China's end game:the dark side of a great deleveraging. The Macroeconomics of Chinese kleptocracy. China is a kleptocracy of a scale never seen before in human history.
This post aims to explain how this wave of theft is financed, what makes it sustainable and what will make it fail. There are several China experts I have chatted with – and many of the ideas are not original. The synthesis however is mine. Some sources do not want to be quoted. The macroeconomic effects of the Chinese kleptocracy and the massive fixed-currency crisis in Europe are the dominant macroeconomic drivers of the global economy. Why China Will Have an Economic Crisis. The view in most of the world is that China is indestructible.
Shrugging off the crises multiplying elsewhere, China seems to surge from strength to strength, its spectacular growth marching on no matter what headwinds may come. It appears inevitable that China will overtake a U.S. mired in debt and division to become the world’s indispensable economy.