Watch the Money – Billionaires Exit Hong Kong as China Fist Looms….

More indications of the growing financial exit to avoid the predictable response from totalitarian moves by Beijing.  [BackstoryBackstory] Now we see reports growing of mass financial moves out of Hong Kong, as billionaires see the looming shadow of Red Dragon closing in…

HONG KONG (Reuters) – Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions.

One tycoon, who considers himself potentially politically exposed, has started shifting more than $100 million from a local Citibank account to a Citibank account in Singapore, according to an adviser involved in the transactions.

“It’s started. We’re hearing others are doing it, too, but no-one is going to go on parade that they are leaving,” the adviser said. “The fear is that the bar is coming right down on Beijing’s ability to get your assets in Hong Kong. Singapore is the favoured destination.”

Hong Kong and Singapore compete fiercely to be considered Asia’s premier financial centre. The riches held by Hong Kong’s tycoons have until now made the city the larger base for private wealth, boasting 853 individuals worth more than $100 million – just over double the number in Singapore – according to a 2018 report from Credit Suisse.

The extradition bill, which will cover Hong Kong residents and foreign and Chinese nationals living or travelling through the city, has sparked unusually broad concern it may threaten the rule of law that underpins Hong Kong’s international financial status.

Hong Kong’s Beijing-backed leader, Carrie Lam, has stood by the bill, saying it is necessary to plug loopholes that allow criminals wanted on the mainland to use the city as a haven. She has said the courts would safeguard human rights. (read more)

As predicted Singapore and Tokyo will be the primary benefactors of large scale shifts in financial wealth.  The investing class always leads the way.  You don’t have to be a geopolitical expert to see what is coming over the horizon. The trick is to make the exit quietly and re-position assets ahead of the rush for the exits.

The best days of Hong Kong are in the rear view mirror.  The combination of President Trump’s geopolitical trade pressure upon Beijing, and the natural tendency of China to respond with over-the-top totalitarian tactics (subtlety cast asunder), will mean a crushing and oppressive Red Dragon will soon step in to block the escape doors.

The Red Dragon is going to do what the Red Dragon does.

Thus begins the phase when corporate interests, particularly multinationals, recognize at its core China is a communist state-run, controlled-market, system.

The reaction from China is immensely predictable; and creates a downward spiral.  If any corporation is perceived as working against the interests of the state; the state will take control of the corporate interest.   What western business interest would want to do business within China when that reality is the landscape of every economic decision?

The willingness of China to self-immolate is the golden arrow in President Trump’s economic quiver.  The inability of China to modify itself based on downstream economic outcomes is the inherent weakness… Overlay that weakness with the zero-sum outlook and you get this quote from Chinese State-Run broadcast:

…“If the US wants to negotiate, our door is open. If you want to fight, we will fight to the end.”…

Think about the logical reality of this statement as expressed.  Put another way: ‘if you agree to our terms we will work with you; however, if you don’t agree to our terms, we will self destruct.’  That’s the economic reality of the zero-sum dragon mindset.  This inevitable position is what CTH has been outlining for several years.

China has no cultural or political space between peace and war; they are a historic nation based on two points of polarity.  They see peace and war as coexisting with each other.

Chinese engagement stems from a belief that opposite or contrary forces may actually be complementary, interconnected, and interdependent in the natural world, and they may give rise to each other as they interrelate to one another.  However, it must benefit China.

Trump is applying Chairman Xi’s own “us -vs them approach” toward confronting China. The supply chain investment Beijing needs to sustain itself is now being controlled by elements outside China. Beijing responds by attacking those in the international community who control the investment.

This will not end well for China.

Keep watching,… as time goes along and more companies, and nations, slowly walk toward the exits with China. There is just too much inherent financial risk.  The first loss is the best loss.

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167 Responses to Watch the Money – Billionaires Exit Hong Kong as China Fist Looms….

    • Drogers says:

      AaW –
      haha
      #waytovolitable

      Liked by 1 person

    • The Demon Slick says:

      Why do you say that? Please explain. I’m in the process of converting mine to physical gold. China through bitmain can theoretically get to 51% and blow it up. Do you have a different view?

      Liked by 1 person

    • bertdilbert says:

      Not a bitcoin fan, but I saw BTC prices going up when trade tariffs with China became a problem. First thing I thought of reading the headline was the recent movement in prices was attributable to the China situation. Apparently, I am not the only one who noticed.

      Trump is putting an economic fence around China. China is going to panic. When the money stops, the housing market will implode.

