The collapse of China

The collapse of China.

We are in May 2017 and for several decades, unlikely oracles, philosophers, economists, politicians gathered together with so-called "strategists" in the worldwide neoliberal choir, have been constantly singing the same refrain: China is the new world power and has become the new engine of the world economy.

Let us examine the inside of the engine that is the object of the praises of the global neoliberal choir.

No sooner have you looked inside the so-called "engine" of the world economy that four disquieting shortcomings proper to damage all the self-confidence of the Central Committee of the Communist Party are revealed in the light of the day.

Shortcoming N°1: Severe ontological failure.

At the source of the birth and the real prosperity of a people or a nation are two important 

imperatives: the resolution of the question of good and evil on the one hand and then the birth 

of the individual on the other hand.

Put into contact with the new foundations laid down by the Apostle Paul, the West categorically

rejected the resolution of the question of good and evil, even to extend of qualifying such 

rejection as a condition of access to "progress" and thereby signed its inescapable death. 

Nevertheless, the West discovered and embraced the birth of the individual, the heart of 

Christianity preached by the Apostle Paul; thus temporarily taking a decisive lead over the 

other peoples who strove to place the community or the party or some institution at the helm 

of the world, whereas only the individual acts on behalf of GOD as the originator of history and 

community.

What do we observe in China?

Like the West, China has not at all addressed the resolution of the question of good and evil. In 

addition to this tragic mistake already made by the West, China literally stood up against the 

birth of the individual and against the position of the individual at the command of history.

Ontologically, such a civilization has a precise destiny: collapse.

The only way out for this country is to discover a "new DENG XIAOPING" who will 

understand that it is necessary to solve the question of good and evil and to put the newborn 

individual at the helm of history and community.

Shortcoming N°2: China's current revelation in Africa. 

Currently (May 2017), the whole world knows that the central committee of the Chinese 

Communist Party has a serious structural problem that has brooded for several years: 

overcapacity of industrial production.

The dismantling of many factories and power plants is on the agenda in China and this 

dismantling is very expensive for China because it must be funded! You would have expected 

that in the name of an alleged "friendship" between peoples, the Central Committee of the 

Communist Party would launch a vast program of industrialization of the "brother peoples" 

of Africa against extraction of African raw materials, all this within the intelligent framework 

of what is called in corporate finance Economic Interest Group (EIG). Nothing as such has been

envisaged. Today's China is practicing barter with African countries. It is the extraction of 

minerals against the construction (by the Chinese engineers of course) of few roads and 

monuments; all this seasoned with land grabbing. Of course, we are talking about masonic 

monuments because the tropical Black freemason installed as a slave at the base of the world 

pyramid of Satan simply does not know how to build masonic monuments and joyfully entrust 

the works to the Chinese “brothers” of darkness.

In politics, only acts speak and tell clearly the intentions and profound natures. China-Africa 

summits are multiplying "plans" that promise to flood the African continent with billions of 

USD. In fact, the Chinese leaders have grasped the childish nature of our so-called heads of 

states for who the history sums up to a few billions of USD promises and a few family photos 

flaunted in the world's media.

No China-Africa summit has published a plan "factories against minerals within the intelligent 

framework of Economic Interest Group" listing the plants that China wants to get rid of by 

relocation in Africa, given its overcapacity, in exchange for minerals extracted from Africa and 

used in factories belonging to both China and African countries. In the defense of the Chinese 

leaders, it must be said that when you face barmy African heads of states who have no spirit 

within themselves, have no capacity to think and structure history, you have but only one 

choice remaining: benevolent paternalism and soft imperialism in order to flatter the gigantic 

childish ego of the tropical slave whose horizon of thought is limited to the motorcyclists' 

procession, the screaming sirens and the support letters and folk dances of the village tribe.

China's bartering strategy in Africa has already proved elsewhere its particularly dangerous 

and catastrophic character, but as our initiates of darkness that govern our African countries 

are perfect slaves to their great masters of the masonic lodges, they lack any capacity of 

research and thought. Yet it is not necessary to search for a long time before understanding 

the particularly dangerous and iniquitous nature of the barter practiced by China with the 

"brother" countries. Our insane heads of African states would simply have examined the case 

of Venezuela that they would have understood the urgency to conceive at the level of the 

African Union a complete revamping of the cooperation strategy with China, notifying China 

the option of a closure of the doors of Africa in case China would reject such a complete 

revamping.

What happened in Venezuela? There took place an event that is now a real shame for 

South-South cooperation. During the years of the agitator Hugo Chavez, a turbulent tribune 

fed upon the socialist vulgate and devoid of any strategy, Venezuela sealed an insane “oil 

versus Chinese built infrastructures” contract with China. What has happened at the first oil 

shock? Millions of Venezuelans waiting for long hours in front of shops for a cup of rice, a piece 

of toilet paper or a soap. This is the final outcome of many years of barter between Hugo 

Chavez and Hu Jintao. Bartering with China, therefore, has not provided any basis for real 

economic take off in Venezuela and yet it is exactly the same type of barter that our wacky 

African dictators have sealed with China, adding land grabbing as an aggravating innovation.

The Venezuelan case is a warning to all the peoples of the Third World: The current China is 

by no means a development partner for other Third World peoples and if you dream about 

using China as a development partner, then you must absolutely start by a mutual agreement 

on the cooperation strategy.

Shortcoming N°3: Monetary dwarf.

Contrary to what is suggested by the huge foreign exchange reserves accumulated in USD, 

China is a monetary dwarf.

