Is China stockpiling resources in case of future war?
"China is deliberately stockpiling at speed, part of a much wider national effort to accumulate essential raw materials and resources."
In the eastern Chinese port of Dongying, the start of 2024 has often seen several tankers docked simultaneously discharging Russian crude oil into a new 31.5-million-barrel storage facility completed late last year.
It is, traders say, all part of a concerted and deliberate Chinese effort to build up strategic stockpiles for a perhaps uncertain future.
Estimates of China's total strategic energy reserve vary from 280 to 400 million barrels, the upper amount exceeding the US Strategic Petroleum Reserve at roughly 364 million. China consumes some 14 million barrels a day of oil in peacetime.
📰 Bangkok Post Article
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British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619