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The Philippines’ outspoken president Rodrigo Duterte got a glimpse of the true snarling, belligerent Chinese dragon hiding behind the cheerful, globalist Panda facade earlier this week, when in response to a claim that his country was prepared to drill for oil in a disputed part of the South China Sea, China’s president Xi told him matter-of-factly that in that case he should prepare for war.
China has successfully mined flammable ice at sea after nearly two decades of research work.
The flammable ice was discovered in the South China Sea in 2007.
According to Chinese state run Xinhua, one cubic metre of combustible ice is equal to 164 cubic metres of natural regular gas.
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H/t reader squodgy:
“Looks like it really is just another disinformation CIA psyop.
North Korea is no threat.
China is still loyal to North Koreans.
America, as ever, is the rat in the nest.”
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Representatives from the Kushner family descended upon the Ritz Carlton in Beijing to pitch wealthy Chinese the EB-5 visa program aka crony capitalism.
Nicole Kushner, Jared’s sister, was alleged to be in attendance.
The pitch was “Invest early, and you will invest under the old rules,” according to the Washington Post.
The event, which was closed to foreign press, was hosted by the Chinese company Qiaowai — who is working on behalf of the Kushner family for one of their projects in New Jersey.
When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.
– Frédéric Bastiat
I’ve written about the EB-5 visa program previously, something I consider a total racket that allows wealthy foreigners to buy their way into U.S. residency while funding real estate catering to, you guessed it, wealthy Americans. It’s more or less a system by which really rich people abuse a government program simply to help out other really rich people. What a country.
This wasn’t always the case. In fact the EB-5 visa program was originally meant to connect wealthy foreigns with projects to help the less fortunate here at home. Naturally, the entire thing has been completely corrupted.
By Paul Craig Roberts
The North Korean “crisis” is a Washington orchestration. North Korea was last at war 1950-53. N. Korea has not attacked or invaded anyone in 64 years. N. Korea lacks the military strength to attack any country, such as South Korea and Japan, that is protected by the US. Moreover, China would not permit N. Korea to start a war.
So what is the demonization of N. Korea by the presstitutes and Trump administration about?
A leading Chinese human rights lawyer has been put on trial for allegedly conspiring to overthrow China’s political system, just days after the United Nations slammed Beijing’s ongoing offensive against human rights defenders.
H/t reader kevin a.
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China’s credit system expanded “too recklessly and too quickly,” and “it’s beginning to unravel,” warns Hayman Capital’s Kyle Bass.
Crucially, Bass notes that ballooning assets in Chinese wealth management products are another sign of a looming credit crisis in the nation.
“Some of the longer-term assets aren’t doing very well,” Bass said on Bloomberg TV from the annual Milken Institute Global Conference in Beverly Hills, California. “As soon as liabilities have problems – meaning the depositors decide to not roll their holdings – all hell breaks loose.”
Earlier this morning we reported that according to Korea Times, China had allegedly sent North Korea what amount to a final warning over its military provocations. The rumor cited the May issue of Hong Kong monthly news outlet Dong Xiang. It said a Chinese Ministry of Foreign Affairs junior minister invited Park Myung-ho, an official of North Korea, for a meeting. China’s Foreign Minister Wang Yi attended the meeting and asked his junior to read aloud the warning to the North over the nuclear test. The memorandum mentioned that China will condemn strongly, pull back on all economic cooperation and even blockade North Korea if it conducted the test.
It didn’t take Korea long to respond…