Hong Kong's Lam Won't Resign, Condemns Protesters For Creating "Very Dangerous Situation" On Day Of Crippling Strikes

While the world is transfixed by the fireworks unleashed by the plunge in China's yen to a record low, the real geopolitical hotspot for China remains Hong Kong, and there things are getting progressively uglier following Monday morning's press conference by Karrie Lam who once again said she will not resign, and warned that "some people" have put Hong Kong in a very dangerous situation as protesters' actions challenge the "one country, two systems" model and threaten prosperity by seeking to ruin the city by calling for "revolution" or the "liberation of Hong Kong."

In a press conference in which Lam was flanked by eight top officials, including chief secretary, chiefs of finance, commerce, transport, security, health and civil service as well as home affairs undersecretary, she said she is taking responsibility by staying on to serve, arguing that resignations by her or others won't help (several million protesters would beg to differ). Her solution: "Upholding the rule of law is the way out", by which she means the people conceding to Beijing's demands.

"Such extensive disruptions in the name of certain demands or uncooperative movement have seriously undermined Hong Kong’s law and order, pushing our city, the city we all love and many of us helped to build, to the verge of a very dangerous situation,” Carrie Lam says.

"The government will be resolute in maintaining law and order of Hong Kong and restoring confidence" she said, adding that "we all love Hong Kong and have made various contributions to its stability and prosperity … it’s time to say no to chaos and violence."

The only problem is that the only ones who are eager to say "no to chaos and violence" are various Triad-linked thugs, and of course, the Chinese People's Liberation Army, which according to report is massing on the Hong Kong border, just waiting for the green light to, well, "liberate."

Additionally, Lam said that protests have already deviated from the original demand, Lam said. She didn't say much on calls for an independent inquiry into police action and recent events. The General Chamber of Commerce has joined protesters in calling for an inquiry.

In a surprising reversal from prior periods when China would sternly ignore the events in Hong Kong, today even the People's Daily tweeted account has been following every twist in the much anticipated Lam presser, quoting her verbatim as mainland China's attention is now squarely focused on how Beijing will quell the Hong Kong rebellion.