P!
Giovanna-To go along with yesterdays discussion.
(Sound of grey_whiskers PURRING!)
Thanks for posting.
I’m glad people are waking up to the giant bubble and economic deception that is China.
I was starting to doubt my own sanity when I was screaming about the signs over a year ago.
When this blows, it will be massive, and will very likely result in warfare.
I haven’t changed my tag in a long, long time.
Iran has no influence in China.
The authoritarian regimes are the Iranian targets because there is a large young population seeded with fanatic malcontents.
There is no such condition in China. China has no Mecca
What if every country in the world collapsed at the same rate? Would anyone notice?
Authoritarian regimes are not inherently unstable - no more or less so then ‘mockracies. This article only makes sense if you’re one of those naive people who still believes that this middle east unrest is a spontaneous ‘mockracy movement instead of a coordinated effort to overthrow largely secular despots and replace them with mullahs on the way to a caliphate.
In reality, none of the fundamentals that apply to the middle east uprisings apply to China. Are there folks in China who would like to see the status quo overturned? Sure. Today, they amount to a fart in the wind. China is doing just fine for itself, and is very near to winning its decades long economic war on the United States.
Has WSJ changed the rules for online access? I used to be able to read past the paywall notice...
bttt
You have to hope that the laws of Chinese empire won't be the one's under which we live. And hope is for dopes. But other than buying American and keeping my fellow citizens employed I don't know what else I can do as an individual to stop America's suicide.
There are 800 million Chinese people not part of the economic boom of the past 30 years who will soon ask for their ‘fair share’. Social safety net, higher wages, healthcare. Inflation, especially food prices, is heating up. Factory workers can make more money staying on the family farm.
I expect China to have major social unrest within 2 years. Similar to the Mideast but on a much larger scale. (I’m in China now on business).
China has a skewed top-down economy that still reflects the instincts and control of the Communist Party.
Private consumption is only about 35% of the economy - a figure about half the USA’s and well below “normal” levels. “Investment” is 49% of GDP - a huge figure representing the chinese Gov’ts control over the economy at all levels.
IF China has a crisis - it will be begin in politics first, because the Communist Party and the Gov’t ARE the chinese economy/
Protesters versus tanks....let’s see....how did that Tiananmen Square thing turn out?
However, if that economic dislocation doesn't come, then for certain China is the next superpower! It's really that simple. I was talking to certain gentlemen from a certain Chinese company that I can obviously not name that are setting up all these subsidiaries in the US, and it was amazing the ease at which they were doing that. The excitement in the room was palpable. Add to that all the expansion happening in Africa and Latin America, and a graph showing their frenetic rise contrasted against the slowing down (and in two cases decline) of American and European competitors showed just how things may be if the Chinese economy keeps chugging. For the life of me I cannot decipher the STUPIDITY of the West to cede Africa (almost completely) and Latin America (to a large extent) to the Chinese. Someday that will be written down as a major mistake by the West, particularly considering the abundant resources present, the geo-political advantages, and also the fact that Africa alone currently has a larger middle class than India, and a middle class that is increasing at a significant rate (hence the current Chinese one-two punch of not only taking natural resources, but also tapping into the nascent but quickly developing consumer market in sub-Saharan Africa).
Anyways, it was an enlightening (and enjoyable) trip. Very enlightening. If China does not collapse within the next 7-10 years, then it will be next to impossible for them to not to be a superpower. In some ways they already are!
I’m trying to bug out now, I think China is just as shaky as the U.S.. I’ve been reading a book called “Going Galt”, about economic survival when everything is collapsing. It’s pretty good, but damn scary. Are whole worlds are about to change radically.
https://www.createspace.com/3514336
The author lives in fantasy land.
China is replacing America. The only nation collapsing is us.
Because we are sending everything of value - our jobs, factories and wealth to “collapsing” China, to which we owe trillions.
The author may as well write about bigfoot or ufo’s for all the reality his writing contains.