Rickards：中国经济衰退的新现实即将到来 [美国媒体]

Rickards: The New Reality Of China's Failing Economy Is Coming Soon

Rickards：中国经济衰退的新现实即将到来

Thu, 08/23/2018 - 19:45
Authored by James Rickards via The Daily Reckoning,

I’ve written for years that Chinese economic development is partly real and partly smoke and mirrors, and that it’s critical for investors to separate one from the other to make any sense out of China and its impact on the world. My longest piece on this topic was Chapter Four of my second book, The Death of Money(2014), but I’ve written much else besides, including many articles for my newsletters.

多年来我一直在说中国的经济发展一部分是真实的，一部分是海市蜃楼与镜中之花，而且它是.对于投资者来说，区分好两者对于了解中国及其对世界的影响至关重要。关于这个话题，我写的最长一篇文章是在我第二本书“金钱之死”(2014)的第四章，但除此之外，我还写了很多其他的文章，包括我的通讯文章。

There’s no denying China’s remarkable economic progress over the past thirty years.Hundreds of millions have escaped poverty and found useful employment in manufacturing or services in the major cities.

不可否认，中国在过去30年里取得了显着的经济进步。数亿人在主要城市的制造业或服务业找到了有效的就业机会摆脱了贫困。

Infrastructure gains have been historic, including some of the best trains in the world, state-of-the-art transportation hubs, cutting edge telecommunications systems, and a rapidly improving military.

基础设施的进步是历史性的，包括一些世界上最好的火车，最先进的交通枢纽，尖端的电信系统，以及快速发展的军队。

Yet, that’s only half the story.

然而，这只是故事的一半。

The other half is pure waste, fraud and theft. About 45% of Chinese GDP is in the category of “investment.” A developed economy GDP such as the U.S. is about 70% consumption and 20% investment.

另一半是纯粹的浪费、欺诈和盗窃。约45%的中国GDP属于“投资”范畴。像美国这样的发达经济体的GDP大约是70%的消费和20%的投资。

There’s nothing wrong with 45% investment in a fast-growing developing economy assuming the investment is highly productive and intelligently allocated.

在快速发展的经济中进行45%的投资是没有错的，前提是投资是高效率和明智分配的。



All of this would be sustainable if China had an unlimited ability to rollover and expand its debt and ample reserves to deal with a banking or liquidity crisis. It doesn’t. China’s financial fragility was revealed during the 2014-2016 partial collapse of its capital account.
China had about $4 trillion in its capital account in early 2014. That amount had fallen to about $3 trillion by late 2016. Much of that collapse was due to capital flight for fear of Chinese duation, (which did occur in August 2015 and again in December 2015).
China’s $3 trillion of remaining reserves is not as impressive as it sounds. $1 trillion of that amount is invested in illiquid assets (hedge funds, private equity funds, direct investments, etc.) This is real wealth, but it’s not available on short notice to defend the currency or prop up banks.
Another $1 trillion of Chinese reserves are needed as a precautionary fund to bail-out the Chinese banking system. Many observers are relaxed about the insolvency of Chinese banks because they are confident about China’s ability to rescue them. They may be right about that, but it’s not free.

所有这些都将是可持续的，如果中国有无限的能力展期和扩大债务，并拥有充足的储备来应对银行业或流动性危机。不是的。中国在2014至2016年资本账户部分崩溃期间暴露出其金融脆弱性。
2014年初，中国的资本账户约有4万亿美元。到2016年末，这一数字已降至约3万亿美元。这种崩溃很大程度上是由于资本外逃，因为担心中国货币贬值(这确实发生在2015年8月，又发生在2015年12月)。
中国剩余的3万亿美元储备没有听上去那么令人印象深刻，其中1万亿美元投资于非流动性资产(对冲基金、私募证券基金、直接投资等)。这是真正的财富，但不可能在短时间内保护货币或支撑银行。
另外还需要1万亿美元的中国储备，作为救助中国银行体系的预防基金。许多观察人士对中国银行破产问题十分松懈，因为他们对中国有能力拯救它们充满信心。他们可能是对的，但这不是没有成本的。

