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Wave Of Violent Protests, Rioting, Bombings Hits China; Expect More Riots When China's Credit Bubble Pops, Exposing Mountains Of Fraud

Thursday, June 16, 2011 - 9:47 PM
http://globaleconomicanalysis.blogspot.com/2011/06/wave-of-violent-protests-rioting.html
Fraud and credit bubbles go hand-in-hand.

When things are booming, everyone is willing to look away. That's what happened with the US housing bubble as well. Greenspan then Bernanke were both in denial, as was the NAR, real estate flippers, and everyone who stood to profit from the bubble on the long side.

China is currently in the midst of an enormous property bubble and credit bubble, yet some serious cases of fraud have already popped up.

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MikeMike327 posts since
Feb 22, 2010
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