*HONG KONG PEG DEFENSE RESERVES DWINDLING DUE TO THE HKMA’S BUYING HKD TO PROP UP THE FAILING PEG - EXCESS RESERVES DOWN 44% SINCE MAY. At the current rate of decline, peg defense reserves could be exhausted by the end of August or sooner. #HongKong#HKD#China 1/4
New fully settled excess reserve number down to 190bn HKD from 340bn in May of this year and 460bn in August 2021. Bloomberg reported today that rich Chinese investors are liquidating and attempting to flee HK and China…Chinese bank runs, property developer bankruptcies 2/4
And now cue Xi’s belligerence with Taiwan. Something big happed today with US Treasury, US Military, and several other cabinets simultaneously making strong statements against the CPC. Rumors abound regarding CPC forcing factories to a wartime footing for production. #China 3/4
The former Chinese PLA General who owns 200 square miles of Texas land next to Laughlin Air Base is General Sun Guangxin who formed GH America. Sun, and Guanghui Group are closely connected to the Chinese military and the Communist Party of China. #China#Chinaexposed 1/5
Sun is a former member of the 8th, 9th, and 11th sessions of the Xinjiang Chinese People’s Consultative Conference (CPPCC). SUN maintains close and positive relations with current and former Communist Party leadership. These relationships are the key to his business 2/5
success in China. Guanghui Group’s website emphasizes the conglomerate’s determination in supporting Communist Party of China’s leadership, as well as prioritizing “Party-building” amongst its employees. As of 2018, Guanghui Group operated 40 internal Communist Party 3/5
🛑 Wil VanLoh 🛑 is one of the world’s top energy investors of all-time. His companies are currently building some of the largest alternative energy projects in the world as well as being the second largest driller of hydrocarbons in North America. I just sat down with him 1/4
To discuss the flawed energy transition policies currently being pursued and what the future holds. The most important he makes is that the current alternative energy goals are UNATTAINABLE due to the dramatic need for the world’s extractive industries (nickel, silica, 2/4
copper, graphite, lithium, etc) to expand between 200% and 1,400%. NEVER before has a global mineral’s extractive capacity more than doubled over a 10-yr period. The alternative energy goals for 2030 cannot be met..period. Here is one chart that helps understand this concept. 3/4
Brexit was the single best strategy for the UK to pursue in order to safeguard everyday Briton’s long-term national security. Bi-lateral trade and investment deals are easier to negotiate, execute, and monitor. In multi-lateral deals, one is only as strong as their weakest 1/6
link. Just look at the failures of the so-called EU.Brexit has nothing to do with racism. It’s the foundation for a proper national security policy. It’s not anti-immigrant. Once the borders are secure, a diverse and inclusive immigration policy will be implemented. Today,2/6
Brexit naysayers are blaming the administration for lower tax revenues and a declining business climate…in an environment where ill-conceived energy policy, Putin’s massacre of Ukraine, inflation caused by aggressive monetary printing, and a general European (and global) 3/6
天安门大屠杀 Today commentates the 33rd anniversary of the #Tiananmen Square Massacre in China. The CPC has made #HongKong a police state. This will be the first remembrance without a public commemoration in #HK . Remember this was about inflation and runaway food prices 🤫1/8
China’s military executed over 10,000 students protesting food scarcity and runaway prices. The government rolled their tanks over the dead students and then washed their remains down the sewer with fire hoses..#Emblematic of how Xi treats his detractors. #XinjiangPoliceFiles 2/8
As the Rules-based world marches ever closer to a kinetic conflict with China, we must all remember the bravery that Tank Man showed the world in defiance of China’s poor policies and autocratic government. 3/8
The mentally ill shooter in Uvalde bought and took possession of his first AR rifle on his 18th birthday last Monday, May 16th. On Tuesday, he bought over 300 rounds of .556 ammo, on Thursday the 18th, he purchased yet another AR. While this might have been his first 1/8
aggregated assault, the multiple purchases of ARs could have been immediately flagged and investigated by ATF. We should immediately raise the age of acquisition of AR platforms to 21yrs old. Ramos (Uvalde shooter -18 yrs old), Harris & Klebold 2/8
(Columbine shooters 18&17 yrs old), Lanza (Sandyhook shooter 20 yrs old), maybe add a multi-week waiting period while conducting mandatory background checks? ATF should use programs similar to their FN 5.7 plan to inquire around multiple gun purchases. The glaring 3/8
I agree with @joshrogin on the potential blunder the administration is considering making on tariffs. China was acting (and will act in the future) in non-economic ways in order to force certain U.S. industries out of business. They are focused on our steel and aluminum 1/4
Industries. China was advancing free electricity (the primary costing element) to their steel and aluminum smelters to create a massive competitive price advantage against US companies. Our capacity utilization of our entire aluminum industry had dropped from high 80’s 2/4
To low 70’s in a SPAN OF TWO SHORT YEARS. China’s plan was to bankrupt several of our key industries to create a full dependence on Chinese foundries. These tariffs HAVE NOTHING TO DO WITH INFLATION. They are in place to preserve U.S. national security. @POTUS@JakeSullivan46 3/4