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Archive for May 18th, 2020

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The following is extracted from this page

TWICE OVER IN HK: DEN OF THIEVES

By Larry Romanoff

  • In the 19th century, British armies twice invaded China – and massacred large numbers – for the purpose of forcing the addictive narcotic drug opium on the Chinese people. In the 20th century, as part of WWII, Japan invaded and brutally occupied large parts of China, resulting in the deaths of 20 million Chinese people. None of this is forgotten.
  • In the 21st Century, Hong Kong remains a safe harbor for thieves:

(a) More than a few Mainland Chinese businessmen or government officials have embezzled money, then fled to Hong Kong to live the good life free of repatriation fears. Understandably, China would like those individuals brought back home to stand trial. …

(b) A similar problem, and perhaps larger, is that more than a few Hong Kong residents (often American or British, but also native Hongkongese) have travelled to the Mainland, committed fairly large numbers of imaginative and not-so-imaginative crimes, then fled back to Hong Kong, again out of reach of the Mainland Chinese police. …

(c) There is a third category, one not mentioned anywhere in the media, that was the likely cause of the US so ardently fanning the flames for this latest series of riots.

The Americans have a huge contingent in Hong Kong (about 60,000 people, few of whom are businessmen), beginning with the US Consulate but extending very much farther with the media, the NED, and the entire alphabet soup of US-based NGOs, George Soros’ China Media Project at HKU, and many more, many but not all CIA-funded, on a permanent mission to stab at Mainland China from its underbelly of Hong Kong.

Much of what these people do, is illegal, against HK law, Mainland China law, and international law, but they are protected in Hong Kong by US government pressure and, without an extradition treaty with HK, they cannot be sent to China and be brought to trial.

We Chinese say, enough is enough.

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Advice

Beware who you deal with… We China will spare no persons or companies that are agents, collaborators, underlings, and anyone in service of the enemy state, whether in a private or official capacity, business or personal. What is meant by ‘in service of’? The guilty knows.

Again, from Global Research

CHINA READY TO DECLARE USA AN ENEMY STATE

By Eric Sommer

For a long period the Chinese regime has vacillated between seeking accommodation with the U.S.-led imperialist forces to ‘do business’ with the western world, and defending itself against the attempted economic, political, and military encirclement and strangulation of China by those same imperialist forces.

This encirclement campaign against China began under Bush as the Washington regime begain to fear China’s economic rise as a threat to it’s own global dominance. This campaign increased under Obama as 60% of U.S. military forces were moved into Asia and the Trans-Pacific partnership of the U.S. with its Asian allies was created in a failed attempt to isolate China economically. Under Trump’s nationalist ‘America First’ banner the anti-China campaign was qualitativly escalated by declaring that combating ‘Strategic competitors’ (i.e., China and Russia), and not global terrorism, was the ‘number one’ military and overall strategic priority for the U.S. regime.

China, though not imperialist like the U.S., had also turned to increased nationalism at least partially in response to the U.S. threat and partially to divert Chinese public attention from the  economic slow-down in China due to the protracted post 2008 world economic crisis.

Now, however, the Chinese vacillation between accommodating the U.S.-led forces and defending itself against them seems to be over. In response to the US trade war; the false U.S. claims that China is responsible for the U.S. coronavirus crisis; the U.S. South Sea military actions and movement into Asia of 60% of the U.S. military; and the attacks on Huawei and China’s hi-tech sector, the Chinese regime appears to have finally accepted that it must deal with the U.S. as an enemy state.

A lead article in today’s Global Times, a Chinese state newspaper closely aligned with Beijing policies, is entitled ‘China’s countermeasures ready for prolonged ‘war’ with U.S.

“The environment for China’s peaceful development has changed greatly. China’s domestic and foreign policies must also adjust. US suppression has become the No.1 challenge to China’s development. For quite a long time, we need to release our strength to destroy US bluster. We must be clear that coping with US suppression will be the key focus of China’s national strategy.

