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HOW TO EMPOWER INVESTORS & HELP THE FED ESCAPE ITS BLACK BOX AT THE SAME TIME


BY QUOTH THE RAVEN

I want to propose one idea for helping solve this problem.

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COVID PROPAGANDA ROUNDUP: THE ‘EXPERTS SAY’ CON-GAME


BY TDB

"Experts say" is the single biggest red flag in COVID-related articles.

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THE ‘OTHER’ DEFICIT IS NEAR AN ALL-TIME HIGH


BY TDB

This all makes it very difficult to have confidence in these institutions.




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WORLD BANK CHINA-RIGGING-SCANDAL HIGHLIGHTS BEIJING'S "MALIGN INFLUENCE" AT UN:
EXPERTS

by Tyler Durden
Thursday, Sep 30, 2021 - 05:00 AM

Authored by Terri Wu via The Epoch Times (emphasis ours),

Revelations that World Bank leaders pressured staff to rig an influential report
in China’s favor have once again shed light on the Beijing regime’s influence
within the United Nations system.

Chinese leader Xi Jinping virtually addresses the 76th Session of the UN General
Assembly on September 21, 2021 in New York. (Spencer Platt/POOL/AFP via Getty
Images)


A recent investigation found that then-World Bank President Jim Yong Kim and
then-Chief Executive Kristalina Georgieva had applied “undue pressure” on staff
to boost China’s ranking in its 2018 “Doing Business” report. At the time, the
World Bank leadership was “consumed with sensitive negotiations” over a major
capital increase, a move that increased China’s stake in the lender,
investigators said. Leaders had also received repeated overtures from senior
Chinese officials wanting the country’s score to be raised to reflect its
initiatives at reform.

The fallout from the probe has been swift. The World Bank announced its
abandonment of the Doing Business report entirely. Georgieva, now head of the
International Monetary Fund (IMF), has faced calls for her resignation,
including by The Economist magazine. The embattled chief, however, has
vehemently denied the investigation’s findings.

Kristalina Georgieva, managing director of the International Monetary Fund (IMF)
speaks during a press conference at the German chancellery in Berlin, on Aug.
26, 2021. (Clemens Bilan/Getty Images)

Analysts now say that the scandal has further underscored the Chinese regime’s
malign influence in important multilateral institutions.

China’s communist regime sees the existing international order as a threat to
its interests, Seth Cropsey, a senior fellow at the Washington-based think tank
Hudson Institute, told The Epoch Times. “So they want to break it up whenever
possible.”

“Influence and membership and participation in international organizations give
them the foot in the door that they need to accomplish that goal.”

And to achieve its ends, Cropsey said, Beijing is “willing to use bribery,
threats of force, political pressure” and any other means.




HISTORY OF COLLABORATION

The World Bank played an important role in shaping the Chinese Communist Party’s
(CCP) economic reforms in the 1980s and 1990s, when the regime was attempting to
extricate the country away from backwater status, according to China expert
Michael Pillsbury.

In his book “The Hundred-Year Marathon,” Pillsbury wrote that the World Bank
secretly advised the CCP as early as 1983. That year, World Bank executives met
with CCP leader Deng Xiaoping. As a result, the bank agreed to study China and
recommend how the regime could catch up to the United States economically in the
following decades.

While the lender released “a few vague reports” about China’s need to develop
free markets, in private, the World Bank by the mid-1980s endorsed the regime’s
socialist approach and “made no genuine effort to advocate for a true market
economy,” Pillsbury wrote.

“China will not stop its so-far successful campaign to gain decisive influence
in all the U.N. specialized agencies and to continue their successes in
obtaining benefits from the IMF and World Bank,” Pillsbury told The Epoch Times
in an email.




CHINA’S INFLUENCE

The IMF and World Bank are among 15 U.N. specialized agencies, of which Chinese
representatives head three. No other country leads more than one body.
Meanwhile, the International Civil Aviation Organization just saw its Chinese
chief depart in August after a seven-year term.



“Since I wrote The Hundred-Year Marathon six years ago, the Chinese have not
suffered any significant sanctions that would cause them to change their
successful trajectory to surpass the U.S. in global primacy,” Pillsbury wrote.

The CCP’s only recent setback in the U.N. system, according to Pillsbury,
occurred when the Chinese candidate was outvoted for the top post at the World
Intellectual Property Organization (WIPO).


WIPO SUCCESS STORY



In the lead up to WIPO’s March 2020 election, the Trump administration mounted
an effort to ensure that Wang Binyang, a representative of the Chinese
regime—which is ironically notorious for its lack of intellectual property
protections—wasn’t successful in his bid to lead the body charged with
safeguarding those rights worldwide.

Wang was ultimately defeated by Singaporean Daren Tang, who was backed by the
United States and many other Western nations, by a vote of 28 to 55.

“The Chinese thought they had a fast-track to that [position],” then-U.S.
Secretary of State Mike Pompeo said in July 2020. “We put up a good candidate. …
And we crushed them. It was an amazing diplomatic effort.”

Andrew Bremberg, who, at the time, was U.S. ambassador to the U.N. in Geneva,
was at the forefront of the Trump administration’s campaign.

Then-White House Director of the Domestic Policy Council Andrew Bremberg speaks
during a roundtable discussion on cyber safety and technology at the White House
on March 20, 2018. (Chip Somodevilla/Getty Images)


Washington’s success at the WIPO “absolutely” can be repeated, Bremberg told The
Epoch Times.

“The Biden administration could do it as well,” he said, adding that it was a
matter of identifying key priorities and working with “key partners not to let
the CCP try to get the upper hand in how these elections take place.”

