Recession fears can by itself be a self-fulfilling prophecy


 

AS talk of a recession picks up, a veteran fund manager, Ang Kok Heng of Phillip Capital Management Sdn Bhd, correctly points out that the Malaysian stock market has been in “recession” in five of the six years since 2014.

Hence, he does not envisage how it can get worse for the Malaysian stock market if the global economy does go into a recession next year. Fears of a global recession have picked up pace based on the behaviour of the US yield curve.

The yield curve, which charts the spreads of US debt papers of various tenures, has inverted several times in the past few weeks. Most people would not understand what an inverted yield curve means.

Simply put, it means long-dated debt papers of 10 years giving lower returns compared to shorter-term debt papers such as two-year US Treasuries. It causes what is called an inverted yield curve.

It goes against the normal behaviour of US Treasury yields because long-term debt papers should give a higher return than short-term papers.

The consequence of an inverted yield curve is that it will lead to banks reducing their lending activities because their margins are narrow. Eventually, it results in companies reducing their activities and the country going into a slowdown or recession.

An inverted yield curve has been the precursor to all past recessions (see diagram).

However, there are some who are disputing the fears of an impending global recession based on the behaviour of the bond yield curve. Their reason is that the bond yields are not behaving as what they should due to the governments all around the world printing money to keep interest rates artificially low since 2009.

Interest rates have become so low to the extent that European banks are offering no returns on deposits. This means depositors do not get any money for keeping their money in the banks. Borrowers instead get discounts on their installments.

It’s happening in Europe because government bond yields there have turned negative.

For instance, the yield on 10-year Switzerland bonds is negative 0.74%, while German bonds of a similar tenure yield negative 0.52%. From France to Denmark, government debt papers have negative yields.

Only some countries such as Portugal and Spain still have positive yields on their debt papers.

Analysts believe that this has resulted in investors resorting to buying US debt papers that still offer positive yields. Hence, the price of bonds across all tenures in the US has gone up, causing their yields to come down.

The search for yields has also resulted in the narrowing of the difference between what the two-year and 10-year debt papers offer. And there have been several occasions in the last one month when the yield on the 10-year paper was lower than the two-year debt papers.

Apart from the behaviour of the yield curve, the other indicator that is seen as a precursor to a recession is the declining manufacturing sector all around the world caused by the trade war between the US and China. The Purchasing Managers’ Index (PMI), which is a leading indicator to assess the state of the economy, has been declining for all major economies.

For Malaysia, the PMI has been less than the 50-point benchmark for almost a year now. The same trend is seen in China, while the indicator has started to decline in the US in the last few months, which some see as a result of the trade war.

The trade war has caused supply disruptions, impacting the manufacturing sector.

However, there are other indicators that do not indicate a recession is imminent.

Banks are fairly well-capitalised and have pulled the brakes on lending. We do not hear of banks being impacted by major corporate defaults except for some financial institutions in China. Malaysian banks, for instance, have weathered the storm quite well so far, thanks to Bank Negara keeping a tight rein on their lending activities.

There has not been any run-up in asset prices. Property prices in countries such as Malaysia have remained subdued since 2015 after Bank Negara pulled the brakes on lending. Since 2014, Bursa Malaysia has closed lower every year, except for 2017.

The only exception of rising asset prices is Wall Street that has soared to record highs. Stock prices are hitting all-time highs due to improved earnings growth.

Technology companies such as Apple and Amazon are US$1 trillion companies. The other technology companies such as Facebook and Alphabet are enjoying growing valuations because of earnings growth.

No other stock exchange in the world has such a large concentration of technology companies than the exchanges on Wall Street. All technology companies, even from China, want to list on Wall Street.

Even Alibaba is listed on the New York Stock Exchange and not in Hong Kong.

It has been 11 years since the last recession, but the world’s central banks have resumed their printing of cheap money to keep interest rates low. The European Central Bank has resumed quantitative easing, while the US Federal Reserve is reducing interest rates. In essence, central banks are taking these measures to prevent a slowing economy going into recession.

In the meantime, it has caused fear among people and companies. Companies are holding back on spending, and in fact, cutting down on their debt.

A clear indicator is in the US where companies raised the most amount of corporate debt. Apple and Disney raised US$7bil worth of debt papers to reduce their borrowings.

In Malaysia, corporations have been deleveraging for the past few years in anticipation of a slowdown. Companies are not expanding, as indicated by the declining private-sector gross capital formation.

It is only reasonable for companies and people to save for the upcoming rainy days. Even governments are cautious in spending. For instance, in the upcoming Budget 2020, many are expecting the government to start spending. But there is also a view that the government will adopt a cautious stance as it continues to strengthen its balance sheet and reduce debts.

If nobody spends for fear of a recession, it would be a self-fulfilling prophecy.

Most people are expecting a recession, meaning negative growth. Fear of a recession has translated into a slowdown that the world and Malaysia are experiencing. If this fear continues to perpetuate, a recession would be a self-fulling prophecy.

It is good to be fearful, but being too fearful and conservative will also result in lost opportunity.

As Ang of Phillip Capital puts it, in times when fears of a recession seap in, cash must be held to seize opportunities. Holding cash as an investment is not a wise option.

By M. SHANMUGAM , The views expressed here are solely that of the writer. Source link

 

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Malaysia’s Public Universities Falling Behind


Malaysian public universities’ worst nightmare is beginning, with local private universities rapidly rising and making their presence felt in university rankings.

The respected World University Rankings now places Universiti Tunku Abdul Rahman (UTAR) as the country’s second-best university just behind its oldest public university, University Malaya (UM). QS International University Rankings this year placed the private UCSI University sixth and Taylors University eighth. Other rankings mention Swinburne University of Technology, International Medical University, HELP University, and Sunway University among others as being in Malaysia’s top 10.

Malaysian public universities and the Ministry of Education have been fixated on rankings for many years. Ang small rise in any ranking is extolled by the media. Malaysia even has its own domestic ranking system SETARA, but this is not without criticisms. In 2017, the Malaysian Qualifications Agency (MQA) gave eight universities the highest ranking of six stars and 21 the second highest ranking of five, indicating there is not much room for these universities to improve.

This nonsensical ranking system ignores the wide gulf between Malaysian universities and universities in the rest of the world.

What is hindering Malaysian public universities from achieving their full potential? It seems to be their sense of purpose.

University mission statements are public pronouncements of the institution’s purpose, ambition, and values.The general mission statements of the country’s public universities state the prime purpose as producing graduates who will be skilled and highly sought after employees of industry. This is a mechanistic, utilitarian approach, a discourse that is purely industrial and regimented.

What is absent is the desire to assemble a diverse intellectual community and pursue knowledge and education for the betterment of the individual and society — something more holistic than the narrow education path extolled in these outmoded mission statements.

Many graduate qualifications don’t match the country’s needs. There is a large surplus of graduates with technical degrees that can’t be absorbed into the workforce. Graduate unemployment was 9.6 percent or 204,000 at the end of 2108.

These mismatches and surpluses are the result of the insistence of central control by the Ministry of Education. There is lack of autonomy in public universities about what courses can be taught. The Ministry of Education operates like a ministry would in the Soviet Union during the 1950s.


The Malay Agenda

Malaysia’s public universities are an instrument of the government of the day.

One vice chancellor told Asia Sentinel that an important covert role of public universities is to pursue the “Malay Agenda.” This is reflected in the ethnic mix of academic, administration, security, and maintenance staff, and the high percentage of Malays in university student populations. Public universities prefer to employ foreign Muslim academic staff from India, Bangladesh, Myanmar and Iraq, rather than Malaysian citizens who are of Chinese or Indian origin. Most, if not nearly all office holders at public universities are Malay. Administration staff numbers tend to be bloated and inefficient due to lenient work procedures compared to their private counterparts.

