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Wednesday, June 8, 2011 - 4:50amSanction this postReply
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The stunning results correspond to reports that the U.S. Treasury unit monitoring illegal money flows has, since the beginning of last summer, detected a surge in hidden cash transfers out of China.

Almost all of the funds supporting emigration applications were spirited out of China in violation of Beijing’s strict rules. The country leads the world in illicit fund transfers, according to Global Financial Integrity, a nonprofit. The estimated total of China’s outbound flows from 2000 to 2008 was a staggering $2.18 trillion.

 
I have to ask: What is an "illegal money flow"? And why should we care?

If Forbes were really a magazine for business professionals, they would be more concerned with tracking the unlawful enactment of regulations against the flows of money. ... or goods, services, people, ideas ...

(Edited by Michael E. Marotta on 6/08, 8:45pm)


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Monday, June 13, 2011 - 12:20pmSanction this postReply
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They recognize the temporary nature of China's liberalization, and are unsure about when the winds will change, or how abruptly they will change, and so, are escaping the inevitable grab while they still can.

Deng Xiaoping had a long view. What he reassuringly said was, 'I don't care if it is a black cat or a white cat, as long as it catches mice.'

What some accurately heard was, 'We are the mice.'


Mao's Cultural Revolution failed, Deng thought, because Mao tried to leap striaght to communism (carve the carcass) before the necessary capitalism phase( build the beast.)

China's move towards a liberalization is only temporary, and is brilliant.

1] Build the beast while helping America gut its own carcass.

2] Provide enough liberalization in China to build a beast sufficient to kickstart a reborn communist vision of world dominance in some near horizon post American century, in which a gasping America will beg to join in the totalitarian fun on its own, without firing a shot.

The resulting convergence will not find anything remotely like Reagan's America anywhere near power.

Freedom will be dead; it will have been a stop along the way.

Until heads roll again.

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