No they can't... Their economy has been in a recession since 2018, whatever US reserves they had accumulated since early 2000s got spent defending the offshore yuan, they don't float the RMB. They have been running to stand still for a few years now, and they can no longer pull the borrowing scams they used to do before Q2 2019. The onlyyyy thing keeping them alive, is Rockefeller and the boys. Larry Fink and the eugenics are blowing up pension funds and European/American banks to keep China from collapsing. I'm pretty sure Japanese banks drastically slowed down the borrowing to their corporate sector. Remember the new scam of the Fed, which is headed by Powell, who is very close to Rubenstein... Rubenstein is on the board of the WEF, the creators of the "great reset". Powell is controlled by the established order, and he's put a system where big American banks can swap their shit bonds or bonds about to be wiped out as collateral for "loans" from the fed, so JPM & Co can keep "investing" in China. When those bonds become worthless, the Fed eats it and wall street still gets paid. There is a very clear effort to prop up the Chinese Economy, and it's coming from the US/EU. Calpers is pretty invested in China, and the returns are horrible, why would the biggest Pension Fund in California be so invested in China? Because the eugenics control the guy who controls Calpers.
Before middle of 2019, China would put up bogus AAA bonds or AAA assets as collateral, that got rated from corrupt rating agencies, get dollar loans and interest reflective of secure collateral. Baoshang bank haircuts happen, and the world wakes up to the fugazi... In China, they all use each other as collateral on top of that, cross collateral is extremely common for companies and business men in China. After baoshang and the other banks were starting to go under, and corporate bonds collateral being exposed as junk, it became clear to anyone paying attention that this country was dead men walking.
Companies don't make money in China, every single company besides Financial Ant, Tencent and Baidu lose money in order to be in business... There's a reason inflation ran so high in China, salaries and cost of life are way higher in China then Vietnam but still price exports are cheaper then elsewhere in Asia. They subsidize consumption in order to get US dollars, once US dollars enter China it goes to the government to buy imports, they then give yuan's to the exporter and he pays salaries, rent, etc, locally in yuan's. That company then borrows locally in money markets to meet the loss they incured. They constantly have to print more and more, just to meet repaying demands. I'm not even gonna talk about the forward swaps they engage at the PBOC for USD, because I don't know the magnitude but it's likely substantial as well.
US has a Price to Income ratio in real estate at 4 and Mortgage as percent of income around 30%... China has a price to Income of 29, only because 80% of the country is absolutely backwards, the Tier 1s are all in the 40s. Mortgage as percent of income is 232% for China, which defies any economic logic, in Tier 1s, it's well above 300%. There's no way anybody that understands the facts can say the US will collapse before China. The communists go first, then the US collapses after them. The welfare state supporters will have completely wrecked the US by the next decade, but how long can the Fed keep China on life support? I don't think they can run the centralized economic non sense more then a few more years, even with the established order furiously helping them. There's just not enough money in the world to support to this insane ponzi scheme.
Before middle of 2019, China would put up bogus AAA bonds or AAA assets as collateral, that got rated from corrupt rating agencies, get dollar loans and interest reflective of secure collateral. Baoshang bank haircuts happen, and the world wakes up to the fugazi... In China, they all use each other as collateral on top of that, cross collateral is extremely common for companies and business men in China. After baoshang and the other banks were starting to go under, and corporate bonds collateral being exposed as junk, it became clear to anyone paying attention that this country was dead men walking.
Companies don't make money in China, every single company besides Financial Ant, Tencent and Baidu lose money in order to be in business... There's a reason inflation ran so high in China, salaries and cost of life are way higher in China then Vietnam but still price exports are cheaper then elsewhere in Asia. They subsidize consumption in order to get US dollars, once US dollars enter China it goes to the government to buy imports, they then give yuan's to the exporter and he pays salaries, rent, etc, locally in yuan's. That company then borrows locally in money markets to meet the loss they incured. They constantly have to print more and more, just to meet repaying demands. I'm not even gonna talk about the forward swaps they engage at the PBOC for USD, because I don't know the magnitude but it's likely substantial as well.
US has a Price to Income ratio in real estate at 4 and Mortgage as percent of income around 30%... China has a price to Income of 29, only because 80% of the country is absolutely backwards, the Tier 1s are all in the 40s. Mortgage as percent of income is 232% for China, which defies any economic logic, in Tier 1s, it's well above 300%. There's no way anybody that understands the facts can say the US will collapse before China. The communists go first, then the US collapses after them. The welfare state supporters will have completely wrecked the US by the next decade, but how long can the Fed keep China on life support? I don't think they can run the centralized economic non sense more then a few more years, even with the established order furiously helping them. There's just not enough money in the world to support to this insane ponzi scheme.
