CHINA - Slow economic Death
printCHINA - Slow economic Death
Some time ago, I wrote an article over 6 pages and announced and explained the future downfall of China. Reason: China copies all the mistakes and errors, USA did short before the Wall Street Crash.
My arguments were true, although it was, before the Chinese exports into USA, Europe and other places broke away in pieces. It was, before it became evident that USA will never be able to pay back the trillions for U.S. Treasury Bonds, without going into bankruptcy themselves.
But now, China decided to invest all the saving of its State, of workers and peasants into common consumerism, into infrastructure - and eager and greedy people started to buy shares at Chinese Stock Exchanges like hell.
Whenever this happened at any place in the world, the blow up of the State, of banks, of Stock Exchanges, of real economy and the rest of future expectations, resulted always, already in 1929 in New York, some years ago in all Tiger States of Asia - and since 2006 in the USA and in any other lands, when bubbles of stupidity exploded.
There was never an exception from this rule.
Now, let's see the total foreseeable breakdown of China from 2011 until 2015:
1. INFRASTRUCTURE: Investments in infrastructure for trillions in China are meant to keep up growth and employment of workers. Fine, because it takes away the means of State created in the past, it destroys all savings for the future. The strong situation of China will serve to increase the ECOLOGIC problems of the future, and China will find, this fact caused costs of 10 times the profits taken out at present, on useless uncontrolled growth of these days.
2. HOUSEHOLDS: For any refrigerator, TV set or other electric household machinery, for any Chinese car sold to workers and peasants, China must get future ENERGY - electricity, petrol, oil and all the rest. As soon as the rest of world demands again for same quantities as in the past, China will be lost and broke - and everything will stand still.
3. STATE POLITICS: The State of China and its crazy-gone population do exactly what crazy Ronald Reagan, GW Bush and Obama Americans did. Buy useless matters, destroy old age SAVINGS, believe in rotten theories first of Milton Friedman and Karl Popper and then the ones of Keynes, get into credits they cannot pay one day and so get over-indebted like USA, Italy, Island, Japan and some other funky stupids - and so, China prepares the future total breakdown of banks, insurance, old age, State and all the rest.
4. STOCK EXCHANGE BUBBLE: China wants to save the rest of world by creating a new WALL STREET in Shenzhen, Shanghai and Beijing. I think the 3000 congress members work to hard and have not time for self-reflection, when believing, their system being socialistic, the Friedman-Laws of bankruptcy would not hit their reality of Economics.
5. INLAND CRAZE: Same goes for town growth, construction business, increase of values for houses and flats, instead of EXPORT of cheapness articles at any prices. Export losses must be replaced in Europe, USA, Japan, Korea by own products turnover and growth maintaining, if ever those economies want to find a sound own bottom again.
Wonders cannot be achieved by cheapness in ideas, deadly growth and other illuminations
Based on past happenings and their ending, the geniuses Hu and Wen do exactly the deadly actions, copies of GW Bush mechanics, the dead-end I predicted in very much finer details, some two years ago, also about China, when media still wanted to publish lengthy analysis of mine.
But to make a long story short: China is going the same way as USA, it goes towards the edge of feasibilities, today, and does not know it yet, although a very short glance in economic history of the last 50 years in the rest-word, would suffice to get the clue.
When short-sightedness and stupidity in politics, with a dead-end in economics, some nice chaps would get the Dynamite Prize of Stockholm:
First Obama, second Hu and Wen, third Berlusconi, forth Brown, fifth Sarkozy, sixth Putin, seventh 7 Dwarfs of Berne and eighth Merkel, followed by the rest of politicians, scientists, high theorists of economics, philosophers and other Dynamite Prize Holders of WEF, FED, IMF, SEC and CIA.
China, go back to the roots of agriculture, autonomy and self-content
Got it? Did not expect. World-wide collapse in economy and ecology will go on for years, so to say, last for ever. So, China, don't fall into tears. You are in a very good company. Who ever said that Chinese have more intellect than the rest of world, during this crisis, should get the Prize of Pulitzer.
Rene Delavy, Berlin and Bournemouth
Author of "Out of Chaos - Why China will tumble to hell soon" / "The big Difference of GW Bush and Obama" / "La Miseria totale - Italia" / "Not Hollywood is dying - Germany is" / "Brown is perpetrator - not saviour" - and some other criminal stories, still getting true today