China’s Billions Buy Up Resources Worldwide

China is pouring another $7bn (£4.4bn) into Brazil’s oil industry, reigniting fears of a global “land grab” of natural resources.

State-owned Sinopec clinched the deal with Spain’s Repsol yesterday to buy 40 per cent of its Brazilian business, giving China’s largest oil company access to Repsol Brasil’s estimated reserves of 1.2 billion barrels of oil and gas. The whopping price tag for Repsol Brasil – which values the company at nearly twice previous estimates – is a sign of China’s willingness to pay whatever it takes to lock in its future energy supplies and avoid social unrest. It will give the company enough cash to develop all its current oil projects, including two fields in the Santos Basin.

The Repsol deal is not China’s first in Brazil. In February last year, Sinopec stumped up a $10bn loan to Petrobras, the state-owned oil company, in return for guaranteed supplies of 10,000 barrels of oil every day for the next 10 years.

It also follows a slew of similar deals across the world. While much of the developed world is baulking at its debts in the aftermath of the financial crisis, China has continued a global spending spree of unprecedented proportions, snapping up everything from oil and gas reserves to mining concessions to agricultural land, with vast reserves of US dollars.

This year alone, Chinese companies have laid out billions of dollars buying up stakes in Canada’s oil sands, a Guinean iron ore mine, oil fields in Angola and Uganda, an Argentinian oil company and a major Australian coal-bed methane gas company.

“China is rich in people but short of resources, and it wants to have stable supplies of its own rather than having to buy on the open market,” Jonathan Fenby, China expert and director of research group Trusted Resources, said.

Read moreChina’s Billions Buy Up Resources Worldwide

World Gripped By ‘International Currency War’

• Brazilian finance minister Guido Mantega speaks out against devaluations

• Economists fear increasing currency volatility and instability

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A Chinese bank teller counts notes in Beijing. China has kept the yuan weak to boost exports and has resisted US pressure to allow it to rise Photograph: Frederic J Brown/AFP/Getty Images

The world is in the midst of an “international currency war” according to Brazil’s finance minister as governments force down the value of their currencies to boost their struggling economies.

The comments are the first public admission made by a senior policymaker about a practice which has become increasingly widespread since the global economic downturn.

Many countries, notably China, have been deliberately weakening their currencies by selling them on foreign exchanges or keeping interest rates artificially low to make their exports cheaper.

Economists fear that such moves are resulting in increasing currency volatility and instability. Increasing competition among individual countries to devalue also makes it harder to mount a co-ordinated policy response to the economic downturn, particularly amid fears of a renewed slowdown.

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Video: Brazilian Indians Bury Their Children Alive

Update:

Hakani

‘Hakani’ is a film produced by the American fundamentalist missionary organisation Youth With a Mission.

It claims to be the “true story” of a Brazilian Indian child called Hakani who was supposedly buried alive by her tribe, the Suruwaha.

In fact, the film was faked – and even the missionaries who produced it ‘admit there is no way to verify what they say happened’.

Source: http://www.survivalinternational.org/about/hakani


Warning: GRAPHIC CONTENT!

brazilian-indians-bury-their-children-alive

We get sick when we remember that Nazis murdered handicapped people, but nothing has really changed. The communists, who have been pushing for free abortions in Brazil,  are now supporting the “right” of Brazilian indians to BURY ALIVE  handicapped or unwanted children, even when the mothers want to take care of them. The reason is that this is a cultural tradition that can’t be violated.

The organization which made a video about this horror has been accused of cultural crime ! A monster named Mercio Gomes, former chief of the Indian Authority in Brazil and an America hating marxist, is behind this nonsense.

Recently, Google CENSORED the video, that was part of a campaign to help the children.

There is still one copy of the video that was uploaded recently (caution: strong images):

Read moreVideo: Brazilian Indians Bury Their Children Alive

Amazon River Dolphins Being Slaughtered for Bait

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An Amazon river dolphin emerges from Ariau River in Rio Negro, Brazil, in July 2008. Scientists say the species is seriously threatened by fishermen who slaughter the animals to use their flesh as fishing bait.

RIO DE JANEIRO (July 11) — The bright pink color gives them a striking appearance in the muddy jungle waters. That Amazon river dolphins are also gentle and curious makes them easy targets for nets and harpoons as they swim fearlessly up to fishing boats.

