The Tiananmen Square Massacre Tank Man
DIVINE INTERVENTION AND PROTECTION NEEDED FOR THE BRAVE PEOPLE OF HONG KONG ... PEOPLE ON MAINLAND CHINA, YOU MUST RESIST, YOU MUST RECLAIM YOUR COUNTRY, YOU MUST GAIN FREEDOM, OR YOU WILL PERISH AS A CULTURE, AS A PROUD ANCIENT PEOPLES.
MEANWHILE, THE SATANIC, CHILD-KILLING UNITED NATIONS IS DEMANDING THE INVASION OF OUR BELOVED COUNTRY...DEMANDING THAT THEY TAKEOVER, RULE OVER ***WE THE PEOPLE***
https://www.infowars.com/ilhan-omar-demands-un-take-control-of-us-borders-in-mirror-of-european-migrant-crisis/
Note: This puppet-whore who has committed crime after crime, including breaking up a marriage with infidelity, THROW HER OUT OF *OUR* COUNTRY FOR SEDITION, FOR TREASON NOW!!!
End of August yowls, growls, and roars, most precious of All Kitkats ... the world is about to conflict-explode on every level... for, humanity must WIN it's AQUARIAN AGE 1776 FREEDOM worldwide, or succumb to the most brutal and vile hellish existence ever, and ultimately death. THE DEATH OF OUR HUMAN RACE ON EARTH.
It's on, people. Choose FREEDOM for All, or choose the ONE WORLD ORDER torture-death cult.
THIS IS A COOL DOGGIE STORY...
Wags and weeds: Invasive plants meet match in detection dogs...
***Sing Halleluja, the Hong Kong Protestors*** YES, THE KOUGAR TEARED UP SHE WAS SO MOVED... THIS WAS ABSOLUTELY BEAUTIFULLY SPIRITUAL... THANK YOU, DIVINE!
THE MEAN KLANTIFA STREETS... WATCH OUT FOR EACH OTHER, BIG CATS, IF YOU HAVE TO BE IN THESE CRAZED-CRAZY AREAS...
HILARIOUS, THIS AD SHOT THE KOUGAR'S FUNNY BONE, BUT GOOD! SHE LOVES THIS TYPE OF CORNY COMEDY.
https://www.infowars.com/hilarious-gun-store-ad-bypasses-facebook-censorship-watch-it-here/
IMPORTANT NOTE: FOR MORE HONG KONG-REPORT VIDS BY GREG REESE AND SAVANAH HERNANDEZ, EITHER GO TO THEIR YOUTUBE CHANNELS BEFORE THEY'RE DELETED OR GO TO INFOWARS.COM
https://www.infowars.com/chinas-plan-for-hong-kong-invasion-revealed/
https://www.newswars.com/watch-hong-kong-protesters-condemn-extradition-bill-tyranny-from-communist-china/
Infowars is on the ground with protesters in Hong Kong fighting to maintain their national sovereignty, as China attempts to impose a draconian extradition bill.
Infowars reporter Savannah Hernandez attends a student protest and
interviews several demonstrators, who wear face masks to block facial
recognition software which could single out political dissidents.
“The bill is about how China is controlling Hong Kong,” one protester said. “And this is affecting our freedom, our justice, and also this is destroying our freedom and everything Hong Kong is protecting.”
Protesters also told Savanah they are distrustful of reports that the Hong Kong government has suspended the extradition bill.
“Actually, the government is still lying. They claim that the bill has been suspended, but actually we can still find the bill in the legal documents. So, we think that the government is actually not trustworthy, so we are still protesting.”
Check out exclusive photos from Thursday’s massive protest:
One protester held a sign with an illustration showing a woman with her eye dislodged from its socket, a homage to a police assault which injured another protester after being shot with a bean bag round at close range. The incident sparked the protest slogan “eye for an eye.”
https://www.newswars.com/bombshell-on-the-ground-coverage-hong-kong-protests-expose-freefall-collapse-of-globalism/
Beijing’s decision to focus less on Hong Kong while building up neighboring Shenzhen as a rival city reveals the loosening influence that globalism is having on world populations.
