Showing posts with label Uigher. Show all posts
Showing posts with label Uigher. Show all posts

Thursday, February 25, 2016

World News and Trends Sino-American currency war expected

From http://el-paso.ucg.org/ or call 1-888-886-8632. Please follow this site here.

Login or Create an Account

With a UCG.org account you will be able to save items to read and study later!
Sign In | Sign Up
×
Downloads
MP3 Audio (13.86 MB)

Downloads

World News and Trends: Sino-American currency war expected

MP3 Audio (13.86 MB)
×
The Wall Street Journal reports: “The U.S. and China deepened their confrontation over Beijing's foreign-exchange policies, prompting fears that the dispute could undermine economic relations between the world's two largest economies … The increasingly hostile rhetoric suggests that leaders aren't moving closer to an agreement over how best to address the issue” (Damian Paletta and John Miller, “China, U.S. Step Up Fight Over Currency],” Oct. 7, 2010).
Reuters columnist James Saft put it this way: “China is so adroit in melding diplomacy, jawboning and action to keep the value of its currency low, that you have to feel something approaching compassion for the plodding adversaries from the United States, Europe and Japan” (“China's Skill Is Breeding Frustration,” International Herald Tribune, Oct. 6, 2010, emphasis added throughout).
The recent fall of the dollar offers no encouragement in effectively marketing potentially lucrative exports. The Wall Street Journal reported that “the U.S. dollar touched record lows against several currencies [Oct. 7], adding to already high levels of strains between countries competing in the financial markets to keep their export markets competitive … As [the]  dollar weakens, talk of a 'currency war' is building” (Tom Lauricella, “As Dollar Falls, No Clear Path Toward Stability,” Oct. 8, 2010).
The Financial Times also expressed its concerns: “If the world is on the brink of an out-and-out currency war, a variety of battalions has been out on manoeuvres in the past few weeks. The Bank of Japan … has launched a fusillade of intervention to hold down [Japan's currency] the yen in foreign exchange markets … The main combatants, the US and China, continued to exchange rhetorical salvos” (Alan Beattie, “Global Economy: Going Head to Head,” Oct. 8, 2010). The same article noted that, according to the managing director of the International Monetary Fund (IMF), “There is clearly the idea beginning to circulate that currencies can be used as a policy weapon.”
Recent diplomatic pressure by the European Union (EU) to persuade China to let the yuan rise to ease the situation has been met with strongly stated rebuffs voiced by Chinese Premier Wen Jiabao. Clearly Beijing has the monetary reserves to maintain a relatively weak currency.
Financial Times columnist John Authers sums up the potential risks: “First that a 'loser' in the currency war snaps and resorts to a trade war and second that currency traders get caught as they did in 2008 and lose a bundle. Those losses could cascade elsewhere in the [global] financial system” (“Everyone Will Lose in a Global Currency War,” Oct. 10, 2010).
Such developments would compound the fragility of the financial infrastructure around the world, especially at a time when many nations are trying to climb out of the worldwide recession. (Sources: The Wall Street Journal, Financial Times [London].)

You might also be interested in...

Friday, January 8, 2016

The Missing Unemployment Statistics

From http://el-paso.ucg.org/ or call 1-888-886-8632. Please follow this site here.

According to the Lansing State Journal (8/23), Michigan's hard hit economy is looking better. Unemployment has dropped from 15.2% to below 15%, the paper has twice reported.
I might feel a lot better if I could take this at face value. Unfortunately, the hard figures reveal a different story!

Unemployment is under reported

My son works for the state's department of unemployment, sometimes cynically described as “the fastest growing sector of the Michigan economy.”
The reason unemployment figures are looking better, he explained, is because increasing numbers of people are coming off unemployment benefits.
Here is how it works.
Unemployed workers receive benefits for only a limited number of weeks. With extensions, people may now receive benefits for over a year but eventually they run out. That is now happening to more and more people.
My son also explained to me that 99,000 people in Michigan will have received all of their available state unemployment benefits by the end of this year. That means they could become destitute, with no income, no health insurance and unable to pay their mortgages—which indicates more foreclosures are to come!

