August 21, 2021
Chinese Economy Loses Half a Trillion
This from Sherrie Mathieson
Half a Trillion Dollars Erased from Chinese Market
Tim adds:
I have always believed China is a paper tiger and that a couple of big pushes could end their seemingly inevitable rise. This may or may not be it, but China is overextended and if their economic growth pauses for even a year or so the resultant unemployment problem will ruin them.
This may or may not be it, but I suspect eventually we will see it come. China is not built on a solid economic foundation. She is rather a house of cards built in a bog. She looks solid and does fine as long as the wind doesn't blow or something doesn't stir the water.
The West has been building her up for 30 years now and China appears mighty and invincible. But that won't last, in my opinion.
Half a Trillion Dollars Erased from Chinese Market
Tim adds:
I have always believed China is a paper tiger and that a couple of big pushes could end their seemingly inevitable rise. This may or may not be it, but China is overextended and if their economic growth pauses for even a year or so the resultant unemployment problem will ruin them.
This may or may not be it, but I suspect eventually we will see it come. China is not built on a solid economic foundation. She is rather a house of cards built in a bog. She looks solid and does fine as long as the wind doesn't blow or something doesn't stir the water.
The West has been building her up for 30 years now and China appears mighty and invincible. But that won't last, in my opinion.
Posted by: Timothy Birdnow at
08:43 AM
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1
Here's hopin'.
Posted by: Dana Mathewson at August 21, 2021 08:49 PM (OEO4Q)
Posted by: Timothy Birdnow at August 22, 2021 06:45 AM (e6VRg)
3
Don't cheer China's downfall, because we will follow. We are dependent on China in too many ways to count, and if their economy is built on fiction ours is even more so. Think "quantatative easing" and the fact that in measuring our economy we ignore the accumulation of new private and public debt. Cut off what we buy from China and down we go.
Posted by: Bill H at August 22, 2021 08:01 AM (/sW5m)
4
You're both right -- unfortunately.
Posted by: Dana Mathewson at August 22, 2021 08:56 AM (djD2v)
5
Absolutely right Bill. We both have Potemkin village economies, and we are tight together like a pair of Siamese Twins, thanks to the efforts of the Democrats and the Neo-Con "free trade" types in the '90's and the oughts. It's exactly how the E.U. was created; Germany and France tied their economies together to the point where they couldn't dare mess with each other. Now they are not really countries at all but puppets of the over-government. That is what the Left wanted to do with the U.S. and China and have largely succeeded.
It is why they were so enraged at Trump; he was screwing up a decades long plan.
I see no way we AREN'T going down. I just want China going down too. Hopefully a better country will rise to world power and the U.S. will at least stop all the insanity, or at least last long enough for me to assume room temperature and not have to live through the horrible thing that is coming.
It is why they were so enraged at Trump; he was screwing up a decades long plan.
I see no way we AREN'T going down. I just want China going down too. Hopefully a better country will rise to world power and the U.S. will at least stop all the insanity, or at least last long enough for me to assume room temperature and not have to live through the horrible thing that is coming.
Posted by: Timothy Birdnow at August 23, 2021 06:20 AM (2GLax)
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