China is the biggest bubble the world has ever sen. Yes, it will collapse, and the results will not be pretty. We think of them as having this strong central government, but in reality, the central government is weak compared to the strong regional governments. When they collapse, they will fly apart like a motor that has blown a rotor.
Looks to me like the EUrtopian dreams are crashing into reality all over the world.
Thanks for this article. When you combine it with the Euro meltdown article from the Express-well, it’s not a pretty picture out there for the state capital crowd. Hopefully, we can leave that crowd in 2013.
This article at the link is so bad. We are supposed to say to ourselves as we read it, Bankers in the U.S. are OK because they are not as bad as the Chinese government and Chinese corruption.
The truth is, if the bankers had done in China what they did in the U.S., they would all be in jail or worse.
Misleading as the graph shows that HK prices have tripled. They're still high in China taken as a whole, but that's distorting the picture.
If the Chinese economy can keep chugging along with an expansion rate of 8% the Chinese leadership just might be able to pull it off.
Frankly, when the Beijing food riots are broadcast live on Fox, I’m gonna laugh my ass off...
Citizens of the world caught in China when the SHTF are going to lose everything and maybe their lives. I won’t be sad and I will oppose our military being used to protect the globalist ideal. No one wants to be their slaves.
>>>What happens when revolution hits our banker? A few of us here at FR have been pointing to the massive instability in China that others have dismissed. The Chinese house of cards is about to collapse. Everything we have been sold about what a great economic power house this Communist Regime is are based on lies.<<<
Ever since the rise of Bismark in the 1890s, the Americans have been told that their approach is sinking and they need to adopt the newer strategies of the up-and-coming power. Whether it’s Mussolini, or Hitler, or the Soviets, or the Japanese, or, now, the Chinese, it’s been the same song - some authoritarian country has decided to out-American the Americans. You can’t do it without liberty and limited government operating a capitalist system.
Unless, of course, there’s a political party and an ideological elite inside your own country tearing it down at the same time. Such as we have now.
God help us.