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207
"Beijing’s in panic mode as tariffs threaten over-leveraged Chinese banks and massively over-built Chinese factories. China’s already drowning in debt. If the trade war keeps going they’ll have to start pawning the family jewels." (twitter.com) CHY-NA
posted 1 year ago by purkiss80 1 year ago by purkiss80 +207 / -0
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▲ 25 ▼
– Mountaingale 25 points 1 year ago +25 / -0

It's really hard to imagine how China, who has sucked away all the American money, can be going bankrupt. The mismanagement and lack of planning must be off the charts. Of course America ($37T in debt) is no better, but we were deliberately attacked by infiltraitors.

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▲ 22 ▼
– wasupwitdis 22 points 1 year ago +22 / -0

the CCP enriches itself while the Chinese people suffer....

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▲ 5 ▼
– FlexPowerhouse 5 points 1 year ago +5 / -0

Look at who was the major external party to China that formed the CCP... you'll see where the money goes.

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– deleted 2 points 1 year ago +2 / -0
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– Standingoak 17 points 1 year ago +17 / -0

It's really hard to imagine how China, who has sucked away all the American money, can be going bankrupt.

Teenager with an American Express Card....expecting to become COO after graduating HS. But Trump just stuck a wrench in Daddy's Lines of credit and Daddy's enterprise is going tits up too.

Chyna is ASSHO with Tofu Buildings And the Silk Road MIDDLEMEN are FUCKED after all that investment.

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▲ 9 ▼
– joanofsnark 9 points 1 year ago +9 / -0

They thought to use our coin to become an empire before turning on us. If it weren’t for Trump they likely would have by now. The source of much of this nonsense is from there. Social credit scores runaway ai bioweapons offsourcing. The people have been made into slave labor and Guinea pigs just so a few could get rich and grab power. Same story as here but we thankfully God had a Trump card to play.

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– Standingoak 3 points 1 year ago +3 / -0

They...were led to believe they could...use our coin to become an empire before turning on us.

Judo is like that and those that led them have been flipped and had the wind knocked out of them. If we , with Trump's leadership , can finish them , the Chinese along with the rest of the World will be a much better place

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▲ 6 ▼
– joanofsnark 6 points 1 year ago +6 / -0

Amen to that. My honest hope is we can ultimately get a fair shot for as many people and countries as possible. The elite have destroyed this world with their games and tendencies to play God. Too many good people used as fodder for their machinations

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▲ 12 ▼
– dtxman75 12 points 1 year ago +12 / -0

The 37T debt isn't what you are thinking it is. Debt is used to describe it and is disingenuous to some extent. Since it creates the illusion of fiscal responsibility owed to others. The "debt" is the federal reserve notes (dollars) printed and in circulation, loaned to the citizens of the US by the federal reserve. The money we have and use is the debt. There are a few other nuance to this but nearly all of the "debt" is our money loaned to us. I always see this stated in here and amazes me how many people don't understand these principles still, on a "elite research board" lol.

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▲ 2 ▼
– Molog 2 points 1 year ago +2 / -0

Alot of misinformation around it this subject, most people don't know how it all works. I barely grasp it myself

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▲ 1 ▼
– dtxman75 1 point 1 year ago +1 / -0

That's because it's a intentional convoluted mess practically hidden from the public knowledge base. If everyone knew the national debt that's been screeched for decades by each administration was actually currency loaned from the federal reserve because congress relinquished control of the monetary system in 1913, how pissed would people be? I think the prior generations would be quite angry.

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▲ 1 ▼
– bigsix 1 point 1 year ago +1 / -0

"elite research board"

u/#supplies

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– escapegoat 1 point 1 year ago +1 / -0

If it's not really debt, then why do we pay interest on it? Let's refinance!

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– therobots 1 point 1 year ago +1 / -0

The money we have and use is the debt.

Technically it’s not “money” it’s currency. It’s a promissory note (it has “Note” in its name). Initially it was a promise to exchange currency for real money (Constitutional silver/gold), now it’s fiat.

We don’t owe them any “money”.

