×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: ccp | wef | yellen
OPINION

Is Next Taxpayer Bailout for 'Too Big to Fail' China?

the question is china too big to fail or not

(Verticalarray/Dreamstime.com)

Brig Gen (ret) Blaine Holt By Wednesday, 29 November 2023 11:12 AM EST Current | Bio | Archive

Team Biden worked tirelessly to get a meeting with President Xi Jinping of China.

The very best they could pull off was a side bar meeting at the Asia-Pacific Economic Cooperation (APEC), at the newly spackled-over and gilded San Francisco made possible by Gov. Gavin Newsom, D-Calif.

Or is that Calif. Comrade Gavin Newsom?

We the People were stunned by the overnight removal of the homeless, fecal matter, and needles from The City by the Bay's streets, only to watch them be adorned with Chinese Communist flags and paid-for supporters to cheer on President, make that Emperor Xi’s arrival.

Subjugation Optics

Even the U.S. Marines were used as flag bearers for the five-star red flag which has for decades stood as the standard for millions of state-directed murders, forced organ harvesting, brutal dictatorship, and count 'em — zero civil rights.

Now, now let’s not be overly harsh.

After all, think of all the money that Wall Street has made and cheap stuff for us to purchase as long as we surrender our factories, jobs, and intellectual property.

You wouldn’t have noticed any of this scar-tissue in San Francisco.

Even our top, anti-trust proof, CEOs paid $40,000 a ticket to have dinner with Xi.

Xi Jinping and the Chinese Communist Party (CCP) have grown accustomed to American diplomats, bankers and business folks prostituting themselves for a few bucks, make that a few billion bucks over decades.

Xi brought this arrogance in buckets to San Francisco.

He did so promising to help President Biden’s not-so-aggressive, fight to curtail fentanyl if restrictions would be lifted on the operations of their sovereignty disrespecting China’s Forensic Police Institute.

Remember CCP Police stations? Apparently, those are fine on U.S. soil. Frightening. And if we aren't frightened out of our wits, we darn well should be.

Maybe it’s time to reflect on the extent to which economic interests have blurred the lines of ethical judgement and national allegiance.

Although President Biden blew the script (no surprise here) with another utterance of the word "dictator," he and U.S. Secretary of State Antony Blinken were polite enough not to mention spy balloons, support to Russia and Iran, spying on our bases with "tourists," the origins of COVID-19 and possible future variants, Chinese illegally crossing our border, or reckless military behavior, or threatening Taiwan.

Yes, the list goes on.

Wow! What a meeting that would have been. To be a fly on the wall.

Unused Leverage

Actually, President Biden was the one with the royal flush in his hand, where Xi was barely holding a pair of twos.

Instead of using the broken record cliches like "We seek competition, not conflict," or "Decoupling doesn’t help either country," we could have poured on the gas and asked why China wrecked our economy with the "Wu Flu" and followed up by defrauding our treasury for $400 million dollars in Payroll Protection Plan (PPP) loan money through American front companies.

What bicep did Xi have to flex in return besides their repetitive and tiring "We are the victim" rhetoric from the foreign ministry podium in Beijing?

China is in its worst financial crisis since Mao seized power in 1949.

Natural disasters have exacerbated their lament, but Xi Jinping himself has turned to the Mao Tse Tung playbook: rolling up private business, purging rivals and suspected rivals, wildly overextending the People's Republic of China (PRC) checkbook with predatory project loans in the third world, and destroying one-third of the national GDP by mismanaging a super nova real estate crisis.

  • Chinese banks are failing
  • Chinese unemployment is soaring
  • Foreign companies are leaving
  • Wealthy Chinese and their billions are running away

Why Kowtow to the CCP?

Only the Biden administration can answer that question.

But there is a far more important question to ask:

Did Xi Jinping ask the U.S. for a $900 billion bailout of the Chinese economy?

Greg Copley, a contributor at OilPrice.com references a source from the mainland that says that is exactly what the Chinese ruler asked of President Biden and the U.S. delegation.

If that's true and the ask was kept from us, we had better get even more nervous and more curious — quickly.

Are you ready to be on the hook for nearly a trillion to save the CCP?

If you dust off your 2008 financial crisis communications playbook where we were evangelized that less-than-honorable bankers needed a trillion from us to save the entire system.

Or you can look at the $5 trillion printed to save us all from COVID-19 but get used to eggs costing $8.00 and mortgages at 10%.

Having zero credibility Janet Yellen who is awfully fond of all things World Economic Forum (WEF) and CCP lectures us about our responsibility to pay for Mao 2.0’s iron fist.

Will she ever be brutally honest? Will she ever convey that Wall Street is getting stiffed for billions from Chinese real estate developers? Will hedge and other large investments funds make "Too Big to Fail" popular again?

Our "fancy" class of Ivy League elites, media intellectuals, government quislings and globalists have watered at the Mao trough at our expense for years. How about they pay the tab?

We the People have had enough.

Xi and the CCP can ask Klaus and gang in Davos, Switzerland for help.

Brig. Gen. Blaine Holt (retired) is a co-founder of Restore Liberty, a former deputy representative to NATO, a lifetime member on the Council on Foreign Relations, and a Newsmax contributor. The views presented are those of the author and do not represent the views of the U.S. government, U.S.Department of Defense, or its components. Read Gen. Holt's reports — More Here.

© 2024 Newsmax. All rights reserved.


BrigGenBlaineHolt
Are you ready to be on the hook for nearly a trillion to save the CCP? Our "fancy" class of Ivy League elites, media intellectuals, government quislings and globalists have watered at the Mao trough at our expense for years. How about they pay the tab?
ccp, wef, yellen
943
2023-12-29
Wednesday, 29 November 2023 11:12 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved