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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (59076)	4/22/2006 5:02:42 AM
From: shades	Read Replies (1) \| Respond to of 110194

toward teotwawki, Creative destruction to the future - here we come star trek - so now quit flip flopping - first you say gold is a long term buy and hold and you are digging holes in your yard - then you say no - it is only a trade and send me to a link on financial collapse thread saying you said that - now you are back to long term buy and hold digging holes in the yard until the world blows up again - make up your mind - HAHA! Is coconut gonna be trading a gold coin for an orange or not? In the future what will she whip out at the gas station to fill up her car - a gold coin or a smart card of some sort? Or will she have a gun and be robbing the indian guy behind the counter? First you say teotwaki - Russ agrees and says so too based on pollution and too much growth and then you get all defensive and say china been going to die off for 5000 years and always comes back - I mean you can't have it both ways can you dear General? Did you go forward with your german real estate? rutledgeblog.com Here is Mr. Rutledge - he goes to china a lot like you do too - now he isn't from tobajo like you so I guess you don't feel he can get as good a read on china as you can - but he is on TV and well - you aren't - so what can I say? He says good things come to those who wait. Factoids from the China Budget China watchers should take a look at the following CCTV article reporting on economic performance in 2005 and the new budget for 2006. A few of the more interesting points. In 2005, the country's fiscal revenue exceeded 3 trillion yuan, and the GDP grew at a rate of nearly 10 percent. In 2005, tax revenues exceeded 3 trillion yuan, or 375-billion US dollars. That's an increase of 19.8 percent, or more than 62 billion US dollars, from 2004. The budget deficit accounts for 1.6 percent of China's total GDP. In the past year, the central government spent nearly 300 billion yuan, or 37.5 billion US dollars in promoting agricultural development and helping increase farmers' income, an increase of over 13 percent over 2004. More than 360 billion yuan, or 43 billion US dollars, was spent on providing reemployment and social security guarantees, an over 17 percent increase compared to 2004. The central government also continued furthering fiscal and tax reforms in 2005. It conducted a trial plan for value-added-tax reform and adjusted the individual income tax. The budget for 2006 will raise the revenues to nearly 2 trillion yuan, or 11.7 percent, to over 250 billion US dollars. The revenue will be used to provide compulsory education in rural areas. In 2006, a trial reform will be carried out in 12 provinces, autonomous regions and municipalities to set up a free compulsory education funding guarantee system. In 2007, rural areas across country will enjoy free compulsory education. China's GDP has exceeded 18 trillion yuan, or more than 2.2 trillion US dollars, a 9.9 percent increase over 2004. Total import and export volume exceeded 1.4 trillion US dollars, a of over 23 percent increase over 2004. In the budget plan for 2006, GDP growth is 8 percent and 9 million jobs must be created to keep the unemployment rate below 4.6 percent. Inflation is less than 3 percent. Overseas trade volumed increases by 15 percent. And disposable income of urban and rural residents should increases by 5 percent. That's the competition, folks. We need to quit whining and get back to work. JR