Godlike Productions - Conspiracy Forum
Users Online Now: 2,396 (Who's On?)Visitors Today: 1,413,171
Pageviews Today: 2,127,607Threads Today: 601Posts Today: 12,414
08:42 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Chinese economic DOOM!! Signs show they could be worse off than the US.

 
G. House
Offer Upgrade

User ID: 1406885
United States
07/16/2012 10:56 PM

Report Abusive Post
Report Copyright Violation
Chinese economic DOOM!! Signs show they could be worse off than the US.
Here is a link to an interesting link about certain aspects of Real Estate in China.

[link to behindthewall.msnbc.msn.com]

I'm also going to post a few snippets for those that don't like to click.

All that's missing are the people.

Thames Town was completed in 2006, cost a billion dollars to build, and was designed as home for 10,000 people. But shops and restaurants are boarded up, their doors chained.

Thames Town is one of the more bizarre examples of the madness of a construction frenzy and real estate bubble that has left the country with an estimated sixty four million empty homes. It was fuelled by easy money and rapidly rising prices.


OK, I guess it's pretty common knowledge at GLP that these ghost towns do indeed exist in China.

By China's own estimate, there are twenty new cities being built each year. One recent housing development was designed to look like a village in Austria.

The building is ongoing.

Now this next thing I hadn't heard about.

The problem for the Chinese government is that construction is a major component of GDP. Wasteful and mad though it may seem to outsiders, it has helped pump up growth figures, particularly after the 2008 financial crises, when the Chinese government injected into the economy a stimulus worth nearly US$700 billion. Much of that money went straight to those ghost towns.

I did not know the Chinese did a stimulus at a number similar to what was done in the US.

Keep in mind China's GDP is roughly half that of the US.

And here's the kicker.

Local government has come to rely on rising land prices for its funding, and local authorities have run up huge property-related debts. Nobody quite knows how exposed China's banks might be.

They are certainly not in a good position.

Especially if things keep going downhill in the US as I think we are still their largest customer.

Last Edited by G. House on 07/16/2012 11:46 PM
"Everybody lies."
What if ?

User ID: 16800778
United States
07/16/2012 10:58 PM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
Ghost Cities
Ghost economy
Ghost GDP
They say cream rises to the top
Sometimes shit floats to the top as well
G. House (OP)

User ID: 1406885
United States
07/16/2012 11:44 PM

Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
Ghost Cities
Ghost economy
Ghost GDP
 Quoting: What if ?


So they have:

Ghost Cities
Ghost economy
Ghost GDP

The debt on the ghost cities...

And a trifling in US Bonds.

That's about it.
"Everybody lies."
Anonymous Coward
User ID: 1445731
United States
07/16/2012 11:52 PM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
They are bullshitting everyone about the state of their economy.
G. House (OP)

User ID: 1406885
United States
07/16/2012 11:55 PM

Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
They are bullshitting everyone about the state of their economy.
 Quoting: Anonymous Coward 1445731


Sad to say at the current state we are in, we are probably in a stronger position than the other countries.
"Everybody lies."
Anonymous Coward
User ID: 19925245
Canada
07/17/2012 12:09 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
They are bullshitting everyone about the state of their economy.
 Quoting: Anonymous Coward 1445731


There main market is us buying all the shit they manufacture. Haven't or don't you read the labels. Everything and I mean everything is made in CHINA. If were all broke and not just the US, people are pinched in Canada too and were not buying all the widgets anymore, What do you think happens to them, Get an education.
Evil_Twin
Hellbilly

User ID: 14319721
United States
07/17/2012 12:24 AM

Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
They are bullshitting everyone about the state of their economy.
 Quoting: Anonymous Coward 1445731


Sad to say at the current state we are in, we are probably in a stronger position than the other countries.
 Quoting: G. House


We still build all the good shit. Airliners, high tech medical equipment, heavy industrial equipment....they build towels and toaster ovens.
.

