it's a bubble...... in a few years, they'll be crashing, that's why they're loading up on military forces
The Amazing Ghost Cities Of China
- Thread starter hellblazer
- Start date
I've heard about these cities in China where they build the entire city first, then just go tell a bunch of people in a bunch of villages that their village no longer exists, but if they would like they can have a great apartment in city X.
Likely? My god man the USD wouldn't be worth the paper it is printed on, you might as well just wipe your ass with it if the Chinese ever dumped their US dollar holdings onto the market.
Err, only after the mother of all depressions that would completely fuck over a generation. The USA doesn't know how to make anything anymore, all the manufacturing jobs went offshore long ago.
Soft landings only exist in IMF spreadsheets and have never been spotted in the real world. If or when it happens it won't be pretty.
Food for thought: The next great war won't be fought on a battlefield but through the financial system. Why go kill a bunch of people and get your hands dirty when you can cripple their country through the financial markets.
The Chinese plan on timescales that us Westerners just can't fathom. They have 50 and 100 year plans for where they want to be. Most Western countries can't do anything that takes more than a couple of years, cause that's about all the time our politicians have before they have to start worrying about appeasing the masses again so they can get re-elected.
Likely? My god man the USD wouldn't be worth the paper it is printed on, you might as well just wipe your ass with it if the Chinese ever dumped their US dollar holdings onto the market.
Ulixes said:
Err, only after the mother of all depressions that would completely fuck over a generation. The USA doesn't know how to make anything anymore, all the manufacturing jobs went offshore long ago.
Soft landings only exist in IMF spreadsheets and have never been spotted in the real world. If or when it happens it won't be pretty.
Food for thought: The next great war won't be fought on a battlefield but through the financial system. Why go kill a bunch of people and get your hands dirty when you can cripple their country through the financial markets.
The Chinese plan on timescales that us Westerners just can't fathom. They have 50 and 100 year plans for where they want to be. Most Western countries can't do anything that takes more than a couple of years, cause that's about all the time our politicians have before they have to start worrying about appeasing the masses again so they can get re-elected.
The Chinese real estate bubble is similar to the US bubble, just a lot more dramatic. There are plenty of ghost towns in the US.
A typical 2 income family in China doesn't have many investment opportunities that can keep ahead of inflation (low interest savings and a no foreign-investment-fund stock market). Real estate is/was the best option by far as investors don't think the gov. will let the bubble burst.
They usually don't rent the properties out because it will reduce the resale value and it's relatively cheap to shoulder a maintenance fee.
@blog8491 - we use our creativity to make time wasting, mind numbing techno-crap, they are using theirs to make the worlds fastest computers. What will be more important in 10 years.
A typical 2 income family in China doesn't have many investment opportunities that can keep ahead of inflation (low interest savings and a no foreign-investment-fund stock market). Real estate is/was the best option by far as investors don't think the gov. will let the bubble burst.
They usually don't rent the properties out because it will reduce the resale value and it's relatively cheap to shoulder a maintenance fee.
@blog8491 - we use our creativity to make time wasting, mind numbing techno-crap, they are using theirs to make the worlds fastest computers. What will be more important in 10 years.
I just read an article about this in a business magazine last week. A large hedge fund mogul believes China is heading down an unsustainable road that will crash.
Much of those developments are owned outright. They aren't leveraged and the owners see them as safe, long term investments.
Much of those developments are owned outright. They aren't leveraged and the owners see them as safe, long term investments.
^^^This.
The sad thing is that the American voter has even less of an attention span than the american politician.
Within 50 years the US will be known as among the poorest of countries in the world with the least educated populace, incapable of doing anything smart at all for their own good.
Anyone see Idiocracy? It will be like that here but not in China.
China's military is laughable at best.
Just one of the US's nuclear submarines has the capability to destroy the vast majority of ASIA. Never mind just the relatively small area that houses 90% of China's wealth.
Financially the US has no hope, but their military is unmatched and won't have any serious contenders till the later half of this century.
Just one of the US's nuclear submarines has the capability to destroy the vast majority of ASIA. Never mind just the relatively small area that houses 90% of China's wealth.
Financially the US has no hope, but their military is unmatched and won't have any serious contenders till the later half of this century.
These empty cities were perhaps built for "future" citizens of cities that will not be inhabitable due to war?
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When North Korea’s threats become reality
Asia Times Online :: Korea News and Korean Business and Economy, Pyongyang News
China's military is laughable at best.
Just one of the US's nuclear submarines has the capability to destroy the vast majority of ASIA. Never mind just the relatively small area that houses 90% of China's wealth.
Financially the US has no hope, but their military is unmatched and won't have any serious contenders till the later half of this century.
If you think that graph is a true representation, you're dead wrong. People have estimated China's true military budget at 3 or 4 times what they say. Not to mention it's not necessarily how much they spend, but what they're spending it on: satellite killers and aircraft-killing diesel submarines.
Our budget doesn't mean shit if they destroy our carriers with subs we can't hear and kill our all-seeing satellites. Suddenly we can't defend Taiwan for shit and we can't see shit with out sats. And that's not even taking into account the damage they could do with their huge cyber-army or a possible financial attack.
[ame=http://www.youtube.com/watch?v=emzKAa9rKgU]YouTube - The world's largest shopping mall, in Guangzhou, China[/ame]
Thought you might find this interesting (true or not) since you're on the topic of chinese vs us military satellites:
http://www.thestealthblimp.com/
...personally I find it pretty feasible, and would explain a lot of the BS surrounding UFO's for the last 20-some-odd years. Bill Clinton said it best when he explained "there's a government within the government". A lot of this shit is so classified that even the president doesnt know about it.
Then you'll LOVE this one...
try going back to page one - read through to understand what China has been doing. Its a long read but you'll "get it".
PANDEMIC FLU INFORMATION FORUM :: View topic - MEME: China is risky
If I were Chinese I'd be so offended by these latest links popping up in here... You guys are basically giving props to the concept that Chinese Government is planning to wipe out the USA this century with bio-weapons and then invade us, killing the rest with guns, and then taking our land to use as their own. (!)
Sounds a bit like accusing China of being far worse than Hitler. Fear-monger much?
What I find Ironic is that this thread is about EMPTY cities, yet these hate links you've posted are talking about how China will invade the US because their land can't be sustained due to the overflowing population...
Can't have it both ways, racists.
Sounds a bit like accusing China of being far worse than Hitler. Fear-monger much?
What I find Ironic is that this thread is about EMPTY cities, yet these hate links you've posted are talking about how China will invade the US because their land can't be sustained due to the overflowing population...
Can't have it both ways, racists.