Steve Bannon on the Chinese world vision

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Must view stuff from Real Vision as Steve Bannon unloads on China.

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Some highlights:

Their grand strategy is very simple. It’s to be a hegemonic world power. You can see it through One Belt One Road. You can it see through Made In China 2025. You can see through everything they’re doing like their strategy of being the East India Company in Sub-Saharan Africa, what they’re doing to the Caribbean, now what they’re doing in Latin America. What we call all forces of government– all areas of government focus on the economic war against the United States and their military build up.

…A lot of the Wall Street, City of London, and Frankfurt crowd have kind of said, oh, well, they’re not territorially ambitious. They’ve never been an expansionist power. Well, they’re a geopolitically, expansionist power. And it’s quite extraordinary what they’re doing. And they’re doing it at the same time.

…They call them reefs. These are stationary aircraft carriers– Mischeif, Scarborough Reef. All these– these reefs are basically aircraft carriers. And what they’ve done is they’ve put fire control, radar, search radars, and combat planes on them. These things can go.

…My point. When people say the South China Sea, what you have to understand is it’s a superhighway of commerce. They have the biggest ships in the world 24/7, 365 days a year.

…You asked me what’s going to happen. I said on my radio show five years ago they would be in a shooting war. The situation in Qatar, and the Persian Gulf, and the South China Sea are the two greatest hotspots of the world for global conflict to start. OK? It’s not Korea. Korea’s a vassal state of China. The whole Korean thing is nothing but a Chinese drama. OK?

…And they will tell you, no, it’s a vital thing. We need America. We need America here because if we lose the South China Sea, we will lose any type of commerce. China would control the whole place. And the Chinese understand that. That’s where they’re trying to push us out. And they’re starting to already have the psychological warfare of exactly that. Hey, it’s 12,000 miles away. It’s really Asia. What are we involved here for? This is another debacle.

…This is a direct confrontation with China to say, we’re not going to take it anymore. You’ve been in economic war with us. And we’re going to reassert us. Your question about how they ingratiate themself. They’re the guys wrote the biggest checks. They wrote checks to the universities. They’ve essentially bought off the city of London, Wall Street, and the corporations. I say this in a sense of kind of anger. The great investment banks in London and in New York became the investor relations department for this regime.

…Being on their back foot by the Trump strategy, they kind of said, hey, we need a financial advisory panel to help us understand what the United States wants and what the United States needs. And it was Paulson, and Schwarzman, and all these characters. And it’s interesting. When they need somebody to come over and help intermediate with the United States, they go to the same guys who have been profiting on this. My understanding is that people came back and said, hey, the UN General Assembly is happening. It’s opera season in New York. My schedule is full. And Wang Qishan said, hey, boys, I don’t think you’re listening. We’re having a meeting. I want everybody to show up.

…What we’ve seen, and I happen to believe, is that the Chinese economic system is built on a house of sand. And I think it’s going to lead us to a greater financial debacle than 2008 ever was in the exact same culprits that led to the financial crisis in 2008– the investment banks, the commercial banks, the hedge funds, and the government entities. It was the same elites that led to that financial crisis and got bailed out. They had no responsibility and no accountability. They’ve been the same exact actors that have exacerbated the situation in China.

…And so yes, the reason the world’s elites – the Party of Davos, the people on Wall Street, what I call the IR departments of China, which are the investment banks, particularly Goldman Sachs and some commercial banks, the lobbyists for China, which is basically the 25 or 30 largest corporations that deal in China today – their lobbyists in Washington, DC. And the big private equity guys like Schwarzman and these guys are all going to have to be held accountable for what went on in China.

Full video here.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.