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To: Gib Bogle who wrote (109429)12/31/2010 2:50:43 PM
From: russwinter2 Recommendations  Respond to of 110194
 
Yes, ultimately: China is suffering from an inflationary bust, its money losing export business is collapsing, it has an historic property bubble, and other maladjustments I have described.

They do have foreign reserves held in a slew of near bankrupt sovereigns (such as the US) that they can dump to defend or manipulate the Yuan for a time, but their currency fundamentals are terrible.



To: Gib Bogle who wrote (109429)12/31/2010 2:53:19 PM
From: longnshort  Read Replies (1) | Respond to of 110194
 
France Steels Itself for Annual Muslim Car Burnings
from Atlas Shrugs by Pamela Geller

France car burn

Pathetic. Yes, let's all hide under our beds while Muslim youth set thousands of our cars ablaze. And let's stick our heads further up our sphincters and stop reporting the actual number of cars burned -- that way we can continue to pretend nothing is happening while the continent descends in chaos. There's a plan! That and the Euro-Med partnership that is flooding Europe with more Muslim immigrants.

Notice the sharia media -- no mention of Muslims or Islam anyhere. Good doggies.

France braces for annual New Year's car torchings Reuters

PARIS (Reuters) – France will deploy extra police and keep vandalism statistics under wraps on New Year's Eve to fight what authorities say has become an annual "sweepstakes" of disaffected [Muslim] youths competing to see who can burn the most cars.

Youths in depressed suburbs of French cities have been torching hundreds of vehicles on New Year's Eve and Bastille Day since the early 1990s. Police say the annual rite has turned competitive, with youths tracking the news in the first days of the new year to see which neighborhood did the most damage.

"I have decided to put an end to the competition, the sweepstakes, and will longer publish the number of burned vehicles," Interior Minister Brice Hortefeux said this week, adding that publishing statistics encouraged vandalism.

Opposition politicians described the move as an attempt by President Nicolas Sarkozy's conservative government to cover up the violence.

"The government tends to eliminate unfavorable indicators. The interior minister has been publishing trumped-up statistics for years, and now Hortefeux is going even further," Socialist deputy Delphine Batho, a security specialist, told Reuters.

Last year, the Interior Ministry said 1,137 cars had been torched, a 30 percent rise on 2008. French media reported at the time that several thousand cars had been burned.

Nearly 54,000 police officers will be deployed across France, a rise of some 6,000 compared to normal New Year's Eve staffing levels, and additional command posts set up in several cities, Hortefeux said on Friday.

The image of burning cars remains particularly evocative in France in the wake of urban riots in December 2005. Sarkozy came to power in 2007 promising to quell violence, but crime and vandalism have inched up in the past year.

Arson in France's "sensitive urban areas" rose by 17.2 percent between 2008 and 2009, according to a 2010 study by the Observatory of Sensitive Urban Zones. In 2009 a total of 12,874 cars were burned, it reported.



To: Gib Bogle who wrote (109429)12/31/2010 2:57:49 PM
From: longnshort  Respond to of 110194
 
Salon Political Journalist: Bush Book Sold So Well Because ‘He Was Hated By So Many People’

Alex Parene writes for the very important Salon.com, a site that has holds its contributors to the highest standard of journalistic guidelines and ethics.

breitbart.tv



To: Gib Bogle who wrote (109429)12/31/2010 3:16:11 PM
From: russwinter1 Recommendation  Respond to of 110194
 
The quote is from the Chinese observer, but my sense is that China has already missed their window to appreciate the Yuan. Their economy is totally maladjusted at this stage.