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Baba Beijing tames the debt dragon. Western capitalism can’t. China Rising Radio Sinoland 180527

Jeff J. Brown
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Westerners’ unwillingness to stop putting capitalism on its rose-colored, idealized, fantasy pedestal, like it is a perfected dogma or religion that can’t be questioned, while ideologically refusing to honestly interpret China’s 180-degree communist-socialist differences, are brainwashed habits that are hard to change.
Source article with all the images and hyperlinks: chinarising.puntopress.com/2018/05/24/baba-beijing-tames-the-debt-dragon-western-capitalism-cant-china-rising-radio-sinoland-180527/
Much more at www.chinarising.puntopress.com, chinarising.puntopress.com/2017/05/19/the-china-trilogy/ and apps.monk.ee/tyrion

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27 май 2018

Jeff J. BrownChinaBaba BeijingDebtXi JinpingCapitalismSocialismCommunismEuranglolandFinancial Times19th Party CongressPovertyEnvironmentBanksFinancial SectorShenzhenCPCDerivative DebtShadow BankingHeavenly MandateDemocracyHillary ClintonElitesDavid StockmanPaul KrugmanJoseph StiglitzKarl MarxVladimir LeninMao ZedongDeng XiaopingJiang ZeminHu JintaoLeverageDeleverageTSFTotal Social FinancingGDP1%99%

