Socio-Economics History Blog

Socio-Economics & History Commentary

A Furious China Responds To Latest Sanctions: Demands “U.S. Immediately Correct Its Mistake” Or Suffer Retaliation

  • A Furious China Responds To Latest Sanctions: Demands “U.S. Immediately Correct Its Mistake” Or Suffer Retaliation
    by Tyler Durden,
    Less than 4 hours ago, the US Treasury announced that in the the latest set of actions targeting North Korea’s “WMD program”, among the entities sanctioned would be several Chinese and Russian companies and individuals. We said that “what this latest round of sanctions will achieve, is to further anger Beijing and the local population.” Well, we didn’t even have to wait all day for China to respond on the next morning as it traditionally does, and according to Reuters citing an embassy spokesman, Beijing was so furious with the US “provocation” it scrapped its own protocol of waiting during a “cooldown” period, and instead ripped right back, “urging” the U.S. to “immediately correct its mistake”‘ of sanctioning Chinese firms over North Korea, to avoid impact on bilateral cooperation.

    Since the US will not “correct its mistake”, either “immediately” or at any time, China will have no choice but to escalate, in the process making any credible diplomacy involving North Korea impossible, forcing” America’s hand when it comes to North Korea, now that the diplomatic option is out of the picture.

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August 23, 2017 Posted by | Economics, GeoPolitics | , , , | Leave a comment

US Fires First Salvo of Upcoming Trade War with China

  • US Fires First Salvo of Upcoming Trade War with China
    While the North Korean nuclear program and its missile tests capture the world public attention, another war is about to spark. On August 14, US President Trump launched the first salvo by authorizing an inquiry into Beijing’s alleged theft of intellectual property under Section 301 of the Trade Act of 1974. This is the first direct trade measure by the administration against China.

    Washington believes that American companies operating in the Celestial Empire are pressured into sharing intellectual property if they want to have access to China’s economy. American businesses are often forced to create joint ventures with Chinese partners, turning over valuable technology assets. «We will stand up to any country that unlawfully forces American companies to transfer their valuable technology as a condition of market access. We will combat the counterfeiting and piracy that destroys American jobs», Trump said.

    During his election campaign, President Donald Trump threatened to impose 35% to 45% tariffs on Chinese imports to force China into renegotiating its trade balance with the United States. US Trade Representative Robert Lighthizer will have a year to look into whether to launch a formal investigation of China’s trade policies on intellectual property, which the White House and US industry lobby groups say are harming US businesses and jobs. Trump administration officials have estimated that theft of intellectual property by China could be as high as $600 billion.

    The bilateral US trade deficit with China approached US$350 billion in 2016, and Trump has repeatedly blamed Chinese imports for gutting employment in US sectors such as steel. «We will engage in a thorough investigation and, if needed, take action to preserve the future of US industry», Lighthizer said.

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August 23, 2017 Posted by | Economics, GeoPolitics | , , , | Leave a comment

World War 3: US Sends Military to North Korea BORDER as Tensions with Pyongyang Escalate

  • World War 3: US Sends Military to North Korea BORDER as Tensions with Pyongyang Escalate
    by ZOIE O’BRIEN,
    THE United States and South Korea are preparing to roll out their armies across the North Korean border as the threat of World War 3 intensifies.

    The daring move from Washington and Seoul follows “Armageddon trade” between Pyongyang and the Pentagon over Kim Jong-un’s threat to blast US territory Guam with nuclear missiles, which looked as though it was reaching boiling point last week.

    But when Donald Trump warned the despot the US is “locked and loaded”, ready to respond to any strike, tensions simmered. Yet when troops land on the peninsula, just miles form Jong-un’s territory, explosive consequences are feared.

    A staggering 80,000 troops will be involved in the military drills along with hundreds of thousands of first responders and civilians. The Ulchi-Freedom Guardian war games are computerised command and control exercises which take place every other year.

    So-called defensive exercises between the two nations are the world’s largest – and will simulate warfare with North Korea. But this year, it will be amid huge tensions over a nuclear war – which has, at times, appeared on the verge of kicking off.

    Experts have claimed the drills taking place from August 21 to 31, are more important than ever, while they are rejected by China.Nuclear weapons may not be Jong-un’s mode of attack, experts said, as information emerges over the country stockpiling chemical weapons.

    Military commanders fear it will spark provocation from North Korea, as Pyongyang could launch more Intercontinental Ballistic Missiles (ICBMs). So far this year, ordnance has been blasted into waters outside Japan, while Pyongyang threatens mainland USA and the US territory of Guam.

