I find it strangely fitting with “More Cowbell” being placed since the song in it is “Don’t Fear the Reaper”. Given that your point is how we’re fucked no matter what, the song seems to represent that.
I am gonna take a nap... then do some more research for my month long Kyushu bucket listing trip that kicks off next week... time does appear to be short ... what remains to be seen is how the Covid Rat Juice shots ties into the soon to collapse global financial system.
If I am wrong that's ok... I will just change my mind and I will continue with my track record of being 100% right. It's a simple strategy - I don't understand why the Barnyard Animals cannot adopt it
China’s third plenum is almost a declaration of economic war
Xi Jinping is doubling down on industrial policies that increase the risk of a global trade shock
Local governments raised half their revenues from land sales before the property bubble burst. This funding has collapsed, leaving them in various states of insolvency.
Professor Victor Shih, director of the 21st Century China Center in San Diego, says 12 of the 31 provinces have monthly debt service costs that exceed their monthly income, and all but four were over 50pc. By the end of 2022 the debt service ratio had reached 200pc in Tianjin, 188pc in Jilin, 176pc in Guizhou, and so on.
Prof Shih says “shadow” finance may have pushed local government debt alone to $15 trillion, or 90pc of GDP. If so, underlying debt dynamics in China are on a par with Greece, and catching up with Japan. Beijing is issuing special bonds to keep local government afloat but it dares not launch bazooka-scale stimulus.
Local governments are cutting the wages of civil servants to make ends meet. They are issuing “tight life” regulations to official agencies and bodies. Banks are retrenching too.
The China International Trust Investment Corporation (CITIC) has cut its base wages by around 25pc this year. State-owned lenders are cutting by 20pc to 30pc, with performance reviews now becoming ritual torture for employees. The “big four” accounting firms will start cutting in August.
Pervasive angst is spreading through the middle class, hitherto shielded from the bouts of austerity dished out to migrant workers when times are hard. They borrowed to the hilt to get on the property ladder but are now caught in the double vice of falling incomes and falling home prices. “Chinese society is like a pressure cooker that could explode at any time,” said Chen Yingxuan, a labour expert at Taiwan’s defence research institute.
China’s stock frenzy is an absurd distraction. Nothing has really changed
It is legitimate to ask whether China is blowing smoke in our eyes or dragging its feet on a debt-deflation crisis that Xi Jinping still refuses to acknowledge.
The raft of stimulus measures announced with escalating fanfare all through last week add up to a substantial short-term package, but the headline figures conflate notional credit with real money, and pack less of a macroeconomic punch than many think.
It is more about mood than structure, and is in part aimed at flattering the image of the Communist Party in time for the 75th anniversary of the People’s Republic.
“Relying solely on central bank measures has boosted morale, the stock market has gone up, but how long can this be sustained?” said Yu Yongding, a former-rate setter and the Oxford-educated director of the Chinese Academy of Social Sciences.
Fiscal expansion is the critical missing element. “The ball is in the ministry of finance’s court, but what exactly is the ministry planning to do?” he said at the Tsinghua PBC forum over the weekend.
So winning is when the PBOC extends billions upon trillions of credit to brokerages ... and puts a gun to their heads telling them 'accept this gift and buy stocks!!! = or else' ... the markets get an artificial boost... but then normality returns as the markets continue to understand that China is still f789ed
no idea what xi is fueling lol. it will just be one billion people fighting each other to death. what is pro natalist policy for when theres so many old people there and unemployed youth anyways. if anything there should be pro death policy for the old
I find it strangely fitting with “More Cowbell” being placed since the song in it is “Don’t Fear the Reaper”. Given that your point is how we’re fucked no matter what, the song seems to represent that.
A stimulus for keeping people busy constructing empty cities for people that they end up crushing with tanks or something worse.
Termite people.
Good quote in link below under " why did you take my son"
https://www.quotes.net/movies/the_emerald_forest_145570
I am gonna take a nap... then do some more research for my month long Kyushu bucket listing trip that kicks off next week... time does appear to be short ... what remains to be seen is how the Covid Rat Juice shots ties into the soon to collapse global financial system.
My money remains on extermination https://fasteddynz.substack.com/p/the-ultimate-extinction-plan-uep
If I am wrong that's ok... I will just change my mind and I will continue with my track record of being 100% right. It's a simple strategy - I don't understand why the Barnyard Animals cannot adopt it
Zelenskyyy's lurking on this thread.
