Scribd
Upload
79 views4 pages

Revealed: China Is Funded and Backed by Wall Street and Western Corporations

This document discusses how Wall Street and Western corporations have funded and enabled the rise of China as an economic threat. It notes that corporate America and Wall Street lobby heavily to pressure Trump into making a trade deal with China, even if it does not achieve meaningful structural reforms, because they have received concessions from China for access to its market. Both Bannon and Bass argue that the US needs to stand firm with China on trade to address national security threats like those posed by Huawei and China's Belt and Road initiative, and that Wall Street and corporations have failed to recognize the threat from China due to their own financial interests.

Uploaded by

Anonymous HsoXPy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
79 views4 pages

Revealed: China Is Funded and Backed by Wall Street and Western Corporations

This document discusses how Wall Street and Western corporations have funded and enabled the rise of China as an economic threat. It notes that corporate America and Wall Street lobby heavily to pressure Trump into making a trade deal with China, even if it does not achieve meaningful structural reforms, because they have received concessions from China for access to its market. Both Bannon and Bass argue that the US needs to stand firm with China on trade to address national security threats like those posed by Huawei and China's Belt and Road initiative, and that Wall Street and corporations have failed to recognize the threat from China due to their own financial interests.

Uploaded by

Anonymous HsoXPy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

Revealed: China Is Funded And

Backed By Wall Street And


Western Corporations
Listen carefully to the video below. Steve Bannon pointedly reveals that
the rise of China to be an existential threat to America is thanks to Wall
Street and Western mega-corporation, which I have been saying for
years.
This is a continuation of a long trend that the West is being destroyed
from within its own ranks. Professor Antony C. Sutton first exposed this
nefarious collusion with his masterpiece books like Wall Street and the
Rise of Hitler, Wall Street and the Bolshevik Revolution, The Best Enemy
Money Can Buy, National Suicide, Trilaterals Over Washington, etc.

Bannon’s solution to ‘back Trump’ is misguided: the solution is to


reject Technocracy, which is embedded within these same
organizations. ⁃ TN Editor

Perhaps out of concern that his former boss might be pushing Robert
Lighthizer and Steve Mnuchin to cave on enforcement, technology
transfers and market access for the sake of securing a deal with Beijing,
former White House Chief strategist Steve Bannon appeared alongside
hedge fund manager Kyle Bass, Wall Street’s most visible China bear, to
try and explain why Washington needs to stick to its guns and make
sure Beijing is held to account for its decades of trade abuses.

Bass, who just the other day distributed his first investor letter in three
years warning about a coming blowup in Hong Kong’s balance of
payments, argued that the immense pressure for Trump to strike a deal
isn’t coming from voters, but from Wall Street and corporate America,
who have abetted Beijing in its efforts to maintain the status quo on
trade – selling out their country in the process.

Drawing attention to something that few political analysts have been


willing to discuss since the US-China trade spat erupted early last year,
Bass broke down China’s lobbying strategy, which we highlighted here.

For years, Beijing has sought to curry favor with individual companies
and industries by granting them piecemeal concessions, mostly in the
form of market access. And since the start of the trade war, Beijing
hasn’t been shy about calling in favors, which is why most of the
American business and financial community just wants Trump to end the
trade war, even if it means settling for a deal that achieves none of
Washington’s objectives on ‘structural reform’, kicks the can on
enforcement to Trump’s successor, and touts promises for purchases of
billions of dollars of agricultural goods instead of meaningful changes.

“All the pressure on Trump to strike a trade deal is coming


from Wall Street and corporate America,” Bass argued. “Look
who fought CFIUS reform…some of the biggest companies in
the US and Wall Street came together to fight it. Steve is right
about who’s fighting…it’s corporate America fighting to get Trump
to do a deal…and China plays that card and they play it better than
anyone else…they open a market to very specific people to court
influence.”

At the. beginning of the interview, Bannon warned that Americans


are underestimating the threat posed by China, bringing up
Huawei, 5G, ‘One Belt, One Road’ and China 2025′. As he repeatedly
warned during the 2016 campaign, China represents “the most
significant existential threat we have ever faced.”

“Look at what they’re doing…they have a geopolitical strategy


to unite theEurasian land mass into one single market then
to force the United States out of the Western Pacific then out
of the Pacific overall. The radical cadre – this is not the
Chinese people – this is about a radical cadre that is taking
charge of the Communist Party led by President Xi…they’ve
been running an economic war against the industrial
democracies for 20 years.”

Questioned about what’s so different about China’s approach to how the


US rose to global dominance almost a century ago, Bannon warned
about Beijing’s system of “predatory capitalism” and “debt traps.”
Meanwhile, corporate America and Wall Street has repeatedly enabled
Beijing.

And by the way, the funding — the entire operation of the Chinese
Communist Party and what they’re running in China is being funded
by Wall Street, which Kyle can walk through, being funded by Wall
Street. And corporate America – remember, PBS or NPR had this
thing the other day about intrusions into stealing Intellectual
Property in American companies. They talked to a Treasury official
went around to 200 companies. Not one company would — had
been stolen from would press charges because they didn’t want to
be blocked out of China. Corporate America today is the
lobbying arm of the Chinese Communist Party and Wall
Street is the investor relations department. You can see this on
President Trump’s — on President Trump’s trade negotiation, which
I say is an armistice on the economic war. When Liu He comes to
the United States, where does he go first?

Both Democrats and Republicans have failed to understand, or willingly


ignored, this threat. But for the first time, the US has a president who
has been willing to take on the Chinese.
“Now we have a whole of government approach to really confront
China on an economic war, this has never happened…the
permanent political class and their paymasters on Wall Street have
owned the political dialogue.”

Asked by CNBC’s Brian Sullivan if he could really blame corporate


America for working with China, citing their fiduciary obligations to
shareholder, Bannon insisted that corporations also have a commitment
to stakeholders like the American people.

Read full story here…

You might also like