China knows the world is watching, and has avoided a Tiananmen Square-style response to the Hong Kong protests so far in part because many of the young protesters have nothing to lose due to extreme cost of living in the city combined with low wages.
Some estimates indicate that nearly half of Hong Kong’s population are considered “working poor” in which they are employed, but don’t make enough money for basic living needs.
According to ChinaUrbanDevelopment.com:
The picture is clear: Hong Kong is expensive, and housing is a huge expense for most people. Price-To-Income (a basic measurement for housing affordability) in Hong Kong is almost double that of New York City (35.8 in HK; 19.5 in NYC).
What can low-income residents do? Some have the patience to wait in extremely inhumane living arrangements until the day a public housing spot opens up: some build shelters on others’ roofs, and some spend their nights at McDonald’s as McRefugees. Most of them live “creatively” day-to-day, because they have no other choice.
In short, such a heavy-handed response against protesters would backfire, and in a way it’s unprecedented for China to instead focus on a relatively-peaceful solution of developing Shenzhen as a more “autonomous special economic zone.”
Infowars is on the ground in Hong Kong with in-depth interviews with locals and unprecedented coverage of what’s going on.
And as you’ll see from the following reports, many of the protesters fear being kidnapped by Chinese authorities, but that hasn’t stopped them from pressing on, which highlights the waning influence of globalism pushed by highly-centralized governments.
MEANWHILE, THE CHICOMS ARE DIGGING THEIR GRAVE EVER DEEPER... PEOPLE, WE DON'T NEED CHINESE PRODUCTS... WE CAN MAKE IT HERE OR TRADE WITH ANOTHER COUNTRY!!!
******
Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE, all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop – it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way! ******
https://www.thegatewaypundit.com/2019/08/we-dont-need-china-and-frankly-would-be-far-better-off-without-them-president-trump-blasts-chinese-regime-after-threats-of-new-tariffs-market-reacts/
IF YOU WANT OTHERS TO SUFFER TERRIBLY BY TANKING THE ECONOMY, IF YOU ARE THAT HATEFUL, GET THE HECK OUTTA HERE. GO LIVE IN CHINA, IN VENEZUELA, IN NORTH KOREA...
Democrats and the mainstream media are openly cheering for a recessionto hit the U.S. economy in the coming days. They see that as a way to oust President Trump from the White House.
CHINA IS EFFECTIVELY ECONOMICALLY CORNERED... HOWEVER, THERE IS AN EASY WAY OUT OF THAT CORNER, A WAY TO WORK IN A LOVING WAY WITH HUMANITY ... INSTEAD THE CHINESE COMMIES WOULD RATHER DESTROY, KILL, CONTROL YOU WITH T THEIR EVIL SOCIAL CREDIT SCORE SYSTEM...
https://www.thegatewaypundit.com/2019/08/must-read-trump-is-right-china-is-in-terrible-economic-condition-cannot-afford-to-lose-the-us-market/
imo, It's our ONE BIG CHANCE to win against the monopolistic tyranny that is Communist China...Red Dawn is, in truth, on our borders: south, north, east coast, west coast, and has invaded through universities and corporations, and gawd knows what else. Their evil-sucking tentacles are all over the world, as well. Also, the evil caliphate tentacles are wrapping around us, tightening around the world. WE STOP IT NOW OR SUFFER HORRIBLE-ENSLAVING consequences, and ultimate destruction. Given their economic backs are against the wall, the Chicoms will fight like the Japanese in WWII to save themselves. Japan needed oil, and was cut off, and couldn't survive economically. However, the difference is that there are groups of people in mainland China, especially in the farm areas, who are revolting. Hong Kong is essentially in revolt. Along with Taiwan being ready to fight back.
REMEMBER, Diane Feinstein, and her driver Chicom spy. All the paid-off connections to China in congress. Biden and his son's traitorous deals with China.
