BrasscheckTV: The Bubble To End All Bubbles‏

The focus lately is on the the Ukraine, 
but a bigger story - and one much 
harder to resolve and potentially
explosive - is unfolding in China. 
 
The current market tremors there may not 
be the collapse many have been expecting, 
but if not now a "readjustment" is 
virtually inevitable. 
 
Weathering an "economic adjustment" 
that involves over 1 billion people, many
already p'ed off is not going to be an
easy thing to manage. 
 
Video:
 
http://www.realecontv.com/page/26233.html
 
- Brasscheck

China: The bubble to end all bubbles

Hidden in plain sight

 China is now the second largest economy in the world and for the last 30 years China's economy has been growing at an astonishing rate. While Britain has been in the grip of the worst recession in a generation, China's economic miracle has wowed the world.

It is a story of spending and investment on a scale never seen before in human history -- 30 new airports, 26,000 miles of motorways and a new skyscraper every five days have been built in China in the last five years. But, in a situation eerily reminiscent of what has happened in the west, the vast majority of it has been built on credit.

This has now left the Chinese economy with huge debts and questions over whether much of the money can ever be paid back. Interviewing key players including the former American treasury secretary Henry Paulson, Lord Adair Turner, former chairman of the FSA, and Charlene Chu, a leading Chinese banking analyst, Robert Peston reveals how China's extraordinary spending has left the country with levels of debt that many believe can only end in an economic crash with untold consequences for us all.

 

"There is no way to grow out of this problem"

Lend me a billion dollars and I can be a billionaire too...until it's time to pay it back.

Then the question will be did I put the money in a place where I get a return...and where the money returns at all.

If not, there's going to be a little problem.

While the world cheered - because the world needed to sell China commodities and other things at high prices to stay afloat - China went on a borrowing spree that is unmatched in world history.

John Law was a timid amateur in comparison.

This is not to take anything away from the accomplishment of the Chinese people. Given the chance, they carried out a building boom like no other.

How the loaned money is going to be repaid is another question.

But like I say about Italy...at least they'll have some fancy ruins to live in.

But don't ask for whom the bell tolls. Keep in mind the Chinese sleight of hand act has been the thing holding the whole global financial system together.

Commentary from:

Henry Paulson ,former American treasury secretary Lord Adair Turner, former chairman of the FSA, Charlene Chu, a leading Chinese banking analyst,

- See more at: http://www.realecontv.com/videos/china/china-the-bubble-to-end-all-bubbles.html#sthash.XsrI8tfl.dpuf

If and When you do your research you will find that Chinese Business Interests have just purchased some very valuable property on Wall St.  Let you figure it out!  And the World cannot find an almost 200 ft. wingspan, 600,000 pound airliner with 239 humans on board.  OK, What Is Really Going On?  God Bless All Families Involved with Flt. 370.

China: The bubble to end all bubbles

Hidden in plain sight

- See more at: http://www.realecontv.com/videos/china/china-the-bubble-to-end-all-bubbles.html#sthash.XsrI8tfl.dpuf