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Thursday, August 08, 2019

A tale of two occupations

An interesting perspective on the Hong Kong situation from a former resident:
The fact that Hong Kongers are right to be angry about what is a de facto Tycoon Club oligarchy controlling every nook and cranny of the economy. The local backlash against “the invasion of the mainlanders”. And the relentless cultural war of Cantonese vs. Beijing, north vs. south, province vs. political center.

What these protests have accelerated is Beijing’s conviction that Hong Kong is not worth its trust as a key node in China’s massive integration/development project. Beijing invested no less than $18.8 billion to build the Hong Kong-Zhuhai-Macau bridge, as part of the Greater Bay Area, to integrate Hong Kong with the mainland, not to snub it.

Now a bunch of useful idiots at least has graphically proven they don’t deserve any sort of preferential treatment anymore.

The big story in Hong Kong is not even the savage, counter-productive protests (imagine if this was in France, where Macron’s army is actually maiming and even killing Gilets Jaunes/Yellow Vests). The big story is the rot consuming HSBC – which has all the makings of the new Deutsche Bank scandal.

HSBC holds $2.6 trillion in assets and an intergalactic horde of cockroaches in their basement – asking serious questions about money laundering and dodgy deals operated by global turbo-capitalist elites.

In the end, Hong Kong will be left to its own internally corroding devices – slowly degrading to its final tawdry status as a Chinese Disneyland with a Western veneer. Shanghai is already in the process of being boosted as China’s top financial center. And Shenzhen already is the top high-tech hub. Hong Kong will be just an afterthought.
But occupations? Whatever can he mean by occupations? I'm sure the natives will welcome the New Hong Kongese and the New Kashmiris, who are every bit as Hong Kong and Kashmir as the people who were there already!

Speaking of HSBC: the CEO of HSBC was fired yesterday and the rumor is this: the BOE found out that they were lending to the PBOC to prop up the currency.

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36 Comments:

Blogger Longtime Lurker August 08, 2019 11:06 AM  

Wait for it . . . There will be war.

Blogger Stilicho August 08, 2019 11:18 AM  

Sounds like the chicoms thought they were getting a treat when they acquired Hong Kong from Britain, but it's turning out to be, if not quite a poison pill, at least a dose of cod liver oil.

Blogger Ziggy Sakalauskas August 08, 2019 11:20 AM  

The geopolitical landscape (India, France, China, US, etc) is quickly turning into a powder keg a la 1913. Everyone just seems to be itching for conflict at this point, and it's not gonna take much to have the world erupt into chaos.

Blogger Vlad Z. August 08, 2019 11:26 AM  

In Dec of 2012 HSBC agreed to pay a $1.9 BILLION fine for laundering drug money, which might be the biggest fine ever paid by anyone.

It's not that surprising considering the history of the bank. The roots of the firm go all the way back to the British opium trade, which it was formed to service.

It amusing that despite 50 years of Communist rule this giant parasitic capitalist entity now is stronger than ever.

Blogger Longtime Lurker August 08, 2019 11:27 AM  

@3: "turning into a powder keg a la 1913."

Old Conventional Wisdom: The 21st Century will be the Asian Century.

Emerging Conventional Wisdom: The 21st Century will be the Century of Asian Conflict.

Blogger pyrrhus August 08, 2019 11:30 AM  

Meanwhile, Salvini is threatening to force new elections in Italy if his coalition partners don't take action...https://www.zerohedge.com/news/2019-08-08/italy-brink-bonds-tumble-salvini-issues-ultimatum-conte-meet-president

Blogger Crew August 08, 2019 11:31 AM  

I followed a link in that article about what it is like to live in Indian occupied Kashmir and came across this:

People were angry with the callous way soldiers had shot Bilal

If someone is as oblivious about history as that ... and by that I mean the history of the Muslim occupation of India ...

Blogger English Tom August 08, 2019 11:33 AM  

Check out: Dope Inc by Lyndon LaRouche. He has a lot to say about HSBC. None of which is good.

Blogger ace August 08, 2019 11:34 AM  

Since the last global conflict was't a numbered sequel, everyone is ready for the World War franchise to make its big return.

Blogger Brick Hardslab August 08, 2019 11:39 AM  

Speaking of There Will be War... Any news on that front?

Blogger Ingot9455 August 08, 2019 11:44 AM  

World War III: Civil Wars ?

Blogger FUBARwest August 08, 2019 12:01 PM  

"World War III: Civil Wars ?"

Looks like it.

Blogger Balam August 08, 2019 12:13 PM  

Vlad Z. wrote:In Dec of 2012 HSBC agreed to pay a $1.9 BILLION fine for laundering drug money, which might be the biggest fine ever paid by anyone.

