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Chinese Yuan Rallies to 28 Month High on Prospect of Biden Win

Trump supporters fear Biden will be compromised by Communist dictatorship.

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Xinhua News Agency/Getty Images

The Chinese yuan has rallied to a 28-month high on the prospect of a Joe Biden win, exacerbating the concerns of Trump supporters that a Biden administration will be compromised by the Communist state.

The yuan saw wild swings on election night, with the dollar initially falling on expectations of a Biden win but then surging back as it looked like Trump would win re-election.

However, by the end of the night, after thousands of mail-in ballots in several swing states suddenly dropped for Biden, the yuan had begun to recover ground.

In the 48 hours that followed, with a Biden win looking increasingly likely, the Chinese currency rallied to a 28 month high and analysts now see it rising even further.

DBS strategist Chang Wei Liang sees a Biden presidency as securing “less antagonistic U.S.-China trade relations and a rally in Chinese assets.”

However, Trump supporters see a greater existential threat to America’s number one superpower status, asserting that Biden is in bed so deep with Beijing that he could put U.S. interests at risk.

Late last month, Hunter Biden’s former business partner Tony Bobulinski claimed that Biden’s son had received $5 million from Chinese partners for a Chinese-backed infrastructure project and that the former Vice President was in on the deal.

This led Republican Congressman Dan Crenshaw to warn that, “There’s a possibility that Joe Biden is actually compromised by the Chinese Communist Party.”

“The American people deserve to know this,” he added. “We’re about to have an election and potentially elect a president that’s compromised by the Chinese Communist Party because this energy company has direct ties to the Communist Party.”

Whatever the truth of Biden’s involvement with his son’s dodgy dealings, it seems clear that one person who will be celebrating a Biden presidency will be Chinese dictator Xi Jinping.

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Sen. Josh Hawley: Time to “Bury” Republican Party, “Build Something New”

Calls for massive reform after mid-terms failure.

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Joe Raedle via Getty Images

After a highly disappointing performance in the mid-term elections, Senator Josh Hawley says it’s time to “bury” the old Republican Party and “build something new.”

Although Republicans had a good chance of capturing the Senate, it now appears as though they could end up losing a seat following defeats in Arizona and Nevada, with a run off in Georgia to follow next month.

They are also only set to win the House with a slim majority, far from the relatively easy win predicted, as forecasts of a “red wave” completely failed to materialize.

Sen. Josh Hawley (R-MO) reacted to the outcome by calling for massive reform.

“The old party is dead. Time to bury it. Build something new,” Hawley tweeted in response to Republican Adam Laxalt losing the Nevada Senate race to Sen. Catherine Cortez Masto’s (D-NV).

Hawley’s demand for change arrives after he indicated he would not support Sen. Mitch McConnell for Senate GOP leadership.

“I don’t imagine I will, no,” Hawley said, adding, “I’m not sure if any other senator will run or not. Nobody’s indicated they would. But my view is that we need new leadership in that position.”

Hawley has been vocal on a number of advocacy issues that the Republican establishment has largely ignored, including breaking up Big Tech, calling for the U.S. to withdraw from the WTO, and creating tax credits for working class families.

Meanwhile, President Trump is still set to announce his run for presidency in 2024 this week, despite many Republicans blaming his interventions for their poor mid-term performance.

Former Trump adviser Jason Miller says the billionaire will ignore calls for him to delay the announcement.

“President Trump is going to announce on Tuesday that he’s running for president. And it’s going to be a very professional, very buttoned-up announcement,” said Mr Miller.

Miller says Trump told him while playing golf, “Of course I’m running. I’m going to do this, and I want to make sure people know that I’m fired up.”

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Trump Set to Ignore GOP Advice to Delay Presidential Announcement

Announcement set for 9pm Tuesday at Mar-a-Lago.

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Joe Raedle via Getty Images

Donald Trump is set to ignore GOP advice to hold off on announcing his presidential candidacy until after a Georgia runoff election that could potentially decide the Senate, with the announcement now expected on Tuesday.

Trump has reportedly been itching to announce his comeback run for months, but Republican leadership insisted that he hold off until after the mid-terms.

Now Trump has revealed he will make a special announcement at 9pm EST from his Mar-a-Lago home next week.

During a rally last Monday, Trump indicated he would make the announcement the following week, although with final election results in several states not expected for days, that won’t happen.

The Georgia run off is scheduled to take place on December 6 and could determine who controls the Senate, depending on the results in Nevada and Arizona, where votes are still being counted.

There was speculation as far back as June that Trump was about to announce his candidacy, claims that were bolstered when an unlisted video discovered on YouTube showing the former president’s plane getting a new paint job.

However, with some of the candidates Trump endorsed underperforming, more Republicans are now aligning behind Florida Governor Ron DeSantis, although DeSantis would have an uphill struggle defeating Trump in the primaries.

Trump has now “declared war” on DeSantis according to media reports, accusing him of “playing games” and manipulating the media.

“NewsCorp, which is Fox, the Wall Street Journal, and the no longer great New York Post, is all in for Governor Ron DeSanctimonious, an average REPUBLICAN Governor with great Public Relations,” wrote Trump in an email to supporters.

Fox News responded to the mid-term results, where DeSantis crushed his opponent in Florida but the wider “red wave” failed to materialize, by running an op-ed titled ‘Ron DeSantis is the new Republican Party leader’.

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b l a c k p i l l e d

The strangest election ever?

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A historically unpopular president with rapidly declining cognitive abilities.

Presiding over a crippling inflation crisis and an economy heading south in a hurry.

And he has a better mid-term record than Barack Obama or Bill Clinton.

Makes perfect sense.

Please share this video! https://youtu.be/q9t6XfMRj4Q

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