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solarz

solarz

Brigadier
plawolf said:
His bitching and moaning is highly hilarious.


Evergrande has fuck all to do with what he is moaning about - which is the Chinese state taking an active role in private company management, so why is it featured so prominently? Probably because Xi knows capitalist markets a lot better than Soros would like you to think and is allowing market forces to kill off a previously too-big-to-fail company. Why does this matter to Soros? Probably because he was expecting more business as usual and that the Chinese state would take an active role in bailing out Evergrande as previous Chinese administrations always have in such instances, so took a massive position scooping up stocks while they are low hoping for a huge payday and got burnt. Hence the butthurt article.


Seems like he understands pretty fucking well if a few words can create such a rally. That’s the kind of power the SEC and Fed would dearly love to have.

This probably is where Soros bet against China expecting those stocks to continue to tumble and got burnt again.


More evidence he got burnt by that rally. Only predatory investors like himself, who thinks he can buy influence in companies to make them work as he likes and/or who wants to manipulate markets to work against the good to the many to extract supernormal profits at the expense of any and everyone else just so long as he gets a big payday for himself.



And here we come to the heart of this self-serving piece of shit article.

After taking a series of batterings trying to play the Chinese markets like he has managed western markets, Soros now wants Congress to pass laws to actively interfere in the normal running of the market itself.

He gives zero fucks about any internal consistency, since his whole argument is that China doesn’t understand the markets by doing just that, only in a much more limited, specific and less arbitrary way that what he suggest Congress should ask. This also proves is arguments about this being some noble defence of the market is pure BS, since he wants the US to trample all over the free market.

All of this is just him playing his usual racket of using state capture in the west to create artificial unfair advantages for himself so he can extract supernormal profits from the stock markets.

If the US does as he proscribes, it would do nothing to Chinese stocks directly, but would remove huge pension funds from those stocks. The thing about pension funds is that they are hugely deep pocketed and take the long view. They create stability and have the capital and reputation to fight off market manipulation attempts by the likes of Soros. Him trying to force them out of a segment of the market is really about him trying to carve out a private little kingdom he and his other predatory shark buddies can play the market in to extract massive profits fast.

Pension funds like stability, whereas sharks like Soros loves volatility, where he can bet on the way up and down and use the huge swings to extra maximum profits.

It doesn’t take a genius to see what he plans to do to Chinese stocks if and when he manages to force them out of those stocks via such a gross interference by the US government.

As soon as the pension funds are out, he is going to rock the boat like crazy and make those stocks dance and make a killing in the process all the while blaming all the volatility on China, for interfering in the market. This is why it had to be Chinese stocks, so he had an easy scapegoat to direct blame against, and because given the current political climate, it would be career suicide for any regulators to go after him for market manipulation as he will just spin it as whoever is after him is CCP wanting to advance Chinese state interests. Clever.

Funny thing is such antics isn’t really going to hurt those Chinese companies all that much. It will be small time American private investors’ lunches he plans to eat all the while blaming China so those burnt little guys hate China instead of the billion oligarchs like himself who are actually actively hurting them to enrich themselves. Morden America in a nutshell.

This is what he does, that isn't surprising or new, what is interesting is the barely concealed desperation in this gambit. I’m guessing his looses from his Chinese gambles were grievous indeed, and he is living on borrowed time to make back those looses before his investors realise and he turns into the next Madoff.


This here is the true reason Soros hates Xi, because Soros thinks such power should belong to himself only, and the above is precisely what Soros wants and what Congress will grant him if they follow his self serving advice.
Click to expand...

Like I've mentioned before, the struggle between China and the West is the struggle between Socialism and Capitalism. It's hard to make it more explicit than this particular instance of a billionaire bashing the Chinese leader for reining in Capital in China.
 
plawolf

plawolf

Lieutenant General
solarz said:
Like I've mentioned before, the struggle between China and the West is the struggle between Socialism and Capitalism. It's hard to make it more explicit than this particular instance of a billionaire bashing the Chinese leader for reining in Capital in China.
Click to expand...

Actually that is the greatest lie of our time, crafted and perpetuated by the oligarch elite like Soros.

This struggling isn’t about political or economic model, it’s about whether the state and economy should ultimately serve and benefit the oligarchs or the people.

The oligarchs have won in the west. The media, the law, the government, the market are all specifically designed to advance and protect their interest at the expense of everyone else’s. That’s how and why the 1% have such unprecedented wealth that is only growing more ridiculous, all the while the poor starve and the middle class become the new poors.

China’s mere existence is an existential threat to this racket, because it gives the poors in the west a living, breathing and winning formula for a better way. The oligarchs are desperate to destroy that brighter alternative for human development because the inevitable result of China’s continued existence and prosperity is that one day, people in the west might ask themselves why they cannot have what China has, and the only answer is because of the psychotic greed of the oligarchs. When enough poors realise that, revolution is inevitable.
 
Helius

Helius

Senior Member
Registered Member
U.S. Carries out Drone Strike Against ISIL-K in Nangarhar province

CGTN visits villages in Nangarhar after U.S. airstrike

The fact that the report came form CGTN notwithstanding, did the US just pick a random dude from the village and tag him as ISIS, just so they could blow him up and tell the world they've "exacted swift justice" for the airport bombing??
 
solarz

solarz

Brigadier
plawolf said:
Actually that is the greatest lie of our time, crafted and perpetuated by the oligarch elite like Soros.