Public universities are Malay bastions. They have become enclaves not demographically representative of the communities they serve. Organization is extremely hierarchical and authoritarian. Expertise is recognised through position and not knowledge. This creates a master-servant, rather than collegiate culture within faculties and administrative departments. In such environments, nepotism over powers meritocracy. Thus, there is little positive within these environments for people with fresh ideas and constructive criticisms. People who question and try to improve things usually don’t last long.

What is holding public universities back is the Malay Agenda, which is not conducive with diversity, critical thinking or intellectualism.


The Islamic Agenda

The appointment of Maszlee Malik as the Minister of Education has exacerbated the furtherance of an Islamic agenda in public universities. This is not in the Malaysia Education Blueprint 2015-2025 (Higher Education) or an edict approved by Federal Cabinet. It’s not part of the Pakatan Harapan election manifesto. Malaysian universities are being reformed in Maszlee’s vision rather than the national policy. The minister’s infusion into public universities of his Islamic vision is not the moderate, tolerant and accommodating Islam that Malays have practiced for hundreds of years but a Salafi-Wahabism slant that demands conformity and strict adherence.

This form of environment within public universities runs against the principle of diversity, free expression, critical thinking and creativity. The resulting organizational culture is an authoritarian environment that frowns upon freedom of expression of different ideas and diversity.

Malaysia is now witnessing the opening of a fissure into two completely different philosophies of higher education. On one side are the public universities with a structure and culture purporting to produce industrial fodder, and on the other side a private higher education sector made up of domestic private universities and Malaysian campuses of foreign universities which are beginning to emerge and being recognized in international rankings. One side carries the “Malay-Islamic” agenda of exclusion and the other, the pursuit of meritocracy.


Pursuing Change

The flaws within the public university system need to be firstly publicly acknowledged, then corrected. To date, the government has never conceded that it is pursuing the “Malay Agenda” in public universities. This is the subliminal agenda that is preventing any meaningful change and turning universities inward into their own introspection. Public universities can’t be changed without changing the intentions of the top echelon of government.

The first question is whether public universities should be pursuing Malay-Islamic agenda, or pursuing excellence in education and learning? This is where the reform process must begin.

The second question is whether public universities should follow the mechanistic development agenda or regenerate into something else? This question requires much informed discussion with various stakeholders.

This demands honest discussion. If the government wants to maintain the Malay-Islamic agenda in public universities, just say so and don’t waste time preparing policy blueprints which state otherwise. No change here and the rest is a waste of time.

If the first two questions are resolved, then a third question needs consideration. How can Malaysia’s public universities be fixed?

This has to start at the top. Before any reforms can be made, the culture within universities requires change. There are a number of prerequisites to achieving a positive culture change.

1.Public universities must be truly independent, autonomous, and transparent. A supreme body governing the university, a university council made up of the vice chancellor, deputies, deans, representatives from academic staff, administration staff, students, industry, community, and education should replace university board of directors. This means getting rid of all the deadweight and political crony appointees and replacing them with a committed governance group representing all stakeholders.

2.The university councils should appoint vice chancellors without any interference from the minister. This process should take place without fear or favour, purely on merit. The office holders shouldn’t be restricted to Malaysian citizens. The world should be scoured for the best people with experience in excellent universities to steer Malaysian universities into a new era.

3.Academic and administration staff need to reflect the population demographics of the country. Faculties need diversity, knowledge, experience, and know how. The apartheid approach needs to be ended at universities. The private universities are a  good example of what happens when diversity exists within academic staff. Rankings are quickly reflecting this.

4.The organizational culture of universities and faculties within them needs to be changed to eliminate feudal-like hierarchies, cronyism, and nepotism. These traits have to be replaced with a culture supporting meritocracy. This requires a leadership who shows by example. Deans with experience in reform and building teams will be required to reset these institutions.

5.There needs to be a set of standards that are fair for all to meet for university entry. This doesn’t mean there can’t be special entry programs for the disadvantaged. Many students now attending public universities would have been better off in the vocational system. Stricter entry standards will mean less students attending public universities and more in the vocational system that would better suit many students’ needs. This will help ease pressure on undergraduate teaching and raise standards very quickly.

Maszlee Malik doesn’t appear to have the interest or passion to lead the drive for excellence in public universities. He has been counterproductive through his appointments of vice chancellors. Religious credentials shouldn’t be a factor in selection.

If change can be made at the top, then the new broom can focus on granting full autonomy to public universities and change the Universities & Colleges Act so that university councils can be set up. The minister must denounce covert agendas and start a national dialogue about what Malaysian public universities should become. Finally, the apartheid nature of these insular institutions needs to be dismantled.

Ministers, bureaucrats, vice chancellors and deans don’t have to fly off to see Harvard or Oxford on the pretext to learn and emulate what is being done there.

Fortunately, within the public system there are some success stories. There are the examples within public universities that can learnt from where the elements of success can be transposed to other faculties within the public system. If this is not enough, vice chancellors only need to drive across town and look at some of the vibrant private universities as examples.

By:Murray Hunter,is a development expert based in Southeast Asia and a frequent contributor to Asia Sentinel.
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Best universities in Malaysia

World University Rankings

Explore the best universities in Malaysia, based on data collected by Times Higher Education
March 13 2019
Best universities in Malaysia

Malaysia is a country in South East Asia known for its stunning natural beauty and diverse population.

Made up of two main land masses, the Malaysian Peninsula and Malaysian Borneo, the country is known equally for its cosmopolitan capital and its wildlife-rich rainforests. The jungles of Borneo are home to over 1,000 species of animals, many of which are endangered. These include orangutans, clouded leopards and pygmy elephants.

By contrast, Kuala Lumpur – the nation’s capital – is a bustling metropolis, often used as a stepping stone to many other major South Asian destinations. Featuring the iconic Petronas Towers, the city’s impressive skyline is just one of KL’s many attractions. ​

Others include a canopy walkway 100ft in the air in the heart of the city, as well as the Batu Cave Temple, the stunning National Mosque and a host of museums.

Street food is incredibly popular and you can expect a varied cuisine with Indian,  Chinese and Malay influences.

Among all of this are some outstanding universities, which we have listed below, based on data collected for the THE World University Rankings 2019.

University of Malaya​

The University of Malaya, a public research university in Kuala Lumpur, is Malaysia’s oldest university, founded in 1905.

Initially established to cover the shortage of doctors in the country, the university has maintained its position as a leading medical
school.

It also offers bachelors degrees right through to doctoral qualifications across a range of other disciplines including economics, law, engineering, accountancy, linguistics and education.

The university also partners with several institutions across the globe, with links to Australia, France, Japan and the UK.

Universiti Tunku Abdul Rahman (UTAR)​

Situated across two campuses in Kuala Lumpur, Universiti Tunku Abdul Rahman (UTAR) is Malaysia’s second best university.

Established as a not-for-profit university in 2002, the initial intake was just 411. This has now risen to 2,500 students, who can choose from over 110 academic programmes of study. When the university first started there were just eight degree programmes.

UTAR is made up of nine faculties, three academic institutes, three academic centres and 32 research centres. ​

There are 56 registered student societies at the university including the yoga society, the international friendship society, the robotics society, the board games club, the  taekwondo club and the first aid society among others.


Best universities in ShanghaiBest universities in TokyoBest universities in Singapore Best universities in Hong KongBest universities in TaiwanBest universities in South KoreaBest universities in China


Universiti Kebangsaan Malaysia​

Universiti Kebangsaan Malaysia, or The National University of Malaysia as it is sometimes known, was initially founded to uphold the Malay language.

​Today, the university’s focus has switched to energy, with an emphasis on biotechnology and earth science.

UKM’s Tun Seri Lanang Library is one of the biggest university libraries in Malaysia, housing a collecting of over two million
resources.

The university has three campuses: in Bangi, Cheras and Kuala Lumpur.

And the rest…

You can also choose from a range of other universities in Malaysia.

Other institutions with a focus on energy include Universiti Sains Malaysia and Universiti Tenaga Nasional (UNITEN).

