The Truth About Tiananmen

06/09/201952 Comments

This past week marked the 30th anniversary of the Tiananmen Square Massacre in Beijing. Naturally, Trump’s warmongering Secretary of State, Mike Pompeo, jumped at the opportunity to wag his finger at the Chinese government.

In “On the 30th Anniversary of Tiananmen Square,” a press statement posted to the State Department’s website this past Monday, Pompeo writes that “we honor the heroic protest movement of the Chinese people that ended on June 4, 1989, when the Chinese Communist Party leadership sent tanks into Tiananmen Square to violently repress peaceful demonstrations calling for democracy, human rights, and an end to rampant corruption,” because as everyone knows the US government respects its citizens’ right to peaceful protest.

The post then continues with the same old fill-in-the-blanks propaganda screed that Uncle Sam uses whenever he presumes to lecture his enemies on democracy and human rights: “China’s one-party state tolerates no dissent blah blah blah Chinese citizens have been subjected to a new wave of abuses yadda yadda yadda as the party builds a powerful surveillance state etc. etc.”

Of course none of this is wrong, as far as it goes. But neither is it the full truth. For one thing, we know that the US government is no shining beacon of freedom nor defender of human rights. Two-party duopoly? Check. Citizens subjected to waves of abuses? Check. Powerful surveillance state? Check. The hypocrisy is galling.

But perhaps even more galling is that the narrative we’ve been told about the Tiananmen Square incident itself isn’t true. Or, at least, isn’t the whole truth. As we can now confirm from multiple different avenues, the US and its deep state apparatus had a hand in the events in Beijing in June 1989, and the narrative we’ve all been fed is an openly acknowledged twisting of the facts.

So what really happened in Tiananmen Square? And what does this mean for us now, 30 years later, as the US and China drift closer to all-out war? Find out the answers to these questions in this week’s edition of The Corbett Report Subscriber.

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  1. peterhof says:

    The Chinese Communist Party, like other Communist Parties, is an absolute dictatorship which does not allow any manner of political dissent. Any and all opposition is brutally crushed by the Laogai, the vast Soviet style Gulag of re-education camps with which virtually every Chinese family have had contact. The hundreds of thousands of protestors currently in the streets of Hong Kong is apparently another “nuance” overlooked by the Corbett Report.
    Instead of downplaying the Tiananmen Square “massacre” (quotes in the original), the Corbett Report might be better served by recognizing the danger of Communist dictatorships which almost resulted in a full-blown nuclear exchange between the United States and the “Soviet Union” (my quotes) and shocks the world with memories of Rumania, Albania, Hungary, Poland, Cambodia, to name just a very few, and still haunts the world with Cuba, North Korea, China, and bloody insurgencies such as that in Colombia.

    • calibrator says:

      So – in other words – you want to ignore the truth concerning the titular subject and instead demand that James spreads more propaganda?

      Because you don’t get enough of that from your favorite mainstream outlets?

      Do you have the slightest idea what this site is actually about?

      Also: What gave you the impression that James actually promotes dictatorships, especially the Chinese?

      • peterhof says:

        What’s all the hubbub? I simply pointed out that Communism has been a near-fatal cancer on the world body politic ever since it was first imposed on Russia in 1917. And even though the fever broke in 1991, it continues to a problem as confirmed by the Tiananmen Square massacre and the activities of the horrific Laogai Gulag as well as other Chinese aggressions. Nobody has suggested that James “actually promotes dictatorships.”

        • drunkin says:

          Communism was never given a chance!
          From the get go it was under siege most notably from the British establishment/aristocracy their fear demonstrated by their not giving refuge to the Kings cousin Tsar Nicholas! They were so terrified of a communistic take over in GB.
          After the revolution Russia was invaded by western forces intent on reversing the revolution. After that failed the west esp GB started their subversion as demonstrated in the BBCs Subversion, Russia & the West.BBC podcast. And thats where you get the gulags.. paranoia.. was it justified or not?.. who knows? but probably yes. The British were in there using cash to buy Russians. After WWI & the revolution Russia was a basket case. As living in Russia improved through the late 20’s & 30’s Russia was again trashed in WWII. After WWII Russia secured her borders.. like Trump is now!
          But what we have seen is both Russia & China jumped at capitalism as soon as given the chance. The USA handed capitalism to China on a plate the question is why? As the USA now has a half trillion dollar plus annual trade deficit!And even though nigh on self sufficient in oil it has got larger. A never ending deluge of cash pouring out of the USA,.. where will it end? Those accepting US dollars as payment for goods do not cash many of those their dollars in for meals at restaurants, hairdos, Disneyland etc they cash it in for real stuff.. and the Chinese would appear to be investing a lot of it into Africa!
          So where will the US dollar printing end thats the big question? The rest of the world bailed out the US banks by buying those AAA rated sub prime mortgages in ‘their trillions” and the world economy still has not fully recovered. Even after bailing out US banks.. the US (& the west) can only survive on ridiculously low interest rates and it would seem that the consensus is now that the only way for rates is down. There is not much slack. The problem is that the US economy is too big too fail but it is also too big to bail out.

