If you think in the short term only;{"and who can blame you if you do"}then you may not be interested in what is going on as far as employment and environmental issues in China;that are going to have huge ramifications for Canada . After spending many months in China ;and given that my wife and in laws are from China;and given the fact that my connections in China {mostly Shanghai} are really quite prevalent for a Canadian I will go on record "Now"; as stating!; that your children will be the recipients of what is going on in Asia as a whole. The Canadian life style; that has been lived by you and me for so many years;is coming to a end . This is not only a issue of" money"; but a issue regarding the quality of health for Canadians. Given how; and what I see around me as far as personal expectations on consumption I believe there will be real issues for Canada by 2020.I have stated; in past posts that I think 20% unemployment is feasible; after careful thought;I believe I was wrong. Unemployment in Canada is going much ; much Higher.Canada can not compete one on one with China; "believe me it will never happen"I never believed the talk; until I made the walk.
I suppose avoidence of reality is bliss
22 comments:
I wrote this back in 2008 when I was staying on the penthouse floor of the tallest tower in Shanghai. Back then you could see how Canada was relying almost obsessively on future business with China. Canada was ignorant of social issues in China wilfully or not that allowed Canadians cheap goods. Canadian's looked at China as a country that could be abused environmentally with little concern for the people of China.Canada was profiteering off the Chinese people all while knowing the true state that China was in.
Now 1o years later the call by Graydon Investments Group LTD {Edward HC Graydon } appears to be the best market call regarding Canada,Chinese relations on the planet.
Today is January 18 2021 and regardless of circumstance s and virus the call of 20% unemployment by Graydon Investments was more than likely the best on the planet !! I have never found better, as hard as I try, I guess we are too far out in the lead?
I know we are not quite there at 20%, but now that Biden is in he will capitulate to the Chinese CCP ,continuing with the status quo of basic human enslavement of many Chinese . It will be like nothing happened when it comes to that issue ! And for that reason back in 2008 I could see that regardless of leader Trudeau ,Trump or Biden. Canada will and cannot compete in any way with CCP take over it is here right now ,it hit our shores and it is only beginning to start ! I stated quite precisely that 2020 was only the beginning and the start of it all and from there it will only get worse!
I think before Trudeau’s first election and before he decided to even run his brother had influence over him in his decision making regarding China they both touted themselves as know it alls regarding China ! But what Trudeau stated as something positive and one of the countries attributes he most admired ? It was China and their ability to get things done ! I think he was right in that regard ! It is impressive what China has done as far as construction and manufactureing of almost every thing on the planet while destroying the natural habitat that destroyed farm land while making the drinking water not fit for human consumption it is close to poison regardless of where you are in China. if it is out of the tap.
China has taken over Canada in an economic way ,it happened back in 2008 but Canadians and financial forecasters just did not realise it until now. You cannot compete against slave labour in the manufacturing of so many goods and for this reason Canada basically manufactures nothing including oil now ! so you see when I say
Materialism and capitalism when mixed with no cost slave labour at the cost of the natural environment will result in 20% unemployment for Canada beginning in 2024 !
Edward HC Graydon
I think Trudeau was very clear! About his intentions with regards to oil, I find it hard to believe any Canadian believed other wise?Justine Trudeau was more than clear on his stance on the issue of all oil production in this country ! Give credit to Justine Trudeau following through on achieving his goals! Joe Biden helped him forfil his dreams of the first baby steps needed to try and end oil production in Canada. I remember thinking it was unstoppable back in 2015, as it was obvious when the pope was on side, it was a global issue now and Trudeau was there man! I am OK with that ,as I happened to agree with the Pope and the Global elite back in 2015! When I read the levels of mercury being found in fish effected by the oils sands in the far North and artic, I could not support it?
I was a converted globalist and in agreement with the cause of denouncing production in Canada ! I am not even opposed to the carbon tax, as the richer countries really should pay, as even the poorest Canadians ,if it trickled down have it much better!
But in the news today he says he is disappointed that the XL pipeline was cancelled? I think he betrayed the true environmentalists that want to go all the way !
He is playing both sides without conviction for one!
I think it is impossible for any Canadian to proclaim they believed Justine Trudeau was pro oil before he was elected！In fact I think if Trudeau wants to keep his voters who believe the underlying premise that the Canadian oil industry should be shut down in its entirety .He should capitulate to the Americans I think the planet would be at a turning point in reducing fossil fuel dependence if he did. I think if Trudeau suddenly came to the immediate understanding that doing so reduces the possibility of contamination of the Great Lakes beyond any possible repair ,should such a leak take place . I think the Americans are doing the right thing by the planet as a whole and Justine Trudeau needs to capitulate and realise the American frame of thinking at this time in history is ultimately better for the planet. The immediate financial consequences should the Americans get the outcome they desire are inconsequential and an acceptable outcome in reality . Shutting down pipeline 5 is a really good move for the environmentalist and those in power to achieve the goal of making the world oil free.
