Posted by ThePythonicCow
(here)
As I have long suspected, the true origins of much of the dramatic changes and rise in world economic power of China in recent decades were driven by Western financial powers.
Cynthia Chung spells this out, with her usual detailed research, in a four part series, beginning with:
Part I of Cynthia Chung's series opens with this introduction:
=== ===
The True Origins of China’s “Social Credit System” Part I
Cynthia Chung
Jun 11, 2026
One of the most infamous criticisms of China over the past several years that has formed the basis for viewing the country as an Orwellian surveillance state and its citizens as mere drone-like-automatons is its supposed “social credit system.” But what if I were to tell you that the origin of this Orwellian “social credit system” and the fintech (financial technology) credit loan bubble crises were actually created by the same Anglo-American institutions that also created the United States’ 2008 financial crisis? Or that fintechs such as Alipay, Antpay (both created by Jack Ma) and Wepay (Tencent) are not truly Chinese creations but have in fact been managed and funded by Anglo-American institutions that overlap heavily with Project Stargate? Or that China in fact cracked down on this back in 2020 which was portrayed by western press as a global scandal when the poor Big Tech billionaire Jack Ma was taken down a few pegs?
As this four-part series will go through in great detail, the reality was that these Big Fintech companies were giving out predatory loans on the level of what sparked the 2008 financial crisis. These Big Tech companies, like Alibaba and Tencent didn’t hold skin in the game and were going to come out on top, even if mass defaults of loan payments were to occur and which were already happening. This is something that even by a western viewpoint, should not be left unchecked. Alibaba and Tencent were effectively acting as banks while holding no responsibility of a bank. It was a powder keg ready to explode, and as I will showcase in this series, was engineered to do so.
In addition to this, these Big Tech giants Alibaba and Tencent, had created their own social credit scoring and were creating rewards and punishments based off of a user’s score that would determine what discounts/deals they would receive as a consumer on their platforms (think of Amazon, Apple Pay and Google Pay on steroids), or whether the penalised user would have limited access or temporary banning etc. to these platforms, such as music or films, video games, online shopping, restaurants, loans, rental deals on apartment units etc., thus, penalties meant you didn’t have full access or the best “deals” offered on their platforms.
...
Alibaba and Tencent are still global giants in Fintech, however, they are beholden to proper banking regulation now which put at an end to the predatory loaning (they no longer give out P2P loans), as well as their reward and punishment social credit system. Thus, China clamped down on Big Tech’s social credit system and deemed it illegal to create rewards and punishments.
In truth, there is a double standard that is repeatedly applied to China. In this case, criticizing China for having been too lax on these Big Tech giants, which led to the P2P (peer-to-peer fintech loans) crisis that hit a boiling point in China from 2013-2018, and then when China regulates these Big Tech giants’ actions such that predatory actions are not tolerated, the West howls that China is being authoritarian. As we will see in this series, China’s P2P crisis was an Anglo-American construct, the same construct that also triggered the 2008 financial crisis within the United States.
In this series we will go through the history of how China clamped down on Big Tech in great detail, including members of its own government that were found guilty of corruption and went to jail. Yes, you heard right, China, unlike in the United States, responded to this financial crisis sparked by predatory loans by actually sending high-ranking government officials to jail.
Meanwhile, these very institutions continue to go largely unchecked in the West with the most recent BigTech Private Credit Loan bubble ready to burst in the United States. Even the former Goldman Sachs CEO who led the bank through the 2008 financial crash, Lloyd Blankfein, told the Telegraph recently that he “smells [another] crash coming.” The question is - is this just all reckless happenstance, or is it an engineered “reboot” of the financial system where Big Tech comes out on top?
=== ===
To answer Cynthia Chung's question "
is this just all reckless happenstance, or is it an engineered “reboot” of the financial system where Big Tech comes out on top?", I would recommend an entirely different post, also just made.
Here is the finest history of "Western Civilization" that I recall reading, from Rome to Venice, to the Vatican, to Amsterdam, to London, to New York, from landed royalty to ordained Popes to the wealthiest families to intelligence technology on a global scale:
The Long Inquisition: How Christian-on-Christian Violence Perfected the Binary and Prepared the Modern Mind for Its Final Enclosure, by E.M. Burlingame, Jun 10, 2026.
I quite agree with Burlingame's conclusion in the above article:
The human being isn’t, at bottom, a unit of belief to be sorted, nor a unit of debt to be serviced, nor a unit of attention to be harvested, but a field of coherent energy — metabolic, bioelectric, neural, and electromagnetic — whose full integration constitutes a power the enclosure has always, and rightly, regarded as its deepest and only real threat.
I look forward to Burlingame's next in this series: the human being reconceived not as a mind to be enclosed but as a field of coherent energy to be realized — the Anthropini Energeia Scale, and the measure of what we were built to become.
Perhaps Burlingame would answer Cynthia Chung's question
"Is this an engineered “reboot” of the financial system where Big Tech comes out on top?" with "
Yes".
Re: What's happening in China?
Reply With Quote
Bookmarks