China’s Social / Economic Implosion Will Be Devastating and We in The US Will Suffer Greatly
SEP 20, 2023
For some time now I have been writing articles talking about how China will stop sending us their cheap stuff and how it will affect the US economy as well as you the individual.
If you think that China’s implosion will not affect you, then you need to understand that metaphorically speaking, you are on a speeding train headed straight for a solid wall and the train is not going to win.
China is collapsing and the Chinese have concealed this so well, that the world is finally waking up to this shocking news.
When you look at China from a domestic or international point of view, the Chinese system is riddled with issues that are becoming increasingly evident.
Between economic issues, a crumbling political system, diminishing demographics, and a long list of other problems, China’s collapse should no longer surprise anyone.
To bring you up to speed, here is what is going on in China…
Xi Jinping Has Taken “The Cult of Personality” To a Whole New Playing Level
Xi Jinping has gutted the political system of ANYONE who could or would possibly rise up and run against him or become some sort of anti-Xi Jinping voice.
This is a three-fold problem…
First – anyone who had the knowledge of what is going on that could help the Chinese people have been terminated.
Second – everyone who is left is scared to literal death to bring any sort of news, good or bad, to Xi Jinping for fear of their lives being terminated by Xi Jinping for even speaking up.
Third – because everyone is dead, there isn’t any information that is being collected on what is truly going on in China, again for fear that it any information good or bad will upset Xi Jinping, and they would be terminated.
So, thanks to Xi Jinping, there isn’t anyone even in place to take over for this guy if he would suddenly croak or even if there was an internal revolution. Xi has killed anyone and everyone who could oppose him.
China’s One Child Policy Has Caught Up and They Do Not Have The Workers
The one-child policy was a population planning initiative in China implemented between 1979 and 2015 to curb the country’s population growth by restricting many families to a single child.
This in turn has now turned-on China and they now have the largest elderly population on earth and the smallest working age population.
In fact, it has recently come out that the census bureau in China has admitted that they over counted this demographic by 100 million people. That means 100 million people less than they first thought.
It was known that China’s younger population was smaller than expected, but this gross oversight has made this problem even worse.
But that is not all, the birthrate in China has dropped to 70% since 2017. This is the fastest drop in birthrate in recorded history…ever.
What this boils down to is that there are not enough people coming into the business / work sector to create goods and services that the Chinese people need, let alone what they wish to export to other countries.
This has taken such a bad turn that there are not enough people in China to support economic consumption to the level that they require to maintain their economy.
Already corporations are hustling to find other sources of workers and factories to take up the slack of China not producing as much as they were.
And the problem is this, because the world has depended on China for all these cheap Chinese goods for so long, there are very few factories and skilled workers to take up that slack.
What I am saying is that there could come a day in our very near future where shipments of cheap Chinese stuff just come to a halt.
China’s Economy is at Least Ten Times Worse Than Ours and Imploding Fast
Because of all the global noise about shutdowns, covid, lock ins, massive supply chain issues, wars and potential wars, no body has really been paying attention to what is really going on in China and what we are now realizing is that China’s economy is far worse than what we are dealing with here in the US.
In fact, it has only been within these last few months that this news had cut through all the clutter and noise that has been happening globally that we have finally started to pay attention to what is really going on in China.
Their housing market has all but imploded. When there are not enough up and coming families buying homes, then the housing market stops. Just in case you do not know, housing is a major driving force in any economy and its fingers stretch far with all that goes into building a single-family home.
Like the housing industry, their auto industry has also imploded. Yes China has the cheapest EV vehicles out there, but already support and spare parts are becoming slim not only in the Chinese economy, but with countries that have imported these vehicles.
Like with housing, there just isn’t enough demand to drive production of vehicles. The auto industry is another far reaching economic driver in an economy.
Remember the old saying “What’s good for GM is good for America?”
Well, kind of the same goes over there in China and their auto industry.
With both home and automotive industries being severely affected and just not enough of the population to drive production of both, it is literally killing the economy to the point that many are now saying that China is on the verge of a full-blown economic depression.
It has now become quite clear that China’s system is breaking down and the demographic collapse that I mentioned above is not correctable. There are literally not enough people under the age of forty to even try.
Because of this, we are now finally realizing that China has a serious problem of even being industrially competitive in the global arena… AND the world has become so addicted to their cheap Chinese stuff.
Like it or not, companies are finally coming to the realization that it is costing companies more money to have China build their stuff because the once cheap work force to do the job is no longer there.
AND… we are as a nation China’s largest economic trade partner.
So are you starting to get the big picture here and understand why I have been saying that sooner more than later that we should expect China to stop shipping us their products?
NOW…. Couple that with the Biden administration which is the most protectionist administration in the United States has had at least in a century far, more so than former President Donald Trump.
The Biden Administration has China is over a barrel, and you can now see how cheap Chinese stuff suddenly stops coming over from China. I mean why trade with folks who have made it increasingly difficult to even do business with you?
Wouldn’t it be easier to do business with friends vs those who have you over the barrel?
And This is Where BRICS Comes Into Play
The Chinese are getting hit from every angle. The chairman is paranoid, and he has purged everyone that could stand up against him. It’s an open question whether he can even become aware in a reasonable amount of time that something is even wrong.
This has been coming for a long time coming but because of all the noise we missed a lot of the signals in the last five years of just how quickly China’s collapse was coming.
I think this is one of the reasons why China has been pushing for BRICS and adding to the nations in the BRICS alliance.
China realizes that sooner or later they are going to have to replace the US as their number one trade partner for cheap Chinese stuff and find other markets and fast.
I mean it is only common sense that one would rather trade with people who are “friends” vs people who are hostile towards you and have you over a barrel… right?
And that is where BRICS comes into play.
Let me put it to you this way.
It means that…
1 – The BRICS nations combined will have more money and stronger economic health vs. the U.S.
2 – The BRICS nations combined will have more people, at an 11 to 1 ratio, purchasing goods and services vs. that of the U.S.
The U.S. has been the strongest economy with the most purchasing power globally.
Now with the BRICS Alliance coming together, not only do they beat the U.S. in economic health, but they will also beat us with the number of people who will buy goods and such, aka purchasing power.
This, in turn, will SEVERLY knock the U.S. out of that dominant purchasing power position.
So here is the big question…
What is Going To Happen When The US Can’t Get Their Chinese Stuff Anymore?
Bluntly stated, it puts us, The US out in the cold.
Not only is China not purchasing from the U.S., but many of the other BRICS countries are also following suit and canceling purchasing contracts as well.
All the while, the U.S. is still purchasing cheap Chinese goods from China and other BRICS nations.
That is a massive trade imbalance.
This also creates a HUGE ADDICTION to Chinese / BRICS-made imports.
And addictions can be leveraged; ask that heroin addict who needs that cheap fix.
People with addictions will do almost anything to ensure they get their cheap fix.
The question is, are you addicted to all this cheap Chinese / BRICS-made junk?
What would you do if you couldn’t get these Chinese / BRICS-made things anymore?
Have you reviewed your home and looked at all the “MADE IN” labels?
I am betting that 70% – 80% or more of the goods in your home are Chinese / BRICS-made imports.
Here is the big question, and people do not realize it is coming…
What will you do when you can’t get Chinese / BRICS-made products, OR…. you will have to pay
outrageous prices for said items?
Source: Raymond Mhor
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