Paul Horne (9 Feb 2011)
"Re:Fay China's Ghost Cities"
I think I know what China is up to.
China has been pressing its people to buy gold and silver rather aggressively. Now think about it. If you have say 2-300 million people who are relatively poor, but have some precious metals and then the price corrects after the next major meltdown you'll have several things happen. One, your country will double its money supply with 0% interest. Two, you will have 2-300 million people all of a sudden go from lower class to middle class overnight. They'll instantly replace the North American consumer market and China will no longer need us to sell things to. They'll then dump the US Treasury notes and then the new middle class Chinese will be able to afford these new homes courtesy of America's demise. Sneaky!!!