“CANTORIAN ECONOMICS”? OR SOMETHING ELSE? MASSIVE BANK ...
"Joseph, Heads up on this one," the email from P.T. began. It quickly went downhill from there:
There is a massive Non-payment of mortgages going on in China right now. The story that is being suppressed is that there were runs on banks in Shanghai China weeks ago. Perhaps the radical ‘Lock Down’ that happened in Shanghai was just a way to suppress the bank runs. If people shouted a bit too loud, pounded their fists a bit too much, they would get classified as Covid Risk Contagious, get thrown into one of the Quarantine Camps and never be hear from again.Well, the Communists can not suppress the sunlight, and now the Chinese People know their system, the economic system, is falling apart.This bears some very serious watching. Alibaba, Evergrand…..tip of a Billion People iceberg.What will the CCP do if, say, 60% of people refuse to pay their mortgages? Throw 700 Million people into labor camps?China has a history of everything collapsing, all at once.
Now I'm sure that if you received an email like that, you'd sit up and take notice, particularly when, shortly after receiving said email, the author backs up the speculative scenario with the following Zero Hedge article:
Now beyond all the normal things to give one pause about those bank runs in China, there was one phrase in particular that caught my eye, and perhaps it did yours too:
The boycotts raise the risk of mortgage defaults, a new set of troubles for banks that are already squeezed by exposure to ailing property developers. Mortgages make up almost 20% of total bank loans outstanding, amounting to about 39 trillion yuan ($5.8 trillion).
In a rather panicked note from Morgan Stanley economist Zhipeng Cai (available to pro subscribers), he addresses the topic of widespread mortgage nonpayment and writes that "we estimate 188mn sqm (1.7mn units) are at risk. We expect local governments will be urged to help completion, but a national bazooka solution remains difficult in near term."
His warning: "Non-linearity is the key to watch." (Italicized emphases added)
Those two phrases, "mortgage defaults" and "non-linearity" grabbed my eyes and wouldn't let go, and for a very simple reason: recall that in 2008, one of the things that drove the collapse of that year were the credit default derivatives crunch. Briefly put: mortgage backed securities were bundled together along with other securities (including mortgages of various degrees or qualities of risk), and these bundles were then sold as securities themselves, and then bundles of bundles. The ratings agencies would often rate these securities very favorably because, according to the formulae they used (about which more in a moment), the factor of risk fell if there were good risks in the securities. Or to put it much more simply: these bundles were given good ratings because it was believed that the presence of good risk raised the quality of the more risky components of the tranches. It is the economic version of a chain being as strong as its strongest link, not its weakest! These bundles of bundles and tranches of tranches were the "derivatives" that were heard about back then, and then, just as quickly, "dropped from the conversation", but the reality is, that those derivatives and bundles of bundles totaled an estimated 17 quadrillion dollars, which is several times more than the gross domestic product of the entire planet. And the mathematical formula for creating these tranches of tranches was in fact the brainchild of a Chinese mathematician and economist, David Li.
In short, the mortgage non-payment or default revolt appears to be connected to the derivatives crisis, for a careful perusal of the article will indicate that both high quality low risk, and high risk low quality types of mortgages are involved. If so, then the financial black hole that constitutes the derivatives may have just begun to suck all the liquidity out of the system in the place where the entire scheme was invented by Li. Time will tell if I am correct in connecting the bank runs and mortgage meltdowns in China now to the derivatives crisis of then, but it is important to remember that all that bad paper is still sloshing around in the system.
This brings me to the "non-linearity" comment. I've been thinking for many years, ever since the bailout crisis of 2008 and its relationship to the derivatives, that we are in such uncharted financial territory - with numbers so outlandishly large (just contemplate the fact that the "value" of all the derivatives in the system exceeds the gross domestic product of the entire planet by several multiples) - that normal financial and economic models might have crossed some sort of unknown threshold or "boundary condition" that normal financial and economic methods of modeling break down completely, and systems no longer behave according to known financial and economic models.
