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	Comments on: Mister BS has drunk the Koolaid	</title>
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	<link>https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/</link>
	<description>Daphne Caruana Galizia is a journalist working in Malta.</description>
	<lastBuildDate>Mon, 14 Jul 2014 09:56:01 +0000</lastBuildDate>
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		<title>
		By: Calculator		</title>
		<link>https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2245783</link>

		<dc:creator><![CDATA[Calculator]]></dc:creator>
		<pubDate>Mon, 14 Jul 2014 09:56:01 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=49830#comment-2245783</guid>

					<description><![CDATA[&quot;The fact that Maltese people like eating ‘Chinese food’ is not a cultural link either: that’s not real Chinese food.&quot;

And if Mr BS wants to compare Malta to other with other countries and states in that regard, why not go with the USA?

It has a longstanding and sizable Chinese community in may of its states; &quot;Chinese food&quot; is often featured as a staple junk food or quick meal in its films, comics and so on.

Does all this make the USA and China the best of friends? Most definitely not.]]></description>
			<content:encoded><![CDATA[<p>&#8220;The fact that Maltese people like eating ‘Chinese food’ is not a cultural link either: that’s not real Chinese food.&#8221;</p>
<p>And if Mr BS wants to compare Malta to other with other countries and states in that regard, why not go with the USA?</p>
<p>It has a longstanding and sizable Chinese community in may of its states; &#8220;Chinese food&#8221; is often featured as a staple junk food or quick meal in its films, comics and so on.</p>
<p>Does all this make the USA and China the best of friends? Most definitely not.</p>
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		<title>
		By: P Shaw		</title>
		<link>https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2244741</link>

		<dc:creator><![CDATA[P Shaw]]></dc:creator>
		<pubDate>Mon, 14 Jul 2014 01:02:41 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=49830#comment-2244741</guid>

					<description><![CDATA[We should expect a special edition of Xarabank on the historical &#039;deal&#039; with China.]]></description>
			<content:encoded><![CDATA[<p>We should expect a special edition of Xarabank on the historical &#8216;deal&#8217; with China.</p>
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		<title>
		By: Willie Inatinovic		</title>
		<link>https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2244396</link>

		<dc:creator><![CDATA[Willie Inatinovic]]></dc:creator>
		<pubDate>Sun, 13 Jul 2014 21:53:42 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=49830#comment-2244396</guid>

					<description><![CDATA[Saviour Balzan in Malta Today: “We are doing no different in China than Angela Merkel and David Cameron did”.

Oh really? Kemm hu injorant, miskin.

What the w*nker doesn&#039;t know is that Merkel and Cameron went to China to sell yet more Made in UK and Made in Germany goods, and to stop the Chinese from ripping off the patented ideas of British and German manufacturers. 

Joey and his little Disneyland entourage, with a panting and salivating Balzan tagging along, went there to get the Chinese to come and buy Malta, take over, bankrupt the country and then fuck off back to communist China. Just like they&#039;re doing in Third World Africa.]]></description>
			<content:encoded><![CDATA[<p>Saviour Balzan in Malta Today: “We are doing no different in China than Angela Merkel and David Cameron did”.</p>
<p>Oh really? Kemm hu injorant, miskin.</p>
<p>What the w*nker doesn&#8217;t know is that Merkel and Cameron went to China to sell yet more Made in UK and Made in Germany goods, and to stop the Chinese from ripping off the patented ideas of British and German manufacturers. </p>
<p>Joey and his little Disneyland entourage, with a panting and salivating Balzan tagging along, went there to get the Chinese to come and buy Malta, take over, bankrupt the country and then fuck off back to communist China. Just like they&#8217;re doing in Third World Africa.</p>
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		<title>
		By: Jozef		</title>
		<link>https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2244116</link>

		<dc:creator><![CDATA[Jozef]]></dc:creator>
		<pubDate>Sun, 13 Jul 2014 19:48:56 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=49830#comment-2244116</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2244006&quot;&gt;La Redoute&lt;/a&gt;.

Didn&#039;t take Labour long to go back to its vintage. 

