Comments by "" (@thomasherrin6798) on "Forward Guidance" channel.

  1. He understands China's problems, it must be frustrating that he is in no position to alter it, some of the geopolitical variables he didn't talk about could cause fatal blows to China!?!
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  2. Pettis thinks the problems started in 2006-2007!?!
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  3. China has put the spokes in on the diplomatic front to impede communications with the West (Wolf Warrior diplomacy). Tawain is only threatened by China, it poses no threat to China, China could just alter its policy to say that its intention is to take over Tawain by mutual agreement, instead of by any means. China has been upsetting most of its neighbours and the Wider West (Well maybe apart from France) by its aggressive stance and that has not been altered by its recent actions or it's comical slandering of the Wider West that China disagrees with!?!
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  4. More debt!?!
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  5. Didn't he big up US assets!?!
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  6. ​ @luly2323  He is more cognitive of the Situation than say the CCP!?!
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  7. Block Chain can't do multiple transactions simultaneously to satisfy demand, so at present it is a non-starter!?!
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  8. China's birth rate is 10 million for 2022, India's is 24 Million, at current rates by 2100 the Chinese population will be around 800 Million assuming no increase is made in birth rates which at present is highly unlikely!?!
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  9. ​ @davidrichards1741  The only profitable thing that China has is its 1.5 Trillion trade surplus with the US and Europe, everything else is subsidised, that's why it has a 57 Trillion USD total debt, it trades with other Asian countries but makes no money, a bit like Russia selling its energy to China and India, instead of its wealthy neighbours!?!
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  10. Chinas currency will be subject to more scrutiny and they will not have full control of where the currency will be pegged, this will deter the CCP from being the reserve currency, it will try to use its currency in normal day to day transactions like for example with Russia (...and the like) as Pettiss explained!?!
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  11. It's Russia because they got booted out of the system, and China doesn't want to get booted out of the system, that's why they want a new world order, only trouble is they can't afford it!?!
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  12. China obviously is not trying to create geo-political problems because of course the CCP is always in the right, that's why their neighbours have substantially increased their defence spending and defence alignment!?!
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  13. It might surprise you to know that in those years in-between (Around 16 years to be more precise) China has accumulated 57 Trillion USD total debt, which is more than the Wider West combined, it would have been assumed by most economists that China would have attempted to curtail the debt rather than stuff it under various guises to hide it's true nature and by doing a reset of the economy, this is getting more urgent to be carried out otherwise the economy will reset itself in a state of abandon!?!
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  14. The problem is that China has already accumulated a lot of debt and it is not addressing that problem. The Wider West has decided that China will no longer be the only supplier of its goods, it only enjoys a trade surplus with the US and Europe of 1.5 Trillion USD, all the others are exports are transfers or losses. China's internal consumption is extremely low so will not make up any export losses unless more money is handed to its citizens. China's debt is currently at 57 Trillion USD total debt, more than the Wider West combined so its options are limited, not limitless!?!
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  15. .......for China!?!
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  16. I think he talks sense, it wasn't US centric, but what an economist thinks, but they are not always right, but it appears to be the right conclusion if certain geo-political uncertainties don't rear their ugly head!?!
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  17. It's got numerous systemic problems (The property market should drop by 50%) but 6% growth is achievable, maybe funded by 10% debt, or 5% mirage, who knows, but one day the piper calls, then the tune will change!?!
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  18. I think you have an error in your logic, you say a man will work to achieve a goal rather than be idle, which is majorly true especially if it improves his lot, even if he has to have a time or monetary investment. What you have not taken into consideration is that this man has been improving his lot since the 1990's on productive investments, so this had high returns to plough back into investments, which is the Pinnacle, but since say 2007 this man has been using non productive investments dressed as stimulus packages to achieve GDP fuelled by debt, this is the polar opposite of what you are trying to achieve as the debt has to incur interest payments which adds to the debt burden, effectively you have to work harder to achieve less rewards. The record Chinese investments are somewhat offset by the record Chinese debt which stands at 57 Trillion USD total debt (More than the Wider West combined) Petis has outlined the non productive debt trap previously in his frequent releases to the press, you can ignore the debt accumulation if you so wish, but it is not going away and it needs addressing, that's why Pettis alluded to the reset that is required to Chinas economy in the near future as otherwise the debt will be all encompassing!?!
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  19. The Two World Wars in Europe maybe should have been classed as some sort of adjustments as they had more of an effect than both of the others!?!
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  20. I'm sure the anti-west rhetoric is a number of factors worse from the Chinese, a lot of it is just absolute codswallop!?!
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  21. No BRICS country is stable enough to handle the reserve World currency, and as a group would be unlikely to agree to a better system than the US and say Europe, it's a non starter, all the BRICS countries have high levels of corruption!?!
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  22. For China anyway!?!
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  23. A pity that the CCP doesn't listen!?!
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