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<p>[QUOTE=&quot;Silvercoin29, post: 1289577, member: 33858&quot;]Inflation Likely: Bullish For Gold And Silver</p><p><br /></p><p>Nevertheless, it seems that the crisis in Europe have drawn attention away from what&#039;s happening in China. China is the 800 pound gorilla in the room that almost no one is talking about. China appears to be experiencing a typical Austrian economic boom-bust cycle, fueled by credit growth, and with the boom phase nearing its end. The degree of mal-investment is unprecedented, and it far exceeds the dislocation of capital that brought on the 2008 housing collapse. The most noticeable signs of mal-investments are newly built cities with almost no inhabitants and giant new malls with almost no tenants. However, the problem runs much deeper than unoccupied buildings. The root of the problem is that the banking industry is totally devoted to serving the State, and as a consequence, a lot of bank lending is done with complete disregard for economics.</p><p><br /></p><p><a href="http://seekingalpha.com/article/302602-inflation-likely-bullish-for-gold-and-silver" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://seekingalpha.com/article/302602-inflation-likely-bullish-for-gold-and-silver" rel="nofollow">http://seekingalpha.com/article/302602-inflation-likely-bullish-for-gold-and-silver</a></p><p><br /></p><p>Credit tightening threatens China&#039;s &#039;giant Ponzi scheme&#039;</p><p><br /></p><p><a href="http://www.telegraph.co.uk/finance/financialcrisis/6011674/Credit-tightening-threatens-Chinas-giant-Ponzi-scheme.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.telegraph.co.uk/finance/financialcrisis/6011674/Credit-tightening-threatens-Chinas-giant-Ponzi-scheme.html" rel="nofollow">http://www.telegraph.co.uk/finance/financialcrisis/6011674/Credit-tightening-threatens-Chinas-giant-Ponzi-scheme.html</a></p><p><br /></p><p>Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky and the Wall Street Journal all say that the U.S. economy is a giant Ponzi scheme.</p><p><br /></p><p>Virtually all independent economists and financial experts say that rampant fraud was largely responsible for the financial crisis. </p><p><br /></p><p><a href="http://www.globalresearch.ca/index.php?context=viewArticle&amp;code=WAS20101214&amp;articleId=22395" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.globalresearch.ca/index.php?context=viewArticle&amp;code=WAS20101214&amp;articleId=22395" rel="nofollow">http://www.globalresearch.ca/index.php?context=viewArticle&amp;code=WAS20101214&amp;articleId=22395</a>[/QUOTE]</p><p><br /></p>

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