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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: E. Charters who wrote (61596)	10/13/2008 10:37:36 AM
From: Valuepro	1 Recommendation Read Replies (1) of 78416

Eric, "No cause for concern in China's industrial expansion. Everything is under control. State control. Nobody is dying unnecessarily." Two points: 1) The government of China may be financially the healthiest on earth in that they have no debt. They recently shifted economic focus from exports to internal growth. Twice lowering interest rates recently is part of the plan to shift domestic consumption from 35 percent of the economy to levels similar to advanced economies - 50-60 percent. I think they are capable of making this shift without too much of the disruption that most would be expecting from falling exports as western economies decline. 2) Wide spread official corruption, gross abuses of financial ethics/law, and environmental abuse are characteristic of economies that are moving to a free enterprise system. There is always a 'robber barons' phase - not that I am excusing it - and it can last years to decades. Russia it the most obvious current example, but China is very much in the same league.

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