China
POSTED BY: THG
UPDATED: Friday, September 4, 2026 03:35
VIEWED: 34683
PAGE 53 of 53
What a whining, crybaby faggot loser you are, Theodore.
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Be Nice. Don't be a dick. 
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Looks like Peter Zeihan is correct.
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CHINA Growth Crisis
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Yup...
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CHINA Fading Fast
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Quote:
Originally posted by SIGNYM:Quote:Those YT videos took so long to load I gave up on them. I hope to get back to them later, when they load faster.
Originally posted by 6IXSTRINGJACK:
Yeah, but from what I gather he's not wrong about China's economy doing a nose dive.
If anything here and in Europe were stable I wouldn't be as concerned about that as I am right now.
It might be a long winter... or years.
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Falsus in unum, falsus in omnibus
But FWiW ... who cares about the Chinese economy, or their population bust?
The Chinese did a number of stupid things with their economy that won't affect us negatively when it bites them in the ass. I have no respect for their "socialism with Chinese characteristics" or whatever the fuck they call it.
They made a deal with the devil. Two devils, in fact. Three, if I think about it.
Their firsr devil was creating prosperity in return for authoritarianism. "The clever leader fills the people's bellies while emptying their minds" according to an old Chinese proverb. I think this goes back to Tienanmen, when the leadership realized that they needed to create jobs and boost living standards in order to subvert revolt. Also, they needed to redirect people's minds towards getting rich, undermining the social order.
The second devil was deciding on the easy way out (something the Chinese have done for 30 years): They thought they could develop the Japanese/ South Korean way: Start by selling cheap plastic junk to western markets and climb up the value ladder, encourge western investments. The problems with that is that it warps their economy around exporting to western markets, and doesn't develop internal markets. When the American market went bust in 2008 they realized the error of their ways and tried to integrate into the EU market instead. Also, they're trying to utilize their productive capacity in their make-work project called the Belt and Road. So now they have a boatload of depreciating foreign reserves, and production geared towards markets that don't exist.
I guess their third devil is financialism. They tried to stimulate their internal market by loosening money supply. but all that did was create a class of ultra-wealthy speculators.
How does that affecr us? We depend on them for basics like raw industrial chemicals and pharma and steel. The rest of the crap we could do without for a while. But if they're desperate for a market they might drop their prices. The only thing we have to worry about is whether they will continue to accept the dollar.
For theur sake, I hope the Chinese eventually sort out their economy.
For our sake I hope we sort out ours.
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Pity would be no more,
If we did not MAKE someone poor - William Blake
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China’s Real Estate System Is Failing
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