      Liked by 1 person

      • Deplorable Saint says:

        The housing market was imploding in China in 2012 when I was there. Empty high rises everywhere and more being built. The locals said they would turn on lights in some of the buildings to make them appear occupied when in reality they were empty (of course they would say it to you very discretely, privately and quietly). I stood at my hotel window and counted 85 construction cranes just within my view. Most were at high rise construction sites. This was in the major cities like Shanghai, Beijing and other large cities. Unbelievable how the developers were over building back then.The Chinese people were very worried about it. China is in trouble…they just do not want the world to know it.

        Liked by 1 person

        • Rich says:

          China is the same house of cards that Japan was in the 1970’s and we all know how that ended. Two decades of recession.
          The only difference is the incredible debt that China has allowed to explode and will continue to do as it tries to bail out it’s corporations. Good luck.
          Japan at least had access to the global banks which China maybe losing given its futile trade war with the US.
          About time a western leader addressed the lopsided trade relationship between China and the rest of the globe.

          Like

      • Paul says:

        I think it would be wise for everyone to understand crypto and digital currencies. I bet much of the departure from Hong Kong will go to these currencies.

        Like

        • Rich says:

          Given the security issues that exist with crypto’s and the hacking ability of the Chinese and Russians I would be cautious.
          Remember when hacked and funds stolen there is NO WAY to recover your stolen assets.

          Like

    • Paul says:

      XRP and Bitcoin.

      Like

  1. Ausonius says:

    The oldest story: aristocrats and anybody with means – and with enough brains – abandoned France in 1789, escaped Russia in 1917, Nazi Germany in 1932, all of Eastern Europe in 1945, China in 1948, Korea in 1949, etc.

    Whenever Socialism/Communism arises, it is time to say good-bye! Somebody should tell that to Boyny Sanduhs andhis minons.

    Liked by 8 people

  2. Elric VIII says:

    It’s difficult to sympathize with people or companies that have engaged China economically. In the back of their minds, they had to know this would eventually happen. But they have made a lot of money over the years , at the expense of free economies. As you said, the first loss is the best loss.

    Liked by 13 people

    • sarasotosfan says:

      The issue has been the nature of managements that manage their businesses quarter to quarter and reward CEO’s for doing so. They are paid handsomely to generate income today. They had complete disregard for the risks they could encounter should a Communist government not miraculously metamorphose into a Democracy.

      Liked by 3 people

    • Rhoda R says:

      This really isn’t about western businesses that have chosen to work out of Hong Kong Elric. These are people who have lived in Hong Kong for generations. That China would move in and take over has always been a threat on the horizon but now that threat is a lot closer. I’ll be that money isn’t the only thing that’s moving out of Hong Kong at this point.

      Liked by 2 people

      • Elric VIII says:

        When the British handed Hong Kong to China the handwriting was on the wall.

        Liked by 2 people

        • Rhoda R says:

          It was on the wall long before then. I remember talking to a fellow student who was from Hong Kong back in the 60s about what would happen when China took over. She wasn’t happy discussing that.

          Like

      • Esperanza says:

        To be honest, I’m surprised it’s taken this long. Maggie sold them out big time.

        Hong Kong contacts told me years ago their escape route was planned.

        Like

    • Ilcon says:

      Trump couldn’t win.

      Like

    • cali says:

      @Elric VIII: You have to factor into this that the one world order has been slowly encroaching and all was good until the 2016 election.

      “They though she would never lose”.

      President Trump is taking apart the world order the cabal and deep state has been implementing together with the elites of those who already own 99% of the worlds wealth.

      China invested heavily during that election assuring HRC to win. She would have dealt the last death blow against this republic.

      Why do you think she and CrowdStrike exposed over 20 CIA agents wiping out every one? From what I understand there were others too.

      China has also been put on blast by the South China News as they reported that Vietnam is besieged by China to slap labels and ship it into the US as a means to evade the trade issues all together.

      Like

  3. TwoLaine says:

    I remember when Britain gave up Hong Kong barely 20+ years ago. Everything seemed so promising for them back then.

    Liked by 3 people

    • Ausonius says:

      Promising?

      This totalitarian move – and others to come – were 20 years ago – and are now – completely predictable: it was simply a matter of time.

      Keep in mind that logic, even economic logic as here, where it makes no sense for China to kill its golden goose, does not always apply to Leftists. They HATE prosperity, especially capitalist prosperity, because it disproves their Socialist/Communist/Totalitarian theories about control.

      ONLY the people at the top in the Communist Party are allowed to have decent lives.

      Liked by 9 people

    • Robert Smith says:

      The changeover was never promising. China was always a dark cloud and it was a matter of time until we got here.

