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VIDEO: Challenging The Chinese Coronavirus Data

19 hours ago

Another day, another video update from Chris on the latest status of the Wuhan coronavirus:

Pretty much the entire country of China is in lockdown at this moment. Unbelievable.
Along with restricting travel within and across its borders, the Chinese government has begun heavily censoring the data its sharing with the world.
Chris calls into question the few statistics they’re currently reporting, suspecting the situation is devolving into something much worse than admitted to.
Be sure to stay up-to-date on Peak Prosperity’s ongoing full coverage of the coronavirus outbreak by visiting here.
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PODCAST: Everything We Know So Far About The Coronavirus

2 days ago

In the midst of our furious coverage of the Wuhan coronavirus outbreak, Chris is giving interviews to numerous interested media outlets.
Here’s an interview he just recorded hours ago on the TFMR Podcast, which gives a good breakdown of what we know so far about the unfolding situation (as of Saturday, Jan 25, 2020).
It’s a worthwhile listen for those concerned about the outbreak. And it’s great for sharing with people just waking up to the contagion risk, as it provides a thorough overview of both what’s going on and what’s most likely to happen next.
The Peak Prosperity team is busy producing more podcasts, videos & reports of our own on this fast-moving situation, which we’ll be releasing as quickly as we can over the coming days.
Click the play button below to listen to Chris’

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How Contagious Is The Coronavirus?

2 days ago

This is the latest in our ongoing coverage of the fast-developing coronavirus outbreak originating in Wuhan, China. Our goal is to provide timely and science-based clarity on the situation for those overwhelmed by the many confusing & conflicting reports swirling in the media. If this is the first article of ours you’re reading on the subject, we recommend also reviewing our primer on the coronavirus.

There’s currently a bit of a kerfuffle on Twitter. It’s over an R0 study on ‘2019-ncov’, which is the official designation for the Wuhan coronavirus (as a reminder, R0 is a measure of how contagious a virus is).
The study is creating a stir because it initially reported an R0 of 3.8, but then was swiftly downgraded to 2.5.
First, it’s important to know that an R0 of 2.5 is still very bad.

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VIDEO: The Risk Of A True Pandemic Is Higher Than We’re Being Told

3 days ago

OK, there’s a LOT of uncertainty and confusing/conflicting information currently circulating right now about the new coronavirus outbreak that has suddenly erupted out of Wuhan, China.
What’s really going on? What exactly is the ‘coronavirus’?
And most important: How worried do we need to be?
Given the poor communication so far by government health organizations and the media, the severity of the situation and the risk to public health, Chris Martenson filmed this important explanatory video hours ago.
Dr. Martenson’s PhD is in pathogenic biology, so he understands the nature of this virus more than your average scientist.
In the video below, Chris explains the virus in layman’s terms, why the contagion we’re seeing is likely to spread substantially from here, and why the actions being

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Daily Digest 1/24 – Good News Friday: First Treatment for Pain Using Human Stem Cells is a Success, Brewery puts faces of shelter dogs on beer cans

3 days ago

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header “Good News Friday.” We will save and post weekly. Enjoy!
Economy

New discovery may lead to ‘one-size-fits-all’ cancer treatment one day, researchers say (Sparky1)
A team of researchers in the United Kingdom discovered a new type of immune cell that they say could one day be used as a “one-size-fits-all” therapy for most cancers.
Scientists at Cardiff University say they’ve found a T-cell with a new type of receptor that can recognize and kill most cancers. Their findings were published in the peer-reviewed journal Nature Immunology on Monday.

Brewery puts faces of shelter dogs on beer cans

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Our Recommended Pandemic Preparations

3 days ago

Why the coronavirus is much more dangerous than the standard flu
Why, if it accelerates, it can easily overwhelm our health & safety systems
A list of the most important preparations for a pandemic
Why you *really* want to put those in place now
If you have not yet read ALERT: Coronavirus Pandemic Event Now A Serious Risk, available free to all readers, please click here to read it first.
Well, this is a report I really hoped never to write.  But we all need to get our head on straight around this fast-spreading viral outbreak.
A pandemic is #3 on my personal “oh shit” list (a prolonged grid-down event is #2, and a global world war with nukes is, by far, #1)
Once a pandemic spreads to my neck of the woods, I’m not going to be doing anything in the company of strangers.  No shopping, no

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Daily Digest 1/23 – Experimental vaccine stocks jump on concerns about new virus in China, Calling Things By Their Real Names

4 days ago

Economy

Experimental vaccine stocks jump on concerns about new virus in China (Sparky1)
Shares of small vaccine makers gained sharply in Tuesday trading over growing concerns about the spread of a new coronavirus in China that has infected at least 200 people.
There have been about 275 confirmed infections and at least six deaths, stemming from an outbreak in Wuhan City in China, according to Chinese authorities. Infections have also been reported in Japan, South Korea, and Thailand. The Centers for Disease Control and Prevention confirmed Tuesday that a U.S. resident who had traveled to Wuhan has been diagnosed with the virus. He lives and is being treated in Washington state.