Other unreported factors

That's not the only reason the unemployment numbers look better. People who move out of state are no longer counted as “unemployed.” Nor are people who retire. Nor are the tens of thousands who have returned to their native countries. Nor are those who are in part time work, some earning as little as $50 per week. Nor are those who have had their hours and pay cut.
“CNN Newsroom” (Sunday August 23rd) predicted that 650,000 people across the United States will lose their unemployment benefits by the end of this year. This includes the 99,000 in Michigan. The prediction is that 4.4 million Americans will lose theirs before the economy recovers. That's 4.4 million people with no means of feeding themselves, short of lining up at the local soup kitchen.
It's not a pretty picture, no matter how you look at it. Things are clearly not getting any better.
One economist, not alone in his concern, wrote an op-ed in the Financial Times August 25th on the increasing likelihood of a double dip recession similar to the Great Depression. Following the Crash of 1929 the economy actually started to pick up, with the Stock Market making gains for five months in a row. Then the sixth month came and the rest is history.
Some are saying the same is likely now. The 'D' word is increasingly mentioned.
Talk of “Depression” is enough to make anyone depressed, on a personal level.
The economic upheavals that frequently plague our economies won't end until Christ returns and establishes a godly financial system. So, what should a Christian who trusts God and believes His written Word do in times like this?

The appropriate response!

The Bible clearly instructs each of us to “seek first the Kingdom of God and His righteousness (Matthew 6:33).
In addition to praying each day “Thy kingdom come” (Matthew 6:10, King James Version), Christians should also remember to ask: “Give us this day our daily bread” (verse 11). Previous generations had to do this—often in times more challenging than now.
In the western world we've taken far too much for granted and have consistently failed to thank our Creator for all the physical blessings He has given to us. Faced with losing everything, this is a good time to start thanking God every day for all that He has given us.
Maybe for a while government can help if you lose your job, but that help won't last. Besides, the government is rapidly going broke. The U.S. deficit is so great that the BBC said a new word will soon be needed to describe it (BBC World News, PBS, 25th August).
Christians should not take anxious thought for tomorrow (Matthew 6:34). Worry never helps. Do what you can to help yourself and ask God each day to help you provide for your family needs.
How long this recession (or depression) will last cannot be accurately predicted. One thing is certain. We must all accept a lower standard of living, going without some of the pleasures we once took for granted. However, we can take assurance from King David who observed: “I have been young, and now am old; Yet I have not seen the righteous forsaken, nor his descendants begging bread” (Psalms 37:25).
As we go through this difficult time, let's all remember to pray more fervently, “Thy kingdom come.” And for a really in depth understanding of what that Kingdom will be like, please request, read online or download our free booklet, The Gospel of the Kingdom  .

You might also be interested in...

What does God say about lying? If you are a habitual liar, where will that get...
What does the Bible have to say about the Church immediately before the return...

Thursday, January 7, 2016

Japan Considers Preemptive Strike on North Korea

From http://el-paso.ucg.org/ or call 1-888-886-8632. Please follow this site here.


 
After North Korea's provocative missile tests in early July, Japan said it was considering whether a preemptive strike on North Korea's missile bases would violate its constitution.
According to Mari Yamaguchi (AP, July 10), several government officials openly discussed whether the country ought to take steps to better defend itself, including setting up the legal framework to allow Japan to launch a preemptive strike.
“If we accept that there is no other option to prevent an attack… there is the view that attacking the launch base of the guided missiles is within the constitutional right of self-defense. We need to deepen discussion,” Chief Cabinet Secretary Shinzo Abe said.
“With all of Japan easily within range of North Korean missiles, an opinion poll conducted by Japan's NHK television showed that 82 percent of respondents in Japan said they felt 'fearful' or 'somewhat fearful' of the seven or more missiles that North Korea shot into the Sea of Japan on July 4,” reported Anthony Faiola in the Washington Post  July 11.
Japan's constitution, written after World War II, prohibits the use of military force, though Japan does maintain a 240,000-strong self-defense force.
However, AP quoted a Japanese Defense Agency spokeswoman as saying Japan has no attacking weapons such as ballistic missiles that could reach North Korea. Its forces only have ground-to-air missiles and ground-to-vessel missiles, she said on condition of anonymity.
For their part, North Korea scoffed at the UN Security Council resolution asking it to quit launching missiles and return to six-party talks. “The vicious, hostile policy of the U.S. and the irresponsibility of the UN Security Council have created an extremely dangerous situation on the Korean Peninsula,” said a North Korean Foreign Ministry statement ( The Week,  July 28, 2006).
—Sources: AP,  The Week,  WashingtonPost.com

You might also be interested in...

