MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Chinese’

Biden’s Tariffs Are Another Nail in the Dollar’s Coffin

Posted by M. C. on May 28, 2024

“Of course, the costs of these tariffs will be borne by Americans wishing to purchase electric cars and American electric car manufacturers that use material imported from China. These new tariffs thus undercut Biden’s goal of getting more Americans to drive electric cars.

“…Ronald Regan was correct when he told me that no nation has ever abandoned gold and remained great.

https://ronpaulinstitute.org/bidens-tariffs-are-another-nail-in-the-dollars-coffin/

by Ron Paul

President Biden recently raised taxes on American consumers and businesses and may have hastened the end of the dollar’s world reserve currency status. President Biden did this by increasing tariffs on Chinese imports.

Specifically, President Biden raised tariffs on products including Chinese-produced steel and aluminum and many components imported from China for use in manufacturing electric vehicle batteries. Tariffs on Chinese-made semiconductors are rising from 25 to 50 percent while tariffs on Chinese-made electronic vehicles are rising from 25 percent to an astounding 100 percent.

Of course, the costs of these tariffs will be borne by Americans wishing to purchase electric cars and American electric car manufacturers that use material imported from China. These new tariffs thus undercut Biden’s goal of getting more Americans to drive electric cars.

The tariffs on Chinese goods give China even greater Inventive to challenge the dollar’s world reserve currency status. The same week Biden imposed these tariffs, China President Xi Jinping and Russian President Vladimir Putin announced they were strengthening their alliance in order to better challenge US military and economic hegemony. This is a reaction to US foreign policy of the post-Cold War era which has reversed the Richard Nixon-Henry Kissinger strategy of pursuing good relations with China.

A part of the announcement recognized use of the Chinese yuan and Russian ruble for over 90 percent of the trade between the two countries. This is only the latest challenge to the dollar’s world reserve currency status. China’s share of the global economy has more than doubled in the last twenty years from 8.9 percent to 18.5 percent while the US share of the global economy has fallen from 20.1 percent to 15.5 percent. China’s rise is one reason why the US currency held by foreign central banks has dropped from over 70 percent in the early 2000s to under 60 percent today.

Last year, China and Saudi Arabia agreed to expand their use of their own currencies in trade between the two countries. This is the first time the Saudis have agreed to use a currency other than the dollar for the oil trade since Henry Kissinger negotiated a deal where the Saudis would trade exclusively in dollars in return for US support for the Saudi regime. The “petrodollar” is a major reason why the dollar retained the world reserve currency status after President Nixon severed the last link between the dollar and gold.

If the dollar loses its world reserve currency status, the US government would lose the ability to “weaponize the dollar.” Other countries would then have less incentive to abide by US demands, including related to regime changes. It would also reduce other countries’ interest in purchasing US debt instruments. This would increase pressure on the Federal Reserve to monetize the debt, creating more price inflation and leading to a major economic crisis. This will not just end the US military and financial empire abroad. It will also end the welfare state at home.

Since both major presidential candidates and most Congress members are not serious about making the changes in foreign, domestic, and monetary policy necessary to avoid the crisis, America will likely face hard times in the near future. However, the end result may be a return to limited, constitutional government and a political class that realizes that Ronald Regan was correct when he told me that no nation has ever abandoned gold and remained great.

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Russian Hard Power & Chinese Soft Power Can’t Trump the Super Powered Fairy Tales of NATO & Israel

Posted by M. C. on November 17, 2023

Ukraine, South Korea, Britain and Germany which form half of the list of the world’s strongest armies, do not operate without Uncle Sam’s expressed permission.

This recent Infographics post listed the world’s top ten military powers. In pole position was Russia, followed by the United States and China. Making up the rest of the field in this order, from fourth to tenth, were Israel, South Korea, Ukraine, Iran, Britain, Germany and Turkey.

