Is the Chinese regime ready for Global leadership?

Ambrose Evans-Pritchard posed the following question – “Who really thinks that China’s half-reformed Communist regime is ready for global leadership?”





Has supported or currently supporting Islamic terror groups/freedom fighters?



Iranian Sunni

Not known, paradoxically China has been known to support Islamic governments.

Invaded Afghanistan



Spending $400 for a US gallon (3.8l) of petrol in Afghanistan



Shares border with Afghanistan



Invaded countries in the last Century to expand political influence.

Yes – Panama, Cuba, Grenada, Haiti, Haiti, Lebanon, Vietnam etc

No – Tibet is a special case in that there is legal argument that Tibet was once part of China.

Has over 100 thousand troops occupying Oil-rich nation.



Bombed countries that it has never been at war with in the last century.

Yes (At least Laos and Cambodia)


Used to managing Billion plus population.



Expanded political influence by diplomacy alone



Has fought border skirmishes in last 100 years.

Yes – Mexico

Yes – India, USSR and Vietnam

Has Capital punishment for financial malfeasance



Has had double digit or near double digit growth in their economy over the last ten years?



Banks owned by the people



Banks subsidised by the people

Yes, Government (taxpayers) lends money to banks at 0% interest and borrows it back at 2%.


Winners of Nobel prizes in Economics living in the country

All the winners of the prize except one in the last ten years are resident in the USA.


Had terror incident at last Olympic games?

Yes – guilty party caught years later by rookie cop



When I reflected on the above question, I came to the startling conclusion that the Chinese leadership may actually be better qualified for global leadership than the USA.


Get ready for 21st Century economics

Please note Marc Faber predicts the collapse of the US dollar leading to currency reform. Amero anyone?
Note to the Australian Prime Minister. Marc says that Afghanistan is a bottomless barrel, please get us out.

But wait there is more.




The economist Marc praises is John Taylor of Stanford University

G13 – President Hu cuts short visit, to return to China.

According to China Daily, President Hu will cut short his visit to the G13/G8 meeting in Italy. The official reason is the trouble or riots in Xinjiang. This is ominous. It means that President Hu feels that China will get nothing out of this meeting and there would be a beating about the ears over China’s human rights record. I cannot blame President Hu for not wanting to put up with this sort of nonsense.

While China has a way to go on human rights, a destabilised China would be far worse for us in Australia. We too have secret detention without trial, thank Prime Minsters John Howard and Kevin Rudd.

There is a certain three letter organisation that is infamous for funding and training people for the sorts of events like those that have occurred in Xinjiang. The Chinese are very suspiscious.

There are still 13 participants at L’Aquilia and as all those students of the Tarot will tell you 13 is the number of irreversible change of which Death is the most typical.


(My hundredth post is about 13.)




Don’t Say G13, Say G8 plus 5 plus Egypt

Today Wednesday various world leaders are going to get together to have a talk fest. According to the folks over at China Daily there are going to be two lots of talks, in one venue the G8 and the other venue G5







United Kingdom





South Africa









It gets more confusing because it also be called the G14 since Egypt has been invited. Also our glorious leader Kevin Rudd will be along for later meetings. My internal conspiracy theorist says that he is along to get the good word and bring it back to the party faithful. The invitation to Egypt is the most enigmatic.

The Courier Mail’s Cringe-Worthy Headline — Economic forecasts show Australia leads the world

The Courier Mail in Brisbane had an article with the cringe-worthy headlineEconomic forecasts show Australia leads the world.”

Nowhere in the entire body of the article is credit given to the architect of our success, the Premier of China, Wen Jia Bao (my favourite former geologist) who set the goal of 8% growth for this year and announced at Davos in January 2009.

Of course both major political parties would like to claim credit and in fairness both can claim some credit, the Coalition for building the war chest and the ALP for realising the seriousness of the crisis about 12 months late. Neither showed any awareness in the run up to the election of the Global Financial Crisis.

A better headline would have been, ” Crisis mitigated – Aussies are cheaper miners than Chinese.” We can get coal out of the ground in the Bowen Basin and ship it to Shanghai cheaper than the Chinese can do it. This may not be strictly true since the Chinese have to take something of value in exchange for all those salad shooters and margarita makers that we Australians like.




Swine Flu a Good News /Bad News story

The ABC has reported the death of an Aboriginal man from Swine Flu, that is the bad news. My condolences to his family.

The good news is that this man is from a remote community,
in Western Australia and nobody else is currently ill with Swine flu. When you look up Kiwirrkurra on Google maps and see how remote this place is, it looks like just about everybody who was going to be exposed to this virus has been. This means that if you live in Australia, that sneeze you had 2 days ago may have been your case of the Swine flu.

This is the kind of thing epidemiologists look for. Current thinking is that viruses tend to attenuate (lessen morbidity) with time but transmissability increases with time (simple selection pressures or evolution in action).

In my opinion, our public health gurus have being very cautious over the last couple of weeks which is a good thing but they have also have tested in real time some of the protocols. Afterall how do you handle a thousand passenger cruise liner? Shutting down primary schools may contain the virus but will the same work for a high school where teenagers may not be content to stay at home?


Of course I may be disasterously wrong and Swine flu may come back with a vengeance.

BMW = Burn My Wheels


BMW = Burn My Wheels

From a Der Spiegel article,1518,631435,00.html on arson attacks on cars in Berlin.

Der Spiegel describes it as leftist violence. I just hope it does not turn out be done by Neo-Nazi Persians because that would be too confusing. We should never forget the usual suspects, with the downturn in the global economy there is the temptation to solve car payment problems with a match and blame it on anarchists.


Danger Crisis zone

burning porsche

A Porsche Cayenne no longer burning down the Autobahn.

Note – The copyright to the above photos still belongs to the appropriate parties and they are just copied here for scholarship purposes.