China’s economic structure is getting increasingly unsustainable. Several indicators show that the world’s second-largest economy is standing on very shaky ground right now. A major meltdown is already in motion after the collapse of the country’s second-largest property developer Evergrande, whose shares collapsed by 80% on Monday.
But Evergrande’s bankruptcy is just one aspect of the historic crisis gripping the Eastern economic superpower. China’s growth is falling, production levels are rapidly declining, and dropping trading volumes suggest that economic activity is grinding to a halt. The pandemic recovery officials were expecting hasn’t materialized yet. Instead, new data suggests that it will take years before the economy gets back on its feet.
Even though many experts predicted that the Chinese economy would soon eclipse the American economy and replace the U.S. as the global hegemon, today, they say that when and if that scenario comes to fruition, it will be mostly due to our domestic policy failures rather than China’s success. The mistakes of our leaders may have given our adversaries in Beijing some leverage in the global market. However, the deleterious policies of the Chinese Communist Party have been destroying businesses, causing record unemployment, and stirring social unrest all over the nation.
With people’s purchasing power being squeezed, consumer prices are dropping for the first time in several years as demand continues to fall. While inflation is a major concern of the Federal Reserve, the People’s Bank of China is currently dealing with the opposite problem. Deflation – the trend of crashing prices throughout the economy – presents a particular threat to the Chinese economy, which carries a massive amount of debt. David Dollar, a senior fellow at the Brookings Institute’s China Center, explains that deflation means the real value of debt goes up.
Although inflation is certainly bad for any economy, it does help manage debt burdens over time. But deflation actually does the opposite. The crisis helps to explain China’s weak second-quarter GDP, which came in lower than expected at 6.3%.
The party’s corruption is eviscerating the private sector and putting the financial market in great danger as elitists take control of the system to obtain more and more wealth. Their goal of having absolute power is deteriorating the health of the population and the economy. Recent figures add to the anxiety that cascading failures will completely break down the Chinese economy. Earlier this year, JPMorgan’s analysts predicted that China risks a 1990-style “Japanification” if officials fail to address the housing market crash, financial imbalances, and aging demographics.
From an unstable economy to a debt-ridden property market to anti-business policies and demographic imbalances, Beijing is buried in problems right now. State officials must come up with better strategies than hiding negative information if they want to save the Chinese economy from the ongoing meltdown. The economic superpower is losing its strength and in danger of falling apart just as Japan did in 1990.
But if China goes down, the entire world will suffer repercussions. That outcome could push us into one of the biggest economic and financial crises in history, and the consequences of it will be absolutely destructive for the global market. In this video, we identified 10 signs that prove that China is in deep trouble as economic and social stability continues to erode across the country. So keep tuned until the end to understand what’s behind the downfall of the Chinese empire.
Here’s the list from the video above:
- The property market is in shambles: One of the biggest drag downs for the Chinese economy in 2023 was the implosion of the nation’s $42.7 trillion property market.
- The middle class is dying out faster than anyone anticipated.
- Deflation is reaching crisis levels in 2023.
- Debt-based growth is putting the country at risk.
- Export volumes are falling off a cliff.
- The Chinese government is killing private companies.
- Unemployment is rampant.
- China’s aging population is posing significant threats to economic and social stability.
- The lack of transparency is keeping the population and businesses in the dark.
- Worsening living conditions are exacerbating social unrest.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
