Update: Previous link mistakenly led to another story. The link is now fixed and brings you to the article source.
Because the Chinese have been studying the cycles. From generational theorists William Strauss and Neil Howe, they have learned that political/cultural cycles last only 65 years, and then they collapse, cycles first observed by Taoist monks and Roman philosophers. And China is exactly 66 years advanced since the Chinese Communist Revolution of 1949. In terms of generational cycles, China is on the eve of destruction. (In terms of the Strauss/Howe theory, so are we.)
The Chinese have been studying Western theories and economic cycles like the Elliott Wave, which suggests that the life cycle of a dominant currency has its limitations, and the American dollar cycle has ended. They have been studying economist Harry Dent, investment gurus Jim Rogers, Marc Faber and libertarian Ron Paul, seen often here only in the shadows, and understand that America is at a full economic transition, potentially a catastrophic cultural turning.
They have been reading Nicholson Baker’s day-by-day account, Human Smoke: The beginnings of WWII, the End of Civilization. They understand fully without Western sentimentality or illusion what comes next at the end of the economic cycle: Total war. Continue reading