Meet Xi Jinping, President For Life

James Corbett, March 24 2018

Let's just say I'm not holding my breath for China to swoop in and save us from the New World Order agenda anytime soon.

As you might have heard by now, Chinese President Xi Jinping has just appointed himself God Emperor For Life. Or, in Chinese Communist Party-ese: "The term of office of the State Council is the same as that of the National People’s Congress."

For those keeping track at home, that's the clause in the Chinese constitution that used to read: "The term of office of the President and Vice-President of the People's Republic of China is the same as that of the National People's Congress, and they shall serve no more than two consecutive terms." But the rubber-stamp congress just passed a constitutional amendment dropping that term limit, so, unlike his predecessors, Xi Jinping will be able to continue on as President after his second five-year term expires in 2023.

Or, in other words: Meet Xi Jinping, President For Life! Now, no one can say this was entirely unexpected. In fact, I raised the specter of Xi staying on after his second term in my editorial about last year's National Congress. But the fact that it happened so quickly, and with so little preparation of the public, seems to have caught everyone off guard.

So what does this move really mean? As you might have expected, the answer is "a lot," but not at all in the way you think. Allow me to explain.

You see, when it comes to actual political power in China, "President" is probably Xi's least important title. Well, OK, you could argue that "Paramount Leader"—being a made-up title that corresponds to no actual office— is the least important, depending on how you look at it. But whatever way you slice it, Xi's position as "General Secretary of the Communist Party in China" and "Chairman of the Central Military Commission" are where his real political clout come from, and even if he had stepped down as president in 2023 he would still be the effective leader of the country if he retained those two titles.

Confused? Welcome to the wacky world of the People's Republic of China!

In a nutshell, the Chinese presidency is a largely ceremonial office that grants very limited powers to its bearer. As the bastion of truthiness notes: "theoretically, the President serves at the pleasure of the National People's Congress, the legislature, and is not legally vested to take executive action on its [sic] own prerogative." In one-party China, "General Secretary of the Communist Party" is a much more important position, bringing with it a standing position on the ruling Politb...

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From Poisoned Spies to WWIII

James Corbett, March 17 2018

if there is a bright side, is that this incident probably won't lead to WWIII. Directly. Yet. But it is one more step along the path to outright conflict. And however much some might take solace in the fact that this is all a stage show between two sides that are being controlled by the same deep state forces...


Too Much?

Bob Rinear, March 14 2018

I don’t believe Trump wants war with anyone. I really don’t. But he stepped into a position that’s been created and maintained by war hawks for years on end. Afghanistan, Iraq, Vietnam, Syria, Lybia, you name it, and the Military/industrials love it.


America, China, and the Battle for the “Indo-Pacific”

James Corbett, March 10 2018

... the writing is on the wall: The neocons in charge of the American war machine have chosen India to be their next best hope for a potential roadblock to Chinese dominance in Asia, and they're re-naming the entire region just to prove it.


India’s Biggest-Ever Bank Fraud Unravels

James Corbett, March 3 2018

... let me tell you how delighted I am at your intimate knowledge of internal banking regulatory systems and the SWIFT protocol in general. And you're exactly right. This is where the story gets interesting.


What You Need to Know About Venezuela’s New Cryptocurrency

James Corbett, February 24 2018

So, what are we left with? A state-issued scam coin that is not "backed by oil" but by the government's willingness to accept it for taxes and "services". It will help Venezuelan tax collectors track down every transaction in the country's digital economy.


Meet the New Fed Chairman

James Corbett, February 17 2018

As always, the people know that the markets are rigged, that the dollar is a paper promise with nothing to back it up, and that the central bankers and their financier cronies are not the "Wizards of Wall Street" but the "Wizard of Oz," i.e., little men behind a curtain desperately trying to distract the public with their hocus pocus parlor tricks.


So, what isn’t fake?

Bob Rinear, February 14 2018

No matter where we look, we see it. The media lies, the politicians lie, the markets get rigged, and we’re left to try and navigate through this mess. It gets frustrating. You find a stock that should be trading considerably lower. Their balance sheet stinks like 5 day fish.


Memo Mania

Bob Rinear, February 7 2018

So Flynn pleads guilty to making false statements and the Judge accepts the plea. But then shortly after that judge was taken off the case, with no public reason given. But wait this all gets better. Really.


Naked Positions

Bob Rinear, January 31 2018

...selling naked puts is a very profitable thing to do if you are right in your assumptions of where the stock is heading. If the trade goes sour will lose money quickly.


The Financial Press Just Admitted the Markets are a Sham

James Corbett, January 20 2018

... investors who have been riding the waves of BOJ-fueled euphoria in the rising Japanese stock market are now freaking out that the central banksters are getting ready to take the "punch bowl" of central bank funny money.


What are the options?

Bob Rinear, January 17 2018

There are all sorts of options plays you can have fun with. I suggest that 90% of the people should stay with the absolute basics of trading options, and that simply means buying call options if you think a stock is going to rise. It means buying a put option if you think the stock is going to fall.


Privacies You Didn't Know You Lost

James Corbett, January 13 2018

But for those worrying over the potential for the Big Brother police state to read your thoughts and arrest you for thought crime in real time... relax.


Absurdity is the New Normal

Bob Rinear, January 10 2018

We’re mired in a global debt and derivative “bomb” that is Mathematically impossible to get rid of. We’ve got quadrillions in derivatives and even the best experts suggest that they have no way of knowing how many millions of people would be affected by the failure of just a tenth of them.


New Year’s Predictions (That Won’t Come True)

James Corbett, January 6 2018

...without further ado, I present five ridiculous new year predictions that I guarantee will not actually happen this year!


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