The 20th century was to have belonged to the United States. The 21st century was promised to China. Both countries were tasked to help usher in a path toward one world government and a one world planned socialist economy. Former President, HW Bush, called it the “New World Order” as he was the first to use the term on the world stage.
If the millennials were ever taught real economics in their post-secondary educations in America’s liberal-controlled state universities, they would see right through the fallacy of socialism in any form. The Maoist version of the centrally planned economy has miserably failed to produce efficient growth and has even caused China to fall far behind not only the industrialized nations of the West but also the new industrial powers of Asia, namely Japan, who just inked a super trade deal with the United States, South Korea, Singapore, Taiwan, and not coincidentally, Hong Kong.
The Attempted Closing of the South China Sea
By this time, China was to be the globalist darling emerging on to the world’s power scene as the dominant power in Asia. However, the Chinese could not even master the abovementioned nations. Subsequently, the Chinese did what communists do best, they tried to bully their neighbors as they attempted to close the South China to international trade. Their military unable to project any dominance created artificial Islands and turned them into a type of stationary aircraft carrier. The attempt was laughable and was widely chastised among military experts. Aircraft carriers are effective because they are mobile and in combination with planes that they carry, all targets of military airpower are potentially in range. So, this feeble attempt to project Chinese military power in response to a failing economy, was laughable and ate up precious Chinese resources! And when China attempted to blockade passage, President Trump sent in the US Navy and China did what confronted bullies frequently do, they ran for cover.
In short, China’s attempt at projecting world-class military power has been dragged down by a pervasive third world status in their people’s standard of living. Poverty permeates the Chinese financial landscape. Their economic prowess is largely cosmetic as we have witnessed in the wasted construction of the Chinese so-called “ghost cities”.
“Build It and They Will Come”
That phrase may work in a Kevin Costner movie, but it failed miserably for the Chinese Communist Party as they attempted to become an urban industrialized economy. Chinese political refugee and Princeton University professor, Cheng Xiaonong, stated in that in lots of places in China, farmers are being forcibly relocated at gun point and forced to relocate to urban areas. Cheng said, “[Party chief] Bo Xilai has been promoting a policy of moving farmers into towns, building apartments and moving forcibly relocated farmers into these stack and pack apartments and treating this as urbanization.” Cheng said urbanization isn’t about calculating how many farmers are relocated into cities, but about farmers being able to move into the city and gaining some measure of sustainable employment and adequate living conditions. But the projected factory jobs did not come because China is a failed economy. These relocated farmers, without the prospect of jobs is a recipe for economic and social disaster. Soon, there will be tens of millions of Chinese totally dependent on government handouts to survive. This is the power that governments strive to obtain because it gives them total control. This Chinese scene is reminiscent of the Agenda 21 inspired movie, Hunger Games.
Cheng makes the same observations as many other Chinese experts as he added that “urbanization is generally accompanied by economic growth as was the case in the US. In other countries, urbanization happens naturally, but in mainland China, urbanization is the result of the Chinese regime forcefully pushing farmers off of their land.” Since the Chinese are not industrialized to the point which would justify the mass movement of 1 million people per month into its ghost towns, any reasonable person would be asking the question, why?
Do you remember Mr. too-big-to-fail, Hank Paulson, when he told Congress that if we, the American taxpayer, did not bail out Wall Street, there would be an economic collapse and we would have martial law and the rest as they say, is history. And bailout after bailout has come and gone and the net effect is that the American economy is in a tailspin. And the Chinese are taking advice from him? That’s like taking advice from Dr. Kevorkian on how to preserve life.
Another key globalist, Dominic Barton, the global managing director of McKinsey & CO, and he too sounds like a Paulson clone as recently stated, “The good news is that there is an underlying force of growth and that’s urbanization. What we’re basically seeing is more we than 250,000 people moving from rural areas to cities every week.”
The late Maurice strong and of course, George Soros, were also players in this mass migration movement. Job demand is not fueling urbanization. Urbanization did not result in industrial growth which would subsequently push job demand as the globalists hoped. But you see, the globalists had another goal for China, and the realization of this urbanization goal, in part, fueled the economic demise of China. The globalists second goal undid the first goal. Make no mistake about it, the Chinese with the backing of globalist corporations like Goldman Sachs, were engaged in a full-blown Agenda 21 relocation of its civilian population from rural areas to the stack and pack of their mega-cities. From the outside looking in, it looks like a beta test for the stack and pack policies that are planned and have been somewhat implemented under the Obama administration. If a Democratic socialist (eg Biden, Harris, Warren) the onslaught against rural America will look a lot like China did in the past decade. In short, the globalist desire to implement stack and pack Agenda 21 policies wrecked the Chinese economy along with the Chinese central planning schemes which never work. Today, all of China’s economic zones are economically under water.
