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One Epic Chinese Bubble - One Chart

Tyler Durden's picture




 

The best charts are those that need no explanation. Such as this one.

Source: Goldman Sachs

 

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Thu, 05/17/2012 - 21:20 | 2438048 RyanW525
RyanW525's picture

Good thing Facebook will save the world tomorrow...

Thu, 05/17/2012 - 21:27 | 2438073 jekyll island
jekyll island's picture

Damn, Saudi Arabia is ahead of China in concrete production?  When do we see an article about the Saudi bubble?

Thu, 05/17/2012 - 21:35 | 2438092 Pure Evil
Pure Evil's picture

So, what are the Chinese building?

A new wall?

Or, a vault to hold all their gold purchases that's impervious to even the most determined nuclear tipped bunker buster?

Wouldn't want the fascist US government to pull a reverse Goldfinger.

Thu, 05/17/2012 - 21:37 | 2438101 Solid
Solid's picture

WTF is wrong with you? Why don't you live over there of the USA sucks so bad?

Thu, 05/17/2012 - 21:40 | 2438116 Pure Evil
Pure Evil's picture

What's wrong with me?

Someone pushed my \Sarc button and I'm stuck in replay mode.

Thu, 05/17/2012 - 21:45 | 2438126 Acorn10012
Acorn10012's picture

Nothing wrong with a little sarc, or speaking your mind.

Thu, 05/17/2012 - 22:01 | 2438133 Pure Evil
Pure Evil's picture

I'm only speaking truth to power.

If the US isn't fascist, then why are these fascist symbols hanging on either side of the Speakers Podium in Congress?

 

Fasci and Fasci

 

And why is there a fascist symbol on the five dollar bill and the mercury dime?

dime and five  (look to the left of Lincoln, black eagle)

 

Thu, 05/17/2012 - 22:18 | 2438179 Xkwisetly Paneful
Xkwisetly Paneful's picture

Not complicated.

People working towards one world order can't be fascist.

Nationalism is what separates fascism from other totalitarian governments.

 Of course it is beyond idiotic at face value anyway.

Actually insults anyone who has really suffered under oppressive tyranny.

Likewise all forms of governance go from less to more but who gives a shit?

Zerobrains loves and adores the oxymoronic concept of globalist fascists and that is not stopping in anyone's lifetime around here.

 and why would that be? Why wouldn't they be using the more apt communist or marxist state?

May have something to do with brainwashing from the fetus to the grave promoting left wing ideology. 

 

Thu, 05/17/2012 - 22:24 | 2438222 Pure Evil
Pure Evil's picture

Thanks oh smartest ape on the blog, please illuminate all, we were so lost until you lighted the way lucifer of the morning.

As muppets we have oh so difficult time discerning between which adjective should precede totalitarian form of government.

Oh exalted one please ruminate more on the very nature of existence.

Thu, 05/17/2012 - 22:32 | 2438234 Xkwisetly Paneful
Xkwisetly Paneful's picture

Only speaking truth to power.

The real trouble is discerning that almost all forms of government go from less to more.

Since everyone knows I am the biggest moronic imbecile on planet earth and get it,

it is totally shocking people who would notice minute symbols on a coin don't know the definition of a simple word they toss around like a football.

But thanks for playing.

Thu, 05/17/2012 - 22:55 | 2438302 IrritableBowels
IrritableBowels's picture

Plus one for being honest.

Thu, 05/17/2012 - 23:13 | 2438344 Harlequin001
Harlequin001's picture

That chart looks like a pissed off frog...

Thu, 05/17/2012 - 23:25 | 2438375 rocker
rocker's picture

The chart looks realistic......please.   The Saudis and China have all the usage.

We, (the US) are very near the bottom. 

No wonder people in America drive on Bridges and land in the river.  

Fri, 05/18/2012 - 00:30 | 2438511 Oh regional Indian
Oh regional Indian's picture

One just needs to look at India, way down there on both axes, to understand the gret lie that the India story has been.

Especially frightening, and not funny at all, is that we are perhaps doing as much if nto more building as China.

Just using 1/10th the cement! *shudder*

And I'd imagine US cement consumption would be historically lower because of so much wood used in housing?

ori

whither-india

Fri, 05/18/2012 - 00:42 | 2438533 Michael
Michael's picture

64+ million vacant real estate properties in China = biblical housing bubble bust event. You don't want to be anywhere near that place when it blows up.

Fri, 05/18/2012 - 00:58 | 2438571 Oh regional Indian
Oh regional Indian's picture

I heard some Japanese might be moving in.

ori

Fri, 05/18/2012 - 01:40 | 2438644 Michael
Michael's picture

Hi ORI,

OT

The reason why the worlds monetary systems weren't collapsed in 2008 was because it wouldn't take out all the worlds oligarchs in on shot.

In 2012 it will, now that we're finished with our preparations.

Fri, 05/18/2012 - 01:52 | 2438669 Michael
Michael's picture

My only comment about the Facebook IPO;

It should be a Penny Stock.

P.S.

Facebook banned me years ago, I think about the time of the first Ron Paul campaign when I was a RP 2008 group organizer.

That not withstanding, Facebook should still be a Penny Stock.

