World leaders in Beijing talking about development, cooperation and trade

 

3 min clip of world leaders arriving in Beijing for the Third Belt and Road Forum. They are there with clear priorities in mind, development, peaceful cooperation and trade. On the other hand, the Americans and their warmongering allies are very busy engaging in wars, killing and destruction in another part of the world.

Wherever and whenever China is involved, it is about cooperation and economic development, win win solutions, not wars.

Wherever and whenever the Americans and their gangster allies are involved, it is about wars, threats, tensions, insecurity, instability, forming gangs, terrorism ....

Who are the warmongers? Who are the troublemakers, gangsters, terrorists of the world?

Money in the banks is not safe

 It is time to return to the old practice of keeping your hard earned money under your bed in Ovaltine tin cans. That is probably safer than putting your money in the big banks, thinking that they are big, strong and safe.  The number of people losing their savings in the banks from scammers have reached an unacceptable level and that the banks have acknowledged that money kept by them is now NOT safe. So, other than putting their staff on high alert, introducing more levels of protection and authentication, they are now asking depositors to keep their money in the banks under lock and key. Can only withdraw physically and in person.

The push to use internet in money transaction has reached a point that it is turning into a high risk business for the depositors. Money kept in the banks and stolen by the scammers is not the bank's responsibility and the depositors have no way to claim back from the caretakers, the banks, for money in their charge. Is this an acceptable position? If this is so, then why should people put their money in the banks?

How much of the banks' problems were the result of farming out their digital transaction to foreigners? With so many foreigners working on the banks' operation systems, knowing the systems and the weaknesses, even responsible for the design of such systems, with access to all the firewalls etc etc, if they turn bad, if only one or two turn bad, the banks would be like a house full of holes.

If banks are not safe, cannot guarantee the safety of the depositors money and have no responsibility and accountability if the money is stolen, where is the protection for the depositors? Is this a sound basis for the operations of the banks? Let me have your money, but if lost, not my problem? How can banks be allowed to roll out digital systems that are not safe and need not be responsible for money lost using the system? What kind of logic and fairness are these?

Can the govt also tell the people that their money in the CPF, if stolen by the scammers, the govt will not be responsible for it?

The money lost to scammers has reached a breaking point that would cause the collapse of the banking system if the trust in the banks is lost. When depositors cannot trust the banks to safe keep their hard earned money, why put the money in the banks?

What do you think?

South Korea is already screwed economically

 South Korea is already screwed economically. The desperation of South Korea already became apparent when it tried to source rare earth ores from Mongolia for refining to support its semiconductor manufacturing, to no avail. China is not going to support the move by allowing Mongolia to ship rare earth ores to South Korea for refining, using its Tianjin port. This was an attempt by the USA and South Korea to exploit Mongolia's rare earth ores to counter China's rare earth control. It is plain logic that China will never allow such Mongolian ores to pass through its territory, when it is in the process of countering the chip war initiated by the USA and its Chip4 alliance countries, which South Korea is part of.

Samsung is now suffering big time, with profits plunging so rapidly that it has been touted as catastrophic losses quarter on quarter. Samsung and Hynix are both anticipating further losses without Chinese rare earth elements for their semiconductor manufacturing. They will be left in the lurch by the USA, by following the USA to sanction China in high end chips. They reap what they sow and deserves no sympathy.

South Korea's economy depends for a major part on the nations semiconductor sector, and any downturn is not going to be taken lightly. It is still early days since China's restrictions on rare earth came into effect on lst August. The sector probably can still fall back on stock piling earlier, but such stocks will not last forever.

As a self conforting narrative, the West is saying there is not much to worry abou, as it will take only a few years for the rest of the world to set up facilities to do it and not depend on China totally. Let us wait and see.

China as the dominant player can influence the market by flooding the market or restricting it. China will just let them set up expensive facilities and plants to refine rare earth, but China could easily kill them off by flooding the market when they come on line, with much cheaper rare earth elements. Therefore, let us see who wants to invest in such expensive facilities when the outlook appears so uncertain, with returns not guaranteed. Investors are not going to throw money into ventures with uncertain prospects. There have been facilities being mothballed due to losses from uncompetitive pricing resulting in their failures.

Anonymous

Compare and contrast the stand of the USA over Muslims in Palestine and the Uyghurs in Xinjiang.

Muslim Uyghurs in Xinjiang were not even suffering a fraction of what the Palestinians are and were suffering under Israeli high handed assaults. Chased out of their demolished homes and having their land taken over to be occupied by Israelis, they could do nothing but weep. Yet, the fabricated fate of the Uyghurs were hyped up to high heaven with claims that were never even proven. Sure, China did what it had to do, which was to put its foot down on radicalisation that was threatening the region. And that was construed as mass mistreatment of the Muslim Uyghurs.

And who were supporting the terrorism threat and intending to reap the benefits of a destablised Xinjiang, that was intended to eventually spread to the rest of China? Hong Kong was then also under instigated chaos, which we now know was orchestrated by the CIA. Thankfully, China killed them off with one masterstroke, which was to let the main instigators emerge from their rat holes, be identified and destroyed in one fell swoop. Wonder what happened to those radicals in Universities in Hong Kong who were reported to have said they will die fighting for their rights? Laughable indeed!

Now, lets talk about those rats that scuttled to the UK, who are now caught in a dilemma. Unable to find employment without preconditions, some are regretting their move, giving up good paying jobs in Hong Kong to face such difficulties in the UK. Moreover, they do not get the same favoured treatment as the 'blue eyed' Ukrainians by the UK Government. Subsidies were given by the UK Government to landlords to host those Ukrainians, which is now turning into a farce, with landlords unable to get rid of the Ukranian refugees upon expiry of the subsidies. As a hilarious distracting point, some landladies in the UK are complaining about Ukrainian women stealing their husbands while living in their homes. What a laugh!

Anonymous

When have the Whites ever honour their words?

 When have the Whites ever honour their words? There is no honour among thieves.

Nato was not supposed to expand an inch towards the Russian border, and look what happened with all the former Soviet Union satellite states. All have been absorbed into Nato. What happened to that inch that they agreed upon? Gorbachev had been conned and will go down in history with a bad name. You can never expect the Whites to walk the talk, not when there is no written agreement to fall back on. Even with agreements, it is of no consequence.

Ukraine was the only material buffer zone now seperating Russia from Nato, and is the 'Red Line' that Putin is protecting. The loss of Ukraine to Nato will be a catastrophe of bibical proportions for Russia. Putin will never ever let that happen. There is now talk of setting up a buffer zone within Ukraine itself, but I just wonder whether Putin will even agree to that. When that happens, part of Ukraine will probably end up in Nato, which is still an arrangment that affords the USA the chance to move its missiles closer to Moscow.

China's control export of Gallium and Germanium is putting a squeeze in weapons manufacturing in the USA and the West, and Ukraine is in for another winter of discontent and so does Europe. Another pipeline between Finland and Estonia was just blowned up, and immediately a day after, the blame is on Russia. No investigation needed, just automatically Russia comes to mind. Everything the the West seems to run on autopilot. 

Anonymous