Apple’s disgraceful Tim Cook. Hillary Vaughn: ‘Hi Mr Cook. Do you support the Chinese people’s right to protest?’ @tim_cook : Silence - Vaughn: ‘Do you have any reaction to the factory workers that were beaten and detained for protesting lockdowns?’ Tim Cook: Silence 1/4
Vaughn: ‘Do you regret restricting airdrop access that protestors used to evade surveillance from the Chinese Communist government?’ Tim Cook:Silence - Vaughn: ‘Do you think it’s problematic to do business with the Communist Party of China as they trample basic human rights?’ 2/4
Tim Cook: Silence . @Apple and @tim_cook have iPhones assembled in sweatshop like conditions and also work hand-in-hand with the Chinese government to control and repress basic human rights. Watching our faux social justice warrior avoid tough questions shows the world 3/4
Germany 🇩🇪 sold Europe to Russia with their reliance on Russia for gas and NOW they have decided to run their 5G infrastructure on China’s Huawei. Germany’s leadership continues to make the worst possible decisions for their own national security. #Germany#China#Russia 1/2
US inventories of gasoline, diesel, and jet fuel are at dangerously low levels. Wind farms and solar panels aren’t going to help us out of this mess. Biden just green-lighted importing additional production from Venezuela (Amnesty International comments below). #OOTT#NoPlan
‘For years, Amnesty International has documented and denounced the policy of repression implemented by Nicolas Maduro’s government in Venezuela, which aims to silence critics and dissent. Crimes under international law and human rights violations, including politically…
motivated arbitrary detentions, torture, extrajudicial executions and excessive use of force, have been systematic and widespread, and may therefore amount to crimes against humanity.’ When all we have to do is allow the Keystone Pipeline to be built between Canada and the 🇺🇸.
Why has #Tether had 6 DIFFERENT accountants/auditors in the past 5 years? Why doesn't a $66 billion institution hire a Big Four accountant? This is some serious AUDITOR INSTABILITY for a supposed 'StableCoin'. How is Tether linked to SBF's fraud? 1/4 #WTF#SBF_FTX#Tether
Deltec Bank Bahamas doesn't look like a $66 billion dollar institution to me. #B-SIFI
Tether's bank in the Bahamas is a quick hop, skip, and a jump from Sam Bankman-Fried's fraud. SBF has been regularly seen with the Bahamian political elite. It is a simple coincidence that they can jog over to each other? If Tether has $66 billion of real assets...
Why would any 'Stablecoin' management team ever invest their reserve assets in anything other than US Govt bonds, repos, and money markets? #Tether 's recent (September 2022) BDO Italy (Italy?!) attestation shows approx $12B of their $68B in assets invested in risk assets: 1/6
Even if there is no fraud at Tether (given the Tether General Counsel and FTX Chief Compliance Officer were present together at the Ultimate Bet fraud), the asset/liability mismatch doesn't appear to allow for all redemption requests to be honored given the fact that 2/6
some of their investments are invested in illiquid digital assets (like what?), commodity trading accounts in the Virgin Islands (sounding familiar), and secured loans (to who and with what collateral?). The qualifier below also got my attention when reading this report: 3/6
The Virus from the Wuhan Virology Institute solved two of China’s existential crises simultaneously. 1. The precipitous fall in their current account that was caused by sending Chinese students to the U.S. and Europe to be educated (440,000 students in the U.S. alone), 1/4
traveling abroad (spending dollars as the world doesn’t accept RMB), and limited investing abroad caused $450 billion to be drained from their reserve coffers annually. COVID and Zero COVID have temporarily ‘fixed’ the draining of the current account. 2. Protests in HK 2/4
were at their worst in December 2019. Beijing couldn’t execute a Tiananmen Square massacre on democratic HKers because there were too many cameras and too much connectivity in the former Asian hub. They couldn’t roll tanks in to squash dissent…the virus 🦠 sent everyone home 3/4
Xi’s wartime cabinet is in place. His 20th Party Congress purge not only installed loyalists, but two spy chiefs, and military leaders responsible for China’s ‘reunification’ with Taiwan. He sacked the only three men with markets experience (the heads of the PBOC, the CSRC,
And finance minister). Xi also added the Ministry of State Security head to the Politburo and the Central Committee (Chen Wenqing). These moves send a clear message to the world that conflict and ‘Great Struggle’ are coming soon. Not since Mao has a Chinese leader stacked his
cabinet with men (all men…no women, no blacks, no Hispanics, or anyone else but Han Chinese) with aerospace, weapons, surveillance, and military expertise. Conflict with Taiwan is now around the corner. The Great Chinese Liquidation of public and private equity is in full