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Believe Those China Growth Stories at Your Own Risk - Just Ask Google!
In "Goldman Seems to Trust the Chinese Economic Reporting a Tad Bit More Than I Do!", "It Doesn't Take a Genius to Figure Out How This Will End" and "He Who Bloweth the Bubble With Wet Lips Should Stand Back Lest Spittle and Saliva Spray Upon Ye Face"
I not only declared my opinion that China appears to be enthralled in a
massive bubble, but Chinese economic reporting cannot be trusted. There
have been a few comments stating that the "new and improved China is
not the China of 1989 Tiananmen Square".
It appears that the recent flap with Google security and the censoring of searches sheds light on this debate.
From CNBC:
China has defended its censorship, and Chinese media are stressing that foreigners must abide by Chinese laws.
Most
of the filters on Google.cn were still in place on Friday, though
controls over some searches, including the June 4, 1989 Tiananmen
crackdown, appear to have been loosened."According
to local laws, rules and policies, some search results cannot be
shown," reads a message in Chinese following sensitive search topics, a
line Google.cn used for years.Google,
which has said it hopes to work with China to establish an unfiltered
search engine in that market, confirmed it was still censoring results
on Google.cn.
Pray tell, how can anyone in their right mind trust the economic
reporting of company that says it is running 13 cylinders of an 8
cylinder engine leading the world to economic recovery when they
overtly, and without denial, censor free speech and publicly outlaw
research and even Internet searches on government activities? Come now.
Is it wise to believe the Chinese government's growth rates and when:
- anecdotal evidence flies to the contrary (ex. manufacturing
output vs. electricity consumption, export figures vs shipping and
container activity, etc.) - they overtly censor and outlaw independent resaerch
- they have yet to outright deny involvement in an attempt to hunt down private email addresses of state opinion dissidents
It amazes me that ANYONE will put their faith in the reports of
superman level economic rebound coming from a state that clearly acts
to conceal facts. I doubt many of the US numbers (see Are the Effects of Unemployment About To Shoot Through the Roof?), so you know I am highly suspect about what comes out of China.
- advertisements -


And you trust our's? The other bogey-man is corruption, and I'd
say we've got them hands-down there too. Not only do we have
just as much, but we don't, except for the occasional miscreant,
prosecute it.
The best testimony of Chinese innovation and supremacy is any given Chinatown across North America. LOL
Pray tell, how can anyone trust what is now best described as the most corrupt banana republic in history - that is the US. If you doubt the veracity of the Chinese government, please take some time and travel throughout China and meet/observe the people; you'll soon see that China sports a massive economy and middle-class that rivals anything in the West, and the notion of its imminent demise is nothing but laughable.
I figure its' a game.
If not for sites like this, Shadowstats, TickerForum et al, myself, I wouldn't know which end was up.
You see, they watch us, monitor us. they know from our feedback that we can't believe word 1 that comes out of the mouths of anyone of our many people in high finance or politicians.
So, I just figure they're upping the ante'. Make their lies bigger. Bolder. More outlandish. And when considering folks like Blankfein, Geithner, Bernanke, Obama - They have one helluva stretch to travel outreaching the bullshit from these characters.
What the hell else should we expect?!?
I mean, get real awready....
China does not need our help in creating bubbles. They are screwing up their own economy. No need for a conspiracy theory here. You are giving the US way too much credit.
Who can trust anyone, about anything, anymore?
I don't think I can even trust myself, let alone anyone else.
Trust may have to be placed in a museum, stuffed, lit, and in flight over an African savanna, soaring up close to the sun.
Anon, China has already crashed along with the rest of the Globe, this recovery is as firm as Chinese bldg codes.
I don't see anything bad happening. Constructing Condo buildings by the thousands while simultaneously having condo prices skyrocket because of investor demand always ends well. Just ask the people of Florida how well that works out.
These days you have to go to foreign newspapers to get a good perspective on what's happening in your own country.
A good take on Google from Pravda
Google and the CIA (and the NSA and monitoring social media and spying on every single thing we do 24-7)
http://english.pravda.ru/world/asia/14-01-2010/111657-google_china-0
That article is horrible. Tin foil hat finger pointing at it's best.
Wow, y'all!
The CIA trolls have honoured us with their prescence. Thanks for being here!
Now, if you can vary the talking point keywords a little, it would be more effective. "Tin-foil hat" is so 2002.
I do like the "ruining this site" stuff. That is a good one. Effective psychology, I would say. Almost makes me feel guilty...almost.
Agree. Nobody has used tin foil for maybe 50 years. The real nutjobs are into a platinum/titanium blend with a little molybdenum in the interstitial boundaries.
Holds up better when you're jumping around screaming. Or so I've been told.
Oh pulleeeeasee
Have any of you actually been to China or did you just get up one day, pull on a tin foil hat and decide who to vilify?
Chrissakes, clean up you own backyard before you start aspiring to shit all over someone elses.
bah
They have newly built cities empty, bldgs that fall over, just a matter of time before China does too.
I have had a long-held belief that the economic explosion we are witnessing in China is not only not real but is in effect a ticking time-bomb that was planted there by elements of the US government (who will go nameless...). The only way the West could bring down the ChiComms without killing literally billions of people would be to do it economically.
We may suffer here relative to our past but it will be nothing compared to the results of economic warfare we will inflict on the Chinese countryside.
Next year at this time, as you choose to save money and not go out for steak this week, remember these words and think of the average rural Chinese wondering where his next meal is coming from.
