Confronting a Chinese Elite on Dark CCP Secrets | Ep. 684

Desmond Shum is a billionaire elite from China who has published a book called "Red Roulette: An Insider's Story of Wealth, Power, Corruption and Vengeance in Today's China". His wife was taken by the CCP in 2017 and Desmond couldn't reach her... until he received a mysterious phone call 2 years later before he published his book.

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Full show notes can be found here: https://www.jordanharbinger.com/684

What We Discuss with Desmond:
0:00 - Intro
0:06 - Intellectuals and businesspeople are bottom of the caste
2:54 - Moving to Hongkong after Mao died
8:21 - Tiananmen and controlling Chinese history
10:58 - When Desmond began to see corruption in China
15:01 - Dancing in the grey zone
18:58 - The Red Aristocrats and their access to a better supply chain
24:56 - How Desmond's wife gave him social mobility
33:51 - Investing in an insurance company made Desmond a billionaire
41:07 - The crazy stuff Desmond bought
47:20 - Triple networking dinners the Chinese elite have
51:42 - Being an entrepreneur in communist China
54:54 - High level Chinese officials can't leave the country
56:38 - Why "the richest people in China" list keeps changing
1:01:00 - Desmond's wife disappears to this day
1:07:32 - Desmond vs the CCP
1:13:10 - Marching in a pro CCP rally in Hongkong

Desmond Shum was warned not to publish in a surprise phone call from his ex-wife, “Whitney” Duan Weihong, who had been abducted by the Chinese government and had disappeared without a trace four years prior. It’s the book our recent guest Bill Browder — no stranger to attracting the ire of corrupt, authoritarian regimes — says is: “Powerful and disturbing…The Chinese government will not be happy with this book. Desmond Shum lifts the curtain behind the supposed Chinese economic miracle, portraying government leaders driven by corruption, conflict of interest, and greed. Rarely has anyone in modern China been brave enough to violate its oppressive code of silence and give an honest firsthand account of what really goes on in the corridors of power. Shum breaks all the rules so we can see it for ourselves and it’s not pretty.”

In this episode, Desmond joins us to share how he emerged from the shadow of his socially low-ranking parents to amass billions with the blessing of the Chinese Communist Party (CCP), and why he decided to turn on the corrupt system that had rewarded him so richly. Here, we’ll learn just how far the Chinese government goes to enforce its will, and how far it’s willing to go to punish those who transgress against it. Listen, learn, and tremble in terror, peasants enjoy!

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