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Friday, 27 April 2018

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The prospect of a chinese economic meltdown wouldn't be so bad except for the presumably extremely dire consequences for the rest of the world, possibly including major conflic;t as the monster struggles to stay alive its adventurism in the south China sea can be expected to get more and more aggressive. And of course they have bought half of Africa (on the never never).

Interesting times. Far too interesting.

I can easily outclass you in economic ignorance, but I did enjoy the scene in the film Too Big to Fail, (the 2008 crash) when Hank Paulson the financial secretary, is in Beijing for the Olympic Games and a Chinese official tells him that the Russians have approached them to launch a concerted attack on Fannie Mae and Freddie Mac to take down the American economy. The amount of debt your country is carrying is a terrible vulnerability, he says to Hank. "We declined, respectfully."

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