          • peterhof says:

            A few facts for you:

            1. There was no “revolution” in Russia. It was a coup d’état financed by the German government for the purpose of signing a peace treaty with Russia.

            2. Woodrow Wilson did indeed send a 10,000-man army to Russia but it was under strict instructions to avoid tangling with the Bolsheviks

            3.Wilson declined to give assistance to the Russian White Forces under Admiral Kolchak

            4. Lenin imposed Communism until 1924 when it brought Russia to the edge of mass starvation. Lenin relented and implemented the N.E.P. or New Economic Policy, which meant allowing the free market to set prices. This worked but unfortunately Lenin died that same year – 1924 – and was succeeded by Stalin who once again imposed Communism.

            Aided and abetted by Franklin Roosevelt, Stalin imposed Communism upon eastern Europe and eastern Asia.

            The sub prime mortgages were caused by unsafe lending practices under the Carter administration. The Community Reinvestment Act – CRA – of 1977 required bankers to make mortgage loans to unqualified people. This caused what appeared to be a housing boom but by the time everyone discovered it was actually a bubble it was every banker for himself.

            Communism is the worst system of governance ever conceived by the mind of man but promoted by pretty words and beautific visions. Its results have been genocide and suffering in every case as documented in The Black Book of Communism. Read it.

            • drunkin says:

              Oh dear..
              The Russian revolution did not happen because of WWI.. WWI was the last straw.. The Russians loved the Tsar..he was next to God.. he was the master of his own downfall.. this started in earnest with the bloody sunday massacre in 1905.He also lost the war with Japan which caused unrest up to 120,000 Russian deaths and the loss of the Russian fleet. WWI resulted in over 9 million Russian dead..
              treat yourself..The Tsar offered war & starvation while Lenin offered peace & food..treat yourself rent or buy the film ‘Nicholas & Alexander’
              The western intervention went on til 1924 and involved 180,000 troops!
              The housing boom was caused by Clinton.. the sub prime loans were then fraudulently hidden into various finance instruments and sold round the globe as ‘AAA’ securities. In their trillions.. Bankers?? The government knew full well what was going on.. any bankers go to jail?? they were fined a coupla billion here n there which was merely government taking its cut!
              Communism the worst??
              As I said we dont know because from the start it was under assault from the establishment in the west. But Russia rebuilt itself after WWI and after being trashed again in WWII rebuilt itself after 1945 and in as little as 12 years later put the first satellite into orbit!
              Trump said.. when it comes to which is the better system./. ”let them compare systems..” and looking at the ever reducing standard of living for people in the west… something has gone wrong with capitalism.. huge trade deficits and huge public and private debt.. it was not like that in the 70’s.. the west has blown it.. through stupidity & greed!

              • peterhof says:

                My dear Drunkin,

                There is little point in continuing in this vein. But let me leave you with this recommendation:

                THE MERCHANT OF REVOLUTION – The Life of Israel Alexander Helphand (Parvus) 1867 – 1924. London, Oxford University Press, New York, Toronto
                1965

                This book explains exactly how and why Germany financed Lenin and how the millions of German goldmarks made their way from Berlin to Lenin and how the money was used.

                Read this book and let me know what you think. Meanwhile, there is my own book, “THE TWO EDWARDS: How King Edward VII and Foreign Secretary Sir Edward Grey Fomented the First World War.” (It is recommended by James)

              • Duck says:

                “…Communism was never given a chance!…”
                A chance to do what??? I mean… it killed many times the number of humans that nazism killed and I have not heard a good argument for re-trying nazism.
                Professor Richard B. Spence goes over how Trotskey was a western agent and is one of the most interesting people to listen to about the Russian revolution on Youtube

              • Duck says:

                “…But Russia rebuilt itself after WWI ….”
                Professor Richard B Spencer talks a great deal on Ytube if you dont want to buy his books about how the soviet rebuilding was primarily a product of Western Corporate interests. There is evidence that the reason that so many Wall Street financiers funded the Bolsheviks was the desire to seize control of Russian resources and exploit them with a soviet client state. Thats why Trotsky loosing the power struggle made such a difference

        • calibrator says:

          Yeah sure…

          Can you please spam us some more with anti-China propaganda?