North Koreans make themselves the focus of major powers.
I don't think any European should speak or write about today's conflict in the...

Thursday, June 5, 2014

The Rise of the Asian Dragon

From http://el-paso.ucg.org/  or call 1-888-886-8632. Please follow on twitter here: https://twitter.com/UCGElPaso.


The Rise of the Asian Dragon





Printer-friendly version


How do China's amazing transformation and increasing global power fit into prophesied end-time events?

During his recent trip to Asia, American President Barack Obama declared, "The fortunes of America and the Asia Pacific have become more closely linked than ever before." He "singled out China as a primary engine for sustaining the world's economic recovery" and welcomed "Beijing's greater role on the world stage" ("In Japan, Obama Stresses Asia's Role in U.S. Economy," Washington Post, Nov. 14, 2009).
China's greater global influence has led many analysts to predict that China will rival the United States as a global superpower by 2020. China's amazing transformation to greater economic, political and military influence over the past three decades is astounding and may have far-reaching effects on how events leading to Christ's return play out.

Transitioning to global power?

The Asian dragon is a symbol of power and strength often used in the West as a national emblem of China. I visited this fascinating country in 1984 as anchor for an ABC affiliate television documentary, A Glimpse of China Today. China was just beginning to emerge economically and politically from its long isolation. At that time, six years had passed since the introduction of market reforms by the Chinese Communist Party. American President Ronald Reagan visited China earlier the same year, being the third consecutive president to do so.
In interviews with street merchants, many of them peasants, it was clear that a new wave of economic reform was taking hold, allowing some entrepreneurs to carve out a new way of life. A small middle class was beginning to emerge as China's access to the outside world began to transform the 5,000-year-old civilization.
The question remained, Could China rise to become a major power? Throughout much of its history China's enormous population, land mass and political influence made it the center of gravity in world affairs unequaled by any other nation in the region.
China's dominance ended after two millennia as a result of the dynasties' gradual weakening, lack of technological innovation and defeat in the Anglo-Chinese (or Opium) Wars of the 19th century. "In fact, China was the largest economy for much of recorded history...In 1820 it still accounted for 30% of world GDP [Gross Domestic Product]" ("A Survey of the World Economy—the Real Great Leap Forward," The Economist, Oct. 2, 2004, p. 5).

The long march from Marxism

Chairman Mao Tse-tung led the Communists to power in 1949 and brought the country into isolationism. After his death in 1976, China chose new leadership with a new formula for strengthening the country for the modern world. Veteran politician Deng Xiaoping became chairman in 1981 and implemented changes that decoupled the economy from politics, allowing a command economy controlled by the government to transform into a market-based economy where free enterprise could take root.
Upon Den Xiaopeng's death in 1997, The Washington Post commented, "Deng had guided the country out of the chaos of the Cultural Revolution, flung open China's doors to the outside world and loosened the grip of central economic planning while insisting that the Communist Party's monopoly on power go unchallenged" ("China's Deng Xiaoping Is Dead at 92," Feb. 20, 1997).
Technological advances and manufacturing skills quickly developed. Politically, however, China remained under the tight control of the Communist Party, as the crushing of the 1989 Tiananmen Square student uprising demonstrated.
In 1995 I hosted a delegation of Chinese officials, including several political leaders from the manufacturing area just outside Shanghai. They toured American manufacturing facilities looking for new ideas and technologies. Over the next decade and a half, hundreds of similar groups traveled the world and used many other means to advance the manufacturing and technological capabilities of the Chinese industrial complex.
In 1996 China launched three nuclear-capable M-9 missiles toward Taiwan, increasing tensions with Taiwan's American ally and reinforcing China's growing military power and nuclear weapons capability. In 2007 China again showed its growing sophistication by launching an antisatellite missile, destroying a satellite in space. They have also launched two- and three-man crews into orbit.
In 1997, after 156 years of British rule, Hong Kong was handed over to Beijing's Communist leaders. They began the tricky task of managing one of the world's most sophisticated modern economies and 6 million people who were immersed in capitalism.
Today, China's growing urbanization, gargantuan global manufacturing operation, technological advancement and major military spending and output position it for growing global influence.