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August 19, 2017 Posted by | GeoPolitics | , , , , | Leave a comment

The Mineral War Exposed: How China, North Korea And The US Are Setting The Stage For WW3

  • Published on Aug 16, 2017
    Earth minerals are the digital cotton fields of the 21st century and some of the most powerful nations in the world are now in a race to obtain the global supply. In this video Dan Dicks of Press For Truth explains how a war with North Korea will be presented as a humanitarian mission but behind the deep state agenda is a plan for the US to out do China as the worlds leading miners of precious earth minerals.


August 18, 2017 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

US Using North Korea Brinkmanship to Boost Military Build-Up: Analyst

  • There is already a massive deployment of troops along the Russian border. Now, another massive deployment of troops in Asia. War or peace? The Synagogue of Satan is running out of time to trigger their Satanic WW3. Hopefully they will fail spectacularly.
  • Published on Aug 17, 2017
    The United States is using a policy of brinkmanship against North Korea in order to deploy more troops and nuclear weapons to South Korea, Japan, and Guam, political commentator and international lawyer Barry Grossman says.


August 18, 2017 Posted by | GeoPolitics | , , , , , , | Leave a comment

There Is A Major Shift From West To East Occurring As The Dollar Dies: London Paul

August 18, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , , | Leave a comment

Korean War Part II: Why It’s Probably Going To Happen

  • Korean War Part II: Why It’s Probably Going To Happen
    by Brandon Smith,
    I do believe in massive sea changes in societies and political dynamics. I believe in the fall of nations and empires. I believe in this because I have seen it perpetually through history. What I see constant evidence of is that many of these sea changes are engineered by establishment elitists in government and finance. What I see is evidence of organized psychopathy and an agenda for total centralization of power. When I stumble upon the potential for economic disaster or war, I always ask myself “what is the narrative being sold to the public, what truth is it distracting us from and who REALLY benefits from the calamity.”

    The saying “all wars are banker wars” is not an unfair generalization — it is a safe bet.

    First, let’s clear up some misconceptions about public attitudes towards the North Korean situation. According to “polls” (I’ll remind readers my ample distrust of polls), a majority of Americans now actually support U.S. troop deployment to North Korea, but only on the condition that North Korea attacks first. I want you to remember that exception — North Korea must attack first. It will be important for later in this analysis.

    Despite a wide assumption that the mainstream media is beating the war drums on this issue, I find it is in most cases doing the opposite. The mainstream media has instead been going out of its way to downplay any chance that the current inflamed rhetoric on both sides of the Pacific is anything other than bluster that will end with a whimper rather than bomb blasts. This is one of the reasons why I think war is imminent; the media is a notorious contrarian indicator. Whatever they predict is usually the opposite of what comes true (just look at Brexit and the election of Donald Trump, for starters).  Another generalization that is a sure bet is that the mainstream media usually lies, or at the very least, they are mostly wrong.

    Of course, I am aware that we have heard all this before. Back in 2013 tensions were relatively high with North Korea just like they are today. North Korea threatened a preemptive nuclear strike on the U.S. back then, too, and in the end it was all hot air. However, besides wider public support than ever before in terms of troop deployment to North Korea, something else is very different from 2013. Primarily, China’s stance on the issue of regime change.

    In the past, China has been consistent in supporting UN sanctions against North Korea’s nuclear program while remaining immovable on war and regime change in the region. In 2013, it was clear that China was hostile to the notion of a U.S. invasion.

    In 2017, though, something has changed. China’s deep ties to the global banking establishment, their open statements on their affection for the IMF, and their recent induction as the flagship nation for the IMF’s Special Drawing Rights system make it clear that they are working for the globalist agenda, not against it. This is not necessarily a new thing behind the curtain; China has done the bidding of globalist institutions for decades. Today though, the relationship is displayed far more publicly.

    In 2015, it was China, not the U.S., that sounded the alarm over North Korea’s nuclear program, indicating that Pyongyang might have technology well beyond American estimates. It was this warning that triggered the slow buildup to today’s fear over a fully capable intercontinental ballistic missile package in the hands of North Korea. It seems obvious to me that China plays the role of North Korea’s friend as long as it serves the interests of the globalist agenda, and then China turns on North Korea when the narrative calls for a shift in the script. It is China that opens and closes the door to war with North Korea; a China that is very cooperative with the IMF and the push towards total globalization.

    Will this war culminate in global nuclear conflagration? No. The establishment has spent decades and untold trillions building it’s biometric control grids and staging the new global monetary framework under the SDR system. They are not going to vaporize all of this in an instant through a nuclear exchange. What they will do, though, is launch regional wars and also economic wars. Those people expecting apocalypse in the Hollywood sense are going to find something different, but in my opinion much worse — a steady but slower decline into economic ruin and global centralization.

