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Collapse of China


Stardust
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12 hours ago, Stardust said:

Thanks Stardust - keep the good news coming mate.

Does the world help China out with its liquidity problems, or do they hold back and let them fall. It will be interesting to see if the greed to make profits from China's liquidity problems, can be controlled by the need for the world to allow China (Communism) to collapse.  Me thinks the Covid behaviour of China has made the world realise that what they have done, and will continue to do if allowed, is not in the best interests of the world as a whole.  The fall of the USSR has shown Germany that it can be 'managed' and that a good outcome can be achieved - no need for a war hopefully.  USSR showed that destroying them (the ruling hierarchy) through economic means can be managed to achieve an acceptable outcome. 

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16 hours ago, Stardust said:

Just saw this hit the news threads this morning.  Had not gotten around to reading it until now.  What a shit show.  Folks holding on for dear life to money they have even though it should go elsewhere, and embezzling funds as well.  Looks like Evergrandes Billionaire is undergoing a major audit of his finances.

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Just found this article, I know it is a month old but it looks like Evergrande is trying to liquidate as much as they can.

https://www.msn.com/en-us/money/other/evergrande-sells-off-remaining-stake-in-china-s-netflix-like-hengten-for-273-million/ar-AAQU3Lb

 

Chinese real estate giant Evergrande has sold its entire remaining stake in the film and TV streaming company HengTen Networks Group for $273 million, part of efforts to avoid defaulting on its massive debts.

The world’s most indebted developer, some $300 billion in the red, is struggling to meet interest payments on its loans, and has been selling off shares to raise funds.

 

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Chinese Govt have already started breaking up Evergrand and land sites for development have been returned or taken back.  One hell of a big fire sale that will take care of the Chinese interests and stick it to the OS Bond holders.

The billionaire owner may not be a billionaire after they clean him out.

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https://external.xx.fbcdn.net/safe_image.php?d=AQFlLhlht5oajDPJ&w=150&h=78&url=https%3A%2F%2Fcdn.i-scmp.com%2Fsites%2Fdefault%2Ffiles%2Fstyles%2Fog_image_scmp_generic%2Fpublic%2Fd8%2Fimages%2Fcanvas%2F2021%2F12%2F20%2F84658f0d-1a18-4b68-a2bf-d6d084f4e3bb_c7ac3fa3.jpg%3Fitok%3Dr5y9nupO%26v%3D1640013538&cfs=1&ext=emg0&_nc_eui2=AeHZ0EBxCaX6lNx8JYG21P7ehEDRMqrs2lGEQNEyquzaUUUoxEJS1oh8mbYsGRFYu-0&_nc_oe=6f401&_nc_sid=06c271&ccb=3-5&_nc_hash=AQHiAiAPnQw2Nk9K

 

Two sites in the Chinese city of Chengdu owned by China Evergrande Group, the world’s most indebted developer, were repossessed by the local government after the company let them sit idle for a decade.

The sites were acquired by a real estate development company under Evergrande in 2010 and 2011, according to two notices on the website of the Longquanyi Municipal Bureau of Planning and Natural Resources Chengdu.

“If the developer keeps the land and does not develop it, the land will become idle, which is objectively detrimental to local development. The government wants to sell the land in the hope of making the best use of it,” said Fu Yongsheng, a lawyer at Shanghai Brilliance Law Firm. Developers set up subsidiaries for projects after obtaining land from the government, he added.

The plots have areas of about 259,000 square meters and 84,000 square meters, respectively. The government notices said that construction on the land should have started in 2010 and 2011.

 

 

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just need to add USA blocking CCP China from intl. dollar transfers to bring down the whole rotten barbaric CCP and free China from within. 

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3 hours ago, ThailandRyan said:

Just found this article, I know it is a month old but it looks like Evergrande is trying to liquidate as much as they can.

https://www.msn.com/en-us/money/other/evergrande-sells-off-remaining-stake-in-china-s-netflix-like-hengten-for-273-million/ar-AAQU3Lb

Chinese real estate giant Evergrande has sold its entire remaining stake in the film and TV streaming company HengTen Networks Group for $273 million, part of efforts to avoid defaulting on its massive debts.

The world’s most indebted developer, some $300 billion in the red, is struggling to meet interest payments on its loans, and has been selling off shares to raise funds.

