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

Steve Bannon – Both Friend and Enemy of Freedom – Returns to Breitbart

This article was published by The McAlvany Intelligence Advisor on Monday, August 21, 2017: 

It didn’t take Steve Bannon – Trump’s chief political strategist – very long to bid adieu and pick up where he left off at Breitbart. On Friday he explained his widely anticipated departure:

On August 7th, I talked to [Chief of Staff John] Kelly and to the President, and I told them that my resignation would be effective the following Monday, on the 14th. I’d always planned on spending one year. General Kelly has brought in a great new system, but I said it would be best [to leave]. I want to get back to Breitbart.

On Friday night, he was back at work as Executive Chairman at Breitbart, saying:

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Bannon’s Ouster as Trump’s Chief Strategist Largely Self-inflicted

This article appeared online at TheNewAmerican.com on Sunday, August 20, 2017:

Immediately upon his termination as President Trump’s chief political strategist last week, Steve Bannon returned to his former position as executive chairman of Breitbart News. In fact, within hours of his return he chaired an “all-hands” meeting to plan the future.

Bannon said it was all part of a plan: “On August 7th, I talked to [Chief of Staff John] Kelly and to the President, and I told them that my resignation would be effective the following Monday, on the 14th. I’d always planned on spending one year. General Kelly has brought in a great new system, but I said it would be best [to leave]. I want to get back to Breitbart.” Upon his return to Brietbart, Bannon said:

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With Nod to Sovereignty, Trump Dumps UN “Climate” Regime

This article appeared online at TheNewAmerican.com on Thursday, June 1, 2017. It was written by Alex Newman, a colleague of mine, and is reprinted here with his permission.  

After months of keeping the world in suspense about his intentions, President Donald Trump formally announced that the United States would be withdrawing from the United Nations “Paris Agreement” on alleged man-made global warming. Blasting the non-binding UN scheme as a counterproductive effort to disadvantage America and redistribute U.S. wealth rather than fix the “climate,” Trump portrayed the decision as one that puts “America First.” He also chastised foreign powers and their lobbyists for demanding that the United States continue to handicap its economy under the guise of doing virtually nothing for the climate. The withdrawal, Trump said, represents the “re-assertion of America’s sovereignty” and a fulfillment of his efforts to re-invigorate the American economy. It was also the fulfillment of Trump’s oft-repeated pledge to “cancel” the UN scheme.

However, frustrating some of his supporters and climate realists, Trump also indicated that he was open to either re-negotiating the Paris Agreement or creating a similar international “climate” regime that would be more “fair” to the United States. In fact, the president even offered to work with Democrat Party leaders to create a new global-warming scheme — provided

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China’s Surveillance State Now Monitors Foreign Companies, as Well as Citizens

This article appeared online at TheNewAmerican.com on Friday, May 26, 2017:

A Cropped version of President George W. Bush ...

Xi Jinping, no friend of freedom

The Wall Street Journal’s claim that China’s surveillance state, which now records the behaviors of foreign companies operating there, is only intended to “monitor and rate” them falls far short of the communist government’s real intentions. Using sophisticated tracking technology — meters in chimneys monitoring air pollution, recording of excessive energy usage by a company’s meters, and so on — it intends to change the behavior of those companies to keep them in line with state policy and objectives.

China’s State Council — the government’s all-seeing eye — already monitors every citizen’s behavior.

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Moody’s Revelation: “Managed” Economies fail

This article was published by The McAlvany Intelligence Advisor on Friday, May 26, 2017:  

Perhaps without knowing it, Moody’s downgrade of China one full notch on Wednesday exposed the fallacy of managed economies: that government bureaucrats with fancy degrees from the University of Chicago, Harvard, or Yale know what they’re doing. One of those fallacies that have been promoted for years came from Yale grad Arthur Laffer as far back as the Reagan administration. On the surface it sounds eminently logical: cut taxes and the economy will grow. The fallacy is knowing just how much to cut, whose to cut, when to cut, and how long to cut.

The Laffer Curve undergirds the whole idea of “supply side economics” –

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Moody’s Credit Downgrade of China First in Almost 30 Years

This article appeared online at TheNewAmerican.com on Thursday, May 25, 2017:

China GDP

China GDP

Moody’s Investors Service, one of the big three credit-rating services in the country, downgraded China’s creditworthiness one full notch on Wednesday. It moved the world’s second-largest economy from Aa3 (“high quality [with] very low risk”) to A1 (Upper-medium grade [with] low credit risk”). It explained why:

The downgrade reflects Moody’s expectations that China’s financial strength will erode somewhat over the coming years, with economy-wide debt continuing to grow as potential growth slows.

That “potential growth” has been slowing since at least 2010. In that year Chinese government agencies reported growth in excess of 10 percent. By 2014, it had slowed to 7.3 percent, to 6.9 percent in 2015, and is now at a reported 6.7 percent.

Moody’s is late to the game.

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