Civil War II: Gun control could push Virginia counties to join West Virginia (Thomas R.)
West Virginia

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ALERT: Coronavirus Pandemic Event Now A Serious Risk

4 days ago

Note:  An ALERT is only issued when events cause me to take personal actions.  I am preparing for the possibility of a global pandemic that will arrive in my own country.  You should, too.  This is the sort of on-the-spot analysis and reporting that we routinely offer to our subscribers but, due to the nature of this threat, we are making it public.
The coronavirus is currently sweeping across China. So far, it has all the hallmarks of a potential true pandemic outbreak.
While it could still (and hopefully will) be contained and burn itself out, the chances of that are slipping by the hour.
If an actual pandemic breaks out, expect the following to happen quickly:
Travel within and especially between countries will be restricted if not completely banned
Critical shortages of materials will

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Daily Digest 1/22 – World’s Biggest Producer of Plastic to Curtail Its Use, Living on $738 a month: As Boomers hit retirement,

5 days ago

Economy

Living on $738 a month: As Boomers hit retirement, Social Security more important than ever
29% of households headed by someone age 55 and older have no pension plan or retirement savings, according to a 2016 report from the federal Government Accountability Office.15% of Americans age 65 are older are still working, a percentage that is growing.In 2017, less than a third of Americans age 65 or older had pension income from an employer, and that percentage is dropping.

NJ Is Set to Change a Key Assumption About Public-Employee Pension Investments
A recent study published by The Pew Charitable Trusts tracked the trend to lower assumed rates of return by looking at the returns of more than 70 state-sponsored pension systems between 2007 and 2017. None of the funds maintained a

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Off The Cuff: Pre-emptive Strike

5 days ago

In this week’s Off The Cuff podcast, Chris and John Rubino discuss:
Australia Is Burning
The impending shale oil bust
Central banking desperation
The PP May 2020 seminar
The evidence is now impossible to refute: the Economic, Energy & Environmental predicaments this site has been warning of for years are now hitting in force. Central banks are panicking, Australia is burning and the shale oil patch is becoming a graveyard for investor capital.
How desperate is it becoming?
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.

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Daily Digest 1/21 – Some Strategists Say Get Ready for ‘Peak Decade’, Has Natural Gas Hit Rock Bottom?

6 days ago

Economy

After coronavirus outbreak, India issues travel advisory for trips to China (Sparky1)
New Delhi: The Indian government has issued a travel advisory asking citizens to follow certain precautionary measures while visiting China in the wake of the outbreak of infection there because of a new strain of the virus which is causing respiratory problems.
The advisory issued by the Union health ministry cautioned those visiting China to avoid travel to farms, live animal markets or where animals are slaughtered, and refrain from consuming “raw or uncooked.

How Prepared Are We For The Next Pandemic? Not Very, Experts Show (Sparky1)
What will happen when an unexpectedly virulent flu, or SARS, or Disease X—any other rapidly spreading viral infections—spreads globally causing a pandemic?

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Daily Digest 1/20 – China’s coronavirus cases likely grossly underestimated, Missouri could jail librarians for lending ‘age-inappropriate’ books

7 days ago

Economy

All of the World’s Wealth in One Visualization (Thomas R.)
The financial concept of wealth is broad, and it can take many forms.
While your wealth is most likely driven by the dollars in your bank account and the value of your stock portfolio and house, wealth also includes a number of smaller things as well, such as the old furniture in your garage or a painting on the wall.

The Tractor Backlash (Thomas R.)
John Deere, like Ford and GM and all the rest, is forced by the government to build tractors as complicated as new cars – and just as impossible for the average owner to service.
But people still have the choice not to buy them. Many are beginning to exercise this choice.

