Christ has been warning everyone for thousands of years. Sadly there be few who have taken notice of Him and His words of Wisdom. Read the signs.Signs of the End Times
All of this power, material greed, pride, fear, ignorance, and much more sin is coming to A HEAD, WAR. It is inevitable. The Spiritual Teaching in The Silent Flute
F.W. Engdahl -- China Debt Crisis Eclipses 2007 Credit Crunch( War is a never ending money making deal for elites.)
September 23, 2021
On July 1, Beijing announced that local government revenues from land sales to developers, some half of all local revenues, must be sent to the central Beijing Finance Ministry and no longer used locally. That insures a catastrophic collapse in the multi-trillion dollar local shadow banks and construction projects. No more Beijing bailouts. At the same time, solvency of China's fragile multi-trillion "small" banking sector is in doubt, as bank closings increase. Now, with national state-owned giants nearing bankruptcy, the verbal war between BlackRock and George Soros takes on a significant new light. China is in a serious debt collapse crisis.
China already has the world's largest extent of high-speed rail track, and those are losing money.
The Belt Road Initiative is bogged down in debts that countries are unable to repay and China banks have sharply cut loans to BRI Silk Road projects from $75 billion in 2016 to $4 billion in 2020. Its demographic crisis means the endless flow of cheap rural labor to build that infrastructure is sharply declining.
The middle class is deeply indebted from buying new cars and homes when times were good. Total household debt including mortgage and consumer loans for cars and household appliances in 2020 was a whopping 62% of GDP. The Institute of International Finance (IIF) estimated that China's total domestic debt rose to 335 per cent of gross domestic product (GDP) in 2020. Beijing's Wall St Bailout?
It appears that Beijing is seeking a major de facto bailout from foreign investors into its troubled stocks and bonds led by Wall Street.
Major Wall Street banks and investors have had close involvement in China for several years. With the US stock markets at dangerous historic highs and the EU in deep trouble, they perhaps hope China can save them, despite the clear evidence that Chinese corporate accounting rules are opaque, as Evergrande shows.
Since 2019 Morgan Stanley's widely used MSCI All Country World Index has been allowed to list major Chinese companies, which, as Soros accurately noted, forces western stock funds to buy billions of dollars of China stocks. BlackRock is permitted now to invest Chinese personal savings in its funds. It is not clear if there are other parts to the deal.
This is the pot of potential gold which has Wall Street and BlackRock lining up outside Beijing. The Soros condemnation of BlackRock, the largest private investment fund in the world, clearly is strategic. Could it be that Soros intends to replay his 1998 toppling of the Russian bond market bubble after taking his profits? If so, no wonder the official China media calls Soros an "economic terrorist." Whatever the trigger, such a collapse of the China debt bubble would make the 2008 Lehman crisis pale.
Australia's decades-long balancing act between the US and China is over. It chose Washington
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Analysis by Ben Westcott, CNN
Updated 8:10 PM ET, Fri September 17, 2021
For more than 20 years, Australia tried to maintain good relations with both the United States and China.
It was good for trade and peaceful regional relations. But on Thursday, with the announcement of a new security deal with the United States and the United Kingdom, which will see Australia eventually field nuclear-powered submarines, Canberra made its position clear -- it has chosen Washington over Beijing.
By choosing sides, some experts say Australia has unnecessarily antagonized China, the country's largest trading partner, while at the same time making itself overly reliant on the US for protection should tensions escalate in the Indo-Pacific.
In recent years, Prime Minister Scott Morrison has moved to embrace the US more closely as a security partner, building a personal relationship with former President Donald Trump and attempting to do the same with his successor.
At the same time, relations between Canberra and Beijing have been slowly unraveling, a spiral which only worsened after the start of the Covid-19 pandemic amid questions over the virus's origins.
https://www.cnn.com/2021/09/16/australia/australia-china-us-aukus-submarine-intl-hnk/index.html
China sparks war rallying cry: 'We must be prepared for first nuclear strike!' By Dylan DonnellyHow Banksters Rule The World – Shifting from Central Planning to a Decentralised Economy
00:00, Sat, Sep 25, 2021 | UPDATED: 13:07, Sat, Sep 25, 2021 In response to Beijing’s aggression in the Indo-Pacific, The US, UK and Australia have agreed a new nuclear-submarine deal called Aukus. As new alliances form in the Pacific against Beijing, a senior Chinese diplomat has said the country should abandon its “no-first-use” policy on nuclear weapons.
Sha Zukang, former ambassador to the United Nations, told the China Arms Control and Disarmament Association Beijing should “re-examine and fine-tune” its approach to nuclear weapons.
Mr Sha said the “no-first-use” policy should be scrapped as the US “builds new military alliances and as it increases its military presence in our neighbourhood”.
While only using nuclear weapons in retaliation gives China “the moral high ground”, Mr Sha argued it is ”not suitable . . . unless China-US negotiations agree that neither side would use [nuclear weapons] first”. V
He added: “For some time in the future, the US will see China as its main competitor and even i
https://www.express.co.uk/news/world/1496289/china-news-nuclear-war-australia-aukus-warning-latest