• Sprott Money
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Guest Post: The Reasons For China's Imminent Bust

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Fri, 11/18/2011 - 18:04 | 1892690 LawsofPhysics
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well, at least until they politely ask to settle the U.S. debt in gold - take gold to 15,000,000,000,000 an ounce and give them an ounce.

Fri, 11/18/2011 - 18:21 | 1892726 Max Fischer
Max Fischer's picture

 

 

The collapse of China.  The collapse of Europe. The collapse of the US.  The depletion of energy.  Gold and silver to $5k.

Doomsday economics certainly is the fad these days.

Max Fischer, Civis Mundi 

 

 

Fri, 11/18/2011 - 18:39 | 1892782 agent default
agent default's picture

Nah, it's just back to reality. With accrued interest.

Fri, 11/18/2011 - 19:06 | 1892859 MillionDollarBonus_
MillionDollarBonus_'s picture

This sure makes me glad to be in America, where despite our problems we have far more educated economic advisers and government officials. People from all over the world compete for the privelage of studying at our Ivy League schools and consequently America has some of the smartest and most competent government officials in the world, many of whom have prior experience in top financial institutions. This is why America is not subject to the gross neglect demonstrated by Chinese economic planners with inferior educations and backward mentalitlies.

Fri, 11/18/2011 - 19:19 | 1892883 The Deleuzian
The Deleuzian's picture

MDB...You're getting close to perfecting pure sarcasm...Or Newspeak...It's a wonder the PTB hasn't gobbled you up yet...

Fri, 11/18/2011 - 20:09 | 1892944 spiral_eyes
spiral_eyes's picture

Yawn, bitchez.

China will liquidate its dollar holdings to bail itself out again.

Welcome to the Great Treasury Crash of 2011/12/13.

http://azizonomics.com/2011/10/23/gold-in-2012-the-coming-bond-crash/

 

Fri, 11/18/2011 - 20:58 | 1893078 TheJokingJollyRoger
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Such a trade war will inevitably lead to a actual military war.

Fri, 11/18/2011 - 21:25 | 1893150 Carlyle Groupie
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At such time China will win and take Taiwan for free.

Fri, 11/18/2011 - 23:06 | 1893360 Mr. Firstname M...
Mr. Firstname M. Lastname's picture

ehhh fuck china, how in the fuck are they gonna get half a billion soldiers across the Pacific when the batteries die halfway to Hawaii.  molon labe

When the host dies, the parasite follows.

Sat, 11/19/2011 - 00:06 | 1893480 trav7777
trav7777's picture

ROTFL...with what military?

They have no navy, a pathetic army, and no air force worth a shit.  they couldn't mount an amphibious invasion of Hong Kong, much less Taiwan

Sat, 11/19/2011 - 00:22 | 1893509 Vic Vinegar
Vic Vinegar's picture

DOTFH

C'mon dude...you are fast-becoming an internet celebrity.  How many people get songs - especially this catchy - dedicated to them?  Own it!

Trav's Theme:

http://www.youtube.com/watch?v=nnpEI3njoeo

Sat, 11/19/2011 - 02:12 | 1893623 Cliff Claven Cheers
Cliff Claven Cheers's picture

That is awsome, Trav has his very own song.  

Looks like Fuu put it together. 

Sat, 11/19/2011 - 16:12 | 1894448 hardcleareye
hardcleareye's picture

Well that was different....  but he has missed some of Trav's best junked lines.....

Sat, 11/19/2011 - 12:30 | 1894050 JamesBond
JamesBond's picture

"they have no navy..."

 

???

Fri, 11/18/2011 - 21:17 | 1893127 Eeyores Enigma
Eeyores Enigma's picture

The Deleuzian - You of course realize that MDB is an auto-response computer system don't you?

 

Even if sHe is in human form IT'S automated.


Fri, 11/18/2011 - 21:34 | 1893173 The Deleuzian
The Deleuzian's picture

00111000011010001101001001010101010111111000001101010010

Sat, 11/19/2011 - 10:42 | 1893900 FEDbuster
FEDbuster's picture

MDB either works for the Obama Administration or the NYT.  His delusions are the talking points of both entities.

Fri, 11/18/2011 - 19:44 | 1892914 eaglefalcon
eaglefalcon's picture

Be careful what you are glad for.

 

If real shit hits the fan in China, the people will overthrow the government and hang all the politicians.  This prospect scares the craps out of the Chinese elite and they are bailing.  They know they are hopelessly outnumbered.  They know that the people have absolutely no trust in them.  Plus, ordinary people don't have much to lose because there is no welfare.  The so called "retirement funds" are meager and have been already wiped out by inflation of the past 2 years

 

The same thing wouldn't happen in America.  The people here are too docile and brainwashed, too dependent on paycheck, government and welfare.  Economic collapse will result in a Fascist state.  And if you frequent zerohedge, you are the perfect candidate for concentration camps.

 

I'd choose anarchy over fascism on any given day.

 

Fri, 11/18/2011 - 19:48 | 1892920 The Deleuzian
The Deleuzian's picture

EagleFalcon...I think you're taking it all too hard...If anything...Zher's would be a think tank

Sat, 11/19/2011 - 15:21 | 1894374 Cathartes Aura
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ZHer's a "think tank"??? *snort*

given the auto-bot angry responses to Million$'s obvious troll posts virtually every thread, it's more like monkeys flinging shit around the cage than thinking - some threads do differ, but in the main, ZHer's are here to entertain themselves in a small small circle. . .

most spend more time trawling the interwebs for the perfect titty-pic-avatar than pondering the state of the world.

Fri, 11/18/2011 - 20:00 | 1892934 Robot Traders Mom
Robot Traders Mom's picture

@eaglefalcon-Best post in quite a while...I'm glad you chose to incorporate FEMA at the end.

Fri, 11/18/2011 - 20:05 | 1892941 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

EF, when everything goes bankrupt and those welfare/retirement promises vanish into thin air. The people will quickly go into a rage since they then have nothing left but delusions and poverty. Revolution will then be in the streets.

Fri, 11/18/2011 - 20:16 | 1892961 The Deleuzian
The Deleuzian's picture

Vamp-----the peasantry will be killed off slowely and quietly....Or otherwise quickly and thoroughly

Sat, 11/19/2011 - 10:56 | 1893905 FEDbuster
FEDbuster's picture

Man made pandemic targeted at 50+ population, solves most of their "problems".  WW3 would be messy and take out many of the younger "slave" age worker bees.  TPTB in China will try to direct attention away from themselves and at a foreign bad guy (ours do the same thing all the time).  Obama is getting his foot in the door with Marine base in Australia, so who knows?   Maybe China will set up shop in Cuba?

Fri, 11/18/2011 - 22:53 | 1893341 Uchtdorf
Uchtdorf's picture

Who said: When people with nothing have nothing left to lose, they lose it?

Sat, 11/19/2011 - 00:07 | 1893485 bigmikeO
bigmikeO's picture

Gerald Celente says that. Then he lost his (paper) gold to Corzine / MF and now he's losing it. Ironic...

Sat, 11/19/2011 - 15:22 | 1894380 Cathartes Aura
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who doesn't??  it's repeated that often.

Fri, 11/18/2011 - 19:45 | 1892916 Socratic Dog
Socratic Dog's picture

I have to take this as sarcasm.  It just can't be real.  No one could be so fucking stupid.

I seem to find myself thinking that about most all your comments.

Fri, 11/18/2011 - 19:51 | 1892924 The Deleuzian
The Deleuzian's picture

Socratic Dog...MDB is most obviously being uber-sarcastic...Even those Ivy-League shmucks don't believe what they say publically...They're saying exactly what MDB is saying just pleasantly!!!

Fri, 11/18/2011 - 20:40 | 1893025 VyseLegendaire
VyseLegendaire's picture

ka-ching.

Fri, 11/18/2011 - 20:51 | 1893055 zen0
zen0's picture

obviously you have not studied at an Ivy League school, unless spelling is optional.

privelage = privilege.

Sat, 11/19/2011 - 09:02 | 1893833 CPL
CPL's picture

So far it doesn't seem so. Isuggest that you go all in for allof our sakes for the economy. It certainly would put our minds at ease.

Or...

You could shut your pie hole and listen with your ears and not your mouth.

Fri, 11/18/2011 - 22:03 | 1893236 Buck Johnson
Buck Johnson's picture

Bingo, dead on.  We have delayed and delayed and kicke the can down the road to where the end of the road is 100 feet in front of us.  And so we are trying to find some way of extending that road but it won't happen.  Everything comes to an end, everything.  As he said equilibrium in China is also the same in the rest  of the world.  Everything must be brought back into equilibrium regardless of how much pain and suffering and countries going under that happen.

