1224 China Collapsing

It’s predicted that the world’s next big economic crisis will be China. Their debt is almost four times their gross domestic product, three times more than the equivalent U.S. debt. Their housing sector accounts for a third of their GDP, twice the U.S., and people have quit paying mortgages on houses that haven’t even been built yet. 40% of Chinese real estate investment companies are facing bankruptcy forcing banks to close, and signaling possible bank runs. The government of China is literally driving out foreign companies, even foreign individuals. The once touted centrally-controlled economy is imploding: there really is no compromise between Marxism & Capitalism. But China isn’t going to go down quietly: they’re actually calling the downturn the “New Cultural Revolution.” There are daily Emergency Alert messages on everyone’s phone accusing the West of orchestrating their problems and calling for rearming. Military training is mandatory in schools. They are belligerent to Taiwan and India, and are joining forces with Russia for another Cold War. China’s totalitarian president Xi, like Mao & Stalin before him, are true believers, so if worse comes to worse, they’re going to need a scapegoat, which is why they’ve been prepped, specifically against the U.S.