“We should enhance cooperation with most countries. The US is expected to contain China’s international front lines, and we must knock out this US plot and make China-US rivalry a process of US self-isolation.

“That the US suppresses China in full fury goes against trends. As long as we do our job well, there is no need to fear Washington’s thirst for power. If the US really walks beyond the lines, we will first make some US companies suffer to show our strength and resolve. Then we will think how to cope with all these changes and adopt a down-to-earth manner to engage in a prolonged struggle with a reckless US.”

Another article in the same issue is entitled:  ‘China ready to target Apple, Qualcomm, Cisco and Boeing in retaliation against US’ Huawei ban.’  The article states that “Apple, Qualcomm, Cisco and Boeing are all highly dependent on the Chinese market.”

And that investigations or suspensions of their right to do business in China will be implemented if the U.S. regime proceeds with blocking shipments of crucial chips to the Chinese tech giant Huawei. Stopping all purchases of Boeing aircraft is also mentioned as a distinct possibility.

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After trade war, after Huawei and ZTE, after murdered Chinese scientists and Meng Wanzhou abduction, after expulsion of Chinese students, after Xinjiang, after Hong Kong riots, after South China Sea, and now WHO and Covid-19, will come the currency war.

Third and final extract on this post, China will take on the US.

Next on the menu…

THE CURRENCY WAR

By Peter Koenig

China’s new cyber-money, e-RMB (renminbi, meaning People’s Money), or Yuan, is currently being tested in several Chinese cities, including Shenzhen, Suzhou, Chengdu, and Xiong’an. In these cities it has almost universal acceptance, i.e. for salary payments, public transportation, food and most retail shopping.

The use of digital money is nothing new in China. Today about 90% of all monetary transactions are electronic, for example through WeChat and AliPay, but they do not replace the existing cash currency.

Commodity pricing today mostly dollarized, will be priced by China in yuan and traded in crypto-yuan. Yuan pricing for commodities, such as gold, crude oil and iron ore, has already started. As China is recovering from the pandemic more quickly than the rest of the world, relatively high-returning yuan-denominated investments and commodity assets will become more attractive.

The non-interference factor of a Chinese Central Bank backed crypto-currency is an additional security element that will further boost the Chinese Yuan as a reserve currency. Already now, countries around the globe are sick and tired of US meddling in their international transactions and especially with US sanctions – that may come at a whim – every time a country demonstrates her sovereignty, or disobedience to US dictates. This leads many countries that may not speak out publicly for fear of sanctions, to gradually and quietly divesting their dollar holdings into Chinese yuan.

A tipping point may be reached, when about 50% of world trade and world reserves are denominated in yuan. At this point it would be likely that the worldwide dollar hegemony will be no more, as it may be displaced by the yuan.

Several leaders of countries were killed for attempting to replace the dollar for trading with other currencies. For example, Saddam Hussein, for his intent to use the euro for trading Iraq’s hydrocarbon riches, and Libya’s Gadhafi, when he wanted to introduce the Gold-Dinar as a Pan-African trading currency, thereby freeing Africa from western monetary slavehood. As we all recall, he was literally lynched by NATO on 20 October 2011, at the initiative of Hillary Clinton with the strong support of then French President Sarkozy. By the way, this western monetary stranglehold on Africa prevails as of this day – a new-old kind of colonization, nobody in the western mainstream reports on.

Once the new e-RMB (yuan) has been successfully tested locally it will be launched internationally. While China’s new PBC-backed cyber-currency’s internationalization will make the yuan even more attractive among trading partners – and also as a reserve currency, China may simultaneously divest its huge reserves of US Treasury bonds (about US$1.2 trillion) into purchasing assets abroad paid in US-dollars. The Belt and Road investments may be a suitable vehicle to reduce dollar holdings at home.

In the current high corona debt-crisis around the world, especially the Global South, China may also consider a program of Debt Jubilee (debt forgiveness) to the poorest partner countries – which may be already or potentially be future Belt and Road associates. …

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