In that respect, it's worth noting what the article goes on to say about this "non-linearity":
What is the worst case scenario? Here we go back to the "non-linearity kicking in" case suggested by Morgan Stanley:
Home-buyer confidence weakens further from a low starting point, leading to further deterioration in property sales. This may force more developers, even relatively strong ones today, to suspend unfinished projects, furthering the downtrend. In the meantime, housing prices may continue to fall, exacerbating the downward spiral. Furthermore, the stress in the housing sector could spread to the broader economy, given the extensive inter-sector linkages, while being magnified by the financial system.
In short: a self-reinforcing downward cascade which ends in either a historical crash of the world's largest asset...
... or a state bailout. Here are the two most likely policy responses according to Morgan Stanley:
- Damage control: Local governments will likely be called upon to mobilize resources on a by-project basis, possibly with the help of SOEs and LGFVs, to kick-start suspended projects, signaling to the public that housing completion is the over-arching priority. SOE developers may be encouraged to conduct M&A activities, taking over stalled projects.
- Reining in systemic risk beyond the near term: Policy makers will likely need to send a clear and strong signal that they stand ready to be the "rescuer of the last resort" to rein in systemic risks. Plausible moves include more meaningful demand stimulus, more explicit guarantees on quality developers, or (less likely) a TARP-like program. Translation: a massive firehose of liquidity and credit is about to be unleashed.
Notice that what is being stated is that housing prices will fall at the same time that a "massive firehouse of liquidity", i.e., of cash is injected into the system. In other words, a simultaneous inflation-deflation cycle. Normally, inflation and deflation are conjugate conditions, where one prevails, the other does not. But in the new "Cantorian" and "non-linear" financial world, conjugate conditionality breaks down and relationships between such things as inflation and deflation become non-linear.
These speculations and observations may, or may not, be borne out by time, but the bottom line is, there is something going on in China, and it's so huge that even the Chinese Communist Party with all the might of the totalitarian system at its disposal cannot cover it up... My bet is that just like the 2008 bailouts, whatever "solution" is tried in China will appear to work for a time, but in reality, it is just a temporary fix while the can is kicked down the road. And let's also remember that the Troubled Asset Relief Program also led, curiously, to the first of those bearer-bond scandals...
See you on the flip side...
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The “non linear” model for economic analysis caught my eye too. Have you ever read “Behold a Pale Horse” by William Cooper(RIP)? It begins with a document that was supposedly found stuck in a second hand copy machine that looks to be some type of military analysis. Cooper himself was Naval Intelligence and he regarded it as very important being too far fetched to be some type of planted misdirection. It is titled “Silent Weapons For Quiet Wars” and uses the analogy of electronics with capacitors, resistors, inductors, etc. for economic models. The idea of a capacitor in this regard could give those with the power to commission such an analysis, an “inside track” in the race for economic world control that others would not have.
If ten percent of that book is true, we’re screwed. Check out the pages outlining school shootings – and note the book was written so long ago (chapter 12, page 225); chilling. “Using drugs and hypnosis on mental patients in a process called Orion, the CIA…”
And now that you made me think of it, consider the unknowable amount of FRNs in the world. You could think of most of them, including derivatives, etcetera, as energy stored in a capacitor. Should we expect a short to ground?
Just to add my two cents. China has what they call a ‘ghost castle’ problem. There are many tower blocks or unoccupied ‘cities’ that ‘developers’ started building and people bought or took out a mortgage on units in these under construction sites. However, many of these units were literally never finished, no water, no electrics, no finishings at all, like even walls or windows, but mortgages still needed to be paid or they would default. Many of the ‘purchasers’ had no where to turn, so some people have started living in these unfinished units or apparently most of them are completely empty.