That leaves about $1 trillion of liquid reserves to defend the Chinese currency, if so desired. At the height of the Chinese capital outflows in 2016, China was losing $80 billion per month of hard currency to defend the yuan.
At that tempo, China would have burned through $1 trillion in one year and become insolvent. China did the only feasible thing, which was to close the capital account; (interest rate hikes and further duation would have caused other more serious problems).
This distress might have been temporary if China had managed to maintain good trading relations with the U.S. But that proved another chimera. The trade war, which has broken out between the U.S. and China has damaged Chinese exports and raised costs on Chinese imports at exactly the time China was counting on a larger trade surplus to help it finance its mountain of debt.

如果确认要这么的话，这就只留下了大约1万亿美元的流动性储备来保护人民币。在2016年中国资本外流最严重的时候，为了保护人民币，中国每月损失800亿美元的硬通货。
在这样的速度下，中国在一年内就会消耗掉1万亿美元，并成为无力偿债的国家。中国做了唯一可行的事情，那就是关闭资本账户；(加息和进一步贬值会导致其他更严重的问题)。
如果中国能够与美国保持良好的贸易关系，这种困境可能是暂时的。但事实证明，这是另一个幻想。中美之间爆发的贸易战，损害了中国的出口，提高了中国进口的成本，当时中国正指望更大的贸易顺差来帮助中国为巨额债务融资。

Now trade is drying up and China is stuck with debt it can’t repay or rollover easily. This marks the end of China’s Cinderella growth story, and the beginning of a period of economic slowdown and potential social unrest.

现在，贸易正在枯竭，中国债务缠身，无法轻易偿还或展期。这标志着中国灰姑娘增长故事的结束，标志着经济放缓和潜在社会动荡时期的开始。

The coming Chinese crack-up is not just theoretical. The hard data supports the thesis. Here’s a real-time data summary from the Director of Floor Operations at the New York Stock Exchange, Steven “Sarge” Guilfoyle:
The greater threat to financial markets will come, in my opinion from the slowing of global growth, at least partially due to the current state of international trade. This thought process is lent some credence by last night’s rather disastrous across-the-board macroeconomic numbers released by China’s National Bureau of Statistics. … For the Month of July, in China –
Fixed Asset Investment.Growth slowed to the slowest pace since this data was first recorded back in 1992, printing in decline for a fifth consecutive month.
Industrial Production. Missed expectations for a third consecutive month, while printing at a growth rate equaling the nation’s slowest since February of 2016.
Retail Sales. Finally showing a dent in the armor, missed expectation while slowing from the prior month.
Unemployment. This item has only been recorded since January. Headline unemployment “popped” up to 5.1% from June’s 4.8%.
Oil Production. The NBS reported that Chinese oil production fell 2.6% in July, and now stands from a daily perspective at the lowest level since June of 2011.
China will not report Q3 GDP until October 15. The National Bureau of Statistics reported annualized growth of 6.7% for the second quarter. Depending on the veracity of the data, one must start to wonder if China can indeed hang on to growth of 6.5% going forward.

即将到来的中国危机不仅仅是理论上的。硬数据支持论文。以下是来自纽约证券交易所楼层运营总监史蒂文“中士”吉尔福伊尔的实时数据摘要：
我认为，对金融市场的更大威胁将来自全球增长放缓，至少部分原因是目前的国际贸易状况。这一思考过程在昨晚中国国家统计局(…)公布的灾难性宏观经济数据中得到了一定程度的证实。七月份，在中国-
固定资产投资增长放缓创下自1992年首次记录这一数据以来最最慢的速度，连续第五个月出现下滑。
工业生产。连续第三个月没有达到预期，同时印刷业的增长速度也达到了2016年2月以来的最低水平。
零售额。最后在盔甲上出现了一个凹痕，与前一个月相比，没有达到预期的效果。
失业。这一项目自1月份以来才有记录。整体失业率从6月份的4.8%上升到5.1%。
石油生产。据国家统计局报道，中国7月份的石油产量下降了2.6%，目前处于2011年6月以来的最低水平。
中国将在10月15日前公布第三季度GDP。国家统计局报告说，第二季度的年化增长率为6.7%。根据数据的准确性，人们必须开始怀疑，中国是否真的能够继续保持6.5%的增长势头。



So far, a spirit of compromise is not in the air. A spirit of Chinese collapse and contagion is.

