China is similar to Texas in many ways, the most similar is size. China is big and you can always count on them doing things in a big way. For instance in the past two weeks they flooded the stock market with buy orders preventing the inevitable implosion. The stereotype Chinese is a gambler to no end; borrowing up to a trillion dollars to gamble on the pure speculative bet that a sucker is born every day. And their currency dropped like a lead balloon causing consternation in the currency markets, not to mention those who were long the renminbi. This has started an Asian currency war sending shockwaves across the Pacific.
In case you were cooped up last week, that boom you heard was not an SST, it was a China warehouse/chemical factory celebrating the Chinese New Year in August; trouble was 100 people met an untimely death and another 800 or so were injured – that is according to official forecasts. The prescription to solve their lack of safety regulations is a good dose of cyanide. Maybe they have an EPA or for that matter OSHA, in name only – their incapacity to prevent catastrophes of this type is due to bureaucratic bumbling. But do not be misled by the get tough statements from the higher-ups, they only want to cover their asses. What else do politicians do? They react no act; a typical Democrat solution, putting out the fire they set – Republicans too.
And while we are at it how about throwing in the Chinese version of a Ghost town. You might wonder who owns all of those apartments – SPECULATORS. The bottom line here is simple as breathing the ubiquitous smog that permeates Beijing, Economies in most parts of the world are on their last IV drip of fiat money, soon the needle will be pulled and that is when the violence will erupt. Expect this to culminate in a disaster to our economy with losses in the trillions. Exporters to China beware of a economic tsunami. A Confucius quote, “WHAT GOES UP MUST COME DOWN”
For those on the needle of free drugs cold turkey is not an option, but raiding clinics for more is their first reaction. A violent population is something to despair – a government with guns is something to fear – REVOLUTION is in the AIR.
P.S. The GREAT WALL of China is an apt description of Hillary Clinton’s subtravuge, stonewalling the investigators who by now are becoming restless. Once a liar always a liar. Treason best describes Clinton; her failure to guard Top Secret information is at the least worthy of time in the Gulag.
Click here for more insight on what is just over the horizon.
The Great China Ponzi—-An Economic And Financial Trainwreck Which Will Rattle The World
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