Tuesday, December 06, 2011

Chinese TV Host Says Regime Nearly Bankrupt

China’s economy has a reputation for being strong and prosperous, but according to a well-known Chinese television personality the country’s Gross Domestic Product is going in reverse.Larry Lang, chair professor of Finance at the Chinese University of Hong Kong, said in a lecture that he didn’t think was being recorded that the Chinese regime is in a serious economic crisis—on the brink of bankruptcy. In his memorable formulation: every province in China is Greece. 

The restrictions Lang placed on the Oct. 22 speech in Shenyang City, in northern China’s Liaoning Province, included no audio or video recording, and no media. He can be heard saying that people should not post his speech online, or “everyone will look bad,” in the audio that is now on Youtube.

I never thought about all that but it all makes sense. Anyway it is like North Korea the regime doesn't give a damn as long as the military prospers and is fat and happy as it is. The rest is a facade like the US. Only difference is in a so called Democracy we must divulge some of it to keep up our facade of a Democracy.

Factbox: Pentagon details China's military expansion :The Pentagon said on Wednesday that China was on track to forge a modern military by 2020, a rapid buildup that could be potentially destabilizing to the Asia-Pacific region. Its annual assessment to Congress on China flagged all the major concerns over its growing military might, including Beijing's widening edge over Taiwan.

It also noted cyber attacks in 2010 -- including on U.S. government computers -- that appear to have originated in China. Here are details from the report:

The Chinese are working on a stealth aircraft said to be years away but looked pretty advanced to me, building a base in the middle east and in the Gulf of Aden, and building their first Aircraft carrier as they unveiled a retrofitted Soviet carrier and announced a missile designed to sink aircraft carriers, they are also instigating around Asia with their Navy. They will get worse as we get closer to the way of the Roman Empire.

Cooperation between China Russia and the US is critical not just Russia but China too! Obama was right to say our ties will shape the future of the 21st century. The US and China are eying each other and moving very cautiously as they try to strike a balance. A few years back I began to view our relationship with China as the most important in the world.

Not because we drove each others economy but because if at the time with Bush's instigation to war with Russia China due to the fact of how our 2 economies are so intertwined that if something happened China would side with us not Russia. I never imagined that today problems between China and Japan let alone Vietnam would be the issue.

As we discussed there have been at least three cases of groups of Chinese military ships crossing through the area of Okinawa since November 2008, first 4 ships then 6 then 8 and now 10 including destroyers and submarines. That case appeared to be the first involving surfaced submarines. The group of 10 ships, including the submarines, was observed about 90 miles (140 kilometers) southwest of Okinawa in international waters.

Two missile destroyers and three frigate ships from the same group were spotted participating in a flight exercise of carrier-based helicopters April 7-9, the Defense Ministry's Joint Staff Office said in a statement The war ships were in international waters but close to Okinawa and Japan was not notified. That area as you may know has natural resources under the ocean and islands claimed by both Nations.

It is important that we stay in Okinawa as China plays a more important role in Asia and around the world as she gains strength militarily and economically as we just discussed. Remember our discussion on the importance of China and the US staying together to move successfully through the 21st century

We must maintain as much of the old world balance and order as we can to maintain a balance as we try to move progressively and successfully through the 21st century! I know of China and Japan's past, I know of the still ongoing Island disputes, the disagreement over natural gas in another area of the East China Sea, I also remember that with China's economic clout rising she took the number 3 seat on the world bank and we talk constantly that China is taking the leading role in Asia and Asia relations.

Being in a superior position puts one in a unique position of power and that power must be handled gracefully, with humility, responsibly, and not abused. That is something I taught all my sons and America under Bush did a lousy job of handling. I am a little worried that China too is getting a little too heavy handed and abusive with her new position of power and beginning to take what she wants instead of being content with what she has which is what I constantly lecture has to be the case if we are to have a future. The time when man and the planet could handle war and colonialism is over, period or else!

We are Taiwan's and Japan's protectors. As China flex's their military muscles in the area we are not supposed to worry. Just what are we supposed to think they are going to do with their advanced weaponry, missiles, stealth aircraft, aircraft carriers and the like. Their threats are going to become more ominous until they cannot be ignored and it is too late. We have been here before. The world was not supposed to worry as Hitler built his arsenal and we know how that turned out.