First off, the United States is no more an autonomous actor than was the Roman Empire or, indeed, the British Empire at its height and Israel, Ukraine, South Korea, Britain and Germany which, between them, form half of that list, do not operate without Uncle Sam’s expressed permission. Thus, although Ukraine has put up a good show against the Russian women and children it has been slaughtering for over a decade now, that genocide would have to stop this very day, if the United States and its British, German and sundry other satrapies willed it. Though Ukraine is a very successful criminal enterprise, it is not a military power of any consequence.

Having Russia and Iran on that list is reminiscent of how NATO’s media hyped up the Iraqi military here, here, here, here, here, here and here before its criminal genocide in Iraq. Although Iran necessarily has had to develop a range of defensive weapons’ systems, the next twelve months will show how effective they are in Lebanon, Syria, Yemen and Iran itself. Much more dangerous to Uncle Sam and its Israeli monster child is how Iran has used soft power, diplomacy and the like, to forge an anti-imperialist alliance across The Fertile Crescent and beyond. China’s can can dancers should be, at the very least, taking copious notes.

For what it is worth, I expect the United States and its Israeli bastard child to bomb Gaza, Southern Lebanon, Syria and Iran itself the same way the Yanks bombed the CChi tunnels, Cambodia and Laos. It is, as Gunnery Sergeant Hartman explained, the reason God loves the US Marine Corps: like Israel, to which we shall return, they kill everything they see. And, like Israel, they get away with it time and again.

South Korea is an odd addition to this list. The role of the Korean peninsula is to act as a buffer between Russia and China to the north and Japan to the South. Should things really kick off against China’s can can dancers, South Korea would once again have its hands full containing their cousins to the north. In the bigger scheme of things, they ain’t, to coin Humphrey Bogart, a hill o’ beans in this crazy world.

Japan, which didn’t make the cut, is a different prospect. Not only have they one of the world’s very best navies but the Yanks are training them to do a Pearl Harbor on the Chinese. As that would provoke a robust reaction from the lethargic Chinese, all bets would be off as regards who is North East Asia’s top dog. Certainly, Chinese reaction would be a good reason to avoid Japan’s cherry blossom season, which would be a shame.

One problem in assessing Japan’s military might is that the United States deliberately ensured that Japan, South Korea and Taiwan would all be but vassals, mere Asian spokes to its own imperial plans and that the United States would remain the hub from where key Asian decisions would be made. Though that has worked admirably since 1945, let’s see how that works out when the Chinese get really rattled and, say, lob barrages of missiles into down-town Tokyo.

The Chinese, for their part, want to be the reincarnation of Churchill’s Russia, a riddle wrapped in a mystery wrapped in an enigma. If China wishes to be a great power, it should start acting like one and not just parrot cliches at the United Nations about Gaza, or whatever else happens to be the topic of the day. Nobody, least of all the Palestinians, needs recycled speeches from the Chinese. Until they are prepared to send Chinese troops to Lebanon and Syria to help Russia defend the territorial sovereignty of those two countries, they should do us all a favour and just shut the fuck up.

If China is in some sort of loose alliance with Iran and Russia, then it should act accordingly with regard to whatever common goals they have. Alliances work best when all parties agree upon what they should do and how their various roles are demarcated. It is not the job of Iranian and Russian soldiers to die in Syria, Ukraine or anywhere else whilst the Chinese just line up contracts to keep their businesses ticking over and, if the Chinese continue to think and act that way, they are planting the seeds of their own destruction.

Every Russian child, I imagine, is well aware that the people and land of Russia soundly defeated the two greatest armies Western Europe ever assembled against their forefathers. Although the Wehrmacht was a first-class army, it should be remembered that they quickly knocked over the French which, prior to September 1939, had the world’s largest and greatest army.

But they did that by blitzkrieg, by their novel lightning war methods which suited them, not by the horrendous slog fest they and their allies stupidly immersed themselves into on the Eastern Front, which was best described by German Colonel Bernd von Kleist as an elephant killing massed colonies of Red Army ants, before being eaten to the bone by ever more colonies of those same Red Army ants.

