[A-List] 1950-2010: Second U.S.-China Conflict Over Korea?

[Todd Boyle]

Ellen Brown's speech at Deep Politics in San 
Francisco, appears now on TUC Radio.
One can hardly escape the realization that 
China's central bank, sovereign funds,
and other large enterprises will eventually have 
the power to confront U.S. central bank,
federal reserve, and heavily concentrated 
banks.   And I guess it will be sharp
and sudden when it happens..   a few hours.     -Todd.

http://www.tucradio.org/new.html
Ellen Brown
THE FINANCIAL HIJACKING OF AMERICA
How and why to escape the web of debt
This is a talk about the trillion dollar bailout 
of the too large to fail banks and how it relates 
to the underlying crisis caused by the private 
control of the US - and soon the world's money 
supply. Brown has an intriguing theory that she 
sets out to prove: Congress was initially not 
very interested in a bailout of the banks and 
needed to be shown, she says, that the situation 
was serious and that more money than ever before 
had to flow from taxpayers and the Federal 
Reserve into the banking system. In part ONE of 
her talk Ellen Brown runs down the incidents that 
led to the collapse of Lehman Brothers. She asks 
whether Lehman was purposefully bombed with short 
and naked short sales, and then was left 
unsupported by fellow banks in order to prove to 
Congress and to us that the crisis was serious. 
She quotes from a NY Times headline: "Lehman had 
to die, it seems, so global finance could live."

In part TWO Ellen Brown cover the little known 
but highly consequential role of the Bank for 
International Settlements in Switzerland. The BIS 
serves as a bank for central banks and is not 
accountable to any national government. It plays 
an increasingly more important role in the ever 
centralizing global financial system. Brown 
points to the risk of formalizing the money 
system for the world as the unregulated and 
unaccountable private domain of private banks. A 
process that is taking place right now. In the 
second half of part TWO you are about to hear 
about the Bank of North Dakota, an amazing, 
little known, highly successful state owned bank 
founded in 1919 and flourishing today. And she 
suggest that California adopt that model to solve 
both the budget and the overall financial crisis 
- as 5 states are already planning to do. 
Washington, Michigan, Illinois, Massachusetts and 
Virginia have bills pending for state owned banks.

Ellen Brown is the author of Web of Debt, a book 
about the Federal Reserve. She shows how the 
private banking cartel has usurped the power to 
create money, and how we the people can take back 
that power. Here is her explanation how money is created.
You can see the film of this presentation on: 
<<http://understandingdeeppolitics.org/conference-video>http://understandingdeeppolitics.org/conference-video>
For a broadcast quality mp3 version of Part ONE 
click <http://www.tucradio.org/HijackingAmerica_ONE.mp3>HERE
For a broadcast quality mp3 version of Part TWO 
click <http://www.tucradio.org/HijackingAmerica_TWO.mp3>HERE



