Gordon Chang

And so, you know, you can make the argument that the United States is one of the weakest countries in the world because we're just not defending ourselves from a known threat. Same thing with tariffs. But if we wanted to, if we had to, Yes, we could start shutting the Chinese out from our markets. But, you know, think about this.

And so, you know, you can make the argument that the United States is one of the weakest countries in the world because we're just not defending ourselves from a known threat. Same thing with tariffs. But if we wanted to, if we had to, Yes, we could start shutting the Chinese out from our markets. But, you know, think about this.

And so, you know, you can make the argument that the United States is one of the weakest countries in the world because we're just not defending ourselves from a known threat. Same thing with tariffs. But if we wanted to, if we had to, Yes, we could start shutting the Chinese out from our markets. But, you know, think about this.

We are financing the buildup of the Chinese military, which is configured to kill Americans. And, you know, future generations are going to look at our leaders. They're going to look at us and they say, who were these people?

We are financing the buildup of the Chinese military, which is configured to kill Americans. And, you know, future generations are going to look at our leaders. They're going to look at us and they say, who were these people?

We are financing the buildup of the Chinese military, which is configured to kill Americans. And, you know, future generations are going to look at our leaders. They're going to look at us and they say, who were these people?

Well, from his perspective, things aren't that bad because he's putting China on a war footing. He's manufacturing. He's making sure that China is self-sufficient. He's doing all sorts of things. And from his perspective, I think he probably likes it. The problem is that from a point of view of economics, he's driving China into the ground.

Well, from his perspective, things aren't that bad because he's putting China on a war footing. He's manufacturing. He's making sure that China is self-sufficient. He's doing all sorts of things. And from his perspective, I think he probably likes it. The problem is that from a point of view of economics, he's driving China into the ground.

Well, from his perspective, things aren't that bad because he's putting China on a war footing. He's manufacturing. He's making sure that China is self-sufficient. He's doing all sorts of things. And from his perspective, I think he probably likes it. The problem is that from a point of view of economics, he's driving China into the ground.

And that means that if he doesn't go to war soon, he's going to lose the ability to go to war. And that is something that means he can take us by surprise, because I'm sure at some point, he's going to see a closing window of opportunity.

And that means that if he doesn't go to war soon, he's going to lose the ability to go to war. And that is something that means he can take us by surprise, because I'm sure at some point, he's going to see a closing window of opportunity.

And that means that if he doesn't go to war soon, he's going to lose the ability to go to war. And that is something that means he can take us by surprise, because I'm sure at some point, he's going to see a closing window of opportunity.

Okay. First of all, what he's doing is he's incurring a lot of debt. China has a total country GDP to total country debt to total country GDP ratio of, I think, about 350%. You're in the danger point where you're getting to 200%. So China's in a very difficult position. He's got to have a debt crisis, and he can't really resolve it. His position is he's going to try to increase investment.

Okay. First of all, what he's doing is he's incurring a lot of debt. China has a total country GDP to total country debt to total country GDP ratio of, I think, about 350%. You're in the danger point where you're getting to 200%. So China's in a very difficult position. He's got to have a debt crisis, and he can't really resolve it. His position is he's going to try to increase investment.

Okay. First of all, what he's doing is he's incurring a lot of debt. China has a total country GDP to total country debt to total country GDP ratio of, I think, about 350%. You're in the danger point where you're getting to 200%. So China's in a very difficult position. He's got to have a debt crisis, and he can't really resolve it. His position is he's going to try to increase investment.

In other words, factories, high-speed rail lines, all those other things. The problem is that he's driving prices down in China by this excessive production. When you drive prices down, you have deflation. Things get cheaper. And Xi Jinping is quoted by the Wall Street Journal as saying, don't the Chinese people like it when things get cheaper? Well, of course, as consumers, we do.

In other words, factories, high-speed rail lines, all those other things. The problem is that he's driving prices down in China by this excessive production. When you drive prices down, you have deflation. Things get cheaper. And Xi Jinping is quoted by the Wall Street Journal as saying, don't the Chinese people like it when things get cheaper? Well, of course, as consumers, we do.

In other words, factories, high-speed rail lines, all those other things. The problem is that he's driving prices down in China by this excessive production. When you drive prices down, you have deflation. Things get cheaper. And Xi Jinping is quoted by the Wall Street Journal as saying, don't the Chinese people like it when things get cheaper? Well, of course, as consumers, we do.

But the problem is when you're a consumer, you don't buy things when things get cheaper because you're going to wait six months or a year until prices are lower. And so what we're seeing is a large portion of the Chinese economy consumption is now, I think, shrinking. And China is now in a debt deflation sort of cycle. We should know about this because that happened to us in the 1930s.

But the problem is when you're a consumer, you don't buy things when things get cheaper because you're going to wait six months or a year until prices are lower. And so what we're seeing is a large portion of the Chinese economy consumption is now, I think, shrinking. And China is now in a debt deflation sort of cycle. We should know about this because that happened to us in the 1930s.