So I hear a lot of chatter that the Han's economy is toast
- Thread starter Hawkeye10
- Start date
anonymoose
Classical Liberal
I don’t care. The Han won’t take my golf away. In fact they’re more and more into golf. Hopefully I can play a round with him.
So then there is no reason for you to be here, kindly move along.
anonymoose
Classical Liberal
PostmodernProphet
fully immersed in faith..
apperently you think the Han economy needs bolstering......are you heavily vested in its success?......
Tinkerpeach
New member
They had a slight downturn, it happens in all major economies.
It happens to us also.
It will correct itself.
China, although professing communism, is actually fairly capitalistic, in economies like that there will always be ups and downs.
It happens to us also.
It will correct itself.
China, although professing communism, is actually fairly capitalistic, in economies like that there will always be ups and downs.
IBDaMann
Well-known member
There are two possibilities for this:
1. You are turning a blind eye to the evidence
2. You aren't smart enough to recognize evidence that might be right in front of you
I'll let you determine which one is the culprit.
Whenever a particular economy threatens to collapse or is actually on the verge of collapse, those most vested in that economy engage in rampant selling of their interests in that economy and begin purchasing anything and everything wherever they believe the economy is very strong. China is snapping up real estate, debt (bonds), precious gems and metals and other assets in other countries, especially in the US, with reckless abandon of their own currency, with the intention of artificially pegging their own currency to the dollar.
Also, China has become unable to effectively feed its burgeoning overpopulation. This is why everything is eaten in China, to include rats, insects, dogs, donkeys, anything pulled from the sea, ... if it can be eaten, it will be eaten. As a result, China is buying farmland all over the world, to include within the US, ... not to run as farming businesses within those countries, but to grow food to ship directly back to China.
Don't listen to any "experts." Make your own observations and then draw you own conclusions from those observations.
Lightbringer
Loves Me Some Souls
They have two generations of people who have sunk money into housing that doesn't exist...and you don't see a problem.
I've said before and I'll say again...the CCP has 3 years at most. They are done.
Lightbringer
Loves Me Some Souls
Sez the chinese agent.
I see the evidence. Economists see evidence. https://www.scmp.com/business/china...n-empty-flats-threaten-plunge-chinas-troubled
Lightbringer
Loves Me Some Souls
That is an excellent article you linked to but their problems go even deeper. The main problem China has is a lack of resources.
anonymoose
Classical Liberal
I never heard that. Does that make me an idiot?
Obviously.
IBDaMann
Well-known member
China does not profess communism. China's constitution mandates socialism under the leadership of the Communist Party. China is not capitalistic, but is rather fascist, like Nazi Germany and Mussolini's Italy.
In countries like that, collapse is inevitable. Can you imagine a "civil war" amongst 1.7 billion people? That's substantially more people than merely North America, South America and Western Europe combined.
QP!
Verified User
China was caught in a very common debt trap.
Anytime you are experiencing great growth, whether as a person, a Corporation or a Country, you push out dangerously high amounts of debt, and just power through most mistakes including bad debt and fraud, in your loans.
China was riding high, when their GDP was on the huge growth curve, but as soon as it slowed (and eventually they all do), that debt is now stressing them to the max.
Its parallel is how Trump was pushing so much debt onto the US, when he inherited an already economy from OBama when what he was supposed to do, was to look to pay down debt and balance the budget or run a surplus, like Clinton did. But Trump wanted a super heated economy, even if it put us more at risk of the debt trap after. It is why Trump has gone bankrupt so many times personally in his businesses he runs.
It is why the NYS AG has the power to stop the type of fraud Trump was doing, and that crippled the economy in the 2008 Mortgage crisis, as allowing fraudulent bad debt into the systems, such as Trump was pushing to them, weakens the entire systems of banking, across the State.
So China is now learning the same lessons Trump has suffered (but not learned from) many times over the years.
Anytime you are experiencing great growth, whether as a person, a Corporation or a Country, you push out dangerously high amounts of debt, and just power through most mistakes including bad debt and fraud, in your loans.
China was riding high, when their GDP was on the huge growth curve, but as soon as it slowed (and eventually they all do), that debt is now stressing them to the max.
Its parallel is how Trump was pushing so much debt onto the US, when he inherited an already economy from OBama when what he was supposed to do, was to look to pay down debt and balance the budget or run a surplus, like Clinton did. But Trump wanted a super heated economy, even if it put us more at risk of the debt trap after. It is why Trump has gone bankrupt so many times personally in his businesses he runs.
It is why the NYS AG has the power to stop the type of fraud Trump was doing, and that crippled the economy in the 2008 Mortgage crisis, as allowing fraudulent bad debt into the systems, such as Trump was pushing to them, weakens the entire systems of banking, across the State.
So China is now learning the same lessons Trump has suffered (but not learned from) many times over the years.