"Their Bubble is Bigger than Our Bubble" - Zio-Spin

[abduLMaria]

Coming from Bloomberg.  Run by Bloomberg, one of NYC's billionaires, also the NYC current mayor - Jeez, I wonder if he is a 9-11 insider ?  (we need a sarcasm emoticon  8-)  )

http://www.bloomberg.com/apps/news?pid= ... V1aw&pos=5

"China in Midst of 'Greatest Bubble in History,' Rickards Says

"March 17 (Bloomberg) -- China is in the midst of "the greatest bubble in history," said James Rickards, former general counsel of hedge fund Long-Term Capital Management LP."

[ LTCM was one of the first hedge funds to blow up, in the late 1990's.  So I guess Rickards knows Bubbles ? ]

"The Chinese central bank's balance sheet resembles that of a hedge fund buying dollars and short-selling the yuan, said Rickards, now the senior managing director for market intelligence at McLean, Virginia-based consulting firm Omnis Inc.

"As I see it, it is the greatest bubble in history with the most massive misallocation of wealth," Rickards said at the Asset Allocation Summit Asia 2010 organized by Terrapinn Pte in Hong Kong yesterday. China "is a bubble waiting to burst."

Rickards joins hedge fund manager Jim Chanos, Gloom, Boom & Doom publisher Marc Faber and Harvard University professor Kenneth Rogoff in warning of a potential crash in China's economy. The government has raised banks' reserve requirements twice this year after economic growth accelerated and property prices rallied. "


The shell game continues.  The mainstream media feeds the theme to the general population, "China's got the bubble, not us".

Meanwhile, they slowly make preparations for the collapse.  For example, Hedge Fund Manager Paulson (any relation to the outgoing Treasury Secretary) started a new investment fund dedicated to buying physical gold.  They made the first investment with gold at its recent $1200 peak.

On another media front, Ric Edelman
http://www.ricedelman.com/
Barron's "#1 Investment Advisor" is using EXTREME scare tactics in his radio show to push people towards buying mutual funds.  Along the lines of, "what will you tell your grandchildren ?" ... in the same radio show that he predicts Dow 71,000 in 20 years (of course, those will be inflated dollars, making Dow 71,000 a little less impressive.)  That came out in Delman's radio show on Saturday, March 13, 2010, on KSFO 560 AM.


Cliff's (Summary), this is what the Zio-business media is saying -
*  China's got the bubble, not us.
*  Buy Stocks, because you don't want to miss out on 20 years of appreciation at the rate of 10% a year !

Because the Zio-business media is pushing stocks harder than I've heard them push stocks before, I wonder if they're preparing for a stock market crash in the near future ?  Whereby the insiders, many of them Zionist and/or Jewish, pass off their shares to Joe & Jane Sixpack.