Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: China

Is Trump Pulling a Pruitt – Putting an Anti-Ex-Im Exec in Charge of the Bank?

This article was published by The McAlvany Intelligence Advisor on Monday, April 17, 2017:

English: Export-Import Bank of the United Stat...

Many were surprised when President Trump named the EPA’s fiercest enemy – Oklahoma Attorney General Scott Pruitt – to head up the agency. For years Pruitt has raged against the agency for overstepping its bounds and writing rules, mandates, and regulations that negatively impacted the fossil fuel industry. He sued the agency more than a dozen times in the last eight years.

What was Trump thinking?

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U.S. Trade Gap With China Narrowed in January and February

This article appeared online at TheNewAmerican.com on Thursday, April 6, 2017:

Xi Jinping 习近平

Xi Jinping, the Chinese communist dictator

When the Wall Street Journal reported that, according to the U.S. Department of Commerce, America’s “trade gap” shrank in January and February, it intoned that while this was allegedly good news, over the last 10 years it’s been bad news: the trade gap “remains far higher than a decade ago.” The Journal called it a “mixed trade outlook” that bodes ill for the upcoming talks between U.S. President Donald Trump and China’s communist leader, Xi Jinping.

Josh Mitchell, writing for the Journal, tried to explain why this was bad:

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Wall Street Facing Headwinds as Boomers Forced to Liquidate Their IRAs, 401Ks

This article appeared online at TheNewAmerican.com on Tuesday, March 28, 2017:

New York Stock Exchange on Wall Street in New ...

Under the law those reaching age 70 and a half must start taking their “required minimum distributions” (RMDs) from their various tax-deferred accounts. These include IRAs, 401Ks, profit-sharing plans, and SEPs. The trouble is that there are so many of them, and they control so many assets, that their RMDs are going to put enormous pressure on the stock market, according to Chris Hamilton, writing at his Econimica blog.

The Baby Boom population cohort is nearly 80 million people, and those born in 1946 are now 71, with millions following right behind. The top one percent own or control about one-third of that cohort’s assets, while the top 10 percent own more than two-thirds, according to the Congressional Budget Office.

The real question, according to Hamilton, is this:

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Crude Oil Shortage in Three Years?

This article appeared online at TheNewAmerican.com on Tuesday, March 7, 2017:

Worldwide demand for crude oil will exceed 100 million barrels per day (mbd) in two years, and exceed global supplies in three, according to the Paris-based intergovernmental group International Energy Agency (IEA). In its latest five-year forecast, Oil 2017, the agency says that demand growth will come primarily from developing countries such as India, while demand growth elsewhere, such as the United States, will be tepid at best. The only way the coming shortage can be overcome, said Dr. Fatih Birol, IEA’s executive director, is for massive new investments in exploration, discovery, and production to be made immediately:

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Coal Making a Comeback, Thanks to Trump

This article appeared online at TheNewAmerican.com on Friday, March 3, 2017:

English: Powell Valley, as viewed from Benges ...

Powell Valley, as viewed from Benges Gap in Wise County, Virginia.

The coal comeback in Appalachia appears to be significant, according to Fox News’ Johnny Giles, following interviews with miners in Wise County, Virginia, the very heart of Appalachian coal country. He observed, “The past month has seen a resurgence of the coal industry that once formed the backbone of the region’s economy, and locals credit President Trump’s aggressive, pro-energy agenda.”

Early in his campaign, Trump made a promise that some wrote off as campaign rhetoric. Now 40-plus days into his administration, it’s clear that he intends to keep, as far as we can tell, many of those promises. He stated:

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Apple Supplier Foxconn Negotiating $7 Billion Plant in Pennsylvania

This article appeared online at TheNewAmerican.com on Monday, January 23, 2017:

Speaking at a meeting at company headquarters in Taiwan on Sunday, Foxconn CEO Terry Gou (shown, on left) expanded on his company’s plans to build a $7 billion flat-panel display facility in Pennsylvania. He said the factory could employ between 30,000 and 50,000 people, depending on what kind of deal he could strike with state officials.

Those plans were inadvertently disclosed following a meeting in December between Donald Trump and Softbank CEO Masayoshi Son. A photo revealed a clipboard Son was carrying that clearly said:

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Trump Meets With Ma: One Million U.S. Jobs Over Five Years?

