“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Tuesday 25 March 2014

1929 AGAIN?

Ever watch PBS documentary on the Great Depression and the 1929 Crash?  If you haven't, here it is. 



So Why am I showing this?  Before the USA became the power we know today the hand off came from the United Kingdom.  Today we see the USA handing the torch the China as the new economy Super Power.  It seems China is now going through the same cycles that lead to the great depression.  High property values, and new generational wealth.  Now we see that China is cracking under pressure and companies are defaulting and credit expansion with no limit and no regulation has probably caused and accelerated this.  This did not stop the bank runs from happening for the USA and today the Chinese are just as scared and concerned about their wellbeing.  The Chinese economy is showing signs of deceleration and looks to me like its about to have a hard landing. 

Just watch the video above and instead of the USA think of it as CHINA and then read the link provided below taken from Zero Hedge.

What A Bank Run In China Looks Like

I have said before.  I do believe that the trigger will come from China.  Whether I am right remains to be determined.  Of course, the USA was pulled out of this depression because of war that occurred years after.  We are now seeing tensions between world powers throwing sanctions at Russia and vice versa...  People rising up and protesting around the world only increases sentiments never seen since the early 1900s.

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