China’s Empty City
China’s GDP rose by 8.4% in 2009, very impressive especially considering the rest of the world was in the financial toilet praying to the porcelain God. But how on earth did the GDP rise so much in China, especially considering that exports to the west were down significantly?
In 2009, the Chicom gov’t embarked on a nearly $600 billion stimulus program, with nearly $220 billion of that stimulus to go to infrastructure programs. The rest of the money was spent on giving rebates to consumers (like cash for clunkers), and other wasteful programs.
Wasteful programs like building the city of New Ordos.
New Ordos was started five years ago, and the idea was to replace the old city of Ordos and move all its inhabitants to the new city. The thing is though, no one has moved there yet.
But why would a city that cost hundreds of billions to create remain relatively deserted? Because it’s a sham. The Chicoms knew that in order to keep the illusion of an 8% GDP, all it had to do was spend more. And so the Chicoms did spend more, and more and more and more.
It’s no surprise that the Chicoms are little more than a bunch of filthy liars. Don’t get me wrong, they aren’t much worse than our own band of filthy liars, but I suppose the only difference is that I can call our elected officials a bunch of thieving scumbags and not have to worry about waking up tomorrow with a ball-gag in my mouth and electrodes hooked up to my nipples (unless i choose to have that happen).
The Chicoms are manipulating their GDP (like our own western governments have through the crock of shit they call *stimulus*), and now our economic elitists are saying that the Chicoms are the ones who will lead us out of financial ruin.
Sure, the same people that get paid $2 an hour are going to lead us out of economic ruin. The same people that haven’t mastered the art of manufacturing a spatula that can last longer than three days will save us from financial Armageddon. The same people that have caused environmental devastation to their own country are going to bring us to prosperity again.
If you believe that, you need to sign yourself into a methadone clinic immediately.
There are many Chicom bubbles at play right here and now. Real Estate, credit, to name a few. We’re not buying their crap as much any more, yet they’re spending like we are. That won’t last. The Chicoms are about to learn a nasty lesson.