Anyone that doesn't love Moms, bacon, and dogs is clearly not human.
Anonymous Coward
User ID: 10885457
Canada
07/17/2012 12:27 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
do you think they will stop buying up all the Canadian houses thus hiking up the average cost of a detached home to just under a million?
Anonymous Coward
User ID: 14746155
United States
07/17/2012 01:12 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
do you think they will stop buying up all the Canadian houses thus hiking up the average cost of a detached home to just under a million?
 Quoting: Anonymous Coward 10885457

Yes, and real estate prices will fall 90% when that happens.
Anonymous Coward
User ID: 5135901
United States
07/17/2012 01:24 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
Chinese real growth is still at least double the rate of US "growth"..

if that's you can call shuffling paper around and gold plated military toilet seats LOL

The parts in the SUV's hauling your ugly fat asses and in your computer are from China, did you forget about that?

LOL Americans are just dumb fucks.
Anonymous Coward
User ID: 16604126
Philippines
07/17/2012 01:35 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
do you think they will stop buying up all the Canadian houses thus hiking up the average cost of a detached home to just under a million?
 Quoting: Anonymous Coward 10885457

Yes, and real estate prices will fall 90% when that happens.
 Quoting: Anonymous Coward 14746155


Canadians will have a rude awakening soon.
A million dollar house in Vancouver is total madness that will be stopped as brutally as train colliding a concrete wall.
Yeah, 90% drop is probably the right amount.
Baltar

User ID: 6861585
United States
07/17/2012 01:35 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
do you think they will stop buying up all the Canadian houses thus hiking up the average cost of a detached home to just under a million?
 Quoting: Anonymous Coward 10885457


Consumer income to debt ratio around the world is now much higher than the US's was before the crash of 2008

Canada is about 155% debt to income, Australia near 160%, UK over 170% and Denmark and Netherlands both over 200%....in Brazil housing prices have gone up 10x in 10 years in some cities, and over 90% of income going to pay for bills for many people

People are close to tapped out as far as their ability to buy useless stuff they don't need

Canada just instituted much tougher real estate lending rules which will probably prick the housing bubble

I know the Canadian government was aiming to cool off the western markets, but it will really hurt the moribund markets in Eastern Canada, which already were having a difficult time outside of Halifax and St John....

Anyway, nothing you didn't already know

The world is headed for a major slowdown in 2013

Yes he US is in comparatively better shape, as we are farther along in the boom bust cycle...having busted in 2008 we've snapped back some

But EVERYONE touched by globalism will feel this coming slowdown.

No way this doesn't hurt....brace for impact!
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
User ID: 19933383
Australia
07/17/2012 01:50 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
I wonder what going to happen with the trillions that America owes China.
Anonymous Coward
User ID: 6666790
United Kingdom
07/17/2012 02:01 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
No Ones buying their shit anymore.


Here in the UK people are saving their money for staples like food and when they buy home goods they make sure it's not chinese.


That's about it.
Serenity777

User ID: 1129812
United States
07/17/2012 02:04 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
Why are you worried about China?

Isn't there enough going on RIGHT HERE?

puke
watching the "run up" to the elections and the "hopes and dreams" that are built as a result is like watching a dead mouse that is still able to make his exercise wheel go around because his nerves are still twitching that familiar motion...
Anonymous Coward
User ID: 19893249
Greece
07/17/2012 02:13 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
USA is broke... China, Germany and Russia are not.
Anonymous Coward
User ID: 19755162
United States
07/17/2012 02:14 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
STOP BUYING THE CRAP MADE IN CHINA!!!


IN OTHER WORDS: STOP SHOPPING AT WALMART!!!!!!!!!!!
Anonymous Coward
User ID: 19558071
United States
07/17/2012 02:28 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
What happens when a nation of 1.3 billion people starts to implode economically?

That is the question that all should consider.

