How China Escaped Banker Shock Therapy w/ Cynthia Chung
Video Overview & Insights
Subscribe to Cynthia Chung's Substack: https://cynthiachung.substack.com/
00:00:00 Introduction
00:00:21 Cynthia Chung's links and background
What about legalism as a Chinese mindset, it's not only Confucius...
00:01:13 Setting up China's economic history
00:02:40 The 2008 financial crash and Inside Job
Outstanding
00:04:45 Hank Paulson: Goldman Sachs to Treasury Secretary
00:06:50 Origins of China's social credit myth
ummm you know and ummm like uhhh
something off about this lady, is she a bot or something?
00:07:45 Alibaba, Tencent and Goldman Sachs ties
00:10:10 What are peer to peer loans
China is awesome.
00:14:52 China shuts down predatory lending, Jack Ma sidelined
00:18:37 Gladio and psychological warfare narratives
Good job
00:20:03 What China actually looks like today
00:22:53 Stability versus competition in China
China had a benefit of watching self-destruction of USSR and immense suffering of the people after "shock therapy" which simply robbed the country of all assets.
00:25:22 How China escaped shock therapy
00:26:43 Crossing the river by feeling the stones
China will rescue the world.
00:29:53 Decentralization and fierce competition
00:31:57 Government's role in daily life
Greetings from Australia
00:33:43 The bird in a cage theory
00:38:24 Confucianism and resistance to extractive capitalism
❤❤❤💯✌️
00:46:51 Should the West fear China's rise
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Would like to know more detail of the mechanics of how the peer to peer lending was abused? On the surface, it could be a good thing. Jack Ma it was thought, was a good guy and got the impression that Xi Xing Ping wanted to control the excessively rich. The control, it was thought was to prevent uprisings from poorer citizens who resented the extremes of wealth imbalance. China potentially had more to fear from within than from the West, that is, is mass resentment developed.
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Our beliefs in the west have been contaminated with yahwehist ideologies.
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Meanwhile Putin sticks with Nabullina who follows every IMF, world bank, shock therapy procedure. Even in War time nabullina follows the "high interest rate" nonsense making US capital cheaper than rubles for Russian banks.
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All sounds very nice. Can't help wondering why the CCP bought into the covid lie, locked and even welded people in their homes, pulled their pets out and beat them to death with sticks.
It is now understood the whole evil thing was done by the Jewish government of USA.
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A TRUE WASTE OF TIME!!! What, you on we her money and you paid her back with sir time??? ANYBODY can READ and get the same information!! And where's the detail re SOCIAL CREDIT SCORE!! Find out about china via TV STTEAMING?;!; GET THE F OUTTA HERE!!!
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Suggestion for Cynthia- pls review this video - regular scratching of your eyes, etc. You can improve your presentation. Also your audience are just simple folks, so pls consider using simpler terms. Hope these are useful suggestions. Otherwise great imformation.
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Hank Paulson, if he were to move from CEO of the crime syndicate, Goldman Sachs, to Treasury secretary, he would be required to sell all his shares of Goldman Sachs awarded him as part of his compensation package. Paulson hesitated over that. W. Bush handed Paulson a written one-page document granting him a one time dispensation not to tax his capital gains from selling his Goldman shares. He saved $200.0 million in taxes. William K. Black was asked by H.W. Bush to oversee the unwinding of the failed S&L banks (caused by speculation in real estate) when it collapsed. He would only accept the position if he were permitted to prosecute every instance of fraud by senior executives of the banks. H.W. accepted that. Black turned over every instance of fraud to the DOJ which then prosecuted the cases. There was a 97% conviction rate- the largest of those banks run by Charles Keating who was convicted. 5 U.S. senators intervened on behalf of Keating to protect him but failed. William Black said prosecuting the senior executives of Wall Street for fraud in the 2008 collapse would have been a piece of cake and all of them would have been convicted preventing them from ever working in the financial industry again. Obama prevented the DOJ from investigating any of them. Wall Street was the biggest campaign contributors to Obama's campaigns.
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China didn't escape anything.
The Chinese economy is in decline.
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Gangster globalist's run the world...and the very worst are at the very top of the pile...and i'm not sure if they are wholly human.
Amazing music contribution from Peter Brown.
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You have to be careful with anyone who talks about control systems that regulate by collective policy. A truly free regulatory system is one in which the People have the last say via juries. We are all caged by our own minds. Don't let the cage of others drive your policy and freedoms.
More User Perspectives
"The World Order has absolutely collapsed. No Rules of International, or Constitutional Laws apply". "Washington DC does not abide by Constitutional or International Laws, only by its own Rules based Order" Fyodor Lukyanov Research Director for the Valdai Discussion Group of the Russian Federation.