They knew their pants are burning like hell 

 

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38 minutes ago, Stardust said:

I found an interesting article almost 3 years old and analysed the China economy and described it as a fake economy build on debts and bubbles without generating benefits

https://japan-forward.com/chinas-economy-fake-growth-surrounded-by-a-great-wall-of-debt/

Same sort of stuff was being said in Australia by some media pundits and others on social media, but they were dismissed by the mainstream as 'China Hate' and 'China Envy'.  So many vested interests exist in the west (and still do) but Covid has exposed them all and forced their hands.  As they say - sometime you need a big storm to clean away the scum. I hope the storm keeps going and the corrupt evil empire of CCP completely crashes and burns.  I have no sympathy for anything or anyone in the west that goes down with them, and while I do worry about how many Chinese will suffer - it will be nothing compared to the 10s of millions that Mao/CCP have killed in the last 100 years. Some say upwards of 100 million and others say 'only' 40 million.  Either way, Mao killed far more than Stalin. The time has come for Communism in China to be decimated and destroyed, and a lot of people have started to realise that. 

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The only problem with the collapse of the Chinese economy is it will be the poorest in society who get shafted the most. And there are billions of them.

The elites will simply find someone else to blame. USA probably top of the list along with Taiwan, South Korea, Japan and even Australia.

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3 hours ago, AussieBob said:

Same sort of stuff was being said in Australia by some media pundits and others on social media, but they were dismissed by the mainstream as 'China Hate' and 'China Envy'.  So many vested interests exist in the west (and still do) but Covid has exposed them all and forced their hands.  As they say - sometime you need a big storm to clean away the scum. I hope the storm keeps going and the corrupt evil empire of CCP completely crashes and burns.  I have no sympathy for anything or anyone in the west that goes down with them, and while I do worry about how many Chinese will suffer - it will be nothing compared to the 10s of millions that Mao/CCP have killed in the last 100 years. Some say upwards of 100 million and others say 'only' 40 million.  Either way, Mao killed far more than Stalin. The time has come for Communism in China to be decimated and destroyed, and a lot of people have started to realise that. 

While I sympathize to a degree with your with what seems to me to be an obsessional hatred you offer no insight as to the basis of it given that China has long departed "communist" ideals in the social sense but has continued to be overseen by an authoritarian political entity that calls itself "communist".

Those "in the West" you have no sympathy for are the final victims of an ever so clever strategy by "The West" in breaking the back of the CCP. Lauded as a breakthrough in the example of the  first McDonalds outlet in wherever it was in China. That shining example of democratic superiority as proof rampant capitalism was supreme. The backers of this strategy encouraged foreign investment that eventually stripped the viability of home industries to compete  with the massive new and cheap open market capacity that presented in China.

In a sense it has now come full circle. Problematic is that for the moment at least major economies that willingly assisted in the situation remain reliant on China as major trading concerns. In reality there is probably not one major trading nation with China that has a death wish on the Chinese economy. That is  not anywhere the same as thoughts about the CCP !

Too late has come the recognition of the fact that the West has enabled China with accelerated technological capacity, social wealth and opportunity etc but has never fundamentally threatened the CCP in the process.

With the chaos in so many places claiming "democratic" principles despite such as the embarrassing ongoing political situation in the USA which is almost inevitably going to get worse in 2022, the EU and UK distractions , etc sadly leaves the CCP still untouched even as they  gather up and back the substantial material infrastructural remnants of the capitalist real estate experiment that failed because it was allowed to !

 

 

 

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https://chanakyaforum.com/tumbling-evergrande-caged-tech-giants-china-much-desperate-more-dangerous/

 

An ancient Chinese stratagem advises military leaders: “Loot a burning house.” The trick is easy and self-explanatory — attack when your opponent is most vulnerable. China has given, this and many other hideous ancient wisdom, paramount importance in the quest for ‘Pax Sinica’.

After the 2008-09 financial crisis, Chinese firms ventured out to procure discounted bargains worldwide, especially those with strategic utility: iron & nickel ore, oil, and innumerable other commodities that the Chinese economy became dependent on. Thanks to the debacle in Afghanistan, China has successfully deflected the COVID-19 blame and taken a head start in manufacturing. They also have a mouthwatering proposition to exploit the vulnerable situations in Afghanistan.

