Jump to content
House Price Crash Forum

Recommended Posts

https://www.express.co.uk/news/world/1305574/World-war-3-india-china-war-galwan-valley-himalayas-clash-details-death-certificates

I can see major problems with China before 2030.  Either the Chinese become the number one super power or the US will nukes them and takes the whole country out.

The "Kung Flu" has been the tipping point for many "Western" nations.

Link to post
Share on other sites

Nah, a hot war between nuclear armed powers has no winners, and all sides know this. I think the west will kill China by demonising it, and turning its back on trade and investment. Look at the recent Huawei thing for example. And look at people's sentiment towards buying Chinese tat, a lot of people are beginning to boycott the stuff. 

Link to post
Share on other sites
3 minutes ago, Social Justice League said:

https://www.express.co.uk/news/world/1305574/World-war-3-india-china-war-galwan-valley-himalayas-clash-details-death-certificates

I can see major problems with China before 2030.  Either the Chinese become the number one super power or the US will nukes them and takes the whole country out.

The "Kung Flu" has been the tipping point for many "Western" nations.

Europe also has the Large Hadron Collider, it can apparently make blackholes according to conspiracy theorists. Image shrinking the whole of China into something smaller that the size of a grain of sand.

Meanwhile the UK apparently even has Quark Weapons. 

Link to post
Share on other sites
1 minute ago, Social Justice League said:

Yeah you're probably right. 

I always laugh at people slagging off socialism, yet most Western rubbish is made in China and the Tory fookwits lap it up.

I think China is finished.  They blew it.  Time for their "middle classes" to go back the the Villages and shut the fook up.

China is more crony capitalist than socialist. I guess that's why the likes of Cameron and Osborne were so comfortable around President Xi.

No use trying to blame China for her extraordinary success; after all, we were the ones who wedged open the door to trade and said help yourself!

China the bubble that never pops

Quote

Why does China’s economy keep outliving doomsayers’ predictions about an imminent collapse?

That’s the question driving China: The Bubble That Never Pops, the sharp new book by Tom Orlik, the chief economist of Bloomberg Economics. I called him up for a snap briefing on China’s debt issues. Here’s an edited transcript of our conversation. —Matt Peterson

To paraphrase 90s techno band The Prodigy, China’s economy has the poison but also the remedy. The high savings rate is a poison, forcing the economy into unbalanced reliance on credit-fueled investment to keep growing. It’s also the remedy, giving banks a rock-solid funding base, which means bad loans don’t knock them over. Massive state-owned enterprises are a poison, a wellspring for inefficiency and corruption. They are also a remedy, giving Beijing a tool to drive development and buffer the ups and downs of the economic cycle.

Why it matters: We get the China economic story wrong. We focus on the sources of stress and friction. We don’t see the drivers of growth and reasons for resilience. It doesn’t matter if you’re a China hawk like President Donald Trump or favor engagement like past administrations. The relationship with China is important and so missing the bigger picture on the economy is a problem.

What’s the latest: The Covid-19 shock is a human tragedy. It’s also a stress test for China and the world. If we think about the biggest borrowers in China, we have the state-owned enterprises, the real estate developers, the local governments. In the first half of 2020, because of the  lockdown, they all saw a catastrophic collapse in their income, which means their ability to repay loans disappears as well. If we were going to have a financial crisis in China, surely it would have been in this period when the main borrowers in the economy went into the red. And of course the financial crisis hasn’t come. 

 

 

 

Link to post
Share on other sites
10 minutes ago, Social Justice League said:

Yeah you're probably right. 

I always laugh at people slagging off socialism, yet most Western rubbish is made in China and the Tory fookwits lap it up.

I think China is finished.  They blew it.  Time for their "middle classes" to go back the the Villages and shut the fook up.


The plan was 

China gets low value

China gets richer

Chinese people want rights and to become wealthier

Chinese import more

Chinese currency rises

China becomes another japan

We are all happy.

*****

The problem is China became powerful now not in the days of no internet/robotics and middle managers.

They skipped all that

So 

 

China gets low value

China gets richer

Chinese people want rights and to become wealthier

Chinese government decides no thanks

China creates lots of billionaires and oligarchies and debt when those fail.

China uses technology to prevent subversion of its state

China chooses to keep currency low and buy assets abroad

.........

So we we march towards a crunch point China is throwing its weight around.

Eg Hong Kong why not wait another few years 2047 and then its not a breach of the agreement.  Ergo China can make and stick to deals etc etc.

But nope China china must be worried I thought they where playing the long game maybe Hong Kong is a malignant source of democracy and it cannot be left to fester on day longer in their opinion.

Link to post
Share on other sites

We should really replace 'China' above with 'Chinese Communist Party'.  Remember the role of the Chinese army is not to defend China or the Chinese people, rather it owes its allegiance to the communist party.

War?  I expect cold war with periodic proxy flash points.  if we don't kowtow.

Link to post
Share on other sites
9 hours ago, Mikhail Liebenstein said:

 

Meanwhile the UK apparently even has Quark Weapons. 

That would be fun for the weapons inspectors of the future..."their report said they're there, but they're not there. They're over there...and there simultaneously!"

