The Chinese Way is the Indirect Way.

In China, if a public official comes out and BLUNTLY WARNS YOU ABOUT THE CHINESE ECONOMY, YOU LISTEN. Especially if that someone is a FORMER DEPUTY GOVERNOR OF THE PEOPLE'S BANK OF CHINA

And especially if this original article was shortly taken down when posted on WeChat.

Hmm, I wonder why...

Wu Xiaoling 吴晓灵, at a commencement ceremony at Tsinghua University's financial college (China Ivy League status), told the graduates a number of alarming things. She is the dean of their college, but also was Deputy Governor of the People's Bank of China (PBOC) from 2000-2007.

There were two uncharacteristically BLUNT statements:

"There are not many days of carnival in the bubble. The preparation for the retreat of the tide is the reality that every country and everyone must face."
"在泡沫中狂欢的日子不多了，做好潮水退却后的准备是每个国家、每个人都要面对的现实。”

The asset bubble is getting bigger and bigger, not only real estate, but also the bubble in other industries, especially the financial industry. When the asset bubble accumulates to a certain extent, it will burst, and the end result is a financial crisis.
吴晓灵的发言也提到了中国经济的现状， 即资产泡沫越来越大，不止是房地产，其它行业也出现泡沫化的现象，尤其是金融行业。

It wasn't all doom and gloom, however. She mixed in a lot of positive things, such as:

"I want to send the students three sentences: recognize the general trend, improve the self, and move forward."
"我想送同学们三句话：认清大势，提升自我，砥砺前行。"

What stuck out so much was the unusually STRAIGHTFORWARD nature of her bearish comments.

From some of her earlier comments in the speech, she has a decidedly free-market perspective.

"Only by persisting in reform and opening up and developing a market economy can we improve the people's well-being and prosperity of the Chinese people"; "Whenever violation of market rules and excessive intervention in the market, the economy will encounter setbacks and people's lives will be affected."
“只有坚持改革开放、发展市场经济才能提升中国人的民生福祉”； “什么时候违背市场规律、对市场过度干预，经济就遭遇挫折，人民生活就受影响。"

Interesting to note is the quasi-free-market tone is decidedly different than the current China leadership. Out here there are ubiquitous signs and banners to "Study deeply the new socialism with Chinese characteristics." They're up to something...

Why Is This Important?

Listening to the "official" news, China is the land of rainbows, butterflies, and happy happy happy. Mao Zedong was "70% right, 30% wrong"

To hear an official PUBLICLY say something like "The Carnival is Over" is unprecedented in the four years I've been here. It means things are getting seriously near a great change as this huge bubble resets and A LOT of wealth changes hands. I welcome it!

What You Can Do

The bought/boring/braindead mainstream news will try to amygdalize you i.e. frighten you into believing that a recession or depression is HORRIBLE! It's not and it won't be, as long as you're prepared and have the correct glass-half-full mindset going into it.

As Doug Casey has repeatedly said, "Most of the world's wealth will still be here, it will just have changed hands."
Thinking positively, learning Austrian economics from Tom Woods, true morality from Mark Passio or others is essential going forward.

In the Material Realm You Can:

• Withdraw From the Fiat "Money" System before it collapses.
  If you're on Steemit, you probably already own crypto. If not, get some and hodl.
• Good information is very helpful and helps put my mind at ease. The best I have found is The Dollar Vigilante.

No, they didn't pay me to say that.

But they were the first to recommend Bitcoin in 2011 (at $3 then), and also recommended Ethereum and Dash in January 2016 ($2, and $3.50 respectively). They have other advice, both physical and mental to prepare you for the coming reset.

And Anarchapulco is the best! I've already bought my tickets for 2019, leave me a comment if you're going too! So much more than just a rah-rah conference.

Real change happens there.

Stay Tuned for More News

There's currently an implosion occurring concering tens of billions of RMB that have gone missing from private lending platforms. Management teams "cannot be reached" and some are fleeing China for the USA. More to come on that one soon.

Original Article Here:
[Google Translation here}(https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.360doc.com%2Fcontent%2F18%2F0711%2F22%2F44450_769685784.shtml&edit-text=&act=url)

Wishing you all the best here!

-Michael McGillicuddy
Fujian, China

And because The Seekers play beautiful music, here's another treat: