Into the Night
Verified User
Not really.You are being melodramatic.
It's pretty clear what's happening.And clearly not doing much research, before you speak.
So you are denying your own argument. That's a fallacy, dude. You are not locked in paradox.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.
They already are.Now eventually, I think the Chinese people will tire of the restrictive society they live under.
It's already faltering.Probably once their economy starts to seriously falter (most of them have known only strong, economic growth in their adult lives).
It's about both.But for now?
These protests you see are almost entirely about Covid lockdowns and Xi - who is behind them.
That's what I said.And 2) Printing their way out of trouble?
Hello?
Same problem happening here.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!!!
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.Now, China IS spending far, too much.
Same thing.But compared to America?
Nope. It's the same thing, just takes a slightly different form.It's far, FAR less.
Yes.If you honestly think that China is 'falling apart' - partly because of their spending/printing?
Same thing.When it is a small fraction of how fast America is 'printing'?
Irrelevant.And their GDP growth is still, far better than ours?
No. It's happening in any nation using fiat currency.Imo, you do not understand the macroeconomic world we live in.
And are just projecting, wishful thinking.
Termination fallacy (thought terminating cliche).We are done here.
Good day.