Is it possible that the Chinese bubble is, at long last, about to burst? Disaster has been predicted for years, and yet, the economy somehow manages to plod along ponderously lke an enormous zombie. But with recent ructions in Chinese real estate (essentially a Ponzi scheme), it could well be that China is finally going to teeter and fall over the cliff's edge. Here are three videos that all say much the same thing, i.e., China's problems are so huge that they can no longer be swept under the rug. I'm morbidly curious as to what going to happen next.
Friday, August 19, 2022
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Let's hope that China chooses to go down without a fight. By fight, I mean starting a war. When you got nothin' to lose and need a distraction, is there any better way to go? I'm reminded of Japan in the 1930s. Sanctions took away their access to oil and other raw materials, so they started a war to get them.
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