      Liked by 7 people

    • Milo says:

      Actually, much of the smart money fled in 1969 to Vancouver when they were able to do so as citizens of the British Empire. Many stayed and fell for Bejing’s promise of HK automony. Surprising that the Red Dragon hasn’t cracked down sooner.

      Liked by 10 people

    • Milo says:

      Actually, much of the smart money fled in 1969 to Vancouver when they were able to do so as citizens of the British Empire. Many stayed and fell for Bejing’s promise of HK automony. Surprising that the Red Dragon hasn’t cracked down sooner.

      Liked by 1 person

    • noswamp says:

      Didn’t Carter encourage that deal as well? Didn’t Carter hand over to China the Panama Canal?

      Liked by 1 person

    • The smartest, first to move, ruined Vancouver.

      Like

      • Dekester says:

        Yes and no, it is sure not the city I moved to in 1978, that said. Much of the city was struggling and very much the poor cousin to Toronto back then.

        As much as the offshore money has changed things, there is a great deal to admire about the city, and a few of the satellite towns.

        God bless PDJT

        Liked by 2 people

        • They ruined the real estate market paying 5X values. I love to visit but the workers can not afford to live there. Now that HK has gone nuclear, it will be even worse, forcing kids trying to work their way up, live in overpacked bunk houses. That is not the Canadian way. Hence the “ruined it” comment.

          Like

    • Esperanza says:

      I knew it was the end of Hong Kong. The last governor of Hong Kong was heart broken because he knew he was leaving them to the wolves. Chris Patten.

      Like

  4. jeans2nd says:

    Speaking as a purely patriotic fair-trade American, the slow unraveling of Red China’s economic system should quiet down our own budding socialists.
    Watch and learn, young communists, watch your future occur before your eyes, should you continue down this path.

    Liked by 15 people

  5. 4EDouglas says:

    China is a house of cards- they will come crashing down. It won’t be pretty…

    Liked by 7 people

  6. sarasotosfan says:

    It will end well for those who hold power, however. They will gain control of assets on the cheap before they agree to Trump’s terms (and they surely will). That giant sloshing sound will surely attract the globalists looking for a big play, but they will certainly insure themselves before taking the plunge.

    Like

    • Baby El says:

      I don’t think it will end well for the chinese in power. As a culture, they seem to have VERY LITTLE reverence and appreciation for life.

      They could tear apart all the communist overseers and leave the bits in the street and folks would just walk by as if it were just another day.

      My perception… yours may differ.

      Like

      • sarasotosfan says:

        You are talking about a power base that has the ability to kill millions of its own people, as it has a couple of times. And now with a pork shortage will likely do so again.

        Liked by 1 person

  7. FL_GUY says:

    A dictatorship is only as successful as the dictator running it. Unfortunately, smart people tend to NOT be dictators whereas stupid people……. Hence, the constant failure of “socialism” and “communism”, two terms that are simply bogus names for a tyrannical dictatorship or monarchy controlled by a small group of stupid people who control people by torture, imprisonment and death.

    President Trump has pulled the curtain back on the Panda Wiz and now everyone can see the monster that is really behind the curtain. Businesses and countries need to flee like Godzilla was after them, because in terms of destruction, Godzilla IS after them.

    It would be poetic if the CCP collapsed under President Trumps’ Administration like the USSR did under President Reagan’s.

    Liked by 10 people

  8. tonyE says:

    Well, Hong Kong has a beautiful airport. It was a nice hub.

    But, if the Chicoms are going to arrest “foreign and Chinese nationals living or travelling through the city”… you’d be nuts to use HK as a transit to Singapore. Use Japan or Korea for that from now on.

    Or, this will be a good thing for the Boeing 787 which can make the trip from the West Coast to Singapore non stop.

    Also, I suppose Singapore will win biggly. Nice place and much lower population density that HK -if you can imagine! I wonder though if the HK Chinese will learn to keep it clean, otherwise they’ll find that Singapore has its own “dragon” and he doesn’t like trash.

    Liked by 4 people

    • sunnydaze says:

      Read your comment after posting mine, below.

      Yeah, I would not be boarding a flight that makes a stopover at the HK Airport if this thing happens.

      I used to recommend people go visit HK. It was just such a fascinating city. Yeah, it started going downhill after (and even slightly *before*) the official handover, but this move would seal the deal as far as going anywhere *near* the place.

      If HK leaders accept this, it just means the seats are completely occupied by Mainland sympathizers. Cuz they’ve GOT to know this would kill HK completely on the world scene.

      Liked by 3 people

      • geoffgo says:

        What does this portend for the “gambling” empires?