DIVINE INTERVENTION AND PROTECTION NEEDED FOR THE BRAVE PEOPLE OF HONG KONG ... PEOPLE ON MAINLAND CHINA, YOU MUST RESIST, YOU MUST RECLAIM YOUR COUNTRY, YOU MUST GAIN FREEDOM, OR YOU WILL PERISH AS A CULTURE, AS A PROUD ANCIENT PEOPLES.
MEANWHILE, THE SATANIC, CHILD-KILLING UNITED NATIONS IS DEMANDING THE INVASION OF OUR BELOVED COUNTRY...DEMANDING THAT THEY TAKEOVER, RULE OVER ***WE THE PEOPLE***
ILHAN OMAR DEMANDS UN TAKE CONTROL OF US BORDERS IN MIRROR OF EUROPEAN MIGRANT CRISIS
“We have to bring in the United Nations high commissioner on refugees.”
Rep. Ilhan Omar is demanding that the United Nations take control of the U.S. border with Mexico in a mirror of how Europe was inundated with migrants following lobbying from international bodies.https://www.infowars.com/ilhan-omar-demands-un-take-control-of-us-borders-in-mirror-of-european-migrant-crisis/
Note: This puppet-whore who has committed crime after crime, including breaking up a marriage with infidelity, THROW HER OUT OF *OUR* COUNTRY FOR SEDITION, FOR TREASON NOW!!!
End of August yowls, growls, and roars, most precious of All Kitkats ... the world is about to conflict-explode on every level... for, humanity must WIN it's AQUARIAN AGE 1776 FREEDOM worldwide, or succumb to the most brutal and vile hellish existence ever, and ultimately death. THE DEATH OF OUR HUMAN RACE ON EARTH.
It's on, people. Choose FREEDOM for All, or choose the ONE WORLD ORDER torture-death cult.
THIS IS A COOL DOGGIE STORY...
Wags and weeds: Invasive plants meet match in detection dogs...
***Sing Halleluja, the Hong Kong Protestors*** YES, THE KOUGAR TEARED UP SHE WAS SO MOVED... THIS WAS ABSOLUTELY BEAUTIFULLY SPIRITUAL... THANK YOU, DIVINE!
The Hong Kong protestors have adopted the classic hymn “Sing Hallelujah to the Lord” as their anthem as they struggle against communist oppression.
The protestors are standing strong, even as troops mass along the border of Hong Kong in the Chinese city of Shenzhen. Taking a Christian hymn as their anthem is a middle finger to the atheistic communists who control mainland China. You can see a video of them ABOVE:
Shad Olson, a conservative radio commentator, summed up the situation well in an article:
In the midst of the chaos and the threat of brutal genocide by a totalitarian regime, the spirit of the Almighty God is moving in Hong Kong, as witnesses recount a movement of mass revival and personal spiritual salvation that is sweeping the ranks of political protesters in moment by moment experiences of the touch of Christ in the lives of oppressed people standing firmly for their beliefs.
In a video for the National File, Steve Bannon explained just why the communist Chinese government wants to quash this “contagion of freedom” so quickly:
The People’s Liberation Army and the entire apparatus of the Chinese Communist Party do not want the contagion of freedom to spread in mainland China. These young patriots are… walking through Hong Kong, not with the Union Jack, which they were doing 11 weeks ago, but with Old Glory, the flag of the United States of America… That flag represents freedom to people throughout the world. And that drives their communist masters nuts.
These patriots are in direct contrast with the protestors that Americans are forced to deal with; instead of freedom-loving, Christian individuals, we have violent mobs of antifa thugs. At the “End Domestic Terrorism” rally in Portland, Antifa werecaught throwing slabs of concrete at buses carrying Proud Boys and other attendees of the rally.
https://nationalfile.com/video-sing-hallelujah-to-the-lord-becomes-new-anthem-of-hong-kong-protestors/THE MEAN KLANTIFA STREETS... WATCH OUT FOR EACH OTHER, BIG CATS, IF YOU HAVE TO BE IN THESE CRAZED-CRAZY AREAS...
