Angry investors capture head of China metals exchange
China syndrome threatens markets meltdown: Evidence from both shipping and factory activity is that the Chinese economy is in trouble
China’s Xi Jinping at center of concern as markets begin new week.
Record capital flight from China as industrial slump drags on: China's state media decries "unimaginably fierce resistance" to economic reforms, a sign that president Xi Jinping is becoming furious with incompetent party officials
4 comments:
You can focus on China all you want, but NO MARKET is immune to this crash....got your guns and ammo yet? Where will you be when this economic meltdown makes food scarcity a REALITY on a daily basis in America..
The Zombie Apocalypse programs and movies were just hollow representations of HUMAN NATURE when they are starving, so like locusts those who cannot do for themselves out of laziness and ignorance will become the starving hordes...the clock is ticking loudly now...Guess those "conspiracy theorists" were not so wrong after all...You are either ready, or you are not.
Sign me, Neal Jensen
More exactly, any focus on China has to be based on a clear understanding of why Beijing bothered to fake a market economy in the first place, and what comes next when it serves its purpose.
The financial collapse is only the beginning, Beijing intends to pose significant asymmetric challenges to the entire Western-based international order. They are already creating alternative legal theories and "facts on the ground" which cannot be reconciled with existing international law. This will continue, and will soon result in more direct military confrontations "with Chinese characteristics".
It's not like they intend to stop once they've helped Obama wreck America's global status and concomitant capability to print globally accepted fiat currency, but they certainly won't stop before that.
The wavelike movement affecting the economic system, the recurrence of periods of boom which are followed by periods of depression, is the unavoidable outcome of attempts, repeated again and again, to lower the gross market rate of interest be means of credit expansion. There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
Human Action, Ludwig von Mises 1949
The situation in China is serious, and does affect us in small ways, but the creators of our own particular, soon to be served fecal sandwich is Obama, the Communis... uh, Democrat party and the spineless Republicans who did nothing, even with a majority in both houses, whether out of cowardice or compliance with the bastards.
Quick, Domino, the Bushmills... before it costs a wheelbarrow full of fiat funds!
Bill and Domino
III
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