TOC Ready Room 23 March 2023: China, moles, and economic mischief (the non-TikTok kind)

There are always too many interesting new developments to try to cram very many of them into a single Ready Room.  This edition, like all the rest, will leave a number of promising nuggets on the cutting-room floor.

But here are a couple of standouts from this week’s haul so far.

“China mole” info from think-tank officer sheds light on DOJ stance on Bidens in 2019

Miranda Devine has a great piece at New York Post on Wednesday about the explosive information from a Washington, D.C. think-tank principal, Gal Luft, that in a period prior to early 2019, “Hunter Biden had an FBI mole named ‘One-Eye’ who tipped off his Chinese business partners that they were under investigation.”

In a new geo-military landscape, Belarus’s Lukashenko goes to China

Just over six years ago, in January 2017, I noted in an article at Liberty Unyielding that China had recently closed a logistics gap eyed for some 200 years by military planners.  The gap had been felt as a hindrance for much longer than that, but it became especially significant to warfare and geopolitics in the age of rail.

China’s feat was completing a capable, reliable rail network all the way from China’s eastern coast to the UK, on the western edge of Europe.  On 1 January 2017, Beijing inaugurated the first freight train service from China to London.

Rail service all the way across Asia and Europe, and not operated by Russia to at least Eastern Europe, had never existed before.  The lack of such service was a key factor in every kind of geopolitical calculation about Asia:  economic and military as well as political.  The Soviet “iron curtain” had laid a long stasis

China goes down to the sea: Putting the “hybrid” in warfare (Bonus update: Biden’s excellent balloon* adventure)

Foreword:  In the interim before sending this to post, the Chinese surveillance balloon* swam into America’s ken.  (Since then, more unidentified airborne objects have been shot down in the last 48-odd hours.)  As an example of the intrusive level at which the Chinese Communist Party is prepared to admit itself to other nations, including the United States, the balloon could hardly have been more timely or useful.  The separate phenomenon recounted in this article has been pooh-poohed by some Western observers as a stretch, too exotic, or – somehow – “evidently” not close enough to implementation to worry about.  But there’s really no closer it has to be.  The capability exists; the opportunity is wide open right now.  Of course China didn’t develop the capability merely for the CCP’s amusement, with no intention of using it.  If Xi Jinping has major geopolitical moves in view, as he manifestly does, now is the time to make preparations for it.  That’s what the surveillance balloon was about:  not just a probe, but a measure to prepare a hybrid battlespace.  We should be paying attention to everything.  I’ll have a few comments on the balloon at the end.

Nevada, Utah, and Venezuela: A tale of two oil and gas policy moves

Possibly, if these events hadn’t all been concurrent, I mightn’t have noticed either tale, or the events it encompassed.

But they did all unfold at the same time.  And they struck me quite forcibly.

One struck me in particular, for reasons I suspect will be obvious.  So I’ll just mention that one at the outset, to get things started.

In October 2022, a batch of Venezuelan bonds bought by Goldman Saches back in May 2017 reached their final maturity date.  The bonds were against the Venezuelan state-owned oil and gas company, Petroleos de Venezuela, S.A. (PDVSA).  They were nominally worth $2.8 billion when purchased for some $865 million in 2017.  Many business and political commentators thought it was a bad buy at the time: a use of investors’ money that was neither sound from a business standpoint nor impressive from a moral one.

TOC Ready Room 26 October 2022: 101st Airborne in Romania; Kanye, China, and other wonders

This will be a rough-and-ready Ready Room, intended to spray a few current topics out there without going in-depth on any of them.  I really mean it this time, so throw rotten fruit if you catch a glimpse of over-analysis out here in the heathery rough.

The first topic is the headline teaser:  deployment of the U.S. 101st Airborne to Europe.  CBS did a segment this past week in which its crew accompanied soldiers of the 101st on field activities in Romania, just “a few miles” from the border of Ukraine.

CBS gets an exclusive sneak peak: "The US Army's 101st Airborne is practicing for war with Russia just miles from Ukraine's border"

"It's not just about defending NATO territory," correspondent @charliecbs reports. "They're fully prepared to cross over into Ukrainian territory" pic.twitter.com/XE2OfHZV4o

— Michael Tracey (@mtracey) October 22, 2022

A great deal was made of the point that the 101st hasn’t deployed to Europe since World War II.