    Eventually, China and the U.S. will enter hostilities, but these hostilities will lean more towards the financial than the kinetic. The establishment cabal works in stages, not in absolute events. Another Korean war would be a disaster for America, just not in the way many people think.

    Will there be a nuclear event? Yes. If war takes place in North Korea then it is likely they will use a nuclear device somewhere in retaliation. We may even see a nuclear event as a false flag catalyst for starting the war in the first place. This will not be a global threat, but a mushroom cloud over any American city or outpost is enough to scare the hell out of most people. It is all that will be needed.

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You can either believe that the Rothschilds have God like powers to end wars, or my explanation that they (the Illuminati) are behind these wars in the first place!


August 17, 2017 Posted by | GeoPolitics | , , , , , , , | Leave a comment

US, Japan Hold Joint Air Drills Over Korean Peninsula As China, North Korea Fume

  • US, Japan Hold Joint Air Drills Over Korean Peninsula As China, North Korea Fume
    by Tyler Durden,
    Since unlike Donald Trump he does not have access to twitter, we can only assume that North Korean leader Kim Jong Un is probably fuming this morning after US and Japanese fighter jets conducted joint “air maneuvers” southwest of the Korean peninsula, according to Reuters. The exercises threaten to reignite tensions between the US and the North after Kim Jong Un reportedly told his generals on Tuesday to shelve a plan to strike Guam with an ICBM.

    The exercises were held a day after Kim said that he would put plans to attack the US island territory on hold, but that his generals would closely monitor the “Yankees” for any signs of hostility. The exercises involved two US Airforce B-1B Lancers, and two Japanese F-15 jet fighters, according to Reuters. The North, as its state-run news agency has stated repeatedly in the past, typically interprets military exercises as tantamount to an act of war.

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August 17, 2017 Posted by | GeoPolitics | , , , , , | Leave a comment

US President Orders Probe into China Trade Ties

  • Published on Aug 15, 2017
    The US President has signed an executive order to launch a probe into whether China’s actions are harming the intellectual property of American companies. Donald Trump says the move is aimed at fulfilling his campaign promise regarding the country’s trade with China. Trump said Washington will combat QUOTE counterfeiting and piracy that destroy American jobs. He also pledged to safeguard copyrights, patents, trademarks and trade secrets from now on. The American president warned of retaliatory actions to preserve the future of U-S industry. China has already warned Washington about the consequences of a trade war, saying everybody would be affected. On Monday, a Chinese Foreign Ministry Spokesperson said the two countries should work together for the stable and sound development of economic relations.


August 16, 2017 Posted by | Economics | , , , | Leave a comment

China Won’t Allow Regime Change in North Korea – Former US Diplomat

  • Published on Aug 15, 2017
    Now that the trash talk has cooled between North Korea and the US, is Kim Jong-un backing down from his threat to deploy “historic enveloping fire” on Guam, a US territory? Former US diplomat Jim Jatras joins “News with Ed” to argue that “when all is said and done, Korea is way over there” and that regional powers need to take the lead in keeping “the Hermit Kingdom” in check.


August 16, 2017 Posted by | GeoPolitics | , , , , | Leave a comment

RAW: China Holds Massive Day-Night Live-Fire Artillery Drill

  • Published on Aug 15, 2017
    The participants dealt with aerial reconnaissance, harassing attacks and other potential problems in hot weather which reached nearly 40C (104F) in east China’s Anhui Province. By using a combination of multiple bombs, exploring, establishing and occupying the launch sites quickly, and rapidly forming the artillery fire group reacting to the fire, the drill assessed the artillery group’s strike capabilities.


August 16, 2017 Posted by | GeoPolitics | , | Leave a comment

India and China Heighten War Readiness as Himalayan Standoff Continues

  • India and China Heighten War Readiness as Himalayan Standoff Continues
    by K. Ratnayake, 14 August 2017,
    Media reports indicate that both India and China have increased military deployments along their disputed border, increasing the danger that their eight-week-long standoff on the Doklam Plateau—a ridge in the Himalayan foothills claimed by both China and Bhutan—could cascade into war.

    Beijing is said to have stationed 800 People’s Liberation Army troops near to where 300 Chinese troops are deployed on the Doklam Plateau “eyeball-to-eyeball” from Indian forces. Some Indian sources are also claiming that China has sent Chengdu J-9 and J-10 fighter jets to Tibet and deployed surface-to-air missile batteries near its disputed border with the northeast Indian state of Arunachal Pradesh.

    The Indian Army, meanwhile, has ordered troops from its 3rd and 4th Corps to move closer to the Line of Actual Control that separates Arunachal Pradesh from Chinese Tibet and placed them in high-alert, “No War, No Peace mode.”

