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China's need for economic growth impeded by economic flaws

If we could explain to China the truth concerning those flaws and enable China to grow without constraint, we should not only help China but help ourselves.

Western economists see China as the yellow peril, which will threaten our survival if it ever got into its stride.

Money men now rule the world and will use economic flaws to prevent this happening. Unfortunately those identical economic flaws have an evil effect on us, but we seem unable to observe the obvious.

By helping China to avoid those economic flaws, we shall come to see how those same flaws spoil our lives. From the direst poverty of China growth will entail a vast increase in China's supply of money. This will have to be new money which does not as yet exist.

China will find itself borrowing that new money into existence and in that process getting itself into debt.

This will happen because the Chinese will not understand any better than we do, that you cannot borrow that which does not exist and when you attempt to do so, you allow someone to counterfeit money for you.

That is a trap the Chinese will fall into, the instant that China resists to pay the global price for oil, as that price goes through the roof.

We can tell China how to pay through the nose for oil, help to push the global price of oil even further through the roof, and make the West suffer to extremes, without causing themselves any stress whatever.

China needs to understand that in the Western world the meaning of words is changed as needed to serve any evil purpose.

For instance we in the West now equate credit with money. But at the same time we equate the word credit with debt. That trickery is bad enough, but because money is our means of exchange and we slide into using debt as our currency, we look around for another means of exchange.

We use oil as our means of exchange so that the price of oil becomes all important.

The amazing consequence of this shift of meaning, lies in the hidden fact that it is so much easier to create new money than to extract oil from beneath the ocean's floor.

But because we in the West have never taken the trouble to define what we mean by the word money, we have decided that only bankers know how to make money and forbid anyone else to do so.

We in the West allow private banks to issue new money as credit.

Whosoever creates and issues our currency has total power, control, dominion and sovereignty over us.

We make it legal for bankers to counterfeit money ad lib.

We make it legal for criminals to have absolute control over us. We become enslaved by debt and we lose our freedom, which is not pleasant.

If we can persuade the Chinese to show the world a new and better way to advance, everyone will win.

Even the bankers will be better off, when taught how to be honest.

Doctor Edward C Hamlyn MBChB