The garbage time of history: China's economic decline

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PETER ZEIHAN
https://youtu.be/AU9Z4WtQQVE

VIDEO EXCERPT: I kind of watch what the Chinese are Banning because it gives you an idea of what XI Jin Pang and the CCP in China are nervous about. there are a couple= new terms that have popped up that are on the ban list...

[...] The first is the term garbage time, and for those of you out there who are sports enthusiasts, you have of course heard about garbage time. ... You can understand why the Chinese government doesn't like the fact that people are even discussing this concept.

The second term is something called laying flat. The idea is that things are so broken and hard work will get you nowhere. In a broken system so you might as well just lay back and do the least amount of work possible, because there's no reward for anything. And again you can see why the Chinese government doesn't like that one...

[...] Most of the people who do consumption in an economy are under age 40. Because they're the ones who are buying homes and raising kids. And if this next generation just doesn't exist in numbers, then the Chinese can never have consumption-led growth ever again.

That makes them entirely dependent on international trade, and international trade is in the process of cutting China out of the entire system.

Obviously this started with Donald Trump in the United States, but with the recent sanctions on things like EVS it spread to Europe, and now it exists in Turkey, in India, in Indonesia, and in Brazil.

It really is going global, so the last best hope that the Chinese had for recovery is now more than 6 years old, and there's not going to be another one. And the people are beginning to notice...

The garbage time of history: China's economic decline

https://www.youtube-nocookie.com/embed/AU9Z4WtQQVE

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Earlier video to the one above.
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PETER ZEIHAN
https://youtu.be/eZhSMr9T7WI

VIDEO EXCERPTS: Today we talk about trade wars that are shaping up with the Chinese, and why the Chinese don't have too much leverage. The issue is that the United States and the European Union have both put heavy heavy tariffs on Chinese electric vehicles. [...] This is not a future that they want to allow another country or economic block to dominate.

The Chinese are looking for things to retaliate against. The problem is is when you're a major manufacturing country that imports all of your raw materials and relies upon foreign markets for all of your sales, there's not a lot you can do because if you impinge upon trade, you're actually destroying the trade system that you rely upon for your economic model.

The demographic situation in China has gone from bad to horrific. [...] Chinese are now starting to understand why retail sales have not rebounded in the aftermath of Covid. They're not going to rebound, they no longer have enough people to generate a rebound...
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SNIP FROM THE COMMENT SECTION: "I was in Home Depot yesterday, and I noticed that most of the appliances are going back to rotary knobs, like we had 40 years ago. Washers, dryers, stoves, and some refrigerators, have rotary dials, lamps, and no cheap, fuzzy LCD screens that need full light to read. My take is that the appliance manufacturers either can't get Chinese touch panels or that it is now cheaper or more parts availability secure to go back to knobs. Personally, I am delighted and hope the same thing happens to automobiles."