What options do the Chinese have? Is their economy controlled by Beijing government? Are global market forces in place? How can they exempt themselves from international policies, the World Bank for better or worse, the facts of pricing and transportation outside their borders? I don't see where the Beijing government is likely to be any more effective at attempting to control the economy than the D.C. Players or the Royal Bank of Scotland.
It's a world-wide collapse. Governments get overturned when that happens. We have an election coming up to prove exactly that; the conservative Mexican government has already frozen prices on staples in order to protect itself from its liberal population, and the Beijing government marches onward with a flawed Olympics, a horrifying earthquake disaster, and systematic attacks on ethnic Tibetans.
Maybe a Buddhist won't point a finger at the Beijing government but maybe disgruntled citizens are ready to follow Mao's example and topple the ruling class once again. Wouldn't that be something? A neo-Communist revolution in a post-Communist country. Beijing might find itself needing the Dalai Lama to save them from their own people. I must be daydreaming.
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· 1 year ago
The Chinese see an event like the earthquake as a portend to change of the regime there to another. They see it exactly like that. Interesting times we all live in these days.
hawkseye
· 1 year ago
What you suggest is certainly possible.
If CNBC reports are correct, the Chinese government has raised the price of oil which has had an impact on the world ppb todday, and will not make Chinese middle class happy.
Andrew
· 1 year ago
Chris, it isn't just the markets in China that are falling, but rather every countries market that pegs its currency to the US dollar. That is an ongoing problem for anyone investing in dollars because the old girl just isn't worth a buck anymore. In fact the dollars has lost over 95% of its value and it's taking other countries economis down with it. The day will come when other countries will break their peg to the dollar and return to backing their currency with precious metals again as they did prior to 1971 when Nixon broke that link.
Andrew A. Gill
· 1 year ago
I'd love to be happy about this. After all, that's good news for the US, right? And fewer Chinese imports would mean that we're not supporting their regime.
But if their economy collapses, they'll give themselves new powers that will make martial law look like anarchy.
So I'm sad.
jr
· 1 year ago
Wal Mart CEO Lee Scott's going to be boozing this weekend
stock market
· 1 month ago
Yes that true china is facing the problem.Inflation also has a negative impact on the poor who continue to struggle in China.
All Comments
It's a world-wide collapse. Governments get overturned when that happens. We have an election coming up to prove exactly that; the conservative Mexican government has already frozen prices on staples in order to protect itself from its liberal population, and the Beijing government marches onward with a flawed Olympics, a horrifying earthquake disaster, and systematic attacks on ethnic Tibetans.
Maybe a Buddhist won't point a finger at the Beijing government but maybe disgruntled citizens are ready to follow Mao's example and topple the ruling class once again. Wouldn't that be something? A neo-Communist revolution in a post-Communist country. Beijing might find itself needing the Dalai Lama to save them from their own people. I must be daydreaming.
If CNBC reports are correct, the Chinese government has raised the price of oil which has had an impact on the world ppb todday, and will not make Chinese middle class happy.
The day will come when other countries will break their peg to the dollar and return to backing their currency with precious metals again as they did prior to 1971 when Nixon broke that link.
But if their economy collapses, they'll give themselves new powers that will make martial law look like anarchy.
So I'm sad.