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▲ 2 ▼
– dtxman75 2 points 1 year ago +2 / -0

These are all very good points made for clarity. Very relevant, thanks for adding this input.

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– Mountaingale 1 point 1 year ago +1 / -0

If the Fed loaned all the money in circulation to our country, then our country has to pay them back, with interest. To do that the government charges us taxes, fees, fines, etc. Maybe enough to pay the "interest" on the loan. True, we probably owe more to the Fed than to, say, China.

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▲ 2 ▼
– dtxman75 2 points 1 year ago +2 / -0

Essentially, short version that is exactly it. And the debt ceiling they keep raising is the interest payment owed to the Fed. And the looming government shut downs are simply what ma6 occur if the government defaults on the interest payment on the "national debt" . A revolving system of debt slavery and servitude.

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– Mountaingale 1 point 1 year ago +1 / -0

I'm hoping that the Trump administration is putting an end to the Fed and this "revolving system of debt slavery and servitude."

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▲ 9 ▼
– LongTimeListener2 9 points 1 year ago +9 / -0

Have you seen the huge cities nobody lives in?

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▲ 3 ▼
– mac1221 3 points 1 year ago +3 / -0

It is called corruption which is rampant at all levels of society.

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– SOGWAP 5 points 1 year ago +5 / -0

And their red press says trump is chickening out. Trump is likely going to dilute a certain percentage of chinas economy. Apart that will make it 50/50 in equity between the two countries. He's getting the results, all those empty chinese factories are jobs that once we're here and may be coming back. China's economy has been declining since trumps first term. Remember all those chinese ships off shore? Tariffs are barely a month old so we know they're not what started the Chinese slide.

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▲ 5 ▼
– purkiss80 [S] 5 points 1 year ago +5 / -0

https://video.twimg.com/amplify_video/1914860496739586048/vid/avc1/1920x1080/3VTtOEg5HEqML8xW.mp4

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▲ 5 ▼
– 2224522 5 points 1 year ago +5 / -0

It’s more expansive than that, millions of their citizens are spread throughout the earth that have to be paid, supported and managed. It’s land they purchased that have taxes paid and maintained. It’s spies at military bases that have to process information. It’s Universities around the world sucking the life out of their economy. None of these people are at home supporting the economy or working. Nor are they at home making babies. Slaves that need to be curtailed. They have spread themselves so thin on every front it is unsustainable.

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▲ 1 ▼
– ILoveIvermectin 1 point 1 year ago +1 / -0

Sort of like when the Roman Empire was spread far and wide before collapse?

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▲ 4 ▼
– Nitrojunkie72 4 points 1 year ago +4 / -0

The family jewels on a Chinese man are miniscule, I don't think it will help.

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▲ 3 ▼
– Trailblazer6 3 points 1 year ago +3 / -0

Sorry, but I couldn't give a rat's furry crack about China. We are going to have to take our lumps. And I don't want Chinese nationals owning any of our farmland or anything in America.

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▲ 1 ▼
– MidnightToker 1 point 1 year ago +1 / -0

How can we flood their Tik Tok with Tieneman Square videos?

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▲ 1 ▼
– queue-anon 1 point 1 year ago +1 / -0

https://x.com/ryancohen/status/1535936351237021697

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– proforma1 1 point 1 year ago +1 / -0

I know they, the Chinese, find it difficult to find work for their entire population. This may cut into their workforce even more. They deserve everything they get for unleashing COVID on the world. Fauci and America (America would be at fault for not making sure the experimentation on moving illnesses from the animal world to the human world-shame on us. Maybe it was Obama that said cut it out and never checked afterward.

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– ThePowerOfPrayer 1 point 1 year ago +1 / -0

Obama was after plausible deniability, period.

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– proforma1 1 point 1 year ago +1 / -0

Probably true, but did he ever attain it? I, personally, don't think so, even though he was so smug about everything.

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– Paul_Revere 1 point 1 year ago +1 / -0

Gee whiz, that's...just terrible.

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– deleted 1 point 1 year ago +1 / -0

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