China's Economy Has Collapsed

We are seeing the end of the largest financial bubble in history as the Chinese property market collapses. This video goes into some detail about why China's market got so big and how the Evergrande collapse bought an end to China's boom.

So Communism Didn't Work Right?

The main driver of the China property boom is authoritarian control by the CCP. They prevented the population from investing in anything other than real estate.

China has tried to walk on both sides of the street, realizing that Russian communism had collapsed because it was too insular, they globalised their economy and searched for weaknesses and markets in the capitalist system.

An equilibrium was reached in the late 20th and early 21st centuries as both systems exploited each other to mutual benefit. Meanwhile corruption and self indulgence prospered around the globe. Populations were lied to and happily accepted it. Lobsters were air freighted to China on a daily basis from Tasmania while the locals never saw them. Chinese monopoly money flowed into Australia, inflating our property market and putting houses beyond the reach of young families. This is an environment where corrupt politicians flourish and they did.

The Australian Liberals developed a migration scheme based entirely on wealth and targeting rich Chinese. Chinese investors could only buy new houses in Australia, not old ones. The Australian property boom is an offshoot of the Chinese property boom. That means it will also fail.

dictator for life holds video with WEF

Proof China's economy is failing is dictator Xi Jinping this week lecturing the WEF about the critical importance of low interest rates.

So we have a Marxist battling to hold down interest rates so his debt-driven pseudo-capitalist, pseudo-communist empire doesn't go broke and the proletariat lynch him? The irony. None of the WEF cares about Xi because his bat virus has already crippled their economies. Why did Xi imprison doctors warning of the pandemic and then cover it up while it spread around the globe?

Unlimited Growth - Where Crony Communism and Crony Capitalism Agree

Free market capitalists think the Earth is an unlimited sewer with the ability to absorb every bit of toxic waste, mass scale exploitation and degradation of it's climate and ecology. They are dumbphuks but so are Chinese dictators. 1.4 billion aspirational, wealth-driven Chinese is too much for the Earth to bear. China's environmental footprint already takes-in much of the globe but fake 'leaders' like Scott Morrison are paid to not notice.

Our Collapse

Economically, it's going to go bad in Australia but we have an Aboriginal culture here that outlives them all. ATM we have a property boom but empty supermarket shelves and inventories. Look at this amazing quote from US fund manager Jeremy Grantham. 'crazy investor behaviour indicative of a late-stage bubble: meme stocks, a buying frenzy in electric-vehicle names, the rise of nonsensical cryptocurrencies such a dogecoin and multimillion-dollar prices for non-fungible tokens, or NFTs. This checklist for a super bubble running through its phases is now complete and the wild rumpus can begin at any time,'

In Liberal-run Australia, there is no planning, just endless crises immediately white-washed by the PR-driven government. 'Let her rip' eh, even the stockmarket? Australians have learned how to survive the insanity of their own elected government. Lets see whose DNA survives and whose is terminated in 2022 and beyond?