It's not that surprising considering the history of the bank. The roots of the firm go all the way back to the British opium trade, which it was formed to service.


Yes HSBC is pretty rotten. It's worth noting that James Comey was a board member there when he suddenly got the job in the FBI, as the FBI director despite having no experience, under Obama in 2013. Also that the HSBC laundering scheme included the Clinton Foundation. That implies that 'something' Comey did over there got him enough good boy points with the Deep State to get a cushy job at the FBI.

I would be thrilled to hear that the current HSBC CEO being fired and the currency manipulation scandal was tied or triggered by the Epstein arrest (naming names) and/or failure of Comey's Russia hoax. To indulge in conspiracy thinking even more Hong Kong is a global hotspot which makes it easy for trafficking, especially considering that the law Hong Kong is resisting would allow many other countries, not just China, to extract criminals hiding there. With Duterte in the Phillipines rooting out Soros drug trade, South Korea being a "7 goddesses" Soros stronghold complete with puppet president, the Asias are a real battleground.

Blogger Crew August 08, 2019 12:14 PM  

It looks like India is prepping its people for war!

https://www.rt.com/news/466056-viral-iaf-pilot-military-honors/

Blogger qualitycontrol August 08, 2019 12:27 PM  

Maybe I'm reading to much into this but Indias aggressive challenge looks like a US-Plot to bait China/Pakistan into a conflict while the Empire is still strong enough to win a war.

Blogger Damelon Brinn August 08, 2019 12:30 PM  

Saw that rumor about HSBC yesterday, and then a quote from Zerohedge denying it, so maybe there's something to it. I don't know much about international finance, but people who claim to were saying that would be a huge scandal. I'm not sure how to tell when banks/governments propping each other up is scandalous and when it's just good statecraft and business.

Blogger buwaya August 08, 2019 12:32 PM  

Hong Kong was a great boost to China's development post-1979.
A great deal of Western and especially overseas Chinese investment was funnelled through there as a safe stepping stone into China proper. Hong Kong was the training wheels part of the great China boom, facilitating foreign investment by giving some degree of assurance to investors.

These days - I don't know. The current Chinese government started changing its economic strategy more than two decades ago. Its gotten rather hostile to foreign investment several years before Trump.

Blogger Crew August 08, 2019 12:35 PM  

Wikipedia seems historically challenged as well. Just because some parts of the world are 'enlightened' doesn't mean all parts are:

According to scholars, Indian forces have committed many human rights abuses and acts of terror against Kashmiri civilian population including extrajudicial killing, rape, torture and enforced disappearances.

Blogger Fargoth August 08, 2019 12:56 PM  

As east so west? Dumb question i guess

Blogger Dirk Manly August 08, 2019 1:19 PM  

World War III: No Alliance -- Every faction for themselves.

Blogger Ariadne Umbrella August 08, 2019 1:23 PM  

#7. Is it possible for someone (anyone?) to teach third world scholars how to write like a normal newspaper writer in the early 1900s? It had facts- the very stones of persuasion- rolling about in a river of post- I'm not even sure what sort of academic word salad and bizarre neologisms. I tried to read it through twice, and all I can get out of it is that I never, ever want to be in a room with any of these people declaiming anything. Which means that my empathy, practicality and sympathy are all turned off. That's what that young man wanted turned on- a Westerner's empathy and sense of justice, and frankly, power. But- wow. That hedge of I'm not sure what is disorienting.

Blogger bodenlose Schweinerei August 08, 2019 1:34 PM  

Modern, successful Hong Kong was always a unicorn, a result of a confluence of unrepeatable events, mainly its statu a s a British Crown Colony and China's post-1949 isolationism. No that both those things are in the past, so to might be HK's glory days. Shanghai has historically been China's leading entrepôt and it's going to be so again, primarily because the ChiComs want it to be. What does HK have to offer now?

As for HSBC, what besides shadiness would one expect from a bank originally founded to facilitate the opium trade? They're still in an excellent position down there in the "Asia Pacific region" to profit from crime, corruption, and fleeing capital, and they've shown little compunction about doing so.

Blogger Noah B. August 08, 2019 1:37 PM  

Maybe I'm reading to much into this but Indias aggressive challenge looks like a US-Plot to bait China/Pakistan into a conflict while the Empire is still strong enough to win a war.

Short of nuclear war, the US doesn't have the necessary firepower, the ability to bring it to the South Asian theater, or the will to do so. The US is just not militarily relevant here.

India's actions reflect their understanding that no outside power is likely to significantly intervene on Pakistan's behalf.

Blogger Rattlesnake_Kid August 08, 2019 1:48 PM  

It's certainly not a fun time in the CCP right now. With their PR push for 'One Belt, One Road' and Trump pushing China into the limelight over economic practices, now is the worst time for them to be dealing with HK protests. CCP surely dreams of cracking down on the protesters, but they dream of OBOR even more. They certainly know that acquiescing will push back "integration" of Taiwan some handful of years as well. Talk about a rock and a hard place. I am curious to see how it pans out.

