“They are absolute make-believe”

21 Replies to ““They are absolute make-believe””

1. Zerohedge has been covering China’s stats fraud for years. Wall street knows all about it, too. Reform is coming now that MSM is on the case. 😉

2. “They are absolute make-believe”
   As are virtually all of the statistics reported by the US Department of Labor.

3. The point dear comrades is that who prepared the books and how does not matter. What matters is who cooked the books and how.

4. So is the way we calculate CPI here and in the USA. Does anyone really believe we are running less than 2% inflation? Maybe big screens tv’s help pull the numbers down, but I don’t buy a lot of those.
   Here in bc icbc, hydro, terasen, city utilities all up 5%. Food prices are through the roof, property values and as such taxes up dramatically.
   Just based on our own monthly bills I would place inflation at 8-10% over the last 5 years. Anyone with any savings has seen a huge theft of their buying power.

5. Anyone care to comment on the idea of free trade with China and India proposed by the Canadian “star” minister of international trade?

6. Inflation is not prices going up as a result of the collapse of the Canadian dollar (reflected in what we are seeing in the grocery stores), it is prices increasing due to an increasing money supply. So when the price of gasoline goes up due to a “carbon revenue tool”, and the price of everything else goes up as a result, that is not inflation. I don’t know how they factor that out in their calculations, but I think they do.

7. Ward, yes inflation is likely higher than 2%, but there is general deflation in the private economy but runaway inflation in the public sphere. China, while still growing, represents that; like the article said, build a bridge, tear it down, build another – voila, economic “growth.”
   Aka, “public investment.” In the private sector you go to jail, unless you’re too big to fail/make big political contributions. In the public sector, Captain Canada, who is steering the ship well in stormy waters, gets thrown overboard by the so the cabin boy can take over.

8. Let me guess … China will be PRAISED effusively in the coming years for their commitment to fight Global Warming. When in reality, it will be their collapsing faux Capitalist economy. An Eco-zealots wet dream … Ghost cities devoid of what the Eco-frauds HATE most … people

9. Add the Conference Board of Canada to the list of exaggerators.
   A few years back (decade?) The Bilderberg Conference was held and all they could talk about was the Asian Tiger – Japan. The Financial Post was all over it (Diane Francis). Within a month the Tiger collapsed. Not one of the tall foreheads saw it coming.

10. What, just because there are close to 95 million Americans not in the work force, you don’t believe there is 5% unemployment? How very, very, cynical.

11. it’s not the big things that define a situation, it’s the little things that do, and the little things have been pointing this out for some time now. It’s the exports headed to suppliers that were indicative. If they no longer want raw materials to manufacture with, then there is trouble in “paradise”. So lets just send Just-In over there to fix things.
    Harper must be laughing in his beer about now.

12. Have a look at this map of the South China Sea.
    China’s future economic strategy will involve their military.
    Just be glad you don’t live in Vietnam, the Philippines, Malaysia, Indonesia, or even Japan or South Korea.
    Without Pax Americana the age of the Chinese Empire is about to dawn.
    http://www.bbc.com/news/world-asia-35271261

13. http://www.ctvnews.ca/politics/freeland-to-focus-on-india-and-china-two-huge-growing-markets-1.2730935
    Help is one the way! Our beloved PM’s beloved new International Trade Minister,Chrystia Freeland, is going to “focus” on China AND India, as apparently NOW Liberals recognize they are two huge markets.
    “Billions and billions of dollars every year, especially in pork, in lumber, in canola, in all of the areas we need to diversify our exports into.”
    ( B.C. tried for years to ship lumber to China, but they would only allow raw logs, as their PM said, “we have people here who need jobs”.)
    BUT, none of that filthy oil,or coal!!! Boy,it sure is too bad the former Conservative government of The Evil Stephen Harper wasn’t as astute as Chrystia Freeland, we’d ‘a been sendin’ them Asian folks billions in trade stuffs and we’d all be rich!!!
    I’m going to raise pigs in my back yard,and ship ’em to China and make my fortune!
    Life is SO good under the Liberals! lalalalalalalalala………
    Note: there was NO sarcasm in this post.