But, in fairness to the Wehrmacht, constant and unremitting war is what their leaders’ ideology demanded. We see that same rabid ideology rampant amongst America’s Republican and Democratic Parties who think that their greatest (GI) generation’s trick of giving the least and getting the most can be replicated again, just as it was in the First and Second World Wars.

Had the Russian Army folded in Ukraine, it is possible those unearned good times could have returned to Yankee land but that was not to be and so it is again the turn of Palestinian children for NATO’s abattoir. And certainly, Palestinian babies in Gaza’s intensive care units make much easier and, one could say, more traditional American targets than do Chechen troops in Ukraine.

See the rest here

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Should We Allow U.S. Land to Be Sold to the Chinese?

Posted by M. C. on October 2, 2023

Third, according to that old folk wisdom, if goods don’t cross borders, armies will. Farm land is not usually thought of as a tradeable good, but it is.

https://substack.com/inbox/post/137566977

Admittedly, this idea sounds bad. Both “sell out” and “selling out” have a bad odor to them. Rather, we should “stand firm!” And there is nothing like perking up that patriotic spirit that compares to bashing supposed foreign enemies. However, there are deep and dire problems with this attempt at demagoguery.

First of all, there is simply no mention in the U.S. Constitution, let alone prohibition of, selling land to foreigners. We have been doing so since practically the beginning of our country. A relatively recent high-profile case in point is the sale of Rockefeller Center in New York City to Japanese interests. This land parcel contains 19 buildings ranging from three stories to sky scrapers, and comprises 22 acres dab smack in the middle of Manhattan. A 51% share was purchased for $846 million in 1989 by the Mitsubishi Corporation. As it happens, this sale did not go all that well for the buyers; they sold out in 1995 for a loss (but that is entirely beside the point). If the U.S. Constitution prohibited sales of this sort, this one never would have occurred.

Second, according to one opponent of such sales, a Republican candidate for Governor of Washington state:

“The practice of selling American land to anyone other than American citizens is heinous and unconstitutional. American soil belongs to American citizens. End of discussion.

Did you notice anything missing from this harangue, apart from a failure to mention which part of the U.S. Constitution is of relevance? In most sales, nay, all sales without exception, there is a buyer and seller. So far, so good. There are these two countries. But there is also a price! What is the price the Chinese are willing to pay for our precious farm land? Typically, fertile agricultural acreage sells for about $3,800 per acre in the United States. Well, suppose the people of the Middle Kingdom offered double that amount, or $7,600 per acre. Then, the likelihood of Americans going without “access to reliable and sufficient quantities of affordable, nutritious food” would be decreased, not increased, by all such sales. American farmers could then purchase twice as much arable land in nearby Canada or Mexico; they would be enriched, and we would have more food rather than less.

Here is a multiple-choice question for those of you who have not yet had Economics 101: are the Chinese likely to offer less than $3,800, that exact amount, or more than that figure, for their average purchase? Go to the head of the class if you selected that latter option. For an explanation: with these new offers for our terrain, the demand curve for it will shift to the right and prices will tend to be higher, not the same or lower. Maybe not double, as in this example, but higher!

Should we sell the entire country to the Chinese? It all depends upon what they offer for it! If it is the sun, the moon, and the stars, then yes. If it is eternal life, plus the entire remainder of the planet, including China itself, then, again, yes, of course. Without knowing what the precise financial and otherwise offer is, it ill behooves anyone to reject any deal!

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DeSantis Discusses What U.S. Policy Needs To Be To Deter A Chinese Invasion Of Taiwan

Posted by M. C. on April 26, 2023

“what makes them a significant threat is they’ve been able to make themselves, partially because U.S. policy facilitated this, the biggest industrial power in the world.”

