Economia
The government spent 15% of GDP largely on public works projects in inland regions, financed with loans from the state-owned banks. Investment as a share of GDP soared to 48.5% in 2010, and the M2 measure of money supply ballooned to 140% that of the U.S.
Now comes the hangover. The public works projects are winding down, unleashing a wave of unemployment and an uptick in social unrest. The banks' nonperforming loans are rising, and local governments are insolvent. The country is littered with luxurious county government offices, ghost cities of empty apartment blocks, unsafe high-speed rail lines and crumbling highways to nowhere...
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- Anais Da Idiocracia: Bancos Centrais Assassinos!
Olha essa pérola, de um tal Subhendu Das da Califórnia: Central Bank – the Root Cause of Poverty, Tax, and Deficit (link) In each country the central bank is a privately owned bank with no transparency and accountability to the government of that...
- Dívida Pública - Mapa Global Interativa Da Dívida Dos Países
World debt comparison The global debt clock Our interactive overview of government debt across the planet The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is...
- O Relógio Da Dívida
World debt comparison The global debt clock Our interactive overview of government debt across the planet The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar...
- Bancos E Governos
Phillip Bagus explica: "... Today's banks are not free-market institutions. They live in a symbiosis with governments that they are financing. The banks' survival depends on privileges and government interventions. Such an intervention explains...
- O Fim Da Bolha Dos Brics Está Chegando
BRIC Banks Signaling Credit Risks as Loans Sour By Michael Patterson - Jul 31, 2011 8:00 PM GMT-0300Sun Jul 31 23:00:00 GMT 2011 Banks in the biggest emerging markets are losing the confidence of investors as loans...
Economia
Economia chinesa em frente de um pouso duro
China's Hard Landing
The state-led growth model is leading the country into trouble.
"... China is a poster child for the Austrian school of economics' theory of the business cycle. After undertaking the biggest stimulus program the world has ever seen in response to the global financial crisis, the country is drowning in unproductive investments financed with credit.The government spent 15% of GDP largely on public works projects in inland regions, financed with loans from the state-owned banks. Investment as a share of GDP soared to 48.5% in 2010, and the M2 measure of money supply ballooned to 140% that of the U.S.
Now comes the hangover. The public works projects are winding down, unleashing a wave of unemployment and an uptick in social unrest. The banks' nonperforming loans are rising, and local governments are insolvent. The country is littered with luxurious county government offices, ghost cities of empty apartment blocks, unsafe high-speed rail lines and crumbling highways to nowhere...
Mais
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- Anais Da Idiocracia: Bancos Centrais Assassinos!
Olha essa pérola, de um tal Subhendu Das da Califórnia: Central Bank – the Root Cause of Poverty, Tax, and Deficit (link) In each country the central bank is a privately owned bank with no transparency and accountability to the government of that...
- Dívida Pública - Mapa Global Interativa Da Dívida Dos Países
World debt comparison The global debt clock Our interactive overview of government debt across the planet The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is...
- O Relógio Da Dívida
World debt comparison The global debt clock Our interactive overview of government debt across the planet The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar...
- Bancos E Governos
Phillip Bagus explica: "... Today's banks are not free-market institutions. They live in a symbiosis with governments that they are financing. The banks' survival depends on privileges and government interventions. Such an intervention explains...
- O Fim Da Bolha Dos Brics Está Chegando
BRIC Banks Signaling Credit Risks as Loans Sour By Michael Patterson - Jul 31, 2011 8:00 PM GMT-0300Sun Jul 31 23:00:00 GMT 2011 Banks in the biggest emerging markets are losing the confidence of investors as loans...