Author Topic: What can a financial crisis lead to  (Read 238 times)

Mackin USA

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What can a financial crisis lead to
« on: October 10, 2018, 11:45:47 AM »
It starts with people living beyond their means and taking on debt..
Mr. Mackin

ergophobe

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Re: What can a financial crisis lead to
« Reply #1 on: October 10, 2018, 04:42:23 PM »
>> You Are Here

!!!

Same with water wars. Many people don't realize they are already happening (Syria, Yemen) and will expand. That's okay, though, I have a 2000 gallon tank and creek not to far from the house ;-)

littleman

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Re: What can a financial crisis lead to
« Reply #2 on: October 10, 2018, 08:30:57 PM »
I don't think a hot war is very likely with China over trade -- way to many billionaires on both sides would lose there lunch if that would happen.

Water, on the other hand is a ticking time bomb with global warming.  Almost every major river in Asia is fed by water from the Himalayas.

Mackin USA

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Re: What can a financial crisis lead to
« Reply #3 on: October 11, 2018, 09:30:55 AM »
As much as oil shaped the global geopolitics of the 20th century, water has the power to reorder international relations in the current century.

https://nationalinterest.org/feature/water-wars-the-next-great-driver-global-conflict-13842
Mr. Mackin

aaron

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Re: What can a financial crisis lead to
« Reply #4 on: October 11, 2018, 08:55:26 PM »
On a positive note, Chinese trademark infringement globally is causing blowback against their home-grown brands, so they are starting to respect IP ever so slightly

https://www.economist.com/business/2018/10/06/china-grapples-with-trademark-infringement-of-its-own-brands
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"The cartoon character’s British owners said last month that more than 100 Chinese firms have put in applications for Peppa Pig trademarks, some made years ago, thus in effect blocking its own. ... Trademark offices approach complaints from Chinese brands with an attitude shaped by the relentless squatting by Chinese trolls on European ones"

a government which has no elections must keep up economic growth more so than one which has regular elections. in China they have a word for violently storming the sales office of condo pushers who lower prices for other new buyers: fangnao
https://www.scmp.com/news/china/society/article/2168025/public-anger-china-spreading-property-prices-drop
Quote
China’s property market has soared since the 2000s, making home ownership the quickest way to gain wealth. In Beijing, homes that went for an average of around 4,000 yuan (US$580) per square metre in 2003 are now above 60,000 yuan (US$8,600) a square metre, according to property price data provider creprice.cn." ... "Zhang Dawei, chief analyst at Centaline Property, warned that not only were the overall sales dropping, but poor construction quality could also be a cause for more violence. “Try not to buy homes built in 2018, because while the developers were short of money, the same is the case with contractors,” he said.
15-fold increase in 15 years. I think Jim Chanos mentioned that about 3% of global GDP goes toward Chinese residential real estate speculation (buying beyond the amount to satisfy supply & demand shifts outside of Bitcoin-styled hodl investments in Chinese condos that are state-of-the-art Dogecoin build quality).
https://www.youtube.com/watch?v=XopSDJq6w8E
https://www.youtube.com/watch?v=_lAoTBVTTO8
https://www.youtube.com/watch?v=ENLIGHXbGfE