Two important regulatory developments are converging in the United States and the United Kingdom at the same time for the ill-fated COVID-19 investigational vaccines. In America, the Centers for Disease Control has logged more grim milestones as of June 4, 2021, with...
The Rise of the Chinese Colossus
The rise of modern China and the prosperity of hundreds of millions of Chinese are totally indebted to a diminutive man who rose from the ranks and was demoted and exiled by Mao because of their differences in economic matters.
Nonetheless, following Mao’s death in September 1976, Deng outmaneuvered the late chairman’s chosen successor Hua Guofeng and became the de facto leader of China in December 1978.
Having inherited a country beset with extreme poverty, deep social conflict, with general disenchantment with Communism and institutional disorder resulting from the chaotic political movements of the Mao era, Deng started his own revolutionary theory and program, reversing most of the Cultural Revolution policies, which started bringing the country back to order by the early 1980s.
Deng Xiaoping Theory argues that upholding Mao Zedong Thought does not mean blindly imitating Mao’s actions without deviation. His theory is a product of the integration of the basic theory of Marxism-Leninism with the practice of modern China, and the characteristics of the present era, and the development of new historical conditions.
He implemented a new stage of the development of Marxism in China, ‘Marxism of modern China’ and the crystallization of the collective wisdom of the CPC, guiding the cause of China’s socialist modernization steadily forward.
Deng’s policies gradually led China away from the disastrous Maoist planned economies and rigid ideologies by opening China up to foreign investment and technology and introducing its vast and cheap labor force to the global market.
The genius of his reforms is credited with developing China into one of the fastest-growing economies globally for several generations and raising the standard of living of a fourth of humanity.
Ironically, the country that helped the rise of China as an economic and industrial powerhouse, was and continues to be the USA, whose major companies invested hundreds of billions of dollars creating the factories, the infrastructure, and the technologies for their outstanding success. Over the last 60 years, Americans purchased trillions of dollars worth of Chinese products.
Deng was the Time Person of the Year for 1978 and 1985. In the 1990s, Deng was criticized for ordering the crackdown on the 1989 Tiananmen Square protests that led to the massacre of thousands of demonstrators.
Throughout his leadership, Deng was renowned for his pragmatism and support of a market economy and was often compared to contemporary leaders such as Margaret Thatcher and Ronald Reagan. He was eventually characterized as the architect of a new brand of thinking combining socialist ideology with free enterprise dubbed “Socialism with Chinese Characteristics.”
This ideology, now known as Deng Xiaoping Theory, was ultimately incorporated into the party’s constitution in 1997 and remained the guiding principle of Chinese policy to this day.
Today, China has the largest middle class in its history and in the history of the world, and this prosperity is increasing. Its middle class is greater than the US population and is expected to reach 550,000,000 in the next two years.
Such a middle class has the most enormous economic and political power imaginable since, at the behest of the Party, they can destroy any foreign trading company by declaring it ‘enemy of the People’ such as recently happened with Nike siding with Uyghurs of China.
In fact, no company (especially American) can be political or in any way, shape, or form against the Chinese leadership if it wants to continue business in China. All the major American companies such as Bloomberg, NBA, Walmart, McDonald, etc., are extremely vulnerable to coercion and blackmail by the Party.
The insidious but patient Chinese leader Xi Jao Ping – who ironically is using the West’s capitalist free market trading to overtake the West – looks at the current Western democracies with contempt, because most of them are – from China’s point of view – undergoing a downward spiral of moral, spiritual and unpatriotic decline.
They know the West is more concerned with ‘freedoms’, transgenderism, LGBT, abortion, sexism, feminism, ethnic, social, educational, and racial internal conflicts, that the Chinese would neither allow nor tolerate.
This was exactly why Deng Hsiao Ping ordered the slaughter of demonstrators in Tiananmen Square in 1989; to save the Communist Party from collapsing. He had no intention of following in the footsteps of Russia’s Gorbachev, which eventually led to the disintegration of the Soviet Union.
They watch American media more intensely and with more sagacity than most Americans are capable of. They are not fooled when Biden fell three times up Air force I which was allegedly caused by gusts of wind.
The Chinese were not only on the defensive while Trump was president but also cautious with their military aggression. Trump haters allege that the reason was that Trump was unpredictable, which of course is the absolute opposite because when he put a Red Line, and it was crossed, he acted.
Not anymore, because if a mere gust of wind can topple Biden, how is he going to stand up to their military? After all, they too have psychiatrists, body language analysts, etc., to examine every single frame they are watching.
The Chinese leaders – especially with a Democrat president – have cynical disrespect for American moralizing since they know very well that behind all the accusations, finger-pointing, and lecturing exhibited by Americans against their regime, they, the Chinese, can and do buy them off with dollars.
The recent contentious meeting in Anchorage, Alaska, between Secretary of State Antony Blinken and the Chinese foreign minister, showed an incredible degree of contempt the Chinese treated Blinken with, proving conclusively how erroneous Biden and the Democrats’ assessments are regarding ‘friendly’ China.
Ironically, the Chinese representative used the sickening mantra of the Democrats themselves, that America and Americans are systemically racist, against Antony Blinken’s accusations of genocide against the Muslim Uyghurs.
China has already taken over the governance of Hong Kong without a single nation lending the victims any help.
In a matter of weeks, they will conclude that Biden is a scarecrow who does not have the spine to confront them. They will pay much more attention to taking over Taiwan.
This will not necessarily be by a formal invasion which will mean a serious war. It will be done piecemeal, starting with blockading air and sea traffic to the island and daring anyone to cross their red lines as they have been doing recently without a whimper from Biden.
No matter what declarations the USA is making, the Chinese are probably and correctly concluding that Biden’s administration will not dare have a war with China over Taiwan since the logistics from China to Taiwan are incredibly shorter than those from the USA.
Furthermore, the Chinese intend to make the Yuan the dominant world currency replacing the US Dollar.
The Chinese regime has been a major beneficiary of low-interest rate policies adopted by Western economies as they rushed to stem the economic fallout from the pandemic. According to Bloomberg, “foreign investors have bought up China’s higher-yield bonds, pumping $135 billion into Chinese bonds in the 12 months ended Sept. 30, 2020”.
Adding “that global economic theory states, that investors – credit concerns aside – would naturally divert funds away from low-interest rate economies (the U.S. for example) to high-interest rate economies (China for example). And to purchase Chinese bonds denominated in yuan, the investor would be required to sell dollars (currency of the low-interest rate economy) and purchase yuan in order to purchase the yuan bonds.”
This action, in theory, would increase the value of the yuan and devalue the dollar.
If the Chinese yuan (or renminbi) achieves global hegemony, Beijing will be in a position to print money to dilute the value of yuan held by the world’s population—thus transferring wealth to China.
As Americans are reading this article, China is implementing every statement I am bringing to their attention.
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