Earlier on, I talked about Scott Bessent's failed attempt in 1997/1998 to bring down Hong Kong's financial system, resulting in a massive loss for George Soros, said to be almost a billion US$. Trying to bring down Hong Kong, with China standing behind was a massive miscalculation by George Soros and his crony, Scott Bessent.
There is a video on the site 'Global Impulse', talking about that misadventure by Scott Bessent and George Sors titled 'Scott Bessent and George Soros: China humiliated them once, will it happen again? Scotts Bessent still harbors a deep hatred of China obviously, now touting that China cannot be allowed to export its way into prosperity. Who is he to say all that? He is just trying to bang his angry head against a wall and will achieve nothing.
Truth be said, China in 1997/1998 was just a pale shadow of its economic muscle compared to today, with just barely US$1 billion in its reserves then, but was still able to help Hong Kong to fight back the attack by George Soros with Scott Bessent leading the charge. China today has a massive reserve of US$3.2 trillion war chest. It is an economic superpower in its own right and Scott Bessent is trying to fight against it. We know he has an axe to grind with China over old wounds. He has already been humiliated by China in Switzerland and London.
Anonymous
4 comments:
China has faced Scott Bessent before and knows how to deal with him. Scott Bessent still does not realize he is dealing with a different China today, compared to 1997/1998. Even with George Soros behind him, China has no fear. Hong Kong is now rising as a financial hub, leveraging on the mainland Chinese economic power. George Soros can have another try to recoup his lost pride.
No amount of lying by Scott Bessent is going to change the reality. China will continue to manufacture and export its way to further prosperity. And there is no way Bessent can do anything about it. The Global South is now China's playground, encouraging trade and expanding BRICS to more countries. Who does not want to progress and grow prosperous. Prosperity is not the sole monopoly of the Anglo-Saxon Whites, while others must continue to remain poor for them to manipulate and exploit.
Without exposing Scott Bessent's background, most people think he is the real thing. He is just as artificial as Donald Trump, the greatest businessman in the world with his fake 'Art of the deal' label. Do six bankruptcies tell us anything about the man and his accomplishments?
Scott Bessent could not even answer a simple question from a Senator when asked 'Who pays the tariffs'. What came out of his lying mouth were just word salads, more lies, deviate towards demonizing China, evade the question, provide gibberish and leaves the question 'Who pays the tariffs' hanging in the air.
Ask any three-year-old kid and you get the correct answer. But he can no longer lie that China is paying, or importers are paying.
In one showdown in Hong Kong, Bessent lost more than what Trump lost in 6 bankruptcies. Bessent is a case of a one eyed Jack in the land of the blind. So he thought he was very clever. Soros also thought so until they nearly got bankrupted by China in Hong Kong.
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