GULP! pug I reluctantly agree that is a risk ... a collapse in the USD would reduce China's ability to accrue resources at a reasonable price if at all since indebtedness is taking its toll even on needs based production models. Maybe that could be a trigger? ...
Just read the latest TedBits newsletter (well worth the money) ... what a mess we have on our hands!
This excerpt is gold, TedBits have quoted Ludwig von Mises:
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved ..."
Once again ... GULP!
- Forums
- General
- doubts about the china story
doubts about the china story, page-8
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online