**ATTEMPTED STABBING OF US MARINE VET BY ANTIFA** (360cam- Play by Play)
Published on Aug 22, 2019
I take you through the whole incident leading up to the Portland Massacre videos with this AMAZING VR 360 cam Video. I breakdown exactly what happened with Greg Isaacson a Well know and respected USMC VETERAN who lives there and is under constant attack by Antifa for no reason! I stopped an attempted stabbing without him even knowing! Glory to God
HILARIOUS, THIS AD SHOT THE KOUGAR'S FUNNY BONE, BUT GOOD! SHE LOVES THIS TYPE OF CORNY COMEDY.
HILARIOUS GUN STORE AD BYPASSES FACEBOOK CENSORSHIP – WATCH IT HERE!
Anti-First Amendment social media companies can’t stop the Second Amendment
https://www.infowars.com/hilarious-gun-store-ad-bypasses-facebook-censorship-watch-it-here/
IMPORTANT NOTE: FOR MORE HONG KONG-REPORT VIDS BY GREG REESE AND SAVANAH HERNANDEZ, EITHER GO TO THEIR YOUTUBE CHANNELS BEFORE THEY'RE DELETED OR GO TO INFOWARS.COM
CHINA’S PLAN FOR HONG KONG INVASION REVEALED
Infowars reporters are on the ground in Hong Kong breaking down these bombshell developments
The massive bridge linking Hong Kong to mainland China is critical for the Chinese military to control if it attempts a full-blown invasion of Hong Kong.
Infowars is on the ground in Hong Kong explaining what’s going on right now:
The bridge links Hong Kong to Macau, another autonomous city that was once a port of the Portuguese Empire.
China has fixed Macau’s election, set to take place this Sunday, August 25th. The communist party is placing pro-Beijing leaders in power to slowly take over the city’s freedoms:
Day trip to #Macau, neighboring city to Hong Kong that shares quite a few similarities.
This is another city that is feeling the imposition of mainland China on their autonomy.
Report to come on China’s influence in their elections this Sunday...
This is another city that is feeling the imposition of mainland China on their autonomy.
Report to come on China’s influence in their elections this Sunday...
https://www.infowars.com/chinas-plan-for-hong-kong-invasion-revealed/
https://www.newswars.com/watch-hong-kong-protesters-condemn-extradition-bill-tyranny-from-communist-china/
Infowars is on the ground with protesters in Hong Kong fighting to maintain their national sovereignty, as China attempts to impose a draconian extradition bill.
Hong Kong protesters comment on the extradition bill and some of what is experienced from mainland China. #HongKongProtestsFull report here: https://t.co/orftOYePdb pic.twitter.com/5QSjBb2FzM
— Sav (@sav_says_) August 22, 2019
“The bill is about how China is controlling Hong Kong,” one protester said. “And this is affecting our freedom, our justice, and also this is destroying our freedom and everything Hong Kong is protecting.”
Protesters also told Savanah they are distrustful of reports that the Hong Kong government has suspended the extradition bill.
“Actually, the government is still lying. They claim that the bill has been suspended, but actually we can still find the bill in the legal documents. So, we think that the government is actually not trustworthy, so we are still protesting.”
UPDATE: The students of Hong Kong have a message “Orange Man NOT Bad”1,500 student expected at today’s demonstration. #HongKong #HongKongProtests #Trump pic.twitter.com/j6QtCZAINh
— Sav (@sav_says_) August 22, 2019
Check out exclusive photos from Thursday’s massive protest:
One protester held a sign with an illustration showing a woman with her eye dislodged from its socket, a homage to a police assault which injured another protester after being shot with a bean bag round at close range. The incident sparked the protest slogan “eye for an eye.”
https://www.newswars.com/bombshell-on-the-ground-coverage-hong-kong-protests-expose-freefall-collapse-of-globalism/
Beijing’s decision to focus less on Hong Kong while building up neighboring Shenzhen as a rival city reveals the loosening influence that globalism is having on world populations.