Cheers
To understand this mess may I recommend you watch the Jim Henson puppet movie The Dark Crystal the situation in that movie would give you a clearer picture of our world crisis. It is ironic that a fantasy movie can be more truthful about the machinations of our so-called ruling class and show them in all their nakedness for the stupid fools they are.
When secular origin of Genesis is realized, then the papal cardhouse collapses, as backward idolatry of graven images.
Both Year and Man are created in the image of an 8-point time-compass, that marks solstices, equinoxes, seasons, and seven seals.
One doesn’t worship a geometrical compass. One uses it as a practical tool, to navigate space and time.
It follows, that the sphere of men – as a morphogenetic field – is the transcendent, mediating and emanating principle in Trinity.
https://dl.dropboxusercontent.com/s/bpwszfz0dg5azr4/venn-diagram.jpg
BTW, here is more frogfest with Jim Henson:
https://dl.dropboxusercontent.com/s/l9ut8bg9jmey3ec/frogfest-01.mp4
Ha! Good point. That is a great movie.
“…17 quadrillion dollars, which is several times more than the gross domestic product of the entire planet.”
“… derivatives in the system exceeds the gross domestic product of the entire planet by several multiples…”
World GDP is on the order of USD 100 trillion. The statements above suggest neither “several times” nor “several multiples” but rather magnitudes.
Latest craziness from “Green” German Foreign Minister Annalena Baerbock: “Without Russian gas we cannot wage war against Russia…”.
Typical feminist lunacy, to claim unable to fight man without man. At that point, the pirate confined the siren, within the boundary of nursery, by prospect of horsewhipping:
https://dl.dropboxusercontent.com/s/uml9vrpilsxw1u2/potty-riot.jpg
Great example of Western leadership’s war footing logic.
Reminds me of Jonathan Swift’s war over the religious question of egg breaking.
You break your eggs at the top.
NO! Break your eggs at the bottom.
The real reason for war is that the Western oligarchy
does not want industrial capitalism[public utilities are free]
Like banking, education, healthcare = a no toll-booth economy.
The West’s oligarchies wants
to hold onto the rentier economy[financial capitalism]
Where you own nothing[the 1% own it]
And you rent everything[the 99%]
Unfortunately, I think you’re right. With everything going down, I haven’t even been watching China. We know how much destruction a mortgage crisis can cause from the 2008 fiasco. This time with greater worldwide contagion. The dollar destruction this is leading to is not only larger than the Great Depression, it’s a different situation. The conditions are more similar to the John Law’s Mississippi bubble inflation of the 1700s. The asset bubble collapsed, then the fiat livers collapsed. Even then, this time it’s worldwide with the reserve currency. I agree this is bigger than anything in history. And it looks like this is already in motion.
Aside from mortgages, bank credit in general has already turned down. It will feed on itself as the prior expansion was all credit. I would suggest that the system threatened contraction in 2019 when the REPO market blew up. It’s unbelievable now. The nascent contraction is not exactly visible because economies are deceptively, incorrectly measured by GDP expressed in rapidly devaluing fiat currencies. [https://www.goldmoney.com/research/gold-and-the-upcoming-recession]
A couple interesting China mortgage details from a Doug Noland.
Excerpt –
I can see a scenario where Crisis Dynamics gain further momentum in China, Europe and EM. U.S. stocks, taking out recent lows, commence another tumultuous leg lower, with some panic sparking dislocations in equities and already liquidity-challenged corporate debt markets. And if this scenario is delayed, the Fed hammers global markets on the 27th with another 75 bps hike.
Some final China thoughts. The renminbi was down almost 1% this week. Accelerating Chinese currency weakness would not be surprising. Renminbi selling turning disorderly would likely spur heightened contagion and global market instability. [https://creditbubblebulletin.blogspot.com/2022/07/weekly-commentary-global-crisis.html]
End Excerpt –
“…panic sparking dislocations in equities and already liquidity-challenged corporate debt markets. And if this scenario is delayed, the Fed hammers global markets on the 27th with another 75 bps hike.” This could be the timing setup that initiates the fire-hose of liquidity.
