|
| A/O Global Intelligence Weekly: Apathy Towards China Threatens National Security; Weakens American Power Abroad |
|
China, since its opening to the West in the late 1970s with Deng Xiaoping's economic reforms, consistently has misled the West about its intentions. Since then, U.S. business interests have taken the lead in dealing with China, basing our relationship on profit while ignoring Chinese human rights violations, such as its brutal supression of the 1989 pro-democracy movement in Tiananmen Square, the repression of the Tibetan people and the massive human rights violations directed at Xianjiang's Muslim population.
China's so-called "market based" economy, really an extension of Mao-era planned economics, has raised about 350-500 million of 1.4 billion Chinese from poverty to the middle and upper classes. Yet the U.S. and the West have consistently ignored the desires of young Chinese to rise against their repressive government and institute a more democratic open system.
In fact, the U.S., Europe and Japan have supported China by providing low and no-interest financial assistance boosting the economic power of its government and elites, including its Red aristocratic "princeling" families whose wealth has swollen to trillions of dollars.
This policy of low-interest financial assistance has also greatly aided the eleven intelligence divisions controlled by such families who control state-owned media outlets and companies such as Huawei, ZTE, Alibaba and Tencent.
In the meantime, Western business and governmental interests have been silent about China's widespread human rights violations and increasing global aggression and dominance. China has, in fact, started so-called "transfinite" warfare, also known as "warfare without advanced weaponry," against the U.S. which -- due to the constraints of our political system -- we have been unable to effectively respond.
In essence, China believes, in the 21st century, that the key to hegemony lies in recruiting large financial institutions, scientists, professionals, business leaders, politicians and students as "soldiers without uniforms" against the U.S.
While the U.S. has depleted its global resources and goodwill by fighting four wars in the last 20 years, China, without fighting a war, has turned many countries across South and Central America, Eastern Europe, and Central and Southeast Asia into satellite states. Through economic deals, China has established military and economic bases in these countries, without generating significant local resentment.
China also exerts considerable influence in Afghanistan, Syria and Iraq without sending troops. China understands that "soft power," i.e., money, serves its interests better than military weapons. China has used a virtually unlimited supply of money to seduce Wall Street, U.S. high-tech companies, politicians and others, with large state-owned companies serving as integral parts of its transfinite warfare strategy.
In the meantime, the U.S. has responded to China's repressive policies largely with indifference. A classic example of this was Hillary Clinton's handling of the 2012 Bo Xilai case as Secretary of State. In that case, Clinton returned Chongqing Police Chief Wang Lijun to Chinese custody when he arrived at the U.S. consulate seeking asylum with a trove of highly secret documents he had brought with him exposing Chinese intelligence secrets. These documents constituted an effective warning about the degree of China's penetration of the West's financial system.
The information, however, was returned to China unread and unopened. Wang was sentenced to 15 years in Chinese prison and his family has been inhumanely persecuted. The Bo case was a milestone in U.S.-China relations, effectively telling dissidents among China's ruling elite that the U.S. will never be on their side and will always sell them out.
It has become clear that Wall Street and U.S. business interests will do anything to accomodate China's ambitions to become the preeminent world power. Recent evidence of complicity can be found in the Malaysian 1MBD Fund scandal, where close to $1 billion USD was channeled into the account of Malaysia's Prime Minister, Najib Razak, from a $5 billion fund promoting Chinese hegemony through its "One Belt One Road" initiative.
The underlying international bank fraud and money laundering was masterminded by Jho Low, who hid at the Peninsula Hotel in Shanghai until being reported missing by Shanghai TV and who now may be with Chinese help hiding in Qatar, a major One Belt One Road player. Much of the debt of the 1MBD Fund resulted from a $3 billion state-guaranteed 2013 bond issue led by Goldman Sachs, which is believed to have made as much as $300 million in fees from that deal alone.
Wall Street also has been economically complicit with China in perpetrating the myth of China's devaluation of its currency, the RMB. According to Professor Xiang, professor of economics at the prestigious Renming University in Beijing (which produces the economic data used by China's government), the RMB actually is significantly overvalued and should trade with the dollar at a ratio more like 19 to 1 as opposed to its current level of 6.7 to 1.
The RMB has been set atificially high to attract global investment to China and increase Chinese purchasing power in the U.S., but the current ratio flies in the face of China's massive waves of quantitative easing; a wave that dwarfs the QE of the U.S., Europe and Japan combined. According to official statistics, in 2016, China's M-2 money supply exceeded 2.5 times that of the U.S., the E.U. and Japan combined.
To support the RMB, the West consistently has willingly accepted spurious Chinese economic data, so long as it promotes western investment in China, for example, accepting at face value China's assertion that current GDP growth is 6% annually. Professor Xiang pegs the figure at a much more realistic 1.67%, a figure that, if widely accepted, would greatly devalue foreign investment in China.
Globalists have accepted China's economic figures unquestioningly because it is in their financial interest to do so and have fought back fiercely when, for example, the Trump Administration has challenged China's economic and trade policies. The actions of globalists, including Wall Street, have strengthened China's government and its elite class, including its "princelings" while triggering a huge net real wealth transfer from the U.S. and the EU to China.
China's 350-500 million middle class now easily can afford $100,000 in U.S. college tuition for their children, while an economic sub-class of 90-95 million Americans derisively referred to as "deplorables" by Hillary Clinton, in U.S. rural areas has been denied access to higher education.
More after the jump. . . |
|
|
|
