Much of the geopolitics and macroeconomics these days revolves around China. The collapse of the Chinese real estate market was a foretaste of what is to come if China's population projections are even halfway accurate. China will lose hundreds of millions of its population in the coming decades, which would further strengthen deflationary forces and put massive pressure on the current fiat money system.
This needs underlying inflation to roll the credit volume into the future and it continually requires more collateral to grow credit, but must not get out of hand to prevent hyperinflation from destroying the currency - the art of fiat....
Perhaps the deflationary shock that is so firming up, which has its roots in China, is the impetus that will cause the entire fiat credit money system to collapse like a house of cards. Then we enter the deflationary world that technological progress and open markets in free competition allows us to enter.
5 sats \ 4 replies \ @OT 16 Nov
People often say that "AI" and advances in robotics will be able to rescue this situation. Maybe its already too far gone. People in China think its too expensive to have kids.
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Not just expensive, but depressing also. On Zhihu (Chinese Reddit) I read a lot of chinese male complaining that they have a lot of responsibility and all because of the one child policy, they were telling all this openly many of them were in depression
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15 sats \ 1 reply \ @OT 16 Nov
That's it.
The men need a house, car and a good job just to be able to get married. Some of these ladies have expensive tastes too!
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Absolutely correct 💯
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Interesting
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some commentators think its already below 1B, that the numbers were cooked but definitely all current trends point to continuing decline don't they
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It is surprising how the communist policy of China is destroying its own economy, even though China is a great power, a great economic power and also a great culture.
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