Posted on 08/10/2019 6:01:40 AM PDT by mplc51
So the ball is in their court, either play by the rules or face chaos. Believe me, they are intentionally interjecting chaos in to our country. Want to dance, let's dance. We will see who comes out the other side as the winner.
You my misguided friend are operating under the assumption that China is our trading partner. In point of fact they are our direct competitor. Some would go so far as to say they are our enemy. It is not in our best interest to nurture China’s ambitions.
Except that China is in the midst of building the surveillance state to end all surveillance states. Even if the Chinese people wanted to, I doubt that they could at this point.
Correct.
To understand Chinese thinking, read Michael Pillsbury.
1. Expansion props up the Chinese economy. 2. All powerful governments always make big mistakes.
Those two items have given rise to the evils that now beset this nation. The wholesale slaughter of the most innocent has created an atmosphere that life is worthless and often times inconvenient. This allows young minds to believe they are inconsequential and in many cases worthless. AS a result they act out, and in too many instances with violence.
Yep! Trump even says he doesn’t fault them for having taken advantage of our economy over the years. And he is not wishing their economic collapse. He just wants a fair trade of goods between our two countries. A lot of Americans don’t understand, or can’t grasp, the significance of how we have lost so much of our manufacturing base over the years. President Trump has made us aware!
Nothing is impossible, especially if the will of the majority can successfully override the power, who in actuality are a very small minority. It has happened before and it can happen again. It’s never easy to throw off the shackles, even when a majority of the citizens want it.
That China has a massive real estate bubble is not new. They really stepped on the gas pouring money into real estate when the 2008 financial crash in the West hit exports as Westerners tightened their belts. Just look up “ghost cities”. As we saw in 2008 and Japan saw in 1989, real estate bubbles are extremely painful when they burst and are a huge drag on an economy for years and years.
Trump hitting their exports to their #1 market with higher and higher tariffs comes at a terrible time for them. What do they offset the inevitable collapse of the debt bubble there with if not a huge inflow of cash from exports?
The well connected and wealthy in China have been getting as much of their money out as they could for years now. They see what’s coming.
the reagan line was trust but verify.
that’s what’s in play here.
The Chinese took a trust but verify document and turned it into a trust us document.
Now we play a game of chicken where it will be increasingly clear that the chinese will break first.
At this point—the chinese believe that the Trump will break first politically.
imho the chinese will make a mistake and invade hong kong to restore order. the result will be that the hong kong dollar will be delinked from the US dollar. beijing will have to intervene to prop up the hong kong dollar. but it will take 100’s of billions of dollars to do so. and even then both the yuan and the hong kong dollar will decline—forcing out many more hundreds of billions of dollars. and foreign investment in China will go from a declining source of new capital to zero and negative.
I’ve heard several voices that i respect suggesting that trump is making the wrong moves with the tariffs against chinese goods. Causing hardships for the midwest farming communities that the chinese are retaliating against is said to be an electoral risk for the 2020 election.
I’ve heard those voices and I dont disagree. However I would respond to say that we are not stuck on stupid. We have been trying the same thing over and over again for decades with the Chinese and expecting a different result. It’s time to take the risk that nobody else seemed to want to afford. Put some pressure on the Chinese and see if we get a different outcome.
In any case these are things that we can disagree on in an agreeable manner. I am of the opinion that the Chinese and the Russians are our natural allies. At this point probably better allies than the Europeans are being. All of us have a common enemy.
Whatever you want to call them... progressives, liberals, national socialists. They are building a base of power distributed all over the world. Cells of ‘activists’ and ‘community organizers’ using ‘antifa’ violent cells and ‘islamic jihadists’ as their disassociated enforcement arms. They have positioned themselves within our bureaucracy and our institutions all over the world. These are our common enemies. We should all be standing up against that threat to our civilization. Their goal is to implement a ‘totalitarian utopia’ and enforce it with brutal dictatorship on a global scale.
Watch the storm coming over the horizon folks...
I took Bannon’s point to mean now is the time when we have a lot more leverage with China due to their huge real estate bubble.....ie we can extract much better terms from them. Not “hey let’s throw them a lifeline because they’re in trouble”.
it’s said that if you owe a man a dollar he owns you.
But if you owe a man a billion dollars... You own him.
Let’s collapse that regime.
If you know anything about Trump’s history in the 90’s—you’ll know that he believes this to be true.
“We should have never gotten into a position where Communist thugs hold not just a billion people, but the whole world hostage.”
Very well said.
They really stepped on the gas pouring money into real estate when the 2008 financial crash in the West hit exports as Westerners tightened their belts.
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The major lender for those project was hong kong.
Hong Kong is currently leveraged more than Ireland before their crash.
A good deal among stable partners is better than economic enslavement of China type deal and a causis belli.
“They really stepped on the gas pouring money into real estate when the 2008 financial crash in the West hit”
It was the biggest economic stimulus in the history of the world. It was also very poorly invested. A lot of it (Ghost Cities) will never pay back their loans, and will have to be written off.
Possibly the biggest write-off in the history of the world, if you add their massive financial fraud to their mountains of debt.
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