Wednesday, December 5, 2007

China set for “lost decade”

The coming China crash

"China’s $1.4 trillion of reserves are in fact almost all required to prop up the banking system, when the inevitable liquidity crisis occurs. If the banks are to survive, China Investment will have to be followed by six more sovereign wealth funds of equal size, each of which will have to abandon its attempts to take over Exxon or Google and pour its money down domestic rat-holes"

Posted by sold 2 rent 1 @ 06:58 AM (657 views)
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5 thoughts on “China set for “lost decade”

  • sold 2 rent 1 says:

    So we have the world’s superpower and the superpower-to-be heading for decade slump each. This does not look good for the world economy and world peace.

    It took WWII 10 years to break out after 1929. I give WWIII 2 years after the depression starts.

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  • I’d always thought that the Chinese ‘cunning plan’ was to wait until the US assets had all devalued in the coming depression and than ‘buy up’ American assets with all the dollar bills it’s holding. But, if this article is correct, it would seem that there is none spare to do that.
    With water and food becoming scarce also – sadly I think WW could well be on the cards. When people are cornered, there is usually only one way out. Calling the bottom of the HPC may well be irrelevant!

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  • japanese uncle says:

    Don’t forget China has quite an arsenal of H-bomb carrying ICBM. Perhaps the world as we know could be no more within the second decade of the 21st century.

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  • What planet are you guys on?

    Yes, global economy looks bad. But you guys really make yourself look like a bunch of ridiculous loons with this crap. Talk of China obliterating the US simply because some toothless simpletons defaulted on their mortgage is simply nonsense.

    Come on then…….I know “my head is in the sand” and that I “will feel silly that I didnt buy an island and grow my own straw to make sandals” in the new World of “chaos, starvation and wars”.

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  • Oh dearie me, just woke up, and read this and what you guys have put (which i respect). Guys, it won’t happen, but there will be tremendous localised upheavals, with the wealthy elite relaxing somewhere out of the way pulling the strings of Concentration Camp China, Concentration Camp North America, etc, etc.

    It didn’t happen during cold war (again the fear thing on the populus), Orwellian I know, but really it will be a war at national levels (the war of societies), then peace.

    Well, if the fall-out does happen, then it will be shock, then rage, then peace. Just a theory, my opinion, but not WW3.

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