        Like

        • sunnydaze says:

          Is Macau still a Gambler’s Paradise? Haven’t been there in decades and only visited once, just before it went back to PRC, I think.

          Anyway, Casino’s were king there in the 90’s. Seemed like the only business on the island.

          Like

        • Esperanza says:

          Concorde was on there 😦 Sometimes it feels like we have only gone backwards.

          Like

    • rah says:

      It wasn’t always that way. Here is a nice little compilation of approaches and landing at the infamous Kai Tac Airport that was the predecessor of the current facility.

      Liked by 3 people

      • Skippy says:

        One of the funniest yet serious plane approach videos on youtube (you must click second link). I’m too old to go through that (notably ended visuals in 1998). Ty for posting this. Brings back air travel times.

        Like

      • sunnydaze says:

        I loved Kai Tak Airport!!! Landing there was so fun! You could practically see what people were having for dinner in their apts. that nite as you flew between the high-rises, LOL!

        Yeah, the new airport was a disappointment it’s “sanity factor”, but I can **definitely** see why they needed it.

        Liked by 1 person

      • MaineCoon says:

        First time landing there was at night, during a thunderstorm. I was clinging to my window seat. Very scary. Couple more trips/landings during that time frame, but none were as frightening as that first one. Never forget it.

        Liked by 2 people

      • barnabusduke says:

        Oh…Hell NO! Uh’uh, no way, not a chance! If man was meant to fly (and all the rest…) 😉

        Liked by 1 person

      • sunnydaze says:

        Thanks for posting that vid, Rah. The comments to it are great. Both from people who flew on those flights, and the poor folks who lived under that horrific racket. (!)

        So happy I got to experience that landing dozens of times, even if- in a sane world- it never should have happened at all, not even once, haha. Good Times!

        Like

      • Esperanza says:

        I had the honour to land there, it was interesting lol. The two things I remember were the bamboo scaffolding and you could send into people’s windows. It felt like being on the Parisian aerial metro lol.

        I ADORED Hong Kong. Stayed on Kowloon.

        Like

      • Mrs. E says:

        HK looks disgusting in this video!

        Like

        • sunnydaze says:

          You have to get down into the street level to start discovering the fascinating stuff in HK…….and then you find….it’s everywhere. Great city.

          Like

    • noswamp says:

      The Chinese adapt very well. I doubt they will have problems with cleanliness in Singapore. Especially those from Hong Kong, the older ones are clean, and the younger ones are as well. The mainland Chinese might have to adjust a bit to having their kids not crap or piss on Singapore’s streets. But by far 99 percent of the Chinese that are in a position to go to Singapore already know Western culture very well.

      Like

    • LafnH20 says:

      tonyE, sez…
      “I wonder though if the HK Chinese will learn to keep it clean, otherwise they’ll find that Singapore has its own “dragon” and he doesn’t like trash.”

      Excellent point!!!

      Like

  9. Dutchman says:

    jeans2,
    SHOULD, but regretably won’t serve as an object lesson for Conmunists. They will just say CCP didn’t do it ‘right’,…but NEXT time,….!
    Nature of Conmunist ideology; if USSR, and Cuba, and Venezuela didn’t/hasn’t opened their eyes to the true horrors of Conmunism, why would the collapse of CCP run China suddenly open their eyes?

    Sad but true,….

    Liked by 12 people

    • Skippy says:

      Ask Bernie Sanders and AOC!

      Liked by 1 person

      • Baby El says:

        The louder they scream about the wonders of communism, the more impossible it becomes for them to change their position.

        They will never admit they are such complete idiots.

        Doesn’t matter the subject – communism, global extreme climate warming change emergency, abortion, Russia-Russia-Russia.

        That’s one of the reasons they rename stuff so often. Pretend it away.

        Liked by 4 people

  10. Ausonius says:

    We now have lamentable proof that the hope of some Republicans, i.e. that the taste of capitalism allowed in China would convert their still basically totalitarian, Communist government to abandon Marxism was misguided at best, and completely wrong at worst.

    As I wrote above, “logic, even economic logic as here, where it makes no sense for China to kill its golden goose, does not always apply to Leftists. They HATE prosperity, especially capitalist prosperity, because it disproves their Socialist/Communist/Totalitarian theories about control.”

    “Fairness,” Comrade, “fairness” where everyone is equally miserable, equally unhappy, is the ultimate outcome. Unless the people of Hong Kong are willing to force a door-to-door guerilla war against the millions of Chinese soldiers, this new move will lead to Hong Kong looking like East Berlin c. 1970 sooner rather than later.

    Liked by 9 people

  11. trapper says:

    Couple the extradition law with China’s social credit system. Uh oh.

