Posted on 05/21/2026 5:56:33 AM PDT by MtnClimber
Trump understands finance and economics. Trump knows that China is doubling down on their path to economic doom. I’ve come to believe that he is humoring the Chinese to get good trade deals for America, knowing that China is struggling to stave off their coming financial crash.
We have read about China building, and sustaining, its rapidly growing economy with huge spending on government financed projects. These projects are often large infrastructure and urban housing projects.
All governments do this. China’s mistake is doing it on a gigantic scale by continuing to print money it doesn’t have. This creates a vast public debt that becomes progressively more dangerous. This is perhaps an inevitable mistake made by leaders of socialist economies. Russia is doing the same thing to keep paying for its failing Ukraine gambit.
Socialists avoid the natural controls of capitalist economies that let businesses fail, rather than continue to cover their failure to make a profit. This leads to ever more government debt to avoid economic collapse, thus making the problem ever larger, and making the inevitable collapse ever worse.
This article from the Financial Times describes it well.
How China enables American domination
Normally after an empire gains economic might, its currency takes an increasing share of reserves held by central banks. With a 17 per cent share of global GDP, but only 2 per cent of central bank reserves, China is trailing 30 to 40 years behind previous superpowers at a similar stage of their ascents.
(Excerpt) Read more at americanthinker.com ...
Dear FRiends,
We need your continuing support to keep FR funded. Your donations are our sole source of funding. No sugar daddies, no advertisers, no paid memberships, no commercial sales, no gimmicks, no tax subsidies. No spam, no pop-ups, no ad trackers.
If you enjoy using FR and agree it's a worthwhile endeavor, please consider making a contribution today:
Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you,
Jim
In light of history, literature and the present circumstances along with what is about to happen, that is to me one of the funniest things I have EVER seen on FR, and will probably become a pillar of humor to which to refer for years to come! Bwa ha ha ha ha ha!!!
I keep hearing they think really long term, that one policy alone told me they don’t.
So who will write the 2026 version of the Glapes of Lath?...
In light of history, literature and the present circumstances along with what is about to happen, that is to me one of the funniest things I have EVER seen on FR, and will probably become a pillar of humor to which to refer for years to come! Bwa ha ha ha ha ha!!!
It seems all our leaders continue the game of musical chairs.
😁............................
China is Iran’s biggest oil buyer. No wonder they don’t want to lose that flow. But Putin says I have plenty for you brother if needed.
There are a couple properties right here in southern NH that have been purchased by Chinese investors. One is the former Daniel Webster College campus. It is just sitting there. About a dozen buildings.
A Chinese company also bought a warehouse facility with the intention of using it to bottle beverages. That is because the local water works has more water than they know what to do with. The dump 60K gallons into the Merrimack River daily.
Of course, generally people are against Chinese investors buying these properties. Especially, the potential bottling plant in Nashua. That is because BAE systems is right down the street. The New Boston Space Force station is also about fifteen miles away.
I was in Nassau Bahamas last month. The cab driver told me that the Chinese owned the entire waterfront main street in downtown Nassau. Including the Margeritaville Hotel complex.
Which is why the USA had to build(MOVE) their consulate building. To get farther away from the property owned by the Chinese. Maybe these all have potentially nefarious CCP purposes. OR maybe they just want to invest OUT SIDE of China. ANYWHERE outside of China. Where the government owns ALL property.
The ONLY reason China is/was buying Russian, Iranian and Venezuelan oil is because they were willing to sell it CHEAPER than any other producers.
We and the Euros put a tariff on Russian oil. So, Russia made deals with China and India to sell it at a 30% discount.
We made it so Iran couldn’t sell its oil on the world market. So, they had to sell it at a discount to China or Turkey or who ever would buy it.
Then we did the same to Venezuela(Citgo) to some extent.
When China knows that they are the biggest BUYER, they can negotiate a better price.
Whether it will be a Great Depression or just a serious and prolonged downturn, its coming. The demographics alone would tell you that. China adopted the 1 child policy about 40 years ago. In addition to that, the 4 big state owned banks are carrying a ton of toxic debt from ghost cities, extra unfinished and unused apartments, infrastructure projects that were white elephants, etc etc. Incredibly, the CCP has been able to keep the bubble from full bursting yet but China’s debts are much worse than ours were before the 2008 Great Recession. You can’t escape the consequences of that forever.
“China’s debts are much worse than ours were before the 2008 Great Recession”
The federal debt is ~$400,000/American citizen full-time worker.
What do you think is ‘affordable’ when it comes to a house, Mr. & Mrs. Young?
$300,000, tops!
The $300,000 isn’t enough to secure Mr. & Mrs. Young’s $800,000 share of the federal debt.
You might say there’s stock market value to secure the federal debt. That would need to be about $500,000 for Mr. & Mrs. Young and their kiddies. That’s $500,000 after state and federal corporate tax is paid. Yup, $500,000 profit, after tax, just from one American citizen family.
What about the migrants? They can bolt.
“The pot calling the kettle black.”
China could overcome its problems by reducing government controls, increasing transparency, and instituting an independent judicial system.
“Socialists avoid the natural controls of capitalist economies that let businesses fail”
Perhaps it is better to subsidize Miss China at 10% of her income than to subsidize Miss Gimme at 100%.
The US subsidizes very expensive PPACA policies, often at 100%.
Has the nurse strike for $200,000+/year/nurse to hand out pills been settled?
In the USA, Medicare Part B services and injectable drugs costs ~$10,000/year per recipient on average.
Federal land could be used to secure the national debt, at least a good part of it.
That is what the nation did in 1787 with the Northwest Ordinance.
What has happened, in the past 250 years, is productivity has expanded in order to diminish the debt. We are in the start of a golden age of more and more productivity.
It certainly distracts the populace.
After bombing Pearl Harbor. Stuka pilots get thirsty.
Right-look at post colonial Africa
there was an oil embargo
cuz japan invaded china
im not seeing the parallel
Actually it’s already here, it’s just actively being covered up by their government, but it will eventually be impossible to cover up.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.