Get ready. The endgame is nigh.
It will be brutal.
"Chi-comms?"
"elements that shall remain nameless?"
Why, mega-dittos to you, too!
Glad to see that somone gets it!
But... I'm thinking that it'll be the urban masses that take the biggest hit. Well, OK, we'll split the difference: those urban folk who are returning to the rural areas after massive job losses- will the rural landscape be able to re-absorb them?
I can state this though, and that's that many Chinese are recently removed from their lands, while those in western countries if forced to return to rural lands would make China's reverse exodus look like child's play.
Yes. The endgame is designed to be social/political change brought about through economic means.
It is apparent that once all of the migrating workers lose their factory jobs, they are not paid and the owner has left town with millions that the people will be forced back into the countryside.
When they return, they will find that the government has confiscated their land (there was a riot in western China last week over just such an "imminent domain" fiasco. One person was killed...). What isn't now owned outright by the central government in Beijing will be polluted beyond salvation, even as drought sweeps through the farming regions.
Massive hunger will breed contempt for the out-of-touch aparatchik and many, many millions will take to the streets. After that, it is all over for the centrally commanded economy and China will break down into chaos.
These things will come to pass before 2012 is over...only four years after their triumphant Olympic games heralded the "New China." They just didn't realise how "new " it would be.
You really are an idiot. Please stop posting here, people like you ruin the site.
At least I have a name.
I thought that your post was accurate and can't for the life of me figure out why the anony had so much venom in his post.
There have been several riots in the last year when factories shut down. In one of them, the CEO was killed. I have been thinking that there would be a food shortage for over a year, but I don't think that it will be a china only event. Even now, with several countries selling grain to pay off government dept, India is still having a shortage, Egypt can't seem to buy enough, and most of the world had dismal yields. What comes next year when farmers can't get loans for fertilizer or pesticides.
The world will have a food crisis within a year.
+100 Totally agree with you!!!
"+100 Totally agree with you!!!" Oh yeah I'm sure you do bro. The formula for this comment is take a given international event and then claim its a US plot. This is called tin foil hat conspiracy theory retardation and it is destroying this website.
So economic growth and development in China was a US plot? Not only that- it is also a bad thing? It is exactly retarded comments like this that has made me stop coming to this site. I dont want to read the comments any more because there are just so many comment like:
"zomg, usa is socialist police state"
"zomg, gold will go up forever and ever"
"chinese growth is caused by usa plot"
Do you know that development in China has significantly improved the life of 100s of millions of people all over the country. Economic growth means people have access to medicine, heating, electrictiy etc. Have you ever been to china you retard? i am not going to argue any more i think this is making me dumber but i just had to say something.
It is apparent that you haven't the foggiest idea of the reach and power of western central banks.
They made it easier for banks to put US citizens in debt.
They bundled the stuff and sold it to the Chinese and Germans. The Austrians did the same thing with eastern Europe.
They ran mortgge debt out into a bubble and watched it pop.
If you seriously believe that Hank Paulson is dumber than dirt and that his good friend and partner in crime, Dr. Bernanke, is also an idiot, then I have some news for you: they're not. Greenspan must have an IQ of 12, I guess.
From Robert Rubin and Bill Clinton to Paulson/Geithner under Bush, the banking cartel has wrapped itself into government through Citi and Goldman Sachs. The power to move mountains and mountains of money is clearly in their hands and if you don't believe that money is an extremely powerful weapon, then have more news for you: it is.
I am sorry that you can't see these things plainly because you believe that there was no way a small cadre of men could engineer such a feat. Well, Lincoln warned of it. As did Andrew Jackson, JFKennedy and Eisenhower.
I suppose that all of these men were buffoons, as well?
Believe what you want or don't believe anything. That won't change the situation one iota.
Good post. If the bankers who control the power believed in a Chinese miracle grow economy, they'd be living and shopping in Shanghai or Hongkong. The bankers that matter still prefer Park Avenue or Davos for their pleasure.
Americans better see it for what it is. Very early pretext for war. When there's too much of everything, then something has to be broken to be rebuild. The rebuilding of Europe and especially the rebuilding of Germany was a super boom for the American economy.
Anecdotally from friends in Shanghai, rents there for the "middle class" have risen dramatically in the past 6 months. Same seems true in Shenzhen. As for salaries and jobs, Shanghai job market looks rather flat while Shenzhen is still hiring university-educated, lower-tier management employees. No information on other classes of employment.
Again, this is anecdotal information, not something to buy or sell.
If the "hot money" story that Corriente is pushing has any vailidity,
then the Google withdrawal is a big problem...
Hot money flows and exchange rate appreciation was a feature of the landscape prior to all currency/financial crises-from Mexico to Thailand to Argentina..
Another feature was the early exit of the insiders, sometimes under the cover of the IMF (see, e.g. the Argentine "bond swap" swindle before the crash)
HMM! Double Bubble, Toil and Trouble!
China Reserves Hit Record, Lending Growth Accelerates in Challenge to WenHow can you be so rude and not wholeheartedly trust the most illuminated economic research from comrade Blenfiend doind God's work in China? How can you not trust comrade president Hu? Disclaimer: The ministry of Truth informs, that distrust can be harmful to your wealth.
ZZ greets from Poland
Now where are those pictures of Mao swimming
upstream in the Yellow River in his 80s and
Kim Jong il getting 9 consecutive holes in one?
People who lie with dogs get fleas...
http://www.jubileeprosperity.com/