Thought for the day

"The Elderly are useless eaters." -- Henry Kissinger, Quoted in the book "The Final Days".

Chinese police clash with thousands protesting draconian COVID lockdowns as unprecedented civil unrest grips country - after ten died in fire when building doors were locked to stop virus spread MikeRivero Sun, 11/27/2022 - 08:19

Chinese police have clashed with thousands protesting the country's draconian COVID lockdowns - as unprecedented civil unrest gripped the nation.

Demonstrations erupted in at least seven cities - including Shanghai, Nanjing and Guangzhou - with violence breaking out between local cops and furious protesters.

The largest demonstration appeared in Shanghai - home to 26million residents - with many boldly demanding President Xi Jinping resign.

While the rest of the world is cutting back on coal production and shutting down coal-fired power plants, China is going full-steam ahead, doing quite the opposite.  The increase in China’s coal production in 2022 will be nearly three times more than the largest European producers in a year.

If the world thought China peaked in coal production a decade ago, think again.  China’s coal production reached a high of almost 4 billion tons in 2013, declined to a low in 2016, then rebounded, and is estimated to reach a new all-time high in 2022.

Once upon a time, the Soviets had a tightly controlled network of internationalists known as the COMINTERN to promote their communist model to Europe and beyond.

As it stands now, the Red Chinese have gone them one better: They've got Klaus Schwab.

NATO FMs to conspire against China as threat to the internationalorder MikeRivero Sat, 11/26/2022 - 07:18

U.S. and other western leaders next week will examine ways to reduce allied dependency on China…NATO’s top official said Friday.

“The war in Ukraine has demonstrated our dangerous dependency on Russian gas,” NATO Secretary-General Jens Stoltenberg told reporters Friday at allied headquarters in Brussels. “So we must assess our dependencies on other authoritarian regimes, not least China.”

The focus on China during a meeting of foreign ministers Nov. 29-30 in Bucharest….

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China is ready to expand practical cooperation with Cuba and strengthen coordination on global and regional issues, Chinese President Xi Jinping said on Friday during a meeting with his Cuban counterpart Miguel Diaz-Canel.

"China is ready to cooperate with Cuba to deepen mutual political trust, expand practical cooperation, strengthen mutual support on issues of interest to both sides, and is ready to strengthen coordination on global and regional issues," China Central Television quoted the Chinese president as saying.

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IMF official tells China to drop 'zero-COVID' strategy to save its economy MikeRivero Fri, 11/25/2022 - 07:18

China needs a "recalibration" of its zero-COVID strategy in order to bring the world's second-largest economy back on track, as the Yuan plummets and threat of a recession looms, one senior official with the International Monetary Fund (IMF) urged Wednesday.

Concerns over a global recession increased following reports last month that China’s goal of hitting 5.5% GDP growth in 2022 was far from attainable and would likely top at 3.2%, with some suggesting it could be as low as 2.8% – a drop from 8.1% GDP growth in 2021.

 China on Thursday reported a record number of daily Covid infections, as a nationwide surge in cases heaps pressure on the country’s increasingly unpopular zero-tolerance approach to the virus.

The National Health Commission (NHC) recorded 31,444 locally transmitted cases on Wednesday – surpassing the previous peak of 29,317 recorded April 13 during Shanghai’s months-long lockdown.

Beijing Is Back In Lockdown, Expect Turmoil MikeRivero Fri, 11/25/2022 - 06:21

This morning I wanted to share some thoughts from my friend, former sell side analyst Anton Wahlman.

He wrote me this morning making note of news I had already seen earlier today. Namely, that Beijing, the most prominent and well-known Chinese city with a population of 22 million, was going back into Covid lockdown.

“CGTN, a Chinese state-run news channel has just announced Beijing and other cities are going back into lockdown. Schools, restaurants, gyms and other facilities closed this week to stop the Omicron variant,” he wrote me.

US Military Set to Return to Subic Bay, Philippines to Counter China MikeRivero Fri, 11/25/2022 - 06:15

The US will likely return to Subic Bay, Philippines, 30 years after closing what was once the largest US military base in Asia, Kyodo News reported on Thursday.

Old-fashioned socialist and founder of the World Economic Forum (WEF) Klaus Schwab, sat down with CGTN’s Tian Wei during the APEC CEO Summit in Thailand.

During the course of their discussion, Schwab was questioned about whether or not the leaders of the world were able to reach an agreement in order to forward their globalist agenda.

“Among the G20, you were there meeting some of the leaders as well. Professor Schwab, what do you make up the result? Finally, they put something as a statement, and it seems quite positive with all the voices included,” Wei said.