Article: Why Mitt Romney’s call for economic boycott of China Olympics comes as no surprise

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Why Mitt Romney’s call for economic boycott of China Olympics comes as no surprise

Dennis Romboy, 15 March 2021

SALT LAKE CITY — Sen. Mitt Romney’s call for an economic and diplomatic boycott of the 2022 Olympics in Beijing isn’t surprising given his political stances on China.

In his first speech on the Senate floor after taking office in 2019, the Utah Republican shifted his focus from Russia to China as America’s greatest geopolitical adversary. While running for president in 2012, he argued that Russia presented the biggest threat to the United States.

Romney said China’s economic strength and large population enable a military power that “could eclipse our own.”

“It is possible that freedom itself would be in jeopardy,” he warned. “If we fail to act now, that possibility may become reality.”

In his first two years in the Senate, Romney filed legislation to combat China’s economic aggression, condemned the Chinese Communist Party and sought sanctions over abuses of ethnic minorities. He pushed for a National Security Council task force to counter the Chinese government’s “sinister propaganda” about the origins of the coronavirus

Just last week, Romney and seven GOP colleagues reintroduced the Strengthening Trade, Regional Alliances, Technology and Economic and Geopolitical Initiatives Concerning China Act to advance a comprehensive strategy for U.S. competition with China.

“We must take decisive action now to confront China’s growing aggression, which includes linking arms with our friends and allies to dissuade the Chinese Communist Party from its predatory policies and demand that China abide by the norms and rules which the rest of us follow,” he said.

The Senate Foreign Relations Committee, of which Romney is a member, will hold a hearing on the issue this week.

Romney has accused China of unfair trade practices, stealing American jobs, currency manipulation and intellectual property theft.

“I think we have to hold China’s feet to the fire,” he said in 2019.

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David K. Lifschultz: New Forms of [Wall Street] Treason?


Max Keiser does not really understand what the monetary expansion has to cover.

Central banks are transferring wealth from the average person to the likes of Bill Gates and Jeff Bezos – RT’s Keiser Report

You have according to the BIS 600 trillion in derivatives against a 81 trillion dollar world GDP or a multiple of 7. The BIS coordinates only the banks so this figure does not include insurance company derivatives or others in private industry unless a bank is connected to the transaction so it is grossly understated.  Some Swiss bankers tell me it is more like 1.2 quadrillion and others up to 2.5 quadrillion. 1.2 quadrillion gives you a multiple on the world GDP of 14 and 2.5 quadrillion a multiple of 30.

Continue reading “David K. Lifschultz: New Forms of [Wall Street] Treason?”