Tags: Bubbles, China, CNBC, Hedge funds, Jim Chanos, Short sellers
Video: Jim Chanos: The China bubble is about to pop
On January - 25 - 2010
Tags: Bubbles, China, CNBC, Hedge funds, Jim Chanos, Short sellers
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Big suprise 2010
China Bluff Exposed, Regime Overthrown- China’s communist regime continued to print money, lending it to everybody that wanted and didn’t want it. The giant housing, infrastructure, and manufacturing bubble came to a violent crash when the debts where not paid and inflation forced the authorities to tighten despite massive unemployment. The combination of high inflation and high unemployment in the urban centers took the people to the streets. The Chinese citizens refused to accept state intervention in the economy and their personal life demanding more personal and economic freedom resulting in prolonged civil unrest which almost reached a full scaled civil war. The collapse of the Chinese regime and economy resulted in a colossal bust for commodity prices, albeit temporarily and caused a severe recession in Australia, Brazil, Russia, Argentina, and the Gulf States.
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