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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.

Friday, October 14, 2011

China is imploding

As I have posted before, China's near term over-extension of credit makes them NOT the saviour of the world economy.  Building cities that no one lives in does not lead to a solid foundation for an economy.

I have featured Jim Chanos before.  He is back in the news, some good clips to watch.

At the end, Jim throws down the true issue, are we a fair, capitalist system or a broken financial system that rewards the money risk takers and punishes the average person.  Jim, its the latter.

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