This struggling isn’t about political or economic model, it’s about whether the state and economy should ultimately serve and benefit the oligarchs or the people.

The oligarchs have won in the west. The media, the law, the government, the market are all specifically designed to advance and protect their interest at the expense of everyone else’s. That’s how and why the 1% have such unprecedented wealth that is only growing more ridiculous, all the while the poor starve and the middle class become the new poors.

China’s mere existence is an existential threat to this racket, because it gives the poors in the west a living, breathing and winning formula for a better way. The oligarchs are desperate to destroy that brighter alternative for human development because the inevitable result of China’s continued existence and prosperity is that one day, people in the west might ask themselves why they cannot have what China has, and the only answer is because of the psychotic greed of the oligarchs. When enough poors realise that, revolution is inevitable.
Click to expand...

Socialism is the engine of production (aka the "economy") serving the people. Capitalism is the economy serving the capitalists. The wealth disparity we see in the West is precisely the natural evolution of a Capitalist society.

The lie of our time is that Capitalism "won", based on the failure of the Soviet Union. China, however, provided a new Socialist model, which has been proven successful over the past 40 years, and 2020 has conclusively demonstrated its superiority over Western Capitalism.

The United States today see China as a threat for precisely the same reason they saw Communism as a threat in the 1950s, and it's exactly as you described: offering the poor an alternative model of success.

It's no coincidence that Western pundits continue to describe China in Soviet terms. It's not so much that they are incapable of grasping the difference between China and the Soviet Union, but rather to them, those differences matter little. To these pundits who are merely mouthpieces of capitalists, China represents the same threat as the Soviet Union.
 
horse

horse

Colonel
Registered Member
plawolf said:
This struggling isn’t about political or economic model, it’s about whether the state and economy should ultimately serve and benefit the oligarchs or the people.
Click to expand...

Yeah, agree, I fully believe in this too.

It is the plutocracy against the people. Western governments tried to implement the Washington Consensus so that the moneyed class, which used to mainly reside in the west, would own and control the world.

Only the Chinese Communist Party said no or screw this, as they were always against that.

It is still about the people.

That is what the CCP always said, it is about development (and the level of development in a country, and that country has it own legitimate rights to pursue development).

But to the American media, it is mostly about stock prices.
 
AssassinsMace

AssassinsMace

Lieutenant General

It's so obvious when Soros attacks China, it's because China is making him lose money or sees China as a roadblock to making him money. But because he supports "left-wing" causes he gets a pass. If only the media did disclose all the pundits they go to and their affiliations, people would see these things in a different light. In Soros' case they would have to disclose it on all the internet and newspaper editorials he writes. I don't care they are pundits in the mass media but people would see situations entirely differently if everyone knew the affiliations. It'll never happen because they are owned by corporations who have their interests.
 
plawolf

plawolf

Lieutenant General
solarz said:
Socialism is the engine of production (aka the "economy") serving the people. Capitalism is the economy serving the capitalists. The wealth disparity we see in the West is precisely the natural evolution of a Capitalist society.

The lie of our time is that Capitalism "won", based on the failure of the Soviet Union. China, however, provided a new Socialist model, which has been proven successful over the past 40 years, and 2020 has conclusively demonstrated its superiority over Western Capitalism.

The United States today see China as a threat for precisely the same reason they saw Communism as a threat in the 1950s, and it's exactly as you described: offering the poor an alternative model of success.

It's no coincidence that Western pundits continue to describe China in Soviet terms. It's not so much that they are incapable of grasping the difference between China and the Soviet Union, but rather to them, those differences matter little. To these pundits who are merely mouthpieces of capitalists, China represents the same threat as the Soviet Union
Click to expand...

This feels like it’s going off on a tangent, so to not go into too much detail, socialism is about how to run a government (specifically how government tax revenues should be spent for social welfare) while capitalism is about how to run the economy. There are significant overlap, but the two are hardly diametrically opposites either. You can have both capitalism and socialism, which is basically how much of the EU is run these days in all but name.

The Chinese government is far more capitalist than the EU in that it favours investment above social welfare spending.

The problem with west is less one of economic model (capitalism) and more about market failure due to state capture by the oligarchs, who use free market bullshit to justify barring the government from taking the market regulator role needed to ensure that capitalism actually works. Thereby leaving them to peruse monopolistic super profit extraction and predatory rent seeking behaviour.

The reason that China is thriving while the west is stagnating is because China is actually adhering to the principles of capitalism and taking the required steps to stop monopolistic abuse, rent seeking and corrects perverse incentives when they occur, and is actually getting shit built.

The west’s economic model has instead devolved into a glorified Ponzi scheme centred on the stock market that requires periodic massive cash injections via QE to not collapse under its own bloat. The west stopped producing and is all about consuming, not realising it’s appetite has grown so big that it is consuming itself and leaving an increasingly hollow shell of its former glory.
 
AssassinsMace

AssassinsMace

Lieutenant General

Here's something that if China did this, the West would crying bloody murder that it was an invasion of privacy. So they're talking about Havana Syndrome and apparently because there were instances of it happening in the US, the CIA had access to telecom company records to see if there were any Russians in the neighborhood with smartphones so they can hone-in on suspects to investigate. And remember they have no clue to what and how this is happening and they were able to access through private businesses who was in the area.
 
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