samsara
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To sum up this lengthy article:
– The $USD is the King and will remain so forever and ever.
– Nothing has changed since 2008 (the Lehman’s Day)
– China is crashing – again, but this time for reals…
– There have been no major geopolitical changes; alliances formed, alternative currencies traded, partnerships sealed, etc., and none ever will, The End…
– No one can challenge U.S. military strength and currency superiority – although they’ve never really met a credible threat, The End…
What was it – about 2/3 of this article focused on how bad China is going to crash…?
And it missed to mention the underlying problems:
– Fractional Reserve system
– Naked shorting
– Insider trading
– Front running
– Bankster dollar printing
– PM price suppressing
…..
You know, all those Wall Street Innovative Financial Products.
I have some difficulty to digest this article. Economic strength used to be measured by steel output and investment in productive infrastructure. China may have overcapacity and misdirected investments but it is a country with capital formation at least.
US-UK is nothing but the consumption and manufacturing of the new financial claims. How can the gargantuan increase in the stock markets of Wall Street (mainly marked by the skyrocketing of the social media dotcom businesses and healthcare/medicare giant bubbles) and the financial products of the City of London are anything more superior than the physical developments in China?
This article has nothing to say about the western model, but joins the growing chorus chanting (wishing?) for China’s doom.
Well, I find those COMMENTS on this article cross-posted at ZeroHedge have more critical thoughts indeed 🙂