Now, their carcasses are showing up in record numbers on riverbanks, their flesh torn away for fishing bait, causing researchers to warn of a growing threat to a species that has already disappeared in other parts of the world.

“The population of the river dolphins will collapse if these fishermen are not stopped from killing them,” said Vera da Silva, the top aquatic mammals expert at the government’s Institute of Amazonian Research. “We’ve been studying an area of 11,000 hectares for 17 years, and of late the population is dropping 7 percent each year.”

That translates to about 1,500 dolphins killed annually in the part of the Mamiraua Reserve of the western Amazon where da Silva studies the mammals.

Da Silva said researchers first began finding dolphin carcasses along riverbanks around the year 2000. They were obviously killed by human hands: sliced open and quartered, with their flesh cut away.

Read moreAmazon River Dolphins Being Slaughtered for Bait

Brazil Floods: 1,000 Missing, 39 Dead, 100,000 Homeless

Floods after days of driving rain have killed at least 39 people in northeastern Brazil, and left 1,000 unaccounted for and another 100,000 people homeless.



President Luiz Inacio Lula da Silva has called a crisis cabinet meeting and said the government would make federal funds available to help the homeless.

“Up until the early afternoon we had 26 confirmed dead in Alagoas and more than 1,000 people missing,” Teotonio Vilela Filho, the Alagoas Governor, said.

“We are praying for the missing to be found alive. But we are very worried because bodies are starting to turn up on beaches and on riverbanks,” Mr Vilela said.

Civil defence officials in devastated Alagoas state said the Mundau River burst its banks in the town of Uniao dos Palmares, leaving at least 500 people unaccounted for there.

“Pernambuco state’s rivers all run out through Alagoas. Swollen as they were they devastated cities,” Mr Vilela said. Thirteen people have been confirmed dead so far in Pernambuco, officials said.

The torrents swept away more than 40,000 houses, entire bridges and streets, as well as rail lines in 22 towns across Alagoas, Vilela said.

Read moreBrazil Floods: 1,000 Missing, 39 Dead, 100,000 Homeless

Brazil: Police Chief Shot Dead While Giving Radio Interview on Drug Violence

Commander of Camacari force was discussing fight against traffickers when he was assassinated on way to work

Brazil has a burgeoning drug problem, as police fight gangs who control supply to the addicts
Brazil has a burgeoning drug problem, as police fight gangs who control supply to the addicts in the slums. (Reuters)

For police chief Clayton Leão Chaves it was supposed to be another day at the office. At around 9.40am this morning, he was making his daily journey to the police HQ in Camacari, a small city in Bahia state, and giving an interview to local radio on his mobile phone about the police’s struggle against local drug traffickers.

Then something went badly wrong.

“I heard some bangs,” one of the shows two presenters announced, perplexed, as the police chief’s voice disappeared.

“Something serious has happened to our chief. It can’t be anything else,” said his co-presenter, adding: “The chief was just talking to us. We don’t know what has happened. There is a lady weeping.”

According to local media reports, Chaves had been killed as he spoke to journalists from Bahia’s Lider FM radio station and to thousands of local listeners about attempts to improve security.

Read moreBrazil: Police Chief Shot Dead While Giving Radio Interview on Drug Violence

Catholic priest, 84, receiving oral sex from a choirboy in front of a local church altar caught on video

(AFP) — An 84-year-old Brazilian priest caught on camera in a sex act with a choirboy has been arrested and put in detention.

The 30-day detention was ordered by a judge to prevent the priest, Luiz Marques Barbosa, fleeing pending the outcome of a criminal investigation for pedophilia, a spokesman for the police unit in the town of Arapiraca said.

“As Father Barbosa was chaplain for Sao Paulo’s military police, he has the privilege of being detained in our barracks instead of going to jail,” the spokesman said.

Barbosa’s case, which adds to a pedophile scandal tarnishing the Catholic Church, came to light a month ago when a Brazilian television channel broadcast video footage of the priest receiving oral sex from a choirboy in front of a local church altar.

The incident scandalised Brazil, where 74 per cent of the 190-million strong population is Catholic.

