Conspiracy theory aside, we all have witnessed successful corporate grand theft auto from the 2008 financial crisis by the ‘Jewish money’, highlighted by the bailout of AIG Insurance, among many others, who had hit the peak of a 20-year-long Neoliberal profit carnival initiated by Reagan and Thatcher.

photo: the Guardian

Starting in mid 2012, however, here comes a new massively influential financial power collectively called ‘China Money’. It is comprised of $3 trillion held under People’s Republic of China, officially the largest foreign currency reserve ever accounted to a single state, and the wealth of roughly $3 to 5 trillion owned by the truly worldwide, economic connection of the overseas Chinese(華橋, huaqiao), totalling up to roughly $9 trillion. But this is merely the lowest estimate, since the size of off-the-book assets and shadow banking must be even beyond our imagination.

On the other hand, the true volume of almighty yet amorphous Jewish capital is shrouded in mystery; and there really is no point in guessing it anyway. They have already secured the Federal Reserve’s magic of dollar printing. So let us do some actually meaningful guessing here: What does rising China Money dream of?; If the Jewish money and China Money ever clash, which titan is going to be the last one standing?

 

China Money’s real estate fetish.

The $2 billion purchase of Waldorf Astoria Hotel in Manhattan’s 5th Avenue last October by the Chinese Anbang Group drew huge attention. But was just a small part of China Money’s grandiose global takeover. It had already bought London’s Lloyd’s headquarter in May, One Chase Plaza in its entirety, and 40% stake in the 50-story General Motors Building. In miserably bankrupt Spain, China is the owner of the Spain Tower, a signature landmark of Madrid.

Pristine Jeju for the next Macau

Korea is no exception to China Money’s property buying spree. As one can assume from the fresh new buzzword “Jeju fever’, it loves the South Korean vacation island. Although only 0.4% of the island’s area is owned by the wealthy Chinese, what should surprise us all is the rate at which China Money is taking overㅡnearly 300 times increase within just 5-year period from 20 thousand m² in 2009 to 5.9 million m² by June 2014. And they are not buying up just any land. The posh Chinese buyers carefully select commercially strategic points where condominiums and big casinos are on their way, which will transform pristine Jeju island into the next generation Asian Las Vegas. Furthermore, with Jeju as their expedition base, they plan to expand into the peninsula. Yeonnam-dong area is de facto Chinatown of Seoul; and with this momentum, vibrant hot spots within the city such as Hongdae and Gangnam are soon to fall under their hands.

 

The Dragon, Shylock, and Samuraiㅡ Compare and Contrast

From these observations, anyone would quickly notice that China Money, especially the overseas Chinese’s, has a particular affection for real estate as the primary form of capital. This is quite unique compared to Jewish financiers, China’s fellow adherents of mammonism, who generally prefer control over the financial system to land ownership. Simply put, the Chinese style is buying out buildings and steadily ‘screwing’ the tenants by collecting rents and fees; the Jewish style generates value added through the means of predatory shareholding and ‘fucking’ their employees.

This difference may trace back to their respective historical experiences: the Jews, having no home for thousands of years till the establishment of modern Israel, had to rely on mobile-friendly assets like stocks, bonds, and gold, which are easy to pack and take off with. The Chinese, in contrast, has never gone through such urgency in relative terms, for China itself literally means the ‘Center of the World.’(中國 zhongguo, ‘the Middle Kingdom’) The Celestial Empire has forever been there intact, and even the overseas Chinese, who more or less left the mainland due to periodic turmoils, chose to thoroughly localize into wherever they wereㅡactive land acquisition being the first step.

Asses carry the oats and horses eat them
and you ALWAYS gotta be the horse.

Either way, Chinese or Jewish, they both stay loyal to the age-old principle of wealth maximization: Asses carry the oats and horses eat them, and you ALWAYS gotta be the horse at all costs. Take the case of hallyu(한류), the Korean Wave. In Japan, the first offshore market where the popularity of Korean media contents really hiked, they would laud, worship, and insatiably consume all things Korean until that fervor died out just a few years ago, the point from which the party completely halted. They have even stirred a cultural antithesis countering the Korean Wave called kenkanryu(嫌韓流), which literally translates ‘hating hallyu.’ The Samurai capital is thus typically characterized as consumption-driven, insular, and self-centered.

tudou

Tudou, a Chinese video streaming service, is already in exclusive partnership with Korean media producers.