I agree with the thrust of this post. Mortgage repudiation of this size could be the neutron trigger. By the way, that’s one concise analogy for MBS bundles – “the economic version of a chain being as strong as its strongest link.” As a side note: everybody hates California governor Newsome. But all three governors (CA-OR-WA) are criminally aligned and protected. Who the hell owns all the west coast MBS paper? Colonization?
Aside from war-covid-boarders-disorder-etcetera, everything piggybacks the two intractable fundamentals; energy and money. Silver is in deep backwardation. And gold appears to be confirming this approaching acceleration. Charted by momentum instead of price, it appears ready to move.
I’ve been trying to figure out are the reclassifications and the potential oil-gold arbitrage issue. Andrew Maguire had a fascinating take on the BASAL III compliance (which started kicking in at the beginning of the year with a final date end-of-month June) and gold for oil arbitrage. The hundreds of tons of paper shorts are now, apparently, due to BASAL III, on the books as liabilities. This is in the process of unwinding – and some of that is in GLD and SLV because they are not BASAL III compliant. As I understood it, physical gold and silver can be off-taken from GLD by the large players. Whether the liquidation is gold or fiat, which has driven prices down, McGuire contends the funds are buying discounted Russian oil. The purchases either with physical gold, or through COMEX (using exchange of futures for physicals, EFP, which I thought was blocked).
The point here is that the tight metals markets will get tighter at the same time the GLD/SLV control mechanisms are disabled by BASAL III regulations. [https://www.zerohedge.com/news/2022-07-15/day-silver-market-broke]
“There is no international monetary system; there is an international monetary process and that process has the characteristics of an explosion. All processes have a beginning, a middle and an end. Will the explosive process continue for five more years? We know that the moment that the explosive expansion ends, the contraction of credit will be immediate and violent: after the explosion comes the implosion of credit.” Hugo Salinas Price
“Just like the formation of galaxies and hurricanes and nautilus shells, the universe of the macro-economy operates through non stochastic fractal growth progression and nonlinear decay. Expect the unexpected.” Gary Lammert
One should stop sending weapons, and help Putin, so he can help you out!
One seeps a global bubble before it bursts. Russia has a great capacity of doing that. But it is a matter of resources.
The immune system has two functions, to fight virus, and to get rid of poison. Latter function seeps the bubble.
The U.S.A. are feeding Nazi-virus in the Ukraine, by sending weapons, to appease the globalist crisis-riders with gambling addiction.
Any swirl has a center of gravitas – outside the box – and any position in the swirl has a diametrical opposition:
https://dl.dropboxusercontent.com/s/j0u5cwunomvj8tq/out-of-the-box.mp4
It just occurred to me that American soldiers, politicians, and military might can only take them so far towards their dream of global enslavement because of western culture and values. In the first stages they needed the cover of the good cop to minimize resistance to their taking over. The latter stages demand a larger than ever, cold blooded and ruthless armed forces with an authoritarian mindset which western culture currently lacks. So China was set up to play this role once the US gets taken down. Now how the US gets taken down and what shape it will be left in is still up to debate and dependent upon how and how much we resist their plans. Thus western leaders are desperate to get us to go along with their corrupt insanity by what ever means necessary. Naturally as this gets more exposed, resistance among those with power that were kept out of the loop of what was really going on and lied to are now rallying in resistance. Anyways they are all doomed to extinction because they have failed to evolve spiritually before acquiring the tree of knowledge of life extension and extinction causing technology. We lost the Garden of Eden when we ate from the Tree of Knowledge of Good and Evil. Now we are in end days because are not spiritually advanced enough to wisely handle the ultimate fruit of Life and Death.
There is a way to return to grace however. A total rejection of Beast like systems of governance must begin. Instead of copying the animal kingdom and following or electing the most brutal, strongest, or sly to lead us; we need to turn back to recognizing only God as being worthy to follow. A Constitutional Republic chosen by the people was a step in the right direction but was not enough to save us. Look at all the good that became possible by taking that step! The reason the bad is still dominating and leading to an even greater ruin is because we failed to take the next step! The next step is transitioning into a 9 out 10 consenting, direct Democracy by all the people on all things big and small. Don’t ever trust anyone to look out for your best interests ever except God! Electing politicians to make laws in your best interests or trusting in Kings or Dictators will lead to extinction with our current level of technology. Even a 9 out of 10 real democracy can lead to ruin if less than 10 percent of the population at least isn’t intelligent or moral enough to stop it. This will grow us Spiritually to the next level. failing this transition at this time means extinction eventually. Our choice but looks like extinction is winning out to me so far.
Knowledge of good and bad is jealousy. It is a binary tree, that replicates. It is the principle behind predator capitalism of empires. Evolution and revolution are a binary tree.
In discontent desire, a thief continuously replicates his initial condition, and attempts to drink water, that never quells thirst. Hell sphere is thus described.
Constitution and democracy are likewise unobtainable, whereas power is balanced, by rule of law, a permanent ongoing truce negotiation between clans.
Genesis is cyclical time-compass, not binary tree. Elohim-Yahweh is astrological and agricultural year, the eternal return.
Runic cyclical psychology:
https://dl.dropboxusercontent.com/s/pnz9jpb73u1gfla/druidry-for-dummies.pdf
Joseph, your analysis misses on key fact. China owns massive amounts of land and infrastrucutre in the West. For example, in London, China owns many of the sky scrapers and tower blocks along the River Thames. China owns the design of the new fact breed nuclear reactor power stations being built in counties of Somerset and Suffolk
In Africa and Asia, China owns the new high speed railwaylines and sea ports.
Make no mistake, the West is superglued and padlocked to China’s benevolent hand!
The Party of the east by going west has been working on strategic arable lands first and left overs from ranches and farms gone bust due to a number of obstacles like drought, diseases, and financial shifts in commodities. There seems a race amongst the billionaire class who dominates first. They’re no longer interested in that bridge in Brooklyn. Probably, already own it.
Depends on what you mean by “China.” China is showing itself to be somewhat antagonistic towards its billionaires (justifiably so, look how they subvert the West), so those billionaires try to get as much of their yen invested into the US that they can. Because the Chinese gov doesn’t like them, and some think the gov might not last long.
Your points are valid. it is likely that when this whole thing crashes, China will still have industry and infrastructure. Yet China’s banking system is labyrinthine mess. This mortgage situation is a separate issue.
I don’t think it is separate, I think it is part of the billionaire class trying to squeeze wealth from the system through shenanigans like in the West. And the chinee government trying to figure out how to put a stop to it without putting a stop to other parts of the economic system that aren’t parasitic.
I think you are right about china maintaining industry and infra if it crashes, which would indicate that the government might not see that as a bad thing. Lots of stuff can get done in such situations that might not otherwise be palatable. As we in the West should know from personal experience, and will likely continue to experience.
Yeah, tend to agree with your entire comment. I think the word (or concept) I was looking for was that a mortgage/banking debacle and simultaneously owning infrastructure/industry/resources is not mutually exclusive. Was trying to figure out how to express that even as I was writing. Come to think of it, I wish I’d taken more time to organize the ridiculously long comment above. Point being, China’s strength notwithstanding, I consider the mortgage repudiation event real, massive, and systemic. For a dark parallel, as if it were needed, the US appears to be developing a similar situation.
eddyminimum you and many others are mostly correct in our intuition of what is likely to happen in the future. As a certified real estate appraiser with more than 35 years of experience I have seen some astounding upturns followed by vicious downturns in the American housing industry. But the astounding upturn that is nearly over will lead us into a downturn that will be ginormous compared to the last 2.
