KW: At one juncture yesterday, the Dow was down 800 points — on top of the 800 points lost the previous trading day. By most accounts, the precipitating event was the arrest of Meng Wanzhou, CFO of the Chinese tech giant Huawei — and daughter of the company’s founder. She was kidnapped in Vancouver on a U.S. warrant, on charges that U.S. officials still haven’t exactly confirmed but alude to Huawai’s apparant breach of the U.S. trade sanctions on Iran and it’s attempt to stop anyone else doing business with Iran. Such bully attempts place the U.S. on a trade war path with the rest of the world and the sooner they are cofronted the better. It is a very dangerous situation and of course much worse than ‘hooliganism’ that some American commentaries reveal. Out of such events real shooting wars erupt.
According to Moon of Alabama the arrest of Meng was a deliberate attempt to sabotage U.S.-Chinese relations. “It was Bolton who a week ago intentionally damaged U.S. relations with China. That is bad for Trump and U.S. policies. The arrest on December 1 happened while president Trump was negotiating with president Xi of China about trade relations. Trump did not know about the upcoming arrest but sitting 2 to his right at the same negotiating table Bolton was aware of it. Bolton surely should have informed Trump before his dinner with Xi, in which Bolton took part, but he didn’t. It was a trap. The arrest is a public slap in the face of China and to Xi personally. It will not be left unanswered. Whatever Trump may have agreed upon with Xi is now worthless. John Bolton intentionally sabotaged the talks and the U.S. relations with China. CNN reports that White House chief of staff John Kelly is expected to resign soon. Kelly is one a the few counterweights to national security advisor John Bolton. His replacement will likely be whoever Bolton chooses. That will move control over Trump policies further into the hands of the neo-conservatives”.
New Zealand is already caught up in this conflict with the GCSB ‘banning’ SPARK and 2 Degrees from buying and using Huawei telecommunications equipment for the 5g rollout they are planning with a bogus statement that it poses a national security risk to do so, without identifying just what and how they conclude this. Of course we can now conclude that this is simply rubbish, the arrest and capture of Meng Wanzhou CFO of Huawei is an act of Industrial warfare unseen anywhere until now and it invites Chinese retaliation with the arrest of U.S businessmen vistiting their factories in China…, why not charge them with espionage?? After all Chinese technology in many facets is superior to U.S. technology now despite the U.S. bluster about the Chinese stealing U.S. technology, hence SPARK/2 Degrees desire to use Huawai equipment in the 5g upgrade equipment they already use in the 3g networks. The GCSB concluded what they did becasue they were told to say it by Washington under which the GCSB is controlled. For New Zelanders it means our national security or spy agency works not to better and protect the interests of New Zealanders but it acts to advance the interests of the Americans.
However, our media is virtually silent on this subject, not even the plunge on Wall Street gets a mention. Mainly this is becasue the FED Plunge Protection Team rode into the carnage with money from thin- air to steady the collapse so their Wall Street mates didn’t all panic and all run for the door at the same time, but they soon will be as the U.S. debt crisis really starts to take hold. Thats all in the future. The FED also boosted the market sentiment and went dovish by saying that the scheduled lifting of interest rates was on hold something that Trump is onto as he doesn’t want a market collapse to occur on his watch nor the frailty of the American economy to become exposed.
Mean time lets hope our business executives are able to make the decisions they want with the backing of our government in support. We can but cross our fingers