Fri, 05/18/2012 - 03:37 | 2438690 Michael
Michael's picture

This whole fucking planet is going to go haywire, you realize that?

Let me just remind you;

It's Only Money!

Besides, we now have, with all our modern technology, all the toys we need that we already bought to keep us entertained while we wait out the complete and total worldwide economic collapse.

Fri, 05/18/2012 - 05:32 | 2438810 Diplodicus Rex
Diplodicus Rex's picture

It's Only Money!

 

Its a whole lot better than that. It's not 'money' at all.

"It's Only Currency", an abstract (and fraudulent) representation of money.

Who needs currency if you've got money (capital)?

Fri, 05/18/2012 - 02:56 | 2438740 GMadScientist
GMadScientist's picture

Don't you have some delegates you should be helping round up?

Or is RP just plain out of the race?

Fri, 05/18/2012 - 03:34 | 2438768 Michael
Michael's picture

As I said, all preparations have been made.

Fri, 05/18/2012 - 06:21 | 2438839 azusgm
azusgm's picture

Not out of the race. Focusing on delegates directly.

Fri, 05/18/2012 - 01:55 | 2438678 Oh regional Indian
Oh regional Indian's picture

You think so Michael? It's a crap-shoot at this point. Be interesting to see hwo the balance of power lines up, what th egood earthdoes, if/when the sun CMEs..... i think the proles need a little divine providence.

But then, I believe it is a-coming. :-)

ori

Fri, 05/18/2012 - 02:15 | 2438699 Spirit Of Truth
Spirit Of Truth's picture

Those preparations aren't financial in nature, they are military.

The reason China is using so much concrete is because THEY ARE BUILDING SPARE CITIES, presumably for use after the dust settles from the nuclear war against the Capitalist West Russia and China have been planning all along.

But don't fret sheeple, American Idol will be on again at it's regular time and place so you can make believe all is well and there is 'peace in our time'.  False peace, after all, would indicate there is some great source of deceit and error in the world that everyone is missing....like the kind SATAN HIMSELF brings to our world before destruction rains down upon the oblivious masses.

Hey....but I'm just crazy, right???!

Fri, 05/18/2012 - 02:33 | 2438722 Michael
Michael's picture

If the Chinese have a problem with the USA over a monetary dispute and attack us militarily,

We can drop a few bunker buster bombs on their beautiful Three Gorges Dam any time of the day or night and at any time we need to.

Fri, 05/18/2012 - 02:55 | 2438738 Michael
Michael's picture

What is the most beloved alphabet soup agency of the federal government?

Can somebody help me with this?

Where do it's successors stand?

Fri, 05/18/2012 - 02:57 | 2438739 Cyrano de Bivouac
Cyrano de Bivouac's picture

The Chinese could target Yellowstone and America would be covered with 10 feet of volcanic ash.

Fri, 05/18/2012 - 03:54 | 2438780 Spirit Of Truth
Spirit Of Truth's picture

Monetary dispute?!

LOL!

Do you really think the Chinese are interested in MONEY?  Because they ultimately are not since money is just a means to the primary strategic objective of POWER AND CONTROL and this will eventually be finalized through military means of apocalyptic scale:

http://www.youtube.com/watch?v=621kb9seuf8&list=PLE4459C280C37FAD2&index=4&feature=plpp_video

Fri, 05/18/2012 - 03:35 | 2438766 Cyrano de Bivouac
Cyrano de Bivouac's picture

Well maybe they think Nibiru is going to hit in the Pacific so they have built housing in the interior of  China to move their people before the 300 ft. wave hit

Fri, 05/18/2012 - 07:45 | 2438948 mendigo
mendigo's picture

If you build something potentially useful you convert sweat and materials into a value-added asset.
When you repave roads that don't need it or shoddily repair bridges or buy more weapons that is I think a bigger problem - basically a lack of any purpose or vision.

Fri, 05/18/2012 - 02:26 | 2438714 jez
jez's picture

No wonder people in America drive on Bridges and land in the river.

 

That's an American tradition. I think it was Ted Kennedy who started it.

Thu, 05/17/2012 - 23:34 | 2438384 The Big Ching-aso
The Big Ching-aso's picture

 

 

Not 2 get 2 Rorschach on ya, but 2 me it looks like 2 asymmetrical nipples, a buncha herpes sores, & a giant horizontal vagina.

Thu, 05/17/2012 - 23:37 | 2438400 Harlequin001
Harlequin001's picture

Yes, I can see that now.... ?

Thu, 05/17/2012 - 23:43 | 2438411 The Big Ching-aso
The Big Ching-aso's picture

 

 

It helps if U turn your head sideways and stick out your tongue.

Thu, 05/17/2012 - 23:45 | 2438416 Dixie Rect
Dixie Rect's picture

Like they say in China, ha ha, you make me raff.

Thu, 05/17/2012 - 23:51 | 2438429 The Big Ching-aso
The Big Ching-aso's picture

 

 

Man who raff at funeral trying to stop coffin.

-Neoconfucius

Fri, 05/18/2012 - 00:07 | 2438457 Harlequin001
Harlequin001's picture

Sorry about that, been away for a while. Tried it, turned my head sideways and stuck my tongue out, got arrested for being a complete loon.