Fri, 11/18/2011 - 22:37 | 1893310 sabra1
sabra1's picture

as long as it's the 1% suffering, painfully! then, we take back our gold!

Fri, 11/18/2011 - 18:42 | 1892793 AldousHuxley
AldousHuxley's picture

Gold 2000: $300

Gold 2011: $1800

 

China Shanghai composite index 2000: 2000

China Shanghai composite index 2011: 2500 off of peak of 6000 in 2006

 

S&P500 (SPY) 1999: 130

S&P500 (SPY) 2011: 120

 

Doomsday has been here for last decade. Faux economics is just revealing itself.

 

tell Japan what a fad their lost decade was....

 

and you know what US is in world war III right at 4 fronts?

Fri, 11/18/2011 - 19:52 | 1892927 Hobbleknee
Hobbleknee's picture

Iraq

Afghanistan

Pakistan

Libya

Yemen

That's 5, and soon Iran will make 6.

Fri, 11/18/2011 - 20:02 | 1892938 Robot Traders Mom
Robot Traders Mom's picture

Fuck it. You might as well throw Syria in for good measure...

Fri, 11/18/2011 - 20:42 | 1893030 Think for yourself
Think for yourself's picture

Don't forget Venezuela!

Fri, 11/18/2011 - 22:58 | 1893350 Uchtdorf
Uchtdorf's picture

There are Mexicans and Muslims ready and waiting to pour across the borders of Texas, NM, AZ and Cali. Heck, let 'em have CA.

Fri, 11/18/2011 - 20:52 | 1893059 eaglefalcon
eaglefalcon's picture

Iraq: bad situation, troop commitment required, pulling out will give rise to a hostile regime

Afghanistan: not so bad, troop commitment required but only in small numbers, occupation is economically viable because of the profit from the poppy fields

Pakistan: no confrontation likely in near future because the chinese swore to defend it

Yemen: already toppled and no troop

Libya: the europeans need oil from there, so it's up to them to come up with the money and troops

 

It appears that if iraq can stablize, the US can afford quite a few more occupations

 

bottomlin: they don't send the elite to die on battlefields, they send the plebs.  In that regard, the brits have more guts because their elite do go to combat

 

 

Sat, 11/19/2011 - 00:30 | 1893517 i-dog
i-dog's picture

 

"the US can afford quite a few more occupations"

Yep ... they're now in the process of occupying Australia ... and the FEMA camps have already been built ... for "refugees", of course ... not for citizens ... never for citizens.....

Sat, 11/19/2011 - 09:29 | 1893845 spinone
spinone's picture

We need to occupy Afganistan to keep the Chinese out of the middle east.  We'll be there till the middle east is out of oil.

Sun, 11/20/2011 - 14:32 | 1895972 thefedisscam
thefedisscam's picture

LOL. This Lang Xian ping is FREE LANCE Chinese live in HK!! He has NEVER been a Mainland Chineses resident! How does he know ANYTHING about Mainland China?  Just by reading the stupid Western media about China?  LOL

He has a huge mouth about everything! A lot of Misinformation from him! Whoever believe his judgement will get SCREWED!

Fri, 11/18/2011 - 19:11 | 1892870 BurningFuld
BurningFuld's picture

Nice to live in Canada.  Well except it's totally frekin' dumping snow on me.

Fri, 11/18/2011 - 19:24 | 1892891 hivekiller
hivekiller's picture

I thought that was the new new China given how many Chinese live there.

Fri, 11/18/2011 - 20:22 | 1892973 BurningFuld
BurningFuld's picture

See we don't have to worry about being attacked by the Chinese because they will be attacking themselves.

Fri, 11/18/2011 - 22:57 | 1893348 chindit13
chindit13's picture

I hate to disturb your sleep, but if you took the time to read some Chinese history, you might not feel so safe.  China prefers intramural warfare, because if one is on both sides, one can always rack up a "win".

Sat, 11/19/2011 - 00:15 | 1893495 Let them eat iPads
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BC = Beijing, China

UBC = University of Beijing China

Sat, 11/19/2011 - 13:43 | 1894203 Reformed Sheep
Reformed Sheep's picture

I spent a few years in Vancouver, Canada. Affectionately called Hong-couver by the locals.

Canada was a great place, but has deteriorated since getting the Harper govt...

 

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