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China’s Fake Data, Hidden Debt, & Inflated Revenues

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(Via Zerohedge)

It’s not the first time (and it won’t be the last), but a recent nationwide audit found some local governments inflated revenue levels and raised debt illegally, once again crushing China’s credibility on the global stage when it comes to economic performance.

As Bloomberg reports, ten cities, counties or districts in the Yunnan, Hunan and Jilin provinces, as well as the southwestern city of Chongqing, inflated fiscal revenues by 1.55 billion yuan ($234 million), the National Audit Office said in a statement on its website dated Dec. 8.

The inspection, which covered the third quarter, also found that five cities or counties in the Jiangxi, Shaanxi, Gansu, Hunan and Hainan provinces raised about 6.43 billion yuan in debts by violating rules, such as offering commitment letters.

The findings are a blow to China’s bid to rein in data fraud, which has been widespread in some of the poorer provinces where officials were incentivized to inflate the numbers as a way of advancing their careers.

Concern from investors wanting to be able to trust data out of the world’s second-largest economy led to the government trying to crack down on the practice, with President Xi Jinping saying in March that data fraud “must be throttled,” according to the state-run Xinhua News Agency.

While historically investors would rapidly shrug this news off and buy more stocks, with Chinese sovereign bond yields near their Maginot Line of 4.00%, losing credibility could be critical.

A new supervisory body was set up within China’s statistics office in April to bolster and ensure data authenticity and quality.

The country is also shifting to the latest United Nations-based statistical standard and using computers — rather than local reports — to calculate provincial gross domestic product, the chief economist said in September.

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Politics

The Clash of Titans: X’s Shutdown in Brazil

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In an unprecedented move, Brazil’s Supreme Court has ordered the nationwide suspension of X, the social media platform formerly known as Twitter, marking a significant escalation in the ongoing feud between the platform’s owner, Elon Musk, and Brazilian authorities. This decision stems from Musk’s refusal to comply with court orders to appoint a legal representative in Brazil and to suspend certain accounts accused of spreading misinformation and hate speech.

The tension reached a boiling point when Justice Alexandre de Moraes gave X a 24-hour ultimatum to name a representative or face a complete operational shutdown in Brazil. Musk’s response was to close X’s office in Brazil, citing threats of arrest against his staff for non-compliance with what he described as “secret censoring orders.” This move has left millions of Brazilian users in the dark, with the platform going offline across the nation.

The implications of this standoff are manifold. Firstly, it pits the concept of free speech, as championed by Musk, against Brazil’s judicial efforts to curb what it sees as the spread of dangerous misinformation. Critics argue that this is a test case for how far nations can go in regulating global digital platforms. Secondly, the economic impact on X cannot be understated, with Brazil being one of its significant markets.

The situation has also sparked a debate on digital sovereignty versus global internet freedom. While some see Justice de Moraes’s actions as necessary to protect Brazilian democracy, others view it as an overreach, potentially stifling free expression. As X users in Brazil scramble to find alternatives or use VPNs to bypass the ban, the world watches closely to see if this could set a precedent for other nations grappling with similar issues.

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Media

Assange’s Freedom: A Blow to the Neo-Con and Neo-Liberal Elite

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In a surprising turn of events, Julian Assange, the controversial founder of WikiLeaks, has been freed from prison, sending shockwaves through the political establishment. For years, Assange has been a thorn in the side of the global elite, exposing their secrets and lies to the world. Now, as he walks free, many on the right-wing populist side of the aisle are celebrating, while others, particularly those with skeletons in their closets, are trembling in fear.

The release of Julian Assange is a victory for truth and transparency. For too long, the powers that be have operated in the shadows, manipulating the masses and advancing their own agendas. Assange and WikiLeaks have been instrumental in shining a light on the dark underbelly of global politics, revealing the corruption and deceit that permeates our institutions.

However, not everyone is happy about Assange’s newfound freedom. Neo-cons and neo-liberals, who have long been in cahoots with the global elite, are terrified that their treasonous activities will be exposed. They fear that Assange’s release will lead to a flood of information that will expose their lies and destroy their carefully constructed narratives.

Take, for example, Mike Pence, the former Vice President of the United States. Pence, a known neo-conservative, has been a vocal opponent of Assange and WikiLeaks. Why? Because he knows that his own treasonous actions could be exposed. Pence has been accused of colluding with foreign powers and selling out the American people for his own gain. The release of Assange could be the final nail in the coffin for Pence and his ilk.

The truth is, the opposition to Assange’s release is not about national security or protecting classified information. It’s about protecting the interests of the global elite and their puppets in government. The neo-cons and neo-liberals are terrified of losing their grip on power, and they will do anything to silence those who threaten their reign.

But the people are waking up. They are tired of being lied to and manipulated. They are hungry for the truth, and they will not be silenced. The release of Julian Assange is a step in the right direction, but it is only the beginning. The fight for truth and transparency is far from over.

As a right-wing populist, I believe that the people have a right to know the truth about their leaders and the institutions that govern them. I believe that the global elite and their puppets in government should be held accountable for their actions. I believe that Julian Assange is a hero, and his release is a victory for the people.

So, to Mike Pence and all the other neo-cons and neo-liberals who oppose Assange’s release, I say this: The truth will come out, and you will be exposed for the traitors that you are. The people will not be silenced, and they will not be fooled. The fight for truth and transparency is just beginning, and we will not rest until justice is served.

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Politics

Populist Politicians Must Separate From Zionism To Truly Win

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In a stunning turn of events, populist parties across Europe have made significant gains in the recent elections. From Italy to France, Germany to the Netherlands, these political outsiders have captured the hearts and minds of millions of disillusioned voters.

In Italy, the right-wing populist Brothers of Italy party secured the highest vote share of any single party in the nation’s recent election, making its leader, Giorgia Meloni, the likely prime minister. Meloni’s party has been riding a wave of anti-establishment sentiment, promising to put “Italians first” and curb immigration.

In France, the National Rally party, led by Marine Le Pen, made significant gains in the European Parliament elections. Le Pen’s party has been a thorn in the side of the French establishment for years, advocating for stricter immigration controls and a more nationalist agenda.

In Germany, the right-leaning Alternative for Germany (AfD) saw a surge in support, coming in second place in the European Parliament elections. The AfD has been gaining traction with its anti-immigration stance and skepticism towards the European Union.

In the Netherlands, the populist Forum for Democracy party made significant gains in the European Parliament elections, coming in second place. The party has been tapping into Dutch voters’ concerns about immigration and the influence of the European Union.

The rise of populist parties across Europe is a clear sign that many voters are fed up with the traditional political establishment. These parties have been able to tap into a deep well of discontent, promising to shake up the status quo and put the interests of ordinary citizens first.

However, the true success of these populist movements will come when they disassociate Europe from zionism and focus on the European people, their cultures, and their interests. Populism isn’t about being anti-anyone. It’s about being pro-European. It’s about standing up for our people, our culture, and our interests. And as long as populist movements stay true to that mission, they will continue to thrive.

So, to all the populist leaders out there, keep doing what you’re doing. Keep fighting the good fight. And remember, the people are watching. Don’t let them down.

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