Tag Archives: Xinhua News Agency

Aug 31 2019

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.

 

 

Aug 27 2019

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


Armstrong Economics Blog/China

Re-Posted Aug 26, 2019 by Martin Armstrong

 

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.