by Jeff Nielson, Silver Gold Bull:
Yet again we see a Tale of Two Economies. One economy has a (real) plan. One economy has (real) growth. One economy acts proactively to address its problems.
Then there is the Other economy. It’s only “plan” is to lie about how bad things really are. Instead of economic growth, it has substituted much more borrowing – and handing free money to a banking crime syndicate, as fast as the bankers can shovel it into their vaults. It acts only reactively, belatedly cobbling together hopelessly inadequate bandaids to cover-up gaping (self-inflicted) economic wounds.
Readers should have no problem in identifying China as the first economy. The “other” economy could be the economy of any/every major Western nation. The rate of deterioration is the same in all of them, all that differs is how close to insolvency they were when the banker-plundering began.