Missouri could jail librarians for lending ‘age-inappropriate’ books (Sparky1)
A Missouri bill

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Daily Digest 1/18 – Finding the Future in Radical Rural America, Stocks Have Rarely Been This Quiet

8 days ago

Economy

Stocks Have Rarely Been This Quiet in the Past 50 Years (Adam T.)
The S&P 500 is in one of its longest streaks without a 1% daily move in the past five decades, highlighting how the latest leg of the stock-market rally has been a gradual climb rather than a euphoric surge.
The broad equity gauge hasn’t moved 1% or more in either direction since mid-October, its sixth-longest streak since the end of 1969 and third-longest since the end of 1995, according to Dow Jones Market Data.

Northam Declares State of Emergency in Virginia Because “armed militia groups plan to storm the Capitol” (Sparky1)
The drama in Virginia has escalated again as Governor Ralph Northam declares an official State of Emergency before January 20th’s “Lobby Day” protests.
Citing violence that erupted in

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VIDEO: The Fed’s Evil Juggernaut

10 days ago

Juggernaut: (n) massive inexorable force, campaign, movement, or object that crushes whatever is in its path

The US Federal Reserve is once again force-feeding liquidity into the system. At its fastest rate ever.
The result? Record high stock prices whose valuations defy all logic.
What’s wrong with that? Shouldn’t we just enjoy the party and be grateful for our rising 401ks?
What’s wrong is that the Fed’s actions are dooming us. Their poisonous cocktail of endless cheap money and rock-bottom interest rates is hastening a terminal breakdown of the economy, while deliberately enriching a tiny cadre of elites to the ruin of everyone else.
Though most remain blind to this, Fed policy (and the similar ones pursued by the other major world central banks) is directly responsible for, or a

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Daily Digest 1/17 – Good News Friday: Teen Discovered New Planet 6.9 Times Bigger Than Earth, World’s Last Known ‘Dinosaur Trees’ Saved

10 days ago

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header “Good News Friday.” We will save and post weekly. Enjoy!
Economy

Teen Discovered New Planet 6.9 Times Bigger Than Earth Just Days into NASA Internship (jasonw)
A 17-year-old high school student is being hailed for discovering a new planet that is roughly 6.9 times larger than the Earth—and he did it on his third day of an internship with NASA.

California woman found alive in snow-covered vehicle after 6 days missing in mountains (jasonw)
A woman with dementia who was reported missing six days ago in Northern California was found alive on Wednesday in a snow-covered vehicle, according to

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Strategic Relocation

11 days ago

One of the most frequent questions we get from people working to become more resilient is: Is there a better place I should move to?
Answering this question isn’t simple.
First you need to to determine what selection criteria are important to your decision-making and prioritize them according to your specific personal requirements and goals. Then you need a region-by-region evaluation that enables you to identify potential “good fit” options.
This process can be overwhelming for most folks starting from scratch. Which is why turning to a time-tested guide to this process can be a tremendously valuable resource.
There aren’t that many out there. The best one we know of that’s still in print is Strategic Relocation by Joel Skousen.
This 350-page encyclopedic work specifies the key metrics

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Daily Digest 1/16 – Stocks climb new peaks on trade deal, Trump tax cut hands $32 billion windfall to Banks

11 days ago

Economy

Stocks climb new peaks on trade deal, oil slips on demand worries (Thomas R.)
Key world equity indexes climbed to new records on Wednesday on hopes a U.S.-China trade deal will reduce harmful tensions, but oil prices slid on doubts the pact will spur world growth and boost crude demand.

Race to refine: the bid to clean up Africa’s gold rush (Thomas R.)
ENTEBBE (Reuters) – In a refinery just outside Uganda’s main airport, workers slip bars of freshly refined gold into clear plastic bags sealed with a sticker of the national flag – black, yellow and red – and the label “Ugandan’s Treasure.”

Putin engineers shake-up that could keep him in power longer (Sparky1)
President Vladimir Putin engineered a surprise shake-up of Russia’s leadership Wednesday, proposing changes to the

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Falling Through The Cracks

12 days ago

In the trailer for our recent (and excellent) webinar WTF: What The Fed?!?, I ask:

What’s it going to take for the pitchforks to come out? How much more does the common man need to be abused before he wakes up and says ‘I’m not going to take anymore!’?

As discussed in detail in the webinar, our economic and political systems have been captured by monied interests. Industry, government, markets and the judicial system all work for their benefit.
The result? An acceleration of wealth and opportunity away from the masses and into the pockets of the top 1% (really, the top 0.1%)
The public is literally being sacrificed so that a tiny number of powerful elites can enjoy “more”.
Today, I’m not going to make my point with my usual onslaught of charts and data. Instead, I’m going to make it

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Daily Digest 1/15 – Venezuela’s Maduro hikes minimum wage 300 percent, Global debt hits new record of $253 trillion

12 days ago

Economy

Venezuela’s Maduro hikes minimum wage 300 percent
Venezuelan President Nicolas Maduro on Monday raised the minimum wage by 300 percent to 18,000 bolivars per month, around $6.70, as part of routine wage hikes in an economy suffering from annual inflation approaching 2 million percent.

