People don't understand what this all means because they don't understand how crucial this over development and speculation was key to their currency manipulation.
They were building cities the size of Indianapolis once a month... giant ghost towns of cheaply made dangerous buildings that nobody lives in just so they could cook the books on growth, housing, labor, everything...
The big trick to the china play is artificially inflating all sectors while artificially deflating your currency making your country ripe for foreign investments, especially in the manufacturing sectors.
This all started to pay off for them years ago when all the big pharma pill factories moved in for the cheap labor... many industries suffered because most of the labor pool shifted to the pharmaceutical industry in areas of the country that were usually more related to fireworks and cheap novelty manufacturing.
The labor had already been trained on handling of raw chemicals and the proper methods of screening and mixing compositions... it was perfect for big pharma to swoop in and start making stupid money on the backs of the poorly paid laborers.
Anyway the collapse of one of the legs of the tripod of the china currency manipulation is going to crush the whole system... it's all exposed now and the cities they built just a few short years ago are already starting to fall apart due to nobody living there, no maintenance at all on cheap and poorly made hollow walled stage props cities.
People were sounding the alarm on this years and years ago when it all started, but nobody cared because nobody saw the big picture.
I disagree. Plenty of people saw the big picture. People have been warning that China is a paper tiger but instead of challenging the tiger we kept letting it grow until it became a paper forest that we all reside in.
Lots of people this century, pretty much since 2000, have been discussing heavily that all of China's magical rapid growth was bullshit and exists only on paper.
What did our leaders do? Play into the China illusion because they saw a great opportunity to make unfathomable riches. They weren't backed by anything, but so long as the illusion held the riches would continue.
And now? The whole stupid world's governments bent to China and agreed that it will be the great mother and leader. Only that shitty country is already collapsing under its own weight and will be hobbled within 20 years by population alone. Their entire economy is propped up on its lies. Problem with lies is, they can't hold, especially not up against reality.
Fucking awful that the leaders decided to follow China, of all countries, into 21st Century economics and politics.
But no, plenty of people saw this coming and have been talking about it for decades. But since the truth upsets their lies, the truth wasn't given a platform and anyone who spoke it was labeled a xenophobe/racist/conspiracy theorist.
Good. I hope this and everything else connected to shitty stupid asshole China collapses and they die of fucking plague. How fucking gullible are Western leaders?
i 100% agree with you, i'm simply saying that only those of us who were paying attention saw it and spoke up about it...
3% of the world noticed it and sounded the alarm, 1% kept us all quiet and forged ahead while the other 96% gleefully plodded and trudged along consuming mass produced chinese crap that was built on stolen IP.
the writing was on the wall for anyone willing to listen... but most people were too distracted with their pumpkin spiced anal lube and singing contests that they didn't pay attention...
this was all avoidable but most people are profoundly retarded and complacent.
I am stupid on this specific topic, but I always wondered how China was experiencing such growth when the government manipulated the currency like it did.
Their currency meant nothing but what someone said it meant that day. Complete bullshit air.
because it worked just like a bernie madoff scheme...
the people who got their investments in early just cross their fingers hoping to get their money out by cashing on the next rubes to take the bait...
you invest a ton of US dollars into china building projects, that money buys you a metric fuckton of capitol in chinese currency because their currency was artificially devalued...
this prompted more and more investments from others investing in the sector, and your hope was that at the end of the day you could sell off your investments at the peak and make a bunch of money on the backend.
this has been the grift all along, fake bullshit being sold to speculators who in turn hyped and bolstered said fake bullshit enough that more people would invest.
bernie madoff got famous because a bunch of famous people invested and told all their friends.
china is pulling the same scam on an international currency and world economy scale.
People don't understand what this all means because they don't understand how crucial this over development and speculation was key to their currency manipulation.
They were building cities the size of Indianapolis once a month... giant ghost towns of cheaply made dangerous buildings that nobody lives in just so they could cook the books on growth, housing, labor, everything...
The big trick to the china play is artificially inflating all sectors while artificially deflating your currency making your country ripe for foreign investments, especially in the manufacturing sectors.
This all started to pay off for them years ago when all the big pharma pill factories moved in for the cheap labor... many industries suffered because most of the labor pool shifted to the pharmaceutical industry in areas of the country that were usually more related to fireworks and cheap novelty manufacturing.
The labor had already been trained on handling of raw chemicals and the proper methods of screening and mixing compositions... it was perfect for big pharma to swoop in and start making stupid money on the backs of the poorly paid laborers.
Anyway the collapse of one of the legs of the tripod of the china currency manipulation is going to crush the whole system... it's all exposed now and the cities they built just a few short years ago are already starting to fall apart due to nobody living there, no maintenance at all on cheap and poorly made hollow walled stage props cities.
People were sounding the alarm on this years and years ago when it all started, but nobody cared because nobody saw the big picture.
I disagree. Plenty of people saw the big picture. People have been warning that China is a paper tiger but instead of challenging the tiger we kept letting it grow until it became a paper forest that we all reside in.
Lots of people this century, pretty much since 2000, have been discussing heavily that all of China's magical rapid growth was bullshit and exists only on paper.
What did our leaders do? Play into the China illusion because they saw a great opportunity to make unfathomable riches. They weren't backed by anything, but so long as the illusion held the riches would continue.
And now? The whole stupid world's governments bent to China and agreed that it will be the great mother and leader. Only that shitty country is already collapsing under its own weight and will be hobbled within 20 years by population alone. Their entire economy is propped up on its lies. Problem with lies is, they can't hold, especially not up against reality.
Fucking awful that the leaders decided to follow China, of all countries, into 21st Century economics and politics.
But no, plenty of people saw this coming and have been talking about it for decades. But since the truth upsets their lies, the truth wasn't given a platform and anyone who spoke it was labeled a xenophobe/racist/conspiracy theorist.
Good. I hope this and everything else connected to shitty stupid asshole China collapses and they die of fucking plague. How fucking gullible are Western leaders?
i 100% agree with you, i'm simply saying that only those of us who were paying attention saw it and spoke up about it...
3% of the world noticed it and sounded the alarm, 1% kept us all quiet and forged ahead while the other 96% gleefully plodded and trudged along consuming mass produced chinese crap that was built on stolen IP.
the writing was on the wall for anyone willing to listen... but most people were too distracted with their pumpkin spiced anal lube and singing contests that they didn't pay attention...
this was all avoidable but most people are profoundly retarded and complacent.
I am stupid on this specific topic, but I always wondered how China was experiencing such growth when the government manipulated the currency like it did.
Their currency meant nothing but what someone said it meant that day. Complete bullshit air.
Why would anyone fall for that kind of shit?
because it worked just like a bernie madoff scheme...
the people who got their investments in early just cross their fingers hoping to get their money out by cashing on the next rubes to take the bait...
you invest a ton of US dollars into china building projects, that money buys you a metric fuckton of capitol in chinese currency because their currency was artificially devalued...
this prompted more and more investments from others investing in the sector, and your hope was that at the end of the day you could sell off your investments at the peak and make a bunch of money on the backend.
this has been the grift all along, fake bullshit being sold to speculators who in turn hyped and bolstered said fake bullshit enough that more people would invest.
bernie madoff got famous because a bunch of famous people invested and told all their friends.
china is pulling the same scam on an international currency and world economy scale.
and it's worked great... until now.