This is sick.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2244006">La Redoute</a>.</p>
<p>Didn&#8217;t take Labour long to go back to its vintage. </p>
<p>This is sick.</p>
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		<title>
		By: Jozef		</title>
		<link>https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2244029</link>

		<dc:creator><![CDATA[Jozef]]></dc:creator>
		<pubDate>Sun, 13 Jul 2014 19:06:58 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=49830#comment-2244029</guid>

					<description><![CDATA[And another one, this one mentioning specifically those three trillion in reserves, and putting the whole thing in context. 

http://www.zerohedge.com/news/2012-11-05/chinese-credit-bubble-full-frontal

&#039;.....Whereas it is relatively easy to track the progression of the &quot;developed world&quot; deep into the twilight rabbit zone hole (in bizarro metaphore-land speak) of no total debt/GDP return as defined by Reinhart and Rogoff (where anything above 80% sovereign leverage is more or less the game over line for one country, let along the entire Western world) courtesy of day to day updates of total debt in the US (103% debt/GDP) and its comparably indebted peers, when it comes to world&#039;s growth dynamo - China - it is next to impossible to get a sense of just how big the debt hole is for a country whose economic data has been and continues to be one massive goalseeked, G.I.G.O. blackbox. At least that is the case at the sovereign level where the government can and does show whatever data it feels like as the country is excluded from traditional counterparty flow checks which serve as an at least modest buffer for data fabrication for the other globalized countries engaging in international trade. That, and the Ministry of Truth of course, which some have likened recently to an amateur version of the US&#039; own BLS.

However, while government and consumer debt can be whatever China wants it to be (and when it isn&#039;t, any discharged and non-performing debt is merely masked over with more debt: China doesn&#039;t have $3 trillion in foreign reserves for nothing) corporate debt, in keeping with Western-style reporting requirements, is far more difficult to obfuscate and falsify in recent years. It is here that we get the first glimpse of the true sheer extent of the Chinese credit bubble, which as the chart below shows, is already the largest in the entire world....&#039;

G.I.G.O. that&#039;s garbage in, garbage out, easy when you don&#039;t answer to any criticism. 

Again, whose prime minister is Muscat? And just pray Saviour&#039;s over this week&#039;s koolaid.]]></description>
			<content:encoded><![CDATA[<p>And another one, this one mentioning specifically those three trillion in reserves, and putting the whole thing in context. </p>
<p><a href="http://www.zerohedge.com/news/2012-11-05/chinese-credit-bubble-full-frontal" rel="nofollow ugc">http://www.zerohedge.com/news/2012-11-05/chinese-credit-bubble-full-frontal</a></p>
<p>&#8216;&#8230;..Whereas it is relatively easy to track the progression of the &#8220;developed world&#8221; deep into the twilight rabbit zone hole (in bizarro metaphore-land speak) of no total debt/GDP return as defined by Reinhart and Rogoff (where anything above 80% sovereign leverage is more or less the game over line for one country, let along the entire Western world) courtesy of day to day updates of total debt in the US (103% debt/GDP) and its comparably indebted peers, when it comes to world&#8217;s growth dynamo &#8211; China &#8211; it is next to impossible to get a sense of just how big the debt hole is for a country whose economic data has been and continues to be one massive goalseeked, G.I.G.O. blackbox. At least that is the case at the sovereign level where the government can and does show whatever data it feels like as the country is excluded from traditional counterparty flow checks which serve as an at least modest buffer for data fabrication for the other globalized countries engaging in international trade. That, and the Ministry of Truth of course, which some have likened recently to an amateur version of the US&#8217; own BLS.</p>
<p>However, while government and consumer debt can be whatever China wants it to be (and when it isn&#8217;t, any discharged and non-performing debt is merely masked over with more debt: China doesn&#8217;t have $3 trillion in foreign reserves for nothing) corporate debt, in keeping with Western-style reporting requirements, is far more difficult to obfuscate and falsify in recent years. It is here that we get the first glimpse of the true sheer extent of the Chinese credit bubble, which as the chart below shows, is already the largest in the entire world&#8230;.&#8217;</p>
<p>G.I.G.O. that&#8217;s garbage in, garbage out, easy when you don&#8217;t answer to any criticism. </p>
<p>Again, whose prime minister is Muscat? And just pray Saviour&#8217;s over this week&#8217;s koolaid.</p>
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		<title>
		By: Min Hexamexa		</title>
		<link>https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2244021</link>

		<dc:creator><![CDATA[Min Hexamexa]]></dc:creator>
		<pubDate>Sun, 13 Jul 2014 19:04:03 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=49830#comment-2244021</guid>

					<description><![CDATA[Mr Balzan was favourably impressed by how advanced a supposedly depressed area of China is.

