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Jack Kreuz
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Respect for the rights of others means peace.
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  • China's Massive Ponzi Scheme
    The Renaissance is marked with a revival of former trade routes and the discovery of new ones. Since Italy was at the intersection of old and new trade routes, it was the region where cultural flowering was most notable. This cultural flowering was found not only in libraries, workshops and churches but in kitchens as well. By combining noodles, coming from China, with tomatoes, coming from the Americas, Italy invented a new culinary creation: pasta.

    Several hundreds years later, another cultural movement is being marked by a revival of former trade routes and the discovery of new ones: Globalization. This time, however, the most notable country is China. By combining a financial system, coming from America, with Ponzi's scheme, coming from Italy, China invented a more elaborate version of Carlo's infamous hustle that if it were to be named it could be called: massive Ponzi scheme.

    China's massive Ponzi scheme gives foreigners the illusion that not only their private property will be protected in China, but their investments will be increasingly profitable as well. And so, driven by hope, more and more foreigners pour money into China. They buy shares of Chinese companies listed in exchanges around the globe. They directly invest in China by building brand recognition, research centers, factories, stores and restaurants. These foreigners receive validation to their decisions by the double digit growth that the Chinese government and Chinese companies report year after year.

    But little do most foreigners know that a few of them, one by one, has lost more than their money by now. In addition to losing their money, these foreigners have also lost their brands, patents, copyright, merchandises, factories, buildings and even their liberty by way of extortion. These foreigners are the first wave of victims in China's massive Ponzi scheme. Although their testimonies could put into evidence China's machinations to foreigners who are about to invest there, they could also serve as the catalyst for the crumbling of China's skullduggery which will bring a second and, hopefully, final wave of foreign victims.
    Jul 03 9:59 PM | Link | Comment!
  • Nestle to Lose Money in China
    Because Nestle has the China fever, they are ready to waste several hundreds of millions of dollars in fueling China's massive ponzi scheme. This time, they are buying a dodgy company called Hsu Fu Chi International, a Singapore listed company incorporated in the Cayman Islands that supposedly sells over one billion dollars in candies, cakes and cookies in China. Even though they have 260 million dollars in cash, they requested a bank loan of 85 million dollars. After the takeover goes through, Nestle will be in denial, for quite some time, that they will never recover their money. Hopefully, at some point in the future, Nestle will recognize that they had been duped and had fallen for the mirage that is investing in China, where the abundant profits that can be seen from a distance suddenly transform themselves into intimate losses to thirsty foreigners. Maybe then they will promise themselves never to go back to a country whose growth is based in embezzlement of foreigners' assets.
    Jul 03 9:22 PM | Link | Comment!
  • Opposing Asylum Seekers and Refugees Programs
    Many governments put forward socialist programs that are intended to protect asylum seekers and refugees of other nationalities by allowing them to enter the sponsoring state and then providing them with shelter, food and employment. In order to finance such programs, taxes are collected from domestic citizens. Such a policy has the effect of transfering capital from the domestic population to a foreign population. Domestic citizens should not be forced to collaborate with people of other nationalities. Rather, they should be free to collaborate with people of other nationalities if, individually, they are willing to do so.
    Jun 14 12:32 PM | Link | Comment!
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