But despite the world presenting such opportunities, China is staring at stagnant population growth, tumbling business models, and failed ‘Common Prosperity’ program. Xi Jinping and the Chinese Communists Party (CCP) have nothing to show to ordinary citizens before Party Congress in 2022. Is the world heading for another China-created crisis? After all, China loves Milton Friedman’s disaster capitalism.

Dictators love disasters

There is no loyalty in the heart of a traitor, only the false act of appearing trustworthy.
― Jesus Apollinaris

Milton Friedman was the twentieth century’s most prominent American economist. He was a distinguished leader of the Chicago school of economics. In 1951 Friedman received the John Bates Clark Medal honoring economists under age forty for outstanding achievement and Nobel Prize in economics in 1976.

In one of his well-known essays, Friedman stated, “Only a crisisactual or perceived produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable”. He floated the idea of ‘Disaster Capitalism’.

China loves Milton Friedman

China’s 600 million people have two remarkable peculiarities: they are, first of all, poor, and second, blank. That may seem like a bad thing, but it is really a good thing. Poor people want change, want to do things, want revolution. A clean sheet of paper has no blotches, and so the newest and most beautiful words can be written on it, the newest and most beautiful pictures painted on it.”

 

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13 hours ago, Convert54 said:

Too late has come the recognition of the fact that the West has enabled China with accelerated technological capacity, social wealth and opportunity etc but has never fundamentally threatened the CCP in the process.

With the chaos in so many places claiming "democratic" principles despite such as the embarrassing ongoing political situation in the USA which is almost inevitably going to get worse in 2022, the EU and UK distractions , etc sadly leaves the CCP still untouched even as they  gather up and back the substantial material infrastructural remnants of the capitalist real estate experiment that failed because it was allowed to !

Agree with that last part. When they were talking about allowing China to participate in world trade in the 80s, one of the 'benefits' they claimed is that it would stop China becoming like USSR as it would show the benefits of a capitalist economy.  But of course the real reason was that it meant global companies would be able to get things made for less than 20% of what it costs to make them in the west. 

The CCP took what was on offer and then corrupted it to enable themselves to stay in power (even started fake elections like the ones just held in Hong Kong) - that is what all socialist/communist Governments always do - they enforce their own control and power, by taking it away from the people.  Now they are 'running out of other people's money' and it was inevitable - the only question is will the fall end up with them being like USSR or Germany.  But the CCP is going to fight (and will kill) to maintain its control - no socialist/communist Govt has ever taken defeat and walked away - they always have to be removed by force/will.  

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19 hours ago, Convert54 said:

While I sympathize to a degree with your with what seems to me to be an obsessional hatred you offer no insight as to the basis of it given that China has long departed "communist" ideals in the social sense but has continued to be overseen by an authoritarian political entity that calls itself "communist".

Those "in the West" you have no sympathy for are the final victims of an ever so clever strategy by "The West" in breaking the back of the CCP. Lauded as a breakthrough in the example of the  first McDonalds outlet in wherever it was in China. That shining example of democratic superiority as proof rampant capitalism was supreme. The backers of this strategy encouraged foreign investment that eventually stripped the viability of home industries to compete  with the massive new and cheap open market capacity that presented in China.

In a sense it has now come full circle. Problematic is that for the moment at least major economies that willingly assisted in the situation remain reliant on China as major trading concerns. In reality there is probably not one major trading nation with China that has a death wish on the Chinese economy. That is  not anywhere the same as thoughts about the CCP !

Too late has come the recognition of the fact that the West has enabled China with accelerated technological capacity, social wealth and opportunity etc but has never fundamentally threatened the CCP in the process.

With the chaos in so many places claiming "democratic" principles despite such as the embarrassing ongoing political situation in the USA which is almost inevitably going to get worse in 2022, the EU and UK distractions , etc sadly leaves the CCP still untouched even as they  gather up and back the substantial material infrastructural remnants of the capitalist real estate experiment that failed because it was allowed to !