          • peterhof says:

            I’m beginning to think that you consider Hong Kong and Taiwan to be the real problem.

            • calibrator says:

              That’s the difference: I already think that you are a sock puppet. I’m not “beginning”.

        • Carlinhos Brown says:

          In a nutshell: centralised type governments with absolute power = not in the interest of the population. Call it communism, “western capitalism” which is plutocratic and kleptocratic, or whatever else similar. Centralised powers are proven dangers to freedom, except in a few cases where some European kingdom were acting with long term vision and promoting the country’s interest, but again I’m not promoting kingdoms either…The solution comes through decentralisation forms of democracy in my view given furthermore that we have technology that allow that to function (such as blockchain for instance).

          • peterhof says:

            Yes. In a nutshell: limited government and free markets. Marx used the pejorative, Capitalism but it is better described as “that government which governs least governs best.” In a word: freedom.

    • empathy says:

      Yes, Communism is a stain on history. Where are you headed with this, John Bolton?

    • mkey says:

      Which communist dictatorship caused the US nuclear arsenal to dwarf that of its competitor at a tune of about 10:1?

  2. mik says:

    “Well, that silence speaks volumes about the nature of the (stage-managed) conflict that we are being drawn into.”

    Similarly with some events involving Russia: plane crash in Smolensk, MH17, many events in Syria. I’m sure Russians could defend themselves more effectively, use evidence they are hiding.
    Even RT is more or less soft towards “enemy”.

  3. marvinsannes says:

    Bradley’s “China Mirage” is the story of one stupid incident followed by another stupid incident, followed by another even dumber event. Power seems addictive and practiced by the most illiterate ignorant among us. Putin and Xi may save America from our own greed and folly. Neither Russia or China invade other countries – weird!

    • peterhof says:

      “Neither Russia or China invade other countries – weird!”

      Crimea? Tibet? The Sino-Soviet border conflict of 1969? The continuing China threat to Taiwan? Chinese aggression against Viet Nam? Hong Kong? The South Chine sea? Weird indeed.

      • Duck says:

        Didnt china have a war with India too?

        • peterhof says:

          Yes. There was a Sino-Indian war in 1962 and again in 1979. Then there was the time China set out to “teach Hanoi a lesson” that same year. Meanwhile, China continues its expansion island by artificial island as it churns out ghost cities which have everything except people, while hundreds of thousands demonstrate in Hong Kong.

    • empathy says:

      Umm, hey, remember a few years ago when Russia had a military incursion into Georgia? No? Afghanistan? Ring a bell?

  4. HomeRemedySupply says:

    James Corbett says:
    …Other than some interesting tweets by Hu Xijin, the Editor-in-Chief of CCP propaganda rag Global Times, there is no attempt to point out the obvious, namely that Tiananmen Square is a bludgeon by which China’s rivals hope to beat the government into submission.

    This type of silence in the face of attack is unfathomable to the Western mind. When someone is spreading rumors and easily debunkable lies about you, you speak up. You set the record straight. You fight back. You do something . . . don’t you?

    Well, that silence speaks volumes about the nature of the (stage-managed) conflict that we are being drawn into. But that is a story for next week.

    ~~~
    So true. (i.e.This type of silence in the face of attack is unfathomable to the Western mind.)
    It is hard for me to wrap my head around this China “strategy”.
    I am puzzled.

    I’m hooked for next week’s article.

  5. inanna says:

    I recall listening to a radio program quite a few years ago about the role of silence as a communication. How in many societies silence means consent, agreement or approval….but in other societies silence means the opposite…non consent…non agreement and non approval. Whether this is at play in relatiion to Russian and Chinese responses to Western accusations…this may be worth considering also.
    Think about meetings…where protests are vocalised and silence is accepted as consent.
    Think about weddings where the minister asks if anyone has anything to say against the marriage or to for ever hold their peace. Again…silence is accepted as approval/consent

  6. am1618 says:

    Perhaps the silence is somehow related to China’s [then] long term intentions. Consider the Orwellian nightmares of surveillance and control China has gone on to create since the events in Tiananmen Square. Could it be that they saw a loud denial as some kind of backward step in their larger goal – which would mean dealing with further accusations of hypocrisy as that grand plan unfolded?

