World

This weekend, China has suddenly erupted in severe social chaos, violent protests, and open criticism/defiance of the China Communist Party (CCP).  The world has not seen anything like this inside China since Tiananmen Square!  More amazing, it is not localized; protests have erupted in very many cities around the entire country.

It apparently began after a high rise fire caused multiple deaths when residents of the building could not evacuate because of doors LOCKED in relation to "COVID."

It rapidly spread on social media "WeChat" but citizens saw the social media giant censoring all information and blanking-out calls for protests.  THAT caused more anger, countrywide, and people began taking to the streets.

Authorities tried to contain the protests, but the crowds got very angry and began fighting back as authorities tried to clear out protesters.  When the crowds refused police orders to disperse, the police tried using force, but were confronted and attacked by the crowds!

This is almost unheard-of behavior by the Chinese people.

As word of the successful displays of public anger spread, more people took to the streets in more places.  The rhetoric got . . .  well . . .  amazing - for China.   

Citizens began chanting "CCP Step Down" - a direct challenge to the China Communist Party.  Then, even more amazing, open calls for "Tyrant Xi Jinping - Step Down"

In a stunning public speech, one man set the tone when he publicly said "Give me freedom or give me death" - an American phrase uttered in the 1700's by Patrick Henry who said, of King George III, "Give me Liberty, or give me death."

As of 6:09 AM Sunday morning here in metro New York City, things in China are degenerating very fast.  There is major social chaos.  There are major protests in very many cities.  Authorities are deploying thousands of police, but it is not having the desired effect; things are just getting worse.

Here's video:

Why Now?

One of the worst-kept secrets in global central banking is the extent to which Chinese officials are swapping dollars for gold. Governor Yi Gang’s team at the People’s Bank of China (PBOC) isn’t admitting as much. The PBOC doesn’t have to, though, given the clear policy trajectory Chinese leader Xi Jinping has pursued in recent years: internationalizing of the yuan as the top rival to the dollar. Xi’s position hasn’t changed so much as other governments are catching on that trust is waning in the global reserve currency and an alternative to the dollar is badly needed.

So with China making moves against the U.S. Dollar, it may actually be a case where the U.S. is stimulating social chaos inside China to destabilize what the PBOC is doing.