How low can China go?

[Publicus]

China equities went deeper and faster into their freefall today by roughly another 8% (7.63%) which brings the crash to virtually 50% of the total market value since June 10th.

The CCP's People's Bank of China central bank reduced rates today for the fifth time this year but took no action on Triple-R because with banks bone dry of money it makes no difference what the Triple-R ratio may be. It is rather odd however as a guy said on tv today, that the CCP reducing rates boosts global markets but has no impact or effect in China itself. The seeming contradiction is actually a no brainer because in China everyone knows the CCP Boyz in Beijing are not in charge or in control of the economy, the financial system especially. It no longer matters what the CCP Boyz do.

So its pretty clear the grandiose global projects of the CCP Boyz are kaput. No Kra canal in Thailand cause there's no money for it. No six-route New Silk Road from the CCP China to Europe which the Kra canal would have been a part of. No new Asia Investment and Infrastructure Development Bank to finance the New Silk Road and lots of other CCP Boyz imperial plans.

No Brics at all never mind the New Development Bank that the fallen Brics were going to use to finance the New World Order. No new canal through Nicaragua to put the CCP Boyz in charge of a new alternative route connecting the Atlantic and the Pacific. No new China lake for the Boyz in the South China Sea. No new brass hats for the Boyz of Bangkok either.

It is the China Century that never was, the China Century that ended before it began. The global economy is shifting away from the East. The New American Century remains astride Asia and beyond. Pardon the touch of triumphalism but China remains an ancient society, culture, civilization, people, dictatorship of emperors in business suits who thought the Europeans Marx and Engels actually had something for them to copy. Wrong ideas and notions completely and entirely. The China Century remains the 12th one, not the 21st one.