THE SCAM OF CHINA
The headline on Bloomberg today (10/22) is dramatic: China's Economy Grows 8.9%.
So the Scam of China continues, one the greatest feats of cook-the-books fraudulent accounting in history, but at least it's a teachable moment in Chinese - and Communist - metaphysics.
First, the scam. How is it possible for China's explosive economic growth to be based on gargantuan exports of manufactured goods, for the sale of those exports to fall off a cliff (down over 20% this year), then continue to grow just as explosively without massive exports?
The answer is a) you can believe it because you are Alice in Wonderland's Red Queen who could believe "as many as six impossible things before breakfast," or b) the Chicoms are lying. Which do you choose?
They are lying because, for Chinese, and for Marxist Communists, there is no difference between make-believe and reality. There is no such thing as reality. There is only what people believe. If people believe something is true, it is. If they don't, it isn't, it doesn't exist. This is best exemplified by the Chinese concept of "face" or lien.