From a comfortable position thousands of miles away from the White House (he has reportedly been spending a lot of time in Europe lately), former White House Chief Strategist Steve Bannon has embraced a stance toward Beijing that’s somewhere to the right of John Bolton. Bannon calls himself a China “superhawk”, which helps make President Trump’s tough stance look moderate by comparison, while pro-business negotiators like Steven Mnuchin look like sinophiles.
Bannon used two recent interviews with CNBC to explain his hostility toward Beijing. His argument boils down to this: for too long, Washington has allowed Beijing to get away with its anticompetitive subsidies and market protections, while the MSS steals whatever technology isn’t deliberately handed over by American companies hoping to enter the world’s largest growth market. Instead of fighting back, Washington has sat idly by as American money and corporations helped transform the Chinese economy, giving the Chinese the tools to stand up to the US.
But now that Beijing is making serious strides toward achieving its goal of supplanting the US as the world’s top military and economic power, the White House can’t afford to be silent any longer, which is why Bannon believes Trump “won’t back down” during the trade war.
Expanding on this theme during an interview with the South China Morning Post, a Hong Kong-based newspaper whose owner has ties to the Communist Party, Bannon explained that driving Huawei out of Europe and the US is “10 times more important” than striking a trade deal.
“It is a massive national security issue to the West,” Bannon said, in a phone interview on Saturday with the South China Morning Post. “The executive order is 10 times more important than walking away from the trade deal. It [Huawei] is a major national security threat, not just to the US but to the rest of the world. We are going to shut it down.”
Despite being largely shut out of the US and a handful of other international markets, Huawei has made inroads in Europe, where governments have tentatively cleared domestic telecoms firms to use Huawei products in the construction of their 5G networks. The Trump Administration has warned that using Huawei parts could invite spying by Beijing, though Huawei has denied it would ever cooperate with the government against its customers and has promised to sign “no spying” pledges. Of course, Chinese law stipulates that Chinese companies must help the state when asked.
The interview took place earlier this week, shortly after President Trump announced a brief waiver that will keep Huawei off the Commerce Department’s “Entity List” for 90 days. Once the prohibition takes effect, however, the Chinese telecoms giant won’t be able to buy components from American firms. It also took place before reports that leaked late Tuesday claimed the administration was weighing whether to add more Chinese companies to the “Entities List”.
Going one step further, Bannon said his ultimate goal is to shut Chinese companies out of American capital markets, something that would horrify Wall Street and the investment bankers whom Bannon has accused of being moneymen for the Communist Party.
“The next move we make is to cut off all the IPOs, unwind all the pension funds and insurance companies in the US that provide capital to the Chinese Communist Party,” he said.
“We’ll see a big move on Wall Street to restrict access to capital markets to Chinese companies until [they agree to] this fundamental reform.”
Trump made a huge mistake last spring when he intervened to lift restrictions on ZTE.
“During the trade talks’ early stage, he [Trump] gave a waiver for ZTE, which I think was a mistake,” Bannon said.
The crux of Bannon’s argument is that by engaging Beijing in an all-out “economic war”, Washington might succeed in forcing the Communist Party leadership to make certain structural reforms. Bannon doubts this will be resolved quickly: “I don’t think it’s going to be resolved quickly. This is the beginning of a very long and tough process.”
But regardless of the outcome, Bannon believes the US – including its bankers and corporations – can no longer afford to coddle Beijing. “The pressure we will keep up will be relentless. We are not going to be quiet.”
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Hard to understand whats going on with this … but isn’t Huawei phones based on Google’s Andriod operating system: https://www.gsmarena.com/huawei_p30_pro-9635.php
I just heard that Google (the search engine part) recently started blocking access to Huawei phones. Looks like Google perceives Huawei to be more of a competitor.
This takes me back to Nixon Kissinger era and all that has transpired since.
My take is China with its one child policy and opening trade made the recommended changes to facilitate eventual parity promised with the Nixon diplomacy.
“We opened to China … in order to introduce an additional element of calculation for the Russians, for the Soviets. And also, to give our own people hope that in the period of the Vietnam War and domestic divisions, their government had a vision of a peaceful world that included elements that had been excluded.
“Those were our two principal objectives. And they were achieved because China had the same objective from its side.”
“Previously, the Nixon initiative was described as (A) protecting China from a Soviet attack, (B) beginning the isolation of Taiwan and (C) opening China to Western trade and investment — all objectives of Beijing. In return, the United States expected (A) China’s help in arranging a graceful exit from Vietnam, (B) a reduction in Beijing’s anti-U.S. animus and (C) serendipitously, an easing of relations with Moscow.”
“Notwithstanding Kissinger’s positive evaluation of the results, China achieved all three of its objectives and the U.S. got none of what it wanted. Not a sterling diplomatic accomplishment, then, and the policies Kissinger has espoused since have only made more inevitable “the key problem of our time.”
“Remarkably, the man who has advised every U.S. president since Nixon and every Chinese leader since Mao is still at it. Fortunately, it appears President Trump is embarking on a path of his own, one more likely to bring about the positive changes in China that Nixon originally envisioned.”
Bannon gets the “key problem of our time”.
It is not apparent to me how to factor in (((them))).
“It is not apparent to me how to factor in (((them))).”
