What's Up With China ???

Chinese proverb: "Whoever gets mixed up with garbage will be eaten by pigs."

Here are some great observations from Charles Hugh Smith:

President Xi grasped what the clueless Federal Reserve and other western central banks have not: Either pop the bubble when you still have some control over it or let it expand and pop when you've lost all control.

In systems terms, when risk and fragility reach unstable levels in tightly-bound systems, there's no controlling the supernova-like implosion of the system.

Xi observed the skyrocketing power of Big Tech, moral-hazard-incentivized financiers and cryptocurrencies and concluded that the state must move decisively to crush these rivals, regardless of cost. This separates China from the American state, which is incapable of enforcing any sacrifices, limits or costs on the parasitic elite which dominates its economy and political order.

Source - https://charleshughsmith.blogspot.com/2021/09/whats-really-going-on-in-china.html

He's right, and when our bubble bursts it will have cataclysmic results.