It's better now...

Fri, 05/18/2012 - 01:40 | 2438646 TheFantasticMonkey
TheFantasticMonkey's picture

I'm only replying to see how thin a reponse is at this point - 20 pixels?

Fri, 05/18/2012 - 01:53 | 2438674 Harlequin001
Harlequin001's picture

You could buy a wider screen...

Thu, 05/17/2012 - 22:16 | 2438204 UGrev
UGrev's picture

Uh.. moussolini adopted it FAR FAR after it was used by our gov't.  It means strength through unity, i.e. UNITED states..  it didn't mean fascism until after WWI and mousolini..

Thu, 05/17/2012 - 22:22 | 2438218 Xkwisetly Paneful
Xkwisetly Paneful's picture

So did Machiavelli.

Oh wait he predates the US by how many centuries?

THe US not only invented war and inflation but now also invented fascism even though these people are not fascist.

Please, without nationalism there is no fascism and it is obvious to a 10yo these people are working towards one world order which is obviously the diametric opposite.

 But post it some more, that will make it true!

 

 

 

 

Thu, 05/17/2012 - 22:56 | 2438305 Pure Evil
Pure Evil's picture

How is it a ZH hating crack whore douchbag can metamorph into a flatulent gassbag?

Been hanging around ole chuckie schumer lately?

The Romans created the Fasci, while Mussolini started the Fascist Party.

Plus, I think you should follow your own advice, "post it some more, that will make it true",

Or, would you like to spew some more oral explosive diarrhea masquerading as witty repartees. 

 

Fri, 05/18/2012 - 08:25 | 2439043 UGrev
UGrev's picture

It wasn't fascism then.. dumb fuck. It had a completely different connotation and you fucking know it. So take your bullshit tin foil ass and go home. 

Thu, 05/17/2012 - 22:43 | 2438271 Global Hunter
Global Hunter's picture

one of the links from Pure Evil said it was a Roman symbol used by Roman government to convey strength and power...odd the US adopted it along with Mussolini

Thu, 05/17/2012 - 22:41 | 2438264 Global Hunter
Global Hunter's picture

thanks for the links Pure Evil...just when I thought my eyes couldn't be opened any further.  

Fri, 05/18/2012 - 00:06 | 2438451 ElvisDog
ElvisDog's picture

there a fascist symbol on the five dollar bill and the mercury dime

The fascists didn't come up with that symbol. They stole it from the Romans. An axe surrounded by the rods or fasci were the symbol of power that accompanied a consul as a symbol of his office and power. They were carried by lictors, who served as body guards and escort for the consul.

Fri, 05/18/2012 - 03:31 | 2438765 Treeplanter
Treeplanter's picture

Roman republic, fool.

Thu, 05/17/2012 - 21:56 | 2438149 PD Quig
PD Quig's picture

I don't want to put words in his mouth, but maybe he wants to buy whatever the fuck kind of light bulbs or cars that he wants to? Maybe he wants to smoke in his own home? Maybe he wants to use salt on his food...and decide what he wants to eat...and he doesn't give a fuck how many calories and grams of fat are involved? Maybe he doesn't want his kid to get force fed school cafeteria offal because some administrative fuck doesn't think the lunch he prepared for his kid meets the school's 'standards'? Maybe he doesn't want his emails read by some computer at the NSA looking for keywords that will trigger an investigation by the Secret Service because he hates our asshole president? Maybe he doesn't want some TSA asshole jerking off to recordings of his wife's x-ray scans at the airport after hours? Maybe he doesn't want cops breaking down his door in a no-knock raid without a warrant? Maybe he doesn't want the fuckhead president of the USA deciding which US citizens can be killed by a Hellfire missile without so much as an indictment, let alone a trial? Maybe he doesn't want some fucking senator that can legally profit from insider trading author a bill of attainder law to tax the living shit out of somebody who has decided to leave these peaceful shores behind? I don't know, but I would rather fix all these problems (caution: some bloodshed may be involved) than leave the country that these motherfuckers are trying to take over and destroy. If you like the above shit, maybe YOU should leave...say for the People's Republic of China or Iran?

Thu, 05/17/2012 - 22:09 | 2438182 OhBaldOne
OhBaldOne's picture

A-fucking-men!

Thu, 05/17/2012 - 22:16 | 2438202 prains
prains's picture

solid

 

that's how its done, time for you to get a new handle, maybe add waste

Fri, 05/18/2012 - 00:12 | 2438475 Paul Atreides
Paul Atreides's picture

+100

Fri, 05/18/2012 - 06:46 | 2438860 Wakanda
Wakanda's picture

Solid is melting and becoming liquid.  Soon to be all gas!

Thu, 05/17/2012 - 22:13 | 2438194 OhBaldOne
OhBaldOne's picture

…PD - the best right-on rant I have read in a long time that pretty much sums up the fuckedup shit that is going down in this wannabe fascist hood.

Thu, 05/17/2012 - 22:44 | 2438272 koaj
koaj's picture

<3 you

Thu, 05/17/2012 - 23:22 | 2438364 infinity8
infinity8's picture

Fucking Beautiful.

Thu, 05/17/2012 - 23:24 | 2438372 TraitorsHang
TraitorsHang's picture

55/0... That is the most un-balanced karma I've ever seen.
Legit.

Thu, 05/17/2012 - 23:26 | 2438377 Ookspay
Ookspay's picture

Ahhh Yeeeaahhh! Conservative porn baby! I need a cigarette...

Fri, 05/18/2012 - 00:57 | 2438570 Joseph Jones
Joseph Jones's picture

Digg.

Fri, 05/18/2012 - 02:14 | 2438698 Psyman
Psyman's picture

-1

 

You acknowledge that the U.S. is the most high tech surveillance based police state in human history.  You acknowledge that the constitution is dead.

 

And your solution is to STAY and insult anyone leaving for a country that is not an authoritarian police state?  Yea!  Fuck those people moving to New Zealand, we should stay here and live in fear of arbitrary death by our masters in this terror based police state state!

 

Oh, you're going to "stay and fight."  Fight whom?  The police?  Government employees?  Your neighbors, most of whom fully support the police state?

 

You are deluded.  Americans by and large support the TSA, DHS, assassination of Americans, torture, wars of aggression, empire building, and our military budget.  They love Jack Bauer and Barak Obama, not Thomas Jefferson and Ron Paul.

Fri, 05/18/2012 - 05:21 | 2438805 BeetleBailey
BeetleBailey's picture

+1,000 PD.....well said

Fri, 05/18/2012 - 06:10 | 2438831 nmewn
nmewn's picture

Out-fucking-standing PD.

Fri, 05/18/2012 - 06:44 | 2438856 Wakanda
Wakanda's picture

Very nice rant - bordering on a work of art actually.

Thu, 05/17/2012 - 21:39 | 2438110 Marginal Call
Marginal Call's picture

The are building the largest dam and river/canal system the world has ever seen.  That concrete isn't all going into condo tower speculations-they are turning it into megawatts.

Thu, 05/17/2012 - 23:36 | 2438395 Boxed Merlot
Boxed Merlot's picture

Hydro electric power is probably the one thing a centrally planned government will be best suited to deliver.  The US hasn't built anything of substance since our last brush with economic disaster.  Government has the ability to cut through red tape at least as well as Teneo when it needs to.  If not for hrydro power in CA we would be in far worse shape than we already are.  But we haven't added anything of substance to the grid in over 40 years.  It's the best bang for the buck imo. 

Fri, 05/18/2012 - 07:05 | 2438881 francis_sawyer
francis_sawyer's picture

Didn't you get the memo?

The future solution to modernize the power grid in the US is going to come from skittle shitting unicorns (whilst carefully protecting the natural habitats of the blue footed bobbies & twink toed newts)...

Thu, 05/17/2012 - 23:38 | 2438401 Ident 7777 economy
Ident 7777 economy's picture

 

 

Or a damned cheap mode of transportation (inland shipping) or a mammoth water reservoir system ...

Fri, 05/18/2012 - 00:15 | 2438483 cranky-old-geezer
cranky-old-geezer's picture

 

 

And they built the biggest crane on earth, 20,000 ton, mostly used by oil companies all over the world to put floating drilling rigs together (Deep Water Horizon type).

Here's a video of it: 

TAISUN, biggest crane in the world assembles D90, biggest drilling rig in the world

Thu, 05/17/2012 - 22:31 | 2438237 Gift Whores
Gift Whores's picture

They're still counting the concrete from the 3 gorges dam.

Fri, 05/18/2012 - 00:42 | 2438491 Element
Element's picture

And it isn't all going into RE - this video might have something to do with China's exorbitant use of concrete:
 
--
 
China's "Underground Great Wall" tunnel network:

By 2011 this underground 'Great Wall' was reported to include 3,500 miles of large tunnels, and hardened bunkers, weapon stores, and launch pads:

http://www.youtube.com/watch?feature=player_detailpage&v=i5SAtz2uaZY

http://www.youtube.com/watch?feature=player_detailpage&v=A8KQWaLJn6M

 

What is for sure is they are using a lot of (TRANSIENT USE OF) concrete for this national tunnel/bunker program.

This was built more-or-less in secret, for a couple of decades, on a more modest scale, and has only become open knowledge as it's scale and construction activity became so large that it could no longer be hidden or down-played.

Who knows how much more they intend to build. 

The original 'Great Wall' began as several smaller lower and shorter walls that were scaled-up over decades and centuries, so this most probably is following a similar process of expansion and increase in strategic depth (to buy response time to any attack).

 

(Note that Beijing didn't build this massive complex in order to defeat an attack by pesky nano-bots. Nukes are not 'obsolete', any more than bullets were made obsolete by guided missiles ... bullet tech is how old again? ... so they'd be obsolete now, right? ... i.e. the age of a technology makes no actual difference. ... shoeless goat-herders using AK's and handheld rockets with iron sights, that were designed during the early 1940s, are still kicking the NATO's arse, today.)

Thu, 05/17/2012 - 21:36 | 2438096 JeffB
JeffB's picture

FWIW, that's consumption.