Report: County’s Unfunded Pension Liabilities Rise (Riverside)
In order to make up for losses, the county will have to push its contribution rates up in the current fiscal year — to the equivalent of 24.5% percent of payroll for the safety category, compared to 21.6% currently, and the equivalent of 43% of payroll for the miscellaneous category, compared to 37.3% now, according to the report.

San Diego’s pension debt climbs past $3 billion for first time
A new analysis shows San Diego’s

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Daily Digest 1/14 – Peak Permian Oil Output Is Closer Than You Think, China Tariffs to Stay Put

13 days ago

Economy

Will you ‘feel pretty stupid’ holding cash? One trader revisits Ray Dalio’s laughable call and warns of a similar drop (Adam T.)
Almost exactly two years ago, investing legend Ray Dalio turned heads with one of the worst short-term market calls in recent memory.
The Bridgewater Associates founder, in an interview at the World Economic Forum back in January 2018, told investors that they were going to “feel pretty stupid” if they were holding cash as stocks climbed toward record highs.

Economists increasingly say it’s acceptable for the U.S. to take on more debt — for the right reasons (jasonw)
SAN DIEGO — Many top economists are coming around to the belief that it’s acceptable, even preferable, for the United States government to spend more money, even if it means increasing

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The One Good Thing About The Fed

14 days ago

The Fed and the other major world central banks are pumping huge amounts of money into global markets while busy ‘easing’, which means ‘lowering interest rates’.
Their plan is for all this funny-money to boost further the stock markets, er ““markets,”” which is very popular with both the domestic politicians and the international Davos crowd that central bankers prefer to hang around with.
Thus, every social pressure the central bankers are exposed to is 100% in support of continuing to pump up financial asset prices.

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Daily Digest 1/13 – Don’t abbreviate 2020. It’s for your own good, GM is giving Hummer a second life

14 days ago

Economy

Full Disclosure: News Pundits’ Hidden Arms Industry Ties (Sparky1)
A loud chorus of voices appeared in the media to celebrate President Donald Trump’s decision to assassinate Iranian Maj. Gen. Qassim Suleimani, a move that has sparked renewed tension in the Middle East, a new deployment of U.S. forces, and predictions of increased military spending.
Many of the pundits who appeared on national television or were quoted in major publications to praise the president’s actions have undisclosed ties to the defense industry — the only domestic industry that stands to gain from increased violence.

Hedge Fund CIO: Will The Fed Ever Be Held Accountable For Turbocharging Inequality That Poisons America (nickc)
You see, accountability and consequences are both relative things. The less

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Daily Digest 1/11 – Women Overtake Men as Majority of U.S. Workforce, How to return to sound money

15 days ago

Economy

Women Overtake Men as Majority of U.S. Workforce (Adam)
WASHINGTON—Women held more U.S. jobs than men in December for the first time in nearly a decade, a development that likely reflects the future of the American workforce.

The share of women on payrolls, excluding farmworkers and the self-employed, exceeded the share of men in December for the first time since mid-2010, Labor Department data released Friday showed. Women held 50.04% of jobs last month, surpassing men on payrolls by 109,000.

Trump’s Iran adventure has Japan over a barrel (David G.)
Of all the things Shinzo Abe thought might undo his legacy as economic savior, Iran may well have been the furthest risk from the Japanese Prime Minister’s mind.
But less than two weeks into 2020, the specter of renewed chaos

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Taking The Leap Into The Unknown

17 days ago

Why the next 7 years will be so critical to preparing yourself
A realistic strategy for adopting a ‘back to the land’ lifestyle
Why the route to our salvation will look like a leap into the unknown
Why those who see what’s coming & take action will be those who prosper
If you have not yet read Part 1: Surf’s Up!, available free to all readers, please click here to read it first.
Today there are 220,000 more humans on the planet than there were yesterday.  Each day a city’s worth of new humans all wanting food, warmth, cars, smartphones and internet.
Meanwhile, the most important resource of them all, oil, is set to begin waning right around 2030, give or take.
Once people catch onto the idea that infinite growth is not possible, and that oil is THE limiting resource for a global,

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Surf’s Up!

