The Chinese economy is experiencing a near-complete collapse.
Nearly half a million customers have lost their deposits as the banks lent indiscriminately to housing developers who are now facing cascading defaults.
Here’s the story the Chinese Govt. doesn't want you to know 👇
— Graham Stephan (@GrahamStephan) August 17, 2022
The Chinese communists badly need a distraction, and something tells me we’re not going to like it.
Quoth Winnie the Pooh, “Time for a short victorious war!”
Get all that you can out of the bank (no larger than 20 $’s) before the cascade reaches us and our own banks run out of cash.
In a collapse situation, there is no guarantee that your bits of paper will still be useful, as those bills are only valuable as long as everyone agrees that they are.
Useful for wiping your hind-end. Actual toilet paper will be traded as currency.
The Mandate of Heaven is slipping away beyond the collapse in China’s real estate and banking sectors. Zerohedge articles yesterday and today report that Sichuan Province and now Chongqing Province are experiencing drastic reductions in available hydroelectric power due to ongoing drought. Factory closings are increasing including automobile mfrs and the world’s largest manufacturer of batteries.
Seems like every other week the ‘Chrysler plant’ in Windsor is shut down unexpectidly.
It’s popping off globally. Once the pandemic of the vaxxed hits, and supply chains collapse, we unvaxxed will go down too, as they at first blame us for the failure of their vaccines, and then after they lose that argument, they spon around and beg us to work overtime for next to nothing, to stop mass starvation.
Hope you are in a good church already.
China will get volatile a little sooner than expected.
The CCP was, at worst, tolerated by the Chinese as long as wealth was broadly increasing.
Now, the CCP is losing popularity by the minute as gross mismanagement and corruption is revealed.
In desperation they need, more than anything, an enemy that can unify the citizenry against anyone but themselves. Looks like Taiwan is it, but should be interesting if the Chinese themselves believe it.
20% youth unemployment, with millions of young men, 18-25, with no job or marriage prospects. If only there was some way to find something constructive for them all to do, I dunno, something like compulsory military conscription. Then send them off to invade Taiwan or something to keep them from fomenting domestic unrest. Yeah, that’s the ticket.
200 million go west to invade Israel according to the Bible. In other news, India, China, Russia, Belarus and others have joint war games exercises going on. Hmmm.
500,000 divided by 1,447,569,421 people is like 0.034% of the population in China. Complete non issue, like most statistics and number games in the media today.
People are stupid because maff is hard.
500,000 is still a lot.
500,000 is just some Chinese people
500,000 is just the start
500,000 is just the top of the iceberg.
It absolutely without a doubt stops at 500,000.
500,000 is a nothing sandwich.
Nonsense.
China is Wonderful!
China is Great!
China is Evergrande, err, um… Ever Grand!
https://www.forbes.com/sites/earlcarr/2022/05/27/is-evergrande-actually-chinas-lehman-brothers-moment/