Buying Gold: Why Are The Chinese Gobbling Up Gold Like There Is No Tomorrow?

Why are the Chinese buying so much gold?  In 2010 it has been demand out of China that has been one of the primary factors for the dramatic rise in the price of gold.  Gold is up approximately 26 percent this year, and most analysts expect it to go even higher in 2011.  So is China buying gold at a breathtaking pace because they view it as a good investment, or are there other factors at work here?  Do the Chinese view gold as a hedge against inflation?  Is China seeking to get out of U.S. Treasuries?  Has gold simply become much more attractive than paper currencies such as the euro and the U.S. dollar?  Or could China be preparing for the coming financial collapse that so many economists see coming?  It is always difficult to tell exactly what China is up to, but one thing is for sure – they are buying gold like there is no tomorrow. (Read More...)

China #1, United States #2? 25 Facts That Prove The Transition Is Really Happening

On a recent episode of The Office, Michael Scott spent much of the show bemoaning the fact that China could soon become the number one economic superpower.  Of course by the end of the episode everyone had concluded that the United States would continue to be number one indefinitely, but in the real world things are not so simple.  Sadly, the cold, hard facts reveal that China is on the rise and the United States is experiencing a dramatic economic decline.  The world is changing and China is projected to become the largest economy in the world at some point during the next decade.  Americans have been taught from birth that “the U.S. is number one”, but the transition is really happening.  China is passing the United States even in quite a few high tech industries and in many areas of scientific research.  The numbers that you are going to read below are absolutely staggering.  It is getting really hard to deny that the Chinese are wiping the floor with us economically.  In fact, they are beating us so badly that it is hard to put into words. (Read More...)

Vladimir Putin’s Vision Of A Socialist European Free Trade Zone That Stretches From The Atlantic To The Pacific

Back during the Cold War, one of the great fears was that the Soviet Union would invade western Europe and absorb it into their socialist empire.  But now could essentially that exact same thing happen in the name of free trade?  Over the past couple of decades, the European Union has gone from being just a “free trade area” to a highly repressive socialist regime run by a bunch of control freaks.  As many in Europe have correctly noted, the European Union is highly centralized, deeply corrupt and almost entirely undemocratic – just like the former Soviet Union.  Now Russian Prime Minister Vladimir Putin is publicly proposing that all of Europe should join with Russia to create an absolutely gigantic “free trade zone” that would stretch from the Atlantic to the Pacific. (Read More...)

End Of The American Dream