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Saturday, March 26, 2011

China's Ghost Towns . . .

Check out the following story on China Ghost Towns and click on the hyperlink.

It’s an excellent expose’ video done by Dateline Australia.

China bulls may also be “investing” (read: speculating) on borrowed time,

like all of the clowns in the US that said real estate would go up forever in 2007.

The Chinese government is building MASSIVE cities for nobody,

just to keep people working and keep speculators happy.

Although the financing of the following properties is radically different than the

subprime madness in the US, it simply can’t and will not go on forever.

Please see the following video on ghost town(s).

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