Thu, 05/17/2012 - 23:16 | 2438354 Zero Debt
Zero Debt's picture

Why, concrete is the cheapest commodity per unit of banking system leverage. Pour concrete = create collateral = loan growth = nominal gdp groth = back slapping at the comrade HQ.

Thu, 05/17/2012 - 21:39 | 2438107 11b40
11b40's picture

 

The Saudi's don't have bubbles. They do have oceans, rivers, & mountians.  Oceans of oil, rivers of income,& mountians dolars.

Thu, 05/17/2012 - 22:07 | 2438173 IslandMan
IslandMan's picture

Consumption, not production.   Per capita.

Thu, 05/17/2012 - 22:22 | 2438201 buckethead
buckethead's picture

Edited: "consumption" has been sufficiently pointed out.

Thu, 05/17/2012 - 22:28 | 2438232 The Disappointed
The Disappointed's picture

Yeah really!

How much Bechamel Sauce would it take to make a pound of concrete edible? An awful lot!

Thank You Betty Crocker!

Thu, 05/17/2012 - 22:59 | 2438315 bIlluminati
bIlluminati's picture

I noticed that the countries that are next after Saudi Arabia and China happen to be Greece, Spain, Italy and Portugal. So maybe their problem was that their bubble just wasn't big enough.

Thu, 05/17/2012 - 23:34 | 2438390 Ident 7777 economy
Ident 7777 economy's picture

 

 

jekyll island :

Damn, Saudi Arabia is ahead of China in concrete production? When do we see an article about the Saudi bubble?

 

Damn good question I must say ...

Thu, 05/17/2012 - 23:37 | 2438398 Freddie
Freddie's picture

Those middle east skyscrapers probably had a shitty concerete mix with some sea water in the water.  The u.s. uses playwood crap and stucco thrown together by illegals.

Fri, 05/18/2012 - 02:23 | 2438707 Psyman
Psyman's picture

If you're lucky.  I looked at new townhome construction and the walls were full of recycled garbage as insulation.

 

Not even joking.  I could have punched my way to the neighbors house.  And I'm sure it isn't so good for sound proofing either.

Thu, 05/17/2012 - 23:38 | 2438402 wee-weed up
wee-weed up's picture

The only thing Saudi Arabia and China have in common is quick execution of anyone who speaks out against the government. One chops off your head, the other puts a bullet in back of it. Same result. One less dissenter, and a graphic example for any possible others with like minds.

Fri, 05/18/2012 - 00:45 | 2438519 cranky-old-geezer
cranky-old-geezer's picture

 

 

Actually no, SA is way behind China.  The chart is per capita.  China has way more people than SA.

Charts says China is outbuilding everybody else on the planet by a long shot ...and leaving USA in the freikin dust.

That's production folks.  A lost concept in America.

Government bureaucracy and financial fraud have replaced production in America.

Fri, 05/18/2012 - 01:12 | 2438607 PersonalRespons...
PersonalResponsibility's picture

Consumption?

Fri, 05/18/2012 - 01:36 | 2438640 Axenolith
Axenolith's picture

C-O-N-S-U-M-P-T-I-O-N  dude...

Fri, 05/18/2012 - 04:27 | 2438790 Karl von Bahnhof
Karl von Bahnhof's picture

Neocon-sumption

Thu, 05/17/2012 - 21:58 | 2438156 Jack Burton
Jack Burton's picture

Yes, the euro crisis and market declines had me worried, but a facebook IPO can and will save the world economy. It is Social Networking that will turn the world economy around. CNBC says so, I believe that unbiased bastion of news and analysis of the world markets!

Thu, 05/17/2012 - 22:10 | 2438187 cbxer55
cbxer55's picture

I love me some sarcasm in the evening. ;-)

Thu, 05/17/2012 - 22:30 | 2438236 JackT
JackT's picture

Save The Cheerleader..Save The World

Thu, 05/17/2012 - 22:56 | 2438306 Ookspay
Ookspay's picture

 

This species has amused itself to death..

What a beautiful sight in his wild blue dream
The eternal child leafs through his
War magazine
And his kind Uncle Sam feeds ten trillion in
Change into the total entertainment
Combat video game
And up here in the stands
The fans are goin' wild
The cheerleaders flip
When you wiggle your hip
And we all like the bit when you take
The jeans from the refrigerator and
Then the bad guy gets hit
And were you struck by the satisfying
Way the swimsuit sticks to her skin
Like BB gun days
When knives pierce autumn leaves
But that's okay to see the children bleed
It'll look great on the TV

Roger Watters 1991

Thu, 05/17/2012 - 23:18 | 2438355 ultimate warrior
ultimate warrior's picture

That chart makes a sad face :(

Thu, 05/17/2012 - 23:33 | 2438389 Freddie
Freddie's picture

The Snorg Tees girl with red hair is hot.  Hey Tyler(s) - keep em coming.  Make her busoms bigger and hips slightly smaller.  Photoshopping it is okay. 

 

Just stop the Kenyan born  banner ads.  