    Just a thought, but could this be a case of “if the shoe fits…”?

    Looking forward to your ideas next week James.

  7. mkey says:

    Bryan Caplan and Dave Rubin: Anarcho-Capitalism, Economics, and Immigration (Full Interview)
    https://www.youtube.com/watch?v=HPoBGQ02JTI

    A real gem of an interview.

  8. mkey says:

    Big-Ass Tree
    https://www.youtube.com/watch?v=l6WAMQeV0Pc

    Larken Rose gets a lesson in anarchy.

  9. mkey says:

    James, I think you could have used quite a lot better example of “respects it’s citizens right to peaceful protest”.

    Bonus Army: US military attacks demonstrating American War Veterans
    https://www.youtube.com/watch?v=sNOsIB5VMSQ

    On that occasion they used tanks. Not very large tanks, but still.

  10. HomeRemedySupply says:

    June 10, 2019 – Bloomberg News

    Towards the end of James’ article is this line “… Other than some interesting tweets by Hu Xijin, the Editor-in-Chief of CCP propaganda rag Global Times….”

    This Chinese Newspaper Editor Is Moving Markets With His Tweets
    Hu has forecast retaliatory moves on U.S., FedEx investigation
    https://www.bloomberg.com/news/articles/2019-06-10/when-this-chinese-newspaper-editor-tweets-wall-street-listens

    EXCERPTS
    …In recent weeks, Global Times Editor-in-Chief Hu Xijin has used his Twitter feed to accurately forecast several Chinese moves, from an investigation into FedEx Corp.’s failure to deliver packages from Huawei Technologies Co. to the government’s warning to students studying in the U.S. Markets have taken notice, sending Boeing Co. to its lowest close in four months after one tweet…

    …“I have access to some information for the nature of my job, but I’m not authorized by anyone to release it,” Hu said in an interview with Bloomberg News in Beijing last week. “I’m not sure if Chinese officials are deliberately passing on information to me. The officials and I have a tacit understanding.”…

    …How closely Hu’s message conforms to the official point of view remains unclear, although he sometimes cites an “authoritative source” or people “close to the negotiations.” Hu suggested that he, like many in China’s heavily censored media environment, operates within boundaries that are defined largely by what you get away with.

    “My background carries a certain amount of authority, but I also speak on issues that other state media keep quiet about,” Hu told Bloomberg. “I was appointed by the People’s Daily. The authorities have absolute control over me and can take me down easily.”….

    ~~~~~
    (An interesting tidbit: A few weeks back on Hu’s Twitter, he called out Bloomberg News. Bloomberg had stated that they interviewed Hu for an article, but Hu tweeted that they did not.)

  11. mkey says:

    Anyone is free to trust these sources at their own peril. If this is legit, it’s purely conicidental. This guy should have a tweet-out with Trump. Had’t tweeter been “invented” how would these guys unleash their immense wisdom upon the world?

  12. alexandre says:

    It’s very strange to talk or read about China without remembering Corbett’s “China and the New World Order”, a 1:11:55 video that completely changes the way we think (politically) about China. Strangely people continue talking about communism, dictatorship and whatever-ism in China, or anywhere touched by the US (and its masters), as if talking about a sovereign nation. It’s similar to what happens here in Brazil. After discovering that the military coup in 64 was produced by the US (and its masters), it’s weird to think of Brazil as an independent country, which most people here do. They talk as if it’s a sovereign nation – hey, did you know Americans need a VISA to enter Brazil? It’s ridiculous. We can excuse the people here who don’t know about the CIA and how they produce coups and “revolutions”, but Corbetteers? If you watch “China and the New World Order”, and hopefully understand it, the whole China thing changes completely. What communism? What dictatorship? What what? If Kissinger and Rockefeller were so close to (owned) China, then the protests in Tiananmen of course would be a) artificially manufactured, b) annihilated or c) supported. The reasons for B or C would be related to what the US (and its masters) want/need in China, the actual Chinese government being quite irrelevant. It’s what happened here in my opinion when Brazil “got rid of” the dictatorship and “elected its president for the first time”, as if a dictator would simply go away one day. Try to say that the “Diretas Já” (Direct Ellections Now campaign and protests) was manufactured by the US (and its masters) and you probably get a poke in the eye. But Corbetteers should know better. (Am I saying “Corbetteer” correctly?)