Did he not notice the anti-suicide nets around the factories in Guiyang?

He wouldn&#039;t have been allowed to see peasants being beaten, stabbed and shot: https://m.youtube.com/watch?v=-D4PDTrTOaY

Or police shooting protestors: https://m.youtube.com/watch?v=O_U9gTN3Ecc

Or what life is like for 99% of China&#039;s population: https://m.youtube.com/watch?v=RMnil9Jxrx8]]></description>
			<content:encoded><![CDATA[<p>Mr Balzan was favourably impressed by how advanced a supposedly depressed area of China is.</p>
<p>Did he not notice the anti-suicide nets around the factories in Guiyang?</p>
<p>He wouldn&#8217;t have been allowed to see peasants being beaten, stabbed and shot: <a href="https://m.youtube.com/watch?v=-D4PDTrTOaY" rel="nofollow ugc">https://m.youtube.com/watch?v=-D4PDTrTOaY</a></p>
<p>Or police shooting protestors: <a href="https://m.youtube.com/watch?v=O_U9gTN3Ecc" rel="nofollow ugc">https://m.youtube.com/watch?v=O_U9gTN3Ecc</a></p>
<p>Or what life is like for 99% of China&#8217;s population: <a href="https://m.youtube.com/watch?v=RMnil9Jxrx8" rel="nofollow ugc">https://m.youtube.com/watch?v=RMnil9Jxrx8</a></p>
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		<title>
		By: La Redoute		</title>
		<link>https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2244006</link>

		<dc:creator><![CDATA[La Redoute]]></dc:creator>
		<pubDate>Sun, 13 Jul 2014 18:44:32 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=49830#comment-2244006</guid>

					<description><![CDATA[&quot;it us up to me to decide when to divulge the conditions of Sai Mizzi&quot; - Muscat said in his interview with Saviour Balzan in China.

No, it is not up to Muscat to decide when to release that or any other type of information. This isn&#039;t China. Muscat is accountable to the electorate. Balzan knows it, but he let that smart ass remark go by unchallenged.

Malta Today&#039;s request made under the Freedom of Information Act was refused on the grounds that personal data should not be published. So is Muscat saying he&#039;s using the Data Protection Act for his own ends, and will ignore it when he pleases?]]></description>
			<content:encoded><![CDATA[<p>&#8220;it us up to me to decide when to divulge the conditions of Sai Mizzi&#8221; &#8211; Muscat said in his interview with Saviour Balzan in China.</p>
<p>No, it is not up to Muscat to decide when to release that or any other type of information. This isn&#8217;t China. Muscat is accountable to the electorate. Balzan knows it, but he let that smart ass remark go by unchallenged.</p>
<p>Malta Today&#8217;s request made under the Freedom of Information Act was refused on the grounds that personal data should not be published. So is Muscat saying he&#8217;s using the Data Protection Act for his own ends, and will ignore it when he pleases?</p>
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		<title>
		By: Jozef		</title>
		<link>https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2244005</link>

		<dc:creator><![CDATA[Jozef]]></dc:creator>
		<pubDate>Sun, 13 Jul 2014 18:44:13 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=49830#comment-2244005</guid>

					<description><![CDATA[Now is the time to welcome Chinese investment says Muscat.  

