Commentary The nightmare for the central bank is not high inflation by itself but when high inflation is not responsive to tightening measures. As an example, we can look at the situation in the UK. The accompanying chart shows that the UK has broad money (M4) growing year-over-year (YoY) at zero percent, down from the…
‘This Is National Policy’: Suspicious Blood Samples Forcibly Collected in Chinese Jails, Say Persecuted Citizens
It was March 2006 when The Epoch Times broke the hard-to-believe news about China’s forced organ harvesting from living prisoners of faith, primarily Falun Gong adherents. In the months that followed, more evidence built up. By July 2006, the first independent investigative report, the Kilgour-Matas report, further documented credible findings of recorded telephone conversations with…
Former NBA Player Enes Kanter Freedom Says He Lost $50 Million in Earnings After Speaking out Against CCP
July 13, 2023
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Former NBA player Enes Kanter Freedom has claimed to have lost roughly $50 million in salaries and possible endorsements after his career ended abruptly when he spoke out against the Chinese Communist Party (CCP). The basketball player made the claims in a hearing on July 11 before the Congressional-Executive Commission on China (CECC), which is chaired…
CCP Sets Up Social Work Department to Further Tighten Its Control
July 13, 2023
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The Chinese Communist Party (CCP) recently formed a Central Social Work Department to further tighten the regime’s control of the Chinese people. Observers pointed out that the move is to target petitioners and potential social unrest against its one-party rule. According to Chinese state media, Wu Hansheng, the former deputy party secretary for a state…
Chinese Banks’ Ratings Downgraded as Local Governments Struggle With Debt
July 13, 2023
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Shares in Chinese banks plunged after Goldman Sachs downgraded some ratings due to high local government debt. According to a July 11 Bloomberg report, shares in China’s banking sector are on the cusp of historically low valuations. Bloomberg Intelligence’s index of Chinese bank stocks is down 14 percent from this year’s high in May, wiping…
Chinese Money Launderers a Major Obstacle in Fight Against Fentanyl: US Officials
July 13, 2023
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AmericasBusiness & MarketsChinaChina NewsCompaniesCrime & Public SafetyfentanylNational SecurityPolicies & ImpactsPoliticsSocial IssuesSouthern Bordersynthetic opioidsThreat from Communist ChinaUSUS NewsUS-China relationsWorld
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Law enforcement officials say that America’s drug war is now in cyberspace, and the main antagonists are transnational criminal organizations (TCOs) serviced by Chinese money laundering outfits. “Mexican cartels’ ability to traffic deadly fentanyl into the United States is greatly enhanced by Chinese money laundering,” said Steven Cagen, assistant director of the Countering Transnational Organized…
Chinese Money Launderers Are Major Obstacles in Fight Against Fentanyl: US Officials
July 13, 2023
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AmericasBusiness & MarketsChinaChina NewsCompaniesCrime & Public SafetyfentanylNational SecurityPolicies & ImpactsPoliticsSocial IssuesSouthern Bordersynthetic opioidsThreat from Communist ChinaUSUS NewsUS-China relationsWorld
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Law enforcement officials say that America’s drug war is now in cyberspace, and the main antagonists are transnational criminal organizations (TCOs) serviced by Chinese money laundering outfits. “Mexican cartels’ ability to traffic deadly fentanyl into the United States is greatly enhanced by Chinese money laundering,” said Steven Cagen, assistant director of the Countering Transnational Organized…
Is Paul Keating Stuck in a Time Warp ?
July 13, 2023
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Commentary Former Australian Prime Minister Paul Keating has launched another extraordinary spray at the federal government’s foreign policies. In an apparently unsolicited written statement, Mr. Keating lambasted the North Atlantic Treaty Organisation (NATO) and its Secretary-General Jens Stoltenberg while supporting President Emmanuel Macron’s opposition to the organisation expanding into Asia. Condemning the “militarism of Europe,”…
China Perfecting Techno-Totalitarianism for Export Around the World: Rep. Gallagher
July 12, 2023
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WASHINGTON—The Chinese Communist Party (CCP) is perfecting a techno-totalitarian regime for export to the rest of the world, Rep. Mike Gallagher (R-Wis.) has warned. The regime’s worsening repression of faith was in the spotlight at a roundtable hearing that the lawmaker hosted on July 12. One key takeaway, the chairman and other panelists of the House…
China-Based Hackers Breach US Government Email Accounts
A Chinese hacking group foils Microsoft security, targeting the U.S. government in what’s being called an intel gathering scheme. A statement from NATO sparks Beijing’s anger. Lashing out on day two of a major summit, China sent over 30 fighter jets flying near Taiwan. Police in Hong Kong raid the family home of an exiled…
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