    • mkey says:

      That term was “officially” deprecated, even if it does peek out from time to time. I don’t think James aims to build a cult of personality.

    • manbearpig says:

      That was a very clear, well-stated reset, Alexandre. Thank-you.

      And your very unique accent when you pronounce “Corbetteer” is simply delicious.

      -from a devoted if officially deprecated Corbetteer.

      (and/or official fan and disseminator of the work produced here, as you prefer.)

      • generalbottlewasher says:

        Is that a pickle in your closet or a corbeteer in your pocket ?
        Ah! Deluxe dissemination it is. Ho-hen-how./:=)

        • manbearpig says:

          Ah the Wild West! How ’bouta cigah!

          a manbearpig who hates trolls and gatekeepers (and folks in those Fields) can’t be all bad!

          X) hyuka cough…another legend…

          • alexandre says:

            You guys lost me. Teach me about wild west cough cigah pig pickles pocket ho hen what? And did I write corbetteer correctly? No one answered me. Corbbetteir? Corbetir?

  13. paul823 says:

    Just got back from China actually. Whatever their past may be I found most people were happy to talk about the government both in negative and positive terms. I suspect the real reason for all the propaganda is that the west’s leaders don’t want you see what can be done when a government has vision and purpose. The amount of infrastructure being built was amazing and most of the people we spoke too were quite happy with how things were going. Everyone has a cell phone of course and I did get the vibe of China being a Technocracy as per James’s recent video on the subject. Didn’t notice much of the social-credit system so not sure how that’s working but gee, even in Darwin Australia they are rolling that out after some local politicians went to China to see how it’s done. 🙂

    • HomeRemedySupply says:

      Paul,
      Thanks so much for the info. Feet on the ground, rather than a painting by western media. I like that.
      Please keep us informed.

      The North Dallas suburban area has a large number of folks from China and also Taiwan. With some of the folks I have interacted with who speak very little English, I have noticed that they really enjoy their phones.
      Sidenote:
      My local Chinese grocery store sells fresh Ginseng root.
      $55 per pound.
      It comes from Canada. In fact, Canadian growers sell a lot of ginseng to China. There are some interesting ThemTube clips about the Canadian ginseng growers.

  14. HomeRemedySupply says:

    Some interesting Western news feeds about China this week…

    Protests in Hong Kong
    EXCERPT
    “Some carried yellow umbrellas – a symbol of the pro-democracy Occupy protests that choked key city streets for 79 days in 2014.”
    Pictures from a string of Reuters news reports…
    https://www.reuters.com/news/picture/massive-protest-in-hong-kong-against-ext-idUSRTX6YM07

    Huawei asks Verizon to pay over $1 billion for over 230 patents: source
    https://www.reuters.com/article/us-huawei-tech-verizon-patents-idUSKCN1TD218
    EXCERPTS
    …Huawei Technologies Co Ltd has told Verizon Communications Inc that the U.S. carrier should pay licensing fees for more than 230 of the Chinese telecoms equipment maker’s patents and in aggregate is seeking more than $1 billion, a person briefed on the matter said on Wednesday…

    …Verizon spokesman Rich Young declined to comment “regarding this specific issue because it’s a potential legal matter.”

    However, Young said, “These issues are larger than just Verizon. Given the broader geopolitical context, any issue involving Huawei has implications for our entire industry and also raise national and international concerns.”

    June 13 – Bloomberg News
    UBS ‘Chinese Pig’ Furor Intensifies as Industry Group Wades In
    https://finance.yahoo.com/news/ubs-apologizes-chinese-pig-amid-065826760.html
    EXCERPTS
    …The Swiss bank and its chief economist, Paul Donovan, had previously apologized for the comment, saying it was “innocently intended.” Donovan, in a discussion of the rise in Chinese consumer prices that was mainly due to sick pigs, had asked whether that mattered. “It matters if you are a Chinese pig. It matters if you like eating pork in China,” he said in the UBS Morning Audio Comment…

    …The remark sparked outrage on social media sites in China, with users saying it humiliated Chinese people. At least three public accounts published articles about the report on WeChat, drawing more than 10,000 hits. Screen grabs of the report also circulated on chat groups. Some users posted a link to a UBS web page for filing complaints. State-run Global Times tweeted “UBS chief global economist Paul Donovan used distasteful and racist language to analyze China’s inflation in a recent UBS report.”….

