Many a time I've warned of the Asian countries trying to rescue Europe, now it's about to happen.  They better have grave pause before they write the check.

A major catastrophe l-o-o-m-s in their backyard.

Japan, China agree to cooperate over IMF resources April 7th,2012                                                                              Japanese and Chinese finance ministers have agreed to cooperate over contributions to the International Monetary Fund amid efforts to help subdue Europe's sovereign debt crisis. 

Asian markets plunge on Eurozone debt crisis April 11th, 2012

Eurozone sovereign debt crisis is the main attraction, and Asian exchanges are reacting to the increasing pressure. 

 

#2 Malacca Chokepoint

From an economic and strategic perspective, the Strait of Malacca is one of the most important shipping lanes in the world.

The strait is the main shipping channel between the Indian Ocean and the Pacific Ocean, linking major Asian economies such as India, China, Japan and South Korea. The maximum size of a vessel that can make passage through the Strait is referred to as Malaccamax. The strait is not deep enough (at 25 metres or 82 feet) to permit some of the largest ships (mostly oil tankers) to use it. A ship that exceeds Malaccamax will typically use the Lombok Strait, Makassar Strait, Sibutu Passage and Mindoro Strait instead.

At Phillips Channel close to the south of Singapore, the Strait of Malacca narrows to 2.8 km (1.5 nautical miles) wide, creating one of the world's most significant traffic choke points.

 

They averted a tragedy today, but it's coming, No Euro Rescue.

 

Mid-Point - March 21st 2013

God Bless,

Gail