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
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