Not too long ago China was in North Korea reasserting their military ties and the fact that China would be there for North Korea. We know that North Korea starves and ignores its citizens while she builds one of the worlds largest militaries and instigates the west. China though for what its worth had me fooled.China makes us think she is a wealthy Nation but after reading the story in the above link it makes total sense that she is in trouble too.

We think China as being very wealthy with its vast military build up but I forgot something I repeat often right here. Europe their biggest market and the US are both hurting and since we are all tied together today that automatically means China is hurting too. China does a heck of a job hiding it but when you look at the vast military area she has rapidly had to invest in, in order to compete with the US who has had centuries to build theirs it all makes sense. I would like to know what you think about this.

James Joiner
Gardner, Ma


Ranch Chimp said...

Mornin Jim! Thanx for the story, as far as the YouTube vid, I couldnt find subtitles, and listening to that ying-yang shit, is annoying, I only speak english and some spanish. But China Bankruptcy? GOOD!, that way they can freeze up some on loaning us more money : ) ... one thing for sure ... wealth, bankrupt, or other- wise, they hold the largest portion of our debt now, we are very interdependent. But one of the thing's I wrote about in my past posting's on China, is the "catch- 22" sort of thing their caught in, and Why? they may be getting heavy handed, spyware, etc (only my opinion here) and why I picture them getting "hip/ keen" to what is happening, after all, their not dumb, and know damn well that the same mega corrupt capitalist's that have been fucking us is fucking them. I mean, this whole bloody trade network and related was all organized and planned year's ago by us and our affiliate's, the same one's that control our government. That's another reason why I am kind of pro- Chinese too, these global dictating power's/ banking institution's, need some large force like China to catch them in their scam's and light fire to their asses good! This is why I wrote about seeing big internal issue's to come in China, because alot of crooked folk's are raping that nation blind, and going to try to manipulate their bank's, currency, and every other goddamn thing they can, inclusing that stunt they pulled a couple year's back trying to buy up all the Chinese real estate, the metal's market's, etc, you name it. China is now drowning as the hottest investment's market on the globe and changing so bloody fast they dont know if their comin or goin, and there should be mega concern in my opinion from the Chinese government ... Why? because of all who are trying to financially "muscle" China and take them over. But enough from me Jim ... and Thanx for the read.

Demeur said...

I just wonder when the first domino is going to fall because we all know that the world financial structure is based on borrowed money and you can only borrow from Peter so many times then the bill comes due.

Demeur said...

I was listening to an Irish TV broadcast about the draconian cuts they are about to make. Their cuts start immediately. They are entirely focused on the poor and lower classes who can least afford it. Merry Christmas Ireland from your government.

If you haven't already check out some of the live stream broadcasts from the Occupy movement. This is news that isn't making it to our shores. It's great to converse with the people of the world through this new medium and get a real perspective on things.

an average patriot said...

RC we are intimidated by China's perceived military and economic strength but I have to wonder if we are giving China too much credit.

We have been watching China clamping down on any sign of disquiet in fear of being hit with their own Arab spring.

It is not for economic hardships though they are being hit with them now because they are losing jobs and industries with us hurting but it is the environment which has finally pissed off the people.

They are up in arms and have hit the internet. The air is worse than it has ever been and masks do not even work.

an average patriot said...

Demeur I am realizing that the whole world as we know it is a facade. What the hell is going to be the end result is anyone's guess.

an average patriot said...

Demeur all of the EU is being hit and I finally heard reference to it from an OWS demonstrator. Look at this Ratings agency threatens mass eurozone downgrade | European Voice

Ranch Chimp said...

No Jim, I dont think we gave them too much credit, I think they give us too much $$credit$$ (humour : ) ... but all caca aside, they need us more than they may realize to an extent, after all, are we not what made China today what it is? Just think if they were in the era of 50 year's ago today, where would they stand in the world? : )

an average patriot said...

exactly right RC. I must admit though that I was a bit surprised and taken aback to hear Obama put the Chinese in their place saying Asia was our new priority and we would defend our and our allies interest.

It has always bothered me that we made China and paid for the weapons that will be used on us.

Demeur said...

"we made China and paid for the weapons that will be used on us."

Isn't that always the case Jim? Let me see Iran, Iraq come to mind just off the top of my head. And now we have Afghanistan. Just hope we don't train them that well.

an average patriot said...

No kidding Demeur! It just never fails and drives me shithouse.