You get Richard Maybury
“We have almost no way of tracking what is really happening in China.
The statistics are generated by government agencies that feel no obligation to be truthful to the western devils who overran China in the 19th and 20th centuries.
The numbers are quoted in the mainstream press as if they are reliable, but they aren’t, except in the sense that they tell us what the Chinese regime wants us to think…
It’s likely, in my opinion, that for all practical purposes, absolutely every modern Chinese company is malinvestment.
Its buildings, equipment and workers are in the wrong places doing the wrong things at the wrong prices. These businesses were erected in artificial hot spots created by the injections of fiat currency.
For the present, as long as the supply of fiat currency continues to rain down, the Chinese economy will look fine.
But when the value of the yuan begins to drop sharply, Chinese officials will be faced with a terrifying choice: continue inflating the money supply to prop up the cones, until the yuan is worthless, or stop, and watch the entire economy go belly up.
Neither choice is likely to lead to social harmony.
China’s population reportedly numbers 1.35 billion. About 60% are working age.
Hundreds of millions live just one paycheck ahead of starvation.
They all know the elite in the cities wallow in luxury…
The fact that at least some Chinese leaders do not want the yuan to climb against the dollar is strong evidence they know what they’ve done.
If the yuan rises much — perhaps 20% or more — prices of Chinese exports will rise, sales will fall, and the shakeout will return.
Tens of thousands of businesses will go under, and mobs of unemployed will begin pouring into the streets.
So, I think some or all the Chinese leadership know they’re facing a Stephen King nightmare…
How big will the disaster be?
I think it has the potential to be the worst in human history —worse than the Black Death, the Dark Ages, the fall of the Roman Empire, you name it.
If just 4% of the population is killed, it will be the worst bloodbath ever, surpassing even the total global body count of World War II.
This kind of thing has happened before in China many times.
Atrocities there are not done halfheartedly…
China is a house of cards, and the bigger they build it, the harder it will fall.
In my opinion, the folks in the Pentagon should be thinking about that;
it is destined to become their problem…
In my opinion, the West’s outdated Keynesian economics has set China up to be the worst catastrophe in history…”
Richard Maybury, Early Warning Report, 05-10
OK then ... now I feel much better.