    • HomeRemedySupply says:

      Regarding Hong Kong…

      June 13, 2019 – Mint Press News
      American Gov’t, NGOs Fuel and Fund Hong Kong Anti-Extradition Protests
      “It is inconceivable that the organizers of the protests are unaware of the NED ties to some of its members.”
      https://www.mintpressnews.com/hong-kong-protests/259202/

    • HomeRemedySupply says:

      Oil Tankers Explosions near Iran

      (INCIDENT Note: Also around June 13, 2019 there was an incident of possible torpedoes, or at least explosions, in the Gulf of Oman, between Iran and UAE, on some oil tankers.)(A further tidbit…I believe that Japan’s PM is visiting Iran.)

      Huffington Post via Yahoo – June 14 or 15, 2019
      Oil Tanker Owner Contradicts Trump Administration On Explosive In Mideast Ship Attack
      https://www.yahoo.com/news/oil-tanker-gulf-of-oman-iran-explosion-trump-administration-002916925.html

      EXCERPTS
      The company that owns one of the two oil tankers attacked Thursday near the Strait of Hormuz contradicted Trump administration and U.S. military reports linking the incident to an Iranian sea mine.

      U.S. Central Command said that the Norwegian-owned MT Front Altair and the Japanese Kokula Courageous were attacked Thursday by a limpet mine, which is attached to ships below the water line. The military released a video that officials claimed showed an Iranian Revolutionary Guard Corps patrol boat removing an unexploded mine from the 560-foot Courageous.

      But an official of the company that owns the Courageous said Friday that the vessel appeared to be struck in the Gulf of Oman by something that “flew towards the ship,” NBC reported.

      “We received reports that something flew towards the ship,” Yutaka Katada, president of Kokaku Sangyo Co., said at a press conference, according to NBC. “The place where the projectile landed was significantly higher than the water level, so we are absolutely sure that this wasn’t a torpedo. I do not think there was a time bomb or an object attached to the side of the ship.”…

      …Japanese Prime Minister Shinzo Abe had traveled Wednesday to Iran in a bid to improve deteriorating relations between Washington and Tehran. He left Thursday as the oil tankers burned.

      Russian President Vladimir Putin met Friday with Iranian President Hassan Rouhani at the sidelines of the Shanghai Cooperation Organization in Kyrgyzstan and praised the relationship between the two nations….

  15. scpat says:

    https://cointelegraph.com/news/project-libra-what-we-know-about-facebooks-forthcoming-cryptocurrency
    Project Libra: What We Know About Facebook’s Forthcoming Cryptocurrency

    A European Facebook executive validated some of the details shortly after, confirming that a white paper outlining the cryptocurrency’s essentials is set to be published on June 18.

    Facebook’s crypto project kicked off roughly a year ago when the company brought in David Marcus, former president of PayPal, to lead the charge.

    Unsurprisingly, the privilege of validating transactions on Facebook coin’s ledger will be reserved for a selected few. A license to operate a node on the network will reportedly cost outside entities $10 million each, and will come with a right to delegate representatives to the foundation and participate in the network’s governance.

    Weiss Ratings’ lead cryptocurrency specialist, Juan M. Villaverde said, “Facebook is looking to provide payment services to its customers. To do so, it must act as a counterparty and custodian for every payment that goes through its platform. It must have the last word on any payment users make or seek to make. Just like a bank, credit card company or PayPal. In sum, the Facebook coin will compete with established payment processors. Cryptocurrencies, like Bitcoin or Ethereum, are built from the ground up to disrupt them. The Facebook coin will be another layer built atop the existing financial system — another intermediary, another counterparty, plus all the corresponding risks. Bitcoin and other cryptocurrencies are slated to render every one of those layers obsolete.”

  16. scpat says:

    https://www.cbsnews.com/news/raytheon-united-technologies-merger-to-create-defense-giant/
    Raytheon, United Technologies to merge, creating defense giant

    Raytheon and United Technologies are merging in a deal that creates one of the world’s largest defense companies. With combined sales of $74 billion, the merged company would be bigger than Lockheed Martin and Northrop Grumman.

    The combined company, named Raytheon Technologies Corp., will be a powerhouse of defense research and technology. The companies said they will be able to develop new technologies more quickly with combined R&D spending of $8 billion annually and more than 60,000 engineers.

    Raytheon Technologies will focus on hypersonics — vehicles or weapons which can fly faster than the speed of sound — as well as intelligence and surveillance systems, artificial intelligence for commercial aviation and cybersecurity for connected planes.

    • HomeRemedySupply says:

      Interesting.
      Mergers like this are scary! A powerhouse of influence.

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