China knows the world is watching, and has avoided a Tiananmen Square-style response to the Hong Kong protests so far in part because many of the young protesters have nothing to lose due to extreme cost of living in the city combined with low wages.
Some estimates indicate that nearly half of Hong Kong’s population are considered “working poor” in which they are employed, but don’t make enough money for basic living needs.
The picture is clear: Hong Kong is expensive, and housing is a huge expense for most people. Price-To-Income (a basic measurement for housing affordability) in Hong Kong is almost double that of New York City (35.8 in HK; 19.5 in NYC).
What can low-income residents do? Some have the patience to wait in extremely inhumane living arrangements until the day a public housing spot opens up: some build shelters on others’ roofs, and some spend their nights at McDonald’s as McRefugees. Most of them live “creatively” day-to-day, because they have no other choice.
In short, such a heavy-handed response against protesters would backfire, and in a way it’s unprecedented for China to instead focus on a relatively-peaceful solution of developing Shenzhen as a more “autonomous special economic zone.”
Infowars is on the ground in Hong Kong with in-depth interviews with locals and unprecedented coverage of what’s going on.
And as you’ll see from the following reports, many of the protesters fear being kidnapped by Chinese authorities, but that hasn’t stopped them from pressing on, which highlights the waning influence of globalism pushed by highly-centralized governments.
Hong Kong protesters comment on the extradition bill and some of what is experienced from mainland China. #HongKongProtestsFull report here: https://t.co/orftOYePdb pic.twitter.com/5QSjBb2FzM
— Sav (@sav_says_) August 22, 2019
The East Is The New West. While the West sleepwalks towards tyranny and Communism, the people of Hong Kong stand united against the Chi-Comms…slayers of freedom and over 100 million souls #InfoWars #HongKongProtests #1776WorldWide pic.twitter.com/wkVKXN9sSK— Greg Reese (@gregreese) August 22, 2019
Mainland China Admits To Detaining Missing UK Consulate Employee.Simon Cheng, a Hong Kong citizen, went missing August 8th after trying to cross back into HK from Shenzhen China
Family states that Chinese police are allegedly obstructing Cheng from seeing his lawyer. pic.twitter.com/sBT1EZrP58
— Sav (@sav_says_) August 22, 2019
Pictures of the secondary students and teachers protest in Hong Kong. Exclusive interviews to come pic.twitter.com/lo5es0smn8— Sav (@sav_says_) August 22, 2019
UPDATE: The students of Hong Kong have a message “Orange Man NOT Bad”1,500 student expected at today’s demonstration. #HongKong #HongKongProtests #Trump pic.twitter.com/j6QtCZAINh
— Sav (@sav_says_) August 22, 2019
Thousands out today to protests Hong Kong’s extradition bill and Beijing’s influence in the city’s politics #HongKong #HongKongProtests pic.twitter.com/NmCp0yeiUX— Sav (@sav_says_) August 22, 2019
Protestors write their thoughts and opinions about China and the extradition bill and place them on a ‘Lennon Wall’ pic.twitter.com/TExPfIVQxD— Sav (@sav_says_) August 22, 2019
A quick history behind the extradition bill and the 11 weeks of protests we are currently witnessing in Hong Kong.Full report at: https://t.co/MusTimsEE2 pic.twitter.com/YSX9Nwv2Px
— Sav (@sav_says_) August 22, 2019
MEANWHILE, THE CHICOMS ARE DIGGING THEIR GRAVE EVER DEEPER... PEOPLE, WE DON'T NEED CHINESE PRODUCTS... WE CAN MAKE IT HERE OR TRADE WITH ANOTHER COUNTRY!!!
CHINA RETALIATES WITH $75 BILLION IN NEW TARIFFS
Chicoms dig in for trade war
“We Don’t Need China and Frankly Would Be Far Better Off Without Them” – PRESIDENT TRUMP Blasts Chinese Regime After Threats of New Tariffs — Market Reacts
On Friday the Chinese Communist Government announced new tariffs on $75 billion of US imports.
Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE, all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop – it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way! ******
https://www.thegatewaypundit.com/2019/08/we-dont-need-china-and-frankly-would-be-far-better-off-without-them-president-trump-blasts-chinese-regime-after-threats-of-new-tariffs-market-reacts/
IF YOU WANT OTHERS TO SUFFER TERRIBLY BY TANKING THE ECONOMY, IF YOU ARE THAT HATEFUL, GET THE HECK OUTTA HERE. GO LIVE IN CHINA, IN VENEZUELA, IN NORTH KOREA...
Trump Rips Democrats, Liberal Media For Hoping Economy Tanks
Democrats and the mainstream media are openly cheering for a recessionto hit the U.S. economy in the coming days. They see that as a way to oust President Trump from the White House.
“If there is a recession and the economy is doing worse, not better, than when Donald Trump started, it is hard to see how the majority of the American people, even those who have looked the other way on so many of his indiscretions, will decide to give him a shot at another four years,” Jennifer Psaki, a former White House staffer for Barack Obama, told the Associated Press.
Trump on Friday blasted the naysayers.
“The Economy is strong and good, whereas the rest of the world is not doing so well,” Trump wrote on Twitter. “Despite this the Fake News Media, together with their Partner, the Democrat Party, are working overtime to convince people that we are in, or will soon be going into, a Recession. They are willing to lose their wealth, or a big part of it, just for the possibility of winning the Election. But it won’t work because I always find a way to win, especially for the people! The greatest political movement in the history of our Country will have another big win in 2020!”
https://www.thegatewaypundit.com/2019/08/trump-rips-democrats-mainstream-media-for-hoping-economy-tanks/CHINA IS EFFECTIVELY ECONOMICALLY CORNERED... HOWEVER, THERE IS AN EASY WAY OUT OF THAT CORNER, A WAY TO WORK IN A LOVING WAY WITH HUMANITY ... INSTEAD THE CHINESE COMMIES WOULD RATHER DESTROY, KILL, CONTROL YOU WITH T THEIR EVIL SOCIAL CREDIT SCORE SYSTEM...
MUST READ… TRUMP IS RIGHT! China Is In Terrible Economic Condition; Cannot Afford to Lose the US Market
A live report from Hong Kong, ChinaPresident Trump yesterday announced that the US will increase tariffs on China and then ordered all US firms to begin seeking alternatives to doing business with China!
The Chinese regime is in a lethal position and has only two choices.
The regime can either give the US what it wants or perish.
President Trump recognizes that China is in an all out war with the US in regards to information and economics. For years Western leaders have done nothing but negotiate into weak positions, never standing up to the Communist regime. Former US Presidents treated China like they did Russia 50 years ago, as their superior always giving them what they wanted and never standing up to their abuse and criminal acts.
It is different with President Trump. The President knows he has the authority and ability to inflict a fatal blow to the Chinese economy. The US is arguably in its best economic period in history while China’s economy is its weakest in 30 years.
This morning President Trump tweeted the following: FOR TWEETS GO TO SITE https://www.thegatewaypundit.com/2019/08/must-read-trump-is-right-china-is-in-terrible-economic-condition-cannot-afford-to-lose-the-us-market/
The President knows that now is the time. China cannot handle the US tariffs while their economy implodes. They are on the brink of a massive economic collapse, so colossal that the regime is in danger of being dethroned!
The President retweeted the following post bringing attention to his action to designate China as a currency manipulator, further challenging the regime:
Less than 24 hours ago the President tweeted the following, noting he is putting more pressure on the regime with more tariffs in response to the regime’s actions:
The President also tweeted out orders for American firms “to immediately start looking for an alternative to China”.
President Trump knows that China needs the US now more than ever but the US doesn’t need China .
Two weeks ago we posted a presentation that former Trump Chief Strategist Steve Bannon gave regarding China.
