Steve Bannon Speaks About China…


Former WH strategist, Steve Bannon, appears in DC at a “Clear and Present Danger China” event to discuss China.

The first half of the Bannon’s presentation reflects why he had to leave the white house; reactionary, influenced by media, vulnerable to fake news, and lacking stability.  However, the second half of the video reflects why Mr. Bannon was a valuable strategist.

[Video prompted to 06:26 – just hit play]

UPDATE: Chinese Mar-a-Lago Intruder Found Guilty…


The Chinese woman who tried to lie her way into Mar-a-Lago was found guilty today.  Previously, U.S. Magistrate Judge William Matthewman said: “It does appear to the court that Ms. Zhang was up to something nefarious when she unlawfully attempted to gain access to Mar-a-Lago”…

PALM BEACH, Fla. (CBS12) — A jury found a Chinese businesswoman guilty of lying to the Secret Service to sneak into President Trump’s Mar-a-Lago club.

Yujing Zhang represented herself at trial and claimed during opening statements she did nothing wrong.

Zhang now faces up to six years in prison on charges of unlawful entry of restricted buildings and making false statements.

Prosecutors claimed she had no right to enter the private club. Secret Service agents detained her in March.

Authorities said they found Zhang in possession of a number of cell phones, USB drives, a thumb drive believed to be full of malware, and a signal detector to check for hidden cameras. (Link)

Hong Kong withdraws Controversial Bill


Hong Kong leader Carrie Lam said that she will withdraw a controversial extradition bill that has sparked months of mass protests. The Hang Seng index rallied around 4%. The bill has been withdrawn after it really became clear that Hong Kong could lose its financial position in Asia to Singapore had Chinese troops intervened.

I have been in Asia for this crisis with clients on both sides of the controversy were really deeply concerned that there was a capital flight beginning with deep concerns that a troop invasion would raise tremendous concerns with respect to the future stability of Hong Kong in the world financial system.

The bill’s withdrawal has been a major positive event for Hong Kong and the rest of Asia as the protest escalation was clearly impacting capital flows and was a major potential threat to the global stability of the economy we have been warning about over here

Panda Games – China Files WTO Complaint Against U.S. Tariffs…


After benefiting from ridiculous preferential treatment by the World Trade Organization under “emerging nation” status for the past two decades, Beijing now turns to the WTO and files a complaint against the U.S. over recent tariffs and countervailing duties.

The substance to Beijing’s complaint is silly.  China claims there was a “leadership agreement” during the Osaka G20 summit not to apply additional tariffs.  However, the latest round of U.S. tariffs on China were in response to Chinese tariffs applied after Osaka.  Bottom line, Beijing is playing political games.

China, once again playing the wounded panda routine, is trying to set up a narrative that President Trump has broken his word.  That’s the cornerstone of their position, and they know such a complaint won’t go anywhere at the WTO; the complaint is really for the use, exploitation, and consumption by President Trump’s political opposition, domestic and international.  (emphasis mine)

HONG KONG/GENEVA (Reuters) – China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties, the Chinese Commerce Ministry said on Monday.

The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday and China began imposing new duties on U.S. crude oil, the latest escalation in their trade war.

China did not release details of its legal case but said the U.S. tariffs affected $300 billion of Chinese exports.  The latest tariff actions violated the consensus reached by leaders of China and the United States in a meeting in Osaka, the Commerce Ministry said in the statement. (more)

China did not release details of the legal case because there is no legal case.  You cannot go to the WTO and say: ‘but, he promised to buy my pickles‘…. because the WTO will ask you to prove the contract.  There isn’t a contract.  The whole claim is silly.

Notice how the claim comes from the “China Commerce Ministry”.

Those who are following closely will note the dragon face behind the panda mask of Vice-Premier Liu He is Chinese Commerce Minister Zhong Shan.

This political scheme, to complain to the WTO, is specifically from Zhong Shan and Beijing counts on Americans being to stupid to understand what is going on.

The aggregate U.S. position on tariffs relates to countervailing duties being used as sanctions against the practice of: (A) intellectual property theft; and, (B) forced transfer of technology.  The U.S. position is that the tariffs are countervailing payments due to both issues.

The U.S. position on all enhanced tariffs against China, as explained to the WTO, falls under the category of “measures necessary to protect public morals.”  China is stealing the intellectual property of the U.S, another WTO member, and therefore violating WTO rules.

There is clear evidence of these illegal practices, and the U.S. has already outlined the case.

Within international trade agreements each nation can protect their interests by using the clause “public morals” and “cultural industries.”  This is the same way Canada keeps media competition out of their country in the technology sector of the USMCA.

In the U.S. example the theft of intellectual property and forced tech transfer in order to do business with China, are clear examples of China violating international trade rules and “public morals”, stealing is not allowed; and the U.S. tariffs are applied and upheld based on that obvious -and internationally accepted- authority.

Beijing is just playing a political panda game with their ‘complaint’ to the WTO about the latest tariffs.  They are looking for allies to join them in their Orange-Man-Bad narrative.

