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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

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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Politics

Mexico to Elect a Jewish President, Creating Concerns of Representation

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In a historic turn of events, Mexico is on the verge of electing its first president with a Jewish background, Claudia Sheinbaum. This milestone in the nation’s history has sparked a wide array of reactions, ranging from excitement to skepticism.

The potential election of Sheinbaum, a former mayor of Mexico City, represents a significant shift in the country’s political landscape. If elected, she would join the ranks of the few Jews outside Israel who have been elected to their country’s highest office, including Janet Jagan of Guyana, Ricardo Maduro of Honduras, Pedro Pablo Kuczynski of Peru, and Volodymyr Zelensky of Ukraine. This achievement underscores the diversity and inclusivity of Mexican society.

However, this development has also raised questions about representation. Some argue that Mexico, a country with a rich and diverse history, should be led by someone who is “Mexican” in the traditional sense. This argument stems from a desire to see the country’s leadership reflect its population, which is predominantly Catholic and of mixed European and indigenous descent.

The debate over what it means to be “Mexican” is not new. It’s a complex issue that has been debated for centuries, with various groups claiming to represent the true essence of the nation. The potential election of a Jewish president adds another layer to this ongoing conversation.

On one hand, Sheinbaum’s potential election could be seen as a step towards a more inclusive and diverse representation of Mexico. It challenges the traditional notions of what it means to be Mexican and could pave the way for greater acceptance and understanding of different cultures and religions within the country.

On the other hand, some argue that Mexico should be represented by someone who shares the same cultural and religious background as the majority of its population. They believe that a president who understands the unique challenges and experiences of the Mexican people would be better equipped to lead the nation.

The truth is, Mexico is a diverse country with a rich tapestry of cultures, religions, and traditions. The election of a Jewish president would not diminish the country’s Mexican identity, but rather add to it. It would demonstrate that Mexico is a nation that embraces diversity and is open to different perspectives and ideas.

However, there are concerns that Sheinbaum may use her position of power to help Israel or the Jewish community, potentially at the expense of focusing on the issues that directly affect Mexicans. This fear stems from the fact that she is the first Jewish president in a country where the majority of the population is not Jewish.

While it’s important to address these concerns, it’s also crucial to remember that a president’s primary responsibility is to serve the entire nation, not just a particular group. Sheinbaum, if elected, will be the president of all Mexicans, not just the Jewish community.

In the end, the question of whether Mexico should be represented by a Jewish president or not is a complex one. It’s a question that goes beyond the identity of the president and touches upon the very heart of what it means to be Mexican. Regardless of the outcome of the election, one thing is clear: the debate over representation in Mexico is far from over.

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Politics

AIPAC Tracker Exposing Sold-Out Politicians

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In the realm of U.S. politics, the American Israel Public Affairs Committee (AIPAC) has long been a powerful force, shaping policy and influencing elections through its financial contributions. However, the emergence of the AIPAC Tracker has brought a new level of transparency and accountability to the political landscape.

The AIPAC Tracker is a platform designed to provide comprehensive information on the financial contributions made by AIPAC and other pro-Israel groups to U.S. politicians. By tracking and compiling data on these contributions, the AIPAC Tracker aims to increase transparency and inform the public about the extent of AIPAC’s influence on American politics.

The AIPAC Tracker has been instrumental in promoting transparency in political financing. By compiling and presenting data on contributions from pro-Israel groups, the tracker enables the public to understand the financial ties between politicians and these organizations. This transparency is essential for a healthy democracy, as it allows voters to make informed decisions about the candidates they support.

Additionally, the increased accountability encouraged by the AIPAC Tracker can lead to more responsible and ethical behavior in the political arena. The AIPAC Tracker has also played a significant role in fostering dialogue about the influence of interest groups on U.S. politics. By providing a clear and accessible platform for understanding the financial connections between politicians and pro-Israel groups, the tracker has encouraged discussions about the role of lobbying in the democratic process.

As the public continues to demand greater transparency and accountability in politics, platforms like the AIPAC Tracker will play an increasingly important role in shaping the democratic process and ensuring that the voices of the people are heard.

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