I think Justine Trudeau could weather the storm if he where capitulate to the Americans.
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Edward H.C Graydon
2 years ago
Wow ,On Facebook I had stated that it would be weeks until the first new store would open . I was wrong . Either way if Fred is there to celabrate the opening ,the optics are terrible.
As far as the new stores they are exspense .They are wastefull as far as the pastic,glue and cardbord it takes to hold one pre-rolled joint. I could not believe it.It was like unwrapping a Gillete Mach 3 razzor package Very short sighted from an enviromental side. And to tell you the truth, I am a little concerned that the medical aspect of all this has disappeared.I mean when you are getting warnings that the same chemicals that are present in tobacco I start to wonder about the health benefits? I think the whole thing is a mess and monopolising and closing down the independents that might be growing under less harmfull conditions should be able. I do not think these stores are the answer .,I would really like to see organic weed but unless you grow your own everyone is smoking ?? It needs work. The idea in principal of leagisation is really in question .The new way seems so Plastic fantastic. « less
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Edward H.C Graydon
2 years ago
I don't want to crash the excitement Hamilton must feel of adding another harmful and addictive drug to our streets but the government ad that is trying to draw attention to the harmful effects states to start with small amounts don't try too much. If I was sitting mayor I would be down playing the opening for concern for those children over five that can read . I would be promoting don't start.Now I have seen it all ! I really did not think the day would come that a sitting mayor would celebrate the sale of a substance that is known to produce the same carcinogens as tobacco .. « less
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Taken from todays CBC article ....I am adding my political position .
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Edward H.C Graydon
4 minutes ago
CONTENT DEACTIVATED I personally believe Trudeau lied to president Xi regarding his understanding of misses Weng’s arrest .Originally Trudeau stated he was unaware of her arrest in Canada ....She is CCP military that is why China wants her back .....And Trudeau knew of this and lied to Xi, hence the position Canada and China find themselves ....But the conservative leader is making a fool of himself and playing political rhetoric that is hard not to respond too !
The death penality of the Canadian meth dealer was justifed and personally I am ok with the sentence. It is asine of the conservative leader to equate the average law abiding Canadian with this habitual repeat drug dealer and I think Canadians and Chinese also know the difference regardless of politics . So apply caution when in China and don’t smuggle in Meth « less
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In many ways I think this statement is why so many Chinese preferred trump !
I consider Mr. Xi the most dangerous enemy of open societies in the world. The Chinese people as a whole are among his victims, but domestic political opponents and religious and ethnic minorities suffer from his persecution much more. I find it particularly disturbing that so many Chinese people seem to find his social-credit surveillance system not only tolerable but attractive. It provides them social services free of charge and tells them how to stay out of trouble by not saying anything critical of Mr. Xi or his regime. If he could perfect the social-credit system and assure a steadily rising standard of living, his regime would become much more secure. But he is bound to run into difficulties on both counts.
On Oct 2, 2021, at 09:17, Edward Graydon wrote:
I am not thrilled by the actions of CBC {Canadian Broad Casting Corporation}they manipulate the truth with misleading headlines they claim that differing views if posted in the comment section is in fact grounds for being banned for life…What is wrong with the editors of CBC ? I used my name and took responsibility for what was publicly stated . It is a public forum in which I used my real name. Regardless, what is worse they removed every comment and or opinion that was ever publicly aligned with them that had my name attached ..This is a blatantly pathetic use of government intervention by way of the Trudeau Government? This is getting really quite concerning for those that like participating in open public forum’s online. I think what is being witnessed by myself and against myself if willfully? Is the beginning of the end of civil conversation in Canada
The CBC is now closer in similarity to the CCP, than the actual CCP”
If you cannot find what I stated ,that is censorship
China’s Power Crunch Exposes Tensions Ahead of Key U.N. Climate Summit
China burns more fossil fuels than any other nation, making it the planet’s top source of greenhouse gases. And its appetite for electricity is only growing.
This was taken from todays New York Times and it is the reason I was articulating what I did back in 2009 as the side effects of materialism ,capitalism and or consumerism is what we are now dealing with in 2021.
