Posted on 09/08/2022 5:46:38 PM PDT by nickcarraway
Disease, drought and debt will have worldwide consequences, says the Financial Times' Megan Greene.
In a world beset by multiple crises, officials may be looking past the biggest threat of all: China.
The talk among central bankers at the Jackson Hole Federal Reserve Conference focused on inflation and rising interest rates. Absent was any mention that just 10 days beforehand, the People’s Bank of China did exactly the opposite, unexpectedly cutting its key interest rate.
China is beset by three distressing Ds: Debt, disease and drought. They belie a slowdown that is not raising sufficient alarm bells among investors and policymakers. China remains heavily integrated into the global supply chain and is a potential driver of global demand as one of the biggest markets for foreign goods and services.
But economic news from China has gone from bad to worse. Manufacturing contracted in July, retail sales, industrial output and investment all slowed and youth unemployment reached nearly 20 per cent.
(Excerpt) Read more at channelnewsasia.com ...
There’s been an enormous drought in China this year. And in Europe. And in Africa. And in the Western United States. This is not good.
And, for useless eaters, death.
The four D’s of China.
Bill Gates is now breeding 30 million mosquitos per week in a factory in Colombia and he is threatening to deliver the mosquitos, which are infected with an infertility bacteria, to communities around the world.
Just read a new Victor Davis Hanson piece and in it he mentions China produces 90% of America’s antibiotics and close to that figure in vitamins and painkillers.
That is truly frightening. American leaders better wake up and fast. Bring back the manufacture of these critical meds to the American mainland.
If there were another major global war, we will be up a creek without a paddle in regard to these medications. Good grief!
Open up your wallet American taxpayer, China is too big to fail.
The 3 D’s; two of which are caused by 3 letters. CCP.
And during a war we would need antibiotics for the troops.
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