Wrestling and developments: things are linked together

US aircraft carrier ‘USS Ronald Reagan’ sits anchored in Manila Bay, Philippines, Wednesday, August 7, 2019.

Latest tweets from President Donald Trump on China

Massive amounts of money from China and other parts of the world is pouring into the United States for reasons of safety, investment, and interest rates! We are in a very strong position. Companies are also coming to the U.S. in big numbers. A beautiful thing to watch!

“Three more Central Banks cut rates.” Our problem is not China – We are stronger than ever, money is pouring into the U.S. while China is losing companies by the thousands to other countries, and their currency is under siege – Our problem is a Federal Reserve that is too proud to admit their mistake of acting too fast and tightening too much (and that I was right!). They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW. Yield curve is at too wide a margin, and no inflation! Incompetence is a terrible thing to watch, especially when things could be taken care of sooo easily. We will WIN anyway, but it would be much easier if the Fed understood, which they don’t, that we are competing against other countries, all of whom want to do well at our expense!

Watching Sleepy Joe Biden making a speech. Sooo Boring! The LameStream Media will die in the ratings and clicks with this guy. It will be over for them, not to mention the fact that our Country will do poorly with him. It will be one big crash, but at least China will be happy!

Remarks by President Trump Before Marine One Departure

China just admitted yesterday that they’ve been a currency manipulator.  First time they’ve ever been called out.  Companies are moving out of China by the thousands, and our country is doing very well.  We’re going to see how it all works out.  Somebody had to do this with China because they were taking hundreds of billions of dollars a year out of the United States.  And somebody had to make a stand.  So, I think our country is doing really well.

China was like an anchor on us.  China was killing us with unfair trade deals.  The people that allowed that to happen are a disgrace.  China, what they were doing to us, for years and years, taking hundreds of billions of dollars out, stealing intellectual property, targeting our farmers.  All of that is ending, and they understand that.

At some point, as I just said, we have to take on China.  They’ve been taking — look, they’ve been taking us to the cleaners for 25 years.  This should’ve been done long before me as a President.

Source: the White House August 7.

Nuclear-powered aircraft carrier USS Ronald Reagan in Manila

The USS Ronald Reagan (CVN 76), a Nimitz-class nuclear-powered American aircraft carrier, docked in Manila Wednesday for a brief port call to highlight the “strong community and military connections” between the Philippines and the United States.

Aside from the nuclear-powered aircraft carrier, the Ronald Reagan Carrier Strike Group includes the Ticonderoga class guided-missile cruisers USS Antietam (CG 54) and USS Chancellorsville (CG 62).

Rear Admiral Karl Thomas, Task Force 70 commander, on the other hand said: “This port call is a direct reflection of the longstanding relationship between the US and the Philippines and underscores our strong support to peace and stability in the Indo-Pacific region.”

Tensions in the disputed waters rose as President Rodrigo Duterte said he would invoke the ruling of a United Nations-backed tribunal favoring Manila in its claim in the hotly contested South China Sea.

Source: Manila Bulletin

The direction of the US stock market is being determined by China’s currency right now

Wall Street is obsessed with the yuan right now.

At 9:44 a.m. ET, the Chinese offshore currency hit an intraday low against the dollar. Merely two minutes later, the S&P 500 slumped to the low of the day of 2,824.45. Stocks quickly rebounded in the afternoon with the S&P 500 erasing a 2% loss just when the yuan started to stabilize.

The yuan came to the limelight after China weaponized the currency in the trade war with the U.S. to retaliate against President Donald Trump’s tariffs. China on Monday allowed the currency to breach a psychological level — 7 against the dollar — for the first time since 2008, which triggered a deep sell-off with major stock averages suffering their worst days of the year.

Source: CNBC

China’s global ambition “like the rise of Nazi Germany”, says Australia’s top intelligence MP

The Liberal MP who heads parliament’s powerful intelligence committee has compared China’s growing global ambition to the rise of Nazi Germany.

Andrew Hastie made the extraordinary remarks in a newspaper opinion piece published today, declaring that “choices will be made for us” if China’s activities aren’t managed.

“The West once believed that economic liberalisation would naturally lead to democratisation in China,” Mr Hastie wrote for Channel 9 newspapers.

“It would keep us safe, just as the French believed their series of steel and concrete forts would guard them against the German advance in 1940. But their thinking failed catastrophically.

“The French had failed to appreciate the evolution of mobile warfare. Like the French, Australia has failed to see how mobile our authoritarian neighbour has become.

“Even worse, we ignore the role that ideology plays in (China’s) actions across the Indo-Pacific region.”

China poses an unprecedented national security and economic risk to Australia and its interests, Mr Hastie said.

Source: Australia News Corporation

China boycotts the Golden Horse awards, Taiwan’s ‘Chinese Oscars’

China’s film regulator said on Wednesday it was blocking the mainland movie industry from participating in Taiwan’s Golden Horse awards, the ‘Chinese Oscars’. No reason was given, in the latest sign of rising tensions between Beijing and the self-ruled island.

China’s content regulator has also been taking an extra-cautious stance over its own media industry in the run-up to the 70th anniversary of the founding of the People’s Republic on 1 October, withdrawing a few blockbusters and banning “entertainment-driven” historical dramas and idol dramas.

Source: The Guardian

With Hong Kong divided, Beijing tries new tactic to discredit protest movement

The idea of China’s People’s Liberation Army (PLA) on the streets of Hong Kong seemed unthinkable just a few weeks ago. Now it is being considered a possibility.

It has become a war of attrition. Ahead of the tenth consecutive weekend of protests in Hong Kong, neither the government nor demonstrators are giving an inch of ground.

But what of the residents who find themselves caught between the two sides, their neighborhoods wracked by tear gas, barricades and weekly violent clashes?

Since June 9, hundreds of thousands of Hong Kong citizens have come out to support the protests and voice their dissatisfaction with the city’s government and its policies.

As recently as last weekend, families and older citizens had joined rallies to show their support. But there has been concern over whether escalating acts of violence, including the trashing of Hong Kong’s government headquarters, have undermined this backing.

It is this potential “silent majority” that Beijing is hoping to connect with as part of a new tactic experts say is intended to discredit anti-government protesters and bolster support for mainland China.

Source: CNN

China Warns Hong Kong It Will Intervene if Situation Deteriorates

A symposium is jointly held by the Hong Kong and Macao Affairs Office of the State Council and the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region (HKSAR) in Shenzhen, south China’s Guangdong Province, Aug. 7, 2019.

More than 550 people attended the meeting, including HKSAR deputies to the National People’s Congress, national and provincial political advisors from HKSAR, leaders of patriotic political and social organizations in Hong Kong, as well as those from relevant youth, education and professional organizations and mainland enterprises operating in Hong Kong.

“The most pressing and overriding task at present is to stop violence, end the chaos and restore order, so as to safeguard our homeland and prevent Hong Kong from sinking into an abyss,” said Zhang Xiaoming, director of the Hong Kong and Macao Affairs Office of the State Council.

“It is now a ‘life-or-death’ fight for the very future of Hong Kong,” Wang said. “There is no room for retreat.”

Source: Xinhua

Edited by staff


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