Tuesday, July 28, 2015

What Are the Chinese Thinking?

It's interesting; many people from many countries have many criticisms against Americans, but given the choice, they will live just like we do.

Here's an article from Ad Hedge, err, Zero Hedge discussing the brilliance of the Chinese. It's amazing after all these years anyone, anywhere has any trust in government.

How A Chinese Farmer Lost More Than Everything Trading Stocks

 Last night, just six weeks after one Chinese farmer Liu Jianguo invested his life savings in the Chinese market, proclaiming "it's a lot easier making money from stocks than farm work," we wondered if it was time for a sequel:

"I don't know what to do... I trusted the government too much..." he exclaims, adding "I won't touch stocks again, I have ruined everyone in my family."

Read the rest here.


While I was putting this piece together I became curious about one other data point:

"In a report titled “Future Diets,” the Overseas Development Institute (ODI) used data covering a period of about 28 years from India, China, and Mexico, among others, to demonstrate the trend toward obesity in developing nations. The ODI analysis revealed that between the years of 1980 and 2008, obesity effectively tripled in the developing countries examined, resulting in a total of about 904 million obese citizens. The ODI describes this trend as a veritable “fat explosion.”

According to this research, India alone is credited with approximately 1.46 billion people now considered overweight or obese, with a national rate of those deemed overweight or obese of about 11 percent. Similar rates of obesity are seen among younger adults in China, particularly those between the ages of 20 and 39, with the country overall seeing obesity rates at about double what they were just over 30 years ago."


Monday, July 13, 2015

Was the Euro Doomed or Planned to Fail?

Consider the following from theguardian :

"Mundell explained to me that, in fact, the euro is of a piece with Reaganomics:

Monetary discipline forces fiscal discipline on the politicians as well.

And when crises arise, economically disarmed nations have little to do but wipe away government regulations wholesale, privatize state industries en masse, slash taxes (fail) and send the European welfare state down the drain. (up next)'"

What is happening in Greece is according to plan. An old, old plan. Nothing new about these results according to the playbook that these "Eurocrats" are using.

Greece now and next who? In no particular order: France, Spain, Portugal, Ireland, Italy, etc. They will ALL end up in financial ruin, driven there by Germany. Germany may just be driving everyone to war as was done twice in the last hundred or so years.