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Opinions & Editorials Discuss Is China's economy collapsing? at the General Forum; https://www.cnn.com/2022/06/23/econo...hnk/index.html With the right circumstances, this could happen here also. Runs on small Chinese banks have become more frequent in ...

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Old 07-19-2022, 11:06 AM
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Default Is China's economy collapsing?

https://www.cnn.com/2022/06/23/econo...hnk/index.html

With the right circumstances, this could happen here also.

Runs on small Chinese banks have become more frequent in recent years and some have been accused of financial improprieties or corruption. But experts worry that a much bigger financial problem could be looming, caused by fallout from a real estate crash and soaring bad debts related to the Covid-19 pandemic.
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Old 07-23-2022, 05:27 PM
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Default Re: Is China's economy collapsing?

China's economy can rot in Hell.
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Old 07-23-2022, 08:25 PM
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Default Re: Is China's economy collapsing?

Quote:
Originally Posted by Dog Man View Post
https://www.cnn.com/2022/06/23/econo...hnk/index.html

With the right circumstances, this could happen here also.

Runs on small Chinese banks have become more frequent in recent years and some have been accused of financial improprieties or corruption. But experts worry that a much bigger financial problem could be looming, caused by fallout from a real estate crash and soaring bad debts related to the Covid-19 pandemic.
They don't seem too worried about the people but they're working on war stuff:

FBI investigation determined Chinese-made Huawei equipment could disrupt US nuclear arsenal communications
so their economy must be ok.
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Old 07-23-2022, 10:29 PM
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Default Re: Is China's economy collapsing?

The short answer is no...

Considering China's history, this is just click bait....
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Old 07-24-2022, 02:22 AM
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Default Re: Is China's economy collapsing?

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Originally Posted by Dave1 View Post
The short answer is no...

Considering China's history, this is just click bait....
Agreed...

China still has about $1 trillion in US debt...
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Old 07-25-2022, 07:00 AM
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Default Re: Is China's economy collapsing?

Quote:
Originally Posted by Dog Man View Post
With the right circumstances, this could happen here also.

Runs on small Chinese banks have become more frequent in recent years
One can't grade the health of the Chinese economy from the pain the regular citizen is suffering. Applying Western mores and values to the Chi-Com government is a mistake.

China can flip the switch and collapse the US at any time, and it will be done through trade.

China has amassed immense amounts of gold off the books, lying to the IMF and will announce a gold-backed Yuan just for trade and settlement.

Confidence in the US dollar is already collapsing, and nations are exploring alternatives to Western based settlement services like SWIFT. Once the gold-backed Yuan is released, the US dollar will be abandoned globally as the reserve currency, and trillions of dollars will come flooding back into the USA as they are dumped, and the USD will no longer be accepted for settlement of accounts.

There's a reason why China and friendlies have been buying our farmland.

After a year of bulldozing into paddies, how much rice could be grown in the Everglades?
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Old 07-26-2022, 02:15 PM
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Default Re: Is China's economy collapsing?

Quote:
Originally Posted by Jeerleader View Post
China can flip the switch and collapse the US at any time, and it will be done through trade.
Can you clarify that statement? I don't believe it, but go ahead and give it a shot.
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Old 08-01-2022, 08:37 PM
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Default Re: Is China's economy collapsing?

Quote:
Originally Posted by Manitou View Post
Can you clarify that statement? I don't believe it, but go ahead and give it a shot.
I explained how:
"China has amassed immense amounts of gold off the books, lying to the IMF and will announce a gold-backed Yuan just for trade and settlement.

Confidence in the US dollar is already collapsing, and nations are exploring alternatives to Western based settlement services like SWIFT. Once the gold-backed Yuan is released, the US dollar will be abandoned globally as the reserve currency, and trillions of dollars will come flooding back into the USA as they are dumped, and the USD will no longer be accepted for settlement of accounts."
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Old 08-01-2022, 09:55 PM
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Default Re: Is China's economy collapsing?

Quote:
Originally Posted by Jeerleader View Post
I explained how:
Yes, I read that before. The only way the United States will collapse will be by its turning socialist and globalist.
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Old 08-02-2022, 11:51 AM
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Default Re: Is China's economy collapsing?

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Originally Posted by Manitou View Post
Yes, I read that before. The only way the United States will collapse will be by its turning socialist and globalist.
We will probably HAVE to turn Socialist if our economy collapses. There are far too many people living on fixed incomes, and paycheck to paycheck.

I'll be OK, I'm just hoping FDIC insurance works for multiple banks.

I already lost about 500k in the stock market.
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