Monthly Archives:: May 2007

Chinese Navy – Chinese build five nuclear subs

Posted by & filed under ChineseNavy.

Financial Times – China has surprised the Pentagon with the pace of development of a new class of submarine that threatens the nuclear balance by providing Beijing with a more robust nuclear deterrent. The Chinese navy is developing a fleet of five nuclear ballistic missile submarines. The Jin class submarines would provide a much stronger [...]

Geopolitics / Economics – The End of National Currency

Posted by & filed under Geopolitics.

Foreign Affairs – Global financial instability has sparked a surge in “monetary nationalism” — the idea that countries must make and control their own currencies. But globalization and monetary nationalism are a dangerous combination, a cause of financial crises and geopolitical tension. The world needs to abandon unwanted currencies, replacing them with dollars, euros, and [...]