How the Princelings and the Bankers got on top (and we paid for it)
Dick Eastman
How China's Princelings and Globalist Financiers took it All and We Paid for
It;
Letter #1:
I have been asked: China and N. Korea have always sold strategic materials
to any buyer. Why sanctions now?
During the cold war China sanctions were too difficult to enforce;
inappropriate given the unresolved Korean War armistice; and
likely to cause British Hong Kong to suffer most.
North Korea got sanctions in 1988, after 140 Western banks
declared her in default on $770 m. in outstanding debt. The
excuse: NK's weapons sales to other "rogue" countries (the only
way perpetual war-economies earn cash.)
In June 1972, a month after Nixon-Kissinger "opened China," David
Rockefeller for Chase Manhattan and Zhou Enlai agreed that Chase
would act as correspondent bank for the Bank of China in the US,
but more important, also arranged close ties between the Council
on Foreign Relations, of which Rockefeller was chairman, and the
People's Institute on Foreign Relations in Beijing -- economic
cordiality among economic elites who afterwards brooked no
unpleasantries while executing the greatest transfer of
information and industrial capital from one nation to another in
history. But with Clinton's overdone "kow tow," the stolen
defense secrets, easy off-the-shelf US Commercial technology, and
Russian "firesale" bargains China's military gained
superiority over the US in critical areas.
Sanctions declare a new day.
Dick Eastman
Yakima
---
Letter #2:
Globalist Gene Koretz quotes Chen Zhao:
"The Chinese economy,appears to be in the early stages of what could be a
very potent boom." But remember that booms are made by money manipulators
and capital shifters.
It is wonderful that retail sales are 9% to 10% above year-earlier levels in
real terms: interest rates are low, wages rising.
But then we get this mumbo jumbo: "rising stock prices have pushed consumer
confidence to record highs" as industrial production climbs 20 percent with
giant surges in profit.
We know the secret of Chinese profit -- just look at the "pie" of payments
to factors of production, viz.,
the portion going to rent for use of the land;
the portion going to wages,
the portion going to government in taxes to pay for
(a proxy for) public infrastructure, public utilities, public
environmental management, law enforcement, awarded
monopoly rent privileges, social welfare burdern, public-
sector goods like education, medical care, libraries etc.;
interest to capitalists,
profits to "entrepreneurship" -- but not really entrepreneurship
for big business in China as much as for connections and capital
to build modern factories with slave-coolie labor -- which I call
"Chase Manhattan entrepreneurship;" and
the original bribe payment to the Princeling for the privilege
of avoiding "living wages" (that old reactionary American
term) and internalization of true social courses (proxied by
government above).
We see then that the big profits (and the big interest payments) stem from
the constriction of payments to the other factors as much as from growth
of the pie -- but what about that growth of the pie, where did that come
from?
Is China growing because of greater economic freedom, less restriction of
inventiveness and initiative -- or because China has entered into a
conspiracy with global investment banking to destroy other economies
(especially Japan's, South Korea's, and that of the United States of
America). (See the history of the alliance between the ruling elite Council
on Foreign Relations founded by Rothschild agent David Rockefeller and
People's Institute on Foreign Relations in Beijing founded by Rothschild
agent Zhou Enlai in my last post.) China is merely the victor in ruthless
information-age warfare, more sabotage that competiton to provide better and
less expensive goods and services (i.e., more utility per yuan.)
Major stimulus is coming from foreign direct investment, which has been
galvanized by China's impending entry into the World Trade Organization. It
topped $40 billion last year, and contracts for new investment
projects--which lead actual inflows--are up sharply this year.
Yes, the convict is sleeping at the convent now and selling pictures of his
nightly activities.
But Korhetz betrays his own economic orientiation when he says:
"Some observers fear that the government's incomplete reform of the banking
system will stymie growth. And many wonder about China's vulnerability to
the sharp slowdown in global trade."
This is a veiled threat. Korhetz is warning China that unless it abandons
its government regulated potentially national - interest-serving banking
system in favor of the globalist pattern of unaccountable private plunder
machines (like the U.S. Federal Reserve) -- in effect handing global finance
capitalism the keys to the new candy store -- then "something might
happen", some "vulnerability" my be somehow come into play and a "sharp
slowdown" appear. In other words, we set you up, dear Princelings, no cut
us in all the way or we'll cut you out.
Korhetz reminds Chen that he is only "reasonably confident" that "the worst
bad-debt problems have been dealt with." I wonder if CHen is aware how
President Cleveland was bullied by J.P. Morgan into dealing exclusiviely
with his Rothschild affiliated bank; or how Nixon, forced off the gold
standard and having to resort to wage and price controls to control the
inflation that the Fed was blackmailing him so that he would surrender his
well-founded anti-communist
convictions and send Rockefeller agent Kissinger to plan the "opening of
China" etc. etc. (I won't catalog here all the the murderous wars and
depressions engineered by these global banking elites.)
When Korhetz boasts that China's private sector "is now reliant mainly on
the stock market rather than bank loans as a source of capital" the
implication seems to be that this is a good thing -- but it sure as hell is
not a good thing.
You see the Princelings are the only beneficiaries of this continuing death
of Chinese economic freedom -- but they are not China; more than David
Rockefeller and the rest of the Establishment are the people of the United
States. Korhetz is merely boasting of the wealth gains of pirates who have
conquered a town, not of the town itself!
If China was developing according to humanitarian and, yes, liberal
principles, its new capital would enter the market locally, from small bank
bank loans to little entrepreneurs, to small business, to a petty bourgeois.
But no. The Princelings and the masters of Khazar Korhetz eat the petty
bourgeois alive. What they seek together is the destruction of middle
classes around the world -- and the universal reign of the global pirate
elites on a global plantation or minimum wages, a minimum balanced diet, and
a reasonalbe amount of free veterinary care for the plantation work animals
and debt slaves.
Chen points out that China's exports are still low-end consumer items, but
does he realize that that is part of the tactic. Wal Mart stores full of
plastic monster toys and arcade games are better than atom bombs for
destroying the culture of a mortal enemy.
With labor costs less than 10% of those of Korea and Taiwan, China continues
to gain market share from its neighbors and now runs a larger trade surplus
with the U.S. than Japan does. Yes, and the deceitful CHase Manhattan types
claim that this is the mutual advantage from "free trade" that economist
David Ricardo promised long ago -- BUT THEY FORGET TO TELL YOU THAT RICARDO
ASSUMED THAT CAPITAL WOULD NOT CROSS BOARDERS WITH THE GOODS AND SERVICES
TRADED --BECAUSE IF IT DOES THAN IRRESISTABLY THE NATION WITH ABSOLUTE
ADVANTAGES IN PRODUCTION (i.e. slave wages available to the firm that
locates production in China) THEN THE PRODUCTION AND WELFARE OF THE NATION
WITH ABSOLUTE DISADVANTAGES WILL "MOVE TO THE ORIGIN" --
i.e., will end up absolutely impoverished. In other words, the law of
comparative advantage whereby if everyone produces according to geographical
comparative advantage and if capital stays within each country, then there
will be mutual gains of trade, DOES NOT APPLY IF CONDITIONS OBTAIN LIKE THE
CONDITIONS OBTAINING IN TODAY'S GLOBALIST WONDERLAND.
The US and Japan are stuck to Asia's giant "tar baby" and they are not
about to get away -- except that now you know.
Dick Eastman
Yakima, Washington
United States
Every man is responsible to every other man.