[quote=AN][quote=The-Shoveler]Really I think If you have not been to China in the last few years to see it for yourself, you really don’t fully grasp it.[/quote]
You’re right, I haven’t been to China or India. I was just stating the population fact. Are you saying they’re not going to grow and increase energy consumption? Please educate me, since you’ve been to China recently. Are they in a huge bubble and their economy will crash and burn?[/quote]
What I was saying is you are correct, in that our efforts at limiting climate change are ridiculously funny when you see the growth that is occurring in china that will simply just bury anything that we can accomplish in this regard.
Will their economy crash and burn, hard to say, I do know they know how to print and spend money and that their real inflation is probably close to 10-15%, retiree’s used to get about 3-400 yuan a few years ago now get 3-4000 yuan a month. And public infrastructure spending is through the roof !!
We know how to print money, we just don’t know how to increases wage inflation, if we did our housing bubble would not have crashed just like theirs is not crashing.
