Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
He pointed to recent developments in Beijing, specifically a recent three and a half hour speech by Chinese President Xi Jinping at the 19th Party Congress. He noted that, at the same time, a Brown University study found that since 2001 the cost of the global war on terror is $5.6 trillion.
“This is how you see great powers collapse,” he warned.
The rollout of fifth generation mobile technology — known as “5G.”
The expansion of the One Belt One Road Initiative — a transport system to go through central Asia and connect China to the Middle East.
Plan 2025 — 10 industries the Chinese have aimed to dominate by 2025. Bannon described the Chinese as “way ahead.” Bannon said three of those are silicon chips, robotics, and artificial intelligence.
Conversion of all oil transactions into Chinese currency, which he said will end America as a reserve currency and force the U.S. to start paying off the 20 trillion debt.
Financial technology. Bannon said the true piece of leverage with North Korea is the ability to decouple countries from the world’s financial system, sanction companies, and shut banks off from capital markets. He predicted that in 5-10 years that ability is gone
I've noted this for years on here. How long have I argued that the wars are wasting our wealth and that China and other countries are working towards and will undermine the dollar and then with us $30 Trillion in debt, we slowly become Venezuela?
China is looking long term. All we care about is the next earnings report.
China has two Muslim provinces and domestic terrorism is more serious than in the US. (Domestic means native Chinese citizens carrying attacks.)
What they do now is to monitor the ethnic groups closely. There are numerous police and military checkpoints in sensitive areas. In other cities (especially Beijing, Shanghai etc.) whenever people of certain ethnic groups check in a hotel, the police will be notified immediately and come to check. In China ethic identity and birth place are both shown on the national ID, so it's easy to follow.
China has two Muslim provinces and domestic terrorism is more serious than in the US. (Domestic means native Chinese citizens carrying attacks.)
What they do now is to monitor the ethnic groups closely. There are numerous police and military checkpoints in sensitive areas. In other cities (especially Beijing, Shanghai etc.) whenever people of certain ethnic groups check in a hotel, the police will be notified immediately and come to check. In China ethic identity and birth place are both shown on the national ID, so it's easy to follow.
Wow, blaming the Muslim's for our short sighted policies.
The biggest issue with China is they can have a singular focus on very long term plans. Take the energy industry for example, if you are going to build a power plant you need some kind of consistency of what the policy is going to be 30 or 40 years from now. This applies to every energy sector whether it's coal, gas or renewable. In the meantime China is going forward with "all of the above".
It's amazing the number of people that continue to defend this.
The only people who are defending it are the people who are getting rich from it: the corporate elite and the politicians that do their bidding.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
