China has been faking their growth numbers for years. There is no actual way their economy has grown at all this year.
There is an joke about how the GDP numbers are faked by government officials year ago that went like this. Person A says to Person B: “I’ll sell this piece of turd to you for 1 million RMB”, Person B says “deal”. The sale is reported to the government official. An hour later Person B says to Person A: “I’ll sell this turd back to you for 1 million RMB”. Person A says “Deal”.
They report the transaction to the government. So at the end of the day the government reports 2 million RMB in GDP for that day.
“China has been faking their growth numbers for years. There is no actual way their economy has grown at all this year.”
They can fake all they want, yet EVERY time I see a table of raw material consumption, they are on top, sometimes by an ORDER OF MAGNITUDE...and those numbers DO NOT come out of China.
So I guess they could be throwing half the world’s coal into the Pacific (for example), but I kind of doubt that’s what they’re actually doing, since it costs DOLLARS to buy that coal.
Trivia point: The reason that the Japanese were so successful in Pearl Harbor was that moved our Pacific Fleet there, from San Diego. We did that because we ‘knew’ that Japan was a backwards country and did not have the capability for their torpedoes to work in relatively shallow water. So we even DOUBLED them up in Pearl Harbor, side-by-side.
Just to get our asses kicked due to our arrogance and BEING WRONG about our enemy.
My point is that if the Neocons want to go on a World War 3 rampage, which seems to be the case, the LEAST they could have done would have been to BEEF UP the military first, BEFORE getting into combat with other Superpowers. Instead they were JUST FINE with turning our military into a giant gay bathhouse.
They didn’t lift a finger to get ready and that was due to PURE ARROGANCE and it still may cost us millions of lives, unless they’re STOPPED.
“Person A says to Person B: “I’ll sell this piece of turd to you for 1 million RMB”, Person B says “deal”. The sale is reported to the government official. An hour later Person B says to Person A: “I’ll sell this turd back to you for 1 million RMB”. Person A says “Deal”. “
Is this about USA real estate bubble, and the 2008 financial crisis ?