Author Topic: China / von Mises / Crack-Up Boom & 2012  (Read 1555 times)

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Offline Panda Halves

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China / von Mises / Crack-Up Boom & 2012
« on: January 04, 2012, 03:44:05 PM »
This article is a good read.
The charts in the article are particularly interesting.

"The correlation between the rise of China’s GDP and the rise of the Dow is unmistakable. It’s also the reason why China’s growth is unsustainable. China’s rapid growth was fueled by the unprecedented expansion of the US money supply—an expansion directly responsible for America’s exploding appetite for consumer goods from China and the US dot.com stock market bubble in the 1990s." -Goldseek.com

http://news.goldseek.com/GoldSeek/1325689200.php

PH


tamo42

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Re: China / von Mises / Crack-Up Boom & 2012
« Reply #1 on: January 04, 2012, 04:14:45 PM »
Eh, there is some merit to what he says, but I don't think we'll see a full-on crack up boom this time around. China does have problems. Phony GDP numbers from building cities with no people, dependence on the US as an export market, and so on. But they are aware of this. That's why they are actively encouraging their people to buy gold and silver. It's also why they are developing resource properties all around the world. They are trying to transition away from their US dependence without crashing  the markets before they get out.

It's a tricky middle path out from between the rock and the hard place, but so far they're doing it very well.

Offline exchange

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Re: China / von Mises / Crack-Up Boom & 2012
« Reply #2 on: January 04, 2012, 04:17:31 PM »
This article is a good read.
The charts in the article are particularly interesting.

"The correlation between the rise of China’s GDP and the rise of the Dow is unmistakable. It’s also the reason why China’s growth is unsustainable. China’s rapid growth was fueled by the unprecedented expansion of the US money supply—an expansion directly responsible for America’s exploding appetite for consumer goods from China and the US dot.com stock market bubble in the 1990s." -Goldseek.com

http://news.goldseek.com/GoldSeek/1325689200.php

PH

Just be careful reading articles from propaganda websites such as goldseek. Sure it is beautiful music to the ears of the people who own gold and silver but their agenda in many instances is more criminal than our governments.

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Offline pandamonium

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Re: China / von Mises / Crack-Up Boom & 2012
« Reply #3 on: January 04, 2012, 04:35:44 PM »
Sites like Goldseek/Dollar Collapse/jsmineset do help people to get prepared for the rough seas ahead.  They rat out the crooks in the system including our government.  They explain why the system will be in panic mode soon.  No one can keep printing money.  If debts are so large that printing is the only way to make payments, then we are toast.  So it is very important that people own precious metals.  Why can't the masses understand this?  These sites are helpful and my only improvement for them is to learn about modern chinese coins...........

Offline exchange

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Re: China / von Mises / Crack-Up Boom & 2012
« Reply #4 on: January 04, 2012, 04:43:53 PM »
Sites like Goldseek/Dollar Collapse/jsmineset do help people to get prepared for the rough seas ahead.  They rat out the crooks in the system including our government.  They explain why the system will be in panic mode soon.  No one can keep printing money.  If debts are so large that printing is the only way to make payments, then we are toast.  So it is very important that people own precious metals.  Why can't the masses understand this?  These sites are helpful and my only improvement for them is to learn about modern chinese coins...........

I don't think these sites really care about modern Chinese coins. Most of the people who read them are mainly stackers and pro Americans and see China as an enemy and mainly a communist country. The last thing they will do is support a country in which they beleive took jobs away from them.

But yes, these sites do give you some kind of alert on why you should own PMs.

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Offline pandamonium

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Re: China / von Mises / Crack-Up Boom & 2012
« Reply #5 on: January 04, 2012, 05:14:31 PM »
I think these site will care about MCC once they see the profit potential in them.  Not all are against China or any other country that we gave our manufacturing to for a cheap price.  This just proves that capitalism w/o enforced rules is a failure.  Corruption has destroyed our economy and country.  Remember US President candidate Ross Perot when he talked about NAFTA?  "Hear that large sucking sound?  Thats jobs leaving America."  He was right.......