Communism always does not work it’s also not working in China now and also we’re going to be talking more about the potential return of Co lockdowns in China and what that also means to business in China as the CCP was trying to court all these Business Leaders
First let me show you this Xi Jinping the leader of the Chinese Communist Party recently traveled to the United States and he attempted to lure businesses back into China it appears however that the charm offensive has failed even businesses that are very favorable to she do not want to go back
To China at least not in a large scale China is facing a credit Crow cash it’s manufacturing and real estate economies are crumbling and investors are deeming China too risky to put their money in it’s aside from the whole you know Co wild card this could have serious implications for the Chinese Communist
Party especially as she is allegedly debating on bringing back again lockdown policies in this episode of cross will be discussing what’s going on with this now first of all let me show you this the ratings this is CNBC it says ratings agency Moody’s downgraded its outlook on China’s government credit ratings to
Negative from stable expecting Beijing support and possible bailouts for distressed local governments and state-owned Enterprises to diminish China’s fiscal economic and institutional strength now look this Moody’s you know brief on it or at least CNB cnbc’s framing of it they don’t really explain all the issues the Chinese Communist party is facing it
Actually seems the situation is that even more dire than they’re acknowledging they’re not including the full spectrum of problems and they’re also going ironically by the ccp’s publicly stated numbers which generally among people who watch China and you know followed the news in China generally it’s understood that the CCP
Manipulates its numbers and when you’re looking at state-owned Enterprises which is what this is about those are owned by the Chinese Communist Party typically they write 3.5% % economic growth every single year and that’s just the normal thing for them and so for them to be
Going off of the ccp’s economic data and still suggests it’s not looking good is actually more significant there’s more to it though here’s Breitbart it says China’s manufacturing activi slowed again in November casting a poll over what the state run Global times awkwardly dubbed she conomics the economic agenda of dictator Xi Jinping
Yeah you heard heard that right she economics as in XI jingping economics look I mean it’s an obvious play on bomic and as much as things are not looking good so far like with the US economy and inflation and the whole spectrum of issues we’re facing the economic problems the Chinese Communist
Party is facing are like much much worse and and I’ll explain this of course but ironically if businesses pull out of China even more especially given the poor credit ratings and the expectations with that or just you know observable risk with investing in China right now because of the instability and
Unpredictability of the system all of this could bring ironically jobs back to the United States and it would actually benefit us you know a lot of people have pointed out that when us businesses go to China it benefits the businesses but generally speaking it does not benefit the United States uh Donald Trump
Pointed this out a lot when he was you know trying to make a trade deal with China he made it the point he made the point that we would be better off if we completely decoupled from them because there’s not a lot that we get from them
That is beneficial to us in the normal trade sense we don’t have a mutual kind of trade relationship with China it’s not mutually beneficial and of course we can easily we can much more easily trade with nearby countries like Mexico or even Europe for that matter not have to
Deal with the ccp’s crazy policies not have to deal with the unpredictability of the system at least not so much with Europe and also at the same time not have to subsidize shipments and so on like that using taxpayer money in order to even the playing field we give the
CCP a lot of extra benefits in order to make it fiscally like feasible to put our money there and again the only people really benefiting from that are the big businesses now let me explain what they say about she conomic this is BBC on it it says that China’s
Manufacturing activities slowed again in November casting a PA over what this was again it says that China’s China recorded a deficit of 11.8 billion in foreign investment in the three months to the end of September the first time since records began in 1998 I should emphasize again the Chinese Communist Party
Manipulates its numbers this has been known for very long time it’s not like some deep secret the CCP uh you know they they they do currency manipulation the CCP can State whatever they want in terms of how much money the companies actually bring in and they can State
Whatever they want on their books because even like normally for example if if a company is being traded on Wall Street there’s a certain process of transparency the CCP blocks that process we give them a special circumstance where you know free world transparency is not applied to Chinese companies
They’re they’re I’ve heard a lot of Chinese dissidents and people who’ve escaped from China frame all of that as basically just a giant Ponzi scheme and sure enough if you look at every single Chinese company that does get audited it turns out they were lying about the numbers company after company investment
Investment after investment they’re giant Ponzi schemes now that said an 11 billion doll deficit for the first time since 1998 that’s a pretty big deal I’ll be talking about why this is important and what it means globally only on Epic TV so join me there after the brink the
Link is in the link is in the description and I’ll also be diving into how the belon road initiative is losing appeal among all the nations of the world to different degrees how the return of co lockdowns could be on the table and a few other things as well and
Of course we’ll also be jumping into the live Q&A question so if you have questions come join us in Epic TV that is only on EPO tv.com so those of you on YouTube Facebook Twitter come join me there on Epic TV
