Marc Faber - Yahoo Tech Ticker - 09/09/2011
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All Comments (12)
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Some say China is building empty cities, somewhat correct. But they do have the people with needs to fill them. In my America, we can not even build roads or repair bridges that our people need so they do not die crashing into rivers.
America is now, "Worse than Japan". We bail out banks, not people.
Think about it....I don't like it.......but it is the truth.
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@EnnesX China Builds 9 to 12 Empty Cities a Year. Google the Video's in youtube and watch them for yourself. The renminbi has 1,200% Leverage placed against. In the Long Term China will have the stability of the U.S. Treasuries they have bought. Maybe with the land bridge to Iran for energy needs? being met? that will help China in the long run. China long? maybe. China short? for me no.. but good luck too you!! I have shared what I know to help.
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@WEALTHINSURANCE We are in a recession, perhaps they can't afford it... ;-)
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@JWnFL Having lived and worked in China long term, I think you have everything backwards. Their real estate glut is a relatively short term problem, and will be erased naturally when their prosperity catches up to the overzealous construction. I don't know what makes you think their growth is fake, and they haven't a net importer any time recently, even if their trade surplus is shrinking. THat's just how I see it, i'll stay long China and the longer the term, the more bullish I am on them.
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@EnnesX The debt carried on the renminbi before the ink dries after printing has nothing to do with 7 to 12 empty cities a year being built.
as far as being able to swap / settle in renminbi for Gold at the new(ish) exchange window, is a plus.. but it does not address the 1,200%+++ of debt in place against every renminbi printed. The fact that China can serive debt becuase of the faux growth, for now.. like you say nothing lasts forever.. China has been a net importer of goods for how long?
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@JWnFL Power lies with the creditors, not with the debtors. China's own citizens are more than capable of replacing American demand, our appetite for consumption is not somehow unique compared to other humans in the world. This is partially hidden for the time being by the status quo in the relationship of our currency, but when that breaks it is the US that will be hurting. Your views might be right if one assumes the world is not, and will never change from how it is now, but that is wrong.
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Good upload
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the fact that the Lobby Whores took Lobby Dollars to send 11 million Manufacturing Jobs to China and the Tax Base that those Jobs represented! The Renminbi with its 1.200% Leverage verse the 120% Leverage on the dollar. We are supporting China not the other way around.
Marc you and Jim Rogers need to buy better web cams.
WEALTHINSURANCE 6 months ago 8
Always love seeing a new video in my inbox. Thanks for the uploads. Marc is an awesome guy.
58jtaylor 6 months ago