This article appeared online at TheNewAmerican.com on Monday, January 9, 2017:

Jack Ma, Founder of Alibaba Group

Jack Ma, Founder of Alibaba Group

Monday morning’s meeting between President-elect Donald Trump and Alibaba Executive Chairman Jack Ma, said to be China’s second-richest man, is the latest likely to generate more U.S. jobs. Following on the heels of a meeting in December with Masayoshi Son, the founder of venture capital firm Softbank, Trump continues his quest to bring new jobs to the United States. That meeting with Son ended with the announcement that Softbank would be creating 50,000 new jobs in the United States by 2018.

The details of Monday’s meeting are unclear, but the potential is enormous.

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Washington Post Corrects Story of Russian Hack of Vermont Utility

This article appeared online at TheNewAmerican.com on Monday, January 2, 2016:  

Assuming that the story was true — that Russian hackers had gained access to a Vermont utility’s software — members of the mainstream media piped its echoes across the Internet:

ABC News: Russian Hacking Malware Found on Vermont Utility Computer

 

International Business Times: Vermont Electric Grid Targeted by Russian Hackers

 

Chicago Tribune: Russian hack of Vermont utility shows risk to power grid

Each of these stories is now between one and two days old, with no follow-up once the Washington Post edited its original article:

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Trump Names ExxonMobil Chief Rex Tillerson Secretary of State

This article appeared online at TheNewAmerican.com on Tuesday, December 13, 2016:  

Rex Tillerson, chairman and chief executive of...

Rex Tillerson, chairman and chief executive officer of Exxon Mobile.

On Tuesday President-elect Donald Trump named ExxonMobil CEO Rex Tillerson (shown) to the top spot in his Cabinet, secretary of state, calling him “among the most accomplished business leaders and international deal makers in the world.”

Trump had high praise for Tillerson’s accomplishments, stating:

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Trump Picks Elaine Chao for Transportation Secretary

This article appeared online at TheNewAmerican.com on Wednesday, November 30, 2016:  

Labor Secretary Elaine Chao.

President-elect Donald Trump picked Elaine Chao shown) for secretary of the U.S. Department of Transportation on Tuesday, raising concerns about her connections with the Republican establishment as well as China. Some of those concerns are balanced by her affiliations with pro-freedom and pro-free market organizations.

If confirmed, she will face a host of issues,

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Investors Remember Black Monday 1987: Dow Loses 22 Percent

This article appeared online at TheNewAmerican.com on Wednesday, October 19, 2016:  

Wednesday is the 29th anniversary of the largest percentage sell-off of stocks in the history of Wall Street, including the sell-off that triggered the Great Depression on October 28, 1929. On that day in 1929, the Dow dropped 13 percent. In 1987, it dropped 22 percent.

Concerns abound about whether a repeat is likely to take place this month.

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China’s Third-quarter GDP Numbers Draw Skepticism

This article appeared online at TheNewAmerican.com on Wednesday, October 19, 2016: 

National emblem of the People's Republic of China

Last Sunday the Wall Street Journal said it expected China’s third-quarter GDP numbers, to be released on Wednesday, “to show the [Chinese] economy grew by at least 6.7%, on pace with the first and second quarters.” Lo and behold, when those numbers were released by Chinese officials on Wednesday, they were exactly 6.7 percent, which were exactly the same as in the first and second quarters. That is the first time since 1992 that any country’s economy grew at exactly the same rate for three consecutive quarters.

This didn’t matter to much of the national media, which reported the numbers as legitimate and then added commentary and color to bolster their reports. For example,

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Tennessee Representative Calls for “Public Corruption” Investigation of Clinton Foundation

This article appeared online at TheNewAmerican.com on Thursday, July 14, 2016:  

English: Official Congressional portrait of Co...

Congresswoman Marsha Blackburn.

Within days of FBI Director James Comey’s decision not to recommend indictment of Hillary Clinton in the e-mail scandal, Tennessee Representative Marsha Blackburn began circulating a letter among her House colleagues to generate support for an FBI investigation into the Clinton Foundation. As of Wednesday more than 40 members had signed onto the letter. It is to be sent to Comey on Friday, with copies to the heads of the Internal Revenue Service and the Federal Trade Commission.

In her letter she claims that

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Virginia Governor Terry McAuliffe Being Investigated by the FBI, Again

This article appeared online at TheNewAmerican.com on Tuesday, May 24, 2016:  

McAuliffe speaking at Frying Pan Park in Hernd...

Anonymous “U.S. officials” informed CNN on Monday that the FBI has been investigating Virginia Governor Terry McAuliffe (shown) for possibly violating campaign finance rules. Even though it was said to be “ongoing,” McAuliffe’s attorney, Marc Elias, said neither he nor the governor knew anything about the investigation but they “will certainly cooperate” if and when they are contacted about it.

