CHINA IS A BUBBLE: MARC FABER SPEAKS 05/03/2010.

[JORDANSAGESVLOG]

I am so glad I renounced my US citizenship and left the USA forever. Stop by my channel and watch me burn my US passport.

[neephius]

well this guy knows what he is talking about.

[zerilius87]

BTW, this was well over a year ago. Meaning the guy is already wrong.

[zerilius87]

China is one of the few countries that is running a surplus; they don't have debt but rather reserves. Even if the chinese economy slows, they have a cushion to fall back on. How are they going to fail?

[CSATexan]

@zerilius87

Lets see, considering that the Average wage in China is about $4,000 a year, all it would take is for people to want a livable wage.

[beancube2010]

Wall St is the real bubble. Smart Chinese know China can say good-bye to Wall St when Wall St burst again. How about US? We can't and it is not considered as a national security issue. Just like the fossil and nuclear fuel, somebody set a deep deep trap on us but generation after generations we all accept the abuse like it is our religious.

[neephius]

@beancube2010 Oh America is stupid sometimes but i hope they get their shit together SOOn.

[PrometheanRunGood]

Only a week to go on your prediction Faber. What happens when when you'll have to eat your words again.

[lorenzo8500]

@PrometheanRunGood Lol. He already did. Western media propaganda at its finest.

[pinoko1311]

The question is not if china collapses but when china collapses.

[Thelrishman]

its happening

[fdoca]

Secreat revelealed for investment alteternative !!! against dollar deevaluation,

Find 5 top China's house companies that listed in the US NYSE, HKSe, buy thier share in equal amount.

You will making money on the long run instead lossing dialy compare to US market, ------China has another 100 years to GO----

cz, China growth will stop at peak when avaerage salary reach US$28,000/year

Thus, 100 YEARS FOR CHINA TO GO !!

[neephius]

@fdoca Your an idiot no one is making money at the moment they are colecting toilet paper its not worth anything especialy living in united states.

[fdoca]

The reason for such extra high 50% down payment requirement, because many well do middle class buy 2rd or 3rd house as investment vehical,

Thus jack up the price that make many people unafordable

Housing bubble will NEVER HAPPEN in China, particular, Because 1.4 billion people need an enormous number houses !!

Use your judgement and commom sense....

[fdoca]

This info is for some people does not know how the housing market work...

Housing bubble is a lot empty house that nobody want or to buy.

Chinese gorvrmt, 8 months ago announcing that any one in China, if buy SECOND house, required a 50% deposit down instead 1 year ago 40% down payment requirement.,

Yes, 50% down unheard in the world.

What this tell U??? China Bubble? 1.4 billion people buying power

6000 sky scrappers to be build this year !!

[fdoca]

China Bubble? 3 years now , Never happen, Housing bubble? China has pull out 400 million people out of poverty to better or to middle class

These class is back bone of economic growth base intergrated with global export.

In China to buy a US$ 45,000 car need to wait 3 to 4 month, The domistic comsumption raised sharply

Many believed China in 2015, the gross GDP will double then the US,

Reason? Central,Authoritive, good govemt thus enable incrediable build up speed

[chinaguitou]

@fdoca inchina，poor and rich are extreme, corrupt officials are indeed extremely rich, but most people are still poor and suppressed by the so-called "government"

[fdoca]

@chinaguitou poor and rich extreme are everywhere, specially the USA

There is trend now many think tanks looking into China's socilisum mixed w captalisium model, How and Why China came out on top so fast ??

The world is watching...

No perfect gorvmt in z world, China did their best, given them some time, it will do lot better, MORE freedom for sure time to time !

[chinaguitou]

@fdoca US is not the worst. in fact, china is the world's most non-socialist country. if you have been to China, not the skyscrapers in shanghai, Beijing, but the urban village, remote area, contact with those very poor low-income people, and compare them with cpc corrupt official's super luxury living. you may better understand cpc's evil and harm to china's people.

