Generational Dynamics World View News

[tim]

The China bubble is probably the most important economic issue on Earth today. The comment that a fire sale would undermine prices is an understatement. I would be shocked, if under 20% of the world's natural resources weren't going into China construction. It hasn't been that long ago, the US came out of a burst housing bubble, that took 7 or 8 years to work off. What happened, in the US, should have happened in China 10 years or more ago. Instead, the band played on. The impact around the world will be massive.

China presents a real problem, because it is full of homes and buildings that will never be occupied. Its population has peaked and new problems will present. Housing has been built at a pace 5 times or more of historical peak, in the US. China poured more concrete, in 3 years, than the US poured in the 20th century. Chew on that and swallow it. Steel goes into concrete. A long line of capital goods line up behind these resources. The same goes for minerals that go into construction and capital goods. The situation mirrors 1929 USA, but much larger.

I always thought the Chinese ghost cities were for a population displaced by nuclear war.

[FullMoon]

The China bubble is probably the most important economic issue on Earth today. The comment that a fire sale would undermine prices is an understatement. I would be shocked, if under 20% of the world's natural resources weren't going into China construction. It hasn't been that long ago, the US came out of a burst housing bubble, that took 7 or 8 years to work off. What happened, in the US, should have happened in China 10 years or more ago. Instead, the band played on. The impact around the world will be massive.

China presents a real problem, because it is full of homes and buildings that will never be occupied. Its population has peaked and new problems will present. Housing has been built at a pace 5 times or more of historical peak, in the US. China poured more concrete, in 3 years, than the US poured in the 20th century. Chew on that and swallow it. Steel goes into concrete. A long line of capital goods line up behind these resources. The same goes for minerals that go into construction and capital goods. The situation mirrors 1929 USA, but much larger.

I always thought the Chinese ghost cities were for a population displaced by nuclear war.

The housing bubble was suspended in some part by the Party. They've apparently judged it time to deflate. Therefore all the empty expensive apartments can be filled once they become affordable. Sure, lots of investors will get burned but all financial investments are risky and they should have known. Scapegoats will be punished for appeasement. Moving people from the countryside into urban apartments is a Party priority, maybe in part to keep the population controlled and in centralized locations to better receive Party indoctrination.

[Guest]

It does make me laugh: Macron saying that the US is not a reliable partner. Trump, who was right on most things defence-wise, said that Europe was/is not a reliable partner because they just won't pay a genuine 2pc of GDP into NATO. Trump 1 : EU 0

[Guest]

https://www.wsj.com/articles/havana-syn ... 1632844044

Havana Syndrome Attacks Widen With CIA Officer’s Evacuation From Serbia
U.S. officials say the still-unexplained assaults are steadily expanding and sapping morale at the CIA and State Department

Serbia is a Chinese client state. Serbia always plays both sides of the fence. No surprise here. In WW3, Serbia will blow with the direction of the wind.

[DaKardii]

https://www.wsj.com/articles/havana-syn ... 1632844044

Havana Syndrome Attacks Widen With CIA Officer’s Evacuation From Serbia
U.S. officials say the still-unexplained assaults are steadily expanding and sapping morale at the CIA and State Department

Serbia is a Chinese client state. Serbia always plays both sides of the fence. No surprise here. In WW3, Serbia will blow with the direction of the wind.

Serbia’s loyalty is to Russia. If Russia is pro-China, then Serbia is pro-China. And vice versa.

[Navigator]

The China bubble is probably the most important economic issue on Earth today. The comment that a fire sale would undermine prices is an understatement. I would be shocked, if under 20% of the world's natural resources weren't going into China construction. It hasn't been that long ago, the US came out of a burst housing bubble, that took 7 or 8 years to work off. What happened, in the US, should have happened in China 10 years or more ago. Instead, the band played on. The impact around the world will be massive.

China presents a real problem, because it is full of homes and buildings that will never be occupied. Its population has peaked and new problems will present. Housing has been built at a pace 5 times or more of historical peak, in the US. China poured more concrete, in 3 years, than the US poured in the 20th century. Chew on that and swallow it. Steel goes into concrete. A long line of capital goods line up behind these resources. The same goes for minerals that go into construction and capital goods. The situation mirrors 1929 USA, but much larger.

