US officials in the Dominican Republic are warning “darker-skinned” Americans they are at risk of being swept up in the country’s crackdown on Haitian migrants.This will eventually come to Europe. Probably not the United States because it isn't an ethnostate. The odds are near zero in the U.S., but they rise with the degree of collapse that unfolds. It is possible that all illegal immigrants are eventually deported if there's no amnesty.The advice from the US embassy in Santo Domingo suggests that authorities there are using a person’s appearance as a criteria for detention of those suspected of being in the country illegally.
The Dominican Republic says it has deported 43,900 migrants, mostly Haitians, between July and October in an operation it insists is necessary for national security amid growing unrest, gang crime and a fuel blockade inside its only neighbour on the island of Hispaniola.
2022-11-30
Dominicans Cracking Down on Haitians Again
Jiang Zemin Dead at 96
AP has a long biography: Former President Jiang Zemin, who guided China’s rise, dies
Chinese coverage is remarkably terse.
China Daily: Jiang Zemin passes away
The letter says that Comrade Jiang Zemin was an outstanding leader enjoying high prestige acknowledged by the whole Party, the entire military and the Chinese people of all ethnic groups, a great Marxist, a great proletarian revolutionary, statesman, military strategist and diplomat, a long-tested communist fighter, and an outstanding leader of the great cause of socialism with Chinese characteristics. He was the core of the CPC's third generation of central collective leadership and the principal founder of the Theory of Three Represents.
My take: this is probably a non-event for China because Jiang wasn't heavily involved in current politics. He also isn't a beloved figure among the people. The June 1989 protests were sparked by the death of Hu Yaobang in April because he was a popular figure for people who wanted China to open up politically. Given the current state of affairs, disgruntled citizens or CCP insiders could his death as a vehicle for criticizing the state.
I still don't think these protests have legs. I'm not basing that on superior on the ground knowledge, but the fact that I've seen this show play out before and it always ends the same way. Jiang's death adds a new variable that could fuel something larger, but that something hasn't happened yet.
2022-11-28
Apple Ratios
Island Reversal on Utilities
2022-11-27
Greater Idaho
“We’re about matching government to people and their values. You get rid of polarization and tension by matching people to the government they want,” McCaw told The Epoch Times.
Palladium Again
Chinese Have Had it With Lockdowns
Perhaps the protests escalate, but there's no evidence of that yet.
2022-11-25
Will There Really Be a Diesel Shortage?
Bearishness Intensifies: China Cuts RRR Again
ZH: China Cuts Reserve Requirement Ratio By 25bps, Boosts Economy With $70BN In Fresh Liquidity
Below I've reproduced my post from December 6, 2021: China RRR Cut is Bearish
ZH: China Cuts RRR By 50bps; More Easing Expected
Specifically, the PBOC cut the RRR by 50bps effective 15th Dec. The move will release CNY 1.2 trillion in liquidity - some of this new money will be used by banks to repay maturing loans from the PBOC’s medium-term lending facility and some of it will be used to replenish financial institutions’ long-term capital, the central bank said. There are almost 1 trillion yuan worth of the 1-year loans maturing on Dec. 15, the day the cut takes effect.It releases zero trillion in new lending. It eases financial pressure on banks who are probably running into some trouble because of the strong dollar. Look at the chart posted with the article. The RRR cuts come during the taper. They occur before yuan depreciation in August 2015 and before a broad global sell-off in risk assets in autumn 2018. I am thinking about the time and place of the next panic.
2022-11-24
New Covid Lockdowns Spurring Rumors
On the evening of November 23, it was reported on the Internet that "Beijing Railway Station was closed for the first time in 63 years, and it will be recorded in the history of the station." The reporter learned from Beijing Railway Station that this news was a rumor.Meanwhile in Henan, the newly hired Foxconn workers are being paid 10,000 yuan to go home.