Hello,
Everyone is wondering what is going on in China. We are hearing about a major real estate developer that is going bankrupt. It is not just one, but several that will fail when the real-estate bubble pops. Millions of people will be, suddenly, unemployed. Companies by the 100s of thousands will go bankrupt. There will be great unrest, but the CCP has timed it with the coming cold.
Background: The Dictator of China’s Communist Party hates the west and what it did to China in the 1800s and 1900s. Many Chinese feel the same way.
So, China had a way of attacking the west. We call it the Pandemic or Covid-19. This was a pre-planned, military attack on the western world. Trouble is, it rapidly spread to the entire world and came back at China. But, it has done great or, even, very great damage to the western world.
While we are recovering from Covid, what did China have planned for it’s next attack? Think of the $Billions of dollars, euros and pounds invested in China. After all, China has been a miracle for investors over the past 30-40 years. Stop and think. Over the past decade, since 2008, Chinese companies have gone on a huge debt-driven expansion. This applies to the numerous state-owned companies, their banking (and shadow banking) system and, their giant real-estate bubble.
Everyone is in a state of shock. It seems that the CCP is not going to bail-out Evergrand. Why not? Simple, Xi Jinping wants to be the next Mao or the next Emperor. He will not bail-out any of the real-estate developers as they go under in the coming days. That will collapse the Chinese economy. The State owned companies all have too much debt; they too will be allowed to fail.
What about the millions of Chinese people? The entire Chinese middle- and upper middle-class will be wiped out with the collapse of these companies. They will not be able to oppose Xi.
What about the west? When the Chinese economy collapses, it will impact the rest of the planet. The Multi National Corporations are all heavily exposed in China; many of them will go belly-up. Many of the $Billionaires will become bankrupt. The European Union and the European Central Bank are also heavily exposed; they may not survive. Same for the German banks and the Vatican banks.
In the United States, Wells Fargo and Bank of America are heavily exposed and may not survive. Chase will be hit hard, but will be bailed out, if necessary. Morgan Stanley will fail as well.
Xi will hammer the west one more time before closing China off from the world. This will be pretty much like it was when it was opened 40 years ago.
Meanwhile, Xi has built up a huge military to include a semi-effective Navy. He needs this to seize the fishing and oil/natural gas resources of the South China Sea. That is not going well for him; he pushed too hard and too soon. Most of the warships have been built with sub-standard steel that is not thick enough. Corruption has always been the Chinese way. We are seeing bridges and roads collapse, dams collapse, ships breaking in half or rolling over.
China has massive flooding for the second year in a row; not enough food is being grown. The CCP has lost the mandate from heaven. China will have mass starvation this winter. It’s gold reserves are phony or counterfeit (tungsten dipped in gold). It cannot buy enough food to feed its people. It is, even now, selling off its oil reserves. Why? It is totally dependent on imported oil.
To the Chinese Communist Party, China has far too many old people. What the floods do not take care of, the famine will. The CCP is very evil.
This is the last hurrah for Darkness as it fades into the night.
Yes, the 3Gorges Dam will be breaking sometime soon. That will be the end for China.
Love, Light and Laughter,