Growing economic influence

"China's population of 1.3 billion makes it the most populous nation on earth with a fifth of the world's people. It is estimated that by 2025, China will have the world's largest middle class" ( Foreign Policy, March/April 2008).
China's high growth rate, low labor costs and a huge emerging market have attracted the world's highest levels of direct foreign investment.
"Over the past 20 years, China has made an unprecedented leap from being the world's tenth-biggest economy to becoming number two. Its GDP has increased by an average of almost 10% a year for the past 30 years" (Pam Woodall, The World in 2010, 2009). In 2010 "its exports will reach 10% of world trade" (ibid.). It has $1.5 trillion in reserves, is the largest holder of U.S. government debt and is America's second-largest trading partner.
China's economy will likely grow by 8.3 percent in 2009 and 10.9 percent in 2010, while the world economy will grow by just 3.3 percent in 2010. China's economy could overtake the United States in less than 20 years ("Crisis Speeds BRIC Rise to Power," Reuters, June 2009).

Military power

China has the world's second largest navy and the largest standing armed forces with over 2.25 million troops. They have integrated former Soviet weapons technology with advanced Western manufacturing.
China recently became the world's second biggest military spender behind the United States. According to the Stockholm International Peace Research Institute, "China is continuing to acquire both domestic and foreign arms as it seeks to equip its armed forces for conditions of modern 'informationalized' warfare" (Nov. 7, 2009). China employs sophisticated precision weapons, high-tech information and communications technology. While global arms spending rose 4 percent in 2008, China's grew by 10 percent to an estimated $84.9 billion.
The Center for Security Studies (CSS) reported, "According to official sources, defense spending has increased by an inflation-adjusted 300 percent over the past decade" ("The Rise of China: Regional and Global Power Shifts," CSS Analyses in Security Policy, February 2007).
Christopher Foss, editor of Jane's Armour and Artillery, was recently quoted in London's Telegraph: "China is a highly manoeuverable force able to operate anywhere as good if not better than Western armies" ("China Aims for Military Might ," Sept. 28. 2009). By 2015 China will likely possess six Jin-class submarines with the capacity "of firing the JL2 ballistic nuclear missile that could threaten both the western and eastern American seaboards" (ibid., emphasis added). The Economist reports that China "has a few dozen land-based nuclear missiles capable of hitting some or all parts of America" ("Overkill," Oct. 22, 2009).

International influence

China's need for fuel and other natural resources has increased its interest in creating international relationships. It is the world's second largest consumer of oil (following America), with proven oil reserves of about half that of the United States ("BP Statistical Review of World Energy," June 2009).
China began importing oil in 1993 and "by 2025, imports will account for 75 percent of China's oil consumption" (China Institute of Contemporary International Relations, October 2007). "In 15 years, China is expected to surpass the US as the world's largest spender on oil and natural gas" ("ExxonMobil to Boost Mainland Sales," China Daily, Nov. 12, 2009).
The largest source of China's oil is the Middle East, providing about half of its needs (U.S. Government Energy Information Administration, July 2009). This growing dependency has led to investing in energy in several countries in the region including Sudan, Iran and Syria. It is a favored trading partner and established the China-Arab Cooperation Forum to build closer relationships. It negotiates with the Gulf Cooperation Council members. Its recent energy deal with Tehran for $100 billion was harshly criticized by the United States (CSS Analyses in Security Policy).
What happens in China today is critical to the future of our world. China's amazing economic, political and military transformation over the past three decades is astounding and will likely have far-reaching effects on the end-time events leading to Christ's return.