Fri, 05/18/2012 - 02:03 | 2438688 Nachdenken
Nachdenken's picture

already saved the world today.  Tomorrow we will be sober

Thu, 05/17/2012 - 21:21 | 2438050 max2205
max2205's picture

That's solid evidence!

Thu, 05/17/2012 - 21:33 | 2438085 Zero Govt
Zero Govt's picture

i'm struggling to understand what this evidences 

someone 'hit me' with the obvious please?

Thu, 05/17/2012 - 21:40 | 2438113 walküre
walküre's picture

Concrete per capita.

Germany, US and other developed nations with pretty advanced infrastructure are much lower producers of concrete per capita.

China has overproduced in relative terms which is what we've always suspected.

The production is not sustainable and yet, that production has been a bellweather for their overall growth and performance.

Thu, 05/17/2012 - 23:00 | 2438316 Ookspay
Ookspay's picture

Without mixing and pouring and mixing and pouring, you have 1 billion angry peasants to deal with. At least China inflates their bubbles with their own money, unlike US!

Fri, 05/18/2012 - 00:50 | 2438554 walküre
walküre's picture

We supposedly had alot of "shovel ready" projects as well .. I guess we didn't use much concrete for those.

Thu, 05/17/2012 - 21:42 | 2438118 wretch
wretch's picture

It appears that China and Saudi Arabia have got way more construction going on than each citizen can afford, based on GDP averaging for the population.

Sat, 05/19/2012 - 17:55 | 2438180 11b40
11b40's picture

Be careful with the concept of what a population can afford.  How much can America "afford"? 

The correct answer, of course, is zero.  We are borrowed to the hilt....but Japan is much worse by any convential measure of "affordability".

China & Saudi Arabia present an almost perfect contrast of how you might view "affordability". 

The Saudi's don't have to produce much per capita to keep things rolling along, especially with oil prices high.  The Chinese, on the other hand, are constantly worried about everyone having enough to eat.  Yes, things are much better for many, a little better for most, perhaps, but there are still many in the interior who live with very little that is modern.  Life is rough and brutal for much of the rural population.  They have such an incredible need, and for now, they can finance their incredible growth.  They have a long way to go (grow) before they have as much debt per capita as we do.

Lot's of ways to read a chart ;-)

Fri, 05/18/2012 - 01:44 | 2438659 delacroix
delacroix's picture

concrete production, consumes a lot of fuel.

Thu, 05/17/2012 - 21:49 | 2438134 MsCreant
MsCreant's picture

GDP= (in part) Dumb amount of concrete per person = Big assed lie.

Kind of like fiat currency, instead of printing, they build to spread the image of prosperity and employment. I bet you have read about the empty cities in China. 

Thu, 05/17/2012 - 22:10 | 2438189 Pure Evil
Pure Evil's picture

Those aren't empty cities, those are ghost cities built for dead ancestors of chinese citizensims.

Fri, 05/18/2012 - 00:10 | 2438468 InvalidID
InvalidID's picture

 

 No no no, they are back up cities. See, the Chinese are preppers and they foresee nuclear war in the future. The empty cities will be filled with survivors.

Fri, 05/18/2012 - 02:25 | 2438712 Psyman
Psyman's picture

Yep.

Thu, 05/17/2012 - 21:23 | 2438058 CURWAR2012
CURWAR2012's picture

We are so in denial; our nation is on the slide down and accelerating fast...BTFD

 

Thu, 05/17/2012 - 21:23 | 2438059 QQQBall
QQQBall's picture

Muppets need to start eating cement? ;)

Thu, 05/17/2012 - 22:14 | 2438196 Pure Evil
Pure Evil's picture

Please, sir, I want some more,

(with a sprinkle of gold to make it more edible.)

Thu, 05/17/2012 - 22:33 | 2438250 The Disappointed
The Disappointed's picture

+1 for 'Oliver'!

Thu, 05/17/2012 - 21:25 | 2438060 jonjon831983
jonjon831983's picture

Concrete shoes

 

What are the Saudis doing? Prepping economy + society for their post-peak oil?

Thu, 05/17/2012 - 21:34 | 2438090 tpgaynor
tpgaynor's picture

plugging holes.

Thu, 05/17/2012 - 21:37 | 2438100 Marginal Call
Marginal Call's picture

Hydro power.  Diverting rivers.  Reactor cores.  The usual stuff.

 

It's going to turn ugly when not a drop makes it to India.

Thu, 05/17/2012 - 21:38 | 2438104 Dr. Engali
Dr. Engali's picture

Bomb shelters.

Thu, 05/17/2012 - 21:24 | 2438061 nmewn
nmewn's picture

How do you say Do Not Enter in Mandarin?

Thu, 05/17/2012 - 21:30 | 2438078 besodemuerte
besodemuerte's picture

bu jinlai maybe?  Not sure if you'd put a lai/chu on it or just leave it as bu jin.  I was taught here in America so I'm probably wrong anyway.

Thu, 05/17/2012 - 22:12 | 2438142 nmewn
nmewn's picture

I'll take your word for it and go with bu jin...lol.

Along with a few armed guards, to make sure the peasants stay out of all those brand new, very vacant concrete buildings, that everyones been pointing to as proof of Chinese growth.

One can never have enough guards guarding nothing.