17 days ago

Nothing seems right anymore.
In whichever direction we choose to look, things are unraveling at a quickening pace.
Welcome to the Fourth Turning; and with it, a profound loss of trust in institutions and government.
Such lack of social cohesion is a hallmark of a Fourth Turning. Sadly, it’s happening at a time when society desperately needs to pull together, set aside our differences, and make some really big decisions.
Dirty Hands Everywhere
For my own part, my loss of trust in what is termed the ‘mainstream media’ (MSM) is nearly complete.  Its sins of omission and commission have piled up too high to forgive – the bank of trust I once had in it has lost every penny and is now in deep overdraft.
In my opinion its gravest sin is the willful and deliberate fracturing of society into many

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Daily Digest 1/10 – Good News Friday: How To Talk Less and Listen More, Reducing the Environmental Impact Of What You Buy

17 days ago

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header “Good News Friday.” We will save and post weekly. Enjoy!
Economy

These Dow stocks hold up the most during rough times for the market (Thomas R.)
U.S. stock averages continued to fall on Monday after President Donald Trump threatened to impose sanctions against Iraq on Sunday, shortly after Baghdad called for American and foreign troops to leave the country. With stocks falling and the Cboe volatility index, a fear-gauge, spiking, investors are wondering if markets are in for a tumultuous January. With Iran vowing to retaliate, investors might want to hide out before things get ugly.

Talk Less.

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Daily Digest 1/9 – Corporate CFOs Say Stock Market Is Overvalued, Texan Wind Power Grows Again

18 days ago

Economy

Nearly all corporate CFOs say the economy is going to slow and the stock market is overvalued (Thomas R.)
While CFOs see a downturn, that doesn’t mean they’re foreseeing a worst-case scenario. In fact, expectations for an outright recession fell to 3% in the fourth-quarter survey, down from 15% in the first-quarter 2019 survey. However, 97% say a slowdown already has begun or will start sometime in 2020.

The College Wealth Premium Has Collapsed (tmn)
The college earnings premium has proved durable and considerable overall. White people born in the middle of the century got more of an earnings boost for attending college than white people born in the 1980s—but the boost for both groups was big. (“People” is close-enough shorthand here; the authors use a more technical household

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Doing The Impossible

19 days ago

Looming government insolvency. Ecosystem collapse. Our complete dependence on depleting fossil fuels. Overpopulation. The accelerating wealth gap between the 1% and everyone else. The folly of pursuing exponential growth on a finite planet.
How many of you are concerned about the above?
Now, when trying to engage folks on these topics, especially those people you care about — spouses, partners, friends, family, co-workers — how often has it ended in epic failure?
Each of these topics often seem impossible to talk about. Too many people find them too triggering.
When that happens, emotions get inflamed. The defensive force fields go up. Once that happens, nothing we say, no data we offer, can penetrate.
We could add many more topics to this list above. Religion. Politics. Abortion.
But

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Daily Digest 1/8 – Fake Wealth Exposed, The Deeper Story Behind the Assassination of Soleimani

19 days ago

Economy

The U.S. Spends $2,500 Per Person on Health Care Administrative Costs. Canada Spends $550. Here’s Why (Saxplayer00o1)
Administrative costs now make up about 34% of total health care expenditures in the United States—twice the percentage Canada spends, according to a new study published Monday in Annals of Internal Medicine.

Kansas governor turns to pensions for budget breathing room (Saxplayer00o1)
Legislators have wrestled with public pension costs for decades, and the KPERS system remains 68% funded, with a long-term gap between its funding and promised benefits still projected at $9.2 billion.

Pension costs could erase the impact of Arizona’s teacher raises. What will we do about it? (Saxplayer00o1)
But teachers and school districts are now paying four times what they

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Daily Digest 1/7 – US-Iran Tensions Send Gold Higher, A Challenging Decade is Upon Us

20 days ago

Economy

“On the Edge of a Precipice”​ – A Challenging Decade is Upon Us (Thomas R.)
Modern agriculture has been very successful in delivering calories, basically by converting copious amounts of fossil fuels into food, but rather less so in delivering nutrients. This is because it exhausts top soil and organic matter, critical to produce nutrient-dense foods. As such the health crisis will become worse as a depleted nutrition acts as a catalyst to major diseases.

The Future of America’s Contest with China (tmn)
Xi’s speech gave no acknowledgment of the headlines—China’s heavily criticized internment of Muslims in Xinjiang, protests in Hong Kong, a grinding trade war with the United States. In his telling, the momentum of history was beyond question. “No force can shake the status of

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