[chrisblueworld]

@fdoca good joke^^ China is a huge bubble!

[istraight1]

@fdoca you can not say that what about us housing market and china is now more expensive and china is stockpiling in stuff like toys hoping the usa will by there crap the usa returing right direction by saving money and buying stupid shit

[Bluetobaccoburst]

God damn Marc Faber is good.

[jpbeer]

THE WORLD IS A BUBBLE.....

PONZI SCHEME

[chrisblueworld]

China will be the next big bubble.

But in the long-term the Europe and Asia will be better of than the USA.

[piraat6666]

The shit is about to hit the fan.

[manoman0]

@piraat6666 - a very colourful way to describe our current situation....lol

[sabretoothed99]

Global crash coming, first europe, then UK/USA.

[HectorJW2007]

I'm enjoying the fall of Greece, my perverse mind tells me that China will buy Greece and they will have to adopt the Yuan and maybe the whole Euro-zone will have to.

[jpr12345678]

@HectorJW2007 lol

[manoman0]

@HectorJW2007 - LOL, Germans come first to get greek land, =D

[europa]

Glenn Beck is a shill and liked the bailouts

google Glenn Beck is a neo con

[kingmafi6699]

A Bursting Bubble does not equal a collapse.

In fact should the Bubble pop then that would make China more viable as it still is a manufacturing powerhouse with a high savings rate.

[europa]

@kingmafi6699

True but they hold the biggest debt of the USA, and their economy is tied deeply to the dollar and US citizens, decoupling will hurt before soaring to the heights predicted. The quality needs to improve in China to really excel.

[kingmafi6699]

@europa

That maybe true to a certain extent but China has over 1.3 billion people.

Any pain is short term as a rise in the value of the RMB will eventually make products more cheaper for the average Chinese while the U.S will see a dramatic decrease in living standards.

[europa]

@kingmafi6699

I totally agree but that's the macro the final conclusion, but it will be a wild ride in the micro sense.

Schiff for senate 2010!!!

[clarkewi]

We need to go find a planet to rob and plunder. Kind of like how they found America. Otherwise, we're coming to the end of an 800 year chain letter. In other words, "The ship of fools has run out of fools!"

[leonidas512]

@clarkewi

America is rich because it robs and plunder, well they have the biggest debt now, but for almost 400 years it was an economic production powerhouse!! Keep it in perspective please!

[manoman0]

@leonidas512 - yeah, but they managed to ruin vast industries within 100 years....

[leonidas512]

@manoman0

--

Aslong as the industries where there own i have no problem with that!!

[manoman0]

@leonidas512 - good point =D

[yunga70]

no body predict Greece will be collaps, no one can read the symtomse of collapssing of Greece. the fact is Grees collaps....but so many people predict China will collaps, the fact is in Q1 china gdp 11.9% growth.....

[killsomething2]

this guy has NO IDEA what he is talking about. The Euro in the long run will be fine, and Greece will recover. All this speculation over Greece leaving the Euro, ect, is biased and false.

[Iraqveterankill4real]

@killsomething2 All of the economies in the world are tide together before AI was even born all that has been done is create a massive economic bomb.

[cajunsatan]

@killsomething2

You sound just like the people who said back in 2004 that the housing market is fine, the stock market will never go below 10,000 and there are no bubbles. Of course, we all saw how stupid you all were a couple years ago.

Faber, Rogers, Shiff and Ron Paul all predicted almost every single thing that has happened to date, but I guess in this one case they are clueless.\

YOU IDIOT.

[bobbyb1978]

@killsomething2 The truth is Faber knows exactly what he's talking about but you do not know him or what he's talking about.

[justgetsome]

@killsomething2 ...yeah and you know better.

[58tkdmike]

GB - the nations IDIOT

[Rotschild1957]

Too many people want something for nothing. They got it through the government. Now governments are too big all over the world and it's all collapsing, in a while they can not take our money anymore and then the killing will start.