China coming apart

[Into the Night]

This tells me that you dont understand China.

No, you just don't understand people.

[Hawkeye10]

No, you just don't understand people.

Bullshit.

[NiftyNiblick]

People are not a monolith.
There is no understanding all of them, and there doesn't need to be.

[Hawkeye10]

People are not a monolith.
There is no understanding all of them, and there doesn't need to be.

The Han are extraordinarily monolith....this is what makes them so scary to face.

[Hawkeye10]

1) The Party allows the people a great deal of freedom in certain things

2) The Han look at the West and see crumbling societies and blame to a large degree personal freedom, so they are not all hot to trot to have a lot of it for themselves.

3) The people are willing to suck it up for a good deal of time if their sacrifice leads to the glory of the Empire....so long as leadership is getting the Chinese to a new round of glory any dreams of personal freedom they still have after watching the collapse of the West will wait.

[Into the Night]

Bullshit.

No. Demonstrated...by you.

You apparently think that people are going to fight for a government they hate.

[Into the Night]

People are not a monolith.
There is no understanding all of them, and there doesn't need to be.

Try to follow the conversation. Random posting is just a waste of time.

[Into the Night]

The Han are extraordinarily monolith....this is what makes them so scary to face.

Racism.

[Into the Night]

1) The Party allows the people a great deal of freedom in certain things

2) The Han look at the West and see crumbling societies and blame to a large degree personal freedom, so they are not all hot to trot to have a lot of it for themselves.

3) The people are willing to suck it up for a good deal of time if their sacrifice leads to the glory of the Empire....so long as leadership is getting the Chinese to a new round of glory any dreams of personal freedom they still have after watching the collapse of the West will wait.

Racism. People are not going to fight for a government they hate.

[McRocket]

It seems that China is coming apart. Massive protests are gaining momentum across the nation, all over Covid lockdowns. Starting at the IPhone and Apple plants, it has now spread across several cities.

The government's response of locking down even harder is being met with more resistance. In some places violence has already started.

Further, people are losing faith in China's fiat currency, the Yuan. The government is trying to print it's way out of it's financial predicament, and wealth is expatriating any way it can. People there see the writing on the wall.

The peaceful days of China are quickly coming to an end.

The question before the house is: How will this affect the United States or the world?

You are being melodramatic.
And clearly not doing much research, before you speak.

1) It's not China coming apart.
It is mostly about Xi.



This Covid policy is Xi's baby.
They are protesting against him primarily.


Now eventually, I think the Chinese people will tire of the restrictive society they live under.
Probably once their economy starts to seriously falter (most of them have known only strong, economic growth in their adult lives).

But for now?
These protests you see are almost entirely about Covid lockdowns and Xi - who is behind them.


And 2) Printing their way out of trouble?
Hello?
Have you seen America's national debt?
And the Fed's balance sheet?

The US national debt has risen by over 1,000% in less than 34 years!!!
https://www.thebalancemoney.com/nati...events-3306287

The Fed's balance sheet is up over 750% in 15 years!!!
https://fred.stlouisfed.org/series/WALCL

Now, China IS spending far, too much.
But compared to America?
It's far, FAR less.

https://www.statista.com/statistics/...debt-of-china/

If you honestly think that China is 'falling apart' - partly because of their spending/printing?
When it is a small fraction of how fast America is 'printing'?
And their GDP growth is still, far better than ours?
https://data.worldbank.org/indicator...ocations=CN-US

Imo, you do not understand the macroeconomic world we live in.
And are just projecting, wishful thinking.


We are done here.

Good day.

[Into the Night]

You are being melodramatic.

Not really.

And clearly not doing much research, before you speak.

It's pretty clear what's happening.

1) It's not China coming apart.
It is mostly about Xi.

This Covid policy is Xi's baby.
They are protesting against him primarily.

So you are denying your own argument. That's a fallacy, dude. You are not locked in paradox.

Now eventually, I think the Chinese people will tire of the restrictive society they live under.

They already are.

Probably once their economy starts to seriously falter (most of them have known only strong, economic growth in their adult lives).

It's already faltering.

But for now?
These protests you see are almost entirely about Covid lockdowns and Xi - who is behind them.

It's about both.

And 2) Printing their way out of trouble?
Hello?

That's what I said.

Have you seen America's national debt?

And the Fed's balance sheet?

The US national debt has risen by over 1,000% in less than 34 years!!!

The Fed's balance sheet is up over 750% in 15 years!!!

Same problem happening here.

Now, China IS spending far, too much.

No. I am saying that China is trying to build it's way out of it's predicament. Whole cities with no one to live in them. Whole megaprojects that are later dismantled. All a desperate government trying to stimulate an economy, and it isn't working.

But compared to America?

Same thing.

It's far, FAR less.

Nope. It's the same thing, just takes a slightly different form.

If you honestly think that China is 'falling apart' - partly because of their spending/printing?

Yes.

When it is a small fraction of how fast America is 'printing'?

Same thing.

And their GDP growth is still, far better than ours?

Irrelevant.

Imo, you do not understand the macroeconomic world we live in.
And are just projecting, wishful thinking.

No. It's happening in any nation using fiat currency.

We are done here.

Good day.

Termination fallacy (thought terminating cliche).