It will fail, just as ours will fail. We have QE to the tune of Trillions, which has given our stock market record highs, while the rest of the nation is in an actual Depression with a real unemployment rate of close to 23%.
In both China and Obama's Amerika, we have tried to stimulate the economy through very low interest rates to generate artificial growth.
"Artificial" never, ever, never works.
When China devalued their currency, the jig was up. But Wall Street and "investors" (central bank teat suckers really) are caught between their own fantasy land and their own arrogance.
China has made it illegal for their own people to sell most stock, and yet the markets are still imploding.
So what will China do? Well, they just did this a few hours ago.
Hundreds Arrested as Beijing Launches Stock Market Crackdown
"On-line rumor mongering"......."collusion with conspirators"......."
If those charges sound like Orwellian or Antichrist tyranny, they are. And THAT is what our money gamblers are counting on to pull our own economy along?
