Showing posts with label china. Show all posts
Showing posts with label china. Show all posts

Thursday, March 28, 2013

Bonds can be thriftless things at times. They go up, they go down. And when they go down stocks look so much more inviting.

The United Nations should go forward without fear, everyone is going to be fine.

The Asian Development Bank (ADB) Team, (click here) comprising Satoru Yamadera (Economist, ADB Office of Regional Economic Integration, - September 2011), Seung Jae Lee (Principal Financial Sector Specialist), Shinji Kawai 
(Senior Financial Sector Specialist, Banking), Shigehito Inukai (ADB consultant), Taiji Inui (ADB consultant), and Matthias Schmidt (ADB consultant), would like to 
express their sincere gratitude to National Members and Expert Institutions: The People’s Bank of China, China Central Depository & Clearing (CDCC, or Chinabond) and the National Association for Financial Market Institutional Investors (NAFMII) for the Inter-Bank Bond Market, and the China Securities Depository and Clearing Corporation (CSDCC, or Chinaclear) for the exchange-traded bond market. They 
kindly provided answers to the questionnaires prepared by the ADB team, thoroughly reviewed the draft versions of the Market Guide, and gave their valuable comments for their respective market segments....

Capitalism at it's worst. I feel commercial plane flights for the Ecuadorian government coming on.

Look, China went into these deals knowing the countries would go belly up on their debt. China had a plan to exploit these governments beyond their ability to maintain their sovereignty. It is not Ecuador's problem, it is China's problem in carrying out an aggressive capitalist take over of sovereign nations. It is China's problem, not that of the indigenous peoples. China knew exactly what it was doing and completely disregarded the human rights of the people no different than it disregards the human rights of it's own citizens.

Give there are larger numbers of indigenous in the face of austerity, it should work out well.


By Nathan Gill - Jun 24, 2011 6:37 PM ET
Ecuador’s bonds are rewarding investors (click here) with the best performance in Latin America as Chinese loans and higher oil prices boost confidence in the economy two years after the country defaulted on $3.2 billion in debt.
Ecuadorean dollar debt has returned 13 percent this year, compared with 5.2 percent for Latin American sovereigns on average, according to JPMorgan Chase & Co. Yields on bonds due 2015 fell 238 basis points, or 2.38 percentage points, this year to 9.59 percent. Similar maturity Brazilian bonds yield 1.9 percent, down 97 basis points from the end of December....

Oops, there goes the Chinese Renminbi. There has to be real consequences to China and making investments that inflict human rights violations is a good place to start. If China is going to play hardball with the Third World, they need to receive it in return.

If investors to China get caught up in the grind to stop human rights infractions, that's too bad, they knew better and greed drove their desire to back the deaths of innocent people.

The people of Ecuador has fought for their health for years only to have China destroy their lands.


China has methodically gone through Latin American dumping money into economy and now it is back to collect.

2005-12-11 04:00:00 PDT 
Taracoa, Ecuador 

On the porch (click here) of an Amazonian village store, a shirtless man flicks a rag at flies.
"Does Maruja Garrido live here?" we ask.
No answer. He raises his eyes, then flicks his rag again.
A woman in a pink dress appears beside him. "Yes?" she asks warily, peering at us, two foreigners.
"We're looking for Maruja Garrido," I say quickly. "We're journalists, looking to interview people who have cancer." Photographer Lou Dematteis and I had just come from the village health center where a doctor had given us her name.
The woman's eyes moisten. She hesitates. We wait. Then she motions to her teenage daughter to fetch two plastic chairs, and we are invited to sit on the porch....

Why does it matter to the USA? Climate, of course, but, it is opportunistic 'near shore' National Security problems.

The United Nations has an obligation as well. These are indigenous peoples now threatened with losing their lands.

Petroleum products are every bit the immoral plague it promises to be.

Indigenous groups claim they have not consented to oil projects, as politicians visit Beijing to publicise bidding process (click here)

Jonathan Kaiman
Tuesday, 26 March 2013

...According to the California-based NGO Amazon Watch, seven indigenous groups who inhabit the land claim that they have not consented to oil projects, which would devastate the area's environment and threaten their traditional way of life....



The country is not that big. There won't be land enough to support the populous soon.

The color map below is where oil blocks exist and where the indigenous lands exist. It looks as though a lot of the dealings of the Ecuador government when it comes to human rights falls into the conflict of the citizen and their right to land to live vs that or exploitative capitalism.



land: 276,841 sq km
water: 6,720 sq km
note: includes Galapagos Islands

Basically, the Ecuadorian government went ahead and played with the 'idea' of exploiting lands where they should not have. Their land use should never have included the indigenous people. Literally, the Ecuadorian government over extended their ability to exploit natural resources to obtain monies for their people. Literally, they can destroy the land to the point where it loses sovereignty for citizens to live there. Ecuador could become a Chinese province if the people are driven from the land for oil exploitation.

The previous episode noted in the article from 2005 where the citizens on the land were completely disregarded when the oil companies from the USA embarked on their drilling venture is an EXAMPLE to the extent the government never bothered to value their people.

The argument can always be made the Ecuadorian government was naive about the outcomes with the USA companies, but, it can't say that now.

Basically, the Ecuadorian government has to be reviewed to their dedication to the citizen. They could be considered a hostile regime based in capitalism. 

China has the same paradigm. Their capitalism overrides the health of the citizen, the stability of the land and its resources providing constant conflicts of interest. The air quality in China's cities is horrible. We are even seeing this trend in the USA with hydraulic fracturing and the devaluing of the citizen over the demands of capitalism. If land is uninhabitable there is no sovereignty of the citizens.

We all know that abandoned lands are eventually occupied by the poor and disenfranchised. Their longevity is always less in comparison to other citizens in the same country.

Where the petroleum interests of the planet exist there is pure disregard for human life. There are episodes like this throughout the history of the petroleum industry, some of the worst occurred and still occurs in Africa / Nigeria. The list goes on...

The map above continues to illustrate the insult to the peoples of Latin America. The Daily Kos has had this as a focus. (click here)