Away from Kuala Lumpur, Universiti Malaysia Sarawak (UNIMAS) is located on the northwest coast of stunning Borneo.

The Universiti Teknologi MARA (UITM) is the best of both worlds, with campuses in each part of Malaysia. ​


The top universities in Malaysia 2019

Click on each institution to see its full World University Rankings 2019 results

Malaysia Rank 2019 World University Rank 2019 University City/Area
1  301–350 University of Malaya Kuala Lumpur
2  501–600 Universiti Tunku Abdul Rahman (UTAR) Petaling Jaya
=3  601–800 Universiti Kebangsaan Malaysia Selangor
=3  601–800 Universiti Sains Malaysia Pulau Pinang
=3  601–800 Universiti Teknologi Malaysia Johor
=3  601–800 Universiti Teknologi Petronas Seri Iskandar
=7  801–1000 Universiti Putra Malaysia Selangor
=7  801–1000 Universiti Tenaga Nasional (UNITEN) Selangor
=7  801–1000 Universiti Utara Malaysia Kedah Darul Aman
=10  1001+ Universiti Teknologi MARA Selangor
=10  1001+ Universiti Malaysia Sarawak (UNIMAS) Sarawak

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Behind Hong Kong’s chaos lie deep-seated social ills



Chief Executive of China’s Hong Kong Special Administrative Region (HKSAR) Carrie Lam speaks during a media session in Hong Kong, south China, Sept 5, 2019. [Photo/Xinhua]

Economist: Island needs closer ties with China to improve

“Seclusion brings no development opportunity for Hong Kong,” said economist Lau Pui-King. “Some youngsters don’t understand that Hong Kong would be even worse if it is secluded from the Chinese mainland.”

“To come out of the current economic difficulty, Hong Kong needs to be linked with the Chinese mainland much closer and more effectively,” she said.

HONG KONG – Kwong loves the pure adrenaline rush he gets when he takes his motorcycle out on the weekends to light up his lackluster life.

The 35-year-old lives with his parents in an old and cramped apartment in the New Territories of Hong Kong. He has a girlfriend but is hesitant to get married and start a family.

“The rent is so high, and there is no way I can afford an apartment,” said Kwong, who earns 15,000 HK dollars ($1,950) a month. Renting a 30-square meter one-bedroom apartment would cost him about two-thirds of his salary.

“Future? I don’t think much about it, just passing each day as it is,” he said.

Kwong’s words reflect the grievances among many people in Hong Kong, particularly the young. Many vented their discontent in prolonged streets protests that have rocked Hong Kong since June.

The demonstrations, which started over two planned amendments to Hong Kong’s ordinances concerning fugitive offenders, widened and turned violent over the past months.

“After more than two months of social unrest, it is obvious to many that discontentment extends far beyond the bill,” said Carrie Lam, chief executive of the Hong Kong Special Administrative Region (HKSAR), referring to the now-withdrawn amendments.

To Lam, the discontent covers political, economic and social issues, including the often-mentioned problems relating to housing and land supply, income distribution, social justice and mobility and opportunities, for the public to be fully engaged in the HKSAR government’s decision-making.

“We can discuss all these issues in our new dialogue platform,” she said.

HKSAR Chief Executive Carrie Lam visits a transitional housing project of the Lok Sin Tong Benevolent Society Kowloon in Hong Kong, south China, Aug 9, 2019. [Photo/Xinhua]


UNAFFORDABLE HOUSES

For nine straight years, housing in Hong Kong has been ranked as the least affordable in the world. Homes in the city got further out of reach for most residents, according to Demographia, an urban planning policy consultancy. The city’s median property price climbed to 7.16 million HK dollars in 2019, or 20.9 times the median household income in 2018, up from 19.4 times from a year earlier.

In the latest case of house transaction, an apartment of 353 square feet (about 33 square meters) at Mong Kok in central Kowloon was sold at 5.2 million HK dollars in September, according to the registered data from Centaline Property Agency Limited.

For those fortunate enough to have bought an apartment, many have to spend a large part of their monthly income on a mortgage. For those who have not bought any property yet, it is common to spend more than 10,000 HK dollars in rent, while saving every penny up for a multi-million HK dollar down payment.

From 2004 to 2018, the property price increased by 4.4 fold, while income stagnated, statistics show. From 2008 to 2017, average real wage growth in Hong Kong was merely 0.1 percent, according to a global wage report by the International Labor Organization. Homeownership dropped from 53 percent to 48.9 percent from 2003 to 2018.

Efforts of the HKSAR government to increase land supply to stem home prices from soaring also went futile amid endless quarrels. Of Hong Kong’s total 1,100 square kilometers of land area, only 24.3 percent has been developed, with land for residential use accounting for a mere 6.9 percent, according to data from the HKSAR government.

Social worker Jack Wong, 29, lives in an apartment bought by his parents. “I’m lucky. Most of my friends still have to share apartments with their parents. My cousin has been married for seven years, but he is still saving for his down payment, so he has to live at his parents’ house,” he said.

“The older generation changed from having nothing to having something. We, the younger generation, thought we had something, but it turns out we have nothing,” he said.


MIDDLE CLASS’ ANXIETY

While young people complain about having few opportunities for upward mobility, Hong Kong’s middle class, which should have long been stalwarts of the society, are under great economic pressure and in fear of falling behind.

It is not easy to be middle class in Hong Kong, one of the world’s most expensive cities. To join the rank, a household needs to earn at least 55,000 HK dollars, or $7,000, a month, according to Paul Yip Siu-fai, a senior lecturer at the University of Hong Kong. About 10 percent of the households in the city are up to the rank.

Earning that much can be counted as rich in many parts of the world. But in Hong Kong, the money is still tight if you have a child to raise and elderly to support.

Housing is the biggest burden for the average middle-class resident. The cost of having a child is another headache in Hong Kong, where pricey extra-curricular activities and private tutoring are considered necessary to win in the fierce competition.

Fears of descending to the low-income group are real for the middle class. Many think they belong to the middle class only in education and cultural identity, but their living conditions are not much better than the impoverished, said Anthony Cheung Bing-leung, former secretary for transport and housing of the HKSAR government.

Civil servants and teachers, who earn much more than the average income, are traditionally considered middle class. But Cheung found out in a survey that many of them could not afford to have their own apartment, with some even living in the narrow rooms of partitioned apartments.

“We don’t belong to the low-income group, but we could just rent an apartment now,” said Lee, a teacher at a secondary school in Hong Kong.

Lee and her husband earned nearly 1.3 million HK dollars a year, but a 50-square meter apartment is the best they could rent now for a five-member family. She preferred not to give her full name as she feels her situation is embarrassing.

“We want to save more money to buy a house near prestigious elementary schools for our kids,” Lee said. “If our kids can’t go to a good school, it’ll be very tough in the future.”

A woman walks near the Harbour City in Hong Kong, south China, Aug 27, 2019. [Photo/Xinhua]


CHANGING ECONOMIC STRUCTURE

In the 1970s, nearly half of Hong Kong’s labor force were industrial workers when manufacturing thrived in Hong Kong. During the 1980s, Hong Kong’s finance, shipping, trade and logistics and service industries started to boom.

Since then, the economic landscape began to change amid subsequent industrial upgrading.

Due to the hollowing out of the manufacturing industry, the wealth gap in Hong Kong widened and the class division worsened. Despite the prosperity of finance, trade and tourism in recent years, more than 1.37 million people are living below the poverty line in Hong Kong, home to more than 7 million.

Working career options are now limited, leaving little hope for the youngsters to move up the social ranks.

As a result, Hong Kong’s social class has largely been solidified in the 21st century, with the richest people dominated by property developers and their families.

The Gini coefficient, which measures the inequality of income distribution, reached a new high of 0.539 in 2016, far above the warning level of 0.4, according to data by the HKSAR government’s Census and Statistics Department. The greater the number toward one, the more inequal in income distribution.

