500 foreign companies are leaving Shanghai. (best, jobs, train, people)
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China's real estate is in shambles. Million of Chinese are fleeing to nearby countries for jobs. The CCP's dream of world domination is put on hold. Xi is depressed and calls best friend Putin to cry.
If you are referring to the recent college graduates,most of them major in degree which will give them a cushy job in office .
They could go to Russia as Russian need those people,but they dont speak Russian.
If you are referring to the recent college graduates,most of them major in degree which will give them a cushy job in office .
They could go to Russia as Russian need those people,but they dont speak Russian.
The problem is that lots of people major in degrees that are supposed to give them office job, but there aren't enough office jobs.
And why mention Russia? It is obvious that Chinese can't speak Russian and even if they could, the Russian market can only absorb a tiny fraction of Chinese college graduates.
Shanghai has always been a cosmopolitan city with close ties to the West and where Xi’s nationalist ideologies are deeply unpopular. This will only further cement the already brewing resentment against the CCP after the Zero Covid policies.
Shanghai has always been a cosmopolitan city with close ties to the West and where Xi’s nationalist ideologies are deeply unpopular. This will only further cement the already brewing resentment against the CCP after the Zero Covid policies.
I doubt it. Chinese people would still worship the CCP even if they shoot their children in front of them. What is zero covid compared to the Great Leap Forward and the Cultural Revolution? Servility is ingrained in their DNA.
You got that backwards. Filial piety requires the children to support their parents, in China.
The one child policy backfired. Too few children to support too many parents.
Most eCONomists are trained to ignore such things as the mathematical unsustainability of usury (interest) in a finite money token system. If you run the numbers ("future worth") it is patently obvious that regardless of the interest rate, there is a point in time when aggregate contracts for usury exceed the whole set of money tokens in circulation. In short, usury is designed to collapse. And creditors can foreclose on lucrative collateral (or unsecured creditors go bust).
In the history of money, there never has been a time when the money supply kept proportional with the marketplace of goods and services. Many a prosperous empire failed, when the marketplace exceeded their money token system. (Or the lack of new conquests, resulted in the lack of new money)
USURY has always been a scam, which may explain why it has been denounced for "only" 3500 years.
Now, it's the whole world that will convulse and shudder as the money powers squeeze their last bit out of the pool of victims.
Last edited by jetgraphics; 06-19-2023 at 12:01 AM..
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