Biden Angers China Yet Again


Armstrong Economics Blog/China Re-Posted Sep 21, 2022 by Martin Armstrong

As Americans, we are accustomed to our dementia-ridden commander-in-chief misspeaking and provoking war with major world powers. He nearly declared war on Russia, but the White House backtracked. The White House is now redacting almost everything that came out of Joe Biden’s mouth during his “60 Minutes” interview.

China is not going to let a comment by “Uncle Joe” pass without warning. Joe Biden said that US forces, men and women, would defend Taiwan if China invaded. This is worse than Nancy Pelosi’s trip to Taiwan as it completely disregards prior US-China relations and the One China policy. It does not matter if the US agrees with the One China policy, but it must respect it and maintain diplomatic relations with China, its top trading partner, while it restores its declining economy. This policy has been in place since 1979, and Joe Biden is the first to violate the agreement.

Chinese foreign ministry spokesperson Mao Ning reacted as expected to Biden’s threat. “The US remarks … severely violate the important commitment the U.S. made not to support Taiwan independence, and send a seriously erroneous signal to Taiwanese separatist independence forces,” Mao said. Mao said that China seeks a “peaceful reunification” with Taiwan. “At the same time, we will never tolerate any activities aimed at splitting the country, and reserve the choice to take all necessary measures.”

Joe Biden also gave Americans false hope by declaring that the pandemic was over. I think most of us realized it was over when the death rate was a nil 0.02%, and the vaccines did nothing to prevent infection or transmission. The White House came out to clarify that it has not changed its stance on COVID – emergency powers remain in place.

Putin: Xi is On My Side


Armstrong Economics Blog/War Re-Posted Sep 19, 2022 by Martin Armstrong

China is no stranger to Western alienation and hostilities. Putin is looking to strengthen his alliance with China by affirming that Russia will adhere to China’s domestic policies as long as China repays the favor.  “We intend to firmly adhere to the principle of ‘One China’,” Putin stated as Taiwan has become a hot topic. Putin went on to say that he “condemns provocations by the United States and their satellites in the Taiwan Strait.” China was bordering on neutrality until recently coming under fire for its One China policy. China can now see itself in Russia.

Xi Jinping and Vladimir Putin met this Thursday in Uzbekistan for the first time since Russia invaded Ukraine. Both want to end NATO expansion and agreed to a “no-limits” partnership. Xi warned Biden at the beginning of the year that sanctions on Russia could cripple the global economy. The US warned China to stay out of its affairs but then provoked China by sending leaders like Pelosi to Taiwan. The New World Order first targeted Donald Trump in an effort to remove him from power. Putin is second on their list, followed by Xi.

China knows that the US is in a decline and is strategically placing its finances and policies accordingly. When I met with the central bank of China, they were not bureaucrats – they were traders. When I was asked by people in the US Treasury upon my return what it was like, I responded that they only hired people with experience. They sent everyone to work on trading desks around the world, and then they returned to China to run the central bank. The West hires academics who believe reading a few books is sufficient experience. Similarly, politicians no longer understand diplomatic relations and are willing to sacrifice the economy to uphold petty perpetual disagreements while demonizing opponents.

Millions of Chinese on Lockdown


Armstrong Economics Blog/China Re-Posted Sep 7, 2022 by Martin Armstrong

At least 65 people are dead after a 6.8 magnitude earthquake rocked the province of Sichuan. This comes as 21 million people in Chengdu are confined to their homes as China has placed yet another city on a strict lockdown to adhere to its zero COVID policy. In fact, 65 million people in 33 cities are on some level of lockdown in China.

The government places more concern on COVID than an actual natural disaster. Lockdowns create a domino effect. People began panic buying supplies after seeing the starvation and extreme rationing that occurred during the last lockdown when the government was unable to adequately provide supplies to those they confined. Businesses will suffer immensely. Children in at least 10 provinces will be unable to attend school until everyone tests negative for the virus.

