We’re hearing a lot of nonsense lately about how China’s economy is the envy of the world. Certain lefties in government and academia have been gushing about China’s construction boom, its railways, its airports, etc. But the real story of China is that it’s a house of cards, or a ticking time bomb. The banking system is as corrupt as the government, and the people seem to have no sense of responsibility or civility at all. The industry pollutes, sells counterfeit products, and tainted medicines. The workforce is slave labor. This is an apocalypse waiting to happen.
If you don’t believe it, you must review the link below, which describes China’s “ghost cities.” These are large cities being built with bank loans, but nobody occupies these cities. See: Chinese Ghost Cities from Business Insider.
The bottom line is that China is an immense lie.
And when China collapses we’re in for an ugly, wild ride since so much of our manufacturing business has been moved to China.