China Economic Collapse You Won’t Believe Is Coming

[unhappycamper]

http://investmentwatchblog.com/china-economic-collapse-you-wont-believe-is-coming/

China Economic Collapse You Won’t Believe Is Coming
March 2nd, 2014

Economic prediction is tricky because much of it is the subjection interpretation of objective economic inputs. My opinion is that when it comes to economic matters, it’s better to err on the side of caution and protecting your assets.

To get up to speed on what’s happening in China, you can check out this video here:

China’s corporate debt has topped $12 trillion and interest payments on this debt alone will crush many Chinese businesses that have been propped up too long by China’s shadow banking system.

I believe a China economic collapse could come at any time. It is my opinion that China ordering banks to sell the Yuan and buy the U.S. dollar, in February 2014, shows that the Chinese government is starting to panic.

[pscot]

1. I believe everything I read

on the intertoobs. It all evens out in the end.

[mbperrin]

2. What a silly "documentary."

US HOUSEHOLD debt is over $16 trillion, so corporate debt of 3/4 of that is negligible.

The Chinese prop up the dollar to prevent us from paying them back with cheap dollars, an old debtor trick. That's why they're also buying assets in this country, using dollars to do so, avoiding any currency fluctuation transaction and carrying costs.

Truth is, they seem to be getting things for the money they spend - we get just a fraction of what we pay for, and that's the matter with our economy.

[Warpy]

4. That's just it, they are getting a marvelous infrastructure

that will sustain them for decades. All we get is a bloated DOD.

Knowing how the rest of the world spends their revenue makes me furious when I look at the shit we have to put up with.

We really are a third world backwater now.

[siligut]

3. Export numbers, domestic spending and industrial output are down

China's latest read on domestic spending and industrial output came in worse than expected, offering little comfort to markets already spooked by the prospect of a weakening economy.

Combined industrial output for January and February rose 8.6 percent on year, official data showed Thursday, worse than a Reuters forecast for a 9.5 percent rise.

Combined retail sales for the period, meanwhile, were up 11.8 percent on year, also missing Reuters expectations for an increase of 13.5 percent.

http://www.cnbc.com/id/101489500

And in further news, to prevent the sky from falling, China's Central bank may loosen its monetary policy.