Eagles of brasstacks [Cyber force]: 02/08/11

Turkish Prime Minister Recep Tayyip Erdogan has asked the United States of Zionism to prevent Israhell from meddling in the popular revolution in Egypt. "Israhell must under no circumstance interfere" in what is happening in Egypt, Turkish daily Hurriyet quoted Erdogan as saying on Monday. The Turkish leader made the remark on the way back from Syria, where he attended the opening ceremony of a joint construction project, dubbed the "Friendship Dam". Erdogan said he had asked USZ President Barack Obama and Greek Prime Minister George Papandreou to intervene to stop a possible last-ditch effort by Israhell to “turn the tide” against protesters demanding the ouster of Egyptian Israhelli Snake President Hosni Mubarak. The paper interpreted Erdogan's reference to the Greek leader as indicative of a possible deal between Tel Aviv and Athens “to cozy up to each other in an effort to give the appearance that they are standing together against Turkey."

Turkish Prime Minister Recep Tayyip Erdogan

Many Israhelli leaders have voiced concerns over the widespread revolt in Egypt, fearing the prospect of losing a three-decade-long ally and a key partner in their blockade of the Palestinians in the Gaza Strip. On Wednesday, Erdogan expressed Ankara's support for the current movement in Egypt, urging Mubarak to respect his people's desire for change and step down immediately. In an official letter on Tuesday, Egyptian Foreign Minister Ahmed Aboul Gheit protested at the call, urging Turkey not to publish more statements that can harm the relations between the two countries. More than a thousand people have been killed and many others have been severely injured during Anti-Israhell and Anti-USZ protests which now enter the third consecutive week.

USZ warns Pakistan - “Declare Davis innocent or face severe consequences”

Refreshing the call for Raymond Davis’ release, the United States of Zionism has warned Pakistan of severe consequences if the American national, detained on charges of killing two Pakistanis, was not released any time soon. USZ Ambassador Cameron Munter conveyed “the stricter message” to the Puppet President Asif Ali Zardari at a meeting held Monday at the Presidency, sources said, adding that the president told the USZ ambassador that the matter was sub judice and the verdict of the court must be awaited. Munter told Zardari that “Pakistan must comply with its obligations under international law and immediately release the American diplomat detained in Lahore”, according to USZ Embassy spokeswoman Courtney Beale. Farhatullah Babar, Puppet President Zardari’s spokesman, confirmed the meeting was held but he refused to comment on details of the discussion. He said bilateral relations were discussed.

Fearing the possibility of getting publicly hanged in Islamabad by the Pakistani People, the puppet Zardari, reiterated that Pakistan values its relations with the USZ, but the immediate release of the USZ national under the present circumstances is not possible before the relevant court disposes of the case, sources added. Cameron Munter, who had arrived from Washington after discussing the Raymond Davis issue with his government, gave the “stricter message” from his government to the President. The president said the matter of Raymond Davis lies with the Punjab government and the federal government is in constant touch with Punjab on the issue. Certain reports say that USZ officials have already threatened to immediately halt USZ defence aid if Davis is not freed, following the same pattern of deception that we described here.

Cameron Munter

According to the USZ embassy, Davis is a diplomat and enjoys full diplomatic immunity and is free to kill as many Pakistani people as he wants, when he wants, where he wants and how he wants. But Pakistani officials described him as an employee of a private American security contractor who was on a spying mission in Pakistan. They also said they recovered pictures of Islamic seminaries in Davis’ possession. Munter’s meeting with President Asif Ali Zardari in Islamabad followed repeated public demands for the American’s freedom and underlined Washington’s growing frustration with an ally that receives billions of dollars in USZ aid. The wife of one of the men who Davis shot committed suicide on Sunday, explaining beforehand that she feared her husband’s killer would be freed without trial and Americans were pressurizing her family through their Pakistani sources to give up. Her death could further inflame anti-American sentiment. Earlier, UK High Commissioner Adam Thomson also called on President Zardari and discussed bilateral relations between the two countries.

USZ, Israhell against Egypt - Deception warfare at its peak

Tens of thousands of Egyptian protesters in central Cairo have directed their anger at the United States of Zionism as they hold Washington responsible for Hosni Mubarak's grip on power. However, few realize that this delay in Mubarak's resignation is part of a bigger plan to glorify and cleanse the new snakes of USZ and Israhell in the eyes of the local masses as they keep vomiting fake anti-USZ and anti-Mubarak sentiments during their mass addresses to the protesters. The Monday evening protests are the latest in a series of multi-million-strong demonstrations against the Egyptian president which have been taking place over the past two weeks. Many slogans in Cairo's Liberation Square are directed at the USZ, Israhell and France. People from all walks of life are flooding into Cairo's Liberation Square and many have been spending nights at the square despite heavy military presence. Also in Alexandria, people have gathered at the city's main square chanting that their revolution will not die.

Protesters gather in Liberation Square, Cairo, Egypt, against USZ.
Date: Monday, Feb. 7, 2011

Earlier in the day, USZ Secretary of State and an Oscar Award worthy zionist political actress Hillary Clinton showed her support for the embattled Israhelli Snake Mubarak, so that her new snakes like Elbaradei in Egypt gain more popularity by making false debates against USZ and Mubarak. She alleged that his early exit could raise electoral complications. Washington is sending warships and other military assets to Egypt. Two USZ warships have already arrived in the Red Sea, one of which is carrying up to 800 troops. Officials in Washington say the USZ is preparing for a possible evacuation of Americans from Egypt. Meanwhile, a USZ aircraft carrier has been ordered to abort its mission and stay in the Mediterranean. However, the USZ center of lies, Pentagon, has denied contemplating military intervention in Egypt since they can't afford to get naked before planting their new puppet in the country. Defense analysts opine that this movement of troops is being made by USZ to secure Israhell against the possible upcoming threats since this time, their game of deception is not working a lot in Egypt and they fear the formation of an anti-Israhell and pro-humanity regime in Egypt which would genuinely represent 1.5 billion Muslims of Planet Earth.

