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Politicians are idiots . . .

3/24/2016

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China keeps buying up American companies, and lawmakers are starting to sound the alarm

. . . blithering idiots.

"China is buying American companies at a record rate this year, and lawmakers are getting increasingly worried about it.

In February, 45 members of Congress signed a letter to the US Treasury Department's Committee on Foreign Investment (CFIUS), stating their concerns about a Chinese-led investor group's bid to buy the Chicago Stock Exchange."

I'm old enough to remember when the Japanese buying spree during the 1980s was considered the horror to end all horrors. If you remember, the Japs came in and bought all kinds of assets like Rockefeller Center. Mon Dieu! Then then the nation essentially went bankrupt, and they sold many of these assets and left. The beauty of this was they bought high. and sold at firesale lows! 


So, exactly why are the American politicians bloomers in a knot over the Chinese coming in and buying American companies for more than any American is willing to pay? Are they afraid of money? Do they think the Chinese will steal our workers? Mon Dieu!!! Only a politician could explain this nonsense. 


What is happening is the Chinese are beginning to realize that China is a Ponzi, and their money is at risk in China. So, they want to take it out, but can't. But China will let them buy foreign assets, and so the wealthy Chinese come to buy assets. Why here? Because we are the only truly safe and stable country on the planet. Europe has socialismed itself into uncompetitiveness with their over-regulation, and bloated welfare state. Japan is dying, with debt to GDP of nearly 250%!!! The international oil patch is in zombie mode. Where would one go to buy valuable assets which will be available in the years and decades to come? America!

They can buy stock, they can buy assets, like corporation, entities, mines, wells, and land. LET THEM! Our businesses will use the money for new productive ventures. That is good for the economy. Why don't our idiot politicians know this?
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China is turning into one huge industrial human meat grinder

3/6/2016

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Death and Despair in China's Rustbelt

I have been pointing to the problems in the Chinese economy for quite a while. Watching it disintegrate, nearly instantaneously, is disturbing. The US underwent a very slow disintegration of our rust belt over many decades. China seems to be undergoing the same problem much more quickly, and the nation is far less wealthy, and capable of handling the decline. 

China has many problems, but it will have to find a solution to this one and quick. If it does not, it could find itself in dire straits. China may have foreign currency today to address this situation, but it seems preoccupied with currency manipulation, this will not achieve the desired effect. 

While many seem to believe an economically destabilized China could destabilize the world, I disagree. It could push the world, or the Asian region into a recession, and I believe it is doing this. I is also creating real problems with commodity suppliers. The fallout from this problems will be serious, and recessionary, but only temporary. The problem in China itself is much more serious, and the way out is unclear. 

One great change is that China is much more integrated today then back in 1989. Any serious crackdown, or aggressive military action to suppress groups within China is likely to be met with wide spread protest, which could quickly slide into revolt. The last thing the CCP needs is for a large and widespread group of the people to openly revolt.

I expect this to create a significant flight to security towards the US dollar, US equities, and US government, and corporate debt. 

Now would be a good time to pray for the Chinese, they are likely to need it.
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