By Rich Kozlovich
The world as I see it.
I don't care how many pieces telling us China's doing just great, or how they're investing in all the third world nations, or how they're making economic inroads into South America and Mexico - stealing our thunder - which is a direct result of the incompetence and anti-American corruption of the Biden administration.
I've paid close attention to China over the
years and nothing is ever as it appears with China. Here are some of my
"China files".
Here's
the reality. China's banking system is corrupt, flawed, and nothing
they report can be trusted as it's nothing more than a department of the
government and will adopt whatever philosophy the CCP adopts on any
given day. China has a lot of internal problems other than just Hong Kong.
Their
debt load is staggering. Their economy is predicated on central
planning. Their "capitalism" is based on full employment, not
profitability. The level of corruption has been staggering in the past,
and while Xi is trying to curtail it all, remember, they're communists,
and corruption is second nature to them. Not to mention the fact
corruption by the powerful and rich has been a cultural paradigm in
China for centuries.
China is an economic leaky vessel, and Trump understood that.
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