China's financial crisis coming by 2016

To understand how far ordinary Chinese have been priced out of their country's property market, you need to look not upwards at the Beijing's shimmering high-rise skyline, but down, far below the bustling streets where nearly 20m people live and work.

There, in the city's vast network of unused air defense bunkers, as many as a million people live in small, windowless rooms that rent for £30 to £50 a month, which is as much as many of the city's army of migrant laborers can afford. In a Beijing suburb, beneath one of the thousands of faceless residential tower blocks that have carpeted the city's peripheries in a decade-long building frenzy, one of Beijing's "bomb shelter hoteliers", as they are known, agrees to show us his wares. Passing under a green sign proclaiming "Air Defense Basement", Mr Zhao leads us down two flights of stairs to the network of corridors and rooms that were designed to offer sanctuary in the event of war or disaster.

In Beijing, where the average monthly salary is 4,000 yuan, the average person would take 50 years to buy an average apartment, assuming they saved every penny they earned.

"We have two sizes of room", he says, stepping past heaps of clutter belonging to residents, most of whom work in the nearby cloth wholesale market. "The small ones [6ft by 9ft] are 300 yuan [£30] the big ones [15ft by 6ft] are 500 yuan." Beijing is estimated to have 30 square miles of tunnels and basements, some constructed after the Sino-Soviet split of 1969, when Mao's China feared a Soviet missile strike, and many more constructed since to act as more modern emergency refuges. The fact Mr Zhao can easily rent out 150 such rooms, with the connivance of the city's Civil Defense Bureau with whom he has signed a five-year contract and invested nearly £150,000, is testament to China's massive unfulfilled demand for affordable housing.

"Some 80% of our tenants are girls working in the wholesale market and the rest are peddlers selling vegetables or running sidewalk snack booths", he adds. "There are dozens of similar air defense basement projects in residential communities. In this area, they say 100,000 live underground." Checking out the price of property above ground it is not difficult to see why. To buy a small flat (860 sq ft) in the tower block above – a typically grim, gray concrete affair – currently costs more than £200,000. In a city where the average monthly salary is 4,000 yuan, the average person would take 50 years to buy such an apartment, assuming they saved every penny they earned.

At the market, Xiao Wang, a sales girl who is one of the basement dwellers, says she lives in a small basement room with a friend. They have no kitchen and only the use of a stinking public toilet upstairs. "I can earn 4,000 yuan on a good month with commissions", she says, "but sometimes it is only 2,000. I could maybe afford something a little better, but I need to save money so this is how I have to live". Such vast discrepancies between house prices and earnings are creating social and economic difficulties for China's government – the discontented poor can't find a decent place to live while the rich look to store their wealth in a speculative, bubble-prone property market. Not for nothing did Li Daokui, an adviser to China's central bank, tell the World Economic Forum in Davos last week that rising property prices were the "biggest danger" to China's economy.

With inflation and wage pressures also mounting, a growing number of investors are starting to question the long-term sustainability of China's investment-heavy growth model. A survey of global investors by Bloomberg last week found that 45% of them expect a financial crisis in China within the next five years, with another 40% anticipating a crisis after 2016. China's government has given notice that it understands the risks of a property bubble, throwing another bucket of cold water on to the market last week, announcing new restrictions including minimum deposits on second homes of 60% and a standing property tax in Shanghai and Chongqing. However, many analysts remain skeptical that the curbs, allied to further interest rate rises expected this quarter, will do much more than stabilize prices which rose by 26% in Shanghai and 12% in Beijing last year despite an earlier round of cooling measures.

Goldman Sachs said it felt the impact of the curbs would be "short-lived" while Citigroup said the measures, while "harsh", would not cause a sharp pullback in property prices, but at best would stop prices going up much further this year. Those with a bearish outlook, such as Michael Pettis, professor of finance at Beijing's Peking University, question whether China's leaders will dare hit the brakes hard enough when so much of China's economy relies on property investment to hit its politically sacrosanct annual growth targets. Even last year's soaring retail figures – sales of furniture rose by 37.2%, household appliances by 27.7% – appear to flatter the strength of China's real economy, he argues in a note, since they are "as much an indication of soaring real estate investment as of rising consumption".

Others point to the low level of mortgages on Chinese property and the underlying demand for property in a country that will urbanize 200m people in the next 20 years and argue that the bull market has a long way to run yet. But for Beijing's bunker residents who will never be able to afford a house, no matter how far prices fall, such considerations are superfluous, so long as China's government does more to manage their rising discontent. This year, in a sign that it is getting serious about low-cost housing after years of paying lip-service, Beijing's municipal government announced it was putting 200,000 new low-cost rental homes on the market, compared with 10,000 last year. "We don't ask for much", said a roadside vegetable seller who also lives in a nearby basement shelter, "but the government must give us somewhere to live, because without us laborers what is going to support the Beijing economy?"

(Written by Peter Foster and Zhang Wei in Beijing)