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2019 Hong Kong Protest

Discussion in 'BBS Hangout: Debate & Discussion' started by Amiga, Aug 12, 2019.

  1. rocketsjudoka

    rocketsjudoka Contributing Member
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    To be fair most of his experience with Chinese people has been going to the massage parlor with Bob Kraft..
    Rimshot..
     
    B-Bob, mdrowe00, Amiga and 1 other person like this.
  2. adoo

    adoo Member

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    actually Trump has been dealing w Chinese RE moguls, Chinese state-owned banks, since the early 1990s.
    during his bankruptcy years, he made several visits to HK kissing up to the RE moguls there to convince them
    to bail out some of his distressed properties in NYC


    The real estate deal that turned Trump into a China basher until rein-in by China's President Xi;
    how Trump was schooled by 2 Chinese real estate moguls




    In 1994 Trump was on the verge of bankruptcy in the wake of the collapse of the US real estate market. A consortium of Hong Kong billionaires led by Henry Cheng and Vincent Lo came to his rescue.

    Cheng and Lo agreed to buy Trump's 77-acre property in New York City known as Riverside South, assume his debts and pay him 30 percent of the profits as well as fees for helping to manage the development of the site. To the extent that Trump had already spent huge $$$ developing the project which, at the time, was not yet profitable, the Chinese businessmen got in at a bargain basement price.

    The project turned out to be very lucrative. After several years of profitability, in 2005, the Hong Kong businessmen sold the development for US$ 1.76 billion, at the time, the largest residential real estate transaction in New York.

    However, Trump was furious, saying his partners did not consult him first before selling the project. He sued them and demanded US$1 billion in damages. Trump lost the case in a NYC court, and had to accept a 30% share in the profits from the project.

    moral of the story;
    buy low, sell high and, most important, out-negotiate others
    to gain the ability to call the shots.​


    This deal also paved the way for Trump's future dealings w the state-owned Bank of China
     
    #122 adoo, Aug 15, 2019
    Last edited: Aug 15, 2019
  3. adoo

    adoo Member

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    The Hong Kong protest movement is about democracy, pushing back on police power, and preserving the city’s quasi-autonomy.

    But like the American Revolution, it’s also about money.​

    More than 20 years of slower economic growth in Hong Kong, combined with an increase in the cost of living, helped spark this protest movement just as much as the controversial mainland extradition bill that caused such a stir.

    In recent months, Hong Kong’s middle class saw their economic output being threatened and siphoned even more by mainland China’s tariff war with the U.S. That’s very much like America’s Founding Fathers, who balked at Britain’s mercantilist squeezing of the colonies’ economic output to help fund Great Britain’s wars and empire building.

    Beijing relies heavily on Hong Kong for the accounting, legal, and financial services for its state-run or mostly state-controlled businesses.

    As a result, Hong Kong’s workers see themselves as providing much of what makes the Chinese economy move. But they’re not getting the political clout or autonomy commensurate with the key role they play.

    That’s what makes the airport such a logical and important flashpoint of the protest movement right now. It’s the international business leaders who come in and out of that airport that the protesters are trying to win over.


    Think of the airport protests as a modern day Boston Tea Party,​

    as the demonstrators want to disrupt the business-as-usual arrangement that otherwise allows Beijing to use Hong Kong as a conduit to freer market economies. The Hong Kong protesters are essentially saying: “no commerce without more autonomy!”

    It doesn’t quite have the same ring as, “no taxation without representation,” but the sentiments are very similar.

    China is clearly taking the path of absorbing more pain in hopes of waiting out the Trump administration’s tariffs and other trade moves. So it is no coincidence that the Hong Kong protest movement really came to life just as it became clear that Beijing was going to keep devaluing the yuan and eating costs in response to the Trump tariffs.

    American colonists didn’t want to bear the brunt of King George III’s wars against France, and
    HKers don’t want to bear the costs of President Xi Jinping’s trade war strategy against the U.S.​

    https://www.cnbc.com/2019/08/13/the-airport-protest-is-hong-kongs-boston-tea-party.html


    the energy level has die down, many of the protesters are getting ready to return to school.
     
    #123 adoo, Aug 16, 2019
    Last edited: Aug 16, 2019
  4. Amiga

    Amiga 10 years ago...
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  5. Nook

    Nook Member

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    Protect 7 million people?

    I think the word you are looking for is exploit.

    The PRC is a cancer on the world.
     
  6. Nook

    Nook Member

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    What a coward.
     
  7. Nook

    Nook Member

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    LMFAO You are really drinking the Chinese Koolade.
     
  8. Nook

    Nook Member

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    No they don't....... Hong Kong has no real desire to be oppressed or censured
    Just a bunch of absolute cowards.

    Trump likes to run his mouth, but at the end of the day he is a coward.

    He needs to stand up for what is right.
     
  9. adoo

    adoo Member

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    thru out their history, HKers have been strident souls.

    in mid-1800s
    HKers called out China's Qing government for looking the other way, letting the Brits smuggled opium into china. after HKers had destroyed an opium shipment on its shores, the Qing Govt punished HK by ceding it to the Brits
    ~ WW2
    HKers called out the Brits for not adequately protecting HK citizens, when the japanese invaded the colony and killed some HK citizens
    the 1967 riot
    it was an outgrowth of protests against the Brits for a myriad of complaints
    post Handover
    HK had organized several protests against the PRC
    (for covering up the SARS epidemic, for not upholding the Basic Law, etc.)​
     
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  10. BruceAndre

    BruceAndre Member

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    I was going to say Singapore. Of course whether Singapore wants them is another matter.
     
  11. MojoMan

    MojoMan Member

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    Of course they will not all go to the same place and most of them will not be able to go at all. But Singapore has a lot of the same pro-western, pro-business characteristics that has made Hong Kong so successful. It is not identical by any means, but then of course no place else is.
     
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  12. BruceAndre

    BruceAndre Member

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    Oh yes, I know.

    I hear a lot of good things about Singapore. Haven't been myself. But apparently it has one of the freest economies in the world (ie, very little govt interference), and .....surprise, surprise -- it's one of the richest countries in the world.

    It also has one of the lowest crime levels in the world. That's because instead of putting you in jail, they beat your *** if you commit a crime. Interesting concept.
     
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  13. MojoMan

    MojoMan Member

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    I have been several times. If I were to have to pick a place to move to in the Asian far-East, it would Singapore for me, hands down.
     
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  14. BruceAndre

    BruceAndre Member

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    I often support Trump on this board (to the weeping and gnashing of teeth of many :D) but his failure to at least say something that is even broadly or generically in support of HK is weak sauce.....:(
     
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  15. rocketsjudoka

    rocketsjudoka Contributing Member
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    I’m sorry but I laughed when I read this. This is the country that banned chewing gum.

    Anyway this idea that Singapore would or can take on a lot of HK en masse is very unrealistic due to a lot of reasons.
     
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  16. KingCheetah

    KingCheetah Contributing Member

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  17. adoo

    adoo Member

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  18. biff17

    biff17 Member

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    So the guy who rails against liberals wanting to curtail basic civil rights now has admiration for a totalitarian government that controls the most basic of rights.

    Dude make up your mind.
     
  19. Amiga

    Amiga 10 years ago...
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    HK population is 7.5m

     
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  20. rocketsjudoka

    rocketsjudoka Contributing Member
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    The size of this protest months into the latest crisis shows that the PRC might not be able to just wait this out and hope that the majority of HK people get sick of the protesters.
     

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