The economy that is collapsing is not China, but the USA on all counts

If you believe the anti-China bots on social media, everything in China is collapsing. I think they are barking up the wrong tree and making a fool of themselves. The economy that is collapsing is not China, but the USA on all counts. Things built on solid manufacturing ground do not collapse. Things built on hype and money printing from thin air will soon collapse.

Of course, one social media is famous for talking about China's tofu bridges and houses collapsing, EVs on fire all over China, jobless and homeless people living on the pavements. What is ridiculous is that those are from people who never set foot in China, while those who visited, worked and lived in China are saying exactly the opposite. Who do we believe? Those in absentia or those on the ground? Take your pick.

There are plenty of news about USA buildings built on tofu bases that are sinking, so do not assume that laughing first is going to win. He who laughs last laughs best, so they say.

Imagine a debtor buying back its own debt. Can this really be possible. How come Japan did not do it after chalking up debt more that are 250% of its annual GDP. Japan could have mitigated its position by selling its Treasury holdings of more than a trillion. But Japan's testicles, or boobs now, are squeezed tightly by the USA, unable to move as a result of the pain. That is the price to pay for being a close friend of the USA. The closer the friendship, the tighter is the squeeze. China has no such inhibitions, selling its Treasuries like hot cakes now and then.


Anonymous