[TigerLikesRooster]

Ping!

[Uncle Ike]

“China economic rebound not real:”

I guess that’s fair - neither is the Obama-touted American ‘economic rebound’....

[Ghost of Philip Marlowe]

If the leaders of all nations truly cared about their countries and their people, we would all go into a 10-year hunker-down mode where we pay down debt, produce real goods and services, and live according to simple means.

This is the only way we can avoid another world war and destroy the central-banking systems whose ulterior motive is to destroy the sovereignty of nations and force them into a global nationhood controlled by a central government and based on a global currency administered by a world economic ministry.

It would be a tough 10 years, but all nations would emerge freer and more sovereign and would have the basis to then earn real prosperity, not the debt-based illusion of wealth.

[familyop]

So Talbott joined in to tell the latest big lie. Readers should also follow the link and read the last three paragraphs.

[familyop]

At least a few investment advisors have been telling their clients for months to go long on China (to invest there), while other individuals (import interests?) sponsored propaganda to the contrary. The traitors won’t get away with it.

[Ghost of Philip Marlowe]

“...1.4 billion Chinese and one billion Indians have decided to be capitalists...”

A good article except for this line.

The ChiComs are first and foremost totalitarians, and they stated as much to the Soviets who helped establish their central powers. When it came time to set up the economy, they told the Soviets, no thanks, we see what your country’s economy is. We’ll use Capitalist principles with wealthy nations to be wealthy.

But true Capitalism must entail freedom to choose (as Milton Friedman explains in “Free to Choose”), otherwise it won’t last.

I’ve heard stories (purely anecdotal, I know) of 50-story buildings in China that are completely empty save for the ex-farmers who came to the city for work and are now squatting in them. If this is true and China’s economy is propped up by stimulus, I don’t know how the major nations of the world can avoid world war to wipe their debts clean.

[wolfcreek]

Must be a lie because we all know China is sitting on a bunch of WORTHLESS paper. US paper.

[GOPJ]

The signs of recovery being seen around the world are due to huge stimulus packages, which will only prop up economies for another 12 to 18 months before they collapse again, he says.

Crippling debt, high unemployment and the retirement of baby boomers means people's ability to spend will diminish. "Stimulus (packages) around the world are a mistake, because if government could create jobs we wouldn't need private enterprise," he said.

On the money - thanks for the ping, Tiger.

[bruinbirdman]

"Talbott thinks China may have cooked its books about the scale of its recovery."

Transparency?

First the Commies complain about the value of the buck, yet, they are pegged to it

We hear they are stockpiling commodities, iron ore specifically.

The ChiComs are spending $800+ billion on stimulus.

Now at the Ambrosetti Workshop at Lake Como, Cheng Siwei, until recently Vice-Chairman of the Communist Party’s Standing Committee now a sort of economic ambassador for China around the world says Red China is buying gold.

Why is it Communists are never to be trusted?

yitbos

[ponder life]

China economic rebound not real: Talbott

Whatever the fluff that surrounds Chinese data, one thing is clear, foreign companies are expanding in China. Case in point; both Volkswagon and GM are investing billions to EXPAND auto production in China.

Either the data has really pulled the wool over the eyes of foreign execs or automobiles really are flying out China's showrooms.

[Sawdring]

How is Australia beautifully positioned if its growth is tied to China and China is cooking its books? This guy thinks these governments can keep this up for another 18 months?