16Jan/1224
5/3/10 Marc Faber on Bloomberg: China’s Economy May Crash in Next 12 Months
GloomBoomDoom.com Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Haslinda Amin about the outlook for China's economy. Faber, speaking from Hong Kong, also discusses Greece's debt crisis and the euro, the commodities market, and the implications of political unrest in Thailand for the nation's economy and stock market.
January 16th, 2012 - 18:30
kick greece,spain,eastern countries out of EU.. i agree with faber! us in the north are paying for these south european mafia gang!
January 16th, 2012 - 18:50
@kiwimike1000
What goes up must come down…
January 16th, 2012 - 19:21
Seems like wishful thinking to me
January 16th, 2012 - 19:27
@ulomonsti China alone has the 3d largest economy and the 5th largest Domestic market combine this with China’s high savings rate and you’ll see that this is just a speculation. And with incomes in China rising faster than GDP, there’s no need to tap into these savings while increasing Chinese domestic demand which actually negates lower Western demand. Besides; the Chinese economy is already showing signs of cooling off with growth lower than in Q1.
January 16th, 2012 - 19:59
Yes there will be one economy intact – the new global one, with no physical currency.
test case again…
“NO!! to carbon taxes” Who produces the most ‘carbon’? We collectively do. Tax the people!! Poor New Zealanders
January 16th, 2012 - 20:47
the question will any economy be intact when it does?
January 16th, 2012 - 21:10
Synchronized monetization . . . the new Olympic sport for 2010.
January 16th, 2012 - 21:21
@Lingerfoot – thoroughly familiar with Fresco and the Venus Project – love his concepts but know it will never happen.
January 16th, 2012 - 22:01
@iaf000 market always overshoot and undershoot! that means market is always wrong! XD XD XD XD XD XD XD XD XD XD XD XD XD XD XD XD
January 16th, 2012 - 22:32
alll government will have stimulus package! when china cant speculate in property, they wil do it in gold! XD wow!!!! XD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
January 16th, 2012 - 23:04
LOL, i hope it happeneds
January 16th, 2012 - 23:31
@Lingerfoot it is lucifer project. XD
January 16th, 2012 - 23:56
@Lingerfoot I don’t trust it…
January 17th, 2012 - 00:42
Sir, do you watch videos by Jacque Fresco here on youtube? Peace!
January 17th, 2012 - 01:08
Please check out – The Venus Project.
January 17th, 2012 - 01:57
@ulomonsti Ahh.. One more thing, u were saying that CHina & the west has a Buy & Sale relations! Yes, u r partially correct! But u r forgot the fact that China by itself is already 1/5 of the world’s market! China has enough natural resources, domestic trade – production, and the population to close its doors and still survive. How many countries in the world can do that?
January 17th, 2012 - 02:50
@ulomonsti Again China is a DEVELOPING country today! I never said China is leading the world today. But it is inevitable that China will eventually lead the world again very soon! It is just part of the circle of life “China Cycles/Curse”! But may be 3-4 hundreds from now the Dragon will FALL ASLEEP again and awaits for its next awakening! But as of now NO ONE CAN STOP 1.3 billion people from entering onto the world stage!
January 17th, 2012 - 03:41
@ulomonsti How can a country of 1.3 billion people not be chaotic? I glad that u pointed out how the central gov’t of China is losing its grip on the economy & also in other issues! Many westerns still think of CHina as the days of Mao! Yes, I agree with you that CHina needs more gov’t intervention in its economy & or in many other issues as well. But this is the cost for China in the road to becoming a socialistic harmonized free nation with unique Chinese characteristics!
January 17th, 2012 - 03:52
@popoTb lastly what? that major event of “coming back” is happening, everyone knows that. But before that, let us calm down and do some homework, can’t we? The Chinese central government is literally losing control on economic and industrial policies.
January 17th, 2012 - 04:06
@popoTb I hope you enjoy your fantasies. 1. China IS NOT leading the world right now. THE USA is. 2. CHinese economy is one of the most ridiculously structured in the world, with 70% investment and petty 30% consumption. This is pure bubble! 3. China and the West are simply buyers and sellers, if buyers stop buying and go bankrupt, sellers will either change the product or go bankrupt as well.
January 17th, 2012 - 04:19
@ulomonsti U Said, “NO ONE IS EXCEPTIONAL TO ECONOMIC RULES”
OK I won’t waste time answering u! I will let the professor and expert do so! watch these following videos then u will c u can’t impose western theories to CHina:
1. China: Leading the World Again. Dr. Eddie O’Connor:
2. Doing Business With China
3. China and The West
January 17th, 2012 - 04:38
@ulomonsti IF U R CHINESE THEN U SHOULD BE PROUD OF THE RISE OF CHINA! IT IS NOT THE TIME TO WORRY ABOUT SUSTAINABILITY of GROWTH! Psychology & morale of the Chinese people is much more important than GDP & other statistics! Its the Pride of CHinese that is driving its economy!
Don’t WORRY! There may be glitches but the outcome will still be the same, CHina will prevail! The next century or so is OURS FOR THE TAKING! 1
January 17th, 2012 - 05:24
@ulomonsti Its NAIVE TO think that anything would LAST FOREVER! let alone the growth of CHina! China will eventually be DEVELOPED and become a FIRST WORLD NATION! it is just a matter of TIME!
January 17th, 2012 - 06:08
Well, basically…