14. FYI
    Chirer’s “fight against “glowbull warming” is to keep on, keeping on, until at least 2030, changing nothing. Cuz Oblahblah sez so!

15. AH, c’mon.
    Jihadi Just-il said that he admired China. They could turn their economy around, just like THAT!
    Because its 2016

16. Yes, beloved Khrystia, another Jihadi lover, its a wonder she doesn’t wear a burqa, in tribute to her admiration of Islamist Sharia Law.
    She is a textbook example of a resume builder, without really accomplishing very nuch in a real job throughout her life. The resume looks really good, check out her supposed “curriculum vitae” on Wikipedia.
    But when she opens that mouth, one wonders how it ever happened. Maybe she’s one of those “give her a good reference so we can get rid of her” types. It would explain the resume, to a tee.

17. Yeah, her resume IS impressive, but as you say, not much real accomplishment behind the high falutin’ ejakasshun.
    The wily Chinese negotiators will once again take naive Canadian representatives “to the cleaners” to use an old Chinese expression.
    When HK billionaire Li Ka Shing negotiated with our B.C. government for the Expo lands, he was SO impressed by our team, he sent his Granddaughter to negotiate. She WAS lovely!
    A Chinese friend I worked with said it was almost a slap in the face to the B.C. government, BUT she WAS lovely,and charming, AND they took us down the street to the aforementioned launderers.
    What I wouldn’t give to be a Mandarin speaking fly on the wall when Our Chrystia negotiates with those Old Boys who have paid their dues in a dog-eat-dog system for longer than she’s been on the planet!

18. That its economy is sinking, and that its downfall will derail the still-fragile economic recovery going on in other parts of the world.
    Probably will boost local industries in other countries. Not good for resources until the the load is picked up. Of course, multi-nationals are so invested in China, they will probably put the brakes on local economies.

19. DanBC, China also represents 40% of worldwide wind turbine production; ironic ain’t it? Actually it isn’t.
    They’re not stupid enough to believe or implement the CAGW swindle, but has no problem sending in their rent seekers to profit from the con.

20. ANd why shouldn’t Chirer profit from the stupidity of lefty western leaders, that are following their make believe unicorn manifesto, to Utopia?
    After all, the Chinese did not make up the Glowbull warming nonsense, and yes, they have certainly resisted the nonsense, at least when they can’t profit from it.
    Getting OBlowhard to agree to a deal, where the Yanks self-immolate, while the Chinese just keep doing what they are doing, until 2030 (AND Beyond, of course), was a no-brainer. OBungles will be long, long gone by then, an unenforceable agreement.
    Something politicos love to do, non-binding agreements, but portraying same as “game changers!”. This is what the recent Paris junket yielded, absolutely NOTHING (thank goodness). But of course the Lizard May’s and Dionky’s of the world think it was awesome and the world is saved. Hope they really believe that, now they can just shut up!

21. some observation on the practices and habits of Chirese bigshot and negotiators:
    the ‘mercuns found out way back in the Nixon era, they are willing to make verbal agreements, handshake agreements, agreements based on their word, trust, etc etc.
    then when the trade whatever arrangements are being put in place, carried out, implemented, they will, every time, refer exclusively to only the written documents, claiming everything else was merely part of the negotiating *process*, not to be confoosed with the final ironclad terms.
    they are NOT a nation of laws. high level officials are eyeball deep in counterfeiting, they scoff at patent protection, WTA, and all those widely accepted and universal multinational governing bodies. unless it suits them.
    a lot of what they produce is utter crap. they appear to lack a concept of quality control; the end user is responsible for that. don’t forget the contaminated baby food. when’s the last time THAT happened this side of the Pacific?
    is Ms Freeland aware of any of this?