Drones are flying around Chengdu, reminding the people to stay inside and obey. This is an example of what could happen when government has complete power over the people. It can also affect the global economy, as we saw when Shenzhen entered a lockdown, closed the ports, and prolonged the supply chain crisis. Government’s abuse of power is yet another reason why it is hard for the central banks to forecast economic recovery. According to our computers, the recovery will be a slow

Taiwan Panders to US with “Democracy Chips”


Armstrong Economics Blog/World Trade Re-Posted Sep 6, 2022 by Martin Armstrong

Taiwan’s President Tsai Ing-wen is eager to strengthen relationships with the US by producing more semiconductor chips. The US recently set aside funds specifically to build up domestic manufacturing, but shortages remain a serious problem. Taiwan’s growing relationship with America has angered China, and Ing-wen’s words will certainly be a subtle elbow to the One China policy.

“In the face of authoritarian expansionism and the challenges of the post-pandemic era, Taiwan seeks to bolster cooperation with the United States in the semiconductor and other high-tech industries. “This will help build more secure and more resilient supply chains. We look forward to jointly producing democracy chips to safeguard the interests of our democratic partners and create greater prosperity,” the president stated.

Democracy is exactly what China does not want Taiwan to have. After Pelosi opened the door, every politician seems to want to make a statement by visiting Taipei now. Arizona Governor Doug Ducey made an appearance in Taipei to discuss the aforementioned democracy chip venture. They also discussed helping to make the Indo-Pacific a neutral zone, which is unrelated to trade. The US continues to all but outright state they fully support Taiwan’s independence and China is taking note

Millions locked-down in Shenzen over COVID fears


Reuters Published originally on Rumble on September 3, 2022

The Chinese tech hub of Shenzhen on Saturday (September 3) shut parts of city and public transport, as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.

Taiwan to Destroy Chinese Drones


Armstrong Economics Blog/War Re-Posted Aug 31, 2022 by Martin Armstrong

https://video.udn.com/news/1245480

The video above has gone viral, depicting Taiwanese soldiers throwing rocks at drones believed to be sent by China. Reports are circulating that Taiwan also allowed store-bought civilian drones to enter its airspace, which leaves many to wonder how they can compete against China’s military surveillance. Backed by the US, Taiwan is beginning to push back against China and its One China policy. The Ministry of National Defense (MND) has reported that they will begin to shoot down Chinese drones or unmanned aerial vehicles (UAVs).

The MND said that it plans to invest in anti-drone defense systems over the next four years to the tune of $141 million. There have been 23 drone spottings in Taiwan since Pelosi’s reckless visit. It should be worth noting that Taiwan donated 800 carpet bomber drones and 860 combat drones to Ukraine to combat Russia. China is taking notes from Russia, while Taiwan is taking notes from Ukraine. Why would Taiwan offer a vast quantity of drones to Ukraine if they are in need of their own protection?

The simple answer is that support from the US has emboldened Taiwan. They do not fear an escalation of tensions when US warships are passing through its waters. Time will tell how China responds as the One China policy is under fire.

A New Transmission of Intellectual Froglegs Breaks Through


Posted originally on the conservative tree house on August 28, 2022 | Sundance 

Comrades, the dissident messenger known as Joe Dan Gorman has surfaced again, just long enough to transmit another Tokyo Rose’ broadcast in a coded frequency only receivable by patriots with a funny bone.  This natural coded messaging ensures communists and leftists are incapable of receiving it.

The August edition comes from deep in the underground bunker of the Rebel Alliance.  Pull out those super-secret decoder rings, and enjoy the transmission before the deep state satellite interception trucks show up on your driveway…

Direct Rumble Link Here ] – [Website Here]

.

Comrade rebels, do not forget to eat this broadcast after sharing.

Chinese Protestors Escape Facial Recognition with Lasers


Armstrong Economics Blog/China Re-Posted Aug 25, 2022 by Martin Armstrong

Welcome to the new world. Protestors in China have cleverly found a way to avoid police facial recognition software by pointing an array of lasers at the police. China has perhaps the most extensive facial recognition of any country. SenseNets, a facial recognitional company in Shenzhen, experienced an internal leak in early 2019. The database contained detailed information on over 2.5 million people, including their addresses, IDs, birthdays, and their movement around the country. Over 6.8 million locations were revealed during the leak, leaving everyone in the software completely exposed to hackers who could determine their exact location.

