Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: TLittlefella

Your obviously not paying attention to the international financial trade publications. The Chinese economic miracle, is rapidly coming apart. The question is whether they can engineer a soft landing(unlikely) or if they are going to crash and burn, and possible split into numerous new countries. Their real estate bubble makes ours look amateurish, their legal banking system has already failed, the gov just hasn’t been pushed to the wall yet so the zombie’s keep walking. The illegal banking system, used the factories and warehouses full of commodities like copper as collateral. Whole regions of manufacturing have seen the owners/managers flee, owing workers 3+ months of wages. Real inflation is estimated to be about 16% thus the economy may be contracting 4-9%.

Then there is the environmental damage from a decade of wanton disregard of the land and people. Upshot they are screwed and anyone hoping to have them ride in to their rescue is dead.

Last note, the entire chinese trade surplus basically come from the US. We can move to Vietnam, or Indonesia, china has to sell to us or they are done.


14 posted on 12/09/2011 2:11:00 PM PST by waynesa98
[ Post Reply | Private Reply | To 1 | View Replies ]


To: waynesa98

Isn’t the old meme: “When all else fails, go to war”?


17 posted on 12/09/2011 2:13:33 PM PST by JDW11235 (I think I got it now!)
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson