Sunday, May 14, 2023

PonXi Scam

21-8-20 Xina's Worrisome Debt Crisis | Economics Explained > .
24-10-25 [Xi at 2024 BRICS Summit: 5Gs & Whiny Defensiveness] - Update >
24-3-20 What a Deglobalized Economy Will Look Like - M&M > .
24-2-13 Trade Decoupling - Mexico Supplants Xina in US Trade - Update > .
23-12-16 Censoring negative (accurate) remarks on Xinese economy - Update > .
23-12-13 US House Select Committee: Economic Competition vs PRC - Update > .
23-12-7 5 Hard lessons West should learn from dealing with XiXiP - Lei > .
23-12-2 Huawei: [Subsidized Weapon in Chip War versus USA] - Update > . 
23-10-23 Xina's Threats Pushing Philippines Closer to US - WSJ > .
23-10-22 [Bilk & Raid Imperialism 2: Xi+P00 NoXious Arab Plans ] - Update > .   
23-10-20 Pentagon Report [re X(IR) threat] & Chip Curbs - Update > .
23-10-19 BRI, Hamas fit into XiXiP's Middle East [NoXious] strategy - Lei > .
23-10-17 Xina’s Illegal Man-Made Military Islands = Ecological Disaster - Map > .
23-10-16 Xina's Hypocrisy re Hamas Atrocities-Israel's Response - Digging > .
23-10-15 World Against [Xina’s Woof Whiners] | US-Xina | Trade - Update > .
23-10-13 Xina's plunging birthrate - Update > .
23-10-12 Causes of the Crisis between Hamas and Israel - Spaniel > .
23-10-12 Xina Supporting Hamas in the Israel/Palestine Conflict - laowhy86 > .
23-9-29 Decoding P00ti-PooXi blueprint for NoXious World Order | DW > .
23-9-25 Xi's Transforming Xina [for the worse] - Xina's Changing Trajectory - Dig > .
23-9-24 $6.5T Problem: BRI, Unproductive, Decaying Infrastructure | EcEx > .
23-9-16 "Belt & Road to Death" - [XiXiP targeted corrupt governments] - Obs > .
23-9-7 Xi's Mess: Wartime Economy Rising, Imminent Societal Collapse > .
23-8-26 Will BRICS Overthrow US Dollar | Xina Using BRICS vs West? - Update > .
23-8-22 BRICS 2023: Why Iran, Ethiopia, etc Want to join Economic Bloc | WSJ > .
23-7-11 "Eat Bitterness" - Xina's Hopeless Youth Give Up on Life - laowhy86 > . skip > .
23-5-23 Can Xina Contain Its $23 Trillion Local Debt Problem? - BlQ > .
23-5-22 Xina's Censorship Obscures Persisting Poverty Issues | Digging > .

Comment on Xina's Legal System & Evergrande's trillions in debt: One should understand: In China, the Purpose of its Legal System is to certify the legitimacy of Government's actions. Therefore, the outcome of a lawsuit is often predetermined, the Chinese Court is instructed of what outcome should be. The great majority of the debts Evergrande owes are to the banks. As long as Evergrande remains a Zombie, the loans are considered as "Premium Assets" (i.e. real estate loan is generally low risk because the property is the collateral) . So if Evergrande is bankrupt, there will be a domino effect on the banks. So 5000 lawsuits are meaningless, because Evergrande should have bankrupted 2 years ago. China's Court has already been informed that none of the lawsuits are allowed to proceed since CCP government has decided it is less risky to let all creditors bankrupt instead of the national banks. The individuals that bought the unfinished home is on the hooked to pay mortgage on something they will never own for 30 years because there is NO bankruptcy protection for individuals in China.
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The West WILL get Xina (post-2012) wrong if it relies on hubristic Xinese apologists and fork-tongued diplomats. Westerners must watch Xinese feet, not heed guff about 5,000 years of “stability” and Han homogeneity. As to Xina’s understanding the West better than the West understands Xina, Woof Whiner “Diplomacy” and "Woops!" Retractions demonstrate that they are tilting at a straw windmill.

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