I always thought the Chinese ghost cities were for a population displaced by nuclear war.

The housing bubble was suspended in some part by the Party. They've apparently judged it time to deflate. Therefore all the empty expensive apartments can be filled once they become affordable. Sure, lots of investors will get burned but all financial investments are risky and they should have known. Scapegoats will be punished for appeasement. Moving people from the countryside into urban apartments is a Party priority, maybe in part to keep the population controlled and in centralized locations to better receive Party indoctrination.

When (not if) the system engineered by the CCP implodes, they, of course, will not take the blame. They will blame it on the USA and start shooting. They will do anything to remain in power, and can only deflect the anger of their population at the fiscal mess that is about to unfold by starting a major war.

I hope people are fully engaged in preparing for what is coming.

And, BTW, things won't be much better after the war either. IMHO we have roughly 10 years of increasing difficulties ahead. Now is the last period that supplies, equipment and other necessary commodities will be easy (relatively) to get.

[thinker]

I read a twit from a twitter account of someone that has been following the evergrand fraud scheme for a while and he said that his sources in mainland China have begun to tell him that the problems are not just in the real estate sector. They are telling him that there is a problem with energy as well. They are saying that there are shortages and that there are blackouts and the frequency of the blackouts is growing as well as the areas where they are having blackouts. Dakardii I agree with you that there are psycho war mongering bastards in our government but not everything is a grand war scheme, also to my knowledge the Trump administration didn't start any new wars and Pompeo was part of it so I don't think it is accurate to call him a warmongering neocon. One more thing to all the "guests" on this forum could you please get some new handles it would make things less confusing, at least "another guest" made somewhat of an effort.

[John]

** 30-Sep-2021 World View: China energy crisis

> I read a twit from a twitter account of someone that has been
> following the evergrand fraud scheme for a while and he said that
> his sources in mainland China have begun to tell him that the
> problems are not just in the real estate sector. They are telling
> him that there is a problem with energy as well. They are saying
> that there are shortages and that there are blackouts and the
> frequency of the blackouts is growing as well as the areas where
> they are having blackouts. Dakardii I agree with you that there
> are psycho war mongering bastards in our government but not
> everything is a grand war scheme, also to my knowledge the Trump
> administration didn't start any new wars and Pompeo was part of it
> so I don't think it is accurate to call him a warmongering
> neocon. One more thing to all the "guests" on this forum could you
> please get some new handles it would make things less confusing,
> at least "another guest" made somewhat of an effort.

China's energy crisis is extremely serious, and it's going to affect
the entire world in terms of supply chains.

If you want to have gifts for your kids under your Christmas tree this
year, then you'd better buy them now, because they won't be available
long, if they're even available now.

-- China's energy crisis spreads to Beijing, impacts tech firms Apple
and Tesla
https://www.abc.net.au/news/2021-09-29/ ... /100497674
(Australian Broadcasting, 29-Sep-2021)

[Guest]

https://www.wsj.com/articles/havana-syn ... 1632844044

Havana Syndrome Attacks Widen With CIA Officer’s Evacuation From Serbia
U.S. officials say the still-unexplained assaults are steadily expanding and sapping morale at the CIA and State Department

Serbia is a Chinese client state. Serbia always plays both sides of the fence. No surprise here. In WW3, Serbia will blow with the direction of the wind.

Serbia’s loyalty is to Russia. If Russia is pro-China, then Serbia is pro-China. And vice versa.

Serbia is loyal to Serbia. You have obviously never been there.

[Guest No 3]

Dimon says JPMorgan preparing for 'potentially catastrophic' US credit default

JPMorgan Chase CEO Jamie Dimon said that the multinational investment bank has started to prepare for a "potentially catastrophic" situation in which the United States could default on the national debt.

Oh, this is just great.

John, do you still think the US dollar will be the last man standing? Is gold still a bad investment?


https://thehill.com/policy/finance/574 ... it-default