Today China backed down on their demand for extradition upon demand from Hong Kong to mainland China. On the surface it looks like Hong Kong won this one, but if you scratch the surface you will realize, as all the people of Hong Kong must realize, Their future sucks.
China will keep pushing their advantage over the people of Hong Kong until they have noth8ing left.
Right now Hong Kong is the most expensive real estate on the planet..
How long can that last? Everybody knows that China takes ABSOLUTE control of Hong Kong in less than 30 years. What will Hong Kong real estate be worth then?
The devaluation has already begun.
For many years Chinese billionaires (yes, there are some – mostly members of the CCP) could get their money out of China by buying Hong Kong real estate. And the Chinese banks helped by financing their purchase. After all, real estate always goes up, doesn’t it?
But now China won’t allow any money to leave the country. Even Americans that “own” businesses in China can’t take their money out of China.
And Chinese banks are in trouble. They have loans on the books at many times the nation’s GDP. And to top it off, most of these loans can’t or won’t be re-paid. In other words, many of these banks are broke.
China needs Hong Kong to facilitate international money transactions (denominated in U.S. Dollars). The world is starting to take a closer look at China. Many are moving their factories out of China (not just U.S. companies, but everyone). China needs a positive balance of trade just to be able to pay their bills. China CANNOT cut back on imports because they need the raw materials, foods, and some products that they can’t make. But the world can cut back on imports from China. There is nothing they make that we can’t live without or get elsewhere.
President Trump intends to win this battle with China.
They’ve been “betting” on a new president in 2020.
Trump has told them that if they don’t like the deal now, they will hate it after the election.
We have no problem with the Chinese people, but the Chinese Communist Party is another issue.
The world has no place for their kind of tyranny. They have murdered over 500 million of their people. The people have no human rights. The power of the state is absolute. And if they don’t like you, you might “disappear” only to show up on the market for human body parts (this is not a joke).
So what is Trump going to do if the Chinese don’t agree to a “deal”?
Well, he could make it illegal to trade with China. And that would apply to everyone. And he could ban them from the world’s financial markets.
China won’t have many options. They will be able to “barter” with North Korea, Russia, and Iran. That’ll be fun.
The Chinese Communist Party could lose their grip on the Chinese people. They are in more trouble than they want you to know. They talk tough, but they are a PAPER TIGER.
When all is said and done, our factories will be humming, and theirs will be gathering dust.
Keep America Great.
God bless America.
God bless Donald J. Trump.
Comments(2)