Call it World War 3.0, or call it Power shift from West to East, or call it the “Reset“…
What ever you choose to call it, China (with U.S. and UK) is Big part of It.
“All Wars Are Bankers’ Wars” -To be Money/Trade Masters your spy-network must be upgraded.
It is not an accident, It is Policy. ~Ron
China tells U.S. tech: don’t panic, just hand over the encryption keys
by Reuters March 4, 2015
Beijing responds to Obama’s criticism, saying its new law on counterterrorism doesn’t do anything that western ones don’t.
China’s proposed anti-terrorism law will not affect the legitimate interests of technology firms, a top Chinese spokeswoman said Wednesday after U.S. President Barack Obama warned of its impact and demanded amendments. […Read more]
China Copies NSA but by Legislation
China will most likely pass a very far-reaching counter-terrorism act which adopts by legislation everything the NSA has been doing illegally behind the scenes and Congress along with Obama have endorsed. China will require technology firms to hand over encryption keys and install security “backdoors” just as the NSA has done secretly.
China is effectively retaliating for the abuse of the NSA, which will undermine US technology firms and essentially cut them off from what will be the biggest market in the world. The new act will be the deathblow to US Technology as they escalate the push-back against the abuse of the NSA.
The cooperation in secret of American firms from Microsoft, Google, down to Apple will be their own self-destruction. The lack of any understanding of economics from those in US Congress has made the future really bad and is laying the ground work for the decline of the USA as the Financial Capitol of the World.
The National People’s Congress has proposed that all companies must also keep servers and user data within China, and supply their law enforcement authorities with communications records and censor terrorism-related internet content. What made the internet work has been the freedom it brought. That is governments are encroaching on and in the process, the exponential growth curve will begin to decline.
China Says Push for Companies’ Encryption Keys Follows U.S. Lead
China counterterror law strikes fear in foreign tech firms
The Chinese Buy Billboards Announcing The Renminbi As “The New World Currency” ~ ZeroHedge
Submitted by Simon Black via Sovereign Man blog,
When I arrived to Bangkok the other day, coming down the motorway from the airport I saw a huge billboard – and it floored me.
The billboard was from the Bank of China. It said: “RMB: New Choice; The World Currency”
Given that the Bank of China is more than 70% owned by the government of the People’s Republic of China, I find this very significant.
It means that China is literally advertising its currency overseas, and it’s making sure that everyone landing at one of the world’s busiest airports sees it. They know that the future belongs to them and they’re flaunting it.
And it’s true. The renminbi’s importance in global trade and as a reserve currency is increasing exponentially, with renminbi trading hubs popping up all over the world, from Singapore to London to Luxembourg to Frankfurt to Toronto.
Multinational companies such as McDonald’s are now issuing bonds in renminbi, and even sovereign governments are issuing debt denominated in renminbi, including the UK.
Almost every major global player out there, be it governments or major multinationals, is positioning itself for the renminbi to become the dominant reserve currency.
But here’s the thing. Nothing goes up and down in a straight line. And China is in deep trouble right now. The economy is slowing down and the enormous debt bubble is starting to burst.
A lot of people, including the richest man in Asia, are starting to move their money out of the country.
So while the long-term trend is pretty clear – China becoming the dominant economic and financial superpower – the short-term is going to look incredibly rocky.
We talk about this in today’s short podcast with Sovereign Man’s Chief Investment Strategist, Tim Staermose, which includes a few ways to actually make money from China’s short-term unwinding.
Here’s exactly how you can profit from China’s short-term unwinding: Click HERE for detailed podcast…