China vs USA: RE Bubble in China?

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Subject:	Re: FWC: Who Gains From The Eurozone Fiasco? China
Date:	Tue, 23 Nov 2010 10:09:22 -0800
From:	Jas Jain

JS: "Jas: I am not sure I buy into your China/capitalism scheme.  For somebody who is so fast to point out the RE bubble in the "dopey" world of the US, you are blind to it in China.  Can communism maintain bubbles better than dopes can??  The prospect of 1 billion people selling everything (including precious metals and all this other "capital" that they are bubbliciously accumulating) to survive without many of the safety net features us dopes have, should prove verrry interestingkkk...:)"

 

Property bubble is the best proof that China is capitalistic! I fully expect a depression in China and the whole world. Depressions are very capitalistic!! Finance capitalism guarantees severe depressions, be it America, or China, or India. China has lot of capital cushion while America and India don't!

As to born-and-bred Americans, their dopiness is moronic (when I label them dopes I am trying to be polite!). What sort of person, except a moron, thinks that Greenspan, GW Bush and Bernanke would serve the interests of the American People and not their own and those who put them in the first place? These three evildoers were responsible for allowing blatant mortgage fraud in order to grow the economy so that Greenspan got reappointed, GW Bush won the 2004 election and Bernanke got appointed when Greenspan could no longer remain Chairman by law. These evildoers would go to any length to keep power as long as they could by law! The proof is in the pudding. No? Does anyone see the vulnerability of the American system?

Only a moron can be made to think that America has a good political system to serve the interests of the populace. History is full of kings and emperors who served the public interest far better. America promotes to power shortsighted and selfish SOBs. It is not your grandfather's America. Political Correctness has destroyed that America decades ago. Under Obama PC has reached its zenith. Within the next 20 years the American political system—System of the Crooks, by the Crooks, and FOR the Crooks—would be thoroughly discredited. Until then the uncertainty would keep increasing.

Jas 

David Rosenberg on Gold and Commodity Currencies

Gold Price and Chart - ETF: GLD Price & Chart

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

Subject:	David Rosenberg on Gold and Commodity Currencies
Date:	Mon, 22 Nov 2010 09:00:51 -0800
From:	Jas Jain

Gold and Commodity Currencies...

"Gold and silver continue to look good in this environment of an ever-declining level of faith in the integrity of the global financial system…"

Those who have read my comments since 1997 know that that has been my primary argument in support of owning gold. Gold is an insurance against the collapse of the American-led global financial system, a system that over the past 15 years has been turned into a System of the Crooks. And China is the biggest beneficiary of this.

I am not bullish on silver and commodity currencies because the Greater Depression cannot be pushed farther into the future, with most developed economies artificially supported by debt, for long. What sort of person has faith in govt's (including the Fed) powers to grow the economy for the good of the majority? The endgame is near.

Jas

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David Rosenberg; 11/22/10:

"Gold and silver continue to look good in this environment of an ever-declining level of faith in the integrity of the global financial system (gold is up 24% for the year and silver has gained 65%). At the same time, some of the commodity currencies are taking it on the chin — New Zealand's kiwi was just hit by a downward revision to its credit rating outlook by S&P 500 to "negative" from "stable" and the Canadian loonie has been trading a tad more softly of late, too."

• Gold Price and Chart current Price = $1,357
  
  
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