Today’s Items:

First…
China Dumps
http://www.zerohedge.com

In March and April, China has dumped a record $116.4 billion in U.S. Treasuries via Belgium. The likely reason is so the Fed can continue to stealthily monetize the U.S. debt. Of course, we all know the “Federal Reserve will not monetize the debt.” In addition, we all know that “the only people who do not want to disclose the truth are people with something to hide.”

Next…
Chinese Military
https://www.youtube.com

Here are a few of the 10 reasons why the Chinese military is weaker than you think…
1. No joint command for their various military forces.
2. Chinese soldiers are now too big to fit into Chinese tanks.
3. Chinese military corruption is so bad that it undermines the ability to wage war.

Next…
Currencies
http://www.ft.com

Apparently, preserving the value of the currency is no longer a concern for central banks because if…