The Chinese debt/foreign trade ponzi is rapidly unraveling. Exports are way down, unemployment is skyrocketing, especially among young people and factories, stores and ports are idle or empty as manufacturing is moving to other Asian locations and global partners are closing up shop. The big idea of weaning away dependance on American consumers as the PRC built up its middle class and could profitably de-link American trade was based on fairy dust, along with most or all officially reported data. Mexico, a failed state running on narcotics and human trafficking, is not taking up the slack as a trade partner.
Wall Street is still sleeping on, or participating in, the lies from Beijing. The half life of this radioactive bullcrap is probably much shorter than they collectively think.
It is naive to suppose that a failing Chinese economy won’t have global repercussions. In the short term, the USD is strong, but the path is uncertain at best. CBDCS will probably only hasten failure. The fault dear Brutus, is not in the stars, but in our fiat. US dollar imperialism is vacant without petrodollars, and the hegemon is sacrificing itself for the benefit of globalist loonies who will soon be laughed at more than feared — unless they just fire off the nukes and kill everyone.
ATwork space 