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SirJames111
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The bursting of China’s credit bubble

- Alasdair Macleod - Finance and Eco.

Chinese uber wealthy have been fleeing to North America and like other places for quite some time - cost no object. No down some wealth, including gold is stashed offshore, some is register in export figures and there is like a Dark Triad Flow. No doubt they will retain Muppets in place as long as possible, and all but the most powerful the Party ensures have "anchor" family members at home - for leverage. How much gold will yo-yo back to the now Chinese owned valt in NYC or to others elsewhere? When the bubble bursts, will there still be small buyers?

Commented 3831 days ago

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Beginning of the headline :According to Garet Garrett in his book "A Bubble that Broke the World" Cheops employed 100,000 men for twenty years to build his great pyramid, "and all he had for 600,000,000 days of human labour was a frozen asset." Cheops's distortion of the Nilotic economy was nothing compared with the economy warped by the Chinese government today, which has overseen the construction of empty cities, unused airports, carless highways and bridges to nowhere. A notable difference between ancient Egypt and mod... Read More

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