China – 10.02.15

A close look at how and why China is falling apart. Absurd restrictions on stock market activity and commentary! China is not new to wacky plans driven by top-down authoritarianism a la Mao. Remember the sparrows scandal? Jefferson was already criticizing debt in 1816! What will happen this time? Default? Confiscation? Capital controls? All the warnings are there. A quick overview of what happened in other countries. The Echo Housing Bubble is now rolling over and popping. We face a repeat of 2006… but much worse. And there won’t be a third chance to get out. Let’s compare Volkswagen with Fannie Mae, shall we? Prepare for a nasty surprise…