I recently retired a little early because I understood what is coming for anyone in debt. The key thing to be aware of is that for there to be any hope going forward a person must get out of Debt. That is what our family did. We have zero debt. That is an impossibility for most folks, sadly, and I know it is going to be a real problem for so many folks. Still, just being out of debt is only part of the answer. So, what do you think we could do?
Global economic warfare explained in 89 minute video.
https://michael-hudson.com/2022/07/finance-capitalisms-self-destructive-nature/
The USSA and UK enemies are offering
free education, free healthcare, etc., etc.
Industrial capitalism[China, Russia, etc.]
vs
Financial Capitalism[USSA, UK]
privatized education, healthcare[insurance]
or simply put: Public vs Private vs public/private[mix]
Now, this has boiled down to narrative warfare.
How much of the China Bank Run story is true?
How much of the Tiananmen Square story was true?
About 27% of global nonfinancial corporate debt is held by Chinese companies, estimated at 23 trillion. Another 32 trillion corporate debt is held by USSA and EU companies.
Now China is in the midst of its worst economic crisis in 30 years and little sign of recovery[planned w/WEF?] With the USSA, China’s largest customer, going into an economic depression[due to the WEF green energy suicide pact?]. China’s crisis can only worsen.
Not good for the world economy.
But, outstanding for the WEF?
The heart of the world financial system, contrary to popular belief, is not the stock markets. It is bond markets–government, corporate, and agency bonds. This bond market as been losing value as inflation has soared[by WEF design?] and interest rates have risen.
As bond prices fall, the value of bank capital falls.
Solution? Digital currency.
Will color me Casablanca Shocked[you mean there’s gambling here?(casino)]
http://www.williamengdahl.com/englishNEO21June2022.php
We might not need to go as far as Cantor to see the basic outlines of this scenario, although that is a fascinating hypothesis. What I mean is, if we look at these economic systems from the perspective of quantum theory and the power of consciousness, and factor in RISK and RISK PERCEPTION, it might be that people’s PERCEPTIONS of risk are causing a reordering of system behavior.
If you want to go a little further off the twig of speculation, it might also be true that, due to an experiment designed by Wheeler, which proved that a quantum system can reorder the past, based on the consciousness of the witnesses to it, we might also be seeing downside risk perception reorder the reality itself (past and present) to some extent, which might lead to amplification of action due to the coherent decisions and perceptions of masses of people. The boundary condition you describe might be the result of the mechanism which defends temporal cohesion (the alignment of past and present).
It could be that the past becomes somewhat worse which only drives the downward trend harder, since temporal cohesion is a core mechanism of this universe (conservation of temporal consistency). The cool thing here might be that Cantorian transfinity and quantum conscious temporal reordering, are *analogous* to one another.
Hi Mr. Jinks… could you please email me a link to that experiment of Wheeler? I had NO idea he had done such an experiment, and I’m quite interested in such things.
I read about some research recently, where this was demonstrated via a version of the double split experiment on a grand scale.
The researcher (name etc completely escapes me) used a very distant star as a photon source, and the mass of a planet at a midway point ( and the subsequent curvature of the photon path, which was somehow designed so a single photon could curve above or below the planet ), and a detector here back on Earth.
Apparently the photons behaved exactly as the classical experiment, with wave/particle duality depending on the presence of an observer, the issue being the photon’s change/s in path that the observer is effecting, is occurring many millions (or billions, can’t recall) years in the past.
Maybe the same research?
This is all extremely interesting.
It would make for a great vid-chat question; in any form and/or from any angle.
John Wheeler – The Delayed Choice experiment (105/130)
24,369 views
Oct 6, 2017
The quantum eraser experiment: what happens in the present can change the past
In Brief
The Facts:
At the quantum scale, what we do in the present can impact what happens in the past. This is shown through what’s known as the quantum delayed choice choice, or quantum eraser experiment.