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https://www.ft.com/content/f939db9a-40af-4bd1-b67d-10492535f8e0
The Pentagon’s first chief software officer said he resigned in protest at the slow pace of technological transformation in the US military, and because he could not stand to watch China overtake America.
In his first interview since leaving the post at the Department of Defense a week ago, Nicolas Chaillan told the Financial Times that the failure of the US to respond to Chinese cyber and other threats was putting his children’s future at risk.
“We have no competing fighting chance against China in 15 to 20 years. Right now, it’s already a done deal; it is already over in my opinion,” he said, adding there was “good reason to be angry”.
Chaillan, 37, who spent three years on a Pentagon-wide effort to boost cyber security and as first chief software officer for the US Air Force, said Beijing is heading for global dominance because of its advances in artificial intelligence, machine learning and cyber capabilities.
He argued these emerging technologies were far more critical to America’s future than hardware such as big-budget fifth-generation fighter jets such as the F-35.
We have no competing fighting chance against China in 15 to 20 years. Right now, it’s already a done deal
Nicolas Chaillan
“Whether it takes a war or not is kind of anecdotal,” he said, arguing China was set to dominate the future of the world, controlling everything from media narratives to geopolitics. He added US cyber defences in some government departments were at “kindergarten level”.
He also blamed the reluctance of Google to work with the US defence department on AI, and extensive debates over AI ethics for slowing the US down. By contrast, he said Chinese companies are obliged to work with Beijing, and were making “massive investment” into AI without regard to ethics.
Chaillan said he plans to testify to Congress about the Chinese cyber threat to US supremacy, including in classified briefings, over the coming weeks.
This article from Reuters only lends credibility to our pridiction {Graydon Investments Group LTD} of 20% unemployment in 2024.
Worries over possible spiralling effects of a debt crisis at developer China Evergrande Group (3333.HK) drove Chinese high-yield spreads to record highs on Wednesday, days after the company missed another dollar bond deadline.
The company, which has more than $300 billion in liabilities, on Monday missed its third round of interest payments on its dollar bonds in three weeks even as other firms warned of defaults.
In the clearest sign yet of global investors' worries of spreading debt contagion, the option-adjusted spread on the ICE BofA Asian Dollar High Yield Corporate China Issuers Index (.MERACYC) surged to a fresh all-time high of 2,337 basis points on Tuesday evening U.S. time, above a previous top of 2,069 basis points on Friday.
Investment grade spreads also jumped to their widest in more than two months. (.MERACCG)
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"We see a risk that a disorderly correction in the property market could cause sharp price declines, hitting the personal wealth of homeowners," Kim Eng Tan, a credit analyst at S&P Ratings, said in a report.
"Such an event could also contribute to large-scale losses by investors in wealth management products, and the contractors and service firms that support the developers."
Evergrande did not pay nearly $150 million worth of coupons on three bonds due on Monday, following two other missed payments in September.
While the company has not technically defaulted on those payments, which have 30-day grace periods, investors say they are expecting a long and drawn-out debt restructuring process.
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Chinese property companies' bonds continued to fall on Wednesday, comprising seven of the top 10 losers among Shanghai-traded corporate bonds.
Bonds issued by developers including Shanghai Shimao Co Ltd (600823.SS)China Aoyuan Group (3883.HK) and Country Garden Properties Group fell between 1.6% and 7.4%, according to exchange data.
Dollar bonds also fell, although traders said limited market liquidity following earlier routs meant prices were only indicative, with tradeable prices possibly 10-20 points lower than screen prices.
Marketaxess quoted a Kaisa Group Holdings (1638.HK) June 2026 bond as falling 0.9% to 41.125 cents. Its yield has risen to around 40%.
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In equity markets, a sub-index tracking A-shares of property firms (.CSI000952) fell 0.7% against a 1.2% rise in the blue-chip CSI300 index (.CSI300).
Markets in Hong Kong were closed on Wednesday due to a typhoon affecting the city.
WALL OF DEBT
Evergrande's main unit, Hengda Real Estate Group Co, faces a 121.8 million yuan onshore bond coupon payment on Oct. 19 and Evergrande has another $14.25 million dollar bond coupon due on Oct. 30.
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Debt pressures extend far beyond Evergrande. Chinese property developers have $555.88 million worth of high-yield dollar bond coupons due this month, and nearly $1.6 billion due before year-end, and Refinitiv data shows at least $92.3 billion worth of property developers' bonds maturing next year.
Evergrande's mid-sized rival Fantasia (1777.HK) has also already missed a payment and Modern Land (1107.HK) and Sinic Holdings (2103.HK) are trying to delay payment deadlines that would still most likely be classed as a default by the main rating agencies.
