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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: sense who wrote (174265)7/6/2021 1:38:32 AM
From: TobagoJack  Read Replies (1) | Respond to of 217836
 
Never cared for either Warren or Charlie, but gad, let me rephrase my question re the Rise of the Moors and where your side of the shore get them from, and apply the same question to Charlie Munger

per where do you get Charlie from?

Did not fact-check Epoch, but never mind, close enough for the fun of it.

I can recommend cultural revolution and counter-cultural revolution, for if the reportage is true or close to true, then the toxin is deep and wide.

zerohedge.com

Billionaire Investor Charlie Munger Says US Should Learn From China's Authoritarianism

Authored by Frank Fang via The Epoch Times,

U.S. billionaire investor Charlie Munger, vice chairman of Berkshire Hathaway, praised China’s communist regime for its silencing of Alibaba founder Jack Ma.

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“Communists did the right thing,” said Munger on what the Chinese regime did to Ma, in an interview with CNBC on June 29.

Munger, a longtime business partner of Warren Buffett, said the Chinese Communist Party (CCP) “just called in Jack Ma” and told him “you aren’t gonna do it, sonny,” pointing out that the Chinese tech billionaire was looking to “wade into banking” and “just do whatever he pleased.”

“I don’t want the, all of the Chinese system, but I certainly would like to have the financial part of it in my own country,” Munger said.

Ma had publicly criticized China’s financial industry in October last year, when he said that Chinese banks had a “pawnshop mentality” and added that the Chinese finance sector “basically doesn’t have a system.” After making the remarks, Ma disappeared, before making his first public appearance in January.

Meanwhile, the Chinese regime launched an antitrust probe against Alibaba in December last year, before slapping a fine of $2.8 billion on it in April for anti-competitive tactics. In response to the fine, Alibaba issued a statement saying the company was “full of gratitude and respect” since it “would not have achieved our growth without sound government regulation and service.”

Alibaba’s affiliate Ant Group has also been targeted. In April, Chinese regulators demanded the fintech group undergo a restructuring overhaul, five months after the company’s $37 billion initial public offering (IPO) in Shanghai and Hong Kong was suspended.

Munger also criticized the U.S. free-market economy.

He explained,

“Our own wonderful free enterprise economy is letting all these crazy people go to this gross excess,” meanwhile the Chinese regime “step[s] in preemptively to stop speculation.”


Additionally, Munger praised China’s response to the COVID-19 pandemic, saying that as a totalitarian state, the Chinese regime could “simply shut down the country for six weeks.”

“That turned out to be exactly the right thing to do. And they didn’t allow any contact,” Munger said.

The Chinese regime took draconian measures to stop the spread of the CCP virus, the pathogen that causes the disease, after concealing the outbreak the outbreak by silencing whistleblower doctors. These measures included sealing off residents’ doors and forcing people to take unproven COVID-19 drugs.

In January, Human Rights Watch called out these draconian measures, urging the Chinese regime to stop its campaign against people seeking redress for abuses linked to the outbreak.

“The Chinese government’s narrative that it has won the COVID-19 ‘war’ is conditioned on silencing those who speak out about failings in the government’s pandemic response and abuses committed under the pretext of stopping the spread of the virus,” said Wang Yaqiu, China researcher at Human Rights Watch, in a statement.


Some Chinese citizens have filed lawsuits against government officials in Wuhan, the epicenter of the CCP virus outbreak last year, over their handling of the outbreak.

Munger has been open about his admiration for the Chinese regime in recent months. During a shareholders meeting in May, he praised the Chinese communist leaders for how they allowed “businesses to flourish” and that there were now “a bunch of billionaires” in China.

In February, he told the annual meeting of the Los Angeles-based Daily Journal Corp., where he serves as chairman, that “the strongest companies in the world are not in America. I think Chinese companies are stronger than ours and are growing faster.”



To: sense who wrote (174265)7/6/2021 2:47:17 AM
From: TobagoJack  Read Replies (2) | Respond to of 217836
 
Should I assume that the lawyer is a Biden or a Trump supporter?

Fact is that there are not a great many expat Trump supporters in HK who would bother to go on to the streets during a riot, as they tend to be making too much money to be bothered w/ anything but. If they were out, and you know, likely on boat trips and such.

I am wondering whether the global conflict is actually between rich vs poor, north against south, lib opposite con, or the various shades of skin tone, and not between something and something else.

Time shall tell as the sorting progresses.

bloomberg.com

Hong Kong Court Jails U.S. Lawyer Over Scuffle With Policeman
Kari Soo Lindberg
6 July 2021, 12:24 GMT+8
A Hong Kong court sentenced a U.S. lawyer to prison for a scuffle with a plainclothes police officer at the height of pro-democracy protests in 2019.

Samuel Bickett, 37, was given a term of four months and two weeks on Tuesday on one charge of assaulting a police officer. The former Asia-Pacific compliance director at Bank of America Merrill Lynch was found guilty last month and denied bail.

Magistrate Arthur Lam described Bickett’s crime as a “serious threat to public order,” saying the policeman suffered multiple injuries. Lam said the two weeks were added to the sentence because the assault occurred in a crowded area and Bickett’s actions may have incited others to violence.

Hong Kong was rocked by large and sometimes violent demonstrations in 2019. Beijing responded by imposing a broad and vaguely worded national security law on the former British colony last year. It has also revamped the city’s election system and clamped down on media outlets.

A survey of members by the American Chamber of Commerce in Hong Kong in May found that more than 40% of respondents said they might leave the city, with Singapore among the most popular alternatives.

Lawmakers in the U.S. expressed concern to President Joe Biden last week over what they called China’s “ceaseless assault” on democracy in the former British colony. They asked Biden in a letter what his administration was “doing to coordinate with allies and partners to ensure that the private sector” knows about the risk to U.S. citizens and interests in Hong Kong posed by the national security law.

The U.S. State Department has an advisory urging Americans to reconsider travel to Hong Kong in place, citing “arbitrary enforcement of local laws and COVID-19-related travel restrictions..”

Bickett, who said the officer was attacking people with a baton in a subway station, wrote in a statement before his conviction that the verdict was “entirely unsupportable by both the law and the evidence in this case.”

Prosecutors said during the trial that Bickett tried to take a baton from Senior Constable Yu Shu-sang, punched him and knelt on him, the South China Morning Post reported.

(Updates with details of sentencing in second paragraph.)

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