Behind the scenes China is owning the world inch by inch, treaty by treaty, purchase by purchase and strategic pivot by strategic pivot. PAY ATTENTION TO THIS STORY – it does not appear in ANY MSM media or Foreign Media operating in the US. Shocking!
Published on Jul 30, 2019
In this episode of the Keiser Report, Max and Stacy discuss JP Morgan’s recent report for their private wealth clients asking, “Is the dollar’s ‘exorbitant privilege’ coming to an end?” The bank makes the case that the rise of China will dent this privilege. They present data that demonstrates China was, for thousands of years, a major share of world trade until its encounter with the then narco-state of Great Britain in the mid 1800s when the UK and the East India Company used military force to impose opium unto the population. China’s military defeat sank the country into rapid economic decline from which they are only emerging. JPM recommends reducing client exposure to the dollar and increasing exposure to gold and Chinese renminbi.
In the second half, Max talks to China expert, Dan Collins, who discusses what to expect from the US trade delegation visit to Beijing. They also look at the rise of China as a rival power to the US with the new military bases and the rumors of a new port city being built in the Pakistani state of Balochistan, across the Gulf from Saudi Arabia.