Trump Heavyweight Champ of Hong Kong

Hours after [US President Donald Trump] signed two bills to support human rights in Hong Kong, angering Chinese government officials, pro-democracy protesters in the beleaguered city held a “Thanksgiving Rally” Thursday night to commend him for taking the action.

… “Fight for freedom, stand with Hong Kong,” thousands of protestors chanted in a public square as they waved American flags and held up copies of the photo [of Trump as boxing champ]… The new laws mandate sanctions on Chinese and Hong Kong officials who carry out human rights abuses on the semiautonomous island, require an annual review of Hong Kong’s trade status and prohibit the export of specific nonlethal weapons to Hong Kong police.

Joshua Wong, a well-known pro-democracy activist who was among those who lobbied for the laws, told protesters Thursday their next goal is to get other Western leaders to follow in Trump’s footsteps in order to put pressure on the Chinese government to give in to their demands.

On the mainland, Chinese government officials were enraged by the new laws… __ https://nypost.com/2019/11/28/rocky-shock-for-china-makes-trump-hong-kong-hero/

China wants to overrun Hong Kong and anoint the land with blood. But this is not a good time for that — too many people happen to be looking that way right now. And China’s faltering economy needs Hong Kong as a financial inlet/outlet to the freer world. So chalk another humiliation for Xi and his chorus line.

Years ago, Al Fin told both Xi and Putin that they had each “pulled the trigger” on their ambitions much too soon. I suppose neither bloody-handed dictator could wait, the biological clock being what it is.

US Economy Still in Good Place

The Chinese trade war has depressed selected parts of the US economy temporarily — but for a good cause. Otherwise, the “Accidental Superpower” seems to be cruising.

Unemployment is at the lowest level since 1969. There were 2.3 million more full time, year-round workers this year than last. And those workers are earning more. Median earnings for full-time workers rose by more than 3 percent last year. Since 2009, average hourly earnings for all employees is up 5.6 percent, while real average weekly earnings rose by 6.9 percent. __ Michael Tanner Cato Institute

The US became the world’s largest economy around the year 1880, just 15 years after the end of a ruinous civil war and painful reconstruction period across half of the country. This meteoric economic growth occurred largely because the US government stayed out of the way of free trade and markets. There is a lesson there for political leaders capable of learning.

“We can be thankful that the economy is still in a good place with economic growth a little better, a rebound in business durable equipment expenditures, and a sharp decline in joblessness which together tell the story that recession is nowhere to be seen and should not be on anyone’s radar in 2020,” wrote Rupkey.

He said the jump in business spending should mean an improved trend in the fourth quarter. __ Patti Domm

The US is in the middle of a significant skills shortage across the industrial sectors. The ongoing skills shortage in construction is just one of the areas where labour shortages are retarding potential growth in the US economy.

Socialists are not fond of economic prosperity, so the US economic picture could change rapidly if a socialist cabal grabs control of the US economy somehow. $Trillions are at stake, so the motivation is certainly there — and thanks to a corrupt media and academia, tens of millions of voters are well indoctrinated.

Hope for the best, but prepare for the worst. Learn more about how to make yourselves and your households more Dangerous.

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2 Responses to Trump Heavyweight Champ of Hong Kong

  1. bob sykes says:

    It is good that there are people in Hong Kong who want democracy, and voted for it. Those are not the demonstrators/rioters, who are being supported by the US. The demonstrator/rioters do have real grievances, such as the lack of jobs and the inability to afford Hong Kong’s housing. But the real hope for Hong Kong are the voters who massively voted for pro-democracy candidates. They, not the demonstrators/rioters, are Beijing’s real problem. The rioters can be, and have been, dealt with by the riot police. The riots have no real support in Hong Kong, and it is a fundamental mistake to focus on them instead of the silent, pro-democracy majority.

    The reality is that Hong Kong is no longer central to China’s economy. It is not the door to the world, and its financial markets are secondary. There are any number of cities in China, like Shanghai, that are far ahead of Hong Kong by every economic measure, including wages, standard of living, etc. This is a natural development of Deng’s reforms of a generation ago, that lead to massive growth throughout much of China.

    [Admin: China is not trusted as a world financial hub and continues to rely on Hong Kong for that purpose. Hong Kong also facilitates capital flight out of China when high ranking party officials and the ultra rich need some personal insurance. Beijing is desperate and cannot talk its way out of its own dilemma.]

  2. Pingback: Cantandum in Ezkhaton 12/01/19 | Liberae Sunt Nostrae Cogitatiores

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