Well it's not like they had to demand very hard
Posted on 03/13/2023 3:36:55 AM PDT by dennisw
Now Biden FDIC and Federal Reverse Are Bailing It Out – Clearly Biden Is Working for China
The Silicon Valley Bank has served as a huge bridge to China and Chinese tech engineers. Is this why the corrupt Biden Gang is bailing it out?
Just this morning the US House reported that they have the goods on the Bidens’ corrupt and criminal actions with China. The Bidens are in bed with the corrupt China regime and the House has the evidence. The Bidens were receiving money from the CCP.
Related to this is the failing Bank, the Silicon Valley Bank which provides massive amounts of funding to the China venture capital sector. The South China Morning Post noted the bridge between the bank and China.
The collapse of Silicon Valley Bank (SVB) has created a sense of panic within China’s tech start-up and venture capital (VC) sector, as the lender served as a bridge between US capital and Chinese tech entrepreneurs.
As of Sunday afternoon, topics related to the collapse of the bank, including “SVB bankruptcy has spread to multiple countries” and “SVB bankruptcy affects Chinese entrepreneurs”, were trending on Chinese microblogging site Weibo, with posts receiving hundreds of millions of views.
“Is the 2008 Financial Crisis happening again?” said a Weibo user with the handle MaxC.
China is the second largest venture capital market and SVB was right in the middle of it according to Tech Crunch.
China, the world’s second-largest venture capital market. Across social media platforms, investors and startups are rushing to share news articles on the fiasco and thoughts on how to prevent such a catastrophic moment. For some companies, however, the impact is tangible.
(Excerpt) Read more at thegatewaypundit.com ...
ACT CHECK: DID BUSH SUPPORT CHINA JOINING THE WORLD TRADE ORGANIZATION?
7:29 PM 09/11/2017 David Sivak | Fact Check Editor
Former White House chief strategist Steve Bannon claimed in an interview Sunday on CBS’s “60 Minutes” that former President George W. Bush let China join the World Trade Organization (WTO).
Verdict: True
The Bush administration backed China’s membership in the WTO.
Fact Check:
In the interview, Bannon framed American support for China joining the WTO as a mistake that contributed to China’s rise as an economic competitor.
“The elites in this country have got us in a situation,” lamented Bannon. “The geniuses in the Bush administration that let China in the WTO, and genius in the Bush administration told us, ‘Hey, they’re gonna be a liberal democracy. They’re going to be free-market capitalism.’ Okay? The same geniuses that got us into Iraq, that’s the geniuses of the Bush administration.”
China gained admission to the WTO in 2001, a move that more fully integrated the country into the world economy. To become a member, China committed to reducing agricultural and industrial tariffs and abide by rules-based trade with other WTO members.
The Bush administration supported membership for China, arguing it would push the country towards liberal reforms and benefit the U.S. economy. “For businesses and workers and farmers it will mean lower trade barriers and important opportunities for U.S. exports and more work and jobs for United States workers,” Bush said in a speech around that time. ”For the people of China it holds out the hope of more open contact with the world of freedom.”
China began enacting economic reforms in 1979 that, among other things, opened the agriculture sector up to free market principles and slowly eliminated price controls in parts of the economy. Although the country has moved towards free
Well it's not like they had to demand very hard
“Screw you.” - Steve Bannon, 3/13/2023
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.