Blogger Crew August 08, 2019 1:56 PM  

@24: I don't think China matters all that much in this case.

There are signs that India is hardening it's attitude towards Kashmir. If these signs grow we may see significant ethnic cleansing in India in the next year or so.

Blogger Tars Tarkas August 08, 2019 1:59 PM  

I read over the weekend that these protestors are to Hong Kong, what Antifa is to the West and that it is largely the same people funding it.

They were using a giant slingshot to throw bricks through windows. Given the propensity of university professors and their students to riot (protest) for the sake rioting here in the West, I am much inclined to believe the claims being made about it being Western funded.

One thing is certain, whatever is going on over there, the press is covering up something. They are not honest about anything that happens in America or Europe, so why should they be honest about Hong Kong?

Blogger Zaklog the Great August 08, 2019 1:59 PM  

OT: A friend of mine is just starting up his own YouTube channel. His first video is about Christians serving a dangerous God. If you have a minute, consider checking it out. (Yes, he needs to get his real name off of there. I'm going to so advise him.)

It's his first video, so if it's any good, offer him some encouragement, please.

Blogger Rattlesnake_Kid August 08, 2019 2:03 PM  

@25: I was commenting purely on China. I do not know enough about India to open my mouth, only my ears.

Blogger John Best. August 08, 2019 2:55 PM  

@15 No. It is the post-Empire states trying to suppress the nations. Its the same in every post-Empire state. From Africa, India and Ireland. Kashmir looks to be similar to Northern Ireland. Claimed by Pakistan, partly controlled by India and having semi-independent status, with the Indian state using violent attacks by terrorists to take over totally. Same as the British and Irish states did in Northern Ireland. You wouldn't believe some of the things India does in its sphere of influence. And the Americans are now playing second fiddle to China in the India as well.

Blogger Crew August 08, 2019 3:08 PM  

You wouldn't believe some of the things India does in its sphere of influence.

Try us, you might be surprised.

Blogger dienw August 08, 2019 3:11 PM  

OT: Vox I am watching Darkstream 452. Your framing of your head in the vertical alignment has improved: your eyes are on the central vertical horizon which is projecting more power for you (and when you sit up the eyes are above the middle line projection even more strength.). I am a painter who is aware of and makes use of the energies of a rectangular canvas.

Blogger dienw August 08, 2019 3:12 PM  

*projecting*

Blogger Roddie Piper August 08, 2019 3:36 PM  

The most deeply deluded are those who want any sort of democracy for Hong Kong. Democracy always leads to socialism, which survives by pillaging the host nation's natural resources to give handouts to the voters. Tiny city-states like Hong Kong and Singapore have no natural resources, so a few years into democracy, their only export would be millions of starving refugees.

Blogger Dave August 08, 2019 4:15 PM  

Darkstream audio alone has recently been shown to soothe the savage beast. Are we absolutely prepared for what could be unleashed on the world if the Supreme Dark Lord just willy-nilly began to project even more power and strength in the Darkstreams?

Blogger Jack (LJCSOGHMOMAS) August 08, 2019 7:13 PM  

The Hong Kong protesters are pretty obviously taking their inspiration from Antifa and the Black Bloc. Their modus operandi and even their uniforms are the same. Which makes me think that forces in the U.S. are indeed behind them. They didn't create them, but I'd bet they're promoting and encouraging them. That any of the protesters are stupid enough to hold up an American flag as some sort symbol of their rebellion shows that they're either controlled or retarded. Pompeo and Bolton don't give a f*ck about Hong Kong anymore than their type cared about the Kurds during the first Gulf War. "Yeah! Rise up! Revolt! America's got your back! No, really, we'll be there for you bro!"

Hong Kong people certainly have legitimate grievances. But the protesters are wrong to blame Beijing for all their problems. Hong Kong's economy is almost entirely controlled by six billionaire families. That's not Beijing's doing, although Beijing has not helped either and in certain aspects has made things worse, such as by allowing mainland investment in Hong Kong real estate. To the average young person, it probably looks like it's Beijing, because things have gone downhill since the 1997 handover and now they don't have much of a future and can't afford to buy a home. But it has more to do with Li Ka Shing than with Xi Jinping.

Blogger JovianStorm August 08, 2019 7:14 PM  

All of it will dissolve when China descends into Civil War in the next 25 years.

The mainland has had its industrial fun and the post-industrial period and the economic disasters it brings will be the spark that the regional nationalists need to start fighting for the independence of their regions.

Shenzenese hate Beijing as much as Hong Kong does.

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