Steve Bannon’s talk was historic. He discussed how China is at economic war with the US. He said America was losing until President Trump. Then he added this:
Well here’s the game and right now we are converging on a point and they understand this. We could take the whole thing down. We can take, the whole thing’s built on a house of sand…If they [China] devalue their currency they are just going to flood more out. They got $3 trillion of reserves and trust me, in a New York second that thing would flood out in a second. That’s what their own people think about their economy. We’ve allowed these guys to push us around. We’ve allowed these guys to take the South China Sea…This trade war is going to end in victory and what you’re going to see is a reorientation of the entire supply chain out of China…
Bannon is right. We reported in May that just like the US in 2008, a perfect storm is building in China. The excessive and extravagant construction projects, cash-flow challenges and lack of demand in China all could combine for a major financial disaster. Trump is right – now is the time to make a deal with China.
As the movie The Big Short showed, in 2008 few individuals saw the US sub-prime crisis before it raised its head.
The cause of the 2008 sub-prime crisis is discussed in Falling Eagle, Rising Tigers:
Politicians would have you believe that the 2008 financial meltdown was related to the more recent actions of one party or the other, but the roots of the 2008 housing market crisis really began in the 1930s with the creation of the Federal Housing Administration (FHA), which guaranteed banks’ mortgage risks and the Federal National Mortgage Association (FNMA), which effectively insured mortgages by purchasing mortgages from lenders. Both shifted risks from the lenders to the US taxpayers. Then in 1977, the Community Reinvestment Act (CRA) was signed into law by President Jimmy Carter. This law was designed to promote home ownership for minorities by prohibiting banks from refusing mortgages in poor areas due to the loan’s high risk. In addition, mortgage lenders were required under the 1975 Home Mortgage Disclosure Act (HMDA) to provide data about who they lent to. Then in 1991, HMDA rules were tightened and included specific demands for racial equality in the institution’s lending.
Credit-worthiness was no longer relevant in the US and the volume of subprime loans exploded. The government had inserted itself in the mortgage business. Like most government initiatives, their plans were doomed. Americans lacking the ability to pay for mortgages were provided mortgages at teaser rates that when fully adjusted would never be paid. This ultimately climaxed in 2008 with the subprime crisis that sent shock waves around the world and put financial markets in a tailspin.
A financial meltdown is in the works in China
Over the past few decades, China opened its borders and corporations around the world fled to China due to its cheap capital and meager payroll costs. As a result, China’s economy exploded. Again, from Falling Eagle, Rising Tigers:
While the US is moving more and more towards a welfare state, China is moving more and more towards prosperity. “Since the launch of economic reform in 1978 more people (in China) have been made materially better off in a shorter span of time than ever before in human history.”China’s rise out of poverty has been dramatic. For example, considering a consumption threshold of $1 a day using the 1993 Power Purchasing Parities (PPP), the World Bank tracked a reduction of poverty from 652 million Chinese people in 1981 to 135 million in 2004. China’s anti-poverty performance is even remarkable with a standard of $1.25 a day at 2005 PPP. “The numbers in poverty by this measure dropped from 848 million in 1981 to 351 million in 2004. This denotes that there were 517 ($1 standard) or 497 million ($1.25 standard) people who had escaped from absolute poverty during 1981-2004.” A half a billion Chinese citizens have risen out of poverty due to China’s changing policies!
The Chinese were relentless in their efforts to obtain Western technology and grow their economy. They set up trade barriers and manipulated their currency in ways that helped China. The US was at a disadvantage in trade resulting in massive deficits in the billions.
Along comes the Trump Administration, the first administration to address China’s unfair trade advantage.The timing of Trump’s tariffs is not good for China as there are more pressing issues that must be addressed.President Trump is a shrewd negotiator and he obviously believes now is the time to encourage China to make changes to their trade barriers with the US. China may have no choice but to go with what the US offers to keep its economy afloat.
The more pressing issues for China surround real estate, in a manner similar to the US in 2008. As China grew, it invested in its infrastructure and in addition, it invested in large housing projects throughout the country. These efforts helped bolster China’s already fast growing economy.