    Just wait. Given Chinese communists’ totalitarian nature, and their history of murdering tens of millions of Chinese they consider undesirable or even just inconvenient (can’t feed everyone? People starving in China? Just murder 20 million Chinese and there is no longer hunger in China! Hooray?) and you know it is only a matter of time before those with bad social credit scores will not be permitted to buy food. And you know damn well that no matter what they say now, they WILL extradite people from Hong Kong to the mainland to answer for their “crimes” against society.

    Remember, China was the Third Way, the right side of history, according to the Clintons and Obama. Hell, Obama’s half brother even lives there.

    China. Same old same old.

    Liked by 10 people

  12. myrightpenguin says:

    “Secretary of State Mike Pompeo’s team needled China by urging Hong Kong not to pass a controversial extradition bill, just hours after similar comments provoked a tongue-lashing in Beijing.

    “If passed, the ordinance would permit Chinese authorities to request the extradition of individuals to mainland China, and submit such individuals to China’s capricious judicial system,” a State Department representative told the Washington Examiner Friday afternoon.”

    Liked by 5 people

    • “..submit such individuals to China’s capricious judicial system,”

      Don’t we also have a “capricious judicial system”?
      And increasing so?

      Why is Manafort in solitary?
      He wouldn’t even be in jail if not for working in the Trump campaign for a month.

      Like

  13. snellvillebob says:

    The same will happen here with the wealthy heading for the borders if Saunders or Warren win. They will first move their money out, then the jobs.

    Liked by 4 people

  14. ristvan says:

    Been to both Hong Kong and Singapore multiple times on business. Used to think Hong Kong had the advantage in re China dealings. Now clear that independent Singapore does. This gambit cannot end well for Xi.

    Liked by 9 people

  15. Tiffthis says:

    I’m in SoCal and I heard on the radio people complaining about the price of avocados 🥑 Why don’t we import them from Florida? Florida avocados are superior in my opinion

    Liked by 1 person

  16. myrightpenguin says:

    Liked by 2 people

  17. sunnydaze says:

    …..”The extradition bill, which will cover Hong Kong residents and foreign and Chinese nationals living or travelling through the city,”…….

    Someone please correct me if I’m wrong, but does this sounds like even a tourist from anywhere in the world travelling thru HK could be shipped off to China if they broke a law, or were accused of doing so?

    Cuz if that’s the case, a person would have to be nuts to travel to HK- or even be on a plane making a stopover landing at the HK Airport.

    And I say that as someone who lists HK as one of my favorite big cities in the world.

    Liked by 6 people

    • Matthew LeBlanc says:

      That’s exactly what it means. It says foreign right in it. Anyone from China or foreign to it will be extradited to China if the commies demand it.

      Liked by 5 people

    • Rhoda R says:

      An easy way for China to get foreign hostages. Just accuse someone of some crime – don’t even need a trial.

      Like

  18. simicharmed says:

    Wow…look at those tanks and troops! WE (the USA), are being INVADED and our troops are elsewhere (apparently)…

    Maybe Make a Deal…with China. I’m sadly stating this but…..

    They can put those/their (tanks and troops), on our southern border and REPEL THE INVASION!

    Like

  19. 335blues says:

    Xi begins to look like Mao, Hitler, Stalin, maybe even Pol Pot.
    How many Uighurs are facing Xi’s final solution in the concentration camps few people are talking about?
    How many Hong Kong citizens will be Tiananmened?
    When will the world wake up and recognize Xi for the ‘democratic’ dictator that he is?

    Liked by 2 people

    • Rhoda R says:

      Most of the world’s leadership doesn’t give a hoot what China’s leaders are like – they just want cheap products from them.

      Like

  20. Howard Richman says:

    The rich Chinese know what is coming. They remember the Great Leap Forward and the Cultural Revolution. They want to get out before their they and their families are again subject to reeducation camps,

    China’s capitalist period will turn out to be an interlude, just like the Soviet Union’s capitalist period (called the New Economic Plan). For more on this, read this article that William F. Jasper wrote in 2006:

    https://www.thenewamerican.com/world-news/asia/item/16481-has-china-really-gone-capitalist

    Liked by 2 people

  21. Ausonius says:

    “How many divisions does the pope have?” – J. Stalin

    The present pope is worthless, as are any deals with Communists. Here is an example:

    “A heroic bishop of the underground Catholic Church in China has died under house arrest and will not be permitted a Catholic burial.

