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Is China Getting the Greek Treatment?

August 24, 2015

Chinese-small-investors-009.jpgAs China's stock market tumble precipitates a worldwide crash, we revisit this prescient 2011 article entitled "Illuminati Will Burst China's Bubble":

"The Illuminati want a country to be in monstrous debt so they can crash its economy at will, and use the IMF to hijack the country's political system and major corporations. It is likely that China will experience an economic collapse once it reaches the desired level of development."


'Every province in China is Greece. Why aren't they imploding like Greece?' (2011)

David Richards, now 27, teaches English in Mongolia. He was living in China in 2011.

(from 28/12/11)
by David Richards

The mainstream media generally portray the US as a dying giant and China as an unstoppable rising power.

And yet, both countries have virtually the same debt-to-GDP levels. The US has $15 trillion worth of debt and a GDP of just over $14 trillion, while China has a GDP of $5.8 trillion and debts of $5.7 trillion.
So why is China portrayed as being strong? Because, as the Goldman Sachs graph shows, over the next 40-years, the Illuminati plan to weaken the US and strengthen China. Economics are a veil for an agenda.

China is picked to be the economic powerhouse of the New World Order.

A 2003 projection of the world's economies by Goldman Sachs 'predicts' that China's GDP will overtake the US in 2040. By 2050 China's GDP will have reached $45,000 billion, leaving the US a distant second with $35,000 billion. Germany, the powerhouse of the EU, will only have a GDP of $2,500 billion.


This projection is at odds with China's current economic weakness. The economy is fuelled by a construction bubble that should have burst years ago.

Recently Larry Lang, an economics professor and Chinese TV personality, gave a speech spelling out China's dire economic predicament

He calculates China's debt to be about 36 trillion yuan (US$5.68 trillion). This calculation is reached by adding up Chinese local government debt (between 16 trillion and 19.5 trillion yuan, or US$2.5 trillion and US$3 trillion), and the debt owed by state-owned enterprises (another 16 trillion). The combined interest on these debts is a colossal two trillion yuan per year.

Lang believes China is bankrupt and can't understand why the country isn't in economic free-fall. By his memorable calculation 'every province in China is Greece.' Why aren't they imploding like Greece?
China's economy is completely artificial. According to Lang, private consumption makes up just 30% of Chinese economic activity.

In 2010, 70% of GDP came from infrastructure construction, including real estate development, railways, and highways. An investment banker recently described China's construction bubble as the 'greatest bubble in history.'

Clearly, China cannot afford to fuel this bubble itself. The Illuminati bankers fuel it to aid the country's development.


The Illuminati want a country to be in monstrous debt so they can crash its economy at will, and use the IMF to hijack the country's political system and major corporations.

It is likely that China will experience an economic collapse once it reaches the desired level of development.

This is what happened to South Korea, one of the  'Asian Tigers' that crashed in 1997. Like China, South Korea had been going through a rapid period of growth, posting growth figures of 6-10% each year, due to having a protected economy receiving plenty of overseas investment.

However, once South Korea reached the desired level of development, the bankers crashed their economy and took full control of the country.

South Korea needed IMF loans to survive. Before the South Korean general election in 1998, the IMF took the unprecedented step of demanding that all Presidential contenders agreed to their will.

In the 're-adjustment process' all the major South Korean corporations were sold off to foreign investors, e.g. General Electric bought a controlling share in the technology giant LG.

The same scam could be pulled on China.

The Illuminati have put China on a rapid course of development, while keeping the country under their control by making it an economic powder keg that can be lit at any time.

Makow- World markets are behaving irrationally, and the targets seem to be Russia and China. 

Related- Colonial Elite Runs China for the Illuminati

The information on IMF's gutting of South Korea comes from Naomi Klein's 'Shock Doctrine' book Pg 263-


Let's be careful not to fall asleep and forget the Illuminati's convergence strategy;  the Eastern wing strategy most expertly recorded by Anatoliy Golitsyn (RIP).

"Another major event to occur under the 'Long-Range Policy' involves China. Watch for the Chinese Communist government to 'collapse' due to a manufactured economic crisis in several years (circa 2015). This prediction comes from Golitsyn's second book published in 1995, The Perestroika Deception. In it Golitsyn says about China on page 166:

"A campaign for a new system of World Government will be launched at Summit level and will be accompanied by pressure from below, the active use of agents of influence and secret assassinations of leaders who are seen as obstacles. The Chinese will by then have adopted a 'reformed', pseudo-democratic system."

So, according to Golitsyn, the new democratic government to arise in China will be controlled by the Communists from behind the scenes."


"They [the Soviets] induce the Americans to adopt their own 'restructuring' and convergence of the Soviet and American systems using to this end the fear of nuclear conflict.... Convergence will be accompanied by blood baths and political re-education camps in Western Europe and the United States. The Soviet strategists are counting on an economic depression in the United States and intend to introduce their reformed model of socialism with a human face as an alternative to the American system during the depression.
Behind the mask of diplomatic and political cooperation and partnership with the United States and Europe, the current Russian leaders are following the strategy of their predecessors and working towards a 'New World Order'. When the right moment comes the mask will be dropped and the Russians with Chinese help will seek to impose their system on the West on their own terms..

Read more at:
The Cold War may be 'over' for the West. For the Soviets it has entered a new, active and promising phase.
Read more at:

Always remembering:

"In the mid-seventies when the SALT II (Strategic Arms Limitation Treaty) was being discussed by the U.S. Senate, the author of this article (Iserbyt) arranged for a Soviet defector by the name of Igor Glagolev to come to Maine to participate in a debate with Secretary of Defense Paul Warnke. This debate was arranged by Maine's Chamber of Commerce. Glagolev did a superb job presenting reasons why the United States should not sign onto this Treaty. At dinner the same evening Glagolev informed me that prior to his defection, when he held a very high position in the Kremlin, he sat in on meetings at which David Rockefeller Sr. and Henry Kissinger were often present."


