HomeGlobalismChina Already COLLAPSED!! You Just Haven’t Seen It Yet…
China Already COLLAPSED!! You Just Haven’t Seen It Yet…
July 6, 2022
It’s no secret that China’s economy is collapsing as I speak. China is implementing the strictest COVID lockdown in history, but that’s just the tip of the iceberg. Housing sales are crashing, the stock market is tumbling, the Chinese yuan is being devalued, social unrest is erupting, and the credit market is falling apart.
China’s economic failure isn’t just a typical recession. It’s the biggest property downturn in history and a serious threat to the global economy.
Every economy relies on the consumer to drive economic growth. China’s consumers are in the worst position in history, and I’m not exaggerating when I say that. China’s consumer confidence index is currently the lowest it’s been in the history of the index, which dates all the way back to 1991.
The reason why this is extremely concerning is because it creates a terrifying feedback loop. One man’s spending is another man’s income. If consumers are not spending money on goods, then consumers are also not going to receive income.
For instance an employee working for Didi spending less money on Alibaba.com will lead to less profits for Alibaba. This causes employees of Alibaba to be laid off or see their salaries be cut. The result of that is less money spent on another company’s products, which only lowers income even more.