    Asia News reported that Bishop Stefano Li Side, the legitimate ordinary of Tianjin, died June 8 after a long illness. He was 92 and had been living under house arrest since 1992. Because Li never joined the schismatic so-called Chinese Catholic Patriotic Association, the state-backed religious authorities will not permit his body to be buried in a Catholic cemetery.

    So far, it is unclear whether the late bishop will have a public funeral. According to Asia News, the underground Catholics of Tianjin have been negotiating with the local government for a funeral ceremony….

    Steven Mosher, author of Bully of Asia, also underscored that the agreement between the Holy See and the Chinese government has not helped Catholics in China.

    “Anyone who thinks that conditions for Catholics have improved following the signing of the secret Sino-Vatican Agreement has only to reflect on the disrespectful way that Communist officials, including representatives of the Patriotic Church, treated the good bishop,” Mosher told LifeSiteNews via email.

    “They seemed almost more afraid of him in death than they were in life,” he continued.”

    See:

    https://www.lifesitenews.com/news/faithful-chinese-bishop-died-under-house-arrest-denied-a-catholic-burial?fbclid=IwAR1eDh9OA4dh5_sA6s6q2xsaWBdCHWdUa4a_l5fqg-9qNDdi9jkqDh4LpoY

    I Miss John Wayne…and John Paul II !!!

    Liked by 1 person

  22. Query says:

    I always wondered way back when, what happens when the US underclasses discover big time State socialism? When you have a voting majority you can vote yourself other people’s work product and saved wealth. What exactly do we think the mass 3rd world influx of 1 million + a year are going to do when they start voting in the future.
    Hong Kong? Who cares. The huge problems are much closer.

    Liked by 6 people

  23. CoachTed says:

    I was living in Melbourne (AUS) as the British handoff of HK was ticking down. For months the real estate sections had ads that would typically read “looking for multiple houses in Toorak for Hong Kong family relocation. Pay in cash”. Toorak is one of the priciest areas if the city. There were a lot if transactions…and a lot of Asian surnames as buyers. It was eye opening.
    I’ve been watching the housing prices there rocket for years. Most r/e sales are by auction in Australia, I can only imagine what the prices and crowds are going to be like with this going on….going for a visit this summer, maybe I’ll attemd some auctions to keep myself amused.

    Liked by 4 people

  24. Ilcon says:

    What is Mary going to do? She didn’t listen.

    Like

  25. Bogeyfree says:

    President Trump sure does have this uncanny ability to bring out a person’s or entity’s true colors.

    Examples:

    1) Our government agencies are honorable and double standards towards the rule of law don’t exist

    2) our trade deals have been fair and win win for America

    3) Socialism is good

    4) New World Order is Good

    5) there is no harm in allowing illegal immigrants into our country

    6) Globalists want what is best for Americans

    7) We don’t need manufacturing here in this country

    8) American would prefer to pay more in taxes

    9) Americans are OK with giving up their company healthcare plans and doctors

    Amazing how PT has educated real Americans to the truth.

    Liked by 5 people

  26. Executions soon to follow.

    Liked by 1 person

  27. Skippy says:

    Just wish to add, it was former President Obama who said (paraphrasing) in like 2012 or 2015 that American’s didn’t even know their geography. I’ve made a loser of that statement before ever since. So easy to study up and know (not that I was deliquent on world geography) just always disliked Obama’s hubris.

    Like

  28. noswamp says:

    If I had Hong Kong real estate, I would start selling as of today. Best be liquid in uncertain times. And get your money out of the country. New Zealand and Austrailia and Singapore all want your money.

    Like

  29. A2 says:

    Not over by a long shot.
    6,000 mothers (& others) gather in Chater Garden dressed in black & calling on Carrie Lam &
    HK police force
    : Don’t shoot our kids! 44,000 mothers have signed petition criticizing Lam for comparing herself to a mother who must say no to a spoiled child (#HK)

    https://hk.news.appledaily.com/local/realtime/article/20190614/59717026

    LegCo has closed down, cancelled meetings on Monday &Tuesday, CE Carrie Lam hiding, former HK officials many of whom are pro-Beijing calling for suspension, and Vice Premier Han Zheng also rumoured to be in Shenzhen to monitor situation.

    Like

  30. Bruce_Dern's_Finger says:

    The Capitalist-in-a-Communist-country honeymoon is over.
    So predictable.

    Liked by 1 person

  31. A2 says:

    Singtao is reporting that Carrie Lam will announce the suspension of the Extradition law today, and restart consultation. It says Han Zheng from Central HK & Macao Affairs Coordination Unit met her in Shenzhen, and she’ll meet pro-Beijing lawmakers today. No confirmation yet.

    http://std.stheadline.com/daily/article/detail/2019464-港聞-政府高層深夜急召會議+林鄭料今宣布暫緩修例

    Like

  32. A2 says:

    Twenty-seven former Hong Kong government officials and politicians have signed a joint appeal to the government to withdraw plans to amend extradition laws, days after clashes broke out over the controversial bill.