Scruples - the game of moral dillemas

Comments for " Is China Getting the Greek Treatment? "

John said (August 25, 2015):

Tianjin, China rocked by major explosion for currency manipulation sending shock waves around the world. Yu Xuewei and Dong Shexuan both are owners for an area that exploded. The port is the third largest in the world recently it handled 476 million tonnages. Four years ago, Romney mentioned Russia was the greatest threat, today Donald mentions China will bring the USA down. As events unfold time will tell what happens next between western powers and China/Russia.

Peter G said (August 25, 2015):

Good article yet again Henry,

The comments regarding India as the next target country seem bang on in my opinion.

Other sites are featuring stories which suggest that the recent port explosion/demolition in China was the use of space based weaponry nicknamed the "Rod of god" as retalition for China's devaluation of its currency.

The part about the secret assassination of problem leaders certainly reminds me of the way Muhamar Ghadhafi was retired shortly after agreement was reached to supply Libyan oil to China in return for euros.

Nothing can be allowed to challenge the supremacy of the petrodollar the oil trade is the only thing that gives that debt rag any value at all.

That and the threat of advanced space based weapons being targeted against you.

James Perloff said (August 25, 2015):

This article makes sense. The bankers would naturally want control of the world's most populous nation, and "the borrower is slave to the lender." Once again, can say, "You saw it here first."

This plan was probably already envisioned when Rockefeller front man Kissinger paved the way for the thaw in relations with Mao Tse-tung, and perhaps even when Mao was connected to Yale and Skull & Bones in the early twentieth century.

A Thompson said (August 24, 2015):

ommunism, whether it is the Chinese, European, Russian, or the American version, is the major problem and almost all of the countries of the world have it in some form. The style may be different but the substance is the same. Communism is a failed economic system. All people have to do is to look at the results. What is interesting is that it needs some form of free trade to support the communism, otherwise, there would be very little to steal.

Communism is a system of slavery. Under these socialists, everyone becomes a slave. Even the rich are slaves. And the primary chains of this slave system are the central banking and the income tax. These two planks of the Communist Manifesto, written by Talmudic Jews Marx and Engels, would have to be completely abolished; along with interest and usury, in order for any economy to become stable. The demonic system of socialism is at the root of all financial problems. The Chinese are no different as evidenced by their devaluation of the yuan and their stock market crash. Living in a system like this is like riding a yo-yo and it never stops.

Communism has never been a viable form of government or an economic endeavor. It is a failed policy and it destroys the moral fabric of any nation.
It should be abolished and thrown into the cesspool of history.

Cliff Shack said (December 29, 2011):

It is amusing to see that some of your readers cannot imagine Illuminati control over China.

It was the Rothschild's who first made contact with China through Admiral Perry who was married to the daughter of August Belmont, the Rothschild agent in America.

It was the Illuminati who doped the Chinese with Opium reaping zillions and gaining total control over the Chinese back then!!!

Scott said (December 29, 2011):

You can't compare the Chinese Bubble to the Western World's financial collapse. The NWO doesn't control China.

China does export goods for NWO retailers like Walmart.

But the Chinese Communist government controls China. It's command economy is not predictable like the more capitalist ones of the West.

The collapse of the US & the Eurozone has to do with their heavy defense spending which does not produce any monetary return but the heavy cost of dealing with dead soldiers returning in Body bags.

China has a long way to go before it becomes a full consumerist economy like the West.

The reason for these Chinese provincial debts has to do with the corruption caused by local Communist government officials creaming off funds they've flipped in creating the sham real estate developments.

But the Chinese developments are mainly government owned/controlled infrastructures, not like those foreclosed in the US which are owned by consumers.

Henry should remember this - South Korea, like Japan, is a stooge to the Western world in Asia. The ROK is a puppet of the US that controls it! South Korea is known to have a very rampant corruption problem!

One reason the NWO doesn't have the complete control over China is also likely due to the tiny Jewish population. You just can't have Jewish bankers and media moguls there like you find in the west. Heck even all the major internet search engines and portals are now totally Jewish run in the US etc..

These Jewish bankers and media moguls are fronting for Rothschilds and not Warren Buffett

Even France has bought into the Zionist NWO model as are most European countries..

they all have central banks which create fake money out of thin air....

most of the Asian countries have copied the Rothschilds model as well

William said (December 28, 2011):

The article, "Illuminati Will Burst China's Bubble" is interesting. In this regard you should read Rising Sun by Michael Crichton. The book was made into a movie with Sean Connery, but the movie lacks the subplot of the book.

If one remembers, one will note that it wasn't that long ago that Japan was the ascendant Oriental economy. Americans were told that we needed to learn how to do business Japanese style, if we wanted to remain in business. Japanese investors were buying up vast tracks of U.S. properties, and Americans were learning Japanese. Then the bubble bust.

Michael Crichton's subplot concerns this boom and bust of Japan. He has a Japanese character stating that America asked Japan to make all the tech junk for America. They did and became fabulously wealthy. So then America told them to invest in American industry, property and banks; which they did.

Then America devalued our currency and overnight wiped out 50% of Japanese wealth. This caused a run on the Japanese banks, which had heavily invested in Tokyo real estate, which was a huge bubble. All this crushed Japan, and they have yet to recover.

While the book blames America, it is obvious that it was the international bankers/illuminati that brought Japan up, and then crashed it to take their profit.

This is what is coming for China. And, indeed, the successor to China has already been determined. It is India, which is in the early days of their boom.

Henry Makow received his Ph.D. in English Literature from the University of Toronto in 1982. He welcomes your comments at