Inflationary Holocaust - Jim Rogers

Generali

HelpWhereIcan wrote: »

I remember reading somewhere that the Chinese save more and are less indebted than anyone.

Could not find th actual document but a quick google found



http://mises.org/story/3293#_edn8

Their GDP was tiny though. Even if they were saving 30% of income, incomes were tiny for a long time.

StevieJ

HelpWhereIcan wrote: »

I remember reading somewhere that the Chinese save more and are less indebted than anyone.

Could not find th actual document but a quick google found



http://mises.org/story/3293#_edn8

I always thought that they were heavy gamblers, not conducive to saving I would have thought

leveller2911

I can't believe there are people on here argueing about a word, !!!!!! grow up.

Like a load of b i t c h ing school children.

as for posters saying "it reminds me of millions of jews etc" thats your thought its not all of ours.

MrFonzerelli

Generali wrote: »

Yeah the One Child policy is sitting there silently creating a generation of 4 grandparents trying to live off a couple who are trying to raise their own child. It is a disaster waiting to happen.

I think it was brought in in 1979. So almost all the parents will be 65, 45 years after that which is <counts fingers and toes>2024</counts fingers and toes>.

I don't know much about Chinese pension schemes but I doubt the state put much away from the production of the collectivised peasantry for future years.

It might make an interesting sweepstake. How many years after 2024 will the wheels fall off the Chinese economy?

If grandparents are in decent health they can still work and benefit the economy.

It could be argued that economies are built from the bottom up (food, resources e.t.c.), not top down (number of people).

ramellous1

leveller2911 wrote: »

I can't believe there are people on here argueing about a word, !!!!!! grow up.

Like a load of b i t c h ing school children.

Hey, go and play round your own street..:p