Recession in the West allows for Chinese authoritarianism to spread
Financial Woes and the Chinese Century.
As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a recession in 2023 and a string of financial crises in emerging market and developing economies that would do them lasting harm, according to a new study by the World Bank.
Central banks around the world have been raising interest rates this year with a degree of synchronicity not seen over the past five decades — a trend that is likely to continue well into next year.
The currently expected trajectory of interest-rate increases and other policy actions may not be sufficient to bring inflation back down to levels seen before the pandemic.
Unless supply disruptions and labour-market pressures subside, those interest-rate increases could leave the core inflation rate (excluding energy) at about 5 percent in 2023 — nearly double the five-year average before the pandemic, the study finds.
The study highlights the circumstances under which central banks are fighting inflation today.
Several historical indicators of recessions are already flashing warnings. The world economy is now in its steepest slowdown following a post-recession recovery since 1970.
Consumer confidence has already suffered a much sharper decline than in the run-up to previous recessions. The world’s largest economies have been slowing sharply. Under the circumstances, even a moderate hit to the economy over the next year could tip it into recession.
The study relies on insights from previous recessions to analyse the recent evolution of economic activity and presents scenarios for 2022–24. A slowdown typically calls for policy to support activity.
However, the threat of inflation and limited fiscal space are spurring policymakers in many countries to withdraw policy support, even as the economy slows sharply.
The experience of the 1970s, the policy responses to the 1975 recession, the subsequent period of stagflation, and the global recession of 1982, illustrate the risk of allowing inflation to remain elevated for long while growth is weak.
The 1982 recession coincided with the second-lowest growth rate in developing economies over the past five decades, second only to 2020. It triggered more than 40 debt crises and was followed by a decade of lost growth in many developing economies.
As we stare down yet another period like this, the circumstances allow for China — and more specifically their authoritarian model of communist capitalism — to spread and become more dominant.
THE RISE OF CHINA
China’s economic, military and diplomatic ascent is allowing Beijing to increasingly promote its style of politics on the world stage. Its foreign policy provides up to US $8 trillion in investment to developing countries, particularly in Africa and Latin America, through its Belt and Road Initiative.
The strategy’s name echoes the historic Silk Road from 2,000 years ago, a series of powerful trading routes connected to China. This series of investments in ports, bridges and major infrastructure around the world has given China enormous influence.
China has also built up a strong portfolio by selling intelligent monitoring systems (which can be used to censor negative public opinion online) and surveillance technology to other countries.
It also exported its social credit system to Kazakhstan, Kyrgyzstan and Mongolia.
These are Black Mirror-style systems where governments can score people for taking actions that officials approve of. This development is worrying as China is now exporting the technological means (through which it has achieved its near-total social and political control) to other authoritarian-minded countries.
For the last several years, Beijing has questioned the idea of universal human rights at United Nations’ meetings.
In 2018, it requested that the phrase “human rights defender” be removed from the UN lexicon.
If it is able to erode the idea of these rights, then it will open up more room to expand authoritarian practices across democracies.
Democratic backsliding only appears to perpetuate this.
It also limits the ability of the west to criticise China and others for increasingly ignoring the “rules-based” international order.
As such, Beijing is currently creating an alternative way of ordering the world.
China’s successful authoritarian-capitalist model underpins this vision.
China is also creating competing international institutions (such as the Asian Infrastructure Investment Bank and the Shanghai Cooperation Organisation.
Some analysts predict it won’t be long before the Yuan becomes the dominant world dollar.
Together with wider democratic decline, there is a mounting convergence around authoritarianism.
If these trends come to dominate global politics, the remaining democratic rights enjoyed in the West will be deeply threatened. At worst, they may be entirely replaced by repressive governments, heralding a new China-centric world order and the beginnings of an authoritarian century.
A century that might have very well been the plan all along.
ALL BY DESIGN
Communist China was created following World War II. They have been developed as the test model for techno-fascism to be rolled out on an international level. Eugenics, surveillance, authoritarianism.
To understand just how this is the case, we must look no further then the establishment of present Communist Party of China and their support from Western counterparts during civil unrest.
The controversy regarding the political status of Taiwan, sometimes referred to as the ‘Mainland Issue’ from a Taiwanese perspective, is a result of the Chinese Civil War and the subsequent split of China into two present-day self-governing entities.
These are the People’s Republic of China (PRC; commonly known as “China”) and the Republic of China (ROC; commonly known as “Taiwan”).
Taiwan, Penghu, Kinmen, Matsu, and some other minor islands effectively make up the jurisdiction with the official name of the ROC, but are commonly known as “Taiwan“.
If you are familiar with this controversy, you will know that things remain tense to this day, even with related nationalities here in Australia. Many pro-China demonstrators are countered by Taiwanese.
The ROC, which took control of Taiwan (including Penghu and other nearby islands) in 1945, ruled mainland China and claimed sovereignty over Mongolia and Tuva, before losing the Chinese Civil War to the Communist Party of China (CPC).
Taiwan was the democratically elected government of China before the communists took over.
Following this defeat, ROC relocated its government and capital city from Nanjing to Taipei as temporary capital in December 1949. The CPC established new government on the mainland as People’s Republic of China (PRC) in October 1949.
Today, both sides remain in conflict over who the true rulers are.
Why is this important?
Well, when you understand just how much influence Western forces had in the financing and success of communist revolutions across the world, you can gain a deeper picture on how this all happened.
The West funded the communists so they could install a fake, puppet regime.
The history of Wall Street and Anglo-American finance in China is one that is rarely discussed in western media or even academia, whereas knowing it would explain much about both China’s stunning economic rise over the past 70 years.
There is never genuine tension and enmity between The US and China, only manufactured, because everything is proceeding according to wider, deeper, much longer-term planning based on desired, durable (and thus) political coordination. An international social credit grid.
The Rothschilds, for example, are linked to the Communist Party of China.
The Rothschild’s Global Advisory Panel provides “impartial, expert advisory and execution services” to large and mid-sized corporations, private equity, families and entrepreneurs in China.
Not surprisingly, they have direct access to the Chinese and North Asian markets through local Chinese bankers, who are based on the ground in Shanghai, Beijing, and Hong Kong.
According to the China section of their website:
“We command an in-depth knowledge of the region’s economic development and the challenges facing its industries, and have developed an exceptional understanding of the local regulatory and market environment.”
The economic rise of China was no coincidence.
All countries post-WWII were created by the West and their larger powers to test which model of control is the best. They soon discovered the techno-surveillance model of China was the key moving forward.
There are no countries, only international powers behind the scenes.
As the West falls, and China rises, this is merely an overlay strategy many decades in the works.
An illusion to gain further control under the existing one-world system of governance.
A system that hasn’t been legitimate since the end of WWII.
Those who were living under the ‘freedom’ experiment will find this transition the hardest, whereas those already living in similar digital dystopias (like China) welcome the shift with open arms.
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5 thoughts on “Recession in the West allows for Chinese authoritarianism to spread”
“There are no countries, only international powers behind the scenes.” So now we know who backed the awful Mao into power in the 1940s, and who have maintained control over the CCP ever since:
the Rothschilds (and Rockefellers). Thus whatever we see China doing in the world today (e.g. “Belt & Road”, especially in Africa, Asia and South America…and on a small scale in the Pacific), we know it is with the approval of these paymasters. As David Icke has stated for years: “What you see happening in China today [e.g. total surveillance, “social credit” control, etc] is what is planned for the rest of the world tomorrow.” And now we see it happening…