In 2001 Gordon Chang wrote "The Coming Collapse of China", describing all the problems existing behind the veneer of prosperity. He concluded that China will collapse economically with serious consequences for the West. A few weeks ago Hugh Hendryalso foresaw problems ahead for exporting countries like Oz & Canada. He is a shrewd observer usually. Greg Canavan has taken this a step further, outlining the consequences for Australians: job losses,retirement dreams shattered. In " Red Alert: How to survive & Prosper in the Coming China Crash" he dusts off some of Chang's ideas & updates them for australian investors. In particular he examines in great detail Aussie gold & silver miners as a way of surviving the next economic crash. The big change is going to be caused by china changing economic focus from resources to exploiting its gold holdings to become a world financial leader. Says that the last ten years of gold's rise will be just a fading memory. This reported in moneymorning.com by subscription . Also recently an item by Peter Krauth "Silver will perform like gold on steroids".
So China change, big change in Australia. Meanwhile JPM continues to act like B. Assad Public Relations.