"These stories have challenged the notion that Evergrande is one of a kind," analysts at Capital Economics wrote in a note.
While China's policymakers will likely be able to avoid a "doomsday scenario", the overextended property sector will continue to weigh on the world's second-largest economy, they said.
"Even following an orderly restructuring of the worst-affected developers with minimal contagion to the financial system, construction activity would still almost inevitably slow much further."
I wrote this in response to George Soros article on China!
EDWARD H.C GRAYDON
Nov 4, 2021
Personally, Given my connections to China and the conversations I have had it is my opinion Trump was seen as the best possible option by the greater Chinese populous in regards personal freedoms. Trump was seen by the Chinese people as a liberator and it seemed as though at least by the Chinese citizen that Trump was doing it out of altruism for personal freedom.
Trump argued in front of the world and quite adamently that China needed to level the playing field in as far as manufacturing ! And that manufacturing of all goods should return to the United States soil. It was a pretty good sales job to argue to the masses of voters in the United States at that time. as China was before that not really on the radar in such a pronounced way ...
But Trump’s sales job perpetuated the idea of consumerism, only while doing so would have contributed to the destruction of the natural world only on United States soil. China is in a horrible position regarding the natural world ! It is very difficult on the environmental side of things to spend a great deal of time in China due to the side effects of the worlds weakness regarding Materialism .
If Trump was successful of having the world accept this as the new reality it would have only transferred the environmental nightmare back onto US soil.
The world underestimated China while greedily trying to take advantage of them financial regardless of the effects on the planet .And this has been going on for decades.
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This cut and paste from the CCP owned newspaper proves that using your real name when posting to the internet has its benefits as who else but myself can claim to have called the future in such a accurate way!
Canada is Chinese citizens' least favorite country, according to state media survey. Canada, once a hot travel destination among Chinese people, has become China's least favorite country, according to a recent survey from state-run Global Times.Jan 7, 2022
Humans are not capable on average of applying delayed gratification it is obvious given the circumstances the world now finds itself in .
So it is my opinion only that the coalition between ones credit rating and climate change could be entertained as an introduction into conversation around responsible materialism that would be forced apoun the world by way of force.
One of the biggest arguments made in society on almost every online site dealing with personal finance is maintaining a positive credit rating in order to participate in the system that facilitates materialism .
Those with very high credit scores on average have very little debt and have very low credit utilization .Credit utilization could be used to show how some are out of control regarding personal entitlements while on this planet.
The side effect of materialism is toxic waste and pollution this cannot be disputed and because it is a human weakness society needs to draw attention to those that are abusing there time while on this planet by way of exsessive personal consumption .
On average a credit score of 800 or more indicates a credit utilization of around 6% relative to availability. While those that find themselves victim to human nature without inner contemplation are in fact the main culprits and their credit scores are indicative of this.
Already posted to an article written by George Soros on Project Syndicate!
I concur and it is for this reason Materialism, the addiction that it is be crushed by higher interest rates! I think the premise or argument around global warming would be better served targeting the human weakness ? Greed! I concur with your analogy that makes it seem that Americans are out of control in regards too extra curricular vices and or miss guided addictions possible caused by the system itself . Capitalism is the problem that leads to despair as the game of capitalism let's call it materialism, is based on a human weakness as humans are weak minded and not prone to applying delayed gratification hence the reason for bank service charges that are almost more destructive than compounded interest.
Not all people are as you describe them ! And for those that play the game well and manage to enjoy the system and are prone to benefiting from it ! How can the elite of this world reduce their carbon footprint ? The excesses in personal consumption are seen in those that are currently facing calls from the banks asking for payments as debt levels are barometers or indictors of lack of control regardless of inflation at least regarding North Americans as they lack insight into the meaning of true hardship.This is an assumption on my part. But one that I believe to be true.
I believe the best thing that could be done to help eliminate the plaque of righteous misguided consumerism would be to raise the rates to where it really starts to hurt the bottom line as it seems this is now the intent? But I would promote higher rates as a God send to those that advocate on behalf of climate change the premise of needing to raise rates based on inflation and argue in front of the world its necessity in the global fight against materialism as a strategic way of fighting climate change and the excesses of modern life on this planet or at least in North America.
The attached headline was front page news on todays CBC.
China expels Canadian consul in Shanghai, one day after Ottawa orders Chinese diplomat out.
Wow ! It seems such a fantastic coincidence to have predicted the inevitable .