Though the HKSAR government tried to narrow the wealth gap, many people in Hong Kong said they are not sharing the fruits of economic prosperity, the young and those low-income groups in particular.

STAGNATING POLITICAL BARRIERS

What makes the deep-seated problems in Hong Kong such a hard nut to crack? The reason is complicated, according to observers, partly due to the containment in the current political structure that leads to governance difficulty, partly due to a doctrinaire implementation of the principle of “small government, big market,” or laisser faire, and most importantly due to the opposition’s “say no for none’s sake” that stirs political confrontation and sends Hong Kong into a dilemma of discussions without decisions, or making decisions without execution.

Over the past 22 years, the successive HKSAR governments have tried many times to tackle these problems by rolling out affordable housing programs and narrowing the rich-poor gap.

For example, to make houses more affordable, Tung Chee-hwa, the first HKSAR chief executive, proposed in 1997 to build at least 85,000 flats every year in the public and private sectors, raise the homeownership rate to 70 percent in 10 years and reduce the average waiting time for public rental housing to three years.

Such plans, however, went aborted as home prices plunged in Hong Kong amid the Asian financial crisis in 1998.

“Since Hong Kong’s return, many economic and livelihood issues would not be as politicized as they are now, should the HKSAR government have introduced more policies and better social security arrangements to address those problems,” said Tian Feilong, a law expert of the “one country, two systems” center with the Beijing-based Beihang University.

To carry out major policies or push forward major bills, the HKSAR government needs to garner the support of two-thirds majority at the Legislative Council (LegCo).

The HKSAR government’s previous motions, be it economic policies or fiscal appropriations, were impeded by the opposition time and again at the LegCo, regardless of the interests of the majority of Hong Kong residents and the long-term development of the society.

The HKSAR government sought in 2012 to establish the Innovation and Technology Bureau to ride the global wave of innovative startups, diversify its economic structure and bring more opportunities for young people. Such efforts, however, were obstructed by the opposition at the LegCo in defiance of repeated calls by the public. After three years, the proposal to create the bureau was finally passed by the LegCo.

In another case, a Hong Kong resident, incited by the opposition, appealed in 2010 for a judicial review of the construction plan of the Hong Kong-Zhuhai-Macao Bridge. Though the HKSAR government won the lawsuit after more than a year of court proceedings, 6.5 billion HK dollars of taxpayers’ money had been wasted in the increased construction costs of the bridge’s Hong Kong section due to the delay.

As time passed, problems remained unsolved, so did public discontent.

Repeated political bickering stalled Hong Kong’s social progress amid the sparring, and the opposition created a false target and blamed the Chinese mainland for those deep-seated problems.

Lau Pui-King, an economist in Hong Kong, snubbed the opposition’s resistance of or even antagonism to the Chinese mainland, saying such thinking of secluding Hong Kong from the entire country could end nowhere but push the city down an abyss.

“Seclusion brings no development opportunity for Hong Kong,” Lau said. “Some youngsters don’t understand that Hong Kong would be even worse if it is secluded from the Chinese mainland.”

“To come out of the current economic difficulty, Hong Kong needs to be linked with the Chinese mainland much closer and more effectively,” she said.

Source link

Read more:

Mainland set to defend HK

If you ask Hong Kong residents who have been working in business since the city returned to China in 1997, they can tell countless stories of how the city and the mainland helped each other over the years.

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A rioter waves a US national flag in Tsim Sha Tsui district in Hong Kong on August 11. Photo: AFP Who’s behind Hong Kong protests?

Inside America’s Meddling Machine: NED, the US-Funded Org Interfering in Elections Across the Globe https://youtu.be/NzIJ25ob1aA

NED, the US-Funded Org Interfering in Elections Across the Globe https://youtu.be/NzIJ25ob1aA In this Grayzone special, Max Blumentha.

Protesters in protective gear holding up a symbolic yellow umbrella and an American flag while marching through the Sha Tin District

Live: ‘New China’ “全景中国”,出发!


Live: The launch of CGTN’s special program

2019 marks the 70th anniversary of the founding of the People’s Republic of China. 70 years ago, China was a country that had fought its way through several wars. Now it is the second biggest economy in the world. To show our audiences an in-depth look at China 70 years on, CGTN is bringing you a special program called “New China.” As our crew prepares to kick off the 12-day journey to southwest, southeast, and northeast China in three mobile studios, join us for the launch event.

China’s fast development 中国的高速发展”

Celebrating Chinese mid-autumn festival from across China 全国各地共度中秋

 

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China celebrates 70th National Day

First rehearsal for National Day celebrations concludes

The first joint rehearsal for the upcoming National Day celebrations ended early Sunday morning in Beijing, about three weeks ahead of the 70th anniversary of the founding of the People’s Republic of China (PRC), which falls on Oct. 1.

Fitch’s downgrade of HK marks economic aggression; mainland stands ready to help

Ask anyone among the older generations in Hong Kong about the economic relationship between the Chinese mainland and the special administrative region (SAR), they will keenly share countless stories of mutual support uplifting each other over the years through hardships.

International community visits Xinjiang to dispel Western bias against region

Xinjiang, as a core area of the Silk Road Economic Belt, is enjoying the best period of prosperity and development in its history under the Belt and Road Initiative, which is undoubtedly the biggest achievement in the region’s fight against terrorism as well as the best answer to the protection of human rights in China, a senior Chinese
official said.

 

China challenges U.S. tariffs, lodging case at WTO


A World Trade Organization (WTO) logo is pictured on their headquarters in Geneva, Switzerland, June 3, 2016. REUTERS/Denis Balibouse

 

China files WTO lawsuit against US tariffs on $300 billion Chinese goods

China filed a lawsuit under the WTO dispute settlement mechanism on the US’ 15 percent tariffs on $300 billion Chinese goods, the first batch of which started on September 1, China’s Ministry of Commerce (MOFCOM) announced on Monday.

China lodges tariff case at WTO against the U.S. – Reuters

 

 

New China-U.S. tit-for-tat tariffs go into effect

Costco’s opening in China defies US attempts at decoupling

China will not proactively escalate the trade war, and will not discriminate against US companies that invest in China due to the trade war. As the trade war is messing up the world, China is bound to be stronger.

https://youtu.be/yjzsDNMEe1U

 China wants a deal, but won’t stand down against new tariffs

Why China Holds a Trade War Edge Over U.S. 

‘We’re clearly heading toward a recession,’ says strategist

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Inside America’s Meddling Machine destabilizing the world order

NED, the US-Funded Org Interfering in Elections Across the Globe https://youtu.be/NzIJ25ob1aA

Inside America’s Meddling Machine destabilizing the world order


NED, the US-Funded Org Interfering in Elections Across the Globe

https://youtu.be/NzIJ25ob1aA

In this Grayzone special, Max Blumenthal attends a Capitol Hill gathering of the National Endowment for Democracy (NED) and explores the group’s destabilizing global campaign to meddle in other countries’ affairs. The report covers the NED’s interference in foreign elections in Russia and Mongolia, its participation in coup attempts from Haiti to Venezuela to Nicaragua, and its escalating public relations efforts against China and North Korea.

Help us create more videos like this by donating to Grayzone: https://www.patreon.com/Grayzone 

Hong Kong violence in CIA innumerable US regime-change, a price on freedom

 

 

A rioter waves a US national flag in Tsim Sha Tsui district in Hong Kong on August 11. Photo: AFP Who’s behind Hong Kong protests?

Protesters in protective gear holding up a symbolic yellow umbrella and an American flag while marching through the Sha Tin District ..

 

https://youtu.be/DPt-zXn05ac US Secretary of State Mike Pompeo: “I was the CIA director. We lied, we cheated, we stole. We had ent…

Ex-advisers worried about Trump’s behavior, NYT reports https://youtu.be/FuKZ-qwNSU4 Trump Says He’s Lost Billions Being Pr…

 

 

I suspected that the Hong Kong riots were funded by outside interests. Now that I know about the NED I would not be surprised if they were heavily involved.

195

This is real journalism. Thanks much for this!

424

Hong Kong violence is supported by NED. A lot of evidence show that.

57

This is simply incredible work. A huge Thank you!!! So incredible.

270

NED is funding Hong Kong protests too

71

Everyone inside that room should be rounded up and shot for crimes against humanity.

33

The latest NED atrocity is the violent riots in HK, aimed to prevent China from extraditing criminals to stand trail in China. The stupids in HK fell for it, heralding doom to their safety and prosperity. without the law, HK will continue to be a dream safe heaven for international criminals.

153

Sadly most people are 🐑 and care more about America’s Got Talent and Big Brother updates than neocon psyops and power plays. I sometimes wish I could be blissfully ignorant like them.

160

Pelosi cannot be trusted. Spending our tax money for meddling other nations….. She is evil.

33

The inimitable Mr. Max Blumenthal strikes again! Well done! This is phenomenal investigative documentary journalism, as informative as it is watchable.

87

Pelosi talking about DPR Korean people’s “poverty of spirit” is the most racist thing I have ever heard.

171

How can anyone still believe a word that comes out of the bankers’ owned corporate media. It is an obvious propaganda tool. Nothing more. You’d have to be willfully blind to still believe their stories. Excellent video Grayzone. Really well done and researched. Thank you very much for your amazing and really important work.

59

Wow! The quickness on those roaches diseased legs is phenomenal when even the smallest bit of light is shed on them, its outstanding!

54

China recently executed many CIA agents trying to undermine their government. The South Korean and North Korean gov should likewise do to these foreign agents.

77

After seeing how Western media distorted the true picture in the recent Hong Kong riots, I believe what you say is true. Thanks for standing up for the truth! This is just one of the many videos showing what the so-called peaceful demonstrators did. But the Western media called this a peaceful demonstration. If this had happened in USA the rioters would have been shot by the national guards.https://youtu.be/l-OkMoAznqI

39

John Pilger’s doc The War on Democracy also exposes the ugly meddling that goes on in the NED.

77

@22:09 “Are you Sidney Blumenthal’s son?” = “Are you that terrible Jewish person I keep hearing about?” The last 5 minutes, the way you wrapped up all the reporting at the beginning, was brilliant Max. The ending was icing. You damn “Sidney Blumenthal’s Son” you.

55

These are demons.

70

West has some of the biggest psychopathic maniacs the world has ever seen, they are an abomination, nature gone wrong ! Whether it is neocons, zionists, sociopaths, Christian Zionists, military industry, wow the list is endless !

78

So important, Thank you Max! The unelected power establishment needs to be held responsible and pushed to the light. I mean, how can the Chairman of the NED say “We’re for open societies” and still work with taxpayer money of people who don’t have a clue where their tax money is going to? It’s the opposite of “open” government. It’s shady!

53

I always have faith in Max’s reports. Sometimes I wish I didn’t. The Nancy Pelosi “interview” (20:24) was just sooo embarrassing. “I don’t know what they do…”  Where do people find hope for the future?

65

THANK YOU,this is excellent.

34

58

NED ought to promote democracy in the united states. And Leave other countries alone.

25

Great documentary, really respect your work. On another note, you should try to investigate Middle Eastern media outlets such as Radio Sawa and Al-Hurra (which are both funded by the US government). Maybe they have something to do with NED and IRI’s Middle Eastern agenda since they’re both pushing pro-American as well as pro-Israeli narratives on their respective media platforms.

28

Wish TYT Progressives do work of investigative reporting like this

78

I learned about NED when I researched the violent riots in HK. This is a shameful organization with objectives to instill riots and instability in other countries. Shameful!!!

8

Great work Max. I’ve never clicked on patreon before but feel kind of obligated to after this. Really compelling reporting

27

Very valuable work

29

Lol. Nancy Pelosi talks about blank faces and brainwashing. Lol. I actually laughed for the first time during this video

4

LOL! That Oslo Freedom Forum picture is the thing Jimmy Dore attended 😅

25

Genuine objective work! This should be what real journalism is about! Thank you for unveiling the truth! Please keep up with great work!

4

excellent Report! Thanks!

34

Great reporting as always. Thanks Max

34

NUKE Washington.

24

Guess who were assisting the HongKong ‘pro democracy’ movement. You guessed it NED.

12

keep up the good work. ps would love to support via patreon but, sadly, these are bleek times

22

Useful idiots and Pawns in the Game

17

The people who work with the NED make tons of cash. It’s pretty profitable thing to get into.

10

Excellent report!

34

I see how Mongolia got itself bankrupted.

12

This channel gonna get demonetized or banned soon. Truth is no longer allows in social medias.

6

lol its always trots

24

Appreciates your afford on this reporting. It’s paint a picture bigger on what happening with HK right. Another NED play toy which create conflict between HK and China.

12

This is the reason why I understand some countries are pursuing nuclear weapons.

3

wooohw… this is dangerous. thank you for the information 👍🏼👌🏼

6

Holyshit,I can’t believe this interview has not yet been deleted by youtube…Such a miracle for REAL JOURNALISM

2

Thanks for sharing the truth. I am feeling very sad that some evil people In the US are causing so much grief for so many people throughout various parts of the world.

19

i aim starting to have doubts if those “defectors”are real and not some Korean claiming to be a NK defector

14

13:40 The guy who declared that the fall of the Soviet Union represented ‘the end of history’ because capitalism was clearly the best possible system.

6

BRAVE MAN, LOOKS LIKE THEY GUESSED WHO YOU WAS NEAR THE END(LOL) – BIG THANKS FOR TELLING THE REAL TRUTH, ESPECIALLY ABOUT THESE FAKE ORGANISATIONS.

12

NED = National Extremists of Destruction

13

Now they are working in HongKong. Thank you Max for in depth journalism.

22

So sad. How do they face themselves without principals in life.

1

They are terrified of Max! Those in the room that don’t know him don’t know what they are in for, they are flirting with peril. Brilliant Socratic dialogue with the ignorant ones!

6

Thank you for revealing the nature of NED

9

They have now infiltrated HK.

9

Never knew your dad was part of the Clinton admin. Can tell by your unbiased reporting thanks max

8

Hands off HK. Hands off China. Ned Go fvk urself.

12

Now all MSM take note, that’s “REAL REPORTING” !

3

Thanks for the information. I never heard of NED. I knew the U.S.’s corrupt methods of controlling politics globally was happening. I don’t call it “meddling” that’s too mild a word for it. I just wasn’t sure exactly how “we” did it.

6

thank you for sharing this information, a great job of journalism!

1

NED is the most evil organization in the world.

3

NED=National Endowment for Destabilising countries not in line with US neocon agendas.

16

38K?? more US people should watch this and see what is going on and how corrupt their government is.

12

Thanks Greyzone. You’d showed it fact & fake, black & white, so clear, not grey at all. You only make more grey hairs on the NED head.

6

NED seems to be a riot-booster and spying organization. Americans tax players money.

2

Once again Mr Max, thank you very much for all your efforts digging into these difficult and “hidden” subjects and bringing the truth into light!

1

..nd thereby making the US the biggest terror nation in the world. Shocking, positively shocking.

13

WOW, tax payer’s money goes to there each every day.

6

Endowment for Democracy (NED) = Evil organization National Endowment for Demonization.

1

NED is the root cause of the world turmoil and tragedy.

14

nancy pelosi and 57 other ned members/supporters/soul sellers disliked this magnificent reporting.

1

Lies to prevent the engagement or the exchange of information are being funded by tax payers. God are we sick, and we kill like maniacs.

7

lying is how the devil and Satan rules the world.

6

so called Democracy, =Demon+cracy👿

2

These people surely found a way to make money, thanks for exposing these traitors.

13

“Promoting democracy” means something completely different to me, than these war mongerers.

