Please check out the link attached below. On top of being just generally informative and interesting on its own, I believe it is the tipping point of what I have seen coming for a very long time.
Corruption in China is in many Ways what Corruption in the United States would look like on every level if taken to its extreme. It is a combination of Authoritarianism and Cronie capitalism that you can imagine happening had the Trump coupe have become real.
While far too complicated to get into here, lets just say much of the âgrowthâ and amazing development you have heard about in China over the past 20 years is a house of cards that includes things like Sky scrapers and cites that were built at record pace (and at the time we were told America is falling behind because we canât build as fast as the Chinese!) that now sit empty and are falling apart already due to poor construction.
This is due to massive over dependence in real estate for wealth growth caused by regulations forcing investment there for a variety of corrupt reasons (#1 being its the easiest business to skim money from). After 20 years of this the Bubble has been contained with debt and the Chinese Government containing it in non-free market waysâŚuntil now.
Watch: [Canât include links Search " Protests Erupt! Could Chinaâs Economy Tank Over Evergrande Collapse?" on Youtube]
This is the kind of financial collapse that would make 2008 look ike a minor dip in the economy. This ONE company holds the vast majority of ALL Chinese citizen Wealth and if they are as corrupt as I suspect (With historic reason to suspect) it is ALL GONE.
If the past is a guideâŚbuckle your seat beltsâŚmy warnings for 25 years are predicated on things like this moment and what happens. The thing is, its not gonna be up to America how this goes. Its gonna be ALL UP to the Chinese and how desperate and determined they are to stay in power. They are not going to give us a choice to avoid war at a cost we are going to be able to accept if they decide international conflict is the only way to keep unity at home.
Most worrying is this collapse is NOT a surprise to most people in the Chinese Government like it would be here in the U.S. as they would be heavily intertwined with this companyâŚmeaning much of their aggression the past couple years could all be leading up TO THIS. Highly concerning. Keep eyes open and hears listening.