到目前为止，妥协的精神还没有浮出水面。中国崩溃和蔓延的精神早已漫延开来。

Laughing.ManThu, 08/23/2018 - 19:46 Permalink
Rickards sounds like Gordan Chang.

听起来像章家敦

NotTiredOfWinning Laughing.Man Thu, 08/23/2018 - 19:48 Permalink
Trump Tariffs will take it over the edge.
特朗普的关税将把它拉到（崩溃的）边缘。

[tr]GeezerGeek NotTiredOfWinning [tr]Thu, 08/23/2018 - 19:51 [tr]Permalink
"This is not just western propaganda; I’ve seen the ghost cities first hand and walked around the empty offices and hotels."
[tr]There are videos on utube showing these ghost cities in a state of rapid decay. At least some were made with low grade concrete, etc. The US used to build cars that rusted out after a few years. China has apparently done us one better.

"这不仅仅是西方的宣传，我亲眼目睹了鬼城，在空荡荡的办公室和酒店里走来走去。"
在油管上有视频显示这些鬼城正处于迅速衰败的状态。至少有一些是用低等级混凝土等制成的。美国过去常常制造几年后就会生锈的汽车。中国显然对我们做得更好。

[tr]bismillah GeezerGeek [tr]Thu, 08/23/2018 - 20:06 [tr]Permalink
[tr]All of this awful and 99% fake anti-China and anti-Russia propaganda is really getting tiresome.
[tr]Don't the deep state war-lovers have anything constructive and positive to rail about?
[tr]I suppose if it's repeated often enough even the craziest propaganda (like this article) will be believed by damn near everyone.

所有这些可怕的、99%的 假反华和反俄宣传都变得令人厌烦。
黑暗势力（deep state 美剧）里的战争爱好者们难道就给不出一点建设性或者正面的评论么？
我认为，只要不断重复即使是最疯狂的宣传(如这篇文章)也会被几乎所有人所相信。

[tr]ZIRPdiggler bismillah [tr]Thu, 08/23/2018 - 20:10 [tr]Permalink
[tr]It's getting harder and harder to fear the unwashed masses in to war these days with all those dern interwebs

现在越来越难害怕那些无知群众被卷入这场网络宣传战了。



[tr]Dutti Herd Redirecti… [tr]Thu, 08/23/2018 - 20:02 [tr]Permalink
[tr]"I’ve seen the ghost cities first hand and walked around the empty offices and hotels."
[tr]The Chinese learned: If you build it, they will come.

“我亲眼目睹了鬼城，在空荡荡的办公室和旅馆里走来走去。”
中国人早就认识到（这个道理）：如果你建造它，他们就会来。

[tr]ZIRPdiggler Dutti [tr]Thu, 08/23/2018 - 20:07 [tr]Permalink
[tr]"Build it and they will come"....yeah. they're called inmates. or political prisoners....your choice.

“建造它，他们就会来”.是的。他们被称为囚犯。或者政治犯…你的选择。

[tr]Juggernaut x2 NotTiredOfWinning [tr]Thu, 08/23/2018 - 19:55 [tr]Permalink
[tr]China has the whole world to sell to

中国可以向整个世界去卖东西（，而美国…）

[tr]JibjeResearch Juggernaut x2 [tr]Thu, 08/23/2018 - 20:21 [tr]Permalink
So that is the next stage..
[tr]China vs the USA on other markets rather than its own market.
China has the cost advantage until somebody go full automation...
After that... it's basic income...
[tr]Happy ending?... very interesting time... lolz

所以下一个阶段是..
[tr=rgb(247, 238, 255)]中国跟美国在其他市场对决，而不是在自己的市场。
中国有低成本的优势，直到某国实现全自动化
在那之后... 就只剩下最低收入...
欢乐结局？到时候会很有趣.lol

[tr]Cosmicserpent Laughing.Man [tr]Thu, 08/23/2018 - 19:49 [tr]Permalink
[tr]Rickards sounds like my asshole after I eat a big bowl of beans.

