Analysis: Accounting risk clouds big U.S. business bets in China

china is a scourge on the planet, our environment, and our global economy.

If Reuters wanted you to comment here they would put the most reeent posts on top. I guarantee you those on the “other side of the pond” do not have their Outlook set up to receive their email at the bottom of their email box.

Modern China was MADE by the US corporations… cheapo labor, quick super-profits… heck with that overpaid American worker…
GREED IS SHORTSIGHTED by DEFAULT!

My partners and I left the US in 1999 after our intel sergeant told us that US companies were lying about their profits. We moved our money to Asia that had been in recession so the prices were low, and we made good profits when the countries recovered. Slowly, we moved to China because it was becoming the biggest economy. We missed the US Dot Bomb Bubble of 2000 in which US technology firms lied about their business prospects when they had no plans to make money from of their websites. This is similar to the Facebook IPO in 2012. US technology criminals cheated investors in the US, US allies, and the entire world.

We missed the US Accounting Scandal of 2002-2003 in which over 40,000 US CEOs, CFOs, COOs, corporate presidents, vice presidents, and senior executives in over 1600 US corporations lied about their profits to cheat their firms and investors out of huge bonuses that they did not earn. US business leaders cheated investors in the US, US allies, and the entire world.

We missed the US Accounting Scandal of 2008 to the present in which US financial institutions created sub-prime mortgages, made them 40% of the US mortgage market, created mortgage-backed securities for insurance, created hedge funds and derivatives for additional insurance, coerced the ratings agencies into giving the securities AAA ratings that they did not deserve, and sold the bogus securities to investors in the US, US allies, and the entire world.

The failure of the Bush and Obama regimes to prosecute more than a handful of the US corporate crooks did not make the crimes legal; it made the Bush and Obama regimes “accessories after the fact” to the crimes. (Look up the legal term in quotations.) Stories continue to appear that show US firms paying fines “without admitting guilt.” A recent story mentioned US prosecution of officials of the Royal Bank of Scotland, not US financial officials. The US economy remains in the hands of criminals; the Bush regime was a criminal organization; and the Obama regime is a criminal organization.

Our experiences in China have been far better than our experiences in the US, so we watch the US and visit our remaining properties in the US occasionally. We do not invest in the US, and we advise everyone to avoid investments in the US at this time. If you do not like China, try Australia or Canada. We have holdings there and in other places.

As former Special Forces soldiers, we grew accustomed to working with the US government, so working with China’s government is not strange for us. We also gained advanced degrees, so we can do more than fight. We had unusual assignments in Special Forces, so tasks from Chinese officials give us new experiences and challenges. You only live once, so accomplish as much as you can. We work 50 to 60 hours per week, so we match China’s work ethic more than that of the US. We have our families here now, and we can afford the penalties and taxes for having more than one child. It’s a sensible policy because children will need schools, clinics, and social services, and parents should pay for them. Happy Lunar New Year!