Seems like they are copying US. The best way to keep China from invading Taiwan is to not provide a reason for doing so. DeSantis needs a lesson in non-interventionism.

https://www.dailywire.com/news/desantis-discusses-what-u-s-policy-needs-to-be-to-deter-a-chinese-invasion-of-taiwan

By  Daily Wire News

NORTH CHARLESTON, SC - APRIL 19: Florida Governor Ron DeSantis, left, and his wife, Casey DeSantis, speak to a crowd at the North Charleston Coliseum on April 19, 2023 in North Charleston, South Carolina. The Governor's appearance marks his first official visit to the "First in the South" presidential primary state amid mounting anticipation of his 2024 presidential candidacy.
Sean Rayford/Getty Images

Florida Governor Ron DeSantis said in an interview this week with Asian media that the U.S. needs to show a much stronger presence in helping “to shape the environment in such a way” that deters China from trying to invade Taiwan and expanding their influence around the world.

The 44-year-old governor made the remarks during a conversation with Nikkei Asia while in Japan on an international trade mission.

DeSantis said that “at this juncture in the 21st century, what the Soviet Union was to [the U.S. last century], that’s really what China represents, with the CCP in terms of the threat to the free world.”

“And I think in many respects, the CCP is stronger than what the Soviet Union was,” he said. “Certainly economically, they’re way stronger than what the Soviet Union ever was. And so when you look at that, our national security strategy has really got to view the Indo-Pacific like we did Europe after World War II. And to be able to do that effectively obviously requires us to make sure that we have strong defense and that we can project power. But it really does require a very close relationship with U.S. and Japan.”

The governor said that the Quad — officially called the Quadrilateral Security Dialogue, which is comprised of the U.S., Japan, India, and Australia — was critical to confronting and preventing Chinese aggression.

DeSantis said that “without question” China represented the biggest threat to the U.S. and that Chinese dictator Xi Jinping was “very ideological” and that he has “a very clear idea of what he wants to do by entrenching the party in power, entrenching himself in power, and then he’s built up military capability.”

He said that Xi wants to project that military power beyond China’s borders “in a much bigger way” than past Chinese leaders and that “what makes them a significant threat is they’ve been able to make themselves, partially because U.S. policy facilitated this, the biggest industrial power in the world.”

See the rest here

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US Officials Now Say Chinese “Spy Balloon” Flew Over The US Accidentally

Posted by M. C. on February 15, 2023

But the war party got a lot of good press. So all those $half million sidewinders were worth it. No matter how stupid this makes us look.

Caitlin Johnstone

https://caitlinjohnstone.substack.com/p/us-officials-now-say-chinese-spy?utm_source=substack&utm_medium=email

The Washington Post has a weird new article out citing multiple anonymous US officials saying that the Chinese “spy balloon” we’ve been hearing about for the last two weeks was never intended for a surveillance mission over North America at all.

The article is titled “U.S. tracked China spy balloon from launch on Hainan Island along unusual path,” and throughout it alternates between the objective journalistic terms “suspected spy balloon” and “suspected Chinese surveillance balloon” and the US government’s terms “spy balloon” and “airborne surveillance device”. There is at this time no publicly available evidence that the balloon which was famously shot down on February 4th was in fact an instrument of Chinese espionage; the Chinese government has said that the balloon was a civilian meteorological airship that got blown off course, and the Pentagon’s own assessment is that a Chinese spy balloon would not “create significant value added over and above what the PRC is likely able to collect through things like satellites in Low Earth Orbit.”

What makes the article so weird is that it actually contains claims which substantiate Beijing’s assertion that this was in fact a balloon that got blown off course, yet it keeps repeating the unevidenced claim that it was a “spy balloon”. Here’s an excerpt, emphasis mine:

By the time a Chinese spy balloon crossed into American airspace late last month, U.S. military and intelligence agencies had been tracking it for nearly a week, watching as it lifted off from its home base on Hainan Island near China’s south coast.

U.S. monitors watched as the balloon settled into a flight path that would appear to have taken it over the U.S. territory of Guam. But somewhere along that easterly route, the craft took an unexpected northern turn, according to several U.S. officials, who said that analysts are now examining the possibility that China didn’t intend to penetrate the American heartland with their airborne surveillance device.

