China's Coming Collapse

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-------- Original Message --------

Subject:	RE: China's coming collapse (long article).
Date:	Wed, 9 Mar 2011 08:22:20 -0800
From:	Jas

 

From Canadian Business magazine, March 14, 2011

China's coming collapse

The Middle Kingdom's prosperity is an illusion. And when China finally falls, we'll all feel the pain.

By Jason Kirby

http://tinyurl.com/4tksnwc

 

Thanks. For once and for all we shall find out the power of central planning of the economy via credit (as opposed to the production in Soviet Union style) dispensed by bureaucrats and managers who don't have any stake in the game. Let people speculate with easy money that belongs to no one! Magic!! Poor Austrian economists.

Yes, this time it is China's bust that would plunge the global economy into depression for which Bernanke and Obama would have no solution (they have already shot their wad; premature ejaculations!). Real suckers are still the Americans and the Indians who are playing the game controlled to a great extent by the Chinese govt. dispensing money, in the form of US dollars, for borrow-and-spend to buy lot of East Asian products. Such games always come to an end and suddenly. And the Bernanke would act surprised (no one could have seen it coming) once again.

Jas