The Chinese believe their problems are caused by overpopulation. 1.3 billion, a lack of resources (food/oil) to sustain continued population growth, and general lack of living space (why do you think they literally live on top of each other in those cramped high rise buildings?). They are a nation that carries out forced abortions, sterilizations, and one child policy, they are the nation that killed 80 million of their own people under Mao in perhaps the largest holocaust in human history.

All of these things clearly show their fear of population growth, and the strain on land and resources it presents.

So what happens when they start to collapse? Using the prism of their own logic - they will have to expand for their own survival. They need more land for their people to have room, land that is rich in resources to support said people, and land/air/water that is clean compared to their filthy smog cities. They will have to turn to colonization.

Now ask yourself what lands could offer all of the above requirements to them? Land, resources, clean environment? What lands could offer these things to a culture that believes it has achieved racial mastery?

That question is perhaps the most crucial for understanding World War 3.
Anonymous Coward
User ID: 19887188
China
07/17/2012 02:36 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
propogandapropoganda
Anonymous Coward
User ID: 19558071
United States
07/17/2012 02:39 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
And perhaps the scariest question of all to consider - how would a nation that views domestic population growth as its greatest threat react to the possibility of using nuclear weapons?

What effect does MAD have on such a nation that already has 1.3 billion people? Would nuclear war not help them achieve their population reduction goals, while still allowing for several hundred million survivors to rebuild? The possibility of rebuilding on colonized lands in addition to mainland China?

If population is your greatest threat then what incentive do you have to protect your people? How does MAD apply for a nation of 1.3 billion as opposed to a few hundred million?

If the idea of nuclear war would actually 'help' their internal problems, then why would they hesitate to launch a first strike?
Anonymous Coward
User ID: 19878538
07/17/2012 02:40 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
This is propaganda. See BRICS. They are creating their own economies without the West. If the West would cooperate a new, less violent and more productive attitude would prevail.
Sir Griffo
Sir Griffo

User ID: 1557679
Australia
07/17/2012 02:46 AM

Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
What happens when a nation of 1.3 billion people starts to implode economically?

That is the question that all should consider.

The Chinese believe their problems are caused by overpopulation. 1.3 billion, a lack of resources (food/oil) to sustain continued population growth, and general lack of living space (why do you think they literally live on top of each other in those cramped high rise buildings?). They are a nation that carries out forced abortions, sterilizations, and one child policy, they are the nation that killed 80 million of their own people under Mao in perhaps the largest holocaust in human history.

All of these things clearly show their fear of population growth, and the strain on land and resources it presents.

So what happens when they start to collapse? Using the prism of their own logic - they will have to expand for their own survival. They need more land for their people to have room, land that is rich in resources to support said people, and land/air/water that is clean compared to their filthy smog cities. They will have to turn to colonization.

Now ask yourself what lands could offer all of the above requirements to them? Land, resources, clean environment? What lands could offer these things to a culture that believes it has achieved racial mastery?

That question is perhaps the most crucial for understanding World War 3.
 Quoting: Anonymous Coward 19558071


Background music to your comment! Im hearing Advance Australia Fair!
cetra8

User ID: 1474313
United States
07/17/2012 02:46 AM

Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
I don't thing there are any economic power houses. I am uncertain that there are even puppet masters anymore. The terrifying possibility that the whole world may be mindlessly falling off a cliff is terrifying but seeming more likely everyday.

Then again they say the greatest trick a devil could play would be convincing others that it didn't exist. So who knows.
fake
User ID: 11735026
07/17/2012 02:57 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
I'll say this is total shillary

1 word , you missed is "GOLD".

That is not included in there GDP sir!

They use real money to buy Oil and Gas. Not the "DEAD" petrodollar

whatever
Anonymous Coward
User ID: 19797477
Japan
07/17/2012 03:01 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
They need women since they abort all their unborn girl-children for some stupid reason.

Japan is not far away. There are plenty of women and many weak men.

