doubts about the china story, page-8

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!