If you made me the “Securities Czar” in the U.S., I could fix this in a matter of weeks. And it doesn’t say, “Trade between nations must be unrestricted and free, and benefits inure to the lowest bidder.” That is not what was said. None of them are tasked with safeguarding the national security of our country. Right? From shifting capital flows around the world to the threat of China devaluing the yuan, these two discuss threats and opportunities that China presents investors now. They are saying that they will pay the relocation and rebuilding costs of any Japanese company that wants to relocate its supply chain back into Japan from China. And I say, well, they have toilet paper, and they have digital toilet paper. And the fact that they lied to the rest of the world, and could have made this awful and sinister virus, and this misery that the Chinese Communist Party has brought to the rest of the world, they could have contained this. They have to buy it in a currency that people will accept that have open capital accounts and [is] freely tradable. So, I think understanding their position in the global economy is hyper important. Again, no one’s gonna take these things if they’re not legal tender.
And here, it’s happening in Xinjiang.So you don’t have Hollywood speaking out against the Human Rights, the vicious Human Rights abuses that the Chinese are currently undertaking in Xinjiang, and with the Falun Gong, and with the Tibetans, and the Christians, and everyone they’re persecuting for their religious or political affiliations. And as you know, the Chinese Government through its SOEs [state-owned enterprises] and its others methods of madness, have bought into many of the Hollywood production companies, and they actually control the content.I think that it needs to be monitored, and things that they’re doing need to be taken seriously, but today, until they open their capital account, and become a real responsible global actor, they’re just going to try to lie, cheat, and steal their way through the world, which is what they do today. We could have maybe saved 90% of these effects from the rest of the world if they’d have just been honest with the world. No, it doesn’t. It doesn’t, but we haven’t done it. Right now, it’s an unfair fight.And so, they’ve tried and failed. This is American Thought Leaders , and I’m Jan Jekielek. And we need to restructure those. They’re desperately short food, they’re desperately short energy, they’re desperately short base metals, base materials. https://www.cnbc.com/video/2020/05/15/kyle-bass-on-us-china-relations.html It’s not a contest for power. Bass talks about the bifurcation between capital markets and the real economy due to unprecedented monetary policy response. They don’t have to submit themselves to PCAOB [Public Company Accounting Oversight Board] covered audits, like every U.S.-listed company does. — Kyle Bass (@Jkylebass) July 27, 2020 * * * Authored by Richie Koch via ProtonMail.