Comments on: Throwing Good Money At Bad Money http://wallstreetpit.com/12064-risk-aversion-creeps-back-into-the-currencies Wed, 08 Feb 2012 22:13:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John Smith http://wallstreetpit.com/12064-risk-aversion-creeps-back-into-the-currencies#comment-79927 John Smith Fri, 13 Nov 2009 02:43:33 +0000 http://wallstreetpit.com/?p=12064#comment-79927 I think that most people miss that the shell game that is being played by the world governments to keep this house of cards from collapsing is going to make the inevitable collapse a much bigger problem. China for example says that they are having an economical growth of 9.8 percent and everybody seems to be ok with it. Now what I am wondering how could that reflect true GDP if they had to pay people to buy their stuff. That is no different if a business was offering their products below cost and saying that they are doing better then ever before. But in reality they are going broke in the process. That is not to mention that people some how forgot the lessons learned from central planning type of governments and what that ultimately leads to. I guess people always think that this time is different. Lets face it, China just has to many people for it to really emerge as a world power. The entire country is a powder cake that could blow at any moment. People have no idea how divided that country is and how much resentments is built up against the government. The US on the other hand is borrowing more money then ever before and everybody seem so to be concerned but very few people are doing anything about it. The government comes out with a 3.5 percent GDP and nobody mentions that it cost Trillions of dollars to achieve that growth and predict growth for next year like the government somehow can keep the money printing going. Then we have EU that is not much better then the US not to mention that they are decaying socially. At least in the US we still have plenty of kids. That is not the case with most of Europe. I still hold that once this house of cards the world managed to build collapses you better be in a country which is self sufficient and has a low population density or the coming storm will be a nightmare. I think that most people miss that the shell game that is being played by the world governments to keep this house of cards from collapsing is going to make the inevitable collapse a much bigger problem.

China for example says that they are having an economical growth of 9.8 percent and everybody seems to be ok with it. Now what I am wondering how could that reflect true GDP if they had to pay people to buy their stuff. That is no different if a business was offering their products below cost and saying that they are doing better then ever before. But in reality they are going broke in the process. That is not to mention that people some how forgot the lessons learned from central planning type of governments and what that ultimately leads to. I guess people always think that this time is different. Lets face it, China just has to many people for it to really emerge as a world power. The entire country is a powder cake that could blow at any moment. People have no idea how divided that country is and how much resentments is built up against the government.

The US on the other hand is borrowing more money then ever before and everybody seem so to be concerned but very few people are doing anything about it. The government comes out with a 3.5 percent GDP and nobody mentions that it cost Trillions of dollars to achieve that growth and predict growth for next year like the government somehow can keep the money printing going.

Then we have EU that is not much better then the US not to mention that they are decaying socially. At least in the US we still have plenty of kids. That is not the case with most of Europe.

I still hold that once this house of cards the world managed to build collapses you better be in a country which is self sufficient and has a low population density or the coming storm will be a nightmare.

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