iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,158 Blog Posts

PELOSI LANDS IN TAIWAN; THE BALL IS IN CHINA’S COURT

After landing in Taiwan, Speaker Pelosi made the following statements.

China releases a series of statements. This just about sums it up.

CHINA FOREIGN MINISTRY: CHINA WILL DEFINITELY TAKE ALL NECESSARY MEASURES TO RESOLUTELY SAFEGUARD SOVEREIGNTY, TERRITORIAL INTEGRITY IN RESPONSE TO PELOSI’S VISIT.

The US has been an ally of Taiwan for decades and that friendship went swimmingly before we built up China to be a global power. There was a time not too long ago when China was mostly a rural country without a Navy. After decades of money and IP transfer from west to east we now complain about how powerful China is and worry about their intentions.

We created the Frankenstein.

Bottom line: this is yet another BEARISH turn of events for globalism. We are now in a bifurcated world of west vs East. Stocks are rallying on Pelosi landing safely without incident. I suspect this euphoria will wear off and we might see some selling before end of day.

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5 comments

  1. Cricket

    I can picture Pelosi, in her doddery old mental condition, walking up to a bronze statue of Chiang Kai-shek, embracing it, letting out a squeal, and saying “Oooh honey, that’s hard!”

    LOL. She probably thinks she’s in Hoboken NJ.

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  2. Mr. Cain Thaler

    China’s military equipment is just our own with some new paint, because our idiot leaders were more afraid of being called racist than dealing with the obvious security implications of letting foreign nationals flood into every state department.

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  3. jacked rabbit

    Err, didn’t six GOP senators go there last year?

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  4. purdy

    The result will be China will build up their military even more – making the planet more dangerous.

    We got Russia to build up their military via our NATO expansion and coup – making the planet more dangerous.

    We keep electing these whores because the media tells us to …earning ever more new enemies and making the planet less safe.

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    • bob smith

      Yeah ok. Russia’s military is built up to the point where the citizenry of its neighboring country are kicking their ass with sling shots.

      Russia is SOOOO scary… not!

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