    The group on Friday called on pro-establishment legislators who hold the majority in the Legislative Council to vote against the bill while urging members of the governing team to tell Chief Executive Carrie Lam to yield to public opinion … and resign if their advice is ignored

    “We love Hong Kong and have served Hong Kong for many years,” their statement read. “A deeply divided society, serious concerns of the international community – are these the sacrifices to be made to satisfy the will of the Chief Executive? What great public interest is supposed to be served by the hurried passage of this Bill? Where will this escalation of… force [by police] to suppress protest lead Hong Kong?”

    https://www.hongkongfp.com/2019/06/14/deeply-divided-society-22-former-hong-kong-officials-politicians-urge-hong-kong-govt-drop-extradition-bill/

    Like

    • EV22 says:

      A2 – I don’t know what your opinion is of Asia Times, but their reporting is not so optimistic:

      “A couple of executive councilors, changing their stances, said stepping back could be one of the options to ease the tensions in society.

      “Ronnie Tong Ka-wah said the government should consider various feasible plans now. He did not rule out the possibility of deferring the legislation so the government could have time to relaunch the consultation. However, he suggested that this would not be the best way to solve the problem, as the government could not drag out the legislation too long.

      “Fanny Law Fan Chiu-fun, another ExCo member, said she will support any decision by Chief Executive Carrie Lam Cheng Yuet-ngor to arrange more time for discussion over the bill, but she insisted that her baseline stance is not to retract it.

      “Lam Ching-choi, also the chairman of the Elderly Commission, said the government would consider every option.

      “New People’s Party chairwoman Regina Ip Lau Suk-yee said she had not heard anything about the government’s plan to retract the bill. The first thing the government should do is ensure all lawmakers start the meeting safely and debate the bill amendments in an orderly manner, Ip said.

      “She insisted that the legislation should keep moving because any action suggesting shelving of the bill would be tantamount to retraction.”

      https://www.asiatimes.com/2019/06/article/top-hk-advisors-soften-stances-over-extradition-bill/

      Like

      • A2 says:

        That article was from yesterday and most quoted are rabid proBeijing types (Regina Ip is notorious for trying to pass Article 23, that brought protesters out and it had to be shelved. she’s a dunce). The letter signed by 27 former lawmakers is on the record now.

        But we shall see. The rumours in the local press are all saying an announcement will be made.

        Other than that the Asia Times usually does good reporting.

        Like

    • EV22 says:

      A2 – my comment seems to have gotten lost, but I posted excerpts from an article in the Asia Times, and their take seems more pessimistic:

      https://www.asiatimes.com/2019/06/article/top-hk-advisors-soften-stances-over-extradition-bill/

      Like

    • sunnydaze says:

      Well, this is hopeful. Thanks for posting. Maybe HK has caught a bit of the Freedom/Autonomy Spirit that’s been going around the world since MAGA began and Trump came on the stage.

      C’mon, HK Leaders, you can do this!

      Like

  33. A2 says:

    陶然笔记 (Taoran notes) is an obscure social media account used by Beijing to signal the leadership’s thinking and manage domestic opinions and seems to be affiliated with the Economic Daily. they have a new post up. I have translated it and will post later. It’s heavy handed so may edit it. It is all about the trade negotiations.

    Also, Zheng Zeguang, Vice Minister of Foreign Affairs has come to DC, so maybe a sign that there will be a Potus/ Xi meeting at the G20.

    Liked by 2 people

  34. rayvandune says:

    Where do you think the people will get the idea of voting to themselves the results of the work of “the rich”? Ever heard the expression “the media is the enemy of the people”?

    Like

  35. rayvandune says:

    Where do you think the people will get the idea of voting to themselves the results of the work of “the rich”? Ever heard the expression “the media is the enemy of the people”?

    Like

  36. Query says:

    Perhaps this can have secondary effects attractive to the Chinese politburo.
    Crack down hard, get the people who don’t comply to flee, like boat people, Australia looks a good target, increases the Chinese diaspora in the West…..because the universal characteristic of emigre Chinese is even if they oppose the Chinese govt they are still always first loyal to China, in my extensive experience.