/////////////////////

Lest anyone think my views on the stupidity of "government action" is confined to communists...this, in it's entirety:

"The Pentagon was inundated with so many studies in 2010 that it commissioned a study to determine how much it cost to produce all those studies.

Now the Government Accountability Office has reviewed the Pentagon’s study and concluded in a report this week that it’s a flop."

In other words...the GAO studied viability of the studies of studies...lol.

"The study of a study of studies began in 2010 when Defense Secretary Robert Gates complained that his department was “awash in taskings for reports and studies.” He wanted to know how much they cost.

Two years later, the Pentagon review is still continuing, which prompted Congress to ask the GAO to look over the Pentagon’s shoulder. What they found lacked military precision.

The GAO found only nine studies that had been scrutinized by the Pentagon review, but the military was unable to “readily retrieve documentation” for six of  the reports.

The Department of Defense’s “approach is not fully consistent with relevant cost estimating best practices and cost accounting standards,” the GAO concluded. In fact, they often did not include items like manpower, the report found.

The Pentagon “partially concurs” with the GAO’s report.

The cost of the study of the study of the studies was not available from the GAO.

http://abcnews.go.com/blogs/politics/2012/05/this-is-not-a-joke-government-issues-study-of-a-study-about-studies/

The only time in my life I've been in favor of some sort of regulation...I now find that regulating studies of studies studies would cost more than the initial studies being studied...the regulations required to study studies need a little study perhaps.

Nite ;-)

Thu, 05/17/2012 - 23:09 | 2438336 Harlequin001
Harlequin001's picture

But surely they can't form a view without the results of the study for missing manpower for the study that studies the costs of the studies that study well, everything else?

without that, it's a farce, is it not?

Fri, 05/18/2012 - 06:26 | 2438841 nmewn
nmewn's picture

lol...I think we've "studied" this enough and can conclude with metaphysical certainty that all that is required to end the farcical nature of endless bureaucratic studies of studies is one simple word.

No.

Thu, 05/17/2012 - 21:24 | 2438062 TheFourthStooge-ing
TheFourthStooge-ing's picture

It looks like Chinese citizenism is blobbing up concretely.

 

Thu, 05/17/2012 - 21:28 | 2438076 nmewn
nmewn's picture

Agent AnAnus Ho will not be amused ;-)

Thu, 05/17/2012 - 22:07 | 2438175 akak
akak's picture

Maybe they're just repeatedly repaving over their crapped-up roadsides?

After all, Chinese Citizenism roadside squatting nature is eternal.

Thu, 05/17/2012 - 22:50 | 2438289 TheFourthStooge-ing
TheFourthStooge-ing's picture

Ancient Chinese citizenism secret: roadside excreta used as to filler in concretions, helping the blobbing up low costings volume being.

Technique augmenting judiciously of spending renminbi the lessening. Savings much in the bringing of good fortune and green hat, with lucky number being 1679, in rear as for complicated habit lag.

The dung beetloid nature of Chinese citizenism is eternal, being with unpleasant smelling.

 

 

Thu, 05/17/2012 - 22:57 | 2438310 lasvegaspersona
lasvegaspersona's picture

I'm sure there are some 'crapped up roads somewhere in China but in 5 trips I haven't seen them. Last visit I went the equivalent of Vegas to Salt Lake in 3 hours...800+ km...lots of cement in that fast trains infrastructure. Saw lots of complicated overpasses. I thought to my self then...shit they must be using LOTS of concrete. I am aware of the cities with no people but what I have seen of China...and not just the coast..is a lot of building and a lot of people.

The Chinese are not afraid to admit they have prejudices and that they feel superior to others. I have yet to meet one that was not proud to be Chinese. Like Amy Tan's mother in one of her novels who says "Chinese torture...best torture!!!" They may not feel bad about rioting against their leaders but I would not mess with them as a lot...anyway..yep..lots of concrete being used over there.

Thu, 05/17/2012 - 23:30 | 2438383 TheFourthStooge-ing
TheFourthStooge-ing's picture

lasvegaspersona said:

I'm sure there are some 'crapped up roads somewhere in China but in 5 trips I haven't seen them.

Of course not. You spent time among the people of China, who are in all essential ways like other people of the world. The roadside crapping is an offense of Chinese citizenism citizens, and the people of China, like all decent human beings, are disgusted by it.

The Chinese are not afraid to admit they have prejudices and that they feel superior to others. I have yet to meet one that was not proud to be Chinese.

They have good reason to be proud. Theirs is an enduring culture and, while all cultures have imperfections, Chinese culture has made many contributions to the advancement of humanity. It stands to reason that the people of China probably have more disdain for the loathesomeness of Chinese citizenism citizens than anyone.

 

Fri, 05/18/2012 - 00:57 | 2438567 walküre
walküre's picture

No doubt the Chinese are using plenty concrete to build infrastructure. The stats are per capita though and China is off the charts despite their largest population. That is alot of concrete even considering the mega projects.

Thu, 05/17/2012 - 21:25 | 2438066 insanelysane
insanelysane's picture

The muppets are lining up now to buy some Facebook shares at midnight just like they do for the latest i-crap.

