China: Going to Implode

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Yes I Have Balls
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Re: China: Going to Implode

Post by Yes I Have Balls »

Batboy2/75 wrote:
ÜberSmet wrote:
powerlifter54 wrote:Fundamental Islam is the enemy and rival we need to engage, defeat, and kill.
Fundamental Islam is a blessing for the military.

And a Pox on humanity.

Like saying fires benefit firemen.
If firemen had multi billion dollar contracts with hundreds of contractors to make fire hoses and oxygen tanks, then I see your point.

War is good money for lots of people.

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Re: China: Going to Implode

Post by Turdacious »

Danny John wrote:Back in the 1970s, Professor Hoover had us read B. Thomas Trout's "External Pacer Theory." (I think I have the name right) He went on, and Professor Glatfelter agreed (great class), that the Soviet Union was a "Paper Tiger" with enormous issues of battle readiness (no antifreeze in the tanks was one memorable issue...the soldiers figured a way to consume it for a high) and "would soon break down." This is long before it happened, too, which was cool.

Both agreed that the USA would quickly have to invent a new enemy. It's funny because both thought China and BOTH mentioned the 1973 Oil Embargo and noted that we needed to take President Carter's energy policies seriously to keep our distance from relying on foreign oil as our base.

At best, it was 15 minutes, maybe five minutes, but as I have lived through the decades (I was 19), this was as close to prophesy as anything I have ever seen. Amazing. So, I usually don't comment much here save for training, but I just wanted to add this.
Have heard the same thing re the USSR from several sources, they almost always say almost exactly the same thing you did. Carter's energy plan, on the other hand, was a complete cluster-- based on the same logic that gave us the natural gas shortages in the late 70's. Sen. Byrd did the country a huge favor in shutting that down.
"Liberalism is arbitrarily selective in its choice of whose dignity to champion." Adrian Vermeule

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Re: China: Going to Implode

Post by Fat Cat »

It beginzzzzzzzzzzz...

Shanghai Homeowners Smash Showroom in pr?test Over Falling Prices

A weekend scuffle in Shanghai over a drop in apartment prices adds to increasing evidence that China’s efforts to tame a surging property market are having an impact – even as it offers a hint of what could happen if the measures go too far.

A group of around 400 homeowners in Shanghai demonstrated publicly and damaged a showroom operated by their property developer after the company said it cut prices. Home buyers had wanted to speak with the developer to refund or cancel their contracts but were unsuccessful, according to local media. One report said the price cuts exceeded 25% per square meter.

The local media reports said an unspecified number of people were injured. The property developer, a unit of China Overseas Holdings Ltd., didn’t respond to requests for comment. Photos of the event showed broken glass in the sales office, homeowners marching with banners and a phalanx of police watching over.

Chinese media separately reported that another group of Shanghai homeowners gathered on Saturday to speak with Longfor Properties Co., after it dropped asking prices to 14,000 yuan per square meter from 18,000 yuan per square meter at a residential development in the city’s Jiading district. Longfor didn’t return calls for comment. In an Oct. 20 release, it said it posted stellar sales following an aggressive sales strategy for three of its projects in Shanghai and in the city of Hangzhou.

http://blogs.wsj.com/chinarealtime/2011 ... _news_blog
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Re: China: Going to Implode

Post by seeahill »

Wow. 40 demonstrators. In China.
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Re: China: Going to Implode

Post by Turdacious »

MOAR:
China is attracting a rising amount of speculative capital, or hot money, as investors bet on the nation's growth and prospects for gains in the yuan.

The central bank said yesterday that financial institutions' influx of foreign capital jumped by 72 percent in August from July.

Their yuan positions saw a net gain of 376.94 billion yuan (US$59.1 billion) last month, the biggest increase in five months, according to the People's Bank of China's monthly report.

In July, inflows of capital shrank 20.8 percent from a month earlier to 219.6 billion yuan. Average monthly yuan foreign exchange purchases last year were about 272 billion yuan.
http://www.china.org.cn/business/2011-0 ... 468246.htm

Hurts them slightly in the short term as they have to use reserves to keep the currency pegged; if the cash starts to go out, especially if it does so in a hurry-- they could be fucked.
"Liberalism is arbitrarily selective in its choice of whose dignity to champion." Adrian Vermeule

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Re: China: Going to Implode

Post by PC Polar Circle Person »

powerlifter54 wrote:China is not our problem. Jihadis are the problem.
JMO, but I think our own fears, prejudice, bigotry, selfishness, etc. is the root of all problems. Everywhere.
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Re: China: Going to Implode

Post by Fat Cat »

seeahill wrote:Wow. 40 demonstrators. In China.
400, not forty and it takes some balls to demonstrate in a country where "riot police" means "tank brigade".
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Re: China: Going to Implode

Post by Fat Cat »

Ice Nigger wrote:
powerlifter54 wrote:China is not our problem. Jihadis are the problem.
JMO, but I think our own fears, prejudice, bigotry, selfishness, etc. is the root of all problems. Everywhere.
JMO but I think you're right.
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Re: China: Going to Implode

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Fat Cat wrote:
seeahill wrote:Wow. 40 demonstrators. In China.
400, not forty and it takes some balls to demonstrate in a country where "riot police" means "tank brigade".
=D>




"God forbid we tell the savages to go fuck themselves." Batboy

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Re: China: Going to Implode

Post by Fat Cat »

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It is our job to see that it stays there." - George Orwell

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Re: China: Going to Implode

Post by Grandpa's Spells »

Fat Cat wrote:http://www.bloomberg.com/news/2012-07-1 ... -7-6-.html

Here's how the story ends.
Their housing bubble hasn't even popped yet.
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.

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