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Beijing Boosts BeiDou Satellite System To Try And Compete With GPS
Beijing Boosts BeiDou Satellite System To Try And Compete With GPS
China is upgrading its BeiDou satellite navigation system, a domestic alternative to GPS, to expand its global reach and industry use, according to South China Morning Post.
The plan involves replacing older satellites with newer third-generation models and adjusting their orbits to improve worldwide coverage. The system will be streamlined from 50 to 37 active satellites, most operating in medium Earth orbit like GPS and Europe’s Galileo.
A few satellites will remain in specialized orbits to improve signal reliability in certain...
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Beijing Preps For Currency Wars
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Authored by James Rickards via The Daily Reckoning,
The fact that China has a large quantity of gold in its official reserve position is not news. China's gold reserves have been rising substantially since 2009.
At that time, China's official gold reserves were 1,054 metric tonnes (mt). Today, those reserves stand at approximately 2,366 mt, an increase of about 124%. But that does not tell the whole story.
The official reserves are reported by the People's Bank of China (PBOC), the Chinese central bank. But China may also...
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Leftist Media Quiet After Four Suspected Islamic Terror Attacks In Two Weeks
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Nothing to see here, folks, Move along...
The strange relationship between fundamentalist Islam and the political left has taken a disturbing turn recently as establishment media platforms seek to spin or ignore at least three separate terror attacks involving Muslim suspects in the past two weeks. Is selective news coverage being applied to protect militant Islamism in the name of "diversity?"
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