Posted on 01/17/2023 10:22:23 AM PST by USA-FRANCE
The size of China’s debt problem is truly staggering. At last measure, debt of all sorts – public and private and in all sectors of the economy — amounted to the equivalent of $51.9 trillion, almost three times the size of China’s economy as measured by the country’s gross domestic product. This is the highest level recorded in the 27 years since Beijing first began to track such statistics. Matters seem set only to get worse.
(Excerpt) Read more at forbes.com ...
They will want to invade a few Asia countries and place eyes on the Middle Eastern oil reserves to they could control all oil prices. They will attack rather than go down the drain. You can bet your last ruble that they have their eyes squarely on the USA and are planning their attacks and invasion plans. They have 60-70 million fresh young Chinese men ready to die for the flag!! They can lose that many and still have a billion to fight on. We don’t have that many, especially those that WOULD FIGHT to preserve the Republic. The major lovers of this Republic are nearly at, or actually retired. We don’t have the young people who would go into combat to preserve the country. Most of these kids cannot get their faces on their phones long enough to look down the sight of a rifle!!!
Projection from the increasingly in debt United States.
You overestimate Chinese youth.
Here’s a video on the phenomenon of “Laying Flat” that you might appreciate.
https://www.youtube.com/watch?v=uWl7njLlXLU
They won't invade the American continent.
They might respond to "requests for assistance" from California to control Mexican cartels after a civil war breaks down the United States government. The Chinese have a lot of investment money tied up on the West coast. And they will want to "protect Chinese citizens" who are residents of those areas.
The local politicians will invite the Chinese military for "joint training exercises". The Anglos still left in power will need the Chinese to save their own hides from the Mexicans. The remaining Federal government will be too busy with other problems to be of any help.
US Military forces will be unavailable, unreliable, ineffective, and mostly deployed to quell domestic insurrections on the east coast and in the south. They won't be allowed to or even capable of suppressing the cartels anywhere.
The Chinese deals with the Mexican cartels to supply them with unlimited quantities of fentanyl will need to be revised a bit.
And yet, doing simple word replacement, our nation's "debt of all sorts" dwarfs China's. The world's "first nations" are become Ponzi schemes, and each likely is waiting for the other to topple over -- first. But "we're number one...."
And -- oh, look over there -- the debt ceiling politics is erupting once again in Congress, with Democrats and RINOs ready to enlarge the credit card because.... What could possibly good wrong?
Our debt is ‘only’ $31 trillion in comparison. The good news is hat we’ve got $30 trillion or so in our IRA/401k accounts the government can raid.
Unfortunately, you are fundamentally right.
The Chinese communist nomenclature have zero morality concerning the value of human life. They don’t believe in the concept God either. Chinese citizens are just tools to use. The countdown to take Taiwan has already started.
However, if Russia fails in Ukraine, that could seriously hamper Chinas will to invade...
One thing to keep in mind is that the Communist Chinese soldiers may not be as ready to die as you might think.
There were reports in newspapers about two weeks ago, not retracted that I know of, that the PLA was designing helmets that can explode either locally (soldier ostensibly activates device to avoid being captured) or remotely (you have no choice but to go forward or your helmet blows up)
I didn’t believe the report, but it was covered by the Epoch Times and picked by some major outlets. It sounds outlandish. But they are Communists and have murdered between 60-120 million of their own citizens in the last century (depending on who you listen to) so this isn’t a stretch.
The Chinese Communist party may know something about PLA soldiers that they aren’t telling us. Or it could be bizzare propaganda.
Thanks for the info.
It doesn’t surprise me about the Chinese governemet.
And hopefully China and Russia will never truly unite. They are in competition.
But if they do, NATO will have to double in strength to stay in equilibrium.
Honestly, I didn’t believe that story when I saw it. But I have come to view Epoch Times as one of the few newspapers in the world that could even be remotely trusted.
That said-the Communist Chinese government is truly evil. Evil. They have been waging unlimited war for over thirty years, and the United States (and West in general) don’t have the dimmest idea.
Exactly, they wage war in secrecy undermining American interests with trickery and treachery, and most of us are oblivious about it.
The mess with China truly exploded when Bill Clinton made China join the WTO.
A HORRIBLE mistake for America and a direct attack on our longterm economy.
Here, some humor, but... not that far from reality concerning communism... https://www.youtube.com/watch?v=iAHJCPoWCC8
Thanks-I am going to check it out when I get home. If there is one thing rank and file communists do well, it is poking fun at the stupidity and inefficiency of Communism!
In this manner, tallying all the "debt of all sorts, public and private" shows our indebted nation is so far beyond the Chinese "debt of all srots" as to make clear the extent of this hot mess.
A simple equation would add all debt, national, state, county and city to all corporate and consumer debt. What might one imagine that sum would be?
It’s worse than that. The government hides our true debt by moving unfunded liabilities out of the official national debt total. At the end of 2021, our total unfunded liabilities were $130 trillion.
Yepper, Mao starved the peasants who were growing food for him and his cronies, but leaving little for those doing the growing, picking and dying.
I just do NOT understand the hysteria Americans get over asian s ‘taking over economically’. The same thing happened with Japan and they are a mess too. They’re just not that smart like people think.
I agree with what you said. Those Chinese men know their chances of having a wife and his two children are slim and none and both of those have left the building.
Some economists believe were heading into a world recession everyone takes a the hit the way Biden is burning money we may get hit the hardest.
Bkmk
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