At 10:55 AM 9/12/2010, Tony B. wrote:
>http://taipeitimes.com/News/editorials/archives/2010/09/09/2003482434
>
>Taipei Times
>September 9, 2010
>
>The US-China contest for power
>By Sushil Seth
>
>-The spirit of the Korean War was thus invoked 
>when China halted the US military advance toward 
>the Yalu River....This time, it will be China, 
>and not the former Soviet Union, that will hold the opposing flag.
>The US is aware of the new danger China is 
>posing to its naval dominance in the 
>Asia-Pacific region. To counter China’s 
>challenge, it is cultivating and expanding 
>political and military ties with countries in 
>the region, like Indonesia and Vietnam.
>-The US is obviously activating regional 
>resistance to thwart China’s moves to declare 
>the Asia-Pacific region as its own bailiwick, as 
>it has done with the South China Sea, the Yellow Sea and the Korean Peninsula.
>- “If China continues its impressive economic 
>growth over the next few decades, the US and 
>China are likely to engage in an intense 
>security competition with considerable potential for war.”
>We are already witnessing a trial run of this in the Asia-Pacific region.
>-“If China continues its impressive economic 
>growth over the next few decades, the US and 
>China are likely to engage in an intense 
>security competition with considerable potential for war.”
>We are already witnessing a trial run of this in the Asia-Pacific region.
>
>The recent China visit of North Korean leader 
>Kim Jong-il is an important development. This is 
>his second recent trip, the first one coming 
>around the time of the sinking of the South 
>Korean warship Cheonan, believed to be Pyongyang’s doing.
>
>During that visit, Kim obviously gave his own 
>version of the incident, apparently absolving 
>his country of any wrongdoing. China maintained 
>neutrality on the issue, counseling both sides 
>to maintain calm, which disappointed South Korea 
>and the US, as they believed, on the basis of an 
>investigation into the issue, that North Korea was responsible.
>
>When the US and South Korea subsequently 
>conducted joint military exercises to emphasize 
>their preparedness and resolve, Beijing was not 
>impressed. It sought to bar the US from 
>conducting joint naval exercises in the Yellow 
>Sea, because it constituted a threat to 
>China’s security. (The South China Sea is 
>already being billed as China’s territorial lake.)
>
>Apart from warning the US, China was also 
>implicitly cautioning Seoul against inviting 
>foreign vessels into the Yellow Sea.
>
>Another message is that the Korean Peninsula is 
>China’s security zone and the US involvement 
>could trigger a Chinese response, as in the Korean War of the early 1950s.
>
>Indeed, the Xinhua news agency report of Kim’s 
>visit not so subtly pointed out the link, with 
>the North Korean leader having said: “Through 
>this visit, the [North Korean] side had yet 
>another in-depth experience of the 
>preciousness...of the friendship created by 
>older generations of revolutionaries of both countries.”
>
>The spirit of the Korean War was thus invoked 
>when China halted the US military advance toward the Yalu River.
>
>Against this backdrop of such fraternal ties 
>going back many years, the Chinese press ran a 
>flurry of editorials defending a stable relationship with North Korea.
>
>What it means is that China is veering toward 
>more assured support for North Korea and the Kim dynasty.
>
>The reinforcing of the 1950s fraternal ties, 
>forged during the Korean War, is not a good portent.
>
>The Korean War intensified the Cold War.
>
>This time, it will be China, and not the former 
>Soviet Union, that will hold the opposing flag.
>
>The US is aware of the new danger China is 
>posing to its naval dominance in the 
>Asia-Pacific region. To counter China’s 
>challenge, it is cultivating and expanding 
>political and military ties with countries in 
>the region, like Indonesia and Vietnam.
>
>China is not pleased with an impending agreement 
>between Washington and Hanoi to share nuclear 
>fuel and technology for Vietnam’s plans to 
>build 14 nuclear power stations over the next 20 years.
>
>The two countries reportedly signed a memorandum 
>of understanding in April about cooperation on 
>nuclear power, including access to “reliable sources of nuclear fuel.”
>
>China has accused the US of “double 
>standards” for simultaneously pushing its 
>non-­proliferation campaign and disturbing 
>“the preset international order.”
>
>The US is obviously activating regional 
>resistance to thwart China’s moves to declare 
>the Asia-Pacific region as its own bailiwick, as 
>it has done with the South China Sea, the Yellow Sea and the Korean Peninsula.
>
>Although the countries in the region are careful 
>not to antagonize China, they are unlikely to be 
>enthused about a sudden chorus from China of its regional primacy.
>
>And why is China ignoring its neighbors’ 
>sensitivities and concerns? Wang Hanling, a 
>maritime expert at the Chinese Academy of Social Sciences, has an explanation.
>
>According to him, Beijing used to be concerned 
>that the Southeast Asian states might gang up 
>against China to promote their own competing claims.
>
>But not any more, because: “We found our 
>neighbors had ­territorial-water disputes to 
>wrangle over and national interests to defend, 
>which makes it very difficult for them to build 
>a unified front against China,” he said.
>
>Moreover, he added: “Even if they succeed in 
>joining together, they are still not strong enough to defeat China.”
>
>In other words, they are easy to ignore.
>
>It is in this overall context of China’s 
>virtual declaration of its own Monroe Doctrine 
>that the renewal of the Chinese-North Korean 
>friendship (harking back to the 1950s) appears 
>to be part of a pattern to assert China’s security parameters.
>
>China seems determined to drive out the US navy from regional waters.
>....
>At the same time, China’s own military buildup 
>is designed to deter the US from weighing in significantly.
>....
>China is also developing anti-ship missiles to 
>target US aircraft carriers and other surface vessels.
>
>Some China scholars have felt over the years 
>that China’s transition to great power status 
>need not lead to conflict, as happened during the two world wars.
>
>The main argument has been that China is a 
>beneficiary of the existing global system, which 
>has facilitated its rapid economic growth.
>
>G. John Ikenberry, a proponent of this argument, 
>put it this way in an article in Foreign 
>Affairs: “Technology and the global economic 
>revolution have created a logic of economic 
>relations that is different from the past — 
>making the political and institutional logic of 
>the current order all the more powerful.”
>
>However, things are changing too fast, even in 
>the two years since Ikenberry wrote his article. 
>China’s military buildup continues apace, and 
>it has started to assert sovereign claims over important waterways.
>
>While Western economies, including that of the 
>US, are struggling to recover, China seems to 
>grow increasingly confident about its new place in the world.
>
>In this state of affairs, John Mearsheimer is 
>closer to the truth than Sinologists like Ikenberry.
>
>According to Mearsheimer, “If China continues 
>its impressive economic growth over the next few 
>decades, the US and China are likely to engage 
>in an intense security competition with considerable potential for war.”
>
>We are already witnessing a trial run of this in the Asia-Pacific region.
>
>Sushil Seth is a writer based in Australia.
>===========================
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