Global Economic Insanity

The World Isn't Deglobalizing. It's Reglobalizing (msn.com)

Every damn idiot out there claims to comprehend economics, and this article is a great example of just how many conspiracy nuts are now dominating economics. Note how the article basically divides economics into Us And Them, liberals and conservatives.

The simple fact is, the banks went into China and demanded they liberalize their real estate market, then invested heavily in their markets, only to have the Chinese government laugh at them, and say now we've got your money, and can do whatever the hell we please. Of course, at the same time, all the corporations moved into China following the lead of the banks. The problem is not us and them, but the simple fact 99% of the wealth is now controlled by 1% of the population, and they're insane. As far as the banks are concerned, anything goes and, if they get burned, they can use the US to collect their debts, but China is a harsh reminder of just how stupid they really are.