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  1. #1
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    Is China solvent, or is China about to crash???

    This report is L O N G... however it appears China is not in good shape at all...
    And if history holds any clues... Chinese leaders are very secretive... there probably are MORE cracks in China's financial health than we can find.

    I hope the World's economy is not dependent on China... if it is... we are ALL in trouble.

    http://www.globalsecuritieswatch.org...ives_China.pdf
    GA-HVAC-Tech

    Quality work at a fair price with excellent customer service!

    Romans Ch's 5-6-7-8

    2 Chronicles 7:14

  2. #2
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    Quote Originally Posted by ga-hvac-tech View Post
    This report is L O N G... however it appears China is not in good shape at all...
    And if history holds any clues... Chinese leaders are very secretive... there probably are MORE cracks in China's financial health than we can find.

    I hope the World's economy is not dependent on China... if it is... we are ALL in trouble.

    http://www.globalsecuritieswatch.org...ives_China.pdf
    The world's economy is dependent on you. Yes we are in trouble.

    China's growth will not endlessly continue at the rates it has been, nothing new here. Lot of the CO2 debate uses China's growth rate to set off the alarm bells. Many have said the growth is not sustainable do to raw material constraints. The stimulus China has been giving its economy is being paid for by the stockpile of US dollars it had and by the use of credit in their society. Exactly what most outside of China have been calling for to bring China in line with the rest of the world. Our economies grew the result of credit, we have had our bubbles and crashes. Why should they be special and not go through the cycles that we do?

    China jumped on the building bandwagon in order to keep its workforce busy. It would love to employ all those workers making things for us to buy but we, well blew our wad of cash and are not in the buying mood we are in. We were suppose to get our economies humming by now but we seem to be a bunch of slackards. China is concerned we may not get our consumption up before they run out of cash.


    The world not dependent on China? Where does half our goods come from? Yeah when they fall we are going to hurt. Good thing all our companies set up shop there. Hope they made a good buck and put some of it aside. When the clampdown starts in China we are going to have to start all those industries here again from scratch.
    Never argue with a fool, onlookers may not be able to tell the difference. —Mark Twain

  3. #3
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    Quote Originally Posted by printer2 View Post
    The world's economy is dependent on you. Yes we are in trouble.

    China's growth will not endlessly continue at the rates it has been, nothing new here. Lot of the CO2 debate uses China's growth rate to set off the alarm bells. Many have said the growth is not sustainable do to raw material constraints. The stimulus China has been giving its economy is being paid for by the stockpile of US dollars it had and by the use of credit in their society. Exactly what most outside of China have been calling for to bring China in line with the rest of the world. Our economies grew the result of credit, we have had our bubbles and crashes. Why should they be special and not go through the cycles that we do?

    China jumped on the building bandwagon in order to keep its workforce busy. It would love to employ all those workers making things for us to buy but we, well blew our wad of cash and are not in the buying mood we are in. We were suppose to get our economies humming by now but we seem to be a bunch of slackards. China is concerned we may not get our consumption up before they run out of cash.


    The world not dependent on China? Where does half our goods come from? Yeah when they fall we are going to hurt. Good thing all our companies set up shop there. Hope they made a good buck and put some of it aside. When the clampdown starts in China we are going to have to start all those industries here again from scratch.
    Not up to speed on progression of that 'clampdown'... however what I see the USA (and probably you guys up north also) are already making more and more things we used to get from over there.

    Japan went through a similar experience in the 1970's and 1980's... they have yet to recover. China will be on it knees in a few years... and probably stay there for a L O N G time. IMO the USA is not about to let China have enough economic prosperity to build a serious military and challenge either our country or the US$.

    Good article though...
    GA-HVAC-Tech

    Quality work at a fair price with excellent customer service!