End-time events

The Bible reveals that at the time of the end, during the Great Tribulation, the world will be dominated by a commercial, political and military union of 10 kings that combine power with the "beast" for a short period of time (Revelation:17:12-14).
The prophet Daniel refers to this power as the king of the North (Daniel:11:40). He will sweep down with major military force, occupying Jerusalem and much of the Middle East in response to aggressive actions by the king of the South (verses 40-43). "But news from the east and the north [of Jerusalem] shall trouble him; therefore he shall go out with great fury to destroy and annihilate many" (verse 44, emphasis added throughout).
Revelation:9:13-19 reveals that a massive 200-million-man army will arise from the region east of the Euphrates River. They are prepared for battle and ride on what the author John describes as horses with heads like lions that spew out fire, smoke and brimstone. "By these three plagues a third of mankind was killed" (verse 18).
This appears to be John's best effort to describe the modern warfare he was seeing in vision. The description given and the massive numbers of deaths may indicate the use of modern weapons of mass destruction (verse 19).
At the time John wrote, the eastern border of the Roman Empire was the Euphrates River, which begins in Turkey and bisects Syria and Iraq before emptying into the Persian Gulf. The countries involved with the kings of the North and South are located west of this river. From where does this massive army of the East arise?
Currently China is the major power east of Jerusalem. It has the capacity to form the nucleus of a massive army, has the fastest growing economy, spends a large percentage of its annual GDP on the military and possesses nuclear and other weapons of mass destruction. In addition, it is creating close ties with other Asian nations as well as many in the Middle East.
It is also possible that a multinational Islamic force from countries along or to the north and east of the Euphrates will join forces. This could include nations like Turkey, Syria, Iraq, Iran, Pakistan, Afghanistan and India. India has the world's second-largest Muslim population, even though most of its citizens are Hindus.
A regional threat could provoke some or all of these nations to come together to fight a common foe. The aggressive military actions of the king of the North could rally them to form a massive counterforce. Even a threat to the Persian Gulf oil supply, upon which many Asian nations rely, could provoke a military response.
These events are followed by a continued buildup of the eastern powers as we see in Revelation:16:12: "Then the sixth angel poured out his bowl on the great river Euphrates, and its water was dried up, so that the way of the kings from the east might be prepared." Notice more than one king is involved.
This may be a second phase of the overall operation begun earlier at the blowing of the sixth of the "seven trumpets" (Revelation:8:6; 9:13-21). The trumpets are followed by the "seven last plagues" or "seven golden bowls full of the wrath of God" (15:1, 7), the sixth of which includes the drying up the Euphrates (16:12). Each of these bowls of wrath appear to fall quickly one after another as the Great Tribulation comes to a close and armies of the kings of the "whole world" gather at Armageddon (verses 14-16) before they battle the returning Jesus Christ at Jerusalem 55 miles south (19:17-21; Joel:3:9-14).
For more information on the trumpets and last plagues of Revelation, request or download The Book of Revelation Unveiled . For an overview of the grand sweep of prophecy, also request or download You Can Understand Bible Prophecy .

Wednesday, April 9, 2014

Missing Plane Underscores Culture of Fear

From http://el-paso.ucg.org/  or call 1-888-886-8632. Please follow on twitter here: https://twitter.com/UCGElPaso.




Missing Plane Underscores Culture of Fear




Source: Laurent Errera/Wikimedia Commons
After a long, arduous search, Malaysia Airlines Flight 370 is still missing. After its communications went silent and its tracking systems were turned off, the Malaysian flight baffled investigators by its apparent disappearance "out of thin air."
The missing airliner and the subsequent search generated a variety of response. Many observers were rightly concerned for the safety of the 227 passengers and 12 crew members. Their friends and family members endured long hours of uncertainty. CNN drew interest and criticism for its airing of various theories of the plane’s fate—some sensible and some not.
Maybe most notable in the situation was the level of fear and uncertainty the announcement and search caused worldwide. News outlets widely theorized the plane was hijacked, with possible destinations being Pakistan, Kazakhstan or Iran.
This story was a breeding ground of uncertainty, doubt and fear.
We live in a world of terror, and a glance at the newspaper confirms it. But you don’t have to live in fear of the unknown dangers of the world. The cure for fear and doubt is trust in God.
Those who fear and seek God have no need to live in terror, however. Of those who trust in Him Psalm 91 says, "You shall not be afraid of the terror by night" (Psalm:91:5). Trust in God, and leave the fear and uncertainty beyond the headlines behind.

