Tuesday, 16 November 2010

China will implode

It seems quite obvious that the Chinese economy will implode in the near future due to a huge property bubble. This implosion will later be followed by the collapse of the present, corrupt one party system.

NNoN believes that James Chanos is right:

The builder of one of the largest fortunes on Wall Street is warning that China's economy is heading for a crash rather than sustained growth as most economists predict.
Superstar short-seller James Chanos is betting that China's economy, now the envy of the world will soon crash, and badly at that.
Chanos built his fortune on his ability to see the future collapse of companies whose stories were too good to be true, such as Enron.


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