Rickards听起来就像吃了一大碗豆子后的我的屁O（意思就是放屁）

[tr]GeezerGeek Cosmicserpent [tr]Thu, 08/23/2018 - 19:54 [tr]Permalink
[tr]The gas you create and expel after a big bowl of beans is worth more than his book about the death of money.

你在一大碗豆子之后制造并排出的气体比他写的关于金钱死亡的书更值钱。

[tr]DarkPurpleHaze Laughing.Man [tr]Thu, 08/23/2018 - 20:25 [tr]Permalink
[tr]Wasn't it just several years ago that Rickard's was talking about how China would soon overtake the US and the USD would greatly weaken [tr]and then gold to the moon would likely happen?
[tr]What happened Jim?

就在几年前，里卡德还在谈论中国将如何很快超越美国，而美元将如何被大大削弱，飞向[tr]月球将近在咫尺？
吉姆出什么事了？

[tr]just the tip DarkPurpleHaze [tr]Thu, 08/23/2018 - 21:08 [tr]Permalink
[tr]uh. well. that was changed to a roadster to mars. you must have missed the memo.

嗯。他换了辆特斯拉正往火星赶呢。你一定错过了备忘录。

[tr]just the tip Laughing.Man [tr]Thu, 08/23/2018 - 21:06 [tr]Permalink
[tr]rickards didn't bring up BRICS in the article. wonder why? you do know that the S in BRICS is south africa. which means brazil, russia, india, and china support taking things from white people and killing them. imo, not exactly a good foreign policy to have. but then again, this is ZH, so, the BRICS thing is a go?

里卡兹没有在文章中提到金砖五国。奇怪吗？你知道金砖国家BRICS中的S是南非。这意味着巴西、俄罗斯、印度和中国支持从白人手中夺走东西并杀死他们。在我看来，这并不是一个好的外交政策。但话又说回来，这是ZH，所以金砖国家的事情是一种尝试？

[tr]roddy6667 Laughing.Man [tr]Thu, 08/23/2018 - 21:18 [tr]Permalink
[tr]You beat me to it. Rickards has a perfect record on China. He has been wrong 100% of the time, just like Gordon Chang. He panders to Americans who have never been to China and have no way to verify anything he says. He appears to be a voice of the Deep State.
[tr]Zerohedge has made a disturbing move toward being a public platform for Deep State puppets. Every day there is some China or Russia-bashing propaganda article that is absurdly full of inaccuracies. Others promote "regime change" in all the countries the Neocons are trying to invade.

你赢了。Rickards在中国有着完美的记录。他100%都是错的，就像章家敦一样。他向从未去过中国的美国人献殷勤，也无法证实他所说的任何话。他似乎是“黑暗势力”（美剧名）的代言人。
ZH做了一个令人不安的举动，向着成为黑暗势力傀儡的公共平台更进一步。每天都有一些抨击中国或俄罗斯的宣传文章充斥着荒谬的不准确之处。其他人则在所有国家[tr]推行“政权更迭”，新保守主义企图入侵的所有国家。

[tr]TradingRat [tr]Thu, 08/23/2018 - 19:48 [tr]Permalink
[tr]Rickards... we know this already.... So the real question is... how many countries did you say will collapse?. Didn't you say there will be war in Korea... Whats the difference between the mainstream media and Rickards who always like to use fear monger as their money grab.

Rickards...我们已经知道了.。所以真正的问题是.你说有多少国家会崩溃？你不是说过朝鲜会有战争吗.。主流媒体和喜欢利用恐惧赚钱的Rickards之间有什么区别呢？

[tr]Herd Redirecti… Pernicious Gol… [tr]Thu, 08/23/2018 - 19:52 [tr]Permalink
[tr]Was your Gramps affilitated with Yalies and/or Skull & Bones by any chance?
[tr]Did he know Sidney Shapiro or Israel Epstein?

