Aired on the Doomstead Diner on March 28, 2015
Discuss this Rant at the Podcast Table inside the Diner
…As the monetary system shows ever more signs of instability every day, there are still plenty of “China Bulls” out there, although these days they seem to be more of the Geopolitical persuasion than the Economic one. Today’s China Bulls are folks like Pepe Escobar, Dmitry Orlov and The Saker, and they talk about/promote the idea there will be a great new Eurasian Empire formed up by integration of the Chinese and Ruskie economies along a “New Silk Road and mega projects like a High Speed Rail line between Beijing and Moscow will be built.
These folks appear to be a bit behind the curve though, because while they are talking about mega investments in another form of technological futures, the OLD BEARS like Jim Rogers are RUNNING FOR THE HILLS! Capital can’t fly fast enough out from the hills of emerging economies, and this isn’t just the Ruskies and Chinese, but the Brazilians, Indians, Pakistanis, South Koreans…etc, NONE of these places are too popular anymore for getting lots of Funny Money support. How can you tell? Simple, just look at the FOREX market, every last one of these currencies is depreciating in value, in many cases rther rapidly nearly at the scale of hyperinflation. There are some dimwits still chasing yield in these markets, but anyone with any CFS knows it’s time to GTFO of Dodge!…
For the rest, LISTEN TO THE RANT!!!