ble to end all bubbles. "There is no way to grow out of this problem"
Lend me a billion dollars and I can be a billionaire too...until it's time to pay it back.
Then the question will be did I put the money in a place where I get a return...and where the money returns at all.
If not, there's going to be a little problem.
While the world cheered - because the world needed to sell China commodities and other things at high prices to stay afloat - China went on a borrowing spree that is unmatched in world history.
John Law was a timid amateur in comparison.
This is not to take anything away from the accomplishment of the Chinese people. Given the chance, they carried out a building boom like no other.
How the loaned money is going to be repaid is another question.
But like I say about Italy...at least they'll have some fancy ruins to live in.
But don't ask for whom the bell tolls. Keep in mind the Chinese sleight of hand act has been the thing holding the whole global financial system together.
Henry Paulson ,former American treasury secretary
Lord Adair Turner, former chairman of the FSA,
Charlene Chu, a leading Chinese banking analyst,
- See more at: http://www.realecontv.com/videos/china/china-the-bubble-to-end-all-bubbles.html#sthash.FIB2najm.dpuf
BRASS CHECK WROTE:
The focus lately is on the the Ukraine,but a bigger story - and one much harder to resolve and potentially
explosive - is unfolding in China.
The current market tremors there may not be the collapse many have been expecting,but if not now a "readjustment" is
Weathering an "economic adjustment"that involves over 1 billion people, many already p'ed off is not going to be an
easy thing to manage.…
able to watch as many as 341 documentaries and feature films at Ngouabi University's newly launched China Library to guide them into an exploration of modern China's dynamic society.
All the videos are provided by China's State Council Information Office.
Dubbed in English and French, the videos capture traditional and modern China through various cultural and social aspects such as cuisine, architecture, fashion design and infrastructure construction.
Artistic quality is guaranteed as the videos include some of the country's best productions such as hit documentaries A Bite of China and award-winning films Forever Enthralled (2008) and Mountain Patrol (2004).
In addition to the videos, the China Library will also feature a collection of more than 10,000 books, which will be regularly updated. During a friendship tour to the Republic of Congo, the information office's deputy director Wang Guoqing said he hoped the library will serve as a long-term platform "where the Republic of Congo will come to understand Chinese culture and China's development and changes".