你的爷爷有没有和Yalies和/或Skull & Bones有关系？
他认识Israel Epstein还是伊斯雷尔・爱泼斯坦？

[tr]ZIRPdiggler [tr]Thu, 08/23/2018 - 19:50 [tr]Permalink
[tr]well well well mr gold shill himself, CIA RIckards. lol. DXY 95.6 DOW 25656 gold spot 1183. 'nuff said. I dont have my readers on but looks like all the world's capital is flowing into US equities? wouldnt ya say??? hmmmm. Even when the dollar does fail (ten plus years from now) gold aint going anywhere. so, no thanks, no $6000 a year gold stock newsletter for me......I'll hold equities and crypto

好吧，黄金先生，中央情报局的Rickards，哈哈。DXY 95.6 DOW25656 黄金现货1183 .nuff说 我没有读到我的读者，但看起来世界上所有的资本都流入了美国股市？你说呢？嗯。即使美元真的贬值了(十多年后)黄金也不会变成什么样。
所以，不，谢谢，哪年都不会收到6000美元的黄金市场速报…我会持有股票和加密货币。

[tr]Consuelo [tr]Thu, 08/23/2018 - 19:52 [tr]Permalink
[tr]Every week. Sometimes every day.
[tr]Since 2008™

每周。有时候每天。
自2008年起™



[tr]Mike in GA MuffDiver69 [tr]Thu, 08/23/2018 - 20:40 [tr]Permalink
[tr]^^^100% just the facts^^^^^^^

^100%只是事实^

[tr]just the tip MuffDiver69 [tr]Thu, 08/23/2018 - 21:12 [tr]Permalink
[tr]i don't know or care about NY's economy, but russia's economy is 3/4 that of texas, with five times the people of texas. that must be some goooood vodka they got over there.

我不知道也不关心纽约的经济，但俄罗斯的经济是得克萨斯州的3/4，那里的人口是德克萨斯人的5倍。那一定是他们买到的好伏特加。

[tr]truthalwayswinsout [tr]Thu, 08/23/2018 - 20:10 [tr]Permalink
[tr]China had 30,000 BMB's ready to go off in the beginning of 2018. There are now 28,700 left to explode. A BMB is a Bernie Madoff Bomb. One that went off around April cost China $280 Billion of its vaunted capital reserves.
[tr]Right now they are going off one every other day but for the tune of $9 billion each.
[tr]By the end of the year there will be 28000 of them left and you will see China's reserves drop by $800 billion if not more.
[tr]We believe Trump is making a massive mistake. He is playing Vietnam War with China and is giving the Communist Party time to use its most successful tactic against the US: bribing Congressman or their families and friends to the tune of billions and billions of dollars. This has worked well in the past and if you investigate just a little you can see clearly who is getting Rich on the Chinese trade surplus with the US.
[tr]Trump should have gone with an all out boycott and the Communist Party would have been put against the wall and shot. It is still possible that will happen but Trump has to survive November. If he does, China is toast.

2018年初，中国有30000BMB准备起飞。现在还有28700要爆炸。BMB是伯尼·麦道夫的炸弹。其中一次在4月份左右爆炸，使中国损失了2，800亿美元的自吹自擂的资本储备。
现在，它们每隔一天就会减少一次，但每一天要花费90亿美元。
到今年年底，中国的外汇储备将剩下28000，如果不是更多的话，中国的外汇储备将会减少8000亿美元。

我们认为特朗普正在犯一个巨大的错误。他正在与中国打越南战争，并让中国有时间对美国采取最成功的策略：贿赂国会议员或他们的家人和朋友，金额高达数十亿美元。这在过去很有效，如果你稍微调查一下，你就能清楚地看到谁在中国对美国的贸易顺差问题上变得富有了。
特朗普应该全力抵制，而中国会全力抵抗否则就会被打死。这种情况很有可能发生，但特朗普必须在11月生存下来。如果他成功了，中国就完蛋了。

