Tag Archives: China

China – The Greatest Ponzi Scheme in History?

A friendly commentary and analysis from China-based “doublewood” in reaction to James Rickards’ most recent Daily Reckoning piece entitled, “The Greatest Ponzi Scheme in History.” Certainly, some things to consider… Shadow-Banking Worldwide The situation depicted by Rickards is nothing new. Last month, RMB 30 billion of fake wealth management products (WMP)came to light, which brought up […]

Russian Move Regarding North Korea

Re-ignited Cold War At this point, as a result of the sequence of events in the past few years and other bizarre reasons, the US and Russia have re-ignited a Cold War. One of the characteristics of a Cold War is tic-for-tac actions, dirty tricks, and doing things that would foil or complicate matters for […]

Internet-Plus Phenomenon

Under China’s Internet+ initiative, the use of handphone for payment is becoming prevelant. They just swipe a 2-D barcode with their phones and it is done. I still mostly use the 11% cash payment method. It is nostalgic. Because most users in China prepay money into their Alipay or *WeChat accounts, Alibaba and *Tencent are […]

How China Works — Six Elements

“There is no best, only better.” – Xi Jingping A Grand Delusion I have lived in China for the most part of the past 15 years, during which it developed from a relatively poor country into what its government now officially calls “the early stage of a moderately prosperous society”. The rest of the world […]

Doublewood: One Belt One Road (OBOR)

One Belt One Road (“OBOR”) is the designation of China’s initiative in its foreign relations. It embodies China’s vision that peace in the world is best achieved through cooperative development, economic, social and cultural. Along the various routes that had represented the historical Silk Roads on land (the Belt)and the Maritime Route by sea(the Road), […]

A Nationalist, A Communist and An Independent Walk Into a Bar

This isn’t a joke, those are the top candidates to be the next President of France. And who does this picture remind us of? hmmmmm. French Elections: After Brexit and Trump, France is now saying “Hold My Beer.” The latest polls out of the French Presidential election are showing a 4-way race between a Nationalist […]

“Arabella” Diplomacy

Ivanka Trump’s daughter, Arabella sang a song, recited the 3-character primer, and a Tang Dynasty poem in Chinese for President Xi Jingping and Madame Peng Liyuan. It is going viral in China. Forty-five years ago, an historic breakthrough in US-China relations was achieved through the Nixon visit to Beijing. It was dubbed the “Pingpong” diplomacy. […]

Xi-Trump Summit: According To The Script

This is what I understand to be the possible elements of a script anticipated on the Chinese side of the Xi-Trump summit. 1. Trump would kick off by asking for the sky from China. Xi and his entourage would remain silent, but flash broad congenial smiles at their host, saying without saying, “You are joking. […]

Xi-Trump Meeting

This Thursday, Xi Jingping and Donald Trump will meet for the first time.  Usually, meetings between US and Chinese heads-of-state require a long period of time to prepare.  This will probably go down in history as one that takes place under rather bizarre circumstances, but it may end up being quite significant. Bizarre Circumstances (1) […]

Tillerson Meetings in China

Tillerson was warmly received in Beijing by Wang Yi, Yang Jiechi and Xi Jingping.  The time and place for an imminent summit meeting between Trump and Xi have yet to be confirmed and announced.  Instead, Tillerson is saying Trump would look forward to meeting Xi in China, and Xi is saying Mr Trump would be […]

US-China Trade, Currency and Military Skirmishes – Part 2 – The Military

As I was making the final edit of this post, analysts are beginning to observe that the US and Russia are on the verge of plunging into a new Cold War. This will have potentially game-changing effects on the entire global scenario. All minds are straining to assess what this will mean. Unlike the Cold […]

Politics Of Coal (as in Charcoal)

This is the first addendum to the topic of US-China trade skirmishes.  It illustrates the difficulties encountered by China in having to deal with an American administration that carries heavy doses of conflicts of interest.  This email deals with one of them – coal. Why Did Trump Talk About Reviving America’s Coal Mines? If I […]

Trade, Currency and Military Skirmishes – Part 1

Donald Playing God After only 7 days into the Trump administration, the time it took God to create heaven and earth,  it had already become clear that skirmishes between the US and China will be inevitable. I use the word “skirmish” here, but everybody knows that it can potentially be a euphemism if the discords […]

Time for a #NYexit

Time for a #NYexit Investors have a busy week ahead with the Fed statement, a ton of earnings and continued monitoring of President Trump’s Executive orders. On the economic front, we have Manufacturing PMI, the Unemployment Rate, Non-Farm Payrolls and Average Hourly Earnings. Fed Meeting: On Wednesday (2/1), the Fed will release their first statement […]

China’s “Moderate Prosperity”

At the malls and in tourist towns in China, it is very obvious that there are lots of little children all over, especially yearlings and two-year-olds, and lots of pregnant ladies carrying more to arrive. It looks like there is indeed a baby boom, judging by our part of China. The country’s two-child policy may […]

Mobilization

Over the 3-week spring holiday period, China reportedly will be handling over 3 billion passenger-journeys, 2.5 billion by its rail systems! All passengers must be ID-matched to their tickets. This can only be accomplished through its massive systems engineering and management approach. Technology is used to realize processes and projects to unprecedented scale and stability. […]

Liberty Blitzkrieg

The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion. - Albert Camus

Hidden Forces

"It is dangerous to be right in matters on which the established authorities are wrong." - Voltaire

aceloewgold

"It is dangerous to be right in matters on which the established authorities are wrong." - Voltaire

Touch Stone Connect

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