Tuesday, January 7, 2014

World News and Trends: Turkey: Independent regional powerhouse?

From http://el-paso.ucg.org/  or call 1-888-886-8632.


World News and Trends: Turkey: Independent regional powerhouse?

Printer-friendly version


Modern Turkey's claim to a unique global role is partially based on its development out of the Ottoman Empire

British Labour Party Member of Parliament Denis MacShane recently summed up Turkey's current circumstances: "In the Cold War years Turkey was unquestionably accepted as the West's most important frontier nation. Now it seems to prefer coddling Iran over backing the U.N. Security Council's harder line against Tehran. Disputes with Israel, once a key friend of Turkey, have become so bad, there is almost a rupture between the only two democracies in the region" ("Stop the Blame Game," Newsweek, July 23, 2010).
Turkey has even voted against United Nations–sponsored sanctions intended to rein in Iran's nuclear ambitions.
Time magazine selected "Turning to the East" as the title for a feature article about Turkey. The teaser for the article stated, "Feeling betrayed by Israel and snubbed by Europe, Turkey is forging a new identity as an independent regional power" (Pelin Turgut, July 5, 2010).
Modern Turkey's claim to a unique global role is partially based on its development out of the Ottoman Empire (roughly 1345 to 1918)—stretching from just outside Vienna, Austria, to the Persian Gulf. Ankara, Turkey's capital, also remains centrally located between East and West— theoretically interfacing between these two different worlds.
Newsweek's feature piece placed "Ankara in the Middle." The article stated: "Once an unquestioning U.S. ally, and [today] at odds with most of its neighbors, Turkey is now forging a new foreign policy, with itself at the very center" (Owen Matthews, Newsweek, July 26, 2010).
U.S. Secretary of Defense Robert Gates observed that "if there is anything to the notion that Turkey is, if you will, moving eastward, it is, in my view, in no small part because it was pushed, and pushed by some in Europe refusing to give Turkey the kind of organic link to the West that Turkey sought" (as quoted by Marc Champion and Peter Spiegel, "Gates Says EU Pushed Turkey Away," The Wall Street Journal, June 10, 2010). Clearly America's political leadership has become very concerned about this new direction in Ankara's thinking. (Sources: Time, Newsweek, The Wall Street Journal. )

Monday, August 6, 2012

World News and Trends- India and China: the diplomatic conflict

From http://el-paso.ucg.org/  or call 1-888-886-8632.







article by Jerold Aust, John Ross Schroeder





What may help America in countering Chinese ambitions, at least temporarily, is the current diplomatic conflict between China and India.



What may help America in countering Chinese ambitions, at least temporarily, is the current diplomatic conflict between China and India. David Blair, covering Chinese affairs for London's Daily Telegraph, recently wrote, "India, revitalized and self-confident, sees itself as a barrier to the vaulting ambition of its age-old rival [China]" ( The Sunday Telegraph, Sept. 14, 2008).



Advantageous for New Delhi is that " India sits like an ancient aircraft carrier across Chinese shipping lanes." According to The Telegraph, "The two giant powers are long-standing rivals who share a disputed 2,100-mile border and are waging a diplomatic struggle for influence in Asia . They fought a border war in 1962, which ended in victory for China and left Beijing in control of 16,500 square miles of territory claimed by India" (Sept. 16, 2008).



China has a potential Achilles' heel in the Strait of Malacca, the shipping lanes that may be the site for a future military conflict between India and the Chinese republic. In contrast, India worries that Chinese courting of Pakistan and Myanmar will lead to the encirclement of the subcontinent nation. The United States is cooperating with and supporting India, as the two countries have obvious mutual interests in countering and containing Chinese ambitions.



David Blair concluded in another of his Telegraph articles that "China and India, which together comprise almost 40% of the world's population, harbour a longstanding rivalry which could shake the world in future decades" (Sept. 16, 2008). (Sources: The Sunday Telegraph [London], Telegraph.co.uk.)

.