[tr]yewtaipan truthalwayswinsout [tr]Thu, 08/23/2018 - 20:50 [tr]Permalink
[tr]KISSINGER DESTROYED AMERICAN MIDDLE CLASS JOBS, AGREE OR NOT ?
[tr]China huge forex reserve is the result of pegging 8.8 yuan to 1 USD in 1993-94, as a preconditon to gain access to WTO and getting MFN status. This is a big mistake made by Kissinger, who guided and devised the US-China relationship since 1980.
[tr]The ultra cheap yuan policy is to prevent exports of American goods to China by making it expensive, and encouraged exports of China factory goods into US.
[tr]Kissinger will never admit he make this biggest foreign policy error. Ultra cheap Yuan policy also part of the package of Petrodollar hegemony strategy devised by Kissinger. This policy is designed to enrich the Wall Street elite and improvished the middle class americans by exporting good paying manufacturing jobs to China especially.

[tr]Ultra cheap yuan policy is a big mistake because it distorted global trade to favor China and create huge budget deficits in US, and caused US to be 22 trillion dollars in debt in 2017.
[tr]It also resulted in the 1997-98 Asia financial crisis which destroyed the economy in south east asia countries like Indonesia and Thailand. It also caused Suharto to be toppled from government and thousands of Indonesian Chinese killed during that economic crisis in 1097-98.
[tr]It created a powerful China with big military which US can not control now.
[tr]Now China is stuck with weak yuan policy to survive and to create jobs and increase exports. China exports surplus with US amounts to USD350-400 billion yearly and this give China financial power to print 2 trillion yuan yearly to finance their huge infrastructure and military expansion projects which benefits China elite mostly.
[tr]Do you think American 30 million middle class can continue to be suckers forever living on food stamps because no good paying jobs ?

基辛格毁了美国中产阶级的工作，同意还是不同意？
中国巨额外汇储备是1993-94年8.8人民币与1美元挂钩的结果，是加入WTO和获得最惠国待遇的前提条件。这是基辛格犯的一个大错误，自1980年以来，基辛格一直在指导和设计美中关系。
超便宜的人民币政策是防止美国商品向中国出口，使其价格昂贵，并鼓励中国工厂产品出口到美国。

基辛格绝不会承认他犯了这个最大的外交政策错误。超便宜的人民币政策也是基辛格制定的石油美元霸权战略的一部分。这一政策旨在丰富华尔街精英阶层，并通过向中国输出高收入制造业工作岗位，使美国中产阶级即兴发挥作用。

超便宜的人民币政策是一个大错误，因为它扭曲了全球贸易，有利于中国，在美国造成巨大的预算赤字，并导致美国在2017年的债务高达22万亿美元。
它还导致1997-98年亚洲金融危机，破坏了东南亚国家如印度尼西亚和泰国的经济。这也导致苏哈托在1097-98年经济危机中被推翻，数千名印尼华人被杀害。
它创造了一个强大的中国，拥有强大的军事力量，美国现在无法控制。

现在，为了生存，创造就业机会，增加出口，中国一直坚持人民币疲软的政策。中国每年对美国的出口顺差达3500亿美元至4000亿美元，这使得中国每年可以印刷2万亿元人民币，以资助其庞大的基础设施和军事扩张项目，这主要有利于中国精英阶层。
你认为美国3000万中产阶级会因为没有好的薪水而永远靠食品券为生吗？

[tr]yewtaipan truthalwayswinsout [tr]Thu, 08/23/2018 - 20:53 [tr]Permalink
[tr]" This has worked well in the past and if you investigate just a little you can see clearly who is getting Rich on the Chinese trade surplus with the US. "
[tr]Do you have any website links showing Wall Street elite getting rich on China surplus ?