(There's an exercise in the correct use of their, they're and there!)

Link to post
Share on other sites
9 hours ago, Chunketh said:

It's true, if enough of us eat that stuff we could produce a massive explosion.

Do you mean the soft cheese delicacy, Quark,  sometimes spelt Quarg? I am also told the Russians have their own version called Tvorog?
A true Tsar Bomb of Cheeses, firmer than our somewhat watery cottage cheese.

Or were you accidentally referring to Quorn, in which case I’ll need to channel the spirit of Linda McCartney through a pack of vegetarian sausages? Quorn must never be mistaken for Quran, otherwise bad things may happen.

 

 

 

Edited by Mikhail Liebenstein
Link to post
Share on other sites
22 minutes ago, Roman Roady said:

That would be fun for the weapons inspectors of the future..."their report said they're there, but they're not there. They're over there...and there simultaneously!"

(There's an exercise in the correct use of their, they're and there!)

I’m looking forward to Dr Schroedinger’s dossier, just worried he may be found simultaneously Dead and Alive after a walk in the woods.

 

Link to post
Share on other sites
9 hours ago, Fromage Frais said:


The plan was 

China gets low value

China gets richer

Chinese people want rights and to become wealthier

Chinese import more

Chinese currency rises

China becomes another japan

We are all happy.

*****

The problem is China became powerful now not in the days of no internet/robotics and middle managers.

They skipped all that

So 

 

China gets low value

China gets richer

Chinese people want rights and to become wealthier

Chinese government decides no thanks

China creates lots of billionaires and oligarchies and debt when those fail.

China uses technology to prevent subversion of its state

China chooses to keep currency low and buy assets abroad

.........
 


Is it too late to blame Richard Nixon?

Link to post
Share on other sites
44 minutes ago, Mikhail Liebenstein said:

Do you mean the soft cheese delicacy, Quark,  sometimes spelt Quarg? I am also told the Russians have their own version called Tvorog?
A true Tsar Bomb of Cheeses, firmer than our somewhat watery cottage cheese.

Or were you accidentally referring to Quorn, in which case I’ll need to channel the spirit of Linda McCartney through a pack of vegetarian sausages? Quorn must never be mistaken for Quran, otherwise bad things may happen.

 

 

 

Nah that weird cheese stuff Quark! Quorn is pretty decent for the most part.

Link to post
Share on other sites
38 minutes ago, Mikhail Liebenstein said:


Is it too late to blame Richard Nixon?

To be fair to him he probably did not envisage racially profiling cameras that issue automatic fines and reporting of citizens along with a Zhima Credit system.

Technology will be the slave that turns master if not careful

Link to post
Share on other sites
11 hours ago, Orb said:

Nah, a hot war between nuclear armed powers has no winners, and all sides know this. I think the west will kill China by demonising it, and turning its back on trade and investment. Look at the recent Huawei thing for example. And look at people's sentiment towards buying Chinese tat, a lot of people are beginning to boycott the stuff. 

This. China has the virtue of being no more interested in being wiped off the face of the earth than we are. It's more lunatic countries with nuclear weapons that would pose that threat.

Link to post
Share on other sites
3 hours ago, Lord D'arcy Pew said:

Quark bomb, you mean the Johnny Cyclops bomb?

 

 

Love it. The dialogue is strangely current, and Rik Mayall is about 12.

Link to post
Share on other sites

John Pilger made quite an interesting documentary on this a few years back. I think it is inevitable at some point, although whether it will be regional proxy wars or WW3 remains to be seen. WW3 doesn't benefit anyone, so you'd hope it wouldn't happen, but events, once underway, do have a habit of getting out of hand.

 

Link to post
Share on other sites
20 hours ago, Orb said:

Nah, a hot war between nuclear armed powers has no winners, and all sides know this.

The winners are the ones who want to destroy the countries involved in the war. Why do you think Clinton wanted a 'no-fly zone' over Syria which would have led to war when American planes started shooting down Russian planes?

The 'elite' have been looting the West for decades, and have wrecked it so badly that all that's left for them to loot is the loose change that fell down the back of the sofa. They were hoping to move to China with their ill-gotten gains and then destroy any remaining competition, but Xi doesn't want them, so now they're trying to destroy the CCP as well as the US and Russia.

If Biden wins, I'd say it's 50:50 as to whether he hits the big red button and nukes China. Mostly because he may forget what he was doing by the time he gets the button out.

But thinking that there won't be war because the nations involved don't want to be destroyed is silly, because we don't live in nations any more. There are many people in positions of power who want to see the countries they live in destroyed.

Edited by MarkG
Link to post
Share on other sites

With 1.4bn internal consumers, China could dump all those US treasury bonds, close it's borders and carry on regardless. Got plenty of resources, brand new infrastructure (thanks to our funny money), loads of empty housing (ghost cities etc.), have you had a good look around the UK lately? Looks pretty worn out. They have played a blinder because China has planned for its future and not for the next financial or political cycle.

There is a huge cultural disconnect in the west, just keep on poking and humiliating them and see what happens next. Good luck.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 415 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.