Ridiculous.

Steve Bannon: New Film On Huawei—“Claws of the Red Dragon”, Hong Kong Protest & US China Trade War


Can President Trump actually order American companies out of China? What is Steve Bannon’s new film, Claws of the Red Dragon, all about? And why does he describe Chinese telecom giant Huawei as “the greatest national security threat we have ever faced”? How does President Trump differ from previous presidents, both Democratic and Republican, in his approach towards China? What did previous administrations fundamentally misunderstand about China and the ruling communist regime? And what is the role of Wall Street and Western business leaders in funding and empowering the Chinese Communist Party? And, how can we expect the Hong Kong protests to play out? This is American Thought Leaders 🇺🇸, and I’m Jan Jekielek. Today we sit down with Steve Bannon, former White House chief strategist to President Donald Trump, and former executive chairman of Breitbart News. He is also the Co-Founder of the Committee on the Present Danger: China. We discuss how, in Bannon’s view, the Chinese communist elites have gained power and wealth through access to Western capital and technology, and used that power to stifle dissent and advance their self-serving global ambitions. And we look at the threat of Chinese telecom giant Huawei and its ties to the People’s Liberation Army, which are spotlighted in a new film produced by Bannon called “Claws of the Red Dragon.”

Rage Against The Regime – Hong Kong Demonstrators Keep Resisting Beijing Authoritarian Dictates…


The protests and demonstrations began in mid-June, centered around the now-suspended extradition bill that would have allowed people in Hong Kong to be sent to mainland China for trial in courts controlled by the Communist Party.  Today, those protests are outlawed by Chinese authorities, organizers have been disappeared, and yet the protests continue.

Eric, a 22-year-old student, told Reuters news agency: “Telling us not to protest is like telling us not to breathe. I feel it’s my duty to fight for democracy. Maybe we win, maybe we lose, but we fight.”

Hong Kong police, seemingly comprised of Chinese militia, are using semi-permanent blue dye water cannons to mark the protesting groups. This helps them later identify their targets for the arrest (ie. disappearing).

(Reuters) Protest organizers have urged the public to overwhelm road and rail links to the airport on Sunday and Monday, potentially disrupting flights. A similar so-called “stress test” of the airport last weekend failed.

Late on Saturday and into the early hours, police fired tear gas, water cannon and rubber bullets and protesters threw petrol bombs, escalating clashes that have plunged the Asian financial center into its worst political crisis in decades.

Officers fired two warning shots in the air to scare off a group of protesters who had them surrounded and were trying to steal their pistols, the police said, only the second time live rounds have been used in more than three months of unrest. (read more)

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Freedom HK@FreedomHKG

First aiders were not allowed to enter the station to provide immediate medical care for the injured citizens inside the station. The first aiders standing-by outside the station confirmed that none of the injured were transported out for proper treatment for over 3 hrs

View image on Twitter

Freedom HK@FreedomHKG

This is murder, not crowd control.

Photo source: hk01

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World News Tonight

@ABCWorldNews

METRO STATION STANDOFF: Shocking video shows riot police in Hong Kong storming a metro station, using batons and pepper spraying protesters inside train cars, as pro-democracy protests continue for a 13th week; several people were arrested. https://abcn.ws/2Ldd58c 

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Get Off the Plane: Your Social Credit Score Just Went Negative


Published on Aug 30, 2019

China expands its system of tracking a citizen’s behavior with a social credit score, and limiting his freedoms if it goes negative. Your neighbor reports you smoking a cigarette at your house, and when you try to fly to Hong Kong the flight attendant says, your score is too low, get off the plane. Is this just a dystopian nightmare spawned by communism, or could measures taken by American companies to nudge consumer behavior lead to such a scenario in the land of the free? Right Angle — with Stephen Green, Scott Ott and Bill Whittle — is a production of the Members at BillWhittle.com, who pay to create dozens of new shows each month, run their own Member-written blog, and generally work to advance the message of liberty in the free and communist worlds. Perhaps you should join the team that’s working toward what you believe. Visit https://BillWhittle.com/register/ right now to become a Member.

 

 

China warning the Hong Kong Protests are a “Color Revolution”


 

After 12 weeks of protests in Hong Kong, the likelihood of China sending in troops has escalated. Xinhua News Agency said Sunday in China recalling comments by former top leader Deng Xiaoping saying Beijing has to act under such circumstances. In Sunday’s commentary, Xinhua said Hong Kong’s protests have turned into a Color Revolution aimed at overturning the Special Administrative Region’s constitutional institutions. This is not very accommodative at this point and the protesters have reached an extremely dangerous point.

There is a deep concern here in Asia since we have clients on both sides of this conflict, which is why I am in Asia at this moment in time.  There is a rising fear that if China sends in troops, exactly how long will such a situation play out.

Our key turning points remains unchanged – September, November, and the big one is January coinciding with the turn in the Economic Confidence Model. We do see rising volatility in the currency come October.