Read moreCatholic priest, 84, receiving oral sex from a choirboy in front of a local church altar caught on video

The demise of the US dollar

From the article:
“These plans will change the face of international financial transactions,” one Chinese banker said. “America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.”

Robert Fisk’s report is accurate and the following denial is just disinformation:

–  Oil states say no talks on replacing dollar (Reuters):
ISTANBUL/SYDNEY (Reuters) – Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in trading oil.

The dollar eased in response to the report, which was written by The Independent’s Middle East correspondent Robert Fisk and cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong.

The plan is to bring down the US. The US constitution is still a major threat to the ‘New World Order’ and the elite.

US citizens need to be disarmed, their freedoms and the dollar need to be destroyed, so that the new global currency and the ‘New World Order’ can be established.

The elite wants to turn the US into a Third World country.

Prepare yourself for the greatest collapse in history.

Got gold (silver, food, water, guns and ammunition)?

Gold Jumps to Record High as Inflation Outlook Fuels Investor Demand


In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

torn-dollar
Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars.

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

The Americans, who are aware the meetings have taken place – although they have not discovered the details – are sure to fight this international cabal which will include hitherto loyal allies Japan and the Gulf Arabs. Against the background to these currency meetings, Sun Bigan, China’s former special envoy to the Middle East, has warned there is a risk of deepening divisions between China and the US over influence and oil in the Middle East. “Bilateral quarrels and clashes are unavoidable,” he told the Asia and Africa Review. “We cannot lower vigilance against hostility in the Middle East over energy interests and security.”

This sounds like a dangerous prediction of a future economic war between the US and China over Middle East oil – yet again turning the region’s conflicts into a battle for great power supremacy. China uses more oil incrementally than the US because its growth is less energy efficient. The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold. An indication of the huge amounts involved can be gained from the wealth of Abu Dhabi, Saudi Arabia, Kuwait and Qatar who together hold an estimated $2.1 trillion in dollar reserves.

Read moreThe demise of the US dollar

After China, Brazil Eyes Non-Dollar Trade With India

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SAO PAULO (Dow Jones)–Brazil is considering using its own currency when conducting trade with India, the local Estado de Sao Paulo newspaper said Monday.

Central Bank President Henrique Meirelles met with Indian banking officials in Europe at the Bank for International Settlements meeting over the weekend to discuss the move away from the dollar in trade between the nations, Estado reported.

Brazil and China are also conducting studies on how to shed the dollar in trade, according to Estado.

Read moreAfter China, Brazil Eyes Non-Dollar Trade With India

China, Russia, India and Brazil shed U.S. dollar reserves

dollar

China, Russia, India and Brazil, collectively known as the Bric countries, are holding their first formal summit in the Russian city of Yekaterinburg.

Brazil, Russia, India and China are considering buying each other’s bonds and swapping currencies to lessen dependence on the U.S. dollar.

The BRIC countries are among the biggest holders of U.S. Treasuries and have combined reserves of $2.8 trillion.

China, Russia and, to a lesser extent, Brazil have expressed a desire to see the dollar one day replaced as the world’s main trading currency.

And fears that these big holders of dollar assets may be looking to switch from the US currency have unsettled financial markets and US politicians.

Related article: Dollar slides after Russia comments, BRIC summit (Reuters)

The summit will be “a launch pad for our future talks,” Medvedev said at the start of the meeting. The talks would give the countries the opportunity to “implement new economic programs and reform international financial relations,” he said.

The Russian leader reiterated his intention to push for the creation of a “supranational currency” to challenge the dollar and encouraged China and called on other Shanghai group members to use each other’s currencies for trade.

“There can be no successful global currency system if the financial instruments that are used are denominated in only one currency,” Medvedev said. “Today this is the case and the currency is the dollar.”

International purchases of U.S. assets shrank between March and April as China, Japan, Russia and Brazil trimmed their holdings of Treasuries.

China cuts US Treasury bond holdings by US$4.4b

According to the data posted on the web site of the US Department of Treasury, China holds US$763.5 billion in US Treasury bonds by end of April, down by US$4.4 billion from previous month’s US$767.9 billion. This was the first time that China had decreased its US Treasury bond holdings this year.

Confirmed by Bloomberg:

Graph: Bloomberg News