Corporate America would seem to be either ignorant or intellectually compromised as we watch the Communist Leaders in America destroy livelihoods, businesses, and lives. Without money, without a middle class, who is going to buy their products? Ultimately, those corporations will also be absorbed as is the classic Communist Protocol through nationalization. Corporate America will thus be owned by a select few. Executives will become nonessential and gluttonous buffoons. But everyone believes they will be a part of The Club – the elite, because that illusion fits the means to the end…
‘China is gaining traction when the US cripples production with lockdowns’ – so the headlines read But in reality China loses traction when the US cripples businesses and purchasing power tanks. The US still remains China’s largest export partner, without the US China stands to revert to levels from 2000, 20 years ago.
But numbers are difficult to come by in the illusionary world of China. Differentials report skews of as much as 200%. Statistics become only as good as the base numbers being real. Which is why Science is also an illusion!
In 2018, the US trade deficit with China peaked at $418.9 billion. As Trump’s trade tariffs began to take hook, by the end of 2019 the deficit had fallen to $345.2 billion on par with 2014. Significant! And that was unacceptable. Thus democrats were told to enforce business closures to devastate production via a propagandized pandemic. Surely this ply would help China achieve its goal of being #1! At least that is what they were told.
US trade deficit with the EU is also down to 2014 levels. During Obama’s reign, exports to the EU remained relatively constant, but imports rose dramatically, rising nearly 50%. The lockdowns have collapsed much of that.
US Trade with China in 2020 is running about 55% of committed levels for both imports and exports, according to the Peterson Institute.
While China is reporting record trade – the numbers bely that classic – China False Narrative. Lockdowns have not only hurt US exports, but imports as well. And while retailers face losing a massive portion of their sales as holiday lockdowns are escalated, those retailers are large – and small and many were buying their products from – China.
Capitalism pulled China out of its worst poverty, and instituting a global lockdown will only serve to exasperate a global meltdown. For all China’s illogic in imposing a Deep State agenda, they failed to understand that they would also become victimized. Production is only as good as a market buyer. How much inventory is China now sitting on without a buyer?
Today China is boasting that it shipped $268 billion worth of goods to foreign markets, the largest since early 2018. Assuming the mythical numbers parlayed by China, who was buying?
Apparently, while trade has decreased significantly with most countries, China claims their trade expansion in November was due to increased demand in ASEAN countries. Those countries would include: Singapore, Malaysia, Brunei, Philippines, Vietnam, Indonesia, Thailand, Laos, Myanmar and Cambodia.
Vietnam trade with China typically produces an annual deficit of $30 billion. This year, that trade increased by $3 billion adding 3% to trade and 10% to their deficit. While these ASEAN countries have always been trading partners, absorbing the US is quite another thing. US import value for China goods is roughly $540 billion annually. Comparatively, these ASEAN countries contribute on a low end millions, to a high end of $85 billion. Putting China – in the twallette relatively quickly.
The real China story isn’t their GDP or their trade – it is their GDP per person. Lagging significantly behind developed countries, China stands at roughly $10,200 or less than 1/6 of the US. Behind the proud CCP party is poverty. Media parlays the lack of income inequality in China while evading the obvious – poverty. Their ego was fed, their pathological lying was ignored, and a global shrinking was embraced. Twenty years ago China’s GDP per person stood at just $1000.
While the Bernie Sanders of the world like to claim China elevated 600,000 people out of poverty, it bears a looksee what that means. China measures poverty by those living on less than $1.90 per day which equates to $352 – per YEAR!
Is that the ‘basic guaranteed income the New Green Deal Communists propose for the US?
Given the US quality of living index states the US is roughly 25% more expensive, that would correlate to a person in the US living on less than $2.37 per day. At the high end of New York it would correlate to someone living on $2.68 per day. A correlation that does NOT exist.
But the media lavishes praise on China for reducing poverty from 88% to .7%. The ‘success’ of this reduction can be attributed to two distinct means 1. The US trade, and 2. Capitalism.
However, when measured upward to a poverty line of $5.50 ‘per day’ – the poverty rate rises sharply to over 27%. That would translate to a poverty rate in the US of $1750 per year. Today, the poverty line in the US is $12,760 per year per person or 730% higher than China.
Xi Jinping is aware of this reality vs illusion and constantly reiterates a desire to renegotiate trade with the US before their economy completely cracks while attempting to diligently hold to his ‘EGO’. China was played by the Deep State – and that revelation is only just beginning to be understood by the CCP.
If China overtakes the US in total GDP it is meaningless unless the GDP per person increases six fold. That can be achieved by either mass depopulation of China – 78%, or a take over of other countries so as to absorb their GDP while eliminating their population. Neither of these events is feasible.
Eliminating the US only means an even greater spiral for China given the US literally supports China’s growth and current level of GDP. While the Deep State likely fed China mythical projections, at some point Xi Jinping needs a wakeup call!
In other words – China got conned.
They can even take over Africa while slaughtering their civilians – and the resultant impact will have little effect or impact – because if the US isn’t buying China loses. If countries across the globe are in lockdown and income is diminishing – China loses. If Gates depopulates the US – consumers are gone and – China loses. China got fed a line by the Snake Oil salesman. They were allowed to steal US scientific research, US weapons research, intellectual property, and they thought they were winning. These things were a distraction to keep China puppeted.
In the end, China may come to realize that President Trump was actually the least of their problems. Trump wanted fairness, Jinping chose the Deep State and got The Swamp.