The EU is happy the uk left and many companies from the uk put their productions and many financial companies came to Frankfurt and Paris. So it was a big win for the EU. And the EU sent already their representitive to Taiwan but the UK and Australia not and same with Aukus, the PM from Australia made only blah blah but no action and instead the Germand and French Navy is doing the job

https://www.straitstimes.com/singapore/german-warship-docks-at-changi-naval-base-in-first-regional-deployment-in-19-years

 

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Would even be more prudent if we had boots on the ground [sort to speak] instead of the heavy biased Eurocentric speculation and guesswork based on centuries of unseemly hatred and traditional boogieman foundations.

Just a thought.

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2 hours ago, Rain said:

Would even be more prudent if we had boots on the ground [sort to speak] instead of the heavy biased Eurocentric speculation and guesswork based on centuries of unseemly hatred and traditional boogieman foundations.

Just a thought.

Sure the good xi ccp regime wants the best for the people and the world. What a bias thinking of a regime killed millions of their own people and let them starve to death. Better eurocentric than a empty head and stupid. If you want peace you have to prepare for war and if not you will see what your good ccp chinese missiles and boots on the ground will do. Good Xi regime put people in conentration camps, make mass raping, organ harvesting and a genocide because the Chinese ccp regime are the good people. Good not everybody has the same naivity and we could read a lot of naivity about Evergrande and debts before the defaults.

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4 hours ago, Stardust said:

The EU is happy the uk left and many companies from the uk put their productions and many financial companies came to Frankfurt and Paris. So it was a big win for the EU. And the EU sent already their representitive to Taiwan but the UK and Australia not and same with Aukus, the PM from Australia made only blah blah but no action and instead the Germand and French Navy is doing the job

https://www.straitstimes.com/singapore/german-warship-docks-at-changi-naval-base-in-first-regional-deployment-in-19-years

The machinations of and the outcomes of political often are far removed  in reality from the media presentations for popular appeal and consumption.

I am not so sure that the EU is so "happy" the UK opted  to withdraw from a selective  but not entirely committed participation due to a loss in membership numbers. Like a religion that can demonstrate a growing membership as proof of justifiable ideology the EU can not but  regret the voluntary resignation of compliant members but may be satisfied by the acquisition of voluntary relocation of assets. 

Meanwhile there is a degree of servility to the policies of ? Faux servility to faux cause.

You are not wrong to refer to the actions of Australia and the UK  which I would say will prove to be evidence of the pathetic accommodation to US policy while presenting on behalf of !

If Germany opts to partake in a similar role then it  can only be hoped the calculations in doing so are correct....for Germany and in extension of ...the EU ! But inevitably the  media presentation of some unusual military activity will be biased to assumed confirmation of the source of  compliance.

Or is it a a more benign "heads up " non antagonistic confirmation of a degree of international presence in terms of  trade and of course military capacity which could be instructed to be directed towards an national entity regardless of actual aggressive physical threat but potential economic advance ?

Have nobody ever considered the strangeness of historical fact that has the assassination of "elected" leaders of the world in end result actually "damaged " the established process of "democracy" which in real terms should be defines as "selective  candidate representative bs"  ?

In current political ideologies, applied or not, not one actually satisfies the decreasing viability of living existence beyond survival as microbes or primitive equivalence to because of an inherent predisposition to imposing  by various means "control" ?

Sadly the initiator of war is usually historically presented as most arrogant yet in comparison the objection to that presentation has been shown to be the catalyst for another to capitalize  on opportunity.

Presentation of democratic principles can be touted  but in reality  the end result desired is the establishment or  continued  establishment of a ruling entity that also under the  guise of public representation which for the  majority alters mundane existence until such time they are inducted into a military force to defend what they have never had  nor after will have except  for induced false pride in the act !

"Tall Poppy Syndrome" is the dominant  core of  bs diplomacy and disseminated propagandist public opinion .

ps: If there are those that  can not comprehend my opinion as  put I do not give a flying >>>> !

 

 

 

 

 

 

 

 

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1 hour ago, Convert54 said:

ps: If there are those that  can not comprehend my opinion as  put I do not give a flying >>>> !

That's most of your respondees isn't it? 😃

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12 hours ago, Convert54 said:

The machinations of and the outcomes of political often are far removed  in reality from the media presentations for popular appeal and consumption.