One of the specific donations under scrutiny is a $120,000 contribution from

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Goldman Sachs’ Warning Dents Crude Oil Price

This article appeared online at TheNewAmerican.com on Wednesday, April 13, 2016:  

The price of crude oil, which reached $65 a barrel a year ago, fell below $30 in January with expectations that its decline wouldn’t end until it hit $20, or even lower. But hopeful optimists see light at the end of the tunnel — this coming from next Sunday’s OPEC meeting in Doha, Qatar (photo above) — where an agreement to freeze production at current levels will be on the table, bid crude higher in an almost straight line. On Tuesday NYMEX crude hit $42 a barrel, a 40-percent jump from January’s lows.

A note from Goldman Sachs on Tuesday provided a sobering view:

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Credit Rating Agencies Finally Reacting to China’s Economic Implosion

This article was published by The McAlvany Intelligence Advisor on Friday, April 12, 2016:  

English: World countries by Standard & Poor's ...

English: World countries by Standard & Poor’s Foreign Rating. Legend: Green – AAA Turquoise – AA Lighter blue – A Darker blue – BBB Purple – BB Red – B : Grey – not rated, (Photo credit: Wikipedia)

First it was Fitch. Late last year it downgraded China’s sovereign debt by two notches, from AAA to A, which, according to its own definition, signals debt that is “more vulnerable to adverse business or economic conditions than is the case for [the two] higher ratings.”

In early March, Moody’s Investors Service got on board, knocking China’s debt rating down by one notch, followed by Standard and Poor’s on Thursday, which kept China’s rating at AA but with a negative outlook.

Translation: something’s coming.

Said S&P:

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Standard & Poor’s Downgrades Chinese Sovereign Debt

This article appeared online at TheNewAmerican.com on Thursday, March 31, 2016: 

Cover of "Coming Collapse of China"

The last of the three credit rating agencies to recognize China’s ongoing economic implosion, Standard & Poor’s, downgraded its rating on Chinese debt modestly on Thursday. The agency maintained its AA rating (one notch below its highest) but changed its outlook to “negative,” meaning another downgrade is possible within the next 12 months. It said:

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China’s Economy Continues to Unravel as Gov’t Lays Off 5M Workers

This article appeared online at TheNewAmerican.com on Friday, March 4, 2016:  

Cover of "Coming Collapse of China"

Reuters reported Thursday in an exclusive report that China’s government is planning to lay off between five and six million workers in its basic industries over the next couple of years. Wrote Reuters, “China aims to cut capacity gluts in as many as seven sectors, including cement, glassmaking … and shipbuilding.” It will begin layoffs in its coal and steel-making industries.

These are the industries that fueled China’s rise from a third-world nation to first-world status. And those industries were fueled with digital money that built empty cities, factories, and airports, all under the now-provably false assumption that with enough of that money China could vault itself into the first tier of advanced industrial nations.

For a while it appeared that the assumption was valid.

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Factory Owners Increasingly Going Robotic

This article was published by The McAlvany Intelligence Advisor on Monday, January 25, 2016:  

Picture a factory where the owner has cut his Social Security and Medicare taxes by 90 percent. Where surveillance by the EEOC (Equal Employment Opportunity Commission) no longer exists. Where minimum wage laws don’t apply. Where there are no more reports to be filed with OSHA. Where the factory doesn’t have to be retrofitted to handle handicapped employees. Where there is no “family time” off for pregnancies. Where there are no pension or health care plans to fund. Where there are no unemployment insurance taxes. Where no one is demanding special break rooms and time off for prayers. Where Obamacare doesn’t apply. No transgender bathrooms. No lunchroom or recreational facilities.

It’s already happening in China’s Pearl River Delta (dubbed “the world’s workshop”).

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Brazil’s Petrobras Scandal Widens, Threatens President Rousseff

This article appeared online at TheNewAmerican.com on Friday, November 27, 2015:  

On Wednesday three top people in the Operation Car Wash/Petrobras Oil scandal were arrested in Brazil, possibly signaling the beginning of the end of the reign of Brazilian President Dilma Rousseff (shown above with former President Lula).

Ever since businessman Hermes Magnus told police in 2008 that a gang of criminals was trying to launder money through his electronics company, using the Tower Gas Station (and car wash and currency exchange) as the center, the investigation has grown ever wider.

Massive sums from Petrobras executives were transferred to overseas bank accounts using

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.