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Comments by "" (@markpukey8) on "China's Crumbling Economy is Collapsing! Real Reason China's World Domination Plan Failed" video.
Something to consider... As a measure of "economic toughness" it's interesting to see what happens when a nation screws up. The US dumped well over a trillion dollars into Afghanistan. More like TWO trillion into the whole flawed "war on terror". We spent all that money, got some interesting alliances out of it... and both the Taliban and global terrorism have not been changed at all. It was an almost complete waste of money. And it has not hurt the US economy ONE TINY BIT! We are so stable that even a screw up that large isn't enough to rock our boat into dangerous territory. China has screwed up with BRI. They've put about a trillion US$ into it, and it's falling apart. No one knows how it will look in another 5 years or so, but it will be interesting to see if the Chinese system is able to withstand the fallout from this flawed plan. My own opinion is that it won't The CCP won't be remotely the same after they "fix Xi's mistakes" and pay off the debts they cannot walk away from. Even if they call themselves the CCP, it won't be the same.
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It's unusually clueless for this channel to talk about US and western investment in Africa as something that's new, in response to China's BRI program. We've invested TRILLIONS OF DOLLARS into Africa over the past 60 or 70 years! The latest round may well be in response to some of China's moves... but it's unfair to pretend the west has not been TRYING to help African nations get their acts together for decades already! And another thought - They frame this as the West versus China, competing in Africa. What exactly do they see as the prize here? Seriously, African nations' challenges and issues ARE NOT NEW! We didn't just say "Gosh, I guess we should try to get some of those tasty minerals now! Let's make some deals!", we've been working towards these goals for a very long time. And right now, Africa has a ton of possible future customers... who cannot afford a stick of gum at US prices! There really isn't a "prize" in any normal sense here.
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The IMF is required by its rules to use YOUR DATA for its analyses. So if China lies about their data... the IMF still uses their data. But if China IMPORTED 10% less raw materials from around the world this year... and China EXPORTED more than 10% less finished goods to the rest of the world... You go ahead and tell me how they managed ANY growth in GDP! The data we can verify from around the planet (what they ship to China and what they bought from China) tell us very clearly that the CCP is lying through its teeth here.
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You are absolutely correct! And this is also why China is going to continue to see such high default rates! They are wasting their money because on one level, all they are doing is paying off the local rich, corrupt leaders. And as soon as those corrupt leaders are replaced or see a new way to skim some money from anyone else... they're gone. Paying back the loans from China is quite literally NOT PART OF THEIR PLAN!
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