Posted On: 02/19/2016 12:22:49 AM
Post# of 65629
That is long term Debt...
Problem is if market goes down. Credit gets tightened. Growth stops. Then real estate value does down. China has a real estate bubble waiting to pop. If they only have 1% of their known Gold in reserve. They have a market, currency and real- estate Armageddon on their hands. That will effect the US. However it won't be on the US tax payers backs again. Big business is trying to keep there cheap labor going, by putting it on US tax payer backs. China economy fails the country and region will fall into civil unrest.
Why should the US prop up BS anymore?
Problem is if market goes down. Credit gets tightened. Growth stops. Then real estate value does down. China has a real estate bubble waiting to pop. If they only have 1% of their known Gold in reserve. They have a market, currency and real- estate Armageddon on their hands. That will effect the US. However it won't be on the US tax payers backs again. Big business is trying to keep there cheap labor going, by putting it on US tax payer backs. China economy fails the country and region will fall into civil unrest.
Why should the US prop up BS anymore?
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I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...everything I say is of my opinion. I'm not a good place to get investment advise...
