How China will destroy your retirement
Below is an article by an American and spreading with the help of unthinking Singaporeans to show how bad China is. The fact is that our retirement has been destroyed by America in their subprime fiasco and the financial crisis they have created. Now they are pointing the finger at China. For goodness sake, stupid Asians and Singaporeans. Think, use your little numbskull before they expired. How China will destroy your retirement The Shanghai index just laid a horrible egg. Wall Street fainted and investors world-wide took to the hills. How could this happen? 1. Loan growth at China’s central bank fell by 80% in the last 30 days. 2. After a spate of frantic buying this spring, China has stopped stockpiling raw materials, which it bought for pennies on the dollar. The Baltic Dry Index has plunged 25% since late July. 3. The massive amounts of cash that Beijing has pumped into its economy has not been properly absorbed. It has hemorrhaged into speculation. That’s why, although profits for China companies are DOWN by 30%, the Shanghai index is UP 80%. Can you spell BUBBLE? 4. It’s not just stocks, either. The most expensive housing in the world is now in China. Yes, that is correct. The ratio of property prices to income is now SEVEN TIMES HIGHER in China than in the U.S. It looks like the Japanese land bubble in the ’80s, but with one billion people involved this time around. Can you spell CRASH? 5. On October 1, the China Communist Party holds the 60th anniversary of Mao’s Long March. Expect Beijing to Band Aid this Ponzi scheme together until October. But, as the last few days have shown, the lie cannot last much longer. WE HAVE 30 DAYS—TOPS. Urgent You Act I’m Dick Young and I am convinced that China’s Ponzi Scheme will not work for much longer. And when it crashes to the ground after October 1, look out, because Wall Street goes with it. Don’t bother looking for your retirement plans in the rubble. They’ll be pulverized. It does not have to be this way. Indeed, my subscribers have a different plan. We will be very busy over the next 30 days, but it is work that will set us up for life.