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Cake day: June 28th, 2023

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  • They are on borrowed time. Chinese economic growth is investment based and now they’ve built enough condos to house their entire (huge) population twice. This will ruin the value of houses, which is where ordinary Chinese have their savings. Coupled with their poorly thought out demographic policy this will cause an insane crisis as the life savings of elderly Chinese evaporate while they don’t have the working population to recover from this. There’s this guy Peter Zeihan on YouTube who explains it better than I can. He expects China to be done within a decade.

    I’m just wondering if they will attempt to invade Taiwan before that happens. They might not even be able to but with Xi completely out of touch with reality they might anyways