Could the next Black Swan event be coming from China? Well, nothing would surprise us. With inequality in China today is at its greatest since the revolution things could start getting interesting. From SMH.
China’s political leaders put stability above all else. So it’s a remarkable sign of the times that they could be passing around well-thumbed copies of a book about the sudden, bloody outbreak of the French Revolution two-and-a-quarter centuries ago.
Why would China’s modern rulers, preoccupied with the leadership handover under way in Beijing this week, be interested in Alexis de Tocqueville’s The Old Regime and the French Revolution?
They are ”fascinated by the French thinker’s writings because of what his observations say about conditions in their times,” says a visiting professor at China’s Sun Yat-sen University, Nailene Chou Wiest.
Since the Communist Party seized power in 1949 in a violent revolution, its highest priority has been to guard against what it calls ”counter-revolution”.
The trader has referred to Patrick Chovanec multiple times when it comes to China and the dynamics “over there”.
Below is an interview with Chovanec sharing his thoughts on the Chinese Leaders and the corruption that risks destroying the country.
Must watch video below.