This is an incredibly insightful analysis of the Chinese economic “miracle” by Jim Chanos, the renowned hedge fund manager. It’s a long one, so you might have to watch it in several sittings. The level of meaningless construction spending and investment Mr. Chanos describes is mind-boggling and scary. At 28:50, he talks about there being 2.6 billion square [...]
Posts Tagged ‘Inflation’
Jim Chanos on China: Is Chinese Economic Growth Really Just a Massive Fraud?
Posted in Current Events, Economy, Foreign Affairs, Politics, tagged China, Chinese Economy, Economic Growth, Inflation, Jim Chanos on December 9, 2010 | 24 Comments »
How to Profit from America’s Bad Decisions
Posted in Domestic Affairs, Economy, tagged Ben Bernanke, Deflation, Inflation, Investment on September 28, 2010 | 37 Comments »
BECKLEY— Deflation or inflation? First, let’s discuss deflation. Simply put deflation is a lie. Ben Bernanke and most modern economists realize it is a lie. Why is deflation a lie? Simply because in modern economic systems currency has no real value. So, if deflation comes along, which is to0 many goods with too few dollars, [...]
Checkin’ in on Chavez: The State of the Venezuelan Economy in 2010
Posted in Current Events, Economy, Foreign Affairs, Politics, tagged 2010, Hugo Chavez, Inflation, Latin America, Venezuala, Venezuelan Economy on September 2, 2010 | 3 Comments »
You’ve declared an economic war against me, so I accept your challenge, stateless bourgeoisie. I’m declaring an economic war with the help of the people and workers. War is war, my friend. Don’t complain to me later.” —Hugo Chavez to Lorenzo Mendoza, President of Empresas Polar SA (a food distributor), June 2010. ATLANTA— I decided [...]
China Dumps Billions in U.S. Debt: Is This the Start?
Posted in Current Events, Domestic Affairs, Economy, Politics, tagged China, Deflation, Dollar Meltdown, Fed, Freedom, Inflation, Investing, T-bills, Treasuries on February 18, 2010 | 1 Comment »
BECKLEY – For those of you in U.S. Treasuries prepare for the pinch. China has dumped $34 billion in U.S. T-bills on the market! Why?
By 2012, the Venezuelan Economy is Going to COLLAPSE…
Posted in Economy, Foreign Affairs, Politics, tagged Collapse, Communism, Electricity Shortages, Hugo Chavez, Inflation, Leftists, Revolution, Venezuela on January 19, 2010 | 17 Comments »
ATLANTA- My bold prediction for today is that we will witness the collapse of Venezuelan economy within the next two years, spurred primarily by a crippling hyperinflation and foreign exchange crisis. My prediction here is predicated on my belief that anyone who bases their entire economic philosophy on a contempt for the wealthy, [...]
U.S. Economy – Inflation, Debt and Spending
Posted in Current Events, Domestic Affairs, Economy, Health Care Reform, Politics, tagged debt, Economics, Freedom, government, Inflation, Obama, Obamanomics, Politics, spending on December 15, 2009 | 4 Comments »
BECKLEY— Today’s news is telling – inflation, debt & spending!