TWO PREVIOUS POSTS THAT SAY YOU MUST 'PICK YOUR POISON'
ONE APPLIES TO CHINA'S ECONOMY THE OTHER TO THE U.S.
From Recent Posts:
China's Property & Credit Bubbles:
Pick Your Poison On Its Bursting
Economist Andy Xie* highlights the growing bubbles in China's property & credit .. explains that bursting of the property bubble is a necessary step in China's economic restructuring .. "A bubble bursting and economic restructuring are two sides of the same coin. Without one, the other is not possible." .. Xie says the bubble will end in one of two bad ways - devaluation or deflation: "The prospect of the Federal Reserve ending QE could put liquidity pressure on China's financial system, leading to the first scenario. The declining ability of the shadow banking system to create credit could lead to the second scenario .. The will to end the bubble seems absent. Only market forces will bring it to the end. Dark clouds are emerging on both the liquidity and credit creation fronts. It appears that China's property bubble is likely to sink big in 2014."
LINK HERE to the essay From Older Archives:
America: Choose Your Poison
Monetary Cliff or Fiscal Cliff
Zero Hedge features the thoughts of fund manager Barton Biggs .. Biggs sees America rushing straight toward either a monetary cliff of runaway money printing or a fiscal cliff of runaway debt & draconian austerity, take your pick: "Although the monetary cliff is more long-term dangerous, the proximity of the fiscal cliff, if not dealt with, will trigger the dreaded double-dip recession we are all terrified of and bring on another financial crisis." .. Biggs sees America as a nation of "totally self-centered special interest groups that terrorize our politicians" .. worries about the tolerance of the stock & bond markets to debt challenges - "make no mistake; the vigilantes are international, cold-blooded and very powerful, and they are like wolves attacking a weak and wounded buffalo."
[Cliff Comment: America is under siege by lobbyists, lawyers, and by the most powerful special interest group in history .. the Federal Reserve. They all seek personal self interest at the expense of the great silent majority. The best way to take from everyone without being seen as stealing? .. Debauch The Currency! The system functioned better when there was free market capitalism, not after there was a central controller of the money .. a partnership deal given by the government to a small group of banks .. so they could control the money. Thomas Jefferson, Andrew Jackson & the founders of America tried to steer us away from today's system.]
LINK HERE to the article 
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