China Buys Building Housing JP Morgans Gold Vault, Buys Majority Stake in UK Nuke Power Plants, and Downgrades US Credit Rating!
Coming to a neighborhood near you – part of Obama’s Trans-Pacific Partnership program.
Britain said on Thursday that it would allow Chinese firms to buy stakes in British nuclear power plants and eventually acquire majority holdings.
The agreement, which comes with caveats, opens the way for China’s fast-growing nuclear industry to play a significant role in Britain’s plans to proceed with construction of its first new reactor in nearly two decades.
George Osborne, chancellor of the Exchequer, made the announcement on Thursday while visiting a nuclear power station in southern China.
CHINESE DOWNGRADE U.S. CREDIT ANYWAY
‘Debt growth’ still outpaces income and gross domestic product
China’s Largest Conglomerate Buys Building Housing JPMorgan’s Gold Vault
In what is the most remarkable news of the day, which has so far passed very quietly under the radar, Fosun International, China’s largest private-owned conglomerate which invests in commodities, properties and pharmaceuticals also known as “Shanghai’s Hutchison Whampoa”, announced in a statement filed just as quietly with the Hong Kong stock exchange, that it had purchased JPM’s iconic former headquarters, the tower built by none other than David Rockefeller, at 1 Chase Manhattan Plaza for a measly $725 million.
Here is Bloomberg described the transaction:
Average income in China is $2,100, yet 2% of China’s population buys one-third of the world’s luxury items
China Couple Sells Baby Online & then Buys iPhone
China buys up Britain as politics takes a back seat
China took advantage of U.S. President Barack Obama’s absence at a key meeting of the Association of Southeast Asian Nations to assert itself and push for alternatives to the Trans-Pacific Partnership free trade arrangement.
China May Seize Control Of Entire US Financial System
Today acclaimed money manager Stephen Leeb stunned King World News when he warned “if the Chinese were ready right now to seize power, they could probably take control of our financial system today.” Leeb also discussed the frightening implications of this for the United States as well as where the US is headed from here.
Leeb: “I am focused on the chaos in Washington. We need a situation where the politicians form some sort of cohesive unit that would suggest they are interested in growth and the well-being of the American people, but that doesn’t exist. Frankly, I’m angry. I’m an American. I have kids that are growing up here, and as I said, I’m really, really angry about what is transpiring….
“I see what is happening as the beginning of the end. I also continue to see what is taking place as a tremendous gift to China. We are just giving power to China — just handing it over to them. It’s as if we lost a big poker game to China, or we are in the process of losing.