Reflect On:
Why are factors associated with consciousness directly intertwined with physical material matter at the quantum scale? What does this mean when it comes to our physical material world in relation to our thoughts, perceptions, feelings and emotions?
In his own words.
https://www.youtube.com/watch?v=u54IPWqF6no
https://nexusnewsfeed.com/article/science-futures/the-quantum-eraser-experiment-what-happens-in-the-present-can-change-the-past/
Also explains why anyone experienced in consciousness work can receive information instantaneously.
The world already had internet, it was in our brains the whole time. And yes, it’s faster than the speed of light by many factors I would assume at this point. When you’re the sender and the receiver, the ouroboros explains itself.
Hey guys, show’s about to start soon 🍿
In one’s view, The Party of the east by going west seems to be resetting its own system of commerce and finance without the fallout that occurred a couple of centuries ago that began with the merchants of Guangzhou and the Opium Wars. It’s fentanyl now and in reverse.
The Party Chairman and those proven loyal to him and The Party seem to be bringing back the ancient ways but with modern Chinese characteristics. Hong Kong is back under Party control, Guangzhou (Canton) is back under Party control, and any complaints from British, American (essentially, western folk) will be dealt with from the inside out.
Recall that His Excellency, Xi Jinping stated
. . . “China does NOT walk the western road of constitutionalism, separation of powers, or judicial independence. . .”
There’s no reason to suggest that His Excellency has retracted his and their (The Party) goals of hegemony and are actively (and recklessly) well along that path.
The Party already owns the land that is purported to be under this mortgage issue (ridiculous as it may seem) and the mainland people continue to have much to say upon deaf ears. Insanity does, indeed, have an advantage there in all its ruthless barbarism. One question goes begging, “Who from the west is foolishly tethered (compromised) to that loss?”
“Will Speaker Pelosi get her way to travel east by going west?
The CCP’s priority is the survival of the CCP. They’ll paper over this with an increase in M.
If derivatives are somehow heavily tied in, with people betting on Chinese real estate and economy with leverage, there might be some failures outside China -that could be fun to watch.
Well said, the CCP does not care at all for it’s own people. This entire situation is an excellent opportunity to clean house, redistribute power and wealth per CCP party lines, and disappear all who resist the party line. My guess is a Taiwan reunification war would be perfect distraction and excuse for all the new dead and missing…not to mention the opprotunity for the CCP to point the finger at the USA for all the banking losses and wealth destruction / theft of the Chinese people.
I think so too, they have the example of “Western” finance kicking the can down the road since at least 1971, not to go back farther.
China might just take ownership of all the properties and there by bail out their banks. Then charge rent to the occupiers a little higher than their mortgage. If they don’t pay evict them and resell it to someone else. Does anything in China really belong to the banks or people? Ownership is a delusion. None of us really own anything in modern times but our delusion that we do makes us happy slaves. We’re already in a Great reset that is merely just about ready to get re-booted with a new operating system.
I wouldn’t bet against China. They are generally pretty rational in their approach to things, such as their economic system being far less communist and more like the American system of the 19th century. They are sticking with what works, and trying to keep out all the financial gimmickry of the West. Of course they are doing it the Asian rather than European way, which includes a more totalitarian approach.
So when you say totalitarian approach, I read murderous approach…easy peasy, right?
I’ve been counting the CCP out for at least 10 years now. They are a one trick pony that are nothing, but a huge KM (jewish) created golem, that was built up to be destroyed when the time arises. They are a freemason wet dream of slavery, decadence, and debauchery wrapped in absolute power, and corruption. It is the KM (Jew) royal bloodline of the Li family, that owns and runs the house of horrors of China and the Chinese Communist Party. These sick phycophants, murder people like taking a drink of water. How does anything built on such evil stand a chance of survival in the truth and light of day? But hey, they have a more Asian way of doing things with banking and that means a MORE TOTALITARIAN approach.