The problem is that China over invested in these random properties all over China and these properties today remain empty.
(See below pictures of real estate projects the middle of China (Hubei Province) – massive but mostly empty.)
There simply are not enough people in the area where these massive complexes were built that make enough money to afford living in these communities. It appears that the Chinese communists misunderstanding of supply and demand economics may be their downfall.
Some say, no problem, China will just move all the peasants to these massive complexes. This will be devastating. First of all China needs to feed them. Secondly, as we have learned in the US, people on the dole with no work tend to get involved in drugs and crime. The human spirit needs a purpose – idle hands are the devil’s workshop!
These many properties throughout China sit unoccupied, and there is a cost to this. Bloomberg reported in September 2018 –
Cash-to-short-term debt levels at more than 80 publicly traded real estate companies tracked by Bloomberg were 133 percent on average in the first half, the worst since the first six months of 2015 and down from 297 percent a year earlier. Almost a quarter of developers sport a ratio below 50 percent.
In addition, Bloomberg noted:
But while business has been booming, developers have also been piling on the debt. Firms have been selling more bonds in the domestic market — and at the cheapest rates as investors shrug off default concerns. Those with dollar-denominated obligations, meanwhile, face higher borrowing costs as the U.S. Federal Reserves continues on its tightening path.
The amount of debt related to China’s over development is massive. The total amount is unknown with S&P estimating the amount not reported by local communities and banks being over $6 trillion:
China may be sitting on a hidden debt pile of as much as 40 trillion yuan ($6 trillion), concealed off-balance-sheet by the country’s local governments, according to research from S&P Global Ratings.Many local governments in China raise debt and hold it off their balance sheet, in order to avoid lending limits imposed by central authorities. S&P says that this is a growing problem within the country, and that the amount of debt held this way has likely ballooned in recent years.
The government may have to take over these debts as they become insolvent –
Not only is the level of hidden debt held by local governments in the world’s second largest economy rising, but so too is the risk of those debts being defaulted on. Much of the debt is held by so-called local government financing vehicles (LGFVs), and S&P reports that central government may be willing to let these vehicles file for bankruptcy in the future.“Default risk of LGFVs is on the rise. China has opened up the possibility of insolvent LGFVs filing for bankruptcy, but managing the default aftermath is a formidable task for top leadership,” the report noted….The country’s total non-financial sector debt, which includes household, corporate and government debt, will surge to almost 300% of GDP by 2022, up from 242% in 2016. Fears abound that if this debt pile continues to grow, a spectacular blow up could be imminent.
China’s financial crash may make the 2008 crash in the US look small. The implications will no doubt impact the entire world. This is why China can’t afford to mess around with President Trump and must put together a treaty as soon as possible.
As China falls the US economy will be the one the world runs to and so the impact to the US will be a massive inflow of money resulting in rising markets due to capital infusions.
President Trump is right. Now is the time to deal with China. China is the country that can’t wait it out. President Trump knows it!
THE KOUGAR'S COMMENT ON THIS ARTICLE:imo, It's our ONE BIG CHANCE to win against the monopolistic tyranny that is Communist China...Red Dawn is, in truth, on our borders: south, north, east coast, west coast, and has invaded through universities and corporations, and gawd knows what else. Their evil-sucking tentacles are all over the world, as well. Also, the evil caliphate tentacles are wrapping around us, tightening around the world. WE STOP IT NOW OR SUFFER HORRIBLE-ENSLAVING consequences, and ultimate destruction. Given their economic backs are against the wall, the Chicoms will fight like the Japanese in WWII to save themselves. Japan needed oil, and was cut off, and couldn't survive economically. However, the difference is that there are groups of people in mainland China, especially in the farm areas, who are revolting. Hong Kong is essentially in revolt. Along with Taiwan being ready to fight back.
REMEMBER, Diane Feinstein, and her driver Chicom spy. All the paid-off connections to China in congress. Biden and his son's traitorous deals with China.
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