@aneurindavies5943i was in china in 2014 and see that the west is 10 years behind !
@paulcutajar1354Russia is losing the war!
@AndréDeVos-y8fThank you 🙏 ❤
@ElenaBailey-e5xVery interesting discussion - bravo👏
@roypedersen5212The elders are doing well in the west, USA part in my experience, so maybe the geust lady is a person who's paid to muddy the water on these kinds of issues, either way, after hearing such absurdities in tuned out, peace from Pittsburgh Pa ladies and gents nevertheless.
@BudNotbuddy-q5mPlease, China protect yourself from western “ democratic values “
@dorotapogubila4427What a fantastic interview, lesson, program! What the rest of us suspect, you both put into words. And of course, Con fu tze is a great philosopher who died ten years before Socrates was born. Yes. The Holy Spirit is the greatest ecumen.
@ann-christinkristiansson8948Great guest, great discussion and history lesson - 10/10
@channelcreatedtoallowmetoc4150At 2:53: China escaped shock therapy (Milton Friedman economic reform - a sudden and dramatic implementation of free-market reforms to transition a planned or mixed economy into a capitalist one). In the case of the 2008 crash (the Inside Job documentary from 2010) was an actual operation in the sense that there were derivatives that were created as weapons of mass destruction, especially by investment banks such as Goldman Sachs...creating derivatives that they had also fought along with people like Alan Greenspan and so forth to not be regulated at all. And this allowed for a weaponization where it was essentially the largest bank heist (robbery) in history, and they were allowed to create a lot of profits off of things that were not creating anything, it wasn't real money (but profit from rent-seeking). ... There was basically a purposeful crash of the system.
@toveirenestrand3547Un podcast de grand intérêt. merci.
@marchaelemeersch8653Great guest, along with Alex at reportfy they help dismantle all the rubbish we get fed in the west about China.
@tonyesposito2627Great and important conversation.we need more regulations for criminals and more encouragement for morality and responsibility.
@ionutsfetcu4550Cheers from London ❤
@SeanPercival-mr4xkExcellent interview showing what's going on behind the scenes and why China acts the way it does
@simonrodijk3126The Duran gave me an excellent idea !
@plwn6468Brilliant discussion as ever
@DocSinghTingChyna........ Thank you for your attention to this matter.
@jb1528-s4gThis woman has done a Piss Weak Account of what Jack Ma intended to do in China!!!
Jack Ma was USA's Trojan Horse to Destroy China's Economy, by giving Predatory Loans to Chinese Citizens, that the Chinese Banks Refused Loans to, because they were High Risk!!!
Not only that, Jack Ma had it Rigged, that if these Chinese Citizens Defaulted on these Loans, the Chinese Banks took the Loss, not Jack Ma!!!
Very interesting. Thanks.
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Wake up nothing is about kindness for Ukraine by the Globalist😂
NWO is for real
New World Order is Bilderberggroup there are Deep State and Trilliterala Commission/ Soros working for them
EU/Agenda2030= Rule the world… take out Russia enabling take out ALONE China
Cynthia Chung has a podcast with Matt Ehret, who was a guest at The Duran Boys under the title "How Occultists and Bankers Manufactured WW2 Germany w/ Matthew Ehret!" That interview was filled with too much pretended over-intellectualization of history mixed with much too unclear propaganda for me to take it seriously. In other words it was a lot of political mumbo jumbo, in my opinion.
Cynthia Chung talks about "Social credit". It primarily refers to China's Social Credit System, a government initiative designed "to monitor and evaluate the trustworthiness of individuals, businesses, and government entities."
Social credit is a distributive philosophy of political economy developed in the 1920s and 1930s by C. H. Douglas. Douglas attributed economic downturns to discrepancies between the cost of goods and the compensation of the workers who made them. To combat what he saw as a chronic deficiency of purchasing power in the economy, Douglas prescribed government intervention in the form of the issuance of debt-free money directly to consumers or producers (if they sold their product below cost to consumers) in order to combat such discrepancy.
China uses blacklists and "redlists" (whitelists) to enforce compliance and legal integrity. Those who fulfill legal obligations are rewarded, while those who violate laws or regulations (such as defaulting on debts or violating business contracts) face penalties. That sounds a lot like China is evaluating credit worthiness based upon political issues, instead of economical and or financial basis.
Cynthia Chung talks a lot about Alibaba, but she "forgets" to mention what happened to Alibaba founder Jack Ma, why and by whom. This interview is very similar to The Duran Boys` Matt Ehret interview. Also this interview was filled with too much pretended over-intellectualization of history mixed with much too unclear propaganda for me to take it seriously. In other words this interview with her was also just a lot of political mumbo jumbo, in my opinion.