Just look at those graphs, the third one, non-performing loans, a pretty valley. Something&#039;s very wrong if they managed to spike their debts following the credit crunch. 

http://www.zerohedge.com/news/2014-03-04/china-verge-first-corporate-bond-default-once-more

Whose prime minister is Muscat?]]></description>
			<content:encoded><![CDATA[<p>Now is the time to welcome Chinese investment says Muscat.  </p>
<p>Just look at those graphs, the third one, non-performing loans, a pretty valley. Something&#8217;s very wrong if they managed to spike their debts following the credit crunch. </p>
<p><a href="http://www.zerohedge.com/news/2014-03-04/china-verge-first-corporate-bond-default-once-more" rel="nofollow ugc">http://www.zerohedge.com/news/2014-03-04/china-verge-first-corporate-bond-default-once-more</a></p>
<p>Whose prime minister is Muscat?</p>
]]></content:encoded>
		
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		<title>
		By: Jozef		</title>
		<link>https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2243981</link>

		<dc:creator><![CDATA[Jozef]]></dc:creator>
		<pubDate>Sun, 13 Jul 2014 18:33:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=49830#comment-2243981</guid>

					<description><![CDATA[It may have three trillion in reserves, but lost the equivalent of a full half of that amount only last week. 

http://www.ecns.cn/cns-wire/2014/07-10/123506.shtml

The main problem that&#039;s emerging is their &#039;astonishingly fast decision making&#039; leaving every central bank unable to match decisions to that of a regime which does not allow anyone to be a reliable, independent interface. 

Indeed, has anyone ever seen China&#039;s central governor? 

The other one&#039;s that politicians in the west have finally realised unemployment requires manufacturing jobs to go down. 

So true Muscat, now&#039;s the time to attract investment, pity you&#039;re looking the other way.]]></description>
			<content:encoded><![CDATA[<p>It may have three trillion in reserves, but lost the equivalent of a full half of that amount only last week. </p>
<p><a href="http://www.ecns.cn/cns-wire/2014/07-10/123506.shtml" rel="nofollow ugc">http://www.ecns.cn/cns-wire/2014/07-10/123506.shtml</a></p>
<p>The main problem that&#8217;s emerging is their &#8216;astonishingly fast decision making&#8217; leaving every central bank unable to match decisions to that of a regime which does not allow anyone to be a reliable, independent interface. </p>
<p>Indeed, has anyone ever seen China&#8217;s central governor? </p>
<p>The other one&#8217;s that politicians in the west have finally realised unemployment requires manufacturing jobs to go down. </p>
<p>So true Muscat, now&#8217;s the time to attract investment, pity you&#8217;re looking the other way.</p>
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		<title>
		By: La Redoute		</title>
		<link>https://daphnecaruanagalizia.com/2014/07/mister-bs-has-drunk-the-koolaid/#comment-2243974</link>

		<dc:creator><![CDATA[La Redoute]]></dc:creator>
		<pubDate>Sun, 13 Jul 2014 18:31:37 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=49830#comment-2243974</guid>

					<description><![CDATA[Angela Merkel and David Cameron have both criticized China&#039;s human rights record loudly and clearly. Merkel did so at Tsinghua univeristy this week, instead of reading out a Chinese propaganda speech like Muscat did.

British media have been vocal in criticising China&#039;s suppression of fundamental freedoms. 

Notoriously, the BBC was banned for years and its transmission was blocked in China. Its offence was a video report of ethnic Tibetans being shot as they tried to escape from China by crossing snow covered mountains. 

Panorama reporters ran a documentary about press suppression in China, including footage showing them being shadowed by state agents, censored by their state minder, and harassed by local officials. 

Comments by a Tian an Men survivor whose legs were amputated were interrupted by their state-approved minder.

Compare that to TVM&#039;s sycophantic interviews with Muscat and Grech this week.]]></description>
			<content:encoded><![CDATA[<p>Angela Merkel and David Cameron have both criticized China&#8217;s human rights record loudly and clearly. Merkel did so at Tsinghua univeristy this week, instead of reading out a Chinese propaganda speech like Muscat did.</p>
<p>British media have been vocal in criticising China&#8217;s suppression of fundamental freedoms. </p>
<p>Notoriously, the BBC was banned for years and its transmission was blocked in China. Its offence was a video report of ethnic Tibetans being shot as they tried to escape from China by crossing snow covered mountains. </p>
<p>Panorama reporters ran a documentary about press suppression in China, including footage showing them being shadowed by state agents, censored by their state minder, and harassed by local officials. </p>
<p>Comments by a Tian an Men survivor whose legs were amputated were interrupted by their state-approved minder.</p>
<p>Compare that to TVM&#8217;s sycophantic interviews with Muscat and Grech this week.</p>
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