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  1. #21

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    Quote Originally Posted by Tantive View Post
    Markets tend to warp, when someone is trying to force it do something
    Is that someone exclusively a government actor or do the warp when firms or entrepreneurs or even consumers try to force them to do something? Not of great service if they break any time someone tries to get them to operate?

  2. #22
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    Government actors, or firms those that have special priveledges granted by a government.
    You have to understand that money is half of every transaction, so if you are messing with the money supply, you are messing with how the entire market operates. Now in regards to China, it basicly had the yuan pegged to the dollar...and when Americans accuse China of manipulating the currency, it basicly means the US dollar is being devalued so rapidly, China tries to keep up. Especially since they slowed down in buying government bonds, so now the Fed is doing the majority of the buying. China also kept the interest rates artificially low, and expanded it's credit way too much. It had it's own easing measures. But the continiued devaluation of the yuan however led to trouble, and the Chinese government decided to start raising interest rates bit by bit. They're recognising that theyre in a bubble and try to slow down.
    China isn't immune to US monitary policy, in fact most currencies that hold the dollar as a reserve had simular effects when it came to housing. US dollar used to be as good as gold, thats why there was trust in it.
    Holding cash is only a way to loose your wealth, so you see people putting their money in other places like gold and equities and commodities and bonds. But in inflationary periods, you are much better off in equity then bonds.

    I like watching Marc Faber, especially when it comes to the Asian markets, or Jim Rogers.
    http://www.youtube.com/watch?v=NgFhYwY9zdM

  3. #23
    Crazy Diamond Billy's Avatar
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    I spent the summer of 2005 in Chendgu, Szechuan Province and I didnt see any empty cities, I did drive through a couple of these massive cityscapes they were building from the ground up and one was empty, but it was also unfinished with no running water... so perhaps that plays into this as well? In Chengdu though the city was absolutely CRAWLING with human beings, and I have been through NYC around Xmas time including to see the Tree and that was arm to arm people even then I only had to run a few blocks to get out of the crowd, not in Chengdu... No matter where I was the place was packed, all the time. 24/7.
    Ground control to Major Tom

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    I lived in China for two years in the 90's. You were always had the sense somebody was looking from behind your shoulder, and asking you what you were doing. Things definatly have changed in the last 2 decades.

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    Senior Member Mal12345's Avatar
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    Quote Originally Posted by Tantive View Post
    I lived in China for two years in the 90's. You were always had the sense somebody was looking from behind your shoulder, and asking you what you were doing. Things definatly have changed in the last 2 decades.
    Yes, a Communist society is a society of snitches.
    "Everyone has a plan till they get punched in the mouth." Mike Tyson
    “Culture?” says Paul McCartney. “This isn't culture. It's just a good laugh.”

  6. #26
    The Eighth Colour Octarine's Avatar
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    Quote Originally Posted by Lark View Post
    I dont know of any shopping malls but I do know of many ghost towns in the Republic of Ireland...
    I'm not sure if I have given my views on this before (on the forum), but the economic troubles in Ireland and certain other European countries have much to do with the failure of the Euro experiment.
    The fact is that Ireland is not part of an "optimum currency area" with France and Germany. The problem is that the economies are not tightly correlated and since Ireland is much smaller than those countries, the monetary policy is dominated by economic activity in those countries. The result was that inflation (land price inflation especially) was out of control in Ireland.

    So the issue of scale of policy comes into it once again.

    In terms of China, not all regions are or should be developing at the same rate, but if the government sets one size fits all policies with regards to growth and banking policy, then you can see how the scale issue comes into it.

    Quote Originally Posted by Billy View Post
    I spent the summer of 2005 in Chendgu, Szechuan Province and I didnt see any empty cities, I did drive through a couple of these massive cityscapes they were building from the ground up and one was empty, but it was also unfinished with no running water...
    Well construction of has been going on at an unprecedented rate since then.



    In the big cities, I would be referring to the occupancy rates of the new high priced housing that has been constructed.

    There is discussion about Chengdu's current housing market here:
    http://www.chengduliving.com/forum/t...tional-chengdu


    Quote Originally Posted by Tantive View Post
    I lived in China for two years in the 90's. You were always had the sense somebody was looking from behind your shoulder, and asking you what you were doing. Things defiantly have changed in the last 2 decades.
    I'm probably stating the obvious, but there is still a difference between snitching because someone is not following the rules and an effective system of informational feedback.

  7. #27
    Senior Member Mal12345's Avatar
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    Quote Originally Posted by Catbert View Post

    I'm probably stating the obvious, but there is still a difference between snitching because someone is not following the rules and an effective system of informational feedback.
    The snitching is just a way of making sure everybody in the society is on the same page. There must be unity at all times, no dissent is allowed, either in words or in behaviors. No dissent in thought is also preferred. Communist society strictly and absolutely disallows differences of opinion. There are no dichotomies in a materialistic world-view, therefore there must be no dichotomies in the perfect society. Have you ever studied dialectical logic? Marxism?
    "Everyone has a plan till they get punched in the mouth." Mike Tyson
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  8. #28
    Senior Member Mal12345's Avatar
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    Quote Originally Posted by Catbert View Post
    Well construction of has been going on at an unprecedented rate since then.



    In the big cities, I would be referring to the occupancy rates of the new high priced housing that has been constructed.

    There is discussion about Chengdu's current housing market here:
    http://www.chengduliving.com/forum/t...tional-chengdu
    The Chinese government is simply trying to maintain a high GDP. But this GDP is based on the creation of an artificial housing bubble. That's how socialism "works." In the 1930s Depression unemployment was "solved" by giving people government jobs cutting roads through forests, even where roads served no purpose. What brought the US out of depression was WWII and the war economy.
    "Everyone has a plan till they get punched in the mouth." Mike Tyson
    “Culture?” says Paul McCartney. “This isn't culture. It's just a good laugh.”

  9. #29
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    Quote Originally Posted by mal12345 View Post
    The snitching is just a way of making sure everybody in the society is on the same page. There must be unity at all times, no dissent is allowed, either in words or in behaviors. No dissent in thought is also preferred. Communist society strictly and absolutely disallows differences of opinion. There are no dichotomies in a materialistic world-view, therefore there must be no dichotomies in the perfect society. Have you ever studied dialectical logic? Marxism?
    There is a big difference between ideology and practise. How can there be unity when there are severe barriers against people expressing themselves?

    Anyway, that said, I haven't studied the Chinese form of Marxism.

  10. #30
    Senior Member Mal12345's Avatar
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    Quote Originally Posted by Catbert View Post
    There is a big difference between ideology and practise. How can there be unity when there are severe barriers against people expressing themselves?

    Anyway, that said, I haven't studied the Chinese form of Marxism.
    You don't understand, then. There is not supposed to be any difference between theory and practice. The system (such as the built-in social snitching mechanism) is designed to obliterate this distinction. Was Karl Marx therefore declaring omniscience? Of course. But that would include any Chinese leaders who studied these ideas in university, and yes they are well-versed in Marxist political strategy. You can see it at work in any culture today, wherever there are radicals trying to take control.
    "Everyone has a plan till they get punched in the mouth." Mike Tyson
    “Culture?” says Paul McCartney. “This isn't culture. It's just a good laugh.”

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