Interesting. No, I hadn’t seen the Meng part or the story. Thanks for posting.
Newsom is total scum. By the way, he is currently delinquent on his property taxes which has been a story on the local radio for the last few days.
Senate passes bill on oversight of Chinese companies, Alibaba shares move lower
PUBLISHED WED, MAY 20 2020
The bill would require companies to certify that “they are not owned or controlled by a foreign government.”
The legislation also stipulates that if American regulators are unable to inspect the company’s audits for three consecutive years, the firm’s securities will be banned.
Its passage in the Senate reflects the anger among U.S. lawmakers toward China and what many regulators say is a disregard of American financial disclosure standards.
In the first quarter of 2020, the dollar’s share of trade between Russia and China fell below 50% for the first time on record.
The greenback was used for only 46% of settlements between the two countries.
The euro made up an all-time high of 30%, while their national currencies accounted for 24%, also a new high.
Analysts at Goldman Sachs recently warned that the US dollar’s status as a reserve currency is at risk due to ballooning fiscal deficit, a potential shift in favor of inflation at the Federal Reserve amid increased geopolitical hostilities, domestic unrest, and a resurgence of coronavirus
https://www.fxstreet.com/news/china-and-russia-ditch-us-dollar-202008070252
Gordon G. Chang
@GordonGChang
A #Twitter friend in #China just told me his wife had an appointment at their bank to buy $1,000 with renminbi. The bank could only get $400 for her, and they told her she could never again buy dollars from any location. The dollar shortage is severe.
Jim Rickards
@JamesGRickards
Time for honesty. My estimate is Biden is pushed out of the race within two weeks. His delegates will be released. A small group (Tom Perez, Valerie Jarrett, John Podesta, Donna Brazile, Philippe Reines) will hand-pick a nominee supported by super-delegates. Then the race begins.
Crisis in #Lebanon: Anatomy of a Financial Collapse”
Without reform, #Lebanon could descend into chaos, hyperinflation, and social disorder.
@JamesGRickards
explains why: https://bit.ly/31sA9GW
https://mobile.twitter.com/jamesgrickards
Don’t we know the Dems can avoid taxes with NOTHING being done to them?????
They know they have the fake votes.....so no one can get them out of power.
But there’s a God who is waiting for them...