There are clear lessons that Americans should be wary of. First, socialism NEVER works. Second, central planning NEVER works.
One has to understand the Chinese ghost cities phenomenon to understand the Beijing vs Hong Kong dilemma of today.
The Chinese are beyond broke. Yesterday, I interviewed economist Robert Kudla and he cited some interesting Chinese and American economic statistics:
- The IIF, in 2017, stated that Chinese debt to GDP percentage topped 300%. Yesterday, on my radio show, Kudla stated that the 2019 figures for China is now a whopping 487%!!! That means that for every Chinese product produced, the cost of making that product is almost 5 times the value of the product. Coincidentally, last evening, I was driving and listened to about 10 minutes of Glenn Beck and he quoted the same statistic. In comparison, Kudla stated that the United States has a 68% debt to GDP ratio, which is bad enough.
- The Chinese just printed $60 trillion dollars of their cash to service the debt. The entire world has only $70 trillion total in cash. China is on the verge of becoming the next Venezuela, where they just reported, this past spring, a million percent inflation rate. The global economy will be impacted by this as well unless of course, nobody accepts Chinese currency, which is what I am predicting will happen. We are already seeing this in the EU. Their negative interest rates are forcing EU investors to seek foreign investments and they are certainly not going to the Chinese for investment. Subsequently, the EU investors are buying US bonds and other financial instruments in great numbers and this is helping to fuel the sustainability of the American stock market. Trump’s deal with Britain further undermines EU economic security and drive a further dagger into the heart of the Chinese economy. Add to that, the Trump sanctions against China and they are about ready to cry uncle, or as we will discuss, go to war.
- Trump is waging a brilliant war of attrition against the Chinese economy. Those of you who say Trump is a dedicated globalist are not paying attention. Trump is picking up where the globalist failed Chinese ghost cities left off. Trump is using the Walmart model of economic subjugation. When Walmart moves into a mid-size or smaller community, they undersell all of their competition and drive the local businesses into bankruptcy. The behemoth Walmart can sustain losses longer than any small business. And when all the businesses are bankrupted by Walmart’s policies of attrition, they raise their prices higher than the customers were paying before Walmart move in. This is, in effect, what Trump is doing to China. He is waging a war of attrition and America’s runway is longer than China’s. Trump has been criticized in his economic approach to China. The MSM say that he is killing the American farmer since China won’t buy American agricultural products. Checkmate! Trump just inked a major trade deal with Japan and Japan will be picking up the slack for the American farmer by buying American food. Major Chinese trading partner, Brazil who is headed by Trump II, wants in on this agricultural action as well. Again, Checkmate globalists!
- To keep its head above water, China desperately needs to plunder the resources of Taiwan and Hong Kong. For the foreseeable future, Taiwan is unobtainable for all the obvious reasons. However, Hong Kong represents booty that China needs.
History In the Making
The CHICOMS are in a dilemma. They desperately need Hong Kong’s profitable economy. However, Hong Kong wants to be a mini-United States and enjoy both civil liberties and economic freedom.
The CHICOMS are indeed caught between a rock and a hard place. If they Chinese move into Hong Kong and enact Tiananmen Square 2.0, they face unquestionable condemnation from the international community and many crippling trade sanctions will occur. Even Russia would be hard-pressed to stand by China if they enact a slaughter of the Hong Kong protesters. Oh, the Chinese will enact martial law. They will be brutal in the streets and they will arrest thousands, but genocide is not in the cards, unless, of course, the Chinese don’t care about the international community and they intend on going to war anyway.
The Chinese Military Threat
Can the Chinese hope to win a war against the United States and ultimately the West. The answer is an absolute no! Yes, they have nuclear weapons, but even if they were to launch a successful first strike and take out all of America’s nuclear silos (an impossibility), they would still have to contend with our allies and our 72 nuclear submarines each armed with 8 to 24 nuclear missiles each capable of taking out a major city. What about conventional warfare. Beyond Vietnam, Hong Kong and possibly Taiwan (protected by the US), they cannot win anything about a regional conflict. This is true because the Chinese cannot project their military power. They are deficient in space-based weapons, they are deficient in aircraft carriers and they are deficient in a prolonged air war because they lack spare parts on a level needed to sustain a war.
The Chinese and their globalist sponsors have been effectively thwarted for the time being. This, in part, explains the incessant attacks upon Trump by the MSM on an everyday basis. The accusations are becoming more desperate (eg CNN airing a guest. Psychiatrist Brian Seltzer, without correction, stated the Trump had murdered more people than Hitler, Mao and Stalin.
For now, the pivotal point in the future of the planet revolves around the events in Hong Kong. How aggressive will China get? Are they willing to start WWIII?
We are in for a wild ride. And I want to reiterate an important point. No matter what your issue with this President is (eg lack of confrontation with social media), Trump is the only thing standing between you and the New World Order.