WE HAVE OUR EYE ON THE TRUTH
The Evergrande Group, one of China’s top developers, owes too much money. Beijing has finally stepped in to stop their reckless borrowing, which could be a death knell for the company. China’s real estate boom involves millions of empty apartments owned by speculators, who can no longer be certain of rising property values. Beijing has adopted the maxim that “homes are for living in, not for speculation.” …
US President Joe Biden’s campaign vow seems to be on the backburner, as his administration has green-lighted a $500 million helicopter deal to the Gulf Kingdom. France is outraged over the latest nuclear submarine deal that was signed by the US, UK and Australia, who were considered close allies to Paris. …
President Biden has announced a new tripartite deal with Australia and the UK, with Australia receiving nuclear-powered submarines from the UK, with the US working to mediate. Beijing has condemned the action and denounced Australia as henceforth an “adversary.” Rick Sanchez examines the situation. …
Russian President Vladimir Putin met his Syrian counterpart Bashar Assad on Monday in a surprise meeting in which both leaders criticized the US and Turkey for keeping forces deployed in Syria despite no approval from the internationally recognized Syrian government. Two decades were too much for Washington in its struggle to invade and reshape Afghanistan. So how has it managed to stay in Syria’s oil fields? …
Washington’s decision to pull most of its advanced weapons systems from Saudi Arabia may presage a shift in focus to the perceived threat posed by an increasingly assertive China. Beijing has threatened economic sanctions and even to blockade Taiwan if the US fails to abide by its long-standing official “One China policy” and warned the US that it should not “send the wrong signal” about Taiwan’s sovereignty. …
We examine a Friday morning phone call between Presidents Biden and Xi Jinping. Biden assured Xi that the US is prepared for “more candid exchanges and constructive discussions” and that there is no intent of abandoning the “One China” policy. The leaders agreed to stay in frequent contact to improve relations between the two countries. …
After a US Navy Destroyer cruised through the South China Sea, an irate Beijing condemned Washington’s “bullying” and vowed to give the United States “a taste of its own medicine.” Ought we really to expect a Chinese military force off the coast of the US? Investigative journalist and “Boom Bust” co-host Ben Swann reports the details. …
NATO Secretary-General Jens Stoltenberg is urging Beijing to join NATO-led talks on missile restriction. He complains that China is increasing its nuclear capability at a breakneck pace and “without any limitation or constraint.” While still dwarfed by the arsenals of US and Russia, China has responded with bluster and pointed out NATO’s hypocrisy and double standards on nuclear proliferation. …
