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Friday, November 22, 2019

US's ‘Support Hong Kong Violence Act’ condemmed

https://youtu.be/D6bjbxpQEXY

https://youtu.be/CjtqiO8LZTU https://youtu.be/H4KneU4Q-Wg

The US Senate on Tuesday unanimously passed the "Hong Kong Human Rights and Democracy Act," a move that seriously tarnished sacred terms like "human rights" and "democracy." The bill's real title should be "Support Hong Kong Violence Act" as it has overtly taken sides with rioters who are destroying the rule of law in Hong Kong. And it has targeted the Hong Kong Special Administrative Region (HKSAR) government and Hong Kong police, who are struggling to prevent chaos from turning into anarchy.

The core of the new US bill is to oppose HKSAR government's efforts to stop violence, end chaos as well as to prevent the Chinese central government from saving Hong Kong under any circumstance. The most prominent clause subjects the city to an annual review for its special trade status, which would strip Hong Kong of the status.

Some opposition figures in Hong Kong stupidly kowtow to Washington and express their gratitude for US support for the radical protesters' "democracy struggle." But if the US imposes economic sanctions on Hong Kong, all Hong Kong people will have to bear the consequences.

Once the bill is signed by the US president, subtle changes will take place in Hong Kong's international business environment, because of the uncertainties caused by the US. American investors in Hong Kong will panic, and the city's geoeconomic status and function will be reevaluated.

Some may expect this to deter Beijing. Such thinking is naïve. Hong Kong is in a mess, but the country hasn't intervened so far.

Instead, the Chinese central government encourages the city to stop violence and end chaos under the leadership of the HKSAR government, solve the conundrum under the framework of the Basic Law and not use the provisions of the Basic Law for emergency situations.

However, if the chaos continues, even paralyzes the city and destroys ordinary people's lives, how can the central government not intervene?

Passing the act is the US attempt to disrupt the People's Republic of China's governance over Hong Kong, weaken the HKSAR government, and compel the police to be afraid of cracking down on radical rioters in accordance with the law.

The US is hoping that Hong Kong falls into disorder for a long time. If we take this US bill seriously and shrink from tackling riots, Hong Kong will suffer from an accelerated collapse of the rule of law and be erased from the modern world.

Hong Kong has long acted as an interface linking China and the West. The US move will undermine that function of the city. But no matter what challenges Hong Kong will have to face, it will be far better than what it faces now: Streets are full of roadblocks; subway stations are burned; schools cannot re-open; and many businesses are forced to stop.

If riots continue, Hong Kong is doomed. The threat from the US is much less than the damage the city is currently suffering.

What the bill brings is not fear, but anger. People see certain US politicians' malice against Hong Kong and the entire China between the lines.

It is believed that with the central government's support, Hong Kong will resolutely reject the US threat. Hong Kong's special trade status is entitled by the Basic Law. The US attitude does not represent the international community's. Hong Kong's future is bound to that of the entire China, instead of the US.

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China ready to  'fight back' over US  Hong Kong bill

https://youtu.be/jfgbg4Be4sA

China ready to  'fight back' over US  Hong Kong bill


US Senate's passage of HK 'rights act' condemned | The Star ...


image: https://apicms.thestar.com.my/uploads/images/2019/11/21/397785.jpg

Strong words: Yang said the passage openly supported protesters and radicals in Hong Kong and completely exposed the hegemonic nature of some politicians in the United States. — Reuters


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'We lied, we cheated, we stole', ‘the Glory of American experiment’ by US Secretary of State/Ex-CIA director Mike Pompeo

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US Secretary of State Mike Pompeo: "I was the CIA director. We lied, we cheated, we stole. We had entire training courses. It reminds you of the glory of the American experiment."

Pompeo said this at an event at Texas A&M University on April 15, 2019. Here is the official State Department transcript:https://www.state.gov/secretary/remar....

https://thegrayzone.com Support our original journalism at Patreon: https://patreon.com/grayzone Twitter: https://twitter.com/grayzoneproject Facebook: https://facebook.com/thegrayzone

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Blockchain: Internet of Value/ Currency of Trust; Private cryptocurrency a misallocation among blockchain technology, say research & economist



  • Blockchain embodies the internet of value. How will it revolutionize our lives and our pockets?