This country has obviously engaged no valid thinking exercise on the nature of money; which 

is not surprising because it is an ontological shortcoming. Only a people who have discovered 

the individual is capable of posing the problem of money’s nature and seeking for real money. 

China has contented itself with copying from the West and developing the credit-money

(or negative money) which comes into the world only through debt.

Outcome of this? The country is literally strangled by debts and has already mortgaged its 

future by debt before even completing its erection. Government debt exceeds 200% of GDP, 

while private debt (nearly 145% of GDP) and part government-owned debt are of such poor 

quality that the collapse of the Chinese banking system is guaranteed. Even the IMF, which is 

usually so quick to strike up neo-liberal praises, is cautious and whispers that the level of 

compromised claims of the Chinese banking system is very well above the already worrying 

figures that the Central Bank of China dares to publish. Recently, the Central Bank of China 

even invented a new magic trick that we will gladly call red magic: commercial banks 

transform their rotten claims into shares in debtor companies and behold the structural 

adjustment of the whole economy is avoided!

In fact, China does not master money and has never thought about it. Once more; only a 

people who have discovered the individual is capable of thinking on money’s nature.

Since magic is ineffective in economics, China must restore the bad money which has 

massively financed its economic take-off and this restitution can only be done by the budget 

of the Chinese State. But you have seen that public debt already exceeds 200% of GDP. In 

order to finance the Himalayan stock of bad bank credits (bad money), all that remains is the 

cut in public spending, the increase of taxes, unemployment of entire portions of the population

... Yes you have well recognized this old friend named structural adjustment and this is what 

awaits China. Paradoxically, the Central Committee of the Communist Party even envisages a 

growth rate "around" 6.5% for 2017, ignoring completely the bad money that must necessary 

be financed. You are stupefied, but it is so; Bad money must be financed by severe structural 

adjustment because there is no magic in economics.

You may think that China's huge foreign exchange reserves could help. This is where you find 

out that foreign exchange reserves serve only one purpose: buying out of your country! And 

this is how China massively buys US Treasury bonds with its foreign exchange reserves. It 

cannot use its foreign exchange reserves posted in USD at banks in New York to finance its 

huge inventories of bad bank credits. Did you say monetary dwarf?

Shortcoming N°4: Ignorance of systems’ science.

Since Norbert WIENER, the West has mastered the science of material systems before 

engulfing then into a mortal error. For having rejected the Judeo Christian foundations laid 

down by the Apostle Paul, the West has devoted itself to a mortal extrapolation: using the 

axiomatic of material systems to try building and shaping human systems! Unable to grasp 

the perfectly quantum foundations of human history that completely defy the logic of natural 

reasoning, the West who rejected the Judeo Christian foundations of the Apostle Paul runs 

irresistibly to its collapse. One might have thought that China would examine this tragedy that 

engulfed the West in order to avoid suffering the same fate. Yet a particularly

worrying indicator shows that in fact China has not even perceived the usefulness of the 

science of material systems, and is thousands of light years away from suspecting the existence

of a science of human systems. 

This is not surprising because to discover the science of material systems (even before 

suspecting the existence of the science of human systems), China must get rid of another 

ontological flaw: the search for harmony. Let us return to the worrying indicator mentioned

above.

Consider the BRICS (Brazil, Russia, India, China, South Africa).

Since 2009, the BRICS summits have been taking place and now, the BRICS roughly represent

one-third of the world's GDP. One would have expected that, of course, the BRICS would 

implement a system to quickly dethrone the supremacy of the US dollar on the world economy.

In fact, the design of such a system is not very difficult and its implementation would allow the 

five currencies of the five BRICS countries to establish themselves as reserve currencies for 

international trade. Many countries of the world, tired of running after the US dollar, would 

prioritize their international trade with the BRICS countries and would easily use the five 

currencies of the five BRICS countries as currencies of international reserves and exchanges. 

Gradually, the BRICS world monetary platform with its supply of five reserve currencies would

supplant the US dollar. Such a well-designed platform with the five central banks of the BRICS 

as liquidity providers on the central platform would free the entire world economy from the 

FED, from the major systemic commercial banks headquartered in New York, Frankfurt, 

London, Geneva and this in less than a decade. Who should take the leadership of BRICS to 

offer such a BRICS monetary platform to the global economy? China, of course, because it is 

the biggest economic power of the BRICS. But to address this type of revolutionary solution for

the world economy, one must discover and master the ... science of systems; a prerequisite 

which is an insurmountable mountain for China which ontologically rather seeks ... harmony.

Even if such a BRICS platform would come to birth, this would be just a temporary solution 

aiming at freeing the global economy from a single currency tyranny. The real solution would 

come at the second stage: getting rid of credit-money which is a negative money and stepping 

into the era of positive money. But is not this too high and complex for a society which is yet to 

discover the New Born individual?  

There is a deadly need for a "new DENG XIOPING" able to introduce China into the real 

revolution: that of the New Born individual, the diversity and complexity.

By postponing its structural adjustment and its ontological revolution, China is preparing its 

collapse as well as the complete annihilation of the world economy.

We hope that as a result of this cataclysm, civilizations all over the earth will return to the 

fundamentals and finally address the resolution of the question of good and evil, the Birth of 

the New individual who is the father of community, institutions and history, the question of 

positive money and the nature of labor.

Shalom to all the peoples of the earth.

Reverend Apostle Joseph TOUBI

josetoubi@yahoo.com