China Isn’t the Threat We Think It Is…

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I actually had to go look it up because I forgot. I haven’t seen the Wizard of Oz since I was a kid. I’m usually pretty good at remembering all the stuff with movies, but I couldn’t remember exactly who exposed the man behind the curtain, the Wizard of Oz, and it was Toto. So I have been doing Toto’s work when it comes to China for a very long period of time. And it keeps adding up. These are all CI told you sos.

China’s, the whole facade, I talked about the Wizard of Oz, the man behind the curtain, China’s mighty powerful, it’s gonna grow, it’s gonna take over the world, we should all fear it. Oh, what if they do a reserve currency with all of these other weak countries? And I’m like, really? And I see some of these things and these stories that they put out there to frighten the folks on television.

something in your water will kill you, more news at 11, that type of stuff, which they’d done with China for a very long period of time. And it was just absolutely ridiculous to me. Because you take a look at the numbers that they would be putting out for years and years and years, and you know, anybody would have a brain knew that this was not realistic. Or just, you know, most recently talking about, I am going to get together with the BRICS countries, they’re going to do an alternative currency to the dollar. And I’m like, that is not going.

to happen. No country with you don’t even half a brain, quarter of a brain is going to say, hey, yeah, we’re going to use a default currency. We’re going to align with China. It doesn’t even sign even a free floating currency, but neither here nor there. Anyway, the whole the whole China story is going backwards. Back in the 60s and 70s, you had Mao Tse

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programs, cultural revolution, all of this stuff that was a disaster for the country. They took a turn. Nixon, oh, propped open a door in the 1980s, their economy started to grow. Basically, their share of the global economy was below 2% in 1980. It grew to 18.4% in 2021.

And it’s true that no country has ever risen so far so fast. Again, that’s been reversing. That has been reversing and actually the country’s gone backwards big time. It’s now down to 17%. And that’s the largest drop that they’ve had since the 1960s. Now, let me put this into perspective. The world economy as a whole.

is growing between 2022, 2023, around $8 trillion. The world economy as a whole is growing. China’s supposed to be this growth economy. Their economy is getting bigger. You wanna know who grabbed 45% of that additional GDP growth? We did. We did, we accounted for 45% in the other emerging nations.

It counted for a little over 50%. Does that sound like a country that’s putting its best foot forward? That is going to be a real threat? Again, command and control does not work. It fails every single time. And here again, you got China’s property sector needing more government support as crisis deepens. No, that’s the last thing that China’s property sector needs. Again, this is

moronic journalists here in the United States. This is off CNBC for crying out loud. What do you think got them in this situation? The government got them in this situation, subsidizing the property sector, getting involved where they shouldn’t get involved. Hey, same problems here. Why do you think we have such a problem with student loan debt? Government. Why do you think we have such a problem with healthcare? Oh, well, it’s Obamacare, the government getting more and more.

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involved and these are the areas are going to fail. Now China based its almost entire economy domestic economy based upon the value of property and how the various different municipalities throughout the entire country they wouldn’t charge taxes they would sell off property to people and that’s how they raised revenue and people invested in this thinking that it was going to go up and up forever well that doesn’t happen and it’s collapsing.

and their demographics are collapsing. So again, the idea, and again, this is CNBC putting this forward that the government needs to step in. No, the government needs to step away. There’s nothing you can do. There’s nothing you do. You have to let the entire market reset. And there’s gonna be pain involved. We went through this during the Great Recession.

where everybody and their mothers, ah yeah, I’m gonna own two, three, four pre-construction condos and flip them. And I can’t tell you how many people, I’m like, don’t do it, don’t do it. Don’t, and you know what the worst part was? Is that if they did it one time successfully, they got in, started flipping stuff early, then all of a sudden they thought that they were like the greatest real estate investor of all time. Oh, we all know people who did this.

and then ended up becoming broke, busted and disgusted with the entire venture? Yeah. Well, again, China is going to have to deal with the pain in regards to this. And again, the United States, if we’re smart, what you try to do, okay, is you see an opening here.

You see an opening because there’s weakness here, not where you’re trying to destroy a country, whatever it may be. You look to obviously get them to change the way they’re doing things. Because again, you don’t wanna have confrontation with this country by any stretch of the mesh. Nobody wants that. And again, this is a country and make no bones about it. I don’t care what they’re telling you on TV is weakening and weakening quickly. Watchdog on wallstreet.com.