China Goes Full Keynesian-tard: Demolishes Never-Used Just-Built Skyscraper
"Growth" meet "mal-investment boom-bust" In a perfect example of the smoke-and-mirror-ness of China's credit-fueled expansion, a 27-storey high-rise building which was completed on November 15th 2015 was just demolished, "having been left unused for too long."
As China People's Daily reports,
Directional blasting demolition of a high-rise building was completed successfully at 7 a.m. on November 15, 2015 in Xi'an, in northwestern China's Shaanxi province.
The building was 118 meters high (27 floors) with a total construction area of over 37000 square meters.
Having been left unused for too long, the building could not be brought back into use so local government decided to demolish it.
It is reported to be the highest building that has ever been demolished in China.
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The silver-lining - now workers can clean up the mess, dig a bigger hole... and fill that in - all in the name of Keynesian "growth."
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actually the CFTC and the SEC had just moved their paperwork into the building and now "EVERYTHINGY is long gone"
r
The only thing the Asians know how to build is an "around-the-world" anal bridge using several female asian prostitutes.
(throw in some philipinos ...)
Looks like a plane hit it
That unlimited debt sure does help housing go to those millions that need it. What a joke.
There is an old Chinese proverb..."If you want the monkeys to behave, chop a chicken's head off in front of them"
I bet someone didn't finish paying the bribes to the central planning committee, thinking...'Screw them, my building is up now...what are they going to do to me?"
Wow, hit by invisible arab airplanes! It had to be! It went down just like the Towers!
Who needs directional charges? Just fly an old commercial plane into it by remote control and it will fall straight down into its own footprint. We know it works as it was done three, oops I mean two times in NYC! I wonder why no other buildings fell down when the ground shook like WTC building 7?
See Aussiekiwi's comment below. Article is wrong.
In the new world order, everything virtual, internet, financial, and possible (no matter how improbable) is priceless …..,
and everything real is worthless.
wrg,fulz
Bullshit. A plane hit it.
I am surprised that no one seems to have recognized what really happened here. The destruction had nothing to do with make-work projects and everything to do with corruption.
Specifically, the building was probably uninhabitable because sub-standard materials and practices were used in its construction. So the party knew they would either have to let it sit unoccupied as a monument to theft or find some excuse to destroy it. If they decided on the latter (which they did), then they had to get the job done before anyone occupied the building as tenants would talk and might trigger an investigation.
Keynesian economics are really just an excuse to cover up theft, both in China and here in the USA.
...cue my brother's stories of him yelling at them for using bamboo when they ran out of concrete that day...
Action had been taken on the advice of Dr. Paul Krugman who has been acting as a consultant to the state authorities.
A simple solution, send all of those in charge of this crazy policy to see this Russian doctor, job done……
http://beforeitsnews.com/healthcare/2016/01/crazy-russian-doctor-kills-p...
I could have done it alot cheaper with 10000 gallons of Jet A.
It should be referred to as: Houston Texans Fan Headquarters
They can try to shrink inventories but how are they going to reconcile the BILLIONS of liabilities who depend on a failed system?
China just went full-retard against the U.S. dollar. What's up TD? My screens are pointing straight to SPX 1825-50:
Www.Superstation95.com
too beaucoup
No vid?
Fail
I looked on news.cn
Long Caterpillar:
China is one of the largest export markets for Caterpillar products made in the United States, with exports to China of more than $2 billion in the last five years.
The Chinese are mentally ill.
I think the Eccles Building should be next. It has not been properly used since it was constructed either.