11

Great great work! Thanks from China where its city HongKong are facing riot funding by NED.

12

thunbs up for you- a honest media.

6

I love you Max Blumenthal, your journalism is real. It is a source of inspiration to, for once, have someone who undoubtedly delivers the truth to the masses.

5

US should be the last one talking of Human Rights after that record. It’s like a serial addict giving lectures on abstinence.

1

I’ve long held that the US is effectively the world’s largest, and most destructive, TERRORIST organization! Real journalism is proving me right all along…

7

Max (to NED official) : “May I ask you a question?” / NED: “Are you Sidney [Blumenthal]’s son?” / Max: “Yes.” / NED: “I heard about you.” / Max: “Is that a no?” / NED: “Yes.” Some badge of honor!! Bravo, Max Blumenthal!! Great work!!

9

anybody believe North Korea defector? no me!

1

They just funded the riot in HK….has been proven NED is largest donator of HK protestor organizers

18

Unbelievable!! Right out in the open! With OUR MONEY!!

4

The US NED is active is Hong Kong as we speak.

14

Nancy Zombie Pelosi talking about ‘brainwashing’…….hahahahahahahahahahaha !!…..hahahaha !

4

Not just Socialist governments, any government which does not bend over to the will of the US govt.

13

Great job on your coverage! I learn more everyday thanks to you and many others.

11

Great job! wonderful piece of independent journalism in these times of uber state/MSM propaganda!!

9

Well done Max Blumenthal. This is real journalism.

1

Today NED is meddling in HK!

19

Odd how he asked who he was. At the end 😆 I love every min of news like this helps people know how to see thru the illusions out there!!

1

As Ret Col L. Wilkerson put it in a nutshell (para): Right now we have two colossal battles going on between two titanic state-building efforts: one started in 1947, coming to fruition in the cold war, and now called by scholars, “The National Security State.” And the raison d’etre of that state is to have war… constant war… to keep the Military Industrial Complex, that Eisenhower warned us about, rich and bountiful! On the other hand, you have the Koch inspired… and now the well-fueled predatory capitalistic state which is aiming at making capitalism ballistic and so forth and making billionaires the plutocrats that rule this country! Those two states right now, having contiguous elements…that is to say the Military Industrial Complex – a company like Lockheed Martin – will be in the predatory capitalist state and vice versa. They are having a titanic struggle though, intellectually and realistically, on the ground as to who runs this country in the future. And NEITHER STATE HAS THE REMOTEST CONCERN FOR THE AVERAGE AMERICAN, FOR THE MIDDLE CLASS, OR ABOUT FREEDOM, DEMOCRACY OR LIBERTY! They ONLY HAVE CONCERN FOR THEIR STATE-BUILDING EFFORTS: the one – leading to more wealth for fewer people, and the other – leading to more war and wealth to their people. [The “Permanent War State” Aims to Plunder Venezuela – Wilkerson and Jay @fjsA]

9

What this defectors do. And their supporters do is political warfare.

4

US: if you don’t listen to us, I will destory you. China: hold on US: hey, those protesters in Hong Kong are heroes.

 

so what is democracy, US is the culprit who has created unrest

1

Thanks for the video. I’m sharing it wherever I can. !

1

Well done Max. You are the Superman of journalists.

11

See if you can run the audio through a compressor to automatically equalize the sound levels. This is very important work. Now for the easy part. Your video software may already have “compress/expand” and “normalize” for audio. You’ll be experts in 10 minutes if you practice on small clips. Thank you Greyzone!

11

4:30 Oh, that girl. A delight for body language analysis. 17:50 Madeleine Albright, child mass murder advocate

2

more people need to know about this

6

SOMEONE SHOULD BLOW THEM ALL UP IN ONE PLACE! I hate evil people, especially corporate types.

9

This is really important work. Keep it up.

1

Democracy leads to rise of working class, and the rise of working/labor class leads to socialism.

 

The NED exists to protect the American bourgeoisie’s global interests

5

Thank you Max for real report

6

Wish I could give this 100 thumbs up. This is why I’m a monthly Patreon donor. Such excellent journalism!!

3

A lot of people hugged Hitler and German warcriminals. For starters , ask the USA and Henry Ford.

 

This video is awesome! thank you! so glad I found this channel!

10

Thank you so much for your hard work and courage to show us the truth. Real journalism like this is truly rare and precious in the world today. Thank you! Thank you!

16

Are these people involved in the Hong Kong’s 2019 protest?

12

Doesn’t Amazon own New York Times? Or is it a different tabloid? I can’t remember which one it is.

 

Max,..will you please run for president!? Thank you for your dedication to presenting the ‘stubborn facts’,…that the american government tries so hard to conceal behind their flimsy and unsubstantiated veil of ‘democracy’, and ‘freedom and justice for all’. The Empire wears no cloths,….Thank you Max, and all at Grayzone.

9

Hong Kong said: “hi, daddy!”

6

Wow. This is a new level of revelation for me. True journalism is a form of heroism. Thank you! ❤

16

Bari Weiss is a clueless tool doing the bidding without knowing it of the wealthy and owners of the media. She doesnt even know why she thinks things if you watch the Joe Rogan podcast with her on it.

10

Is that like the Democracy they gave to Libya

3

Now they put their dirty hands on Hong Kong.

4

excellent reporting, thank you Max!

6

NED=World Terrorist Organization

6

POLOSI <MY GOD ,SHE SHOULD BE HANGED ,THAT WITCH /LIER !!US.MSM,IS THE ONE THAT KNOWS ALL THAT GOES ON IN CHINA ,LIES ,LOOK AT THESE ,LOBBYISTS ,IT IS SHAME FULL !!

14

Well done Max! A great piece

7

He gets good interviews when he’s not confrontational about it. People open up when they feel like you’re on their side or persuadable.

 

10:40 Pelosi is confusing her own SF district with NK.

4

There are No Democracy in US..no more..the most corrupt nation…

18

anothr rappid braidwashed youngster with out a clew. ohn bother

 

The most evil organization in the world

2

Max Blumenthal is an excellent journalist. This all sounds like Iraq all over again and we’re paying for it.

2

Excellent work!! Keep it up Grayzone!

4

Max, you a true inspiration for journalism and future journalists. Big kudos for your work !

2

All is a fabrication, nothing is real. Everyone has an agenda. Make your story sound good and you will get heard. It is the money, a power that corrupts.

4

no wonder fda usda and epa AND TRUMP endorse napalming crops with glyphosatan herbicide just a few days before harvest — it makes all of us at least a little bit sicker — and thus keeps the vicious-cycle pharma/poizion-based economy healthy for certain privileded greedy sadistic corporate fascist motherfrackers with the sworn agenda to infiltrate, sabotage, corrupt, and enslave and destroy everything pure and natural and good just to piss off jesus — who got whacked for exposing the synogog of satan’s ( practice of selling animals for sacrificing in the temple — as if sacrificing innocent critters is a way to have sins forgiven ! ) guess who gets to be the sacrificial animals these daze — all of us pesky honest to goodness indigenous schmucks . (the proverbial meek who were fortold will inherit the earth) i’m telling all of yawl it’s SABOTAGE ! “victory through deception” is on the mfn mossad logo for christsakes . give credit where credit is due . b less gullible. lets turn the table on those evil masterminds and not-see flunkys hellbent on imprisoning the planet in one worldwide-wireless concentration cramp. “rejoice — for the kingdom of heaven is at hand !” (godspeed good shepherding yawl !)

2

Same as Bana in Syria, now they have some memes of her about Venezuela, named Baña. LOL!

9

I love how he uses the word “sidekick”. CIA = Batman NED = Robin

2

I went to subscribe and I see that I already am. Why does this channel not appear on my suggested videos. Hmmmm.

2

Thoughts and prayers for Hong Kong

3

She speak so good English?? My Korean friend been learning years of English and still can’t match hers. 🙄

2

Ughh, United States is such a hypocrite! And Nancy friggin Pelosi right in the middle of it.

