GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Sunday, September 11, 2011

Bob Chapman on China

Robert Chapman from The International Forecaster on China. : I think first of all they got very difficult financial and economic problems , 30 million people are unemployed exports are starting to fall just like that in Germany , they are both major exporters same thing happens in Japan as well although they have different additional problems , they have a real estate bubble that has not really broken yet , they have inflation which averages about 15 percent contrary to their figures 6.8 percent although in some of the provinces it is lower and in some it is higher , the people who live in Guangdong they go over to Hong Kong and they shop , Guangdong got lots lots of inflation , prices tend to be higher in places where people tend to go in on vacation , they continue (China) to search around the world for commodities for their potentially growing economy although they could slow down quite a bit , the world is facing a lower economy and that's really is going to affect very negatively the Chinese

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