Depressedallready

China in a Bubble?

This is in response towards Albertarocks comments of Marc Anthony! I wouldn't give two cents for the majority of economists predictions! Nouriel Roubini, Peter Schiff, McAlvaney, Marc Faber are the predominant economists/investors who can aptly see "the forrest from the trees" and are right on target in seeing through the false statistics and "cooked books" of our government and Wall Street! Two years before the housing meltdown, Peter Schiff, and Nouriel Roubini predicted the Housing Market Meltdown. Most Wall Street brokers, economists, and investors jeered him and made fun of him (see You Tube's replay). Now, these "Dr. Dooms" are in the limelights because of their "COMMON SENSE FORESIGHTS". There is this old saying, "if you want to make a name for yourself, and have a hard time finding employment...become an economist!" The trouble with the MAJORITY of ANY economical theory is that they no longer work! Trying to fit a nineteenth century economical theory with the twenty-first's centuries economies and all the newest banking investment tools, ie. , CDO's etc in the light of Fiat currencies all over the world is like trying to tell people that "buggy whips" are still needed! You cannot erase the history of gold-backed currency versus fiat (paper-backed currency)! Any nation/country that depends upon "printing press" to solve their problems ends up like the "Weimar Republic", Rome, or Zimbabwe!
Every country in the world is now on fiat currency thanks to the combination of the Federal Reserve, the Bildenburgs, World Bank, etc. We, China and the US are welded at the hip! Ya! China could dump the dollar, but when they do this the consequences will be uninmanageable for the Chinese! The majority of China's growth is through their exports to the US and when WE, as the number one debtor nation no longer purchase Chinese goods, i.e. decrease in consumer spending, trade tariffs, or US protectionism via labor unions in the US; China will experience a great deal of pain! The only time countries "stock-pile goods" is for the preparation of war! Remember all the stockpiling of the Japanese government from the 1920's! NOW, there is troubling news that our military is starting to see a Chinese build-up in their military and increase in military manuevers! Whenever a country feels threatened in that their economy will die......or because there is too much inventory and not enough consumption......there is planning toward war! China is NO different! Check history, and you will see this!