LOU: CHINA EXPANDING BELT AND
ROAD INITIATIVE TO PANAMA, WITH
OPEN ARMS FROM THE PANAMA
PRESIDENT, CALLS THED WHICH
PRESIDENT, CALLS CHED WHICH
PRESIDENT, CALLS CHID WHICH
PRESIDENT, CALLS CHINEWHICH
PRESIDENT, CALLS CHINESEICH
INITIATIVE A BIG OPPORTUNITY.
WITH A HIGH-SPEED LINE AND
PANAMA CITY TO COSTA RICA.
SINCE ESTABLISHING DIPLOMATIC
RELATIONSHIP WITH PAN AM ACT PAN
RELATIONSHIP WITH PAN AM ACT PAM
RELATIONSHIP WITH PAN AM ACT PAA
RELATIONSHIP WITH PAN AM ACT PAD
A CONTRACT.
TO BUILD A BRIDGE OVER THE
PANAMA CANAL.
DIRECT FLIGHTS WILL BE AVAILABLE
BETWEEN SHANGHAI AND THE PANAMA
WENT THE COMING MONTHS.
AND THE U.S. RESPONSE HAS BEEN?
WE TAKE IT UP WITH DR. MICHAEL
PILLSBURY.
GREAT TO HAVE YOU WITH US, LET'S
START WITH PANAMA, THAT IS AN
AMAZING STORY.
A SUCCESS STORY FOR CHINA.
>> YES.
LOU: I GO BACK TO THINKING ABOUT
JIMMY CARTER, WHEN HE TURNED
OVER THE PANAMA CANAL.
>> THAT WAS 40 YEARS AGO.
LOU: AND I HAPPEN TONG THAT WE
HAVE NOT COME CLOSE TO PUTTING
THAT MUCH MONEY INTO PANAMA IN
OUR TOTAL INVESTMENT OVER THAT
TIME.
>> I THINK WE GAVE UP A LOT OF
INFLUENCE IN PANAMA, PROBLEM AS
YOU KNOW, YOU HAVE BEEN SOUNDING
THE ALARM, CHINESE BELT AND ROAD
INITIATIVE AND OTHER LOANS THEY
PUT OUT ARE BASED ON THE IDEA
THAT MONEY TALKS, IF WE DON'T
COUNTER THAT WITH OUR OWN
WARNINGS THEY WILL HAVE PANAMA
AS THEIR FRIEND THEY MADE A LOT
OF PROGRESS IN LAST WEEK WITH
ITALY.
AND PRIME MINISTER SIGNING UP.
FRENCH PRESIDENT, MERKEL IN
GERMANY, ALL ENDORSING WHAT
ITALIANS ARE DOING.
I AM GETTING WORRIED, OUR OLD
THEORY, I CALL THIS A MAJOR
INTELLIGENCE FAILURE.
THE THEORY THAT'S CHINA IS WEAK,
THEY ARE COLLAPSED, THEY ARE RUN
BY A BUNCH OF HAS BEENS WHO ARE
ATHIEST.
NOW WE'RE SEEING CHINA CLOSING
IN ON US.
PRESIDENT TRUMP SAID IT IS NOT
GOING TO HAPPEN TO HIS WATCH
THAT THEY SURPASS US, BUT HE IS
RIGHT, THEY ARE ON THE MOVE.
LOU: RIGHT.
ANYWAY A COMPETITION TO THE
CHINESE.
AND FOR CRYING OUT LOUD WE'RE
TALKING ABOUT IN OUR HEMISPHERE.
WE HAVE COMMUNIST TEACHING
CAPITALIST HOW TO USE MONEY FOR
CRYING OUT LOUD.
>> YES.
YOU KNOW, COLD WAR BEGAN IN
1947, CONGRESS CREATED CIA,
JOINT CHIEFS OF STAFF, A NEW LAW
HOW TO MANAGE COLD WAR, WE'VE
DONE NOTHING LIKE THAT FROM
CHINA.
THIS IDEA THAT CHINA COLLAPSE IS
KILLING ANY EFFORT ON OUR PART
TO RESIST THEM.
LOU: AND WHAT ARE WE TO DO?
>> WE HAVE TO CHANGE OUR
GOVERNMENT STRUCTURE.
PRESIDENT HAS TO GET MORE PEOPLE
WORKING FOR HIM WHO SHARE HIS
VISION.
WE HAVE TO TAKE IT MORE
SERIOUSLY THAN AT THE PRESS 10 S
SERIOUSLY THAN AT THE PRESS 10 N
SERIOUSLY THAN AT THE PRESS 10 E
TIME, I REMEMBER JIM MATTIS TOLD
PRESS WHO WERE SHOCKED IN AUGUST
LAST YEAR, I'M MAKING MY FIRST
VISIT TO BEIJING IN MY LIFE.
WE CAN'T HAVE PEOPLE HAVE NO
KNOWLEDGE OF CHINA ACQUIRE ALL
TOP JOBS IN THE GOVERNMENT.
WHEN WE FACE THEM AS THE MAJOR
CHALLENGE.
LOU: I TAKE YOUR POINT BUT I
CAN'T ABIDE AN INTELLIGENCE
COMMUNITY THAT DOES NOT SEEM TO
UNDERSTAND EXPENDING BILLIONS OF
DOLLARS, IN CAREERS IN EFFORT
NOT UNDERSTANDING THE CHINESE
ANY BETTER OR DID I MENTION
RUSSIA OR IRAN?
OR DID I MENTION SAUDI ARABIA?
AND THE MIDDLE EAST.
WE HAVE AN INTELLIGENCE
COMMUNITY THAT SEEPS
COMMUNITY THAT SEEP SEEMS TO ME
NEEDS TO BE RESTRUCTURED BEFORE
ANYTHING MEANINGFUL CAN HAPPEN,
IF THEY ARE OUR EYES AND EARS ON
THE WORLD, WE'RE BLIND AND DEAF
RIGHT NOW.
>> RIGHT THERE IS A LITTLE KNOWN
PROVISION OF LAW THAT
INTELLIGENCE COMMUNITY HAVE TO
REPORT TO CONGRESS IF THERE IS
WHAT THEY CALL SIGNIFICANT
INTELLIGENCE FAILURE, THEY TREAT
IT AS A LOOPHOLE.
THEY HAVE NOT MADE A CONFESSION
YET.
LOU: ARE YOU HOLDING YOUR BREATH
ON GERMANY MAKING A DECISION TO
HUAWEI, TO NOT INTEGRATE HUAWEI
IN THEIR NETWORK.
>> IT IS HOPELESS, THEY HAVE
GONE TOO FAR, I SAW THEIR
DEFICIENT MINISTER GO FROM
BERLIN TO BEIJING, AND GUSH ALL
OVER CHINESE MILITARY, THAT
MAKES YOU WANT TO CRY.
LOU: WE'LL ACROWD AT LEAST THAT
PART OF THE PAIN AND SUFFERING
FOR A WHILE.
DOCTOR DR. MICHAEL PILLSBURY
THANK YOU.
>> GOOD NEWS ON THE TRADE TALKS,
WE'LL TALK ABOUT THAT NEXT TIME.
LOU: I HEARD ABOUT GOOD NEWS FOR
SOME MONTHS NOW.
SO I THINK WE CAN WAIT UNTIL
NEXT TIME.
>> OKAY.