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Edward H.C Graydon
MAY 13, 2019
In 2008 I was staying in the penthouse floor of one of the tallest towers in Shanghai listening to tjhe local CCP News station and there was a documentory type program that was talking about how Chinese criminals where going to flood the market with this drug in order to wipe out North America by creating a continent of drug addicts . It was a very disturbing program and I will always remember how they stated it could not be controled. I do think many of these drugs are coming from China, although I rarely see drug addicts in China and believe the intentianal target or destination point was indended for Canada .China seems to play a double standard to some degree but because they have taken the stance of applying the death penalty drug use in China is not that common. I would not have a problem with the death penalty in Canada. And by the way China did Canada a favour by giving the Canadian Meth dealer the death sentence .
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Edward H.C Graydon
DECEMBER 8, 2022
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Was it misinformation that was perpetuated onto myself while in China? Was the Documentary wrong in retrospect ? I will clarify that when China has a no drug use policy and its citizens are also firmly on board with this ideology while having the death penalty for drug use it is counter productive on behalf of the Trudeau Government to lift the bans on drug use across the board or at least promote the idea publicly in front of the world while the Chinese watch on . Drug use does not promote harmony in society or help benefit it in any way its use is on average detrimental and the Chinese recognize this while remember the Opium Wars. Given the destruction drug dealers have on countries regardless of where I support harsher penalties hence my stance back in 2019.
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Edward H.C Graydon
DECEMBER 8, 2022
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If only CBC could extend its ability to allow those that participate on this site to edit there input like you can on Gates Notes ! It would really help in further discussion and communication and serve as an overall benefit .
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Edward H.C Graydon
17 MIN AGO Today June 25 2023
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CONTENT DEACTIVATED – WHY? AI ,what do you think about this and does this lend credence to my proposed question to yourself as a form of artificial intelligence regarding internet protocol and publicly stated commentary and does this lend credence to the fact that Chinese documentary programs within China appear quite accurate as it now appears the information that I was exposed to in 2008 was in fact accurate.
China produces accurate news at times outstanding and based on this I am pleased to have related publicly my opinions regarding where much of the Fentanyl and Meth importation was coming from.
Screen shot from the United States justice department!
Justice Department Announces Charges Against China-Based Chemical Manufacturing Companies and Arrests of Executives in Fentanyl Manufacturing
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Edward H.C Graydon
43 MIN AGO
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CONTENT DEACTIVATED – WHY? The attempted assasination of Donald Trump seems indicative of the side effects of mass media and those who are prone to being effected.
Personally ,I believe those that now profess in hindsight the rhetoric in the news towards Donald Trump was to harsh ,outlandish and that it helped fuel the fire by helping it come to fruition should have been applying critical thinking on the issue of side effects before it become a problem .
Donald Trump is just the centre of attention at the moment of what is the ramifications of mass media on the human mind ,while those who capitulated to the fears of covid have also been effected, it is how they respond that is the issue.
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To the World Bank and the editors of Project Syndicate !
Personally ,I am of the mindset and would seriously consider without doubt to the possibilities of contemplating the development of a way of curing climate change by way of pharmaceutical use.
It sounds horrible ! It would seem outrageous ! It is in fact scary to think this way ! What kind of human could possible suggest such a thing? This is outrageous and should be banned from the human thought process by being censored as an idea?
Please accept my somewhat dramatic contemplation as to the possibilities of developing a drug ! Or brain storming between your contacts in the industry the possibilities of looking at currently used drugs that cause the users side effects to take on characteristics that show significant reduction in ones interests in consumerism while on the drug.
Take the least harmful drug with the intent of really trying to change the planet where the end user feels he could possible benefit and feels he might actually be in need of such a drug !
Fine tune all ready used drugs on the market that have been shown to be safe, repackage the drug as a way to not only help people who find themselves seriously over extend financially find relieve by way of disinterest in perpetuating the ongoing addiction while helping solve that aspect of human nature that contributes to climate change.
Start looking into the possiblities of funding the idea in principal and contemplate if this is not just crazy talk?
Personally if I had the inside knowledge and abilities I would start thinking seriously as to the financial benefits to those that might want to consider presenting such a possibility and orchestrating it's possible coming to fruition.
Make something people might want to actually participate in based on the grounds of helping those addicted avoid financial ruin based on the inability to apply delayed gratification that inevitably leads to angst when dealing with the ramifications of financial over exstention caused when helping purpetuate a signifiant contributing factor in the cause of climate change .
I would start seriously considering dealing with the underlying cause of climate change ? And contemplate how this could be presented as a positive on the premise of fighting climate change from within.
It seems the addiction is resistant to interest rate hikes and not prone to change with that approach, hence the need for possible inquiry into medical intervention?
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