The balloon floated over Alaska’s Aleutian Islands thousands of miles away from Guam, then drifted over Canada, where it encountered strong winds that appear to have pushed the balloon south into the continental United States, the officials said, speaking on the condition of anonymity to describe sensitive intelligence.

Paul Kane @pkcapitol

That 1st balloon seemed designed to spy on US assets in Guam, maybe Hawaii — but weather currents sent it way north to Alaska & beyond. Rare time when @capitalweather teams up with intel experts @nakashimae @shaneharris for big scoop. washingtonpost.comU.S. tracked China spy balloon from launch on Hainan Island along unusual pathThe errant path of the large Chinese spy balloon across Alaska and the continental United States may have been caused by unusual weather conditions that pulled it off course.11:19 PM ∙ Feb 14, 2023254Likes114Retweets

The article really reads like someone trying to reconcile two contradictory narratives, claiming that although China didn’t intend to send the balloon over the United States, it decided to seize the opportunity to surveil US nuclear sites while it was there anyway.

“Its crossing into U.S. airspace was a violation of sovereignty and its hovering over sensitive nuclear sites in Montana was no accident, officials said, raising the possibility that even if the balloon were inadvertently blown over the U.S. mainland, Beijing apparently decided to seize the opportunity to try to gather intelligence,” write the article’s authors Ellen Nakashima, Shane Harris, and Jason Samenow.

“Intelligence analysts are unsure whether the apparent deviation was intentional or accidental, but are confident it was intended for surveillance, most likely over U.S. military installations in the Pacific,” they write.

See the rest here

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Pentagon Claims It’s Tracking a Suspected Chinese Spy Balloon Over the US – News From Antiwar.com

Posted by M. C. on February 3, 2023

The claim isn’t confirmed and China has yet to respond

The world’s superpower can’t figure a balloon floating around overhead. Is it or isn’t it. Take it out or not. Pathetic

Unless it is ours. False flag, Fake. What is your guess?

https://news.antiwar.com/2023/02/02/pentagon-claims-its-tracking-a-suspected-chinese-spy-balloon-over-the-us/

by Dave DeCamp

The Pentagon on Thursday claimed that it is tracking a spy balloon that has been spotted over the US for several days.

A senior Pentagon official told reporters that the US has “high confidence” the surveillance balloon belongs to China, but the claim hasn’t been confirmed, and Beijing has yet to respond to the accusation.

Like the US, China has sophisticated satellite capabilities that make deploying something like a spy balloon over US territory redundant, something the senior Pentagon official who spoke to reporters acknowledged.

“First, our best assessment at the moment is that whatever the surveillance payload is on this balloon, it does not create significant value added over and above what the PRC (People’s Republic of China) is likely able to collect through things like satellites in Low Earth Orbit,” the official said.

The Pentagon decided not to shoot the balloon down due to the risk of harming people on the ground. Pentagon spokesman Brig. Gen. Pat Ryder said in a statement that the balloon was “currently traveling at an altitude well above commercial air traffic and does not present a military or physical threat to people on the ground.”

Ryder claimed the US has tracked similar balloons in recent years. The senior Pentagon official said the balloon was over Montana at one point, a state that houses nuclear weapons silos.

The claim about the alleged Chinese spy balloon comes amid heightened tensions with Beijing and as Secretary of State Antony Blinken is preparing to visit China, where he is due to arrive on February 5. In recent weeks, the US has been announcing a series of steps it’s taking to increase its presence in the Asia Pacific as part of a military buildup aimed at China.

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Should The U.S. Really Be Irritating The Chinese In Their Backyard?

Posted by M. C. on December 2, 2022

The Ron Paul Liberty Report

https://rumble.com/v1y4yuw-should-the-u.s.-really-be-irritating-the-chinese-in-their-backyard.html

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Doug Casey on Making a Crisis Your Friend

Posted by M. C. on March 3, 2022

People told me at that time that my penthouse apartment was selling for less than a ground floor apartment, which would be horrible to live in with all the street noise. But the reason that it was selling so cheaply is that they were convinced that you would have to walk up 13 stories when the Chinese took over because they wouldn’t fix the elevators. I mean, that’s how things worked.

by Doug Casey

Nick Giambruno: Doug, you’re one of the foremost authorities in the world on the topic of crisis investing. Tell us a bit about your background on this topic.