Italian Prime Minister Giuseppe Conte Resigns After Pressure from Nationalist Matteo Salvini…


Italy is one of the key economies within the EU. In the past several years, driven by both economic challenges and unfettered immigration challenges, the populist revolt has gained ground. Interior Minister Matteo Salvini, a nationalist-minded politician, has won the hearts of Italian voters.  Matteo Salvini is a proud Italian populist.

Several months ago Matteo Salvini challenged current Prime Minister Giuseppe Conte to hold a snap election; and followed-up with continued pressure on the Italian government by advancing populist positions of economic patriotism, sovereignty and tougher immigration rules.

Amid a revolt against globalism writ large, it was not accidental that Nancy Pelosi traveled to Italy recently with a coalition of U.S. leftist politicians to organize a strategy to fend-off Salvini and assist Prime Minister Conte. Pelosi is an opportunist. Part of the plan for Conte to hold power was a shift within his party (Five Star Movement or 5sM) to form an alliance with the Italian left-wing Democratic Party (Pelosi’s ideological allies).

To pull off their plan, Conte and the Democratic Party would align; Conte would then resign and hold the snap election where 5sM and the far-left Democratic party would re-elect him. This approach would strategically counter the 36 percent of support currently held by Matteo Salvini (the League). Today Giuseppe Conte resigned.

(Wall Street Journal) […] Prime Minister Giuseppe Conte announced his resignation in a speech to the Senate on Tuesday, blaming far-right Interior Minister Matteo Salvini for causing a political crisis as Italy looks to draw up a challenging budget to keep its parlous finances on track.

[…] Leaders of 5 Star are exploring the only plausible alternative to snap elections the League would likely win: a new coalition government with their longstanding foes, the mainstream center-left Democratic Party. Talks in coming days could show whether such a coalition is possible or early elections are needed.

Italy’s power struggle is a symptom of Europe’s continuing political upheaval after a decade of crises including the economic depression in the periphery of the eurozone and the pressures of rising immigration from poor and war-torn parts of Africa and the Middle East.

[…] The political upheaval has gone further in Italy than in most other EU countries. In March 2018 elections, Italy’s mainstream parties suffered a heavy defeat. In a country tired of economic stagnation and ineffectual political incumbents, one in three Italians backed 5 Star, while the League won 17% of the vote. Since then, however, 5 Star has struggled in government and its support has halved, while Mr. Salvini’s tough stance on immigration has helped double support for the League.

If Italy holds early elections, Mr. Salvini could become the first leader of a major EU nation who comes from a self-described populist party to the right of Europe’s mainstream conservatives. Mr. Salvini, an avowed admirer of Russian President Vladimir Putin, has challenged the EU’s rules on fiscal discipline, accusing Germany and France of hypocritically breaking the rules while imposing austerity on Italy. Some League officials have advocated Italy’s exit from the euro, although Mr. Salvini says it isn’t on his agenda. (read more)

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In the background of all of this we have: (1) Italy’s involvement in “spygate” and the U.S. intelligence operations in/around Joseph Mifsud (Malta).  (2) The pending Brexit at the end of October, a threat to Pelosi’s ideological group.  (3) The possible defeat of Canadian Prime Minister Justin Trudeau, another threat to Pelosi’s ideological group; and (4) the economics of Trump’s trade strategy, more threats to Pelosi’s scheme team.

Speaker Nancy Pelosi is traveling the world in an attempt to block rising nationalism, and the consequences of economic trade deals therein, wherever possible.  Her domestic political interests in the 2020 election are predicated on stopping the deglobalization process underway by President Trump.

The Rising Tensions: Kashmir – Hong Kong – Korea


The War Cycle is by far on schedule. We have tensions rising almost everywhere. In Asia, we have the Kashmir Crisis as hundreds of people took the streets in Srinagar, the main Indian city, to protest New Delhi’s decision to lift the special status of the territory.

In Hong Kong, there are fears that China will send in troops and take military action, which would trigger an international crisis as fear in Asia as a whole will rise sharply over the future of economic stability. This could send the yuan crashing and even force the break of the Hong Kong peg. The Hong Kong share market peaked in January 2018. It has not made new highs in 2019 and remains at risk of breaking the 2018 low of 24540.43. That gives way and capital is showing its concern for the future of Hong Kong.

In South Korea, the high in the share market remains that of November 2017. We are trading below the 2017 low. A closing at year-end below that warns of lower lows into 2020. Here, the concern is the economic pressure on North Korea. North Korea holds a Tree Planting Day every March. The question is whether it could help regreen a largely deforested nation whose people face food shortages, deadly natural disasters, and bitterly cold winters. These economic pressures will eventually push the Supreme Leader into perhaps an attack on South Korea or face an overthrow himself.

We have a serious crisis building in Asia on three fronts. Then there is the chaos of Europe. The Democrats are complete idiots for claiming if Britain exits the EU, they will block any trade deal to punish Britain in support of Brussels. Instead of helping to solve the crisis, they are encouraging the EU not to renegotiate. The Democrats are basically saying — screw the Irish.

Right now, I am working from Asia in the middle of a real crisis with a front-row seat.