Showing posts with label Broken China. Show all posts
Showing posts with label Broken China. Show all posts

Tuesday, May 21, 2019

Broken China



What has been the genesis of our problems with China? I still remember when President Bill Clinton met the president of China, Jiang Zemin, twice back in the late 1990s during his second term ... and clearly signaling his fear of this man. Was this because of China’s secret donations to Clinton’s campaign through Charlie Trie? Or did Billy Bob sell himself out in some other nefarious way. All we know is that during his eight year reign, Clinton had the Loral Corp. teach China how to get its satellites into orbit, got China admitted into the World Trade Organization ... and gave them Most Favored Nations trading status. And I’m sure that there were other less obvious benefits that Billy Bob gave it up under the covers.

The above video ... WATCH IT, see what Clinton promised that never came about ... it was shot during Zemin’s first visit in 1997 and you, kind reader, can easily see the genesis of our false expectations and how well China duped Bubba and those who came after him in the White House ... except, of course, Donald J. Trump. Thank the Lord ...

Friday, July 03, 2015

Broken China


Recently I have pointed out the dragon in the room insofar as financial risk is concerned ... and that is the Shanghai stock market and its dramatic rise and fall ... see: The Next Bubble. Since I wrote this blog entry the stock market there has plunged 27% with no real relief in sight ... see: CNBC Story. The Chinese government seems in fibrillation mode in its frantic efforts to remedy this "bloodbath."


Shanghai Composit Index
There are many who believe that this major stock market correction in China poses a bigger threat to world financial stability than either the Greek or Puerto Rican problems.

I am among them.

Afterward: Not a good idea ... see: NY Times Story.