"Why of course the people don't want war. Why should some poor slob on a farm want to risk his life in a war when the best he can get out of it is to come back to his farm in one piece? Naturally, the common people don't want war: neither in Russia, nor in England, nor for that matter in Germany. That is understood. But after all it is the leaders of the country who determine the policy, and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship ... Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger." -- Leading Nazi leader, Hermann Goering, at the Nuremberg Trials before he was sentenced to death
 

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Authored by Ray McGovern via Consortium News

Chinese President Xi Jinping’s extremely warm reception of President Vladimir Putin yesterday in Beijing sealed the increasingly formidable Russia-China strategic relationship. It amounts to a tectonic shift in the world balance of power. 

Chinese activity data lost some steam and the real estate crisis just got worse. alexmark
China just dumped its largest amount of US Treasuries. EVER alexmark

As Washington falls behind Russia and China in terms of developing hypersonic weapons, a joint US-Japanese plan for bolstering defense against such missiles was first revealed during the trilateral meeting that also involved South Korea last August at Camp David.

The United States and Japan are forging ahead with their plans to jointly develop weapons that would be able to shoot down incoming hypersonic missiles.

China is considering a proposal to have local governments across the country buy millions of unsold homes alexmark
By Tyler Durden

In April's politburo meeting, the Chinese government's newfound focus on an oversupplied housing market was setting the stage to usher in new rescue policies to stabilize the economy.

Evergrande's $78 Billion Fraud Rivals Enron, WorldCom, and Madoff. alexmark