CRN: China’s Central Bank Printed More Currency than the U.S.
A Clash of Values, Part I
Introduction
There can be no greater difference between forms of government than between the United States of America and the People’s Republic of China (PRC). Their foundations and goals and the means they use to achieve them lie in stark contrast. The United States came about as the result of a revolution that resulted in the promulgation of its Founding Principles to ensure the freedom and guarantee the rights of the governed. The PRC is a Communist government that came about as a result of violent revolution. Its leaders then “transformed its revolutionary idealism into a conservative reactionary autocracy.” They believed “that they themselves were the embodiment of ‘the people’ or ‘the general will’ and thus had full legitimacy to use all means possible, including dictatorship and terrorist killings to achieve this goal.” [1]
This series of articles explores the contrast between the two from the perspective of the United States’ founding principles as an example of the greatness that a government can achieve as compared to a regime based on a usurpation of power and its continuance at the barrel of a gun. Part I describes America’s Founding and the principles on which it is based.
Youth.cn Defends the Party’s Role in Media Control
Radio Free Asia: Half of World’s Black Dollars Are from China; Capital Flight Is Accelerating
Air Quality Deteriorates in Large Areas in China; Public Advised to Stay Inside
U.S. Uses Its Hegemonic Position to Gain US$7 Trillion in Dividends in 2011, Nearly Half from China
On January 8, 2013, the National Health Study Group of the Chinese Academy of Sciences issued a "National Health Report." The report declared that the U.S. gained a total of US$7.39609 trillion in dividends in 2011 as a result of its hegemonic position in the world. That amount is 96.8 percent of such dividends for the entire world. China is the biggest loser; it lost a total of US$3.6634 trillion, which is 47.9 percent of the total. The report also calculated that the dividend resulting from the U.S. hegemonic position is as high as 52.38 percent of its GDP, i.e. 52.38 percent of the U.S. GDP was obtained as a result of its hegemony. In the report, hegemonic dividend is defined as the dividend the hegemonic nation gains through directly or indirectly accruing profits through its position as a monopoly and through its established hegemonic system throughout the the world.
The report also asserted that 60 percent of Chinese laborers’ working hours were spent working for free for monopoly capital, thus creating "extra value" for them.
Source: People’s Daily, January 9, 2013
http://finance.people.com.cn/n/2013/0109/c1004-20136081.html
Huanqiu: Japan and U.S. Jointly Deal with China’s Surveillance of the Diaoyu Islands
China’s state media Huanqiu reported that Japan and the U.S. have reached an agreement that they would jointly cope with Chinese ships and airplanes entering the sea around the Diaoyu Islands. Japan released the news unilaterally. The report stated that the agreement was reached when Japan’s Defense Minister called on the U.S. Secretary of Defense. Japan promised that it would completely cooperate with the U.S.’s new Asia Pacific security strategy. It said that Japan views the enhancement of the Japan-U.S. alliance as an important weapon to deal with conflicts with its neighboring countries.
Source: Huanqiu, January 9, 2013 http://world.huanqiu.com/exclusive/2013-01/3463069.html