the duration.
The report, meanwhile, added that around 100 warships, tens of naval aviation planes, and electronic countermeasure forces, divided into the red and blue armies, were involved in the maneuver, carrying out “intensive confrontations within a short period of time, including long-range fire assaults, coordinated assaults at surface targets and comprehensive air defense and anti-missile operations.”
Describing the density of fire as “unprecedented,” the daily added that real weapons were used in the whole process of the confrontation, “during which missiles, torpedoes, artillery shells and jamming bombs were fired more densely than before.”
The newspaper said electronic warfare units of the Shenyang Military Area Command, which is located near North Korea, and the Jinan Military Area Command also participated in the drills. Their participation “turned the naval drill into a multiservice joint exercise, making the drill more close to a real IT-based sea battle,” the report said.
Back in May, the navies of Russia and China carried out joint drills in the Mediterranean Sea.
In March, China announced its military budget would increase by 10.1 percent in 2015, reaching 887 billion yuan (USD 144.2 billion).
“Building a solid national defense and strong armed forces is fundamental to safeguarding China’s sovereignty,” Prime Minister Li Keqiang has said.
The drills came amid Beijing’s territorial tensions with its neighbors around the South China Sea, which is speculated to contain huge deposits of oil and gas.
Beijing claims almost the entire South China Sea, while other states such as Brunei, Malaysia, the Philippines, Vietnam and Taiwan have competing claims over parts of the sea.
China announced an “Air Defense Identification Zone (ADIZ)” over the East China Sea in 2013. The announcement sparked condemnation from Japan and the United States. Japanese media say that Beijing is considering a similar zone over the South China Sea.
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Posted: 04 Jul 2015 05:41 AM PDT


Two rival rallies took place in Athens on Friday. Police estimate that 25,000 came out to support the ‘No’ camp, which calls for the rejection of a new bailout deal with creditors in Sunday’s referendum, while 20,000 gathered to back the “Yes” vote.
Greece’s Prime Minister, Alexis Tsipras, who called the referendum last week to add more weight to his position in talks with creditors, addressed the “No” demonstration in front of the Greek parliament.
He urged the crowd to say a “proud No to ultimatums and those who terrorize you,” saying Sunday’s plebiscite is about “staying in Europe, and deciding to live in dignity in Europe.”
But no matter the outcome, the vote will be a “celebration of democracy,” he added.
The “No” rally was marred by brief clashes between police and protestors in a square next to Syntagma. Security forces had to use stun grenades and pepper spray to disperse a few dozen aggressive youths, who were throwing rocks and vandalizing property.
The “Yes” gathering, which was staged less than a kilometer away from the “Oxi [No]” rally, saw thousands chanting pro-EU slogans.
Friday was the last day of campaigning before the July 5 referendum to decide if Greece should accept its creditors’ demands for more austerity in return for more loans.
A poll published by To Ethnos newspaper on July 3, just two days ahead of the referendum, showed that the “Yes” and the “No” camps were running neck and neck.
Of those surveyed, 41.5 percent said they would back the bailout terms and 40.2 percent said they would reject them, while the rest remained undecided or planned to abstain from voting altogether.
If the Greeks vote ‘Yes,’ the current government is likely to resign and the people will have to accept the harsh austerity measures imposed by its Troika of creditors.
EU officials and the Greek opposition have warned that a ‘No’ vote would likely lead to Greece’s exit from the eurozone and potentially the EU, raising questions about the viability of the euro currency.
The talks between Greece and its creditors have stalled since the end of June, after the Eurogroup declined to prolong a financial aid program for Greece or delay payments on earlier debts.
Smaller demonstrations involving hundreds of people expressing solidarity with Greece’s ‘No’ camp took place in other cities across the EU, including in Rome, Brussels, Berlin, Frankfurt and Warsaw.
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Posted by Roberto Abraham Scaruffi at 08:55