  •  And, we look at the qualities Blockchain needs to spark mass adoption.


https://youtu.be/oJGVvJS0A0I

Blockchain, one of the buzzwords in technology, is set to rise in China. Recently, Chinese President Xi Jinping underscored the fledgling technology as the country increasingly views Blockchain as key to future innovation. Has a digital game changer arrived? How will a boom in Blockchain impact our lives? Today we delve into the world of the new technology and talk to Don Tapscott, co-founder and executive chairman of the Blockchain Research Institute, to find out more.

https://youtu.be/DCLqWpXFE2o

Currency of Trust


Blockchain has the potential to be revolutionary. But, what hurdles must it overcome before it can hit the mainstream? In London, we invited Patrick McCorry, founder and CEO of PISA Research, a grant funded by a group of Blockchain companies, to decode this ever-changing world.

https://youtu.be/A2IDapvfUTM



https://youtu.be/41hPRCnUCtI

https://youtu.be/8H-pJ9hs9I4


Private cryptocurrency a misallocation among blockchain technology, says economist

Cryptocurrency is digital-based cash among the internet world nowadays. Born from blockchain, this kind of "currency" is blooming in terms of high privacy. Acknowledging that, Nobel Prize-winning economist and Harvard professor Eric Maskin commented that private cryptocurrency is a misallocation.

"The most important application of blockchain so far has been cryptocurrency, and that is a terrible misallocation. In my view, cryptocurrency, at least private cryptocurrency like bitcoin is a mistake," said Maskin.

"Because the public currency like RMB and U.S. dollar are much more useful than private currency. [Public currencies] they preserve the power of central banks to conduct monetary policy. If no one is using the dollar, then the U.S. monetary policy is useless. So I'm worried about cryptocurrency only to the extent that it reduces the use of currencies like RMB or dollar," he added.

He also pointed out that cryptocurrencies could interfere with central banks' monetary policies.

Meanwhile, Maskin supports the idea that blockchain is a technology. He noted that it is one of the exciting developments that have come along in recent years.

"Blockchain can make all sorts of transactions much easier and much more secure. It can also ensure that only the information that people need to have gets transmitted," said Maskin.

"Blockchain is a way for me to guarantee that only what you need to about me gets told. And that's valuable in a world where we're beginning to worry about privacy issues," the professor explained.

Besides, Maskin supports building the country's own digital currencies. With the backdrop of e-payment booming around the world, Maskin said the digital currency can make transaction easier but it won't have all of the unpleasant side effects of these private currencies.

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Blockchain with Chinese characteristics





Monday, November 18, 2019

Say ‘no’ to incompetent government, message from Tanjung Piai by election!

https://youtu.be/FaO25i3biEE

https://youtu.be/ZgKFqcG5twc

https://youtu.be/d2DyEfvsIwc

The message from Tanjung Piai is really quite simple and straightforward.

The Malays are willing to vote for BN, MCA, PH or PPBM. To them, which party or coalition to vote for is secondary. Increasingly, they want a government that can work for them, not just good in hoodwinking.

Some pundits claimed that it was Umno-PAS union that pulled the Malay votes for BN. I would prefer to think that it is the “push factors” to vote against PPBM and Pakatan Harapan that caused the swing.

Frankly, I think most are quite fed-up with the PH government by now. Many must have paused to ask themselves which aspect of their life has become better since May 9, 2018.

Maybe they couldn’t find any other than the continued intrigues and infighting within PH component parties.

The Chinese, too, can vote for different candidates and different coalitions at different times. To them, it does not matter if it is PPBM, PH, BN or MCA. It shows Chinese Malaysians are not racist. They just want to be treated fairly; it does not matter which race represents them in the government.

PPBM, Amanah and PKR need to be reminded that the Chinese are not leftovers; they are productive citizens.

No one wishes to be insulted, so let no one tell the Chinese to go back to China again. This is totally unacceptable.

The Chinese value their children’s education very much because they know they can’t depend on the government for jobs. So, forums and congresses threatening to shut down certain schools should stop.

They want multilingual education for their children, so stop telling them what language they can or cannot learn. If the government cannot protect the minority, it does not deserve support, period.

Finally, all Malaysians – Malays, Chinese, Indians and others – hate an incompetent government. So stop talking about flying cars, third national car, crooked bridge, Kulim Airport which is a stone’s throw from Penang, and endless plans for Penang.

TK Chua is an FMT reader.


Read more :


 Tanjung Piai a wake-up call for Pakatan




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