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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 464.70+1.5%Jan 26 4:00 PM EST
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To: pogohere who wrote (67225)10/15/2010 5:37:05 AM
From: elmatador1 Recommendation  Read Replies (1) of 219784
 
China's money-deflection machine is unbeatable, people reasoning in financial terms. This is not a financial issue.

It is a SCALE issue.

Britain put 30 to 40 million people through an industrial revolution in the mid-to-late 19th Century and had the colonies to draw its raw materials from;

America put 150 million people through an industrial revolution at the turn of the 20th Century and had its own raw materials;

China is putting 1.3 billion people through an industrial revolution with neither colonies nor substantial indigenous resources besides coal.

According to the IMF, China’s current nominal GDP per capita stands at around US$2,500. If this figure were to double (i.e. hit South Africa or Panama levels), Chinese consumption of minerals would increase astronomically. Iron ore could increase by 5x; oil consumption could increase as much as 8x; and copper 9x. The math is straightforward.

seekingalpha.com
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