Doug Casey: After my second book, Crisis Investing, came out in 1979, I started publishing a newsletter of the same name. I used the Chinese symbol for crisis as the logo. It’s actually a combination of two symbols: the symbol for danger and the symbol for opportunity. The danger is what everybody sees; the opportunity is never quite so obvious as the danger, but it’s always there.

Speculating in crisis markets is the ultimate way to be a contrarian, which means buying when nobody else wants to buy.

It is true, as a general rule, that you want to “make the trend your friend.” But there always comes an inflection point when trends change because a market becomes either greatly overvalued or greatly undervalued. And when any market is down by 90% or more, you’ve got to reflexively look at it, no matter how bad the news is, and see if it’s a place where you want to put some speculative capital.

Nick Giambruno: Massive fortunes have been made throughout history with crisis investing. Was Baron Rothschild right when he said the time to buy is when blood is in the streets?

Doug Casey: That’s a very famous aphorism, of course. It was supposedly occasioned by the Battle of Waterloo, when he was buying British securities while the issue was in doubt.

He was able to pull off that coup because he made sure that he got the information as to whether Wellington beat Napoleon a day before anybody else did. He recognized that Europe was in a period of tremendous crisis; Napoleon, after all, was actually kind of a proto-Hitler.

But a key point here is that a successful speculator capitalizes on politically caused distortions in the market.

If we lived in a completely free-market world—one without government interventions like taxes, regulations, inflation, war, persecutions, and the like—it would be impossible to speculate in the sense I’m using the word.

But we don’t live in a free-market world, so there are lots of good, speculative opportunities that, in effect, let you turn a lemon into lemonade.

And a good speculative opportunity is both high-potential and low-risk—not high-potential and high-risk. Most people don’t understand that.

Nick Giambruno: That brings to mind the Russian oligarchs, who became oligarchs in the first place because they did some crisis investing, i.e., they bought when the blood was in the streets and picked up some of the crown jewels of the Russian economy for literally pennies on the dollar.

Doug Casey: It’s interesting with the oligarchs, because in the Soviet Union, everybody got certificates, which were traded for shares in businesses that were being privatized. The average person had no idea what they were or how to value them. The people who became oligarchs were able to buy them up for a couple of pennies on the dollar, taking advantage of the negative public hysteria following the collapse of the Soviet Union.

So this is a recurring theme—buying when the blood is in the streets. It’s what speculation is all about: namely, taking advantage of politically caused distortions in the marketplace, or taking advantage of the aberrations of mass psychology.

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U.S. Supreme Over Asia in Mathematics!, by Fred Reed – The Unz Review

Posted by M. C. on August 19, 2019

By contrast, American universities excel in inclusiveness, the care and feeding of barely sentient diversity-admits, and courses such as Batman and the Struggle for Gender Equity.

http://www.unz.com/freed/u-s-supreme-over-asia-in-mathematics/

America again wins the annual International Math Olympiad! The contest pits the brightest high-school students of countries against each other in six-member teams. The American victories continue the mastery by the European cultures that invented most of modern math. This supports the claim (I hope I do not sound racist) that European superiority is genetic. In any event, the outcome is crucial because these young prodigies will shape the future of their peoples for many decades.

