Monday, July 6, 2009

China May Implode - With The Rest Of The World

CNN - Over 140 killed in ethnic unrest in China "The violence reportedly happened at a toy factory in Guangdong province, where many migrants, including Uyghurs, have moved in search of work. A massive brawl reportedly broke out between workers of Uyghur and Han nationalities. Two Uyghurs reportedly died." and "Dilxat Raxit added that tens of thousands of demonstrators had gathered in every Uyghur neighborhood in Urumqi to protest peacefully against what he described as the government's ethnic cleansing in Guangdong's Shaoguan City."

Folks, it is not as rosy in China as you are being led to believe. It is quite amazing that this report got out of the country with the accompanying video. I am sure you all know about the internet censorship in China.

China is on board for a major implosion IMHO. China has lost roughly 20mm jobs already. China's Peasants Abandon Cities as 20 Million Jobs Disappear. If we are lying about our jobs numbers, lord knows what China's true job losses are.

In A World of Trouble, the sequel you get a 20 coun try rundown of all the issues facing them. This is a very eye opening report that you should read.

It is ugly out there and on the verge of getting worse. I'm not sure how this financial meltdown will end, but IMO we've got a lot more ugliness to get thru before the end can arrive. The signs are there and the unrest is brewing. People are pissed off and it is only a matter of time before something really bad happens.

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