Lude Daily Briefing 2020.12.02 Morning Edition
路德1202早间要闻-New York Time
LuDe News 20201202 Morning, New York Time
Global Times Warns U.S. Not to Decouple from SWIFT
The Global Times says that decoupling will have three unpredictable consequences: it will harm the interests of the U.S. companies; it will paralyze global trade; and no country can afford to ignore the influence of the CCP’s overseas listed companies. This warning from Global Times as one CCP’s propaganda media shows that the decoupling, on the contrary, confirms the truth that the it truly frightens the CCP and benefits the United States.
The Truth About the Consequences of Decoupling SWIFT
U.S. companies’ profits in China are just financial figures but cannot be repatriated to the United States. It benefits only U.S. companies in the capital markets but not the American people. Decoupling is a perfect incentive for these companies to withdraw to the United States. The U.S. exports to the CCP are all high-value products that have no worries for buyers, while the CCP’s exports to the U.S. are mostly low-value products that can be substituted easily, but the CCP has been bullying everywhere by virtue of its trade scale, thus decoupling will restore the world trade market order and benefit U.S. enterprises. As for CCP listed companies in the U.S., they are facing the fate of being overall delisted and compensating investors for fraud listing.
Founded in 1974 by seven international banks, SWIFT provides a secure, standardized and reliable channel for financial messaging services for industrial peers to accomplish financial transactions. With a membership of 12,000 financial institutions in more than 200 countries, SWIFT is not substitutable due to its inherent security and reliability. The political, economic, technological and military power of the United States determines the dominant position of the US dollar in the world financial market, which also makes the U.S. the leadership in SWIFT system.
An Article on the U.S. State Department Website Explains the CCP’s Policy of Civil-Military Integration
What is civil-military integration? It is the Chinese Communist Party’s national strategy to turn the PLA into a world-class army by 2049. What will they do? Stealing intellectual property, critical research results, and advanced technologies, from citizens, researchers, academics, and private companies around the world for military use.
Why should we care about it? Because it would completely remove the barriers between civilian research, the commercial sectors, and military industry, resulting the PLA absolute dominance, and it would pose enormous threats to U.S. national security.
Department of Justice Statement Punches Fake Media in the Face
The statement claimed that some media misreported that the Justice Department had closed its investigation into election fraud and declared that there was no fraud, which is not what the Attorney General said. While lying, these medias are blind to the ongoing events such as the appointment of a special inspector by the Department of Justice to continue the investigation into the origins of the Russia-gate. Their malevolent intent of driving a wedge between Trump and Barr is obvious.