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


To: Chispas who wrote (105177)9/17/2009 12:59:27 PM
From: Chispas1 Recommendation  Read Replies (2) | Respond to of 110194
 
"China moved efficiently to undercut our economy" .

Jackson Citizen Patriot, September 17, 2009, 10:48 AM

............................................................................................................................................................

While driving through Jackson then north on Mount Hope Road, I noted abandoned factories and unoccupied buildings that used to provide jobs for middle-class Americans.

My mind wandered back to a visit to China in 1989 where I observed mile after mile of two-story factory buildings that had been built in anticipation of future production facilities. I thought to myself at the time how stupid these "central planners" were, building all these facilities that stood empty.

The Chinese devastated our economy, having filled their empty factories with workers making products that used to be made in our now-empty factories.

Anyone who thinks this is not part of a long-term plan on the part of the Chinese communists to achieve world domination is a fool. We did not see it coming.

..........................................................................................................................................................

mlive.com



To: Chispas who wrote (105177)9/17/2009 1:44:45 PM
From: Hawkmoon  Read Replies (2) | Respond to of 110194
 
I don't doubt that the Chinese have gold fever.

But one has to ask WHY the Chinese government is promoting its purchase. That would seem to send a signal not to trust their currency.

And how much of the recent gold movements in recent months are due to Chinese buying, rather than fear of inflation in the US?

I could see a boom for gold based upon Chinese fears of internal instability and uncertainty over where to find a storehouse of value given the restrictions on capital outflows from China.

Hawk