8

I’ve been studying a lot of this stuff for some time now, I didnt know the group was called NED but I knew about things like this, didn’t realize what a specific and massive role they’ve played. The part where the founder says “I know about you…” is kind of ominous.

4

If you havent worked it out the CIA and America are their to put right wing pro corporate govts in charge to take the power from the workers and people and to privatise the world with the ultra wealthy corporates in charge of all the means of production and resources. And in the end the ultimate power and control of everyone.

5

美國不是第一次,更不是最後一次使用演員角色扮演,在每一個國家都會上影。

3

Pelosi and co…vermin of humanity, no value for human life other than her ilk, the fascistic 1%ters who enslave the rest

2

Real reporting? It’s like finding a unicorn these days. 🦄 Subbed.

1

NED is killing Hong Kong.

2

04:44 “North Korea is an unimaginable country. There is only one channel on TV. There is no internet.” LOL

9

they don’t want peace and harmony within china,korea,russia,india,divide and conquer.

3

Mad Max at it again! Love you 💯%

3

The whole Yeltsin affair is the reason why I laugh at the US’s whole debacle of “Russian interference”. Good riddance, have a taste of your own medicine.

3

Heh I would expect it to at least be as bad as South Korea. My family from there tells me some pretty awful things about the social issues.

5

The access Max has to the nefarious goings-on with these scumbags is priceless. REAL journalism here.

1

Nowadays, people don’t believe in facts, they just believe dramatic story.

 

Important video! Great journalism! Will share!

2

Btw I’d love to see there books and how much money was funneled to “free market/lynching enthusiasts” in Venezuela.

4

That last clip was funny. “Are you Sydney Blumenthal’s son?”

7

Same companies are censoring alternative medicine, NIH-sourced science, natural alternatives to pharma and education about mandatory medical procedures … government-mandated injection of toxins with no valid science to defend the practice but a massive marketing campaign to create fear (measles or N Korea … same mechanisms!)

1

That guy gave a shout out to your dad! I have been a fan of Max Blumenthal for a while, but now I have to look up mr. Sidney Blumenthal, because I can already tell he is the kind of guy I will like!

3

Thank you so much, for this work…we need to know the Truth..

1

Thanks so much for this riveting, informative programme , the question is how and do we really need scum like we have running our countries, are having psychos necessary ingredient for running countries.

1

Good to look back to this document and great journalism.

5

US citizens funded and funds the Government and majority of them choose their Government who made the “#American #Values” to become: #Oil Thirsty, #Gold Hungry, #War #Mongering, War #Criminals and more War #Crimes.

2

America itself is infected by the covetous parasite we all know about. It’s goal is to destroy ethnic and cultural identity worldwide.

1

Watch out from these NED related groups..men.Thank you very much!

1

Thanks Max, such great work! Just want to know what US tax payer thoughts of this.

1

It’s all about $$$$ and visas…the secret invasion…

 

I didn’t realize that Nancy Pelosi was so explicitly supportive of NED. I would have thought that she opposed regime change operations.

7

“Iraqi soldiers throwing Kuwaiti incubator babies on the floor”, the young girls speech reminds me of that!

3

An open society is a society open to corporate control for the purpose of extracting wealth..

2

Wow! Thanks for the exposing! We should spread this video clip worldwide. Overthrowing regime becoming an evil industry… 👎

1

lol at how the Trots are involved in this NED imperialism

3

Keep exposing these blood sucking vampires, keep doing the great work you do. Very illuminating video, lots of things to talk about this evening that’s for sure. Btw, I just subscribed.

1

love you Max…thanks bro.

1

I wonder how many christian fundamentalists there are in the n.e.d. ?

 

CONGRATULATIONS FOR DOING JOURNALISM

2

You guys do a phenomenal job here at the Grayzone. Just about every video I’ve watched has been fantastic. However, I would quibble about a couple things on this one, largely on strategic grounds. I don’t think it’s a good look to, at the beginning of this video, refer to the NED as a “taxpayer-funded organization…that aims to topple socialist governments” and then spend much of the rest of the video documenting the NED’s efforts to undermine the governments of North Korea and Nicaragua. It seems to imply that the current North Korean and Nicaraguan regimes are socialist, when in fact they are nothing of the sort, unless one strains the definition of “socialist” so much that the term becomes meaningless. Both regimes are enemies of the left and any kind of genuine socialism. I suspect you would agree with this assessment, but I think it would help enormously if you stated this fact up front in order to defend your work against disingenuous attack dogs. I want to stress that I have no problem with the substance of what’s presented here, most of which is excellent, but when putting together these pieces, it’s important to take measures to protect yourself from mainstream mudslinging, which I’m sure will become more and more often as you guys gain popularity. Keep up the good work!

4

…”but… but there’s only one channel on tv… and no internet”… Good god child… you’ve no idea how fortunate that is… “but North Korea is such a horrible country” …zzzzzzzzzzzzzz…..

3

When you defect from your socialist country and can’t find a job in the US the NED might be a great place to look. Outstanding report Max. Just be ready for the inevitable lay-off and a new role as human furniture for corporate business.

2

It is prudent to consider American info as tainted. America needs a USSR, they can use it to frighten their taxpayers. Weather Communism is good or bad depends on how life was, before. Most countries become communist after a period of extreme poverty, and extreme injustice. Russia, China, Cuba, Vietnam …. and more. Think about all of these countries prior to becoming Communist / Socialist.

 

Really sad! They could go to any.country and find some scum willing to work against their own citizens. This was.done.in Venezuela for years.

1

That is what’s happened in Macedonia as well and they are working there with years, they corrupted politicians professors people of every segment of the society, media and everything with one purpose to make a fake picture, people to be brainwashed so many things in the country to be changed in their own interest even if that means change of the legal elected government which is happened 2016 in Macedonia with obvious influence of the American ambassador in judicial and legal matters.Now the new government is doing everything what they said they’re not going to do before the elections now they have opened new TV station under control and plus most of the old one’s. Many people of the American administration are involved including SOROS open society

3

Thank you! I look forward to more. This is the best in journalism. Bless you all.

 

the most convincing argument for Max’s story is that there is no way he could be making this shit up. Which says volumes about those individuals who believe it. Thank you Max, would that it would penetrate the thick fog of western imperialist propaganda

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Fantastic as always max.

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Running from the hard questions because they don’t have answers. Thanks Max.

 

all that money for lying . wow, what a bunch of scumbags !!!!

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Seeing this video for the first time. All the usual suspects are involved: Thor Halversson and his ‘Freedom forum’, which Jimmy Dore exposed last year (that’s when I first heard of them); Bari Weiss, who was exposed by Joe Rogan earlier this year when she tried to smear Tulsi. Thanks to excellent reporting like this, I don’t take any testimony by anyone on matters of war and peace and human rights on face value anymore. I have started to always research who is behind these stories, who pays them, where does funding come from etc. Thanks for making me aware of this!

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Our government is elected by the people, the best political system in the world and you must have it. We’ll help you get it but first you must do everything we say. We’re not interested in controlling you because our aim is the world. Oh yes, we’re NOT authoritarian so you can trust us!!! SURE America!!!

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I believe Operation Mockingbird is alive and well.

 

National Endowment for Democracy, Orwell would love that one. “one cornal of cob..” Pelosi once again executing the English language.

 

NED is also behind the end of yugoslavia. He knows about him – that sounded menacing.

 

一帮鬼。滚。

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Nancy P. Has not seen real tragic and staggering poverty yet, till she comes down to ground zero of Vancouver BC’s East Hastings Street, there she will witness eye-burning and heart-wrenching poverty caused by the city/province. Seems everyone wants to cash in on politics and made up suffering tales. Nice.

 

$890,000 for defector stories offered by South Korea

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they just want MONEY!

