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World debt-who’s the recipient?
Posted on 2/3/24 at 9:09 pm
Posted on 2/3/24 at 9:09 pm
Just reading article of chinas debt. It’s worse than US. Does everyone realize debt is really an IOU and private central banks are the recipient? We’ve been in a giant monopoly game where the owners of this private entity will own it all eventually if we don't get off their rain?
7
Posted on 2/3/24 at 9:29 pm to Out da box
.WEF / DAVOS members control it all
Posted on 2/3/24 at 10:19 pm to Out da box
Me. I own lots of Treasury Bills.Probably $800,000 or more.
I would not own China debt. And I would not go long term on US debt.
I would not own China debt. And I would not go long term on US debt.
This post was edited on 2/3/24 at 10:25 pm
Posted on 2/3/24 at 10:32 pm to Out da box
The BIS satanists coordinate all the central banks in the world. They create money out of thin air in each of these countries, give it to themselves, then use it to finance debt in other countries. The ~350 trillion in world debt was all stolen through inflation.
Posted on 2/3/24 at 11:05 pm to Out da box
I don‘t think the data is reilable regarding to China. If you believe the IMF data is correct, China debt is not worse than US, Japan, UK, France, and many other industrial contries.
LINK
LINK
Posted on 2/3/24 at 11:14 pm to pecxs
It’s probably worse as China was building those ghost cities for, as the China supporting journalist say, “investing in under developed areas already with strong gdp numbers for 20 years into the future.” Not thinking that no one is building a damn city with multiple buildings to start reaping the rewards, aka even begin to pay off the price of building the structures, 20 years later.
Or that they have a huge poor class of people that is very hard to feed. Their gdp per capita is low.
There is no telling exactly but I’ve seen anywhere from 300% of gdp to 3,000%.
Or that they have a huge poor class of people that is very hard to feed. Their gdp per capita is low.
There is no telling exactly but I’ve seen anywhere from 300% of gdp to 3,000%.
Posted on 2/4/24 at 1:29 am to Out da box
It's going to be alright if we keep voting GOPe, right?
Right?
Right?
Posted on 2/4/24 at 4:05 am to Tandemjay
quote:
It's going to be alright if we keep voting GOPe, right?
We need someone who can cut the size of government and cut their power, funding.
Thats how you beat Democrats and others.
Posted on 2/4/24 at 7:40 am to Out da box
If you want a really in depth look at what’s going on on a global scale and what’s likely to happen then read
“The End of the World is just the beginning” by Peter Zihan who is an economist.
China has hyper financed construction projects to try and “fake it till you make it.” However they’re likely to completely collapse in the next decade. Their population will be cut in half by the year 2050.
This will all have a very big impact on a global scale as well bc manufacturing will have to start shifting now to prepare for it.
“The End of the World is just the beginning” by Peter Zihan who is an economist.
China has hyper financed construction projects to try and “fake it till you make it.” However they’re likely to completely collapse in the next decade. Their population will be cut in half by the year 2050.
This will all have a very big impact on a global scale as well bc manufacturing will have to start shifting now to prepare for it.
Posted on 2/4/24 at 7:44 am to RogerTheShrubber
quote:
We need someone who can cut the size of government and cut their power, funding.
Thats how you beat Democrats and others.
Bingo.
This needs to be drilled into some peep's heads.
Posted on 2/4/24 at 7:47 am to pecxs
quote:
I don‘t think the data is reilable regarding to China. If you believe the IMF data is correct, China debt is not worse than US, Japan, UK, France, and many other industrial contries.
That's just national government debt. They have substantially more provincial debt, and corporate debt from state owned businesses.
Their real debt to GDP ratio is around 300% That's if you believe their GDP is real. Its not so it's the ratio is even worse as their GDP is probably only around 14 to 15 trillion.
Posted on 2/4/24 at 7:53 am to Junky
quote:
It’s probably worse as China was building those ghost cities for, as the China supporting journalist say, “investing in under developed areas already with strong gdp numbers for 20 years into the future.” Not thinking that no one is building a damn city with multiple buildings to start reaping the rewards, aka even begin to pay off the price of building the structures, 20 years later.
Those cities were bought and paid for with private money. Three generations of savings were pooled up into the hands of the 4th generation. They finally were allowed to invest…in housing.
Many people bought more than one house. Some bought 5 of more.
China’s GDP was tied to that long term construction boom (up to 50% of the GDP lasting over 30 years). If (when?) the market collapses, the CCP will get those properties for pennies on the dollar. Then, they will have a place to cram their aging population, while simultaneously depopulating their key cities of geriatrics. The CCP looks at long time planning, not short.
As for their “work force, fewer will be needed long term, as China goes full bore into automation.
Meanwhile, the US has focused on social engineering, such as race, chopping off breast and peckers. and the cultivation of climate crazies.
Posted on 2/4/24 at 12:11 pm to RogerTheShrubber
quote:
We need someone who can cut the size of government and cut their power, funding.
Don't you mean people because one person can't do it. It will take an all out blitz from multiple angles to reduce government.
Posted on 2/4/24 at 12:36 pm to Out da box
quote:
owners of this private entity
If you have a 401k, pension or savings account then you’re one of the “owners”. There’s no bogey man. Just finance bros doing finance bro things.
Posted on 2/4/24 at 12:47 pm to Shepherd88
quote:
China has hyper financed construction projects to try and “fake it till you make it.” However they’re likely to completely collapse in the next decade. Their population will be cut in half by the year 2050.
This will all have a very big impact on a global scale as well bc manufacturing will have to start shifting now to prepare for it
Which is why it's reasonable to expect China to take action sooner rather than later. I don't think China will attempt any type of conventional warfare against the US. It's not hard to imagine, people just need to gather the information and come up with the simplest conclusion.
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