Unsettling possibilities.
glp-trust-corp-0009
User ID: 2469236
Canada
07/17/2012 03:08 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
If the idea of nuclear war would actually 'help' their internal problems, then why would they hesitate to launch a first strike?
 Quoting: Anonymous Coward 19558071


the whole nuclear bomb this is a scare tactic. it would be some sort of superflu that kills the population.
grasptheuniverse

User ID: 19926756
Australia
07/17/2012 03:09 AM

Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
STOP BUYING THE CRAP MADE IN CHINA!!!


IN OTHER WORDS: STOP SHOPPING AT WALMART!!!!!!!!!!!
 Quoting: Anonymous Coward 19755162


So if all you americans stopped buying made in china, what would you buy then. America doesnt make anything. Do they make household items and would they make them cheap NO they dont and they could never compete with the chinese for manufactured goods. Get real
caz
mrroy

User ID: 19694764
United States
07/17/2012 03:16 AM

Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.


[link to www.youtube.com]
we're here to go
Marxist

User ID: 3909047
New Zealand
07/17/2012 03:23 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
Chinese real growth is still at least double the rate of US "growth"..

if that's you can call shuffling paper around and gold plated military toilet seats LOL

The parts in the SUV's hauling your ugly fat asses and in your computer are from China, did you forget about that?

LOL Americans are just dumb fucks.
 Quoting: Anonymous Coward 5135901


How come all these Chinese cities emulate Western ones? Seeing as they are so pally with Islam, why no Saudi lookalike towns?
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
User ID: 16854076
Australia
07/17/2012 03:33 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
Here is a link to an interesting link about certain aspects of Real Estate in China.

[link to behindthewall.msnbc.msn.com]

I'm also going to post a few snippets for those that don't like to click.

All that's missing are the people.

Thames Town was completed in 2006, cost a billion dollars to build, and was designed as home for 10,000 people. But shops and restaurants are boarded up, their doors chained.

Thames Town is one of the more bizarre examples of the madness of a construction frenzy and real estate bubble that has left the country with an estimated sixty four million empty homes. It was fuelled by easy money and rapidly rising prices.


OK, I guess it's pretty common knowledge at GLP that these ghost towns do indeed exist in China.

By China's own estimate, there are twenty new cities being built each year. One recent housing development was designed to look like a village in Austria.

The building is ongoing.

Now this next thing I hadn't heard about.

The problem for the Chinese government is that construction is a major component of GDP. Wasteful and mad though it may seem to outsiders, it has helped pump up growth figures, particularly after the 2008 financial crises, when the Chinese government injected into the economy a stimulus worth nearly US$700 billion. Much of that money went straight to those ghost towns.

I did not know the Chinese did a stimulus at a number similar to what was done in the US.

Keep in mind China's GDP is roughly half that of the US.

And here's the kicker.

Local government has come to rely on rising land prices for its funding, and local authorities have run up huge property-related debts. Nobody quite knows how exposed China's banks might be.

They are certainly not in a good position.

Especially if things keep going downhill in the US as I think we are still their largest customer.
 Quoting: G. House


Yeah dangerous. While their economy is doing fine they will not want to fight. They are about economic prosperity ad holding the wealth. Take away (or stifle it) look out. Even a falling out with Russia is possible.

But i would not worry about an attack on the US mainland as China's military although very strong technology and manpower wise is not mobile enough to complete a US invasion.

Not only that the resistance from the US homeland defense, The militia's, ethnicity based gangs (white supremacist, N & S Mexican, Central American, KKK, Black Bloods & Crips), Biker gangs and all the released prisoners will be massive. It will make Iraqi bloodshed look like a walk in the park. Combine with that the highest gun ownership rate of private citizens in the world and no one would be good enough to take the US unless they used nuclear weapons.
Anonymous Coward
User ID: 1089603
New Zealand
07/17/2012 03:34 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese economic DOOM!! Signs show they could be worse off than the US.
if they had to introduce an unemployment benefit in china it would only need to be about ten buks a week to enable them to maintain a living standard, on . to . it !!

News