Tales From the Biden/Xi Summit

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OK, tales from the big Biden, Xi Jinping summit in San Francisco. First and foremost, got up right in early this morning. I want to get the rundown of what was taking place. First thing I saw was, you know, Biden gaffe. He was asked by the media after he had a little question answer thing with the media about whether or not he still considers Xi Jinping a dictator. Now, he made those comments.

in the past. I think this was right around the time the whole Chinese spy balloon thing was taking place. And he said, yeah, Biden said, yeah, he is different. I’m paraphrasing different system than ours. But yeah, he is. I don’t think that that’s what his handlers wanted him to say. They kind of ushered him off and kicked all the reporters out pretty quickly. At this point in time, and I’m being honest and I think that

Even the Democrats and leftists out there would agree that the guy shouldn’t be taking questions off the cuff. He shouldn’t be taking questions off the cuff. And again, you’re going to have a lot of conversation taking place about this. And Xi Jinping sizing up Joe Biden and what he thinks about Joe Biden. China, they’re not stupid. Xi Jinping is not stupid.

they recognize like we should recognize here that Biden’s not calling all the shots. Okay, he hasn’t been calling all the shots for a long time. Everybody cracks jokes about the weekend at Bernie’s type of a president, but he has his handlers. He has his handlers. This is why they does not like holding press conferences. Why they’re going to do everything and anything that they can to avoid any sort of debates.

in this election. This is why even in, you know, last time around, most of his campaign was held from a basement where he could avoid a lot of that nonsense. But anyway, I mean, think that Xi Jinping is sizing up Biden. He’s not sizing up Biden. He understands that the United States of America is not just the president of the United States. So let’s take that and put that aside. Again, supposedly we receive concessions.

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from China when it came to the various different precursors to fentanyl and those being sent over, gonna look to crack down on that. There was back and forth also in regards to technology transfers. Basically, Xi Jinping came out and said that the United States and China, they can be either, we can either be adversaries or partners and he doesn’t want, there can’t be a middle ground there. And

Again, I’ve always fallen under the camp of trust, but verify and has China taken advantage of our good graces over the years? Yes, they have. But we allowed that. We allowed that. I mean, we allowed a lot of this stuff to happen. And this is going back and go back to the Clinton administration and the technology transfers that took place with Lural Space.

and the advancement that they had missile technology based upon the stuff that in essence, we almost we handed over to them. So again, there’s pullback at this point in time, but it’s been my point, my convention for a long time that it does not, this does not have to end up in some sort of hot war by any stretch, nor does it have to even be a Cold War type of a situation. People keep trying to frame it as such right now and

again, from us Cold War kids, wasn’t a lot of business being done between the United States and Russia during the Cold War, where it’s most certainly different right now. And last night there was also a major big dinner with some major US companies, corporate titans they’re calling them. And yeah, they gave a bit of a, they gave a round of applause.

and talking about, you know, the again, trying to alleviate bilateral tensions, emphasizing the room for both nations to work together. And again, that’s what I’m pushing for, as well. I mean, that’s what I’d like to see happen. That’s what I think that we can achieve. And I’ve said this again, it’s not in their interest to engage in any sort of hot war either. It’s not. Now when the

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The point of Taiwan has come up, it was a bit of a back and forth there with, you know, China is, you know, basically, you know, listen, they have their one China policy. That’s what they want. They asked questions about us continuing to arm Taiwan. I don’t know how it’s going to end up. Again, we’ve covered it here on the program talking about, you know, the overall feelings of the Taiwanese people.

and whether or not they’re even willing to go to war, much like watching what’s taking place in Ukraine right now. I don’t even think that they have that type of fervor. And again, if you follow along the lines of the thinking, I mean, the multi-millennial thinking of China is they don’t like firing shots. They don’t like to go to war. They like to, and what they’ve…

throughout their history almost assimilate their neighbors and other cultures. And again, I find it fascinating. Again, for extended periods of time, they were the most advanced society on the planet by far. By far, I have GDP was bigger, a myriad of different things. And again, they failed on a myriad of times because they said, screw this, we don’t need the rest of the world and shut their borders.

and said, we don’t want to do business. And then again, it led to problems and conflicts that they eventually had. Their arrogance kind of tore them down thinking that, you know, what do you mean? Europe is going to come and they’re going to take advantage and they’re going to do business. They didn’t think it was possible. But it’s always been their thinking is that they want to assimilate, not assimilate. People seem to think assimilate, they think that’s Star Trek bad guys there, the Borg.

who wants to, you know, in essence, they want to infect and assimilate. Now, this is not what they’re doing. They want people, and this has been pretty much their history. It’s almost like a tribute system by neighboring countries, which had taken place for an extended period of time. I do I believe that I think that they want to that their desire is to invade Taiwan and to invade these other places. No, I do not.

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I think that again, they’re offering an alternative and they’re looking to get people to come over to their side. Why do you think they’re going around the globe and spending all of this money and investing here, there and everywhere? And many of these investments now, the way that they were structured, haven’t worked out well. And many of these countries are pushing back against some of these overtures by the Chinese government over the years. Some have not.

Some are saying like I mentioned yesterday on the podcast, you know, famous quote there. So you know, we get a lecture from the Americans on a regular basis, probably from John Kerry in regards to some sort of green nonsense. China builds us an airport, China builds us a bridge. And again, that’s how you want to compete, you want to bring people over to your side. So again, I know they’ve got a lot of hawks out there. Got a lot of hawks here in this country, you know, constantly talking about the threat to China adversary, the

you know, big scary and they’re gonna look to take us over. I don’t see that happening. Do I think that we have?

Proper leadership at this point in time to, you know, kind of channel this relationship and move it forward and make it productive? No. But again, like I said, the Chinese are not stupid. I think that they’re well aware. They’re well aware of the, you know, Joe Biden’s position and they’re well aware of how this country works. And you know, there’s going to be somebody new in there eventually at some point in time. They’re at a weak moment, a very weak moment.

And I can’t stress this enough. This is what happens when you centrally plan an economy. You get waste, you get empty buildings. I mean, there’s so many issues that are affecting their economy right now. And none of it good. None of it good. The fact that people don’t wanna get married, they don’t wanna have kids, they don’t see much of a future, they’ve got a deflationary spiral, people aren’t spending money.

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Their assets are dropping in value, kids can’t get jobs. We can go on and on and on and on and on and on and on. So they need us. There’s no doubt about the fact that they need us. The idea that all of a sudden that they’re gonna step into and take Taiwan by force and all of a sudden it’s gonna solve all of their problems. It’s not. It’s gonna make their problems worse and they know that. They want to.

They want to assimilate Taiwan with Taiwan saying, hey, you know what, we want to come over to China. That is their ultimate goal. And again, I suggest you can do this on your own. Pick up some books. Kissinger’s got a great book on China that I highly recommend, and trying to understand who your adversary is. Watchdogonwallstreet.com.