I am not so sure that the EU is so "happy" the UK opted  to withdraw from a selective  but not entirely committed participation due to a loss in membership numbers. Like a religion that can demonstrate a growing membership as proof of justifiable ideology the EU can not but  regret the voluntary resignation of compliant members but may be satisfied by the acquisition of voluntary relocation of assets. 

Meanwhile there is a degree of servility to the policies of ? Faux servility to faux cause.

You are not wrong to refer to the actions of Australia and the UK  which I would say will prove to be evidence of the pathetic accommodation to US policy while presenting on behalf of !

If Germany opts to partake in a similar role then it  can only be hoped the calculations in doing so are correct....for Germany and in extension of ...the EU ! But inevitably the  media presentation of some unusual military activity will be biased to assumed confirmation of the source of  compliance.

Or is it a a more benign "heads up " non antagonistic confirmation of a degree of international presence in terms of  trade and of course military capacity which could be instructed to be directed towards an national entity regardless of actual aggressive physical threat but potential economic advance ?

Have nobody ever considered the strangeness of historical fact that has the assassination of "elected" leaders of the world in end result actually "damaged " the established process of "democracy" which in real terms should be defines as "selective  candidate representative bs"  ?

In current political ideologies, applied or not, not one actually satisfies the decreasing viability of living existence beyond survival as microbes or primitive equivalence to because of an inherent predisposition to imposing  by various means "control" ?

Sadly the initiator of war is usually historically presented as most arrogant yet in comparison the objection to that presentation has been shown to be the catalyst for another to capitalize  on opportunity.

Presentation of democratic principles can be touted  but in reality  the end result desired is the establishment or  continued  establishment of a ruling entity that also under the  guise of public representation which for the  majority alters mundane existence until such time they are inducted into a military force to defend what they have never had  nor after will have except  for induced false pride in the act !

"Tall Poppy Syndrome" is the dominant  core of  bs diplomacy and disseminated propagandist public opinion .

ps: If there are those that  can not comprehend my opinion as  put I do not give a flying >>>> !

First of all you not understand that the press or media is mostly not the same like the english speaking ones. The European view is quite different. And I can assure you the German Army knows exactly what they are doing and they every screw of Chinese warships and submarines. But Germans, French , Europeans don't like the style of the style of the UK or Aistralia always open their mouth and mostly only blah blah blah. Europeans were tired of the big mouth of the UK and happy that the Brexit is done. Germany and France have a different view and mentality and not talk to much. Germany will not talk and come first with theor warships and submarines and maybe talk later. And they are very well positioned in south east Asia I guess you have no glue how many French and Germans are in south east Asia and how many German Companies. Europe is really tired of the blah blah and the ones in south east Asia.

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17 hours ago, Rain said:

Would even be more prudent if we had boots on the ground [sort to speak] instead of the heavy biased Eurocentric speculation and guesswork based on centuries of unseemly hatred and traditional boogieman foundations.

Just a thought.

Have a friend in Hong Kong, and when I have spoken to him he has to be careful of speaking ill about how things are.  Additionally he can not send things out over the internet or even search certain things for fear of reprisals as well as being blocked from sending censurable items out.  Sort of like what Thailand has done by using the les majeste law to censure folks here, but even worse.

https://edition.cnn.com/2021/12/15/tech/china-weibo-censorship-fine-mic-intl-hnk/index.html

 

"The first step in censorship is you can't talk about the censorship. You're not allowed to disclose it unless told to [by the government]," said Eric Liu, an analyst at China Digital Times, a US-based news website tracking censorship in China.
In announcing the penalties against Weibo and Douban, Liu said the Communist Party is "bringing the matter to the surface" on purpose — signaling that such harsh punishment could become a regular occurrence.
In addition to government censors, Chinese internet firms also hire dedicated moderators to police their own platforms, removing content deemed illegal or harmful by the party — which ranges from pornography, violence and fraud to criticism of the government and other information the party considers "politically sensitive" or "morally degenerate," such as LGBTQ content.

 

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15 hours ago, Convert54 said:

The machinations of and the outcomes of political often are far removed  in reality from the media presentations for popular appeal and consumption.

I am not so sure that the EU is so "happy" the UK opted  to withdraw from a selective  but not entirely committed participation due to a loss in membership numbers. Like a religion that can demonstrate a growing membership as proof of justifiable ideology the EU can not but  regret the voluntary resignation of compliant members but may be satisfied by the acquisition of voluntary relocation of assets. 