    The Indian Army’s presence in Sikkim, the Indian state closest to the site of the standoff, was expanded earlier in the crisis. The units that were advanced toward the border with China at that time remain in forward-deployed positions.

    On Thursday, News18 reported that residents of Nathang, a village in Sikkim situated some 35 kilometers from the Doklam Plateau, were leaving the area. Indian government and army officials have denied that an evacuation has been ordered. The report said that it was unclear “if an (evacuation) order has been issued to accommodate thousands of soldiers of the 33 Corps who are reportedly moving from Sukna (West Bengal) towards Doklam” or as a “precautionary measure to avoid civilian casualties in case of a skirmish.”

    The Indian-based The Quint website has since confirmed that “33 Corps, which was mobilized nearly a month ago, has moved ‘very close’ to the India-China border in Sikkim as part of the massive positioning of troops in the wake of the continuing standoff over the Doklam issue.”

    Since the standoff began on June 18, Beijing and New Delhi have each insisted that the other has taken unprecedentedly aggressive action—action that requires a hardline response.

    Beijing says it is unprecedented for Indian troops to confront Chinese forces on territory that India does not claim as its own, but rather considers to belong to a third country, Bhutan. New Delhi, which deployed its troops to prevent Chinese construction workers from expanding a road on the Plateau, said that the roadwork violated a “standstill agreement” Beijing has with Bhutan pending resolution of their border dispute and, moreover, that its core “strategic” interests are at stake, because Chinese control over the Doklam would increase the vulnerability of the Siliguri Corridor—a narrow slice of territory that links India’s seven northeastern states with the rest of the country.

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August 16, 2017 Posted by | GeoPolitics | , , , | Leave a comment

A New Currency Emerges As The Old Currency Withers Away, Welcome To The Transition

  • Published on Aug 14, 2017
    The restaurant industry is experiencing a slow down in traffic and sales even with rising food and drink prices. Trump signs memo looking into the trade agreements with China. From all the indicators that are now out in the public domain the US economy is in a recession even though the Fed has not acknowledged it. IRS reports quarterly taxes are down 40% as more individuals are not paying up. Does the Fed have 6200 tons of gold, we don’t know because they will not allow anyone to audit it . Venezuela and many other countries are turning towards cryptocurrencies. The central banks are pushing to stop people from using cryptocurrencies, what we are witnessing is the transition into a new currency, a new system. 


August 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

India’s Military Said to Increase Alert Along Tense China Border. Upto 50,000 Soldiers Have Been Put On Notice

  • India’s Military Said to Increase Alert Along Tense China Border
    by Nc Bipindra,, 12 Aug 2017
    * Up to 50,000 soldiers have been put on notice, officials say
    * Move is latest in eight-week standoff at remote tri-junction

    India has increased its military alert along its eastern border with China, placing around 50,000 soldiers on notice amid an eight-week-long stand-off with Chinese troops near a three-way junction between Bhutan, China and India, people familiar with the matter said.

    The ‘no war, no peace’ operational alert among the soldiers along the 1,500-kilometer (932 miles) stretch of the 4,057-km Sino-Indian Line of Actual Control was raised earlier this week following a threat assessment prompted by hardening Chinese rhetoric in the recent weeks, government officials who get regular updates on the situation said in New Delhi on Aug. 12. They asked not to be identified citing rules on speaking to the media.

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Click on image for article.

Click on image for article.


August 14, 2017 Posted by | GeoPolitics | , , , | Leave a comment

Trump Warns Xi: Trade War With China Begins Monday

  • Trump Warns Xi: Trade War With China Begins Monday
    by Tyler Durden,
    As if there weren’t enough geopolitical and social stress points in the world to fill a lifetime of “sleepy, vacationy” Augusts, late on Friday night President Trump spoke to Chinese President Xi Jinping and told him that he’s preparing to order an investigation into Chinese trade practices next week, according to NBC. Politico confirms that Trump is ready to launch a new trade crackdown on China next week, citing an administration official, a step that Trump delayed two weeks ago under the guidance of his new Chief of Staff Gen. Kelly, but now appears imminent. It is also an escalation which most analysts agree will launch a trade war between Washington and Beijing.

    As Politico details, Trump on Monday will call for an investigation into China over allegations that the nation violated U.S. intellectual property rights and forced technology transfers, the official said. While it’s unclear how much detail Trump will get into in the announcement, administration officials expect U.S. Trade Representative Robert Lighthizer to open an investigation against China under Section 301 of the Trade Act of 1974. The ordering of the investigation will not immediately impose sanctions but could lead to steep tariffs on Chinese goods. Trump has expressed frustration in recent months over what he sees as China’s unfair trade policies.

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August 14, 2017 Posted by | Economics, GeoPolitics | , , , | Leave a comment