Whoever still believe short sellers are considered to be associated with the financial terrorist. And in U.S. Constitution, those who abuse the currency system is LIABLE for death penalty.
I doubt this will happen. China is hedging its bets with gold and silver. China is slowly getting out of the American dollar. I think Chanos is wrong.
Despite my disgust about the predetory nature of hedge fund phony financial business in general, which does never create wealth on its own, but snatch wealth from other businesses like a vampire in a zerosum situation, I cannot help admiring this man's clear-thinking and convincing argument.
dude is kinda right,the chinese like to fake its economic data,i remember reading something that the chinese 12% economic rise a yr av dropped down to 7-8% rise a yr,when the chinese release there data,its says 9% n now its still 9% growth,whats also funny is some chinese economists claim china economy will worth 150 trillion in 80 yrs from now,20 times bigger than the u.s,LOL,so that means russia,middle east,europe,africa,australia,south america now are chinese state.
When people have short positions, they love to spread bad rumours around. The testimony i rate is the Chanos is highly rated by Marc Faber who is a genius. Faber states Chanos is super smart, but he is usually early to get short.
L, please let me draw your attention to the 4:45 minute mark in my vid "Ron Paul - An audit would expose secret Fed deals with foreign banks". To state the obvious, it ain't looking pretty for the greenback.
Enter the conundrum, if you think the US can intervene in the credit markets, why can't China play the same game ... and longer? The two economies are intertwined and right now, China has cash.
China isn't building with cash; China is building with DEBT. Businesses are heavily indebted to Chinese banks. Asset values, especially on real estate, are massively inflated and heavily leveraged. China is setting itself up for its own banking crisis... real estate bubble, widespread defaults.
Enron was booming too according to their own numbers. Those were a scam just as China's growth numbers are. by the way, Chanos was the first to question Enron's accounting.
Of course there is. The last two weeks of sliding performance on the DJIA, the S&P500, and the NASDAQ have been due to a combination of worry over the Federal Reserve Chair's continuity AND about a possible bubble in the real estate market in China.
Correspondingly, there is about to be a big interest rate hike for any borrowing in China, and THAT is going to be a problem for US currency, as Chinese money supply is going to decrease, which will devalue the dollar worldwide.
last two weeks have been quite bearish for Chinese stocks as well. FXI (China ETF) fell below 50day and 200day MA on significantly increased volume. After hitting a 52wk high in November, the index fell into a head and shoulder consolidation (classic sign of impending reversal), then broke down below the neckline on accelerating volume. Long term, the chart also looks bearish (only a 50% retracement of the plunge from 2007 highs). FXI is having a "double-dip recession" of its own.
From what I saw in other Youtube video, Chanos and other hedge fund managers are the culprits that caused the destruction of the US economy by short selling some companies into bankruptcy. This guy made huge profit at the stake of billion of people around the world. Now he is trying to do the same to China. But I think China has enough capital to prevent another disaster.
@stealthpakfa Nah, let his investors to do the job on him when the U.S. system collapses and he lost everything that he once promised. Perhaps we might see his dead body shown on the front page of those mainstream news.
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nice clip thanks for sharing i enjoyed it =)
neilengen 3 months ago
Whoever still believe short sellers are considered to be associated with the financial terrorist. And in U.S. Constitution, those who abuse the currency system is LIABLE for death penalty.
ltmikepowell 3 months ago
I doubt this will happen. China is hedging its bets with gold and silver. China is slowly getting out of the American dollar. I think Chanos is wrong.
lorenzo8500 6 months ago
Despite my disgust about the predetory nature of hedge fund phony financial business in general, which does never create wealth on its own, but snatch wealth from other businesses like a vampire in a zerosum situation, I cannot help admiring this man's clear-thinking and convincing argument.
mmmoroi 1 year ago
china is over, the next is India or Brazil
pinoko1311 1 year ago
dude is kinda right,the chinese like to fake its economic data,i remember reading something that the chinese 12% economic rise a yr av dropped down to 7-8% rise a yr,when the chinese release there data,its says 9% n now its still 9% growth,whats also funny is some chinese economists claim china economy will worth 150 trillion in 80 yrs from now,20 times bigger than the u.s,LOL,so that means russia,middle east,europe,africa,australia,south america now are chinese state.
fmoa 1 year ago
When people have short positions, they love to spread bad rumours around. The testimony i rate is the Chanos is highly rated by Marc Faber who is a genius. Faber states Chanos is super smart, but he is usually early to get short.
rogerbodger33 2 years ago 3
L, please let me draw your attention to the 4:45 minute mark in my vid "Ron Paul - An audit would expose secret Fed deals with foreign banks". To state the obvious, it ain't looking pretty for the greenback.
jerepah 2 years ago
Enter the conundrum, if you think the US can intervene in the credit markets, why can't China play the same game ... and longer? The two economies are intertwined and right now, China has cash.
Cerkonn 2 years ago
China isn't building with cash; China is building with DEBT. Businesses are heavily indebted to Chinese banks. Asset values, especially on real estate, are massively inflated and heavily leveraged. China is setting itself up for its own banking crisis... real estate bubble, widespread defaults.
herbs814 2 years ago
?? infact chinese economy is booming ..... the only country in the world thats going upside in this economic crisis.
SAJJJJJAD 2 years ago
Enron was booming too according to their own numbers. Those were a scam just as China's growth numbers are. by the way, Chanos was the first to question Enron's accounting.
anujbahl 2 years ago 9
wishful thinking, Mr. Chanos
this guy confessed in the past that he doesn't like China
tacotony24 2 years ago
@tacotony24
Any solid evidence that he is wrong?
Blackjack555 2 years ago 4
@Blackjack555
Any solid evidence that he is right?
tacotony24 2 years ago
I asked you 1st.
Blackjack555 2 years ago
Of course there is. The last two weeks of sliding performance on the DJIA, the S&P500, and the NASDAQ have been due to a combination of worry over the Federal Reserve Chair's continuity AND about a possible bubble in the real estate market in China.
Correspondingly, there is about to be a big interest rate hike for any borrowing in China, and THAT is going to be a problem for US currency, as Chinese money supply is going to decrease, which will devalue the dollar worldwide.
Bad times ahead.
bigollameo 2 years ago
last two weeks have been quite bearish for Chinese stocks as well. FXI (China ETF) fell below 50day and 200day MA on significantly increased volume. After hitting a 52wk high in November, the index fell into a head and shoulder consolidation (classic sign of impending reversal), then broke down below the neckline on accelerating volume. Long term, the chart also looks bearish (only a 50% retracement of the plunge from 2007 highs). FXI is having a "double-dip recession" of its own.
herbs814 2 years ago
Better watch?v=Ty8zY-oSXJ0&feature=fvw
dezibeldani 2 years ago
From what I saw in other Youtube video, Chanos and other hedge fund managers are the culprits that caused the destruction of the US economy by short selling some companies into bankruptcy. This guy made huge profit at the stake of billion of people around the world. Now he is trying to do the same to China. But I think China has enough capital to prevent another disaster.
Transen12 2 years ago
@Transen12 Hang this crook high when the Federal Reserves System collapses. His dead body can decorate those tree of liberty.
ltmikepowell 3 months ago
Comment removed
stealthpakfa 2 years ago
@stealthpakfa Nah, let his investors to do the job on him when the U.S. system collapses and he lost everything that he once promised. Perhaps we might see his dead body shown on the front page of those mainstream news.
ltmikepowell 3 months ago
China just made short selling and futures index available. Hope this guy will stick to his words by shorting China. Hahaha
yjfoo81 2 years ago