Archive

Archive for September, 2017

《辉煌中国》–Amazing China

September 25th, 2017 1 comment

The 6 episodes of “Amazing China” are now available on YouTube. I haven’t visited China for 2 years now, yet the speed of transition described in this video series caught me by total surprise. I do hope CGTN will translated it to different languages and broadcast them. It probably will cost a lot less than those short video montages shown in Times Square and much more effective.
Coming the month before the convening of 19th Party Congress, it described what China has accomplished during the last 5 years and the bright future of China Dream. It fills me with a sense of optimism contrasting with the pessimism I feel of U.S. after the election of Trump. The events of last 8 months only confirmed my pessimism. As a Chinese American I can’t be indifferent to what is happening in U.S., no matter how it will benefit China, I do wish U.S. well.
Of course we expect that the videos will sing paean of party secretary Xi Jinping. Yet, when we contrast his eloquent speeches over the years when he’s not at the top with the vulgarity and illiteracy shown by Trump, one can’t but wonder so called Democracy can produce such trash as leader of the so called Free World. One quote by Xi when he was party secretary of Zhejiang province and repeated at Davos is instructive, ” We aspire for gold and silver mountains, yet we want green mountains and green waters, for they are the real gold and silver mountains.”.

Categories: Uncategorized Tags:

U.S. Complains of Current Account Deficit and China Appetite for Western Technologies – A Self Inflicted Wound?

September 14th, 2017 2 comments

The current world order is grossly unfair … historians of an enlightened future may come back to view our times as the dark ages … when humans remain bonded to and oppressed by the  hegemony and ideology “markets,” “rule of law,” “freedom” and “democracy”.

The pure hypocrisy of the world is never ending.  And here is just one other small case study…

China is often accused by U.S. and Europe and Japan of over-protecting its economy from foreigners.  The foreigners want more access but Chinese are greedy; they disregard any concerns of China of over dependence on foreign nations for critical sectors of technology. Read more…

Abacus: Small Enough to Jail

September 13th, 2017 No comments

During the 2008 financial crisis, it is well known that nobody went to jail because of it.  However, it is relatively unknown that only one bank did get charged for mortgage fraud.  Abacus Federal Savings Bank is a relatively small bank which has 6 branches in NY, PA and NJ, has uncovered improper behavior of one employee and was subsequently fired and reported the proper authorities.  However, in the coming months prosecutors increasingly ask questions about the incident which led to this.  Unlike the big banks where the cases settled out of court with a fine, Abacus was criminally charged.  It should also note that out of about 3000 mortgages sold to Fannie Mae during 2005-2010, only 9 of them defaulted, which is less than 1/10 of national average.  PBS Frontline has an excellent documentary about this ordeal.  Here’s an story about this.

Categories: Uncategorized Tags:

Waist Deep in the Big Muddy

September 6th, 2017 3 comments

Pete Seeger wrote that song in 1963 about a training accident during WW 2, and obviously referring to the then developing Vietnam War. Incidentally I think he should have received the Nobel Prize for Literature that went to Bob Dylan 1 year later instead after he died. The reason this song triggered in my memory is the recent policy shift/continuation of Trump administration on Afghanistan and “Fire and Fury” toward North Korea.. The lyric perfectly illustrates the dilemma faced by U.S., “Waist deep in the big muddy, but the big fool said to push on”.
The increase of troops in Afghanistan was expected and received approval from the military and main stream media, but opposition from both right and left. It’s true that Trump campaigned against bigger involvement in Afghanistan and certainly not in the best interest of U.S., but that’s the nature of empires. Afghanistan has been the burying ground for empires from British to Soviet, and now probably American Empire. To me Taliban is a push back against modernity which U.S. helped to finance during the Cold War, and sowed and reaping the backlash now. I detest Islam’s treatment of women, and time and modernization is the only solution as China is doing so in Xinjiang.
As for North Korea I think Trump and Kim deserve each other. For me Trump reminds me of the character in Stephen King’s novel and movie, “The Dead Zone”, Greg Stillson. I just hope the generals can somehow restrain Trump from releasing a nuclear holocaust. At least Steve Bannon understand there can be no military solution against North Korea which probably is beyond Trump’s understanding. Logic dictates U.S. has to negotiate with North Korea for denuclearization in exchange for American troop withdrawal from South Korea. U.S. do not need those military exercises, or troops as hostages in South Korea to deter North Korea from invading. Nuclear umbrella from Japan or submarines are more than sufficient. If North Korea feels survival is no longer a question it will evolve by herself. Similarly U.S. do not need troops in Germany to deter Russia from invading, all are excuses to maintain the empire.
Looking at the world today, one can’t help but admire China’s policy of non-interference of internal affairs of other countries. This policy may be dictated by China’s weakness in the beginning, but I think also due to the wisdom of Chinese history and philosophy. The “Star Trek” has the “Prime Directive” which every episode of the TV series violated because entertainment value, but for China it’s great and wise.

Categories: Uncategorized Tags:

North Korea; Has the nuclear calculus been changed?

September 5th, 2017 No comments

In the past, the US stance on North Korea gone from the ‘appeasement’ during the Clinton Era, “Axis of Evil” Era during Bush Era and “Strategic Patience” during the Obama Era. In the advent of Bush Era and Obama era, the US has been trying to hatch a plan of trying to overthrow the North Korean government, very much like what happened to Syria and Libya years after the “Axis of Evil” speech.

The US, South Korea and Japan has been pushing for regime change while China has been pushing for talks and the status quo.  Up to this point, North Korea has little threat to the mainland US, but has ballistic missiles to go against South Korea and Japan.  In the latest Nuclear test by North Korea, they claimed that they had built a nuclear fusion bomb that can be installed on top of an Intercontinental ballistic missile (ICBM).  What has changed is that North Korea has the capability to go after large cities within the continental US.

What I am surprised is that South Korea favors dialogue with North Korea and Trump blamed South Korea that “appeasement does not work.”

http://www.newsweek.com/north-korea-south-korean-president-wants-make-peace-not-war-659669

Meanwhile, China has been blaming the US for not having a dialogue with North Korea which caused this mess.

http://english.chosun.com/site/data/html_dir/2017/09/05/2017090501307.html

Russia agreeing with China and warns of “Global Catastophe.”

http://www.cnn.com/2017/09/05/asia/north-korea-putin/index.html

What I am now starting to find that some western sources now start favoring dialogue instead of doing the same thing over the past few years.

https://www.theguardian.com/commentisfree/2017/sep/05/america-north-korea-diplomacy-negotiation

https://www.theatlantic.com/international/archive/2017/09/south-korea-north-korea/538815/

I do believe that this is a turning point where the US will start to give up is grandiose ambitions of taking over North Korea.   Considering that China and Russia is condemning more on the US and South Korea for not acting and the US did little after the latest nuclear test, we will see a change in a few months or years.

Categories: Uncategorized Tags: