03-03-2013 09:33 PM
03-03-2013 09:53 PM
Been dealing with a Chinaman this past year, selling him some airplane stuff. He has been saying business is slowing there. this is the second piece I've seen on the empty cities in last few months. Don't think this was a rerun on 60 min. Other show had a bicycle shop in the mall that was almost empty. Guy said he had sold one bike in last week. This world is so screwed up i don't see how this can come out anyway but bad. 10$ corn would have the people screeming for our hides, even if it is a small portion of the finished product. Media will have a field day with all the "rich" farmers.
03-03-2013 10:43 PM
Suddenly the MSM is believable? This has been going on for at least three years but the last I heard China's economy was revving up again. No crash occurred as previously predicted.
Meanwhile we can't pick up steam as our 538 member elected planning team is on vacation. What's the down side of a China crash again?
03-04-2013 05:36 AM
Yes I did see it. Amazing that 100% the real estate is supposedly sold, but no one living in, or doing business there. WE BUILT THAT!!!! Every item that is purchased with the tag "MADE IN CHINA" helped build that. This is nothing new and have read articles from years ago about the resources grab that china has undertook. This is no different from the mentality of buying farmland because at least you can stand on it, and it may produce SOMETHING in an economic crisis. It is time to stop accepting china made products and become self reliant again. Peal Oil is here and all of the ramifications on being reliant on world trade!
03-04-2013 06:07 AM
Keep in mind that 100% of the stocks that made up the "teck" bubble were sold too.
100% of the houses that made up the "housing bubble" that we are still digging out of
were also listed as "sold" at one time too.
Paid in full with cash? Don't bet the farm on it.