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2009-01-16 Home Front Economy

American Recession, Chinese Depression? Parallels to 1929

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Posted by BrerRabbit 2009-01-16 00:00|| || Front Page|| [7 views ] Top

#1 ION CHINA, WORLD MILITARY FORUM [GOOGLE CHinglish Translation]> IIUC BANK OF CHINA WARNS FINANCIAL CHAOSES WILL WORSEN IN 2009, WORSE THAN IN 2008.

Also on WMF > JAPAN SHOCKED AT CHINA'S EXPANDING EXTERNAL GEOGRAPHICAL CIRCLE: CHINA ESCALATING MOVES TO CONSOLIDATE ADMINISTRATIVE, MILITARY CONTROL IN 1-2 YEARS OF DISPUTED EAST-SOUTH CHINA SEA ISLANDS AND RESOURCES; + SINGAPORE SCHOLARS: CHINA IS EXPANDING, SPEEDING UP ITS "NECKLACE/
CHAIN OF PEARLS" STRATEGY. Newest Chin "Pearls" = Milbases or Possible future Milbases is GWADAR PORT and near GULF OF HORMUZ, but also other new areas throughout SE Asian States + Indian Ocean.

* SAME > US AMBASSADOR TO JAPAN: JAPAN NEEDS TO AMEND ITS POSTWAR CONSTITUTION IN ORDER TO CONSIDER, EMPOWER "COLLECTIVE DEFENSE" WITH THE US AND OTHER REGIONAL ALLIES.

Read, Expanded JSDF + Nukular-armed Nippon???

Posted by JosephMendiola 2009-01-16 00:26|| 2009-01-16 00:26|| Front Page Top

#2 Awwww, so sorry.

Posted by bigjim-ky 2009-01-16 09:16|| 2009-01-16 09:16|| Front Page Top

#3 With a recession, on top of spotty safety records, tainted products and customers starting to avoid China made goods on top of everything else, China is in for some real rough economic times. They already can't put all their coming of age people into good paying jobs and the situation is only going to get worse.
There are millions of young, single child, spoiled Chinese that expect and will demand a white collar job and salary. When they don't get it...
We have already seen riots, strikes and other mayhem. Expect it to get worse. Unlike other revolutions of the peasants and the farmers, this one might be from the middle class that finds itself becoming lower class.

Posted by DarthVader 2009-01-16 10:28|| 2009-01-16 10:28|| Front Page Top

#4 Stop focusing on the Great Depression. Instead look for parallels in the Panic of 1837 (which was about as severe as the Great Depression), and the Panic of 1893.

http://en.wikipedia.org/wiki/Panic_of_1837

http://en.wikipedia.org/wiki/Panic_of_1893

Also check out:

http://en.wikipedia.org/wiki/Panic_of_1819

http://en.wikipedia.org/wiki/Panic_of_1857

http://en.wikipedia.org/wiki/Panic_of_1873

http://en.wikipedia.org/wiki/Panic_of_1907

Posted by Anonymoose 2009-01-16 10:40|| 2009-01-16 10:40|| Front Page Top

#5 Back then they had no over reaching and massive government, nor 'banking regulations' per se. Today we have walls full of regulations and case law and legions of government bureaucrats, just little or no real enforcement because the regulators have demonstrated they are compromised by politicians and 'friends' in the industry.

Banking like government should be predicated upon the principle never to allow power to be accumulated to such an extent that it could be used by those who'd never trust with it.

Posted by Procopius2k 2009-01-16 11:45|| 2009-01-16 11:45|| Front Page Top

#6 Darth,

There are millions of young, single child, spoiled Chinese that expect and will demand a white collar job and salary and get laid!

There, fixed it for you.

Don't forget that disparity between young, spoiled men and young, not so spoiled woment.

Posted by AlanC 2009-01-16 11:57|| 2009-01-16 11:57|| Front Page Top

#7 Very true AlanC. Millions of young men, no jobs and no women due to the one child policy and people over there prefer sons...

Makes for one hell of a disaster.
I think China will use them to make a grab for Siberia.

Posted by DarthVader 2009-01-16 12:28|| 2009-01-16 12:28|| Front Page Top

#8 India has the same problem. If they're patient, demographics and Mexican style migration will give China Siberia with out many shots getting fired.

Posted by Nimble Spemble 2009-01-16 12:43|| 2009-01-16 12:43|| Front Page Top

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