#OpinionArticle
The Enigma of the World Bank
(15 Nov) The World Bank announced that due to allegations that its loan programs have been misused by China to suppress the human rights of #Uyghurs in Xinjiang, they axe loans to China by half to avoid public criticism. They said that it is too remotely distant to verify and so far there is "no" substantial evidence to support the allegations.
The World Bank is an absurd organization. It has over 12,000 loan programs globally. China is the biggest debtor, followed by India, but at the same time, China is the biggest coins scattering country in her One Belt One Road initiatives.
If Li Ka-Shing [real estate tycoon] were to donate $50 billion on the mainland, and his foundation donates close to $100 billion in China, Hong Kong and all over the world, then Li Ka-Shing shouldn't be asking Sun Hung Kai [another real estate conglomerate] for a $30 million loan to fund 3 months worth of catering for his staff at CK Asset Holdings.
Why does it happen? Common sense tells us that something dodgy must be going on.
Many of the international, multinational finance organizations led by Wall Street elites bear the humanitarian aid flag to breed a brood that crisscrosses first-class flights — it could be Geneva today and Singapore tomorrow, following up an inspection trip to New Guinea the day after tomorrow with a stopover in Shanghai to enjoy gourmet food, call a video conference, then return to the US headquarters, prepare a report, mark a signature, and release tens of millions of US dollars.
In an organization like this, who exactly is the boss? Every item of expenditure in a private enterprise, for example, if it is under bosses Li Ka Shing or Sir Run Run Shaw, would have been clearly justified and accounted for. However in a so-called international organization headed by some quoin assignment board of directors who hire another group of humanitarian elites facing many authoritarian leaders in the world putting out a hand for money. The process can be undoubtedly extremely interesting.
Ever since the Clinton era, the US and Europe have been littering with many of such intra-governmental clumsy ballooning organizations. MBA graduates of prestigious universities in the West join Wall Street while those who study sociology enter these intra-governmental organizations. They are fellows of the closed kin blue blood circle of the elites. Whenever they speak, they cite to throw out sets of textbook theories to dwarf people but in practice, it only needs a wink with each other for getting everyone rich.
The World Bank stated that they had been to #Xinjiang for inspection but "couldn't" find evidence. When Nixon first visited China, he claimed that the Chinese citizens he met from Beijing to Shanghai were all living ‘happily’. The Chinese tourists he saw on the Great Wall were each carrying a transistor radio on their hands.
Are these academic elites really dumb or they treat everyone in the world as idiots?
Excerpt: Apple Daily
https://hk.lifestyle.appledaily.com/lifestyle/columnist/陶傑/daily/article/20191115/20806363/
#ChipTsao #Finance #WorldBank #HumanRights #OneRoadOneBelt
The Enigma of the World Bank
(15 Nov) The World Bank announced that due to allegations that its loan programs have been misused by China to suppress the human rights of #Uyghurs in Xinjiang, they axe loans to China by half to avoid public criticism. They said that it is too remotely distant to verify and so far there is "no" substantial evidence to support the allegations.
The World Bank is an absurd organization. It has over 12,000 loan programs globally. China is the biggest debtor, followed by India, but at the same time, China is the biggest coins scattering country in her One Belt One Road initiatives.
If Li Ka-Shing [real estate tycoon] were to donate $50 billion on the mainland, and his foundation donates close to $100 billion in China, Hong Kong and all over the world, then Li Ka-Shing shouldn't be asking Sun Hung Kai [another real estate conglomerate] for a $30 million loan to fund 3 months worth of catering for his staff at CK Asset Holdings.
Why does it happen? Common sense tells us that something dodgy must be going on.
Many of the international, multinational finance organizations led by Wall Street elites bear the humanitarian aid flag to breed a brood that crisscrosses first-class flights — it could be Geneva today and Singapore tomorrow, following up an inspection trip to New Guinea the day after tomorrow with a stopover in Shanghai to enjoy gourmet food, call a video conference, then return to the US headquarters, prepare a report, mark a signature, and release tens of millions of US dollars.
In an organization like this, who exactly is the boss? Every item of expenditure in a private enterprise, for example, if it is under bosses Li Ka Shing or Sir Run Run Shaw, would have been clearly justified and accounted for. However in a so-called international organization headed by some quoin assignment board of directors who hire another group of humanitarian elites facing many authoritarian leaders in the world putting out a hand for money. The process can be undoubtedly extremely interesting.
Ever since the Clinton era, the US and Europe have been littering with many of such intra-governmental clumsy ballooning organizations. MBA graduates of prestigious universities in the West join Wall Street while those who study sociology enter these intra-governmental organizations. They are fellows of the closed kin blue blood circle of the elites. Whenever they speak, they cite to throw out sets of textbook theories to dwarf people but in practice, it only needs a wink with each other for getting everyone rich.
The World Bank stated that they had been to #Xinjiang for inspection but "couldn't" find evidence. When Nixon first visited China, he claimed that the Chinese citizens he met from Beijing to Shanghai were all living ‘happily’. The Chinese tourists he saw on the Great Wall were each carrying a transistor radio on their hands.
Are these academic elites really dumb or they treat everyone in the world as idiots?
Excerpt: Apple Daily
https://hk.lifestyle.appledaily.com/lifestyle/columnist/陶傑/daily/article/20191115/20806363/
#ChipTsao #Finance #WorldBank #HumanRights #OneRoadOneBelt
In regard to the USA-Taiwan relationship, the Secretary of Defence, in coordination with the Secretary of State, shall conduct a review of whether the China or the CCP are affecting Taiwan through any means, including through military, economic, information, digital, diplomatic, or any other form of coercion that may affect the security, or the social and economic system of the people of Taiwan; the military balance of power between China and Taiwan; or the expectation that the future of Taiwan will continue to be determined by peaceful means.
The provisions in relation to USA-Taiwan Defence relationship include support Taiwan to acquire defence articles and services through military sales, exchange in defence staff officers, and expanding cooperation in humanitarian assistance and disaster relief, disaster response planning and preparedness. The Secretary of Defence should continue regular transits of United States Navy vessels through the Taiwan Strait and encourage allies and partners to follow suit.
#ChinaInterference #TaiwanPresidentialElection #OneRoadOneBelt
#USA #Taiwan
Sources: LTN TW(10-Dec)
https://news.ltn.com.tw/news/politics/breakingnews/3004725
https://docs.house.gov/billsthisweek/20191209/CRPT-116hrpt333.pdf (original source document)
The provisions in relation to USA-Taiwan Defence relationship include support Taiwan to acquire defence articles and services through military sales, exchange in defence staff officers, and expanding cooperation in humanitarian assistance and disaster relief, disaster response planning and preparedness. The Secretary of Defence should continue regular transits of United States Navy vessels through the Taiwan Strait and encourage allies and partners to follow suit.
#ChinaInterference #TaiwanPresidentialElection #OneRoadOneBelt
#USA #Taiwan
Sources: LTN TW(10-Dec)
https://news.ltn.com.tw/news/politics/breakingnews/3004725
https://docs.house.gov/billsthisweek/20191209/CRPT-116hrpt333.pdf (original source document)
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美國防授權法要求 在台灣大選後45天內提中國干預報告 - 政治 - 自由時報電子報
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