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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%4:00 PM EST

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To: THE ANT who wrote (100233)4/20/2013 11:15:13 PM
From: elmatador   of 219033
 
Chinese premier is saying: or better the Politburo Standing Committee of the Communist Party of China is saying is:

For the past 30 years we managed the transition of the Chinese economy to accommodate the power elite.

The transition was only made possible by accommodating politburo fat cats and the PLA.

Now there two new facts:

The model (exporting China's way out of poverty) we used is exhausted.
We know facts now that we didn't before we engaged in this experiment.

The Politburo Standing Committee of the Communist Party of China, and the power base below them, have to change to survive.

We need to have a leap of imagination to move our minds from western style democracy to a country that is governed by a political body like the Politburo Standing Committee of the Communist Party of China
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