Look at how communists China came to exist, and specifically the composition of the (((Soviet))) delegation that helped make it happen.
Look at modern relations between Israel and China. Israel uses their intelligence apparatus to steal technology for China. What Israel gets is less clear.
Look at the number of Jewish women today, married to Asian men, with half-Asian Jewish kids. It’s not a small number.
If I had to guess, I would guess the Tribe is preparing to jump to a new host.
It would be a smart move as the golden calf runs out of blood. That said, you’d think it would be difficult to play the “fellow Chinese people” trick when they look nothing alike.
Kissinger was a floating Globalist turd product of the House of Rockefeller punch bowl. He graduated from Harvard in 1950 as a ‘Rockefeller Foundation Fellow in Political Science’, in 56 he was ‘invited’ by the Rockefellers to join the Council on Foreign Relations (CFR), where he became a pre-ordained shaker and mover. Oh yea, the Rockefeller grooming continued and Kissinger became a FREE TRADE advocate visiting China in 71 under the Tricky Dick…negotiating the Red Chicoms ‘most favored nation status’ allowing Chinese goods to eventually pour into the US free of charge. Kissinger was with Winston Lord, a member of the National Security Staff Council when they made the deal. Lord was another Rockefeller CFR bobbing turd who later became CFR President.
By the time Nixon got there all the cards were dealt and agreed upon. Tricky Dicky was there for the photos and the praise. The opening of China was all by Rockefeller/Council on Foreign Relations design. The treaty, which most of Congress surely got their cut for in ways that would be impossible to prove, was ratified.
Everyone made out like a bandit…except the American people.
David Rockefeller gloated: “The Chinese are not only purposeful and intelligent but they also have a large pool of cheap labor so they should be able to find ways of getting trading capital.”
No shit, who steps in but the Globalist Loan Sharks called the IMF/World Bank…which proceeded to supply the Commie country endless billions in TAX FREE LOANS to build the factories that will over time and endless loans and then profit…replace the American ones.
GOODBYE, MADE IN AMERICA. POOF!!!!
Manufacturing plants sprouted up all over China with Globalist money (the Rockefellers/CFR gleefully rubbing their hands together opening the bankster spigot).
Chinese woman working in the Timberland Shoe Company in Guangdong Province worked 14 hour days for .22 cents an hour and were thrilled to be so over payed. At another factory making Kathie Lee Gifford handbags for Walmart, some of the most important workers made up to $7.00 dollars a week!
Then comes the World Trade Organization, The NAFTA Nightmare and the American Middle Class got a a gravel voiced Kissinger with their generational ongoing screwing.
If there ever was a Globalist lackey and traitor to US…who in reality should be vilified it is Henry Kissinger.
Kissinger dedicated his book, ‘White House Years’ to David Rockefeller describing him as “The single most influential person in my life”.
All those Presidents were either listening to or where in bed with a Globalist viper.
Just my two American Eagles. One Gold and one Silver.
Mark!
Thank you for that short history lesson!! Amazing and fits nicely in with what I’ve been saying over on the Us vs. THEM threads
Plato,
You bet buddy!
From 2000 to 2010 we lost 3 million private sector jobs and 5.5 million manufacturing jobs (1 out of 3 American Factory workers were laid off).
You can lay that at the feet of the Rockefellers (and other Globalists undertakers) and the hydra headed Council On Foreign Relations (CFR) that the Rockefellers have dominated for generations.
The CFR meets 20 times a year, has dozens of committees working on worldwide ‘issues’ and ‘policy’. No written record of their agendas or who attendees the 20 meetings and who is on what committee is ever, ever, ever made public.
If you are ‘invited’ and ever talk about anything to anyone outside the CFR about the CFR you are instantly no longer a member, gone, disowned and you best do one of four things:
1. Shut up for the rest of your life
2. Get bodyguards
3. Disappear
4. All of the above
The individuals who were CFR members and who were on President’s cabinets and staffs is sickening. I have them all by President…but Trumps. Will dig into his ASAP.
The invisable hand is really a CFR claw.
@mark: agreed..
kind of hard to compete against slave labor…
And 20 Lucerifian bankster families who own most of the world, run the American government, and sit on satan’s lap.
A customer of mine made his money in secure computer hardware. His company was sold to a Taiwanese tech company – for whom he stayed on as an exec. He’s a Trump opponent. I asked him about Trump’s stance on Huawei, expecting him to say that Trump is being unnecessarily belligerent. Instead he said that thought it made sense – that letting Communist China build out your telecom infrastructure wasn’t a good idea.
I get his point. China has been engaged in industrial espionage (as have all countries)on a massive level. Huawei has supposedly installed components in their chips that assist in their espionage. “Huawei could be compelled to help Chinese government entities spy on, manipulate, or entirely deactivate 5G systems in other countries, especially during a war-like scenario”. “Huawei code has a lot of vulnerabilities”. “5G systems can provide valuable signals intelligence for espionage, and knowledge of how to access that intelligence therefore amplifies that advantage”.
https://psmag.com/social-justice/what-national-security-risks-does-huawei-pose
Every router has a “back door” built in that allows access through the console port…
At work. No time for research.
Whatever happened to that female China girl related to Huawei executive, that the U.S. had arrested and detained up in Canada a few months back?