The entire world is going through a great awakening. Communism does not figure into that equation at all. The CCP will fall and fall extremely hard. Unfortunately, it will probably take the loss of half (1/2) the population of China before it’s all over.
Assyro-Babylonian and Greco-Roman empire succession is the Moloch golem, and what today is called freemasonic communism of the Jesuit papal spider.
2nd Troy is the key, as a secondary seaport to Jerusalem, outside the reach of the Assyrian ambition, whose incentive was to gain control of the tin trade.
Saka-Scythian resistance was financed by British tin. Assyria paid Greek mercenaries, via occupied Egypt, to sack the 2nd Troy, because it was the center of resistance against Assyria.
1st Troy was destroyed, at the end of the Bronze Age, by Greek pirates with early access to iron weapons. 1st and 2nd Troy were deliberately mixed together, to cover up the mercenary attack on the 2nd Troy.
The Greek oligarchy feared retaliation, and the propaganda poet Homer, blind to the fact, was hired to obscure the sting operation. The long journey of Odysseus was a moral hangover.
Under the threat of being forced to drink hemlock, Herodotus tells the truth between the lines, and Euripides exposes the injustice done to the enslaved Trojan women.
Fall of 2nd Troy must necessarily have occurred in 7th century BC, after the Assyrian deportation of Israel, and before the fall of Nineveh, when Saka-Scythians took revenge, as unbound Isaacs.
After the fall of Nineveh, the tin trade returned to is former seaport, until Jerusalem was destroyed by Babylon oligarchy, and then the tin trade was resumed, after the Saka-Scythian intervention.
The tin trade represents a constant cultural lifeline, during at least a millennium, and therefore the ideology of the Runes are necessarily a joint operation, providing backdrop to later Christianity.
According to Snorri Sturluson, Scandinavians trace their ancestry back to Troy, as well as Scythia, and therefore Brute and Hengist are of the same stock, a millennium apart.
Royalty is Cyning-Cynn. It mean bloodline of those, who are kin to clans, chosen to be caretakers of gathering of clans, attested rightful by the Runes, a psychological IQ-test, that still is VALID.
https://dl.dropboxusercontent.com/s/qmp6qxil1ewow10/iq-test.jpg
Another words DS minions think that they did break away and laws of economy or physics don’t apply to them I guess they don’t believe in connected vessels experiment of third grade science. Looks like if overt economy explodes so is covert one. More bearer bond fakes coming to your Neiborhood.
The black swans are out.
The WEF must be trembling in anticipated joy. The private banking system dug their way into this now let them dig their way out. Might be impossible since the hole they dug was too deep with no exit stategy. One might think this was the intention cough, cough.
China is a very large domino.
is it in many other dominoes interests, to stand tall against the coming…?
[at least, in a narrative perspective? Control the narrative; control the falling dominoes?]
Or, would a worldwide crash be a WEF wet dream?
Be careful what you wish for?
Again, w/leadership like this; who needs enemies?
Oops!!! WHO says it can’t get any worse?
WHO does, that’s who.
Constructive fraud frogfest:
https://dl.dropboxusercontent.com/s/8gqu9vkcbiz0684/frogfest-15.mp4
BTW, communism never works, because it is the ultimate derivative fraud, slouching around in any system, as a black hole.
On the other hand, creation is ingrained in the founding myth of the West, as spatiotemporal navigation by compass and workweek, in Genesis.
DO-IT-YOURSELF GENESIS
Broken free, I rose into highlight of day,
and, as I went singing on my way,
my breath of inspiration
was my creation,
when I molded you out of clay.
I agree completely.
Communism is only about theft, murder and sexual depravity, wrapped in a jewish ideology of the royals / elite. Communism only exploits, destroys and subjugates it’s host countries and people. The CCP has very little creative will to power, only what’s been given to them by others. Just like Antifa, BLM, and so on. However, this is what happens when you sever all connection to One in Heaven and worship only the lowest level of consciousness. Funny how that works.