“这在过去很有效，如果你调查一下，你就能清楚地看到谁在中国对美国的贸易顺差问题上变得富有了。”
你有没有任何网站链接，显示华尔街精英在中国盈余问题上变得富有了？



[tr]JibjeResearch MaxThrust [tr]Thu, 08/23/2018 - 20:25 [tr]Permalink
There will not be a collapse...
[tr]Only robots, AIs, and blockchains automation ...
[tr].... and then, Universal Basic Income!

这不会有崩溃的...
只有机器人，人工智能和区块链自动化.。
.然后，全世界都只拿的最低收入！

[tr]JibjeResearch [tr]Thu, 08/23/2018 - 20:23 [tr]Permalink
[tr]I expect both the US and China to go full printing mode!
[tr]Like they have a better choice lolz ahahh ahaha :)
So get on BTC (only 21 millions, very hard to get) or other cryptos..
[tr]or stand around scratching your ballz when others are tasting ... XXX :)

我希望美中两国都能采用全面印钞模式！
就像他们有一个更好的选择，lol，哈哈：)
然后买比特币(只有 2100万个哦, 非常难得到) 或者其他加密货币..
或者在别人在那享受的时候，你站在那里扯你的蛋.XXX：)

[tr]Kreditanstalt [tr]Thu, 08/23/2018 - 20:25 [tr]Permalink
Obviously, Trump is a problem. But, long-term, the Chinese should be disengaging from as much US$ use as possible and it should be made perfectly clear to those companies who persist in selling to the U.S. that they will be doing so on an "at your own risk" basis...

显然，特朗普是个问题。但是，从长远来看，中国应该尽可能多地停止使用美元，并且应该向那些坚持向美国出售产品的公司清楚地表明，他们将在“自己承担风险”的基础上这样做.

[tr]matermaker [tr]Thu, 08/23/2018 - 20:43 [tr]Permalink
[tr]Is this the same Rickards who said a few years ago that the Yuan would be the new reserve currency, backed by gold?

这就是几年前Rickards所说的人民币将成为以黄金为后盾的新储备货币吗？

[tr]yewtaipan [tr]Thu, 08/23/2018 - 20:46 [tr]Permalink
[tr]in Chinese 'culture' the cheat is considered clever and the victim considered stupid.
[tr]PLEASE BEWARE OF THE MAINLAND CHINESE

在中国文化中，欺骗被认为是聪明的，而受害者则被认为是愚蠢的。
请小心大陆人

[tr]surf@jm yewtaipan [tr]Thu, 08/23/2018 - 20:49 [tr]Permalink
The democrat party culture also.....
The sly grin of democrats while they tell lies betrays what they are.....

民主党的文化也...... 民主人士在说谎时狡猾的笑容背叛了他们的...

[tr]surf@jm [tr]Thu, 08/23/2018 - 20:47 [tr]Permalink
China.....
Both worship lying as the normal way the their world works......
Jesus named Satan as the father of all lies.....This telling of a truth is harmful to China, and so Christians must be destroyed and wiped out.....
As long as Truth does not reside in China, they can never be set free.....
But here is one Truth China cannot hide....Their present power is derived from the wallets of the American people....A golden goose they cant afford to destroy or lose....

中国
他们都崇拜谎言是他们世界正常运作的方式.
耶稣将撒旦命名为所有谎言之父.讲真话对中国是有害的，所以基督徒必须被摧毁和消灭…。
只要真理不存在于中国，它们就永远不会被释放…
但有一个事实是中国无法隐藏的.他们目前的权力来自于美国人民的钱包.一只他们无法摧毁或失去的金鹅.

[tr]Davidduke2000 [tr]Thu, 08/23/2018 - 21:09 [tr]Permalink
[tr]Rickards admits he is a CIA asset, what else we expect from him ? last fall he said the US will go to war against NK and the us will show many new secret weapons, LOL , these new secret weapons were so secret we never saw them.

Rickards都承认他是中情局的资产，我们对他还有什么期望？去年秋天，他说美国将向NK（鑫）发动战争，而美国将展示许多新的秘密武器，哈哈，这些新的秘密武器是如此的秘密，我们从未见过它们。