For instance, during the WIPO election, the United States worked with the body’s
rules committee to prohibit phones or photography in the voting room. In some
cases, the CCP had asked countries to take pictures of their ballots to verify
their votes, according to Bremberg.

The final step is for U.S. officials to work to “unite a large coalition behind
a mutually agreed better candidate,” he said.

From his experience in Geneva, Bremberg saw a lack of awareness among U.S.
officials and the global community about the CCP’s “malign influences” across
international organizations.

The former ambassador noted that while the Chinese regime has become
increasingly aggressive in the past decade, it isn’t yet the dominant force in
the U.N. system.

Thwarting Beijing’s long march through these multilateral institutions, however,
will take a lot of effort, Bremberg said.

“It’s not an easy thing. But I’m extremely optimistic that if we are willing to
do the work to strengthen the system, and to re-exert leadership that matches
with our values, then China will not be, in fact, dominant,” he said.

Bremberg now heads the Washington-based nonprofit Victims of Communism Memorial
Foundation.


THE WHO

One global body that, in Bremberg’s view, may be beyond hope of meaningful
reform is the World Health Organization (WHO).

“What we’ve all learned in the last year and a half is that we all desperately
want and need a meaningful WHO that can actually work for the international
system—and we don’t have it,” he said. “And I think there is no realistic
prospect that we could.”

Bremberg last year was involved in the Trump administration’s efforts to seek
reforms at the global health body relating to its handling of the pandemic and
reducing its appeasement of the Chinese regime. When the WHO rejected these
calls, then-President Donald Trump withdrew from the organization, saying it was
beholden to the CCP. The Biden administration has since rejoined the body, with
officials arguing that it’s better to push for reforms while still holding a
seat at the table.

In the early stages of the pandemic, the body drew heavy criticism over its
parroting of the CCP’s official statements that downplayed the severity of the
outbreak, while praising what the regime said was its outbreak control efforts.

Earlier this year, a virus origins report by a WHO-led team done in concert with
Chinese scientists asserted that a lab leak hypothesis was an “extremely
unlikely” origin of the pandemic. More than a dozen countries, including the
United States, questioned the integrity of the report, pointing to the team’s
lack of access to raw data from China.

Amid intensifying scrutiny on the regime’s ongoing coverup of the pandemic
origins, the WHO has sharpened its tone against Beijing in recent months,
calling for greater transparency and for the regime to provide access to raw
data.


PUSHING BELT AND ROAD THROUGH UN

The Chinese regime also has used U.N. bodies to legitimize and promote its
massive global infrastructure investment project, known as the Belt and Road
Initiative (BRI). The trillion-dollar plan has been criticized by U.S. officials
for facilitating the expansion of Beijing’s economic and military clout, while
saddling developing countries with unsustainable debt burdens.

The U.N. Department of Economic and Social Affairs, a secretariat body, has been
a major vehicle used by the regime to promote BRI, according to a 2019 report by
Washington-based think tank Center for a New American Security. Chinese
officials have held the top position at the U.N. body since 2007, allowing
Beijing to draw on “an extensive network of Chinese nationals to steer the
organization toward embracing” the BRI, the report stated.

Through these efforts, the Chinese regime has been able to package its BRI
projects under the U.N.’s sustainable development goals, the report said, thus
allowing U.N. resources to be directed toward Chinese-backed investments.

The WHO, led by Hong Kong’s Margaret Chan from 2007 to 2017, also promoted the
BRI in the health care sector.

In January 2017, Chan signed a BRI memorandum in health care with China at a
meeting with CCP leader Xi Jinping in Geneva. In May 2017, less than two months
before the end of her term, Chan visited Beijing and signed the action plan.
Upon leaving the WHO, Chan immediately took high-level positions in CCP
organizations, including the Political Consultative Congress, a political
advisory body that is a key organ in the regime’s domestic and foreign influence
efforts, known as “united front” work.

During her terms, Chan also appointed Xi’s wife, Major Gen. Peng Liyuan, and
Chinese state-run TV host James Chau as WHO goodwill ambassadors, roles they
still hold today.

Current WHO chief Tedros Adhanom Ghebreyesus, who succeeded Chan in July
2017, led a WHO delegation to the Belt and Road Forum for Health Cooperation in
Beijing in August 2017. During that trip to China, Tedros signed a strategic
agreement supporting the BRI, while the WHO received an additional contribution
of $20 million from the regime.

This memorandum between the WHO and China, which hasn’t been made public, will
allow China’s ruling regime to expand its influence over hospital systems
worldwide, particularly in the area of data, Ian Easton, senior director at
Virginia-based think tank Project 2049 Institute, warned during an August
virtual discussion hosted by the Hudson Institute.

The agreement paves the way “for client states around the world to use Chinese
technology, products, and software in hospitals and other organizations relating
to global health,” Easton said.

The World Bank and IMF didn’t respond to questions from The Epoch Times relating
to the CCP’s influence in U.N. systems. WHO officials also didn’t respond to
requests for comment.

6,94632

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RISK PARITY SUFFERING


Source: Refinitiv, StoneX Group
RPAR ETF closed at lowest since mid June. Back then SPX was trading at 4200.
There are several interesting things taking place "under the hood". One of them
is the entire topic of how you manage risk from a pure asset allocation point of
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As chart 2 shows, Treasuries have been a horrible hedge against equity market
sell offs.
Go figure...
10 hours ago at 1:00

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The growth/inflation mix for the next year has deteriorated since Q2. US
12-month forward growth expectations have declined, in part due to a larger drag
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year's fiscal drag, while inflation expectations have increased to levels well
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