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For 860 000 dollars I could tell you some bad stories about my country involving mass killings tanks torture and shooting people.

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I dont mind if usa infiltrate into north korea. But china? Through hong kong

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I got help from lutherangrants/org .They sent me over $55,000 from their grant schemes.

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Leaves me speechless….I feel I hate to be lied at.

 

Leaves me speechless….I feel I hate to be lied at.

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Criminal trash, zionest puppets! Thank you for exposing these creatures and their lies

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Well if anyone knows about brainwashing, it’s Pelosi!

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Wait. Democracy exists?

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The NED also sponsored propaganda about the DRCongo. Nobody talks much about that country where the worst postWWII atrocities happen.

 

free lunch is usually costly… the price of this particular free lunch is your soul and always be ready to be dumped like a piece of toilet paper when you are no more needed! never sell your soul to nobody – not demon, not god, not rich, not poor. souls ain’t for sale. lunches ain’t for free.

 

Where is the Congressional oversight? What is this costing?

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Performing biological experiments on live people? Google Dr. Corneius P Rhoads and the death of Pedro Albizu Campos in Puerto Rico…

 

16:00 not that rare. Can find testemonies some of whom have been silenced.

 

dude how you still alive ? lol

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Do not like the WORD GESTAPO… NAZI…. But this is What we had in our History In my Granfather Time… In Alsace-Lorraine…. Part of France Now… So,,,, SO called Free Democracy USA.. Is Doing ,,, Exactly the Same.. These People look like …. SALUTATIONS

 

These people need to leave governments around the world alone.

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i c a lot of “leftist” sharing news articles from NEd

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Yeonmi Park said her father died of cancer. Her mother said paid 2 people Carrie body was a lie she said she buried body in another interview Yeonmi said she buried ashes an other video Yeonmi Park said her mother went back to china get ashes that Yeonmi Park said on One Young World she buried in secret. Fabricated stories Yeonmi Park is telling.

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4:29 “And then they took the babies from the incubators…”

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horrifying truth.. inconvenient for the brainwashed. thank you sir for exposing the lies.. it’s vital vital vital work for the current world.

 

Russia and China, as part of the Allied Forces, lost 47 million people stopping Hitler. They are currently gathering a new Allied Forces, to stop the new Empire in town: the US/NATO Empire…taking over more land than Hitler ever dreamed of. WW3 unfolding before our eyes. Who will join the Allied Forces? Who will join the US Empire? US Empire is a mirror image of what happened in Germany as WW2 unfolded.

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Brillante y valiente periodista, y para que harán o con que propósito hacen esas intrigas?

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Honestly I can see the fear in the eyes of those who promote or direct in any way NED, when you question them…how they run away from you, because you uphold the truth, and therefore they see you as a vampire sees a silver bullet. ” the truth will set you free”…

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This makes freedom and democracy look evil

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I really enjoyed these reports. Washington DC is demon NOT a democratic country.

 

Thanks for this. US Corporate Media fails us.

 

For further backstory on the NED, google “robert parry perception management”…

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It is still quite shocking to me that my media in the UK and the American media and the Canadian, German, French, Dutch, Swedish…all of the ”free” world’s establishment media (and much of the rest) is full of shit. It really can’t be trusted.

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Top shelf report max.

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Great piece of work. Thanks.

 

there’re north korean working in chinese kidnapped by south korean and forced to make false testimony about north korea. basically everything on msm about north korea is pure lie.

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Pelosi was talking about the US she described the population accurately she just confused it with N Korea

 

I don’t know what Is worse. living in North Korea with Kim jug on, or here with Trump, and his crazy war monger’s. the wrong #Amazon Is burning, and the wrong Ice is melting. thanks Wonka Luv’z y’all anyway.

 

Love your work

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You can have democracy, but once u have the democratic model like those of West and US, you will be always be under their world order, never to outdo them. Guess which country know this and thus was attacked by US and the West , day in , day out. I ask u, would u like a cobbler to become the CEO of a global company? Of course not, look at those ctries which followed the democratic model of US! A comedian become the President of Ukraine!A dishonest , a bankrupt , businessman, becomes the President of the most powerful ctry in the world!

 

Max this video is great but please learn how to say “Xinjiang” properly

 

The evrr dirty USA where lies, cheats and steals is the order of the day.

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americas whole foreign policy is based on liar testimony. every aspect of what goes on in washington is based on lies and half truths, both foreign and domestic.

 

In the western world there is so much economic inequality – so should these countries like Russia – China – Korea and some other countries get together and creat NEEE – National endowment for economic equality just like NED
You really need a pop filter.
NED is indoctrination, not democracy.

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Well done, Max.

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LOL, they don’t even change their playbook, they have SOP for color revolution.

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National Endowment for Hypocrisy
Look at HK… the CIA used to do this secretly… but now the NED is an NGO that does the dirty work for the CIA

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Its a terrible shame that Blumenthal pushes the lie that Trotsky somehow is responsible for the Neo cons. People that he cites are people who REJECTED Trotsky.. even though they may have once come from groups that thought of themselves as Trotskyist. Trotsky always defended and supported the Soviet Union ..his critique of Stalin gets turned by people like Blumenthal into him being anti Socialist…and Anti Soviet. Some of the people he mentions did become anti Soviet and moved on to becoming players for the Neo Cons and Israel. Others Like the disgusting International Socialists ( ISO) turned to calling the Soviet Union just another form of Capitalism and even opposed the heroic Cuban troops that defeated South Africa in Angola…calling them an imperialist occupation force. More genuine Trotskyist Leninist’s like the Spartacist League , with all their faults…praised the Cubans..and fought against Solidarnosc..they were hated by the liberal left and the ISO for this. It is just WRONG that Blumenthal and so many others push this lie and advance the falsification of history by doing so. I otherwise support much of his fine work.

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you misquoted, the North Korean girl did not say she escaped with her mother only at 5:45. why r u lying? and you edited the video at that part, some screens are being cut as well.
True journalism.

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You won’t be able to get away with amazing infiltrations like this for long if they are properly dispersed among civilians. It is great that you used it to such strong effect. Keep defining yourselves and achieving such needed distinction within journalistic integrity.

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Elizabeth Taylor, thank you so much for this Max, I’d never heard at all about this dreadful group tho they badly affected things I was very interested in and cared about a lot, like Nicaragua 1990.
Blowjob Pelosi could hardly dodder away fast enough when she heard “Russia”.

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NED bunch of CREEPS! They have no rights!
HEY! LIKE I SAID[THE NEW USHERED IN AGE OF MEDIOCRITY!
thanks to the Max !

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Oh well the Kim’s are great then
do americans support what their government is doing outside US?

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Thank you for my government who like to interfere other countries for democratic???? Humans right???? I can tell HK peaceful rioters???? I want to join this good pay job.????? God bless America
Liars, cocodile tears, hows are the free money paid by the american tax payers? nice right?

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Kimy likey Sum Yong Gurl…
That was absolutely brilliant. However I am unsettled by ending saying the journalist was Sidney Blumenthal’s son. Now I don’t know what to think
satanic machine.. SMH
Max be careful. Look what happened to Epstein. Almost everything which could go allegedly went wrong and Epstein was eliminated. Who knows may be Killary and her seven pervert dwarfs did it but one is for sure that he knew so much that they feared him and were desperate making up such a story. So be careful my friend in the criminal states of zionazimerica. It is like the daughter of ambassador of kuwait before the Iraq war. Those who claim that others are dictator are themselves the real dictators. Those coup makers got busted in Turkey 2015. Not anymore, said Turkish people.

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I WANT TO TOPPLE THE US GOVERNMENT !
Some facts are obvious: if the “blankist faces” she ever saw were the N Koreans Pelosi obviously must be dozing off in Congress – the drone, I guess. And since Kuwait, the ante has been raised on ghoulish atrocities requiring R2P attention: an invasion over incubators and now producing babies for hungry dogs!. Don’t think I can stomach the next fantasy.

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