Another peckerhead who always needs more blow ... check out the peckerhead's dancing videos here https://fasteddynz.substack.com/p/the-ukraine-war-is-fake
Cowbell?
Here. Try this .
https://www.youtube.com/watch?v=hIqwzQ7g-Cc
OH MY F789ING GAWD....
China’s third plenum is almost a declaration of economic war
Xi Jinping is doubling down on industrial policies that increase the risk of a global trade shock
Local governments raised half their revenues from land sales before the property bubble burst. This funding has collapsed, leaving them in various states of insolvency.
Professor Victor Shih, director of the 21st Century China Center in San Diego, says 12 of the 31 provinces have monthly debt service costs that exceed their monthly income, and all but four were over 50pc. By the end of 2022 the debt service ratio had reached 200pc in Tianjin, 188pc in Jilin, 176pc in Guizhou, and so on.
Prof Shih says “shadow” finance may have pushed local government debt alone to $15 trillion, or 90pc of GDP. If so, underlying debt dynamics in China are on a par with Greece, and catching up with Japan. Beijing is issuing special bonds to keep local government afloat but it dares not launch bazooka-scale stimulus.
Local governments are cutting the wages of civil servants to make ends meet. They are issuing “tight life” regulations to official agencies and bodies. Banks are retrenching too.
The China International Trust Investment Corporation (CITIC) has cut its base wages by around 25pc this year. State-owned lenders are cutting by 20pc to 30pc, with performance reviews now becoming ritual torture for employees. The “big four” accounting firms will start cutting in August.
Pervasive angst is spreading through the middle class, hitherto shielded from the bouts of austerity dished out to migrant workers when times are hard. They borrowed to the hilt to get on the property ladder but are now caught in the double vice of falling incomes and falling home prices. “Chinese society is like a pressure cooker that could explode at any time,” said Chen Yingxuan, a labour expert at Taiwan’s defence research institute.
https://archive.md/O5ovM#selection-5405.0-5433.441
China’s stock frenzy is an absurd distraction. Nothing has really changed
It is legitimate to ask whether China is blowing smoke in our eyes or dragging its feet on a debt-deflation crisis that Xi Jinping still refuses to acknowledge.
The raft of stimulus measures announced with escalating fanfare all through last week add up to a substantial short-term package, but the headline figures conflate notional credit with real money, and pack less of a macroeconomic punch than many think.
It is more about mood than structure, and is in part aimed at flattering the image of the Communist Party in time for the 75th anniversary of the People’s Republic.
“Relying solely on central bank measures has boosted morale, the stock market has gone up, but how long can this be sustained?” said Yu Yongding, a former-rate setter and the Oxford-educated director of the Chinese Academy of Social Sciences.
Fiscal expansion is the critical missing element. “The ball is in the ministry of finance’s court, but what exactly is the ministry planning to do?” he said at the Tsinghua PBC forum over the weekend.
https://archive.md/TtKyZ#selection-2455.4-2455.77
China’s CSI 300 plunges 7%
https://www.abc.net.au/news/2024-10-09/reserve-bank-new-zealand-slashes-interest-rates-recession-jobs/104449354
China stocks fall sharply, set to snap winning streak
As of 0239 GMT, the benchmark Shanghai Composite index fell 5.3% while the blue-chip CSI300 Index dropped 5.8%.
https://www.msn.com/en-us/money/markets/china-stocks-fall-sharply-set-to-snap-winning-streak/ar-AA1rVsBw
More F789ing Cow Bell! MORE!!!
So winning is when the PBOC extends billions upon trillions of credit to brokerages ... and puts a gun to their heads telling them 'accept this gift and buy stocks!!! = or else' ... the markets get an artificial boost... but then normality returns as the markets continue to understand that China is still f789ed
https://fasteddynz.substack.com/p/overcapacity-and-price-wars
Cocaine can make you feel like you are WINNING... but with that kind of winning you can never stop ... and you need bigger lines each time...
It's the same with any form of stimulus.
China markets warn Xi that more stimulus is needed to fuel rally
https://www.businesstimes.com.sg/international/china-markets-warn-xi-more-stimulus-needed-fuel-rally
no idea what xi is fueling lol. it will just be one billion people fighting each other to death. what is pro natalist policy for when theres so many old people there and unemployed youth anyways. if anything there should be pro death policy for the old
They've been running death camps for quite some time ... under the radar https://fasteddynz.substack.com/p/vaccines-are-population-control