The Chinese stock market tanked last year. Major U.S.-listed Chinese stocks are down more than 60% since last year’s all-time highs and apparently has given Soros heartburn. His love affair with China has gone off the rails. Meanwhile he is pouring millions of dollars into our elections to turn us into a failed state. Lawless D.A’s and Secretaries of State that certify state elections are his first targets. So just what is on Soros’s mind?
The year 2022 will be a turning point where much of the world will pivot sharply in the direction of either authoritarianism and repression or openness, and events in China will play a decisive role, said billionaire financier George Soros at a virtual event hosted by the Hoover Institution think tank on Jan. 31.
“2022 will be a critical year in the history of the world. In a few days, China, the most powerful authoritarian state, will be hosting the Winter Olympics, and like Germany in 1936, it will attempt to use the spectacle to score a propaganda victory for its system of state controls,” Soros, 91, said.
But he made a clear distinction between the CCP congress and elections in open societies with democratic legitimacy. Unlike the elections in France, Hungary, or the United States, the outcome of the CCP congress is seen as a fait accompli. Xi Jinping is widely expected to gain a third term as CCP leader through heavy-handed, coercive means.
Xi’s aggressiveness on the global stage would be quite enough by itself to make 2022 a year unlike any other. Complementing this foreign policy stance is a dictatorial approach at home that has progressively undone the tentative market reforms ushered in by earlier CCP leaders, Soros noted. Economic reforms initiated by then-leader Deng Xiaoping in the 1980s invited foreigners to invest in China and fostered economic growth that spilled over, for a brief time, into the reign of the current leader, he added.
In contrast to his predecessor, Xi Jinping has brought companies firmly under state control, come down heavily in favor of state-owned enterprises (SOEs) over private companies, and generally pursued what Soros called “total control.”
“This has had disastrous consequences. In contrast to Deng, Xi Jinping is a true believer in communism. Marx and Lenin are his idols,” Soros stated.
Chinese citizens have gotten the worst of both worlds under Xi’s rule, as authoritarianism has stifled many enterprises even while troubles in the real estate sector have swelled to dangerous levels based on what Soros called an unsustainable model. It is a system based excessively on credit, where people are now forced to start paying for apartments not yet even built, and subcontractors who have not been paid are simply ceasing to work.
Here is the longer version of Soros’s angst against Xi Jinping.
Billionaire George Soros urged China to replace Xi Jinping with a less repressive leader, citing Xi’s enemies within the party, a real estate crisis, ineffective vaccines and a falling birthrate as factors working against him. Soros made the comments Monday at an event sponsored by the Hoover Institution at Stanford University.
This is the infamous and hard to find video of George Soros being interviewed by Steve Kroft from 60 Minutes. It’s an insight into the mind of the foremost influencer of the past 100 years who as a Jew has no regret assisting the Nazi SS with exterminating Jews during WW2. Is he evil? You be the judge
As for our savant one Joe Biden? Our Director of the CIA?
Joe Biden: ‘China not bad folks, not competition to us’
May 2, 2019
The best of the swamp today.
BUNKERVILLE | God, Guns and Guts Comrades! 