Marc Faber Finally Wakes Up From His Dream And Says China May Crash - The Reality Is China WILL Crash

Marc Faber is one of our favorites on here. But, he's been living in a false reality on many issues over the last five years or so. One of those is that the world is moving east and that China will be the beneficiary of a U.S. collapse. (The U.S. economy would roar today with the right policies. And that is not tax cuts for corporations as recommended by Republican idiots either.) Well, he was also bullish on the euro and bearish on the dollar and quite a few other misses. Better late than never, he finally wakes up and remarks that China may crash. As we have uniquely said on here for years, it has nothing to do with "may" but when. Another quite capable mind, Jim Chanos, is the topic of this article but both are quoted.

Hot money may be able to take advantage of the misery of others and decimation yet to come but the vast majority of money is going to be lost in China and emerging markets because firms invested enormous sums of money in fixed investments thanks to the advice of firms like McKinsey, Goldman and many multinational firms, consultants and politicians. These lemmings have no choice but to watch their investment evaporate due in large part to Wall Street mobsters, financial "advisors" and the crew of clueless in our financial industry. (All of them - bulls and bears alike.)

As I have said before, this was all predictable more a decade ago. And if firms were getting advice they could actually rely on, they never would have invested in China in the first place. The world is being led by a bunch of neoliberal idiots. Retribution will be a bitch. As we have uniquely cited for years (while the world was partying), we are in a cycle of volatility. Buckle up.

Link here.