As a supplement to my text from yesterday, in which I put India and China in a small portrait, I would like to add this age pyramid once again. China will lose workers on a scale that we have never seen before. In my opinion, this process will set in motion such enormous deflationary tendencies that the fiat system on which the Chinese economy is based will come under such pressure that they may have to shoot the currency through the sky. In addition, there is immense government debt and high private sector debt (together about 250% of GDP). I don't know how this will translate into a new economic equilibrium with stable growth over the next 10 years. But we'll see.
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566 sats \ 5 replies \ @Undisciplined 7 Feb 2024
Obviously, China is the big player in the region, but all of East Asia is facing an unprecedented generational population decline.
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809 sats \ 4 replies \ @GhostofTruth OP 7 Feb 2024
yes that's asia's. but in terms of europe and the world i really hope the german population recovers again. the world needs german moralism and it also needs world salvation from germany from german engineering minds and the fight against climate change. and not to forget the perfectly engineered german vegan bratwurst!
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21 sats \ 3 replies \ @0b1CoinObi 7 Feb 2024 freebie
What's wrong with the weather and why do you want the Germans to fight it?
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0 sats \ 2 replies \ @GhostofTruth OP 7 Feb 2024
The weather is a disaster and they need to moralize the world until it's the same like in... Greece!
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0 sats \ 1 reply \ @0b1CoinObi 8 Feb 2024
What have they done in Greece?
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0 sats \ 0 replies \ @GhostofTruth OP 8 Feb 2024
Grew the gov until oblivion
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21 sats \ 1 reply \ @02bcd3eeb0 8 Feb 2024
What happened in India 15 years ago?
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0 sats \ 0 replies \ @GhostofTruth OP 8 Feb 2024
Perhaps the GFC made them more cautious in the bedroom?
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