Meanwhile there is a degree of servility to the policies of ? Faux servility to faux cause.

You are not wrong to refer to the actions of Australia and the UK  which I would say will prove to be evidence of the pathetic accommodation to US policy while presenting on behalf of !

If Germany opts to partake in a similar role then it  can only be hoped the calculations in doing so are correct....for Germany and in extension of ...the EU ! But inevitably the  media presentation of some unusual military activity will be biased to assumed confirmation of the source of  compliance.

Or is it a a more benign "heads up " non antagonistic confirmation of a degree of international presence in terms of  trade and of course military capacity which could be instructed to be directed towards an national entity regardless of actual aggressive physical threat but potential economic advance ?

Have nobody ever considered the strangeness of historical fact that has the assassination of "elected" leaders of the world in end result actually "damaged " the established process of "democracy" which in real terms should be defines as "selective  candidate representative bs"  ?

In current political ideologies, applied or not, not one actually satisfies the decreasing viability of living existence beyond survival as microbes or primitive equivalence to because of an inherent predisposition to imposing  by various means "control" ?

Sadly the initiator of war is usually historically presented as most arrogant yet in comparison the objection to that presentation has been shown to be the catalyst for another to capitalize  on opportunity.

Presentation of democratic principles can be touted  but in reality  the end result desired is the establishment or  continued  establishment of a ruling entity that also under the  guise of public representation which for the  majority alters mundane existence until such time they are inducted into a military force to defend what they have never had  nor after will have except  for induced false pride in the act !

"Tall Poppy Syndrome" is the dominant  core of  bs diplomacy and disseminated propagandist public opinion .

ps: If there are those that  can not comprehend my opinion as  put I do not give a flying >>>> !

<deleted content> First of all I explain you how europeans/Germans think

Action talks more!

Another difference is the english speaking say hello maybe I am coming or be around, Europeans have a complete another mentality if you here the germans/French then they are already here and were here before!

But another important point is the Europeans are bilingual and all are also able to understand english. The english speaking countries only watch the english speaking news and thats why they never understand or know the different views in Europe. Europe watch them but the english not understand them. The english think their news are the source for all including Europe. <deleted content>

About Europe to understand it

Europe has many cultures and languages but one common thing is what brought it together is the common history and that is wars and the pillar and main reason for the founding of the EU and nothing else! First you have to understand the European history to understand Europe and their souls! And why their views are different to the english speaking countries and also their armies and for example why even a small country in Europe will say <deleted content> to Xi and not impressed about China like Australians or Americans and here is the reason:

All the worldwars were on European grounds and the cold war after. For example after the 2nd worldwar the west germans grow up on gunpoint with soviet union missiles and the nowaday army was grounded to handle nuclear war threats and they trained it even in the schools til the late eighties there. Whole Europe east and west is on that ground founded (wars). Same the history of France and Germany. The english are scared to hell about war with Xi because the Australians and Americans never had these wars in their homecountries and not grow up with it. Europeans grow up with wars including cold war thats the main differences and explains why a small country in Europe will immidiately fight as we seen with Xi and the opening of the Taiwanese embassy on EU ground. Europe is in wars before China and CCP China has zero experience in it and if they look at this puppet baby pla soldiers they are mocking this empty baby heads. If you ask a battle proofed french legion soldier trained in the jungles of French Guinea one would eat a whole unit without need a gun because their whole body is a killing machine. But now tp the main point these armies not talk and are around and europeans see it is weak all this big mouth of China but know China cannot build any warship, submarine or aircraft alone and empty head baby puppet soldiers physically and mentally not seen as a soldier in France or Germany compare to their soldiers. But also the english way is seen as weak at the moment because they talk a lot mostly and mostly busy with themself but not realise the important points. The main difference is if you shoot on the Germany/ French Army they grow and going to be more strong they need this challenge a point the Japanese understand and why they made the Alliance now with the German forces for the Indo pacific region. But they not talk they just do it thats the huge differences in mentality and views! Best example is Australia and Aukus blah blah but the French and Germans are inside but no Australian Navy and thats why in Europe they have a big doubts about their readiness including the Nato members in and around Europe.

 

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