The government is not merely tracking the movement of criminals as everyone will eventually become part of a facial recognition database. China took measures a step further in 2020 by issuing each individual a social credit score that rates how well an individual adheres to the government. We are not free when the government can restrict our movements and assign us a score based on their personal criteria. Facial recognition software is extremely dangerous. Hackers made little effort to access SenseNets files, and in the wrong hands, anyone could be hunted down.

Although they’re less upfront about their plans, other countries plan to follow suit. Canada is rolling out its Digital Identification program, and the World Economic Forum has been advocating for advanced tracking measures. Expect additional tracking software to become commonplace throughout the modern world.

South Korea Offers Olive Branch to the North


Armstrong Economics Blog/War Re-Posted Aug 17, 2022 by Martin Armstrong

Russia recently claimed that it had been a close friend of North Korea since World War II, when Japanese forces were expelled from the peninsula. In a celebratory speech, South Korean President Yoon Suk Yeol mentioned how the end of Japan’s colonization was a win for both Koreas, albeit leading to their nasty divorce. Yoon said he would like to strengthen relations with Japan, as well as North Korea.

South Korea is requesting the same demand – denuclearization.  “We will implement a large-scale program to provide food, providing assistance for establishing infrastructure for the production, transmission and distribution of electrical power, and carry out projects to modernize ports and airports to facilitate trade,” Yoon said. Furthermore, Yoon said that they would modernize North Korea’s hospitals and infrastructure, and “carry out initiatives to allow for international investment and financial support.”

North Korea will never abandon its nuclear program for fear of retaliation. Without nuclear power, the small, impoverished country would be completely vulnerable. I warned in March 2018:

“The entire world is going to go nuts 2031/2032. There will not be a country that is spared from political and economic events. The risk a serious famine in North Korea which could result in the people rising up will arrive in 2023. That pressure will begin here this year 2018.70 – which will be September 13th, 2018. This appears to the turning point that is not just concerning North Korea. It is appearing around the world in many markets. The risk for political change in North Korea comes into play as soon as 2019/2020.”

We saw political destabilization in North Korea in 2020 when Kim Jong-Un went missing from the public eye. Many thought he was dead, and reports circulated that his sister, Kim Yo-Jong, had become the Supreme Leader. It has now come to light that Jong-Un was “seriously ill” during the pandemic. “Even though he was seriously ill with a high fever, he could not lie down for a moment thinking about the people he had to take care of until the end, in the face of the anti-epidemic war,” his sister recently revealed.

Kim Jong-Un declared complete victory over the coronavirus. “For a country that has yet to administer a single vaccine shot, our success in overcoming the spread of the illness in such a short period of time and recovering safety in public health and making our nation a clean virus-free zone again is an amazing miracle that would be recorded in the world’s history of public health,” KCNA quoted him as saying. However, he blames South Korea for contaminating his country with the virus.

North Korea will never abandon its nuclear power, nor will it make amends with South Korea. The hatred runs too deep. Although the nation needs financial assistance, it is turning to its new ally, Russia, with the help of China. Our models state that there could be civil unrest in the hermit kingdom next month. Civil unrest will not be tolerated and cannot occur without a full-scale uprising. Could involvement in the Russia-Ukraine war be the final straw?

North Korea Forms Alliance with Russia


Armstrong Economics Blog/War Re-Posted Aug 16, 2022 by Martin Armstrong

On Korea’s liberation day, President Vladimir Putin responded to Kim Jong-Un’s request to join the fight in Ukraine. In a letter to the North Korean dictator, Putin said North Korea had been a friend to Russia since Japan’s defeat during World War II. Kim is calling for “strategic and tactical cooperation, support and solidarity” between the two nations, and Vladimir agrees that it would be in the best interest of both parties.

Putin is seeking to “expand the comprehensive and constructive bilateral relations with common efforts” with the hermit kingdom. North Korea needs Russia and China to survive. In 2011, Kim J0ng-Un’s father, Kim Jong-il, visited Russia and negotiated a contract to send North Korean workers to Russia. US sanctions were intended to reverse this proposal but it was largely ignored. Both Russia and North Korea have been banished from doing business with the West entirely, so all bets are off.

This arrangement is certainly more beneficial for North Korea as it is desperate for allies. The move will undoubtedly anger the West, but this is the result of failing to hold diplomatic talks with Russia and imposing endless sanctions.