Chang: Chinese Collapse Coming

[lemurian]

@ Chogy, at least the verdict is almost out on 2011. Not 9.3 but somewhere around a humble 7. That's another sine wave going down. And for developing nations especially with huge population like India and China high growth rates are very important. In India's case at least, its a case of red queen in Alice in wonderland.

 

[Rajaraja Chola]

China economy wont collapse to be honest....
But it needs to correct yuan to its correct market value rather than keep it undervalued to help exports...
It will help us to determine the real value of exports....

 

[CardSharp]

Large economies cycle. Right now the U.S. is re-trenching, China is growing. Most people here are too young to remember the period of time when it looked like Japan was going to take over the world, economically. The Japanese were purchasing skyscrapers in New York. They appeared unstoppable. Yet their phenomenal growth slowed, then reversed. No economy can sustain massive growth non-stop. But Japan didn't "collapse", they adjusted.

Japan didn't collapse but what happened to them wasn't all that much better. And to be honest Chogy, Japan might have had economic might but it didn't have full sovereignty and that did play a role in what happened to it.

 

[SuperDoper]

China economy wont collapse to be honest....
But it needs to correct yuan to its correct market value rather than keep it undervalued to help exports...
It will help us to determine the real value of exports....

I don't think the Yuan is undervalued, after printing 4 trillion, the Yuan is probably on par with dollar on purchasing power. Or, even less. You know what I am saying?

 

[CardSharp]

Published in 2001, Gordon predicted that in 2006 China's financial system and its communist government would collapse.


And 5 years later.....

As an interesting side note, here is Gordon Chang describing his own childhood.

You really get the feeling that his hatred for China is more about his own personal problems with family and identity than any conclusion he arrived at through analysis.

 

[fallstuff]

The status quo in charge with cards stacked on their side in US. Not a thing has changed in the last three years. On the flip side my businesses has never been this good !!

 

[CardSharp]

The status quo in charge with cards stacked on their side in US. Not a thing has changed in the last three years. On the flip side my businesses has never been this good !!

Running your own business... Very jealous.

 

[rohailmalhi]

Oh man .Y cant people save us from all this BS.............They just got started and they have a long way to go .

America is a super power and it still is even though many have said alot abt its fall but what happened they are still one.

So its just start for China , they are going to see themselves as a super power.

The country which is financing Europe and America , do we really think is going to fall.......................

They have have gone to the top level till now , they are approaching there at a good pace ....................

So i will say let people say whatever coz people saying sumthing bad is not going to changes its destination.


Good Going China , Keep it up........................

 

[fallstuff]

Running your own business... Very jealous.

Let me tell you how effed up things are. You can get on the zillow.com and actually see individual property listings with history. You can buy a decent two bedroom 1000sf+ condo in S Florida for about $40k, these sold for between 170k-200k back in 2005. If you have cash, its like being kid in a candy store. You can pick up an effed up condo ( some folks are literally ripping the interiors apart after getting foreclosure notices) for even $15k if you can fix it.

I went back to business after having problem finding stable full time position plus I don't want to move from S Florida. My last position was a 3 month contract for a company in Miami.

Anyway are you out of school yet ?

 

[Developereo]

You can pick up an effed up condo ( some folks are literally ripping the interiors apart after getting foreclosure notices) for even $15k if you can fix it.

I would probably never buy a foreclosed property -- especially one that was roughed up. You never know when some psycho will show up with a shotgun.

 

[fallstuff]

I would probably never buy a foreclosed property -- especially one that was roughed up. You never know when some psycho will show up with a shotgun.

These guys are not an issue once they leave forclosed property. I have seen evidence of removed appliances, axing floors/dry walls, intentional water damages, ripped wire circuits and sh*t on the properties.

 

[Rajaraja Chola]

I don't think the Yuan is undervalued, after printing 4 trillion, the Yuan is probably on par with dollar on purchasing power. Or, even less. You know what I am saying?

Probably no....
Can u explain a bit more???

 

[CardSharp]

These guys are not an issue once they leave forclosed property. I have seen evidence of removed appliances, axing floors/dry walls, intentional water damages, ripped wire circuits and sh*t on the properties.

lol funny thing is you'd probably preferred they take a dump on the floor rather than deal with intentional water damage.

 

[T-Rex]

VIDEO HEREChang: Chinese Collapse Coming - Yahoo! News

Take it for its worth, but he's right that Goldman Sachs which is very bullish on China in public , has raised some alarms that they have sold off and walked away for the 3rd time, from their biggest investments in China, quietly.

Another point he makes is stunningly true (I don't know about it collapsing and all) BUT he makes a subtle point that military does what it wants, foreign policy guys do what they want. THIS is a scary point brought up by several world leaders, including def sect of the US gates (last one) that when he went to china- it's premier had no idea that his military generals were putting out public war mongering talks about US- but worse yet, had no idea that j-20 was paraded and tested at or just before gates got there... which was showmanship unbecoming diplomatic protocols at a time when they were trying to calm things down.


also Housing!!! many bells and alarms going off

It is more likely that India's economy will go bust long before any such thing happens to China.

 

[fallstuff]

lol funny thing is you'd probably preferred they take a dump on the floor rather than deal with intentional water damage.

In many instances they do both and more. Typically on a multi-story unit they will do all the damages they can, then prior to evacuating the premises they will leave the water running in the upper floor, as we all know water only goes downward.