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 fundamental

s 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