US Ties with China in 2019 Math Olympiad.
The team: Vincent Huang, Luke Robitaille, Colin Tang, Edward Wan, Brandon Wang, and Daniel Zhu.
US Ties with China in 2019 Math Olympiad.
The team: Vincent Huang, Luke Robitaille, Colin Tang, Edward Wan, Brandon Wang, and Daniel Zhu.
2018 Math Olympiad, US First!
Team: Adam Ardeishar, Andrew Gu, Vincent Huang, James Lin, Michael Ren and Mihir Singhal.
2018 Math Olympiad, US First!
Team: Adam Ardeishar, Andrew Gu, Vincent Huang, James Lin, Michael Ren and Mihir Singhal.
2017  Another win!
Members of the first-place 2017 U.S. team: Ankan Bhattacharya, Zachary Chroman, Andrew Gu, Vincent Huang, James Lin, and Junyao Peng.
2017 Another win!
Members of the first-place 2017 U.S. team: Ankan Bhattacharya, Zachary Chroman, Andrew Gu, Vincent Huang, James Lin, and Junyao Peng.

2016 America first again!

Team members: Ankan Bhattacharya, Michael Kural, Allen Liu, Junyao Peng, Ashwin Sah and Yuan Yao. All six team members received individual gold medals, and Liu and Yao earned perfect scores.
Team members: Ankan Bhattacharya, Michael Kural, Allen Liu, Junyao Peng, Ashwin Sah and Yuan Yao. All six team members received individual gold medals, and Liu and Yao earned perfect scores.

Yet another American victory. Will they never end? The 2019 European Girls Math Olympiad. U.S Championship Team: Emma Qin , Ishika Shah, Janabel Xia and Catherine Wu. Meghal Gupta served as team leader and Rachel Zhang as deputy leader.

We should be gratified by America’s victories over all other Asian countries.

Despite the overwhelming dominance of Americans in math, pessimists point with alarm at developments which they believe show that the United States is losing its edge. Not so. Appearances can be deceptive. Let us examine some of these (unnecessarily) gloomy tales:

China Exceeds US in Number of Companies in Fortune 500”

This may seem ominous. In fact it is no cause for worry. The New York Stock Exchange is at an alltime high. Wall Street prospers. The growing rate of suicide in Middle America, much bemoaned by conservatives, should actually be applauded for its eugenic effects: It will raise American intelligence. In the long run, this will benefit America.

Forbes : ““The World Economic Forum calculates that China had at least 4.7 million recent STEM grads as of 2016; India had 2.6 million as of 2017; the U.S. pulls in at third at 568,000.”

Again, there is no reason for concern It is actually a sign of China’s weakness: If its students knew stuff, they wouldn’t have to go to school, would they?

Yes, Forbes says that in many American universities, departments of math, engineering, and the hard sciences would close if it weren’t for foreign students, largely Chinese. Why is this thought bad? Obviously the more money MIT and CalTech drain from the Chinese economy in tuition, the less money Beijing will have to spend on research and development. Slowly but surely, this impoverishment will bring China down.

To be sure, the Chinese can do a few things well, such as making pencils and little paper umbrellas for expensive drinks. By contrast, American universities excel in inclusiveness, the care and feeding of barely sentient diversity-admits, and courses such as Batman and the Struggle for Gender Equity. China cannot compete at this level.

Democrats unanimous as House passes bill forcing schools to let male athletes compete in girls’ sports”

The Chinese regard this as insanity, as they do most of American behavior. Here we see their lack of originality as they are just following the rest of the world…

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offended

Citizen: “What are you protesting against” Johnny: “What have you got?” The Wild One

 

 

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Everyone’s Got A “Surveillance Score” And It Can Cost You Big Money | Zero Hedge

Posted by M. C. on July 13, 2019

https://www.zerohedge.com/news/2019-06-29/everyones-got-surveillance-score-and-it-can-cost-you-big-money

Authored by Dagny Taggart via Our Organic Prepper blog,

In these Orwellian times, when it is revealed that yet another government agency is spying on us in yet another way, most of us aren’t one bit surprised. Being surveilled nearly everywhere we go (and even in our own homes) has become the norm, unfortunately.

 

Yesterday, it was revealed that the NSA improperly collected Americans’ call and text logs in November 2017 and in February and October 2018 – just months after the agency claimed it was going to delete the 620 million-plus call detail records it already had stockpiled.

But this article isn’t about that.

It is about something far more insidious.

When it comes to spying on people, the government has competition.

Read the rest of this entry »

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