Thu, 05/17/2012 - 21:26 | 2438067 BlueStreet
BlueStreet's picture

Forget about the concrete jungle the Saudis must be working on a concrete desert. 

Thu, 05/17/2012 - 21:26 | 2438069 Atomizer
Atomizer's picture

B?ngzhù m? qu?n

Thu, 05/17/2012 - 21:28 | 2438074 jomama
jomama's picture

how much do i have to donate to ZH to get rich text formatting?

Thu, 05/17/2012 - 21:42 | 2438080 Atomizer
Atomizer's picture

Have to remove special characters. Lets try this again. LOL

 

 Bangzhu mu quan = Help Bitchezs

 

Thu, 05/17/2012 - 21:27 | 2438070 Dr. Engali
Dr. Engali's picture

Comepletely sustainable.

Thu, 05/17/2012 - 21:27 | 2438072 Floordawg
Floordawg's picture

Bunkers?

Thu, 05/17/2012 - 21:33 | 2438084 Yes_Questions
Yes_Questions's picture

 

 

Bunksters for the Banksters.

Thu, 05/17/2012 - 21:32 | 2438081 Ineverslice
Ineverslice's picture

   "And where shall we build this city of ours?"

Rodney:  "How about fantasyland!"

from 'Back to School'

 

Thu, 05/17/2012 - 22:41 | 2438263 The Disappointed
The Disappointed's picture

To paraphrase St. Rodney:

'What are the two worst uses for real estate? Cemetary-es & golf courses.' Same thing, really.

--stolen from 'Caddyshack'

Fri, 05/18/2012 - 01:58 | 2438684 Rick Masters
Rick Masters's picture

That had to be one of the funniest parts of the movie! Thanks for making me smile! Or what about the part where he talks about killing those commie bastards to Sam ????

Thu, 05/17/2012 - 21:33 | 2438083 Sutton
Sutton's picture

Definitely a Rounded Top.

Thu, 05/17/2012 - 21:33 | 2438086 Marginal Call
Marginal Call's picture

They've been busy beavers using all the dam concrete.   Consider it an investment in electricity.

Thu, 05/17/2012 - 22:43 | 2438270 The Disappointed
The Disappointed's picture

Asians hate beaver, I've heard. Not fonda cheese, either.

Thu, 05/17/2012 - 21:34 | 2438089 A_S
A_S's picture

nice find

Thu, 05/17/2012 - 21:35 | 2438091 egoist
egoist's picture

What's on the X axis, what's on the Y axis? (haha)

Thu, 05/17/2012 - 21:40 | 2438112 Yes_Questions
Yes_Questions's picture

 

 

Forget the ladders and all those chinese jumping off with locked knees...

 

They are trying to hasten pole sift..

Thu, 05/17/2012 - 21:36 | 2438098 q99x2
q99x2's picture

Heavy

Thu, 05/17/2012 - 22:21 | 2438103 Alexandros
Alexandros's picture

The end of the world is near... The ten plagues of Pharaoh “have been brought upon” the USA.

http://eamb-ydrohoos.blogspot.com/2010/02/ten-plagues-of-pharaoh.html

----------

It is the absolute tragedy for the USA. The former illegal immigrants had become the masters of their land; the ultimate masters. The people who wanted to collaborate with the Jews to become “Pharaohs” had the same bad luck. The greedy “locust” of the Asiatic desert swapped the USA and left absolutely nothing standing. The formerly rich people of the New World have been drained of their money to such a degree that they have passed the point of poverty and are headed towards starvation. The Americans now experience desperation and trust in God. Poor and hungry people gather around the fire to warm and cast their eyes up to heaven as their last hope. These are the former planet leaders.

Authored by Panagiotis Traianou

Thu, 05/17/2012 - 23:36 | 2438397 TheFourthStooge-ing
TheFourthStooge-ing's picture

Alexandros said:

The end of the world is near... The ten plagues of Pharaoh “have been brought upon” the USA.

Yes, as have the four itchy skin conditions of the Knights Templar and the three lower digestive tract disturbances of the Sanhedrin.

Verily, spastic days are upon us.

 

Fri, 05/18/2012 - 01:09 | 2438601 Poor Grogman
Poor Grogman's picture

To top it all off we now have the many wordy ramblings of incoherent chinezetins.

No one shall be left unmolested from these foul fiends..

Thu, 05/17/2012 - 21:38 | 2438105 zerotohero
zerotohero's picture

badda bing boys - china is doin' da jersey foot anchor - cement boots for all that don't follow the party line.

Thu, 05/17/2012 - 21:39 | 2438111 Winston Churchill
Winston Churchill's picture

MUD BUBBLE,

Thu, 05/17/2012 - 21:41 | 2438114 Conman
Conman's picture

http://www.bloomberg.com/news/2012-05-17/china-car-dealerships-struggle-...

Concrete and cars sitting on the lot. Oh yeah they are doing great.

Thu, 05/17/2012 - 21:43 | 2438121 HD
HD's picture

Why so sad Mr. Chart?

Thu, 05/17/2012 - 21:47 | 2438131 Yes_Questions
Yes_Questions's picture

 

 

Its a sad panda.

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