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Комментарии 39
Tristan X
Tristan X 24 дня назад
Feel free to use "EURUSANGLO LAND" (EURope + US of A + ANGLO-saxon)
Jeff J. Brown
Jeff J. Brown 19 дней назад
Nice one!
John Dam
John Dam 27 дней назад
Quote from australia foreign minister "China is not a democracy, therefore China economic cannot rise above the western countries standard". This is the view of a minister in the year 2018. Imagine how a typical western white people perception on China. The bulk of western reporters attacking China never visited China. All western countries politicians believes Xi Jinping became president unelected. Every days there always a few articles from western media predicted China will collapse under massive debts sinse year 2000.
Tekhelet75
Tekhelet75 Месяц назад
Jeff, wonder if you’d consider discussing the notion that investor Mr. Jim Rogers in his recent interview with Madam Tian Wei of CGTN, at the St. Petersburg International Forum, kept saying that China should open up more. We know China will never close up and always continue reforming but what’s this about Rogers saying China should open up more? I don’t think it will be in China’s interests to have rushed, rapid opening up just for the sake of money. The CPC has to be careful too. Just wondered if you have any thoughts as to such topics. Thanks.
Tekhelet75
Tekhelet75 Месяц назад
Hey Jeff, could you increase the audio level or quality? It sounds kind of soft in my side.
Jeff J. Brown
Jeff J. Brown Месяц назад
Really? I've got a studio quality Rode mic. I'll test the volume a few times before I start the next one. Thanks.
jetfightercn
jetfightercn Месяц назад
Hi Jeff, do you have a twitter account? we can share and retweet your content!
Jeff J. Brown
Jeff J. Brown Месяц назад
Yes I do, jetfightercn. It is @44_Days. Many thanks and on with the good fight.
jetfightercn
jetfightercn Месяц назад
Again, well said.
twaters57
twaters57 Месяц назад
US has a debt of 21 trillion and unfunded liabilities of 200 trillion. That's 221 trillion of debt. The US will continue to create money out of thin air until the dollar collapses but who knows when that will be.
Jeff J. Brown
Jeff J. Brown Месяц назад
That's good news. I should still be alive then!
Tekhelet75
Tekhelet75 Месяц назад
Jeff J. Brown unlikely to take decades. Let’s look at around year 2023 to 2025 until things stabilise.
Jeff J. Brown
Jeff J. Brown Месяц назад
You are right. It could take decades, long after I die.
winston kam
winston kam Месяц назад
'Baba Beijing'...! Great and appropriate metaphor...!
Jeff J. Brown
Jeff J. Brown Месяц назад
Thanks, Winston. Please share this channel regularly and widely. Live from the streets of China, Jeff
Mark Fischer
Mark Fischer Месяц назад
Every nation that fell prey to a charismatic demagogue who ruled under the illusion that forcing people to work as slaves in this case in collaboration with foreign money could defy the economic laws of gravity in a magic balloon filled with hot air. While the illusion can be made to appear to work for awhile eventually the balloon pops and the crash is fatal. China's debt is at least 34 trillion dollars. China's real net income, not its GDP, not adjusted for PPP on an equal basis of what it can buy on the international.market is 3.5 trillion dollars, not 21 trillion. The debt is hidden by shadow banks and money losing SOEs. It can never be paid off or made to disappear by waving a magic wand. China is the most toxic chemical sewer in the world. Cleaning it up is no longer possible. The air is unfit to breathe, the water unfit to drink, and the safety of food is very uncertain. It is part of the price China paid to attract foreign investment it could not survive without. Almost a billion Chinese live on about 10 dollars a day or less, for many much less. There is nothing China can do to fix it. Not by 2020. Maybe by 2120, maybe not.
tocrob
tocrob Месяц назад
Mark Fischer - the "healthy" life expectancy of China has now surpassed the USA's.
Tekhelet75
Tekhelet75 Месяц назад
Mark Fischer laughable. CSIS is well known as having an anti China angle. It is a western cabal apparatus. You are making a fool of yourself out here.
Tekhelet75
Tekhelet75 Месяц назад
Mark Fischer I will tell you this, most economic analysts get it wrong. You do not have the correct info.
Jeff J. Brown
Jeff J. Brown Месяц назад
The US's will pop one day. I'd like to see it happen before I die, but who know when?
bj2690
bj2690 Месяц назад
@mark: You immediately lost all credibility when you cite China Uncensored as your source for understanding China. It would be akin to if one day the Chinese government decides to make an anti-US propaganda channel with videos about how currently zombies are freely roaming the streets of New York. That's how ridiculous and out of touch with reality those videos are. There's already a boatload of westerners like you who geek out on China by quoting numerous sources from "reputable" scholars and analysts but never bother to spend at least a year living in China to draw conclusions for himself, unlike Monsieur Brown here who actually lives in Shenzhen. And you must be a total newbie in investing or life in general if you think that scholars and analysts are always unbiased and make accurate predictions all the time. If you don't even realize that there is a concerted effort from the part of western governments to continuously distort general public's perception in the west about China, then I'm not even going to try to educate you about the true China. Who cares anyway if you think China is a great place to live or not. You're welcome to never set foot in China. I have better things to do. Bye. Bwahahahahahaha.
DARK ENERGY
DARK ENERGY Месяц назад
Thanks sir for telling the truth.
Jeff J. Brown
Jeff J. Brown Месяц назад
Thanks, DE! I'm humbled and appreciative.
Tim
Tim Месяц назад
Is it true that the chinese are racist towards white people and use the term sea ghost as a racial slur?
Rebecca Low
Rebecca Low Месяц назад
Tim - not really, Chinese are not racist in that aspect it just the non political correctness in the culture. As Andy have mentioned most of the time, the word "ghost" is a bit of endearment term. I will call my husband "Lao Guei" which means Old Ghost, that does not mean that I do not love him or putting him down.
Andy S
Andy S Месяц назад
Well, the word ghost(鬼)has many meanings and we use it in different phrases. For example, I may call the old guy downstairs who I played mahjong with 老鬼 , ( can be translated to old fart with less disrespect). He won't be offended unless he's a true old fart....In addtion, I may call my nephew a 小鬼, kind like the word "kiddo". So, the slurs exist, but the intention behind those words can be different, some people use it for lack of a better word, some use them to ridicule others, some use it to express their racism opinions.
TroPICAll
TroPICAll Месяц назад
Chinese people don't hate white people. they generally want to get along with white people. some white people can't see the Chinese as their equals and that causes problems.
V.W. Singer
V.W. Singer Месяц назад
The Cantonese speaking south of China tends to be more colourful in their reference to all sorts of people and groups, Chinese as well as foreign. Lascivious ghost = horny bastard, red haired ghost = European, ravenous ghost = glutton, and so on. Often it is just "red haired person" for Europeans. In the northern Mandarin speaking areas the most common term would be simply "other nation person" or foreigner. In general, the Chinese have a positive attitude towards westerners. In the more rural areas it is not racism as much as curiosity as in "Ooh look! What a funny looking person!"
Фёдор Достое́вский
Debt as a political and economic concept is the most oversimplified yet least understood area of macroeconomics. Debt isn't the problem, it's how countries handle it. I don't want to invest in a country that has 0 debt, that would be like investing in North Korea. A country with zero debt means it has zero economic business going on both internally and internationally. Debt is the nature of business. I want to invest in the country that's the most economically active worldwide, usually, this entails high internal and external debt. HIgh internal debt is a symptom of a very active and dynamic economy. Companies borrowing from banks, companies in debt to other companies, consumers in debt to companies, etc, etc. High external debt just means the Country is actively engaged in the global market through international business deals. The amount of debt says almost nothing about an economy, it's a much more complex. Amount of debt is, simply put, a measure of the complexity of an economy. High Debt + Default = catastrophic economic collapse. Low Debt + Default = Business As Usual. An economy is like a complex intertwining and interlocking mechanism.
Jeff J. Brown
Jeff J. Brown Месяц назад
Great comments. I really enjoyed reading "Debt: the First 5,000 Years", by David Graeber. I learned so much. Thanks for coming, Fedor. Please share this channel widely and regularly.
mrzack888
mrzack888 Месяц назад
Great Britain ruled half the world while running a 200% domestic debt to gdp over 200 years ago. Basically it was national govt money printing. Whenever a sovereign currency nation reduces its debts it will get into trouble. Unless it counters that with a massive export.
mrzack888
mrzack888 Месяц назад
Debt is meaningless. One person's debts = another's savings. Resolving debt means destroying money. The economy needs money. The larger the debt the better.
Paulo Bonzi
Paulo Bonzi Месяц назад
I used to believe the Western media and thought that China was a neo-liberal capitalist country like any other. It was only after reading the book “Adam Smith in Beijing” by Giovanni Arrighi that my eyes opened and I could really understand how different the Chinese economic model is from the capitalist model of the West.
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