The following is a transcript from the Pro America Report.
Welcome, welcome, welcome. Ed Martin here on the Pro America Report. Great to be with you. And I hope you had a great weekend.
In a few moments, we’ll talk with our great producer, Noah Dingley, who makes sure that the show is going on time and on key and everything else. We’ll get an update from him. I always like talking to Noah off the air. We always talk about his sons. He’s got two sons, very proud of them. They’re in their 20s. I think, early 20s or so.
And I like to hear firsthand what the perspective on things, economy, in this case, the pandemic and others.
And we’ll also get an update in a few moments from Ted Malloch. Ted Malloch, of course, is the great business writer, businessman and has also been a political pundit for the past five or six years, really writing on Trump. Wrote a book on Trump called Trump’s World. Fascinating man. We’ll talk with Ted. We often do.
And we’ll wrap up by talking about how even the AMA, the American Medical Association, which if you’re not closely watching medicine or anything else, you wouldn’t know if you are, if you’re a doctor or a nurse or in that field, you would have some sense they’ve gone bonkers.
I mean, they became Liberal, but they’ve gone bonkers. And we’ll talk about that at the end of the show. But first, Let’s talk a little bit about China.
I don’t know if you’re watching the Olympics, but I I’m watching it on and off and on. You know, my children, I have four children, 17, 14, 12, and the 9 years old, and they like it.
So we’ve been, excuse me, checking in and out on it. The timing of it because it’s in Tokyo is difficult, but we’ve watched some, I don’t know, some handball and some water polo and different things, and it is fun. I enjoy rooting.
First, I like watching sports. I like the Olympics because it’s different than the smoothness of professional sports, the slickness of those guys at that level and gals at that level, even, although I like College sports, too.
But anyway, China and America and even Russia, to some extent, are in a race to see overall metals and all that stuff. But here’s what I want to point out to you.
I mentioned a week or two ago my question was, where is the problems? Where are the problems in the Communist Chinese regime regarding COVID? Because either they’re better than the rest of the world.
Nobody’s actually been able to sort of beat the whole thing. I think everybody’s figured out in this country, you know, how to handle the disease, whether it’s therapeutics, that work or understanding that being healthy is better, whatever it is.
But you just don’t see any coverage. Excuse me, of the 1.3-1.4 billion Chinese and whether they’re suffering from Covid and what’s happening with that. And so it’s very strange to me.
It’s hard for me to figure out what is happening with that. And I’ve been wondering, well, the news is out today. Finally, there’s some news breaking. It looks like they are having a breakdown. A COVID breakdown.
They’re having more problems, health problems. Maybe it’s just finally leaking out. That’s what I have to say. I have to wonder. I’ve often wondered if somehow the Chinese having a lesser impact dramatically than the Americans or than the rest of the world wasn’t, in fact, something that was engineered that wouldn’t impact their people, because that would be the ultimate way to engineer that. Right?
And so I could be wrong. Again, I think most of us think that the experts were wrong about lots and lots of things about this pandemic. They’ve been wrong about how it was spread. Do you remember do you remember how much and how often, how much disinfectant and hand sanitizer and all that stuff you had to buy and how often you had to use it?
Do you remember that people were wiping down the boxes of their groceries and the jugs of milk and all that? So we were wrong about lots of stuff. It feels like we were wrong about some of the severity. Feels like we were wrong about lots of things.
But there’s clearly been some things happening, people getting sick and others, and somehow China wasn’t being hit by that. Here’s my prediction. My prediction is this, it’s hard, even in the era of the Communist Chinese regime, controlling all of their media and technology.
You know, the great cyber wall of China is real. They keep out the Internet from other parts of the world. But Here’s my prediction. My prediction is China, the Communist regime has a problem. And the problem is it’s 1.4 billion people.
The problem is that their economy is stalled. The problem is that their stock market, at least two of the major stock markets in China have really, at least stumbled, if not really started to go into a downward trajectory.
My prediction is this, just as we don’t know what happened with the COVID pandemic, the Wuhan Pandemic in China, we don’t really know what the state of their economy is.
And one of the questions I’m gonna ask later to Ted Malloch, cause he’s spent time in China and understands the global politics with about 50 years of experience, more than I do. Feels to me like China is headed for a breakdown. That the Communist regime. They’re jailing billionaires. They jailed a billionaire last week or 10 days ago. They jailed him.
I forget what the charges were, but it wasn’t anything that looked like it was real. It looked like it was he disagreed with the regime.
They have protests and everybody that protests gets arrested, right? They’ve got Uyghers in camps, and a lot of coverage of that. They’ve got the Falun Gong, the adherence to the Falun Gong, which I often refer to as sort of a hybrid, a spirituality along with a yoga kind of thing. It’s got a physical component along with a spirituality. Those people have been persecuted.
So we have all these things that are going it’s getting known more and more, and the fundamentals are off. And so the question is, can the Communist regime in this modern world hold it all together?
They’ve certainly invested all over the world. What is it, the Belt and Road initiative. I always I always say that wrong. I always want to say… Belt and Road Initiative, I think, is what it’s called. And I have other words that point in my mind. I can’t even remember why I get that right.
But they’ve spent trillions of dollars across the country. Excuse me, across the world, outside of their country, in developing Nations, in Africa and other places. But I’m reminded I was reminded of this that the Japanese went on a spending spree too, and they got themselves out, oh you know in the 80s and into the 90s.
They got themselves out over their economy, and they really paid a price. They still are.
What happens in China if the Communist regime loses control of their economy, loses control of the Pandemic, loses control of the Internet, because you can bet that just as you hear about cyber attacks on America by ransomware or whatever, you can bet your bottom dollar that the American intelligence and other intelligence agencies are looking at what’s happening in the economies, in the Communist Chinese regime and looking what’s happening to Chinese people and figuring out how to get them information.
Everybody’s done that. And here’s the wrinkle. You get the Communist regime in trouble, You’ve got a major world problem because we’re talking about a nuclear power, not on the power of America yet not on the power of Russia even, but a big nuclear power with a lot of horsepower. And stabilizing that country will not be easy if it starts to become unstable. It will be lurching around, and it will be problematic, to say the least.
So my prediction again, back to my prediction. My prediction is you’re going to see in the coming, I would say in the next year, major fischers, cracks in the Communist regime’s ability to hold it all together. I think you’re going to see coverage of the pandemic hitting China. I think that’s coming out.
I think you’re going to see coverage of the economy in China stumbling, and that’s coming out. I you’re gonna see more social unrest because there’s about 300 million Chinese nationals that live as the party regulars of the Communist regime. And there’s about – do the math, right?
Another just close to a billion, maybe a little bit more than a billion people who live pretty much like it was 100 years ago in the rest of the world. I mean, it’s not exactly… You know, there’s hundreds of millions of people. 500 million? 500 million people let’s say, let’s be conservative.
Let’s say that 500 million people are living in conditions that are something akin to the early 1900s. The people are not going to be happy for long as opportunity or better said, information gets given to them on what’s happening. So I’m ringing the warning lights on China. The China warning lights.
The Communist regime’s in trouble. The Chinese won’t win the metals contest. The Americans will come through on that. I can feel it. And watch China. And again, as much as we should root for China to be crippled for what they’ve done with fentanyl in America, what they’ve done to intellectual a property, what they’ve done to trade all these things, you just got to be careful.
But we have to be careful to understand what the real problems are going to be if the Communist regime really stumbles. And I’m predicting they will.
So we’ll take a break everybody. Come back, we’ll talk with, we’ve got Noah Dingley today, our great producer, as well as Ted Malloch. It’s Ed Martin here on the Pro America Report. Back in a moment.