    Romans Ch's 5-6-7-8

    2 Chronicles 7:14

  4. #4
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    We still get too much of our goods from China and if the supply chain is broken for any reason we will be hurting. As far as a clampdown, the one thing the Chinese government fears the most is that their workers who got the taste of a better life get angry when there is no work. Tiananmen Square will look like child's play compared to what they would do to keep order.
    Never argue with a fool, onlookers may not be able to tell the difference. —Mark Twain

  5. #5
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    Apr 2010
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    NYC
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    Must see documentary, I always thought the land wasn't farm able. With growing up with those 2 am commercials.

    They work 7 days a week. Would love to learn spanish but could shift
    http://whenchinametafrica.com/
    Customer is alWays opposite of Left

  6. #6
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    Sep 2002
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    2,840
    The people who published that,they make their money by scarring you out of yours!
    We are in the middle of earnings season,which I am following.Our companies are reporting
    Good things out of China.

  7. #7
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    And you think there is NO way folks could be 'making market' to unload their shares before something happens...

    As if that has never happened on Wall Street... at least not in the last 30 seconds...

    For your sake, I hope you are right... however I would have close floating stops below my stocks.
    GA-HVAC-Tech

    Quality work at a fair price with excellent customer service!

    Romans Ch's 5-6-7-8

    2 Chronicles 7:14

  8. #8
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    Sep 2002
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    My defense is to own stocks that have nothing to do with China,that was the thing to do with Europe,last year.Stocks like Verizon,AT&T,utilities,local banks ect. Stops don't work,as most bad news comes over night,most stocks don't go straight down,with a stop you lock yourself into a low price.The way to do it is watch your stocks.

  9. #9
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    May 2000
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    Rochester, NY, USA
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    you all are assuming Obama doesn't devalue the dollar. Which would magnify China's collapse that much more.

    I would suggest you start buying FOOD!!!!!
    LOVE has four letters

    So does BEER, DEER,GUNS AND FISH

  10. #10
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    Sep 2005
    Location
    Atlanta GA area
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    ALL currencies will go down... The ONLY way to get out of this crushing debt issue... would be to devalue currencies to pay off debt with devalued fiat notes (in the case of the USA... devalued FRN's, what we call the US$.).

    Devaluation is coming... as is price inflation. Get ready for everything to cost more.... RE to crash again.... and we get bumped into a higher tax bracket to live the same we do today.

    On the good side... manufacturing (some of it at least)... will come home.
    GA-HVAC-Tech

    Quality work at a fair price with excellent customer service!

    Romans Ch's 5-6-7-8

    2 Chronicles 7:14

  11. #11
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    Atlanta GA area
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    Quote Originally Posted by coolperfect View Post
    My defense is to own stocks that have nothing to do with China,that was the thing to do with Europe,last year.Stocks like Verizon,AT&T,utilities,local banks ect. Stops don't work,as most bad news comes over night,most stocks don't go straight down,with a stop you lock yourself into a low price.The way to do it is watch your stocks.
    Star dividend paying stocks are a good play now... as long as we do not see the DOW and major stocks take a vacation....

    Not much good to get 4-5-6% dividends... when the stock value drops 15-20-25%...

    I am playing upstart industrial metals mines (mostly in Canada).
    GA-HVAC-Tech

    Quality work at a fair price with excellent customer service!

    Romans Ch's 5-6-7-8

    2 Chronicles 7:14

  12. #12
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    Feb 2013
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    Fairhope,AL
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    96
    490 tons of gold in 2011,933 metric tons in 2012, and China is crashing?

    Mee-don-tink-so... I think someone is speculating on inflation

  13. #13
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    Feb 2009
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    Canada
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    Inflation will be coming. That is why all the money being put back into the stock market. The dollar will buy less so you want to convert it to assets that will go up in value also. The funny thing is the Fed and other countries version of it have been putting money into the economy to keep it going because a lot of money was pulled out and held due to uncertainty. With that money coming back in and all the other money that was put in the economy to take the place of the money that was pulled out... ...well it does seem obvious we will have more money floating around and that drives inflation.
    Never argue with a fool, onlookers may not be able to tell the difference. —Mark Twain

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