    Liked by 2 people

    • GB Bari says:

      That last part of your post is exactly what people in corporate security were taught (unofficially and off the record) by veterans in DSS (Defense Security Service) for years right up until my close friend retired. No patriots in corporate security ever trusted Chinese naturalized Americans much less Chinese visitors on work or study visas. On the surface it sounds racist but those attitudes resulted from lots of empirical evidence. Too many anecdotes about both attempted and successful corporate espionage and IP theft. Yet too often they (DSS) find defense industry employers who allowed such people to gain access to sensitive technologies.

      Liked by 2 people

    • A2 says:

      This is making the rounds.(sorry no subtitles)

      “Professor Xu Yan, a professor of the Department of Strategic Studies at the National Defense University of China, said: The social foundation of Hong Kong is the worst in China and worse than Taiwan. One-third of Hong Kong residents are Aboriginal people who receive Hong Kong-UK education. One-third is those who fled in 1949. It was swept away by the Communist Party’s liquidation struggle in 1950 (the worst, hatred of the Communist Party); one third was the three-year disaster famine”
      And it goes on.

      Liked by 1 person

  37. Ezgoer says:

    If the Democrats retake the WH in 2020 they will reverse Trump’s policies and China will have won. The USA will be on the fast track to become France and China will be the preeminent power within 15 years. Done in by our own stupidity. and complacency.

    Like

  38. On another note, I am hearing of some very disturbing hacks of safety and control systems of US plants recently. Some of these would allow disabling safety controls which could have quite serious consequences.

    No definitive proof that this comes from Chinese but given the ruthless stage of negotiations between US/China and side deals with NoKo–well, would not be surprised if some cyber attacks occur as part of ongoing “competition” between US/China.

    Don’t think Iran has the wherewithal right now to pull this off (guess the Russians could do it….but my money would be on China).

    Like

  39. A2 says:

    Rumours are firming up after the Singtao Daily article:

    “Hong Kong Chief Executive Carrie Lam is expected to announce on Saturday that the controversial extradition bill will be paused or suspended.

    Pro-Beijing paper Sing Tao Daily reported that Chinese Vice Premier Han Zheng met Lam in Shenzhen on Friday evening. Lam then had a cabinet meeting with her top officials at 10:30pm, lasting until midnight.

    Lam will meet pro-Beijing legislators at Government House at noon, and will make a public announcement in the afternoon, TVB reports.

    All papers stated that the bill would not be “withdrawn,” but only “paused” or “suspended.” On Saturday, Lam also met with individual Executive Council members.“

    Rolling coverage at below site.

    Seems like an hiatus only. People are not fooled by this. However, maybe just an exit ramp. China, I suspect , will keep it in their vest pocket as a negotiating tool at the G20. I only say this as I have read the Taoran Notes. Will post later.

    So if it happens it will be around 2 am your time. So I will put it on the Presidential thread.

    https://www.hongkongfp.com/2019/06/15/just-hong-kong-leader-carrie-lam-pause-controversial-extradition-bill-reports/

    Liked by 1 person

  40. omyword says:

    How about a nice game of ping pong. 😉

    Like

  41. grahampink says:

    Even so, I don’t think the Chicoms are prepared to destroy the world in a zero-sum deathmatch with the West.
    I do think they’ll be fine with starving to death 100s of million Chinese though.

    Like

  42. TeeJay says:

    What strikes me in the first picture is that all of the soldiers are the exact same height. Weird – What are they, all clones or something?

    Like

  43. namberak says:

    “The first loss is the best loss.” Sounds like one of the Frenegi Rules of Acquisition. But I’m sure it’s the viewpoint of those attempting to extricate themselves while they can.

    Like

  44. k4jjj says:

    Yeah, China would not be fair with those being extradited from Hong Kong to China for trial like the USA will be fair to Julian Assange extradited to the USA for trial.

    Like

    • Query says:

      Assange trial is going to be fascinating.
      If he didn’t hack or pay or steal it, but received info and published, that’s already established as 1st Amend protected for publishers going back to the Pentagon Papers, even if it was classified.
      I could be wrong…..

      Liked by 1 person

  45. mr.piddles says:

    “Thus begins the phase when corporate interests, particularly multinationals, recognize at its core China is a communist state-run, controlled-market, system.”

    They’ve always know this, though. They’ve just ignored that reality for the sake of Gittin’ While The Gittin’s Good.

    What happened to the South Africa style Corporate Boycotts as China engages in such outrageous Human Rights abuses as interning 1,000,000 Muslims? What does Tim Cook have to say about that? How about Sundar Pichai? Mark Zuckerberg? Do they care? Does it come up in Board Room discussions? Do they grapple with it over Ahi Nigiri?

    Answer: Chinese folks are better at soldering tiny little chips onto tiny little circuit boards than their South African counterparts.

    Like

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