China'Watch'Canada: Illuminati will burst China's bubble

Illuminati will burst China's bubble

by David Richards, Henry Makow, 28 December 2011.

The Illuminati have chosen China to be the main producer/manufacturer of the New World Order (NWO). China's economy is completely artificial. The stated economic justifications for China's current rise are lies, and a veil for an agenda.

The mainstream media generally portray the US as a dying giant and China as an unstoppable rising power.

And yet, both countries have virtually the same debt-to-GDP levels. The US has $15 trillion worth of debt and a GDP of just over $14 trillion, while China has a GDP of $5.8 trillion (see chart below) and debts of $5.7 trillion.

Data from World Bank, World Development Indicators.

So why is China portrayed as being strong? Because, as the Goldman Sachs graph below shows, over the next 40-years the Illuminati plan to weaken the US and strengthen China. Economics are a veil for an agenda.

China is picked to be the economic powerhouse of the New World Order.

A 2003 projection of the world's economies by Goldman Sachs 'predicts' that China's GDP will overtake the US in 2040. By 2050 China's GDP will have reached $45,000 billion, leaving the US a distant second with $35,000 billion. Germany, the powerhouse of the EU, will only have a GDP of $2,500 billion.

Huge Debts

This projection is at odds with China's current economic weakness. The economy is fueled by a construction bubble that should have burst years ago.

Recently Larry Lang, an economics professor and Chinese TV personality, gave a speechspelling out China's dire economic predicament.

He calculates China's debt to be about 36 trillion yuan (US$5.68 trillion). This calculation is reached by adding up Chinese local government debt (between 16 trillion and 19.5 trillion yuan, or US$2.5 trillion and US$3 trillion), and the debt owed by state-owned enterprises (another 16 trillion). The combined interest on these debts is a colossal two trillion yuan per year.

Lang believes China is bankrupt and can't understand why the country isn't in economic free-fall. By his memorable calculation 'every province in China is Greece.' Why aren't they imploding like Greece?

China's economy is completely artificial. According to Lang, private consumption makes up just 30% of Chinese economic activity.

In 2010, 70% of GDP came from infrastructure construction, including real estate development, railways, and highways. An investment banker recently described China's construction bubble as the 'greatest bubble in history.'

Clearly, China cannot afford to fuel this bubble itself. The Illuminati bankers fuel it to aid the country's development.

Collapse Delayed

The Illuminati like a country to be in monstrous debt so they can crash its economy at will, and use the International Monetary Fund (IMF) to hijack the country's political system and major corporations.

It is likely that China will experience an economic collapse once it reaches the desired level of development.

This is what happened to South Korea, one of the 'Asian Tigers' that crashed in 1997. Like China, South Korea had been going through a rapid period of growth, posting growth figures of 6-10% each year, due to having a protected economy receiving plenty of overseas investment.

However, once South Korea reached the desired level of development, the bankers crashed their economy and took full control of the country.

South Korea needed IMF loans to survive. Before the South Korean general election in 1998, the IMF took the unprecedented step of demanding that all Presidential contenders agreed to their will.

In the 're-adjustment process' all the major South Korean corporations were sold off to foreign investors, e.g. General Electric bought a controlling share in the technology giant LG.

The information on IMF's gutting of South Korea comes from Naomi Klein's Shock Doctrine book, p. 263.

The same scam could be pulled on China.

The Illuminati have put China on a rapid course of development, while keeping the country under their control by making it an economic powder keg that can be lit at any time.

[Source: Henry Makow. Edited.]

CHINA'S 'ARTIFICIAL ECONOMY' TO CRUMBLE AMID BANKER MANIPULATION
By The Coming Depression Editorial Staff, 30 December 2011.

Currency Death Spiral

The US and China are locked in a long term ideological battle over currency rates, and preserving the value of the US dollar IS NOT part of the strategy. The Illuminati like a country to be in monstrous debt so they can crash its economy at will, and use the IMF to hijack the country’s political system and major corporations.

Illuminati symbol in China's currency Yuan

It is likely that China will experience an economic collapse once it reaches the desired level of development.

This is what happened to South Korea, one of the ‘Asian Tigers’ that crashed in 1997. Like China, South Korea had been going through a rapid period of growth, posting growth figures of 6-10% each year, due to having a protected economy receiving plenty of overseas investment.

1. The US wants China to allow its currency to appreciate (as it would if allowed to float freely – more accurately reflect market forces) and reduce the trade surpluses China is running (Chinese exports would decline while US exports would increase as the Chinese currency strengthened relative to the US).

2. China says NO on grounds that a stronger currency would result in a reduction in its exports which increase discontent at home (revolutions would occur against the Chinese communist government – the revolutionary government is now counter-revolutionary!).

3. The US realizes that it can do little to force the change of Chinese behaviour in this exchange rate matter; however, the US does realize the Chinese have NO CHOICE but to keep on buying US Treasuries in order to peg its currency at a fixed rate against the US dollar (with some negligible band to 'float' within).

4. Knowing the Chinese have no choice, the US is ACTIVELY DEBASING the US dollar to try to make the Chinese change their minds about increasing the value of the Chinese currency. As the US dollar goes down, so does the Chinese currency against other non-US currencies. This causes exports in China to increase further to the non-US world causing rising inflation pressures within China. If the Chinese insist on the pegged currency, they are going to be left holding the bag as the US currency devalues and import inflation into the Chinese economy as the Chinese currency follows the US currency down.

5. The US knows from experience that this import of inflation into the Chinese economy will eventually overcome the Communist Party's ability to manage inflation and WILL RESULT in an eventual increase in the value of the Chinese currency.

6. Unfortunately, this market movement will be all at once and a VERY MESSY exercise as market forces overwhelm Chinese management of its currency – it will happen quickly and in an uncontrolled manner rather than a gradual and controlled (orderly) manner.

7. Hang on to your hat folks!

Source: The Coming Depression

Related posts:

1. Why world flocks to US amid EURO, Korean War woes.
2. French economy stalls amid zero growth second quarter.
3. China threatens US economy with currency revaluation.
4. Chinese Yuan reaches 17 year high.
5. China's economy overheating: Bernanke.
6. China slapped with tubing tariff sign of deepening depression.

[Source: The Coming Depression. Edited.]

CHINA'S GHOST CITIES
By Business Insider and World of Mysteries.

The hottest market in the hottest economy in the world is Chinese real estate. The big question is how vulnerable is this market to a crash.

One of China's empty cities

One red flag is the vast number of vacant homes spread through China, by some estimates up to 64 million vacant homes.

Satellite photos of these unnerving places were tracked down, based on a report from Forensic Asia Limited. They call it a clear sign of a bubble: "There’s city after city full of empty streets and vast government buildings, some in the most inhospitable locations. It is the modern equivalent of building pyramids. With 20 new cities being built every year, we hope to be able to expand our list going forward."

Here are some samples of the amazing satellite images of empty Chinese cities.