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By Forcing Control On Hong Kong, Beijing
Killed The Golden Goose

Original Article

Posted By: earlybird, 5/30/2020 5:02:39 PM

President Donald Trump announced Friday that he has directed his administration to “begin the process of eliminating policy exemptions that give Hong Kong different and special treatment.” .(Snip) Hong Kong and the U.S. have long-established ties, and Hong Kong’s past autonomy enables it to enjoy special economic and trade treatment from the states. Hong Kong alone was the U.S.’s 10th-largest export market, and the city received more than $80 billion in U.S. foreign direct investment as of 2017. According to the State Department, “There are more than 1,300 U.S. firms, including 726 regional operations, and approximately 85,000 American residents in Hong Kong.”

Comments:

The Goose that laid the Golden Egg! My words when discussing this with DH. Hong Kong was the richest part of China, and it had been exempted from the tariffs placed on the rest of China. That recognized HK’s perceived ability to have continued autonomy from the CCP. No more. What PDJT did was absolutely right. No more autonomy; bring on the tariffs.

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Reply 1 - Posted by: Deborah Grannet 5/30/2020 5:52:10 PM (No. 426799)
I've been saying this all along! Don't think this was too bright on China's part-- I suppose they thought Trump would just roll over and let them infiltrate companies in Hong Kong as they do on the Chinese mainland. Kinda backfiring, huh?
26 people like this.

Reply 2 - Posted by: lftrn97 5/30/2020 5:54:52 PM (No. 426804)
Drop the Food Bomb! No pork or soybean exports.
19 people like this.

Reply 3 - Posted by: Omen55 5/30/2020 6:51:44 PM (No. 426837)
Being the smart businessman he is Trump will be happy to take in as many HKers as possible. They are hard working,know how to run business,most speak English & they will be hard core ant-Chicoms. Unlike other groups,the ME, they will be an asset to US.
27 people like this.

Reply 4 - Posted by: Rumblehog 5/30/2020 7:03:03 PM (No. 426847)
I must say that Hong Kong is THE most incredible city I've ever seen, and I'm not alone in that opinion. While the Communist goons in Beijing HATE lack of control, they probably also hate Hong Kong's glory and phenomenal business success.
20 people like this.

Reply 5 - Posted by: bad-hair 5/30/2020 7:46:43 PM (No. 426870)
Let em go knee deep in their rice fields. They can't grow enough food and I am lately un inclined to send them any. Go launch your Chinese Moon mission. Did that 50 years ago.
12 people like this.

Reply 6 - Posted by: seamusm 5/30/2020 8:12:21 PM (No. 426890)
China holds trillions in US bond debt. They could sink our economy and the value of the dollar by dumping these bonds if they didn't care about the money - and in a trade war they just might be willing. But China's hold on its own population is dependent on violence or its threat. The ChiComs are much more worried about and afraid of their own people than they are by US trade issues. They rightly fear Hong Kong freedoms luring its mainlanders into rebellion.
11 people like this.

Reply 7 - Posted by: Grounded 5/30/2020 8:35:14 PM (No. 426899)
Boy oh boy, sure didn't see that coming./s
9 people like this.

Reply 8 - Posted by: red1066 5/30/2020 10:16:15 PM (No. 426958)
The sound of billions of dollars leaving Hong Kong and heading toward freedom can be heard all over the world.
15 people like this.

Reply 9 - Posted by: Timber Queen 5/30/2020 10:50:53 PM (No. 426975)
#6 - The U.S. could cancel those bonds as reparations for China's release of the Wuhan virus on the world. Alls fair in love, war and dealing with communists.
35 people like this.

Reply 10 - Posted by: Pucky1 5/31/2020 6:52:56 AM (No. 427132)
For an empire that prides itself on patience to achieve its ends, the HK debacle was unusual and proof that haste makes waste. Ever since Premier Deng Xioping declared that "wealth is glorious" and China has enjoyed the fruits of capitalism, it seems to have forgotten that its wealth depends on outsiders who buy its goods on the cheap because of peasant labor. Cooked Peking goose has a different flavor from Peking duck.
11 people like this.

Reply 11 - Posted by: gone2pot 5/31/2020 7:41:55 AM (No. 427157)
Yes TQ, we could. However, they are the main buyer of our debt. If we do that, the rest of the world will see "full faith and confidence" go way down and our debt buyers dry up and who will buy the bonds when we print more currency? Zing-Zing-Ping-Pong said, "We (China) die, but America dies harder." He might be bluffing. He might not be, and he cares not one whit for the lives of his people. Just ask all those who were welded into their apartments by the government in Wuhan. The Magic Marxist and our Congress created ten trillion dollars of debt currency over an eight year period. We just created 6.4 trillion in less than eight weeks (with more printing to happen soon), lost 40 million jobs in ten weeks (divide 105 million total jobs before the flu by 40 million jobs lost after the flu. It is NOT the reported 14.6 percent unemployment. It's more like 38 percent). It took four years in the Great Depression to get to 25 percent unemployment. Our ONLY positive right now is that we are the cleanest, dirty shirt in the world currency laundry hamper while we weaken YOUR and MY purchasing power and take actions that very much tick off the rest of the world's markets and at the same time aid China into becoming the world's new reserve currency. If that happens, we are Venezuela overnight along with the subsequent riots everywhere. That was a real possibility during the Magic Marxist's eight years. Because of our idiotic over reaction to the Chicom flu, we have more than supercharged that with a deep state federal reserve having the ONLY option of printing more currency. Cheer leader pom-pom's notwithstanding, what has happened and what we are doing about it is NOT sustainable. Some day that debt we created via printing currency will have to be paid in some fashion. Defaulting on bonds for one evil nation is one small way but has consequences and the immediate benefits may not last very long.
8 people like this.

Reply 12 - Posted by: Butch 5/31/2020 10:16:26 AM (No. 427296)
Better to haul China into the World Court. We´d have a good chance of gaining a verdict in our favor, since there´s a lot of evidence already, and more to come. It would be risky, but in any event, China won´t be buying more U.S. Treasury bonds any time soon. So, sue them in an international court.
2 people like this.

Reply 13 - Posted by: hershey 5/31/2020 11:00:47 AM (No. 427348)
I saw this coming...just took a little longer than I expected....
2 people like this.

Reply 14 - Posted by: Zigrid 5/31/2020 11:04:57 AM (No. 427352)
Interesting turn of events.... the President is right on...now there is an even playing field....the one thing...ping forgot...this is not obama/biden time... it's America first time...
2 people like this.

Reply 15 - Posted by: Arby 5/31/2020 11:09:01 AM (No. 427362)
Control and power are far more important than prosperity and certainly more important than freedom. This is the democrats' motto. Oh yes, and also the Chinese Communists'.
3 people like this.

Reply 16 - Posted by: NotaBene 5/31/2020 11:40:26 AM (No. 427389)
Hello Cold War. We win they lose. Chinese Communist Party will stop at nothing to elect Biden and the Marxists.
1 person likes this.

Reply 17 - Posted by: DVC 5/31/2020 12:04:34 PM (No. 427416)
Hong Kong was what it was because it was free and open and capitalistic, and (apparently) at least relatively corruption free. Those are ALL things that the ChiComs absolutely CANNOT abide, or cannot manage to do. The ChiComs are authoritarian and closed, and anti-capitalistic, and incredibly corrupt. This is already, I am sure, killing what made Hong Kong "work".
4 people like this.

Reply 18 - Posted by: Talega 5/31/2020 6:00:00 PM (No. 427722)
Agree #9. Default on Treasuries to pay for the stimulus.
0 people like this.

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