Hallyu’s application to China Money varies on this. China never denounces or undercuts the charms of Korean dramas and cinema. It rather enlarges its pie to the fullest extent possible. What shall follow is an immense confluence of the Korean Wave with China’s. Not only the Korean actors/actresses and idol stars, but the system of entertainment production itselfㅡproducers, writers, camera directors, even the licensesㅡis gradually bought out. The finale of such process would be the domination of distributional channels through which these Korean entertainment contents get supplied, finishing up the whole value cycle.

So in the long haul, as hallyu boom continues, as more asses are exploited to deliver more oats, the Chinese horses grow fatter and richer.

 

The Memories of Rockefeller Center

Understandably, there are those who remain skeptical on the prospects of Chinese wonder by reflecting on the boom-and-bust story of Japan in the 80s. Japan used to fly back in those days: 33 out of the world’s 50 biggest companies were Japanese, and they too went on a global-scale property hunting as China does now. From the Hollywood motion picture giantsㅡSony Pictures is still the unchallenged No.1 tycoon of the media industryㅡ in the West Coast to the skyscrapers of NYC in the East,ㅡMitsubishi used to own Rockefeller Center, the ‘heart of Manhattan’ㅡ the Samurai capital seemed to sweep the board, until the Jews could no longer put up with this sacrilegious encroachment into their turf.

We all know what happened next: with a cunning trick called the Plaza Accord, they dumped Japan into 2 decades of deflation, while the Goldman Sachs took the Center back, and again by Tishman Speyer L.P., another hunchman of the Rockefeller family.

This ‘Memories of Rockefeller Center’ is the main reason many predict that the course of China Money will be no different. But I think otherwise. Unlike Japan, which is heavily dependent on the US in politics and security, China Money is backed by the next potential hegemon whose population reaches 1.3 billion, far bigger than the US, Europe, and Japan put together. We are talking about this gigantic country which is both the ‘factory’ and ‘marketplace’ of the Capitalist world at the same time.

 

The Prospects of the Fight

Who ‘really’ holds the largest U.S. debt?

The rise of China Money sheds light on another significant issue concerning many market participants this season: the tapering and possible raise in interest rate by the US. The odds for the rate raise is very much low if you consider who the largest US Treasury bill holders are. By the first quarter of this fiscal year, the order goes: China($1.27 trillion), Japan($1.2), followed by Belgium($381.4 billion), which is, by the way, pretty much the Russian roundabout collection.

What is missing from this list; however, is the Federal Reserves itself. It is none other than the FRB who, through the gimmick of so-called quantitative easing, has been swallowing up all kinds of US dollar assets, essentially the Treasury, worth $4 trillion since the tragedy of 2008. This slightly changes the order of the largest bond holders as the following: The Jewish money(disguised as the FRB), China Money, sickly Samurai money, and then Russia.

Raising the interest rate at this critical time will only result in sudden devaluation of the greenback and a huge loss in asset value. This is why the rate raise has to be the last resort in sequence; this explains why the whole Forward Guidance policy from the FRB has quietly disappeared. Notifying everyone that “we are going to raise it when the unemployment is this, and inflation rate is that” can dilute the surprise tactic FRB tries to pull out.

By securing real properties and weighing more
on domestic consumption…
turning China into the next America.

Naturally, the Jews will attempt to subvert their strongest rival before they ever have to take out that final card. China Money knows that as well, so it was compelled to make the first move by securing real properties and transforming the structure of China’s economy to weigh more on domestic consumption, similar to that of America.

Additionally, if China can put the vast Asia-Pacific region under its sphere of influence, it will feel confident to not only fend off the Jewish schemes but also strike back at certain point. It will be unprecedented challenge to the Wall Street, who supposedly has been ruling the world without many hurdles. What about the United States? The source of America’s greatness is the Jewish capital who has chosen it as their hostㅡand shifting hosts is in the nature of all shrewd parasites.

 

The One Who Shall Turn a Somersault In 2015

Will Koreans continue benefiting from the rise of China as it has for last decades?

If there is any relieving news after these overwhelming discoveries on the might of our financial titans, it is that both of them have fallen in love with South Korea. I would say this is another proof that Korea is impeccably positioned at the most strategically volatile location in the world economy as much as in geopolitics. Will the Koreans fall victim to this unique circumstance, or rather turn it into their opportunity? Let us see what the year 2015 is ready to unfold.

Byunghun

Byunghun

Founder, editor-in-chief