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Porkins on Sputnik: China Defends 10% Military Budget Increase as ‘Proportionate and Low’

The Chinese government recently announced a near 10% increase in their military budget for 2018. Chinese state media have defended the decision, saying it is part of a modernization program, calling the increase “proportionate and low.”

The increase is the biggest jump in Chinese military spending in recent years. In 2014, the total was $132 billion, which grew to $145 billion in 2015, $147 billion in 2016 and will reach $175 billion next year. Zhang Yesui, a spokesperson for the first annual session of the 13th NPC, explained that the extra money is not to increase China’s overall military capacity, but to update and modernize their armed forces:

“A large part of the growth of the defense budget is to make up for the low military spending in the past and is mainly used to upgrade equipment and improve the welfare of servicemen and women and the living and training conditions of grassroots troops.”

Sputnik spoke to political analyst Pearse Redmond about the geopolitical struggles that are the underlying reasons for China’s consistently growing military expenditure:

“As China becomes more and more integrated in the global economy it understands that maintaining economic superiority requires more security. In Africa, where China has poured vast sums of money into various projects, they have also been quietly building small military bases and developing relationships with various African military and security forces. For example, in Djibouti, once the exclusive military domain of the US, China now operates a naval base adjacent to the Port of Doraleh, which is west of Djibouti City.”

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Ochelli Effect: Chop Suey Stock Lock Two barrels

Mike Swanson is back and boy are we glad to hear him. With all that is going on in the markets it’s time to figure some of that out. Mike is not just a great author but a superb financial analyst. Is there silent inflation? does the ebb and flow of late make sense? What is the reality of QE infinity and the old toxic asset bubble? Is debt the real looming threat? Listen to Michael and find out. Pearse Redmond joins us next and Porkins is at the Ochelli six. We order up some Chinese perspective. Hold The MSG. The American Empire versus The Chinese enduring legacy. Why are the great Islamic threats not so interested in attacking the Chinese? Soft Colonial strategy ? Africa , AFRICOM , and other known unknowns. Meanwhile we interrupt the discussion for an update on Stormy Daniels? Yeah A Porn Actress is suing The President !! Has the tribe spoken? And we didn’t even mention Roger Stone’s boy having a melt down on T.V. ? all this and more during these two hours. Random thought Chuck did NOT speak aloud , Is the Q in LGBTQ Q Anon?

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Show Notes:

ISIS video of Niger attack highlights US troops’ vulnerability

Stormy Daniels sues Trump, says agreement invalid because he never signed

The Biggest Bubble In Human History Is Starting to Deflate (Not Stocks)

Gary Cohn Says He Will Resign as Trump’s Top Economic Adviser

Sam Nunberg on Mueller, His Media Spree, and His Message for Trump

Porkins Great Game ep. 9 The Death of Mullah Omar

Watch Ex-Trump Aide Sam Nunberg Get Cross-Examined | The Beat With Ari Melber

System Of A Down – Chop suey !

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