Very poetic!
I am not sophisticated like you or
@TaiShang, it's just common sense to know how hilarious is this recent wave of China bashing by blowing one sector (corporate) of domestic credit market out of proportion, hyping another base-less China collapse story, while the BIS, IMF, NYT, Bloomberg, Washington Post are all silent on sky-rocketing US national debt, external liabilities.
But for how long can they be silent?
You may have seen the physics experiment in school where the students build a small pyramid of sand. Then they add one grain at a time. Eventually, one additional grain of sand collapses the pyramid.
From the beginning of US to the year 2000, that’s more than 200 years, the total accumulated Federal debt was $5.7 trillion. The debt has now grown to an amazing $19.5 trillion, a 242% increase in 16 years.
Former budget director under President Reagan, David Stockman, wrote these:
The puppet politicians in Washington D.C. have only done what their “invisible government” puppeteers have instructed them to do. They don’t answer to the voters or their local constituents. They answer to Wall Street bankers, the military industrial complex, mega-corporation CEOs, and shadowy billionaire oligarchs who fund their corrupt existence.
These feckless politician hacks could never have added $13.8 trillion to the national debt in the last sixteen years and run the country’s unfunded welfare liabilities to $200 trillion without the Wall Street controlled privately owned Federal Reserve manning the printing presses and manipulating interest rates to enrich their “invisible government” benefactors.
They have inflated away 97% of the dollar’s purchasing power since their shadowy creation in 1913. They are single biggest reason real wages have not advanced since 1971. They are the reason the top 0.1% now have the highest percentage of the national wealth since 1929.
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Luckily, the Fed and Wall Street concocted a scheme whereby Wall Street used the free money provided by the Fed to buy up millions of foreclosed homes at fire sale prices and rent them back to the poor schlubs who had been recently evicted by the very same Wall Street banks. The engineered shortage of home inventory led to soaring rent costs for everyone. This is called winning by the establishment.
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Reducing interest rates to 0% again benefited those with the most debt: Wall Street banks, mega-corporations, and the U.S. government. It destroyed the finances of senior citizens living off their savings, penalized people for saving, and incentivized heavily indebted consumers to borrow more.
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How did allowing Wall Street banks to borrow at 0% so they could charge consumers 15% on credit card balances and 6% on auto loans benefit consumers? Did the government enslaving young people in $1.3 trillion of student loan debt with only low paying service jobs available at graduation, benefit anyone other than for profit diploma mills?
http://davidstockmanscontracorner.com/more-warnings-history-is-on-a-speed-dial/
Figure out for yourself.
My brother,
I have seen all my life...this wierd, sick hatred of my beloved China and Chinese Civilisation...and yet...there are more blossoms on the peach tree...every year.
It is the
Way...that has been my anchor and my strength....If as an older brother I can reqest you...please do read and
never try to understand the
Way...
The total debt of the empire of chaos is far more than you qoute..we know... Patience and forbearance...you have read the Chinese classics... remember what came of Sun Wukong...
The corporate debt, combined with this sick ECB, bank of japan and Feds buying the stocks to prop up the market...exporting their poverty to the rest of world.... we know...the game is fixed. BIS might be the central bank of central banks...but it is just the front of the empire.
Just to give you positive perspective... Chinese laboured ...and laboured ... and sold billions of T-shirts just to buy one boeing aircraft..which the empire bugged...then the Chinese brothers dismanteled that Presidential boeing to demonstrate the Spirit of The Dragon...
When you wrote about buying an appratment for your child... without mentioning to you, I felt a deep Pride...which we only can feel....
Our Date is with Destiny...The
Way is our guide in times of hardship and abundance....
Mark my words... before I attain the Eternal Harmony... the Summer Palace shall be rebuilt...
@TaiShang is a wise young man... we just must stop defending our discourse and focus on what needs to be done...alll else is noise and distraction.
Just to cheer you up... the total saving of the hard working Chinese household is bigger than the combined economy of the US, Jap and indians..who are thinking about containting China!!!
First the Waters..then the mountains...
@TaiShang understands what I mean.
There was a Chinese writer in the Mao time...who wrote about the death of his son...
Today, he is gone away chasing butterflies...
To this day... I mourn my brother's son...
SCS is safe and free... ECS is about to join the People... financial OBOR is moving forward as planned...2025 is around the corner... second phase of development is about to begin... we must move forward!
@AndrewJin is ready to buy his drone...which is the most important thing of all in Geopolitics of Earth.
Therefore, we are in a good place..without hurbis, arrogance or fake sense of superiority...China is becoming China everday..which is a beatutiful sight to behold!
.
