The World Economy And Its Coming Collapse, Quite Soon - DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate

**hexniks** · 03-11-2011, 04:18 AM

The global commodities bubble is covered on BBC Radio 4.

Good program. *They cover the price of food and copper plus they cover the history of futures markets and the CME.

Part 1
BBC - BBC World Service Programmes - The Documentary, Bubble Trouble?

Part 2
BBC - BBC World Service Programmes - The Documentary: Bubble Trouble?

This is one of the most obvious signs something is very wrong... copper is selling cheaper INSIDE China than outside China. China mostly imports copper, but inside it's using the inflation over its price to actually finance things. Raw copper contracts are actually being used to secure deals (loans, etc). China is sitting on stockpiles of copper that are "borrowed" and will never head to industrial use because businesses are using it as currency; similar to tulips.

Copper's CME price is now headed to a dollar. That could cause some mining companies to suddenly go bankrupt---they borrowed to expand and acquire rights.

Merrill over Matter: Kicking Copper while its down
Having just come back from China my impression is that more and more people are beginning to understand that a lot of copper that has been imported has not gone into furnaces, that it is held by both foreign and Chinese financial institutions and others and I do think that even at the top level in government there is now starting to be a concern of the impact of this speculation on China's economy. *Because it is not just copper - it goes much deeper than that. *With money which has been so freely available in recent years, and with negative deposit rates, any company or individual is very reluctant to hold funds on deposit. *So they are looking for other means of investment and it goes into commodity markets generally - the stock market, it goes into manufacturing investment and so on so forth. *Whether government does anything to stop this game going on I've no idea, but there is at least a realisation at a pretty senior level that these developments are ongoing.

**Zoxeeoy** · 03-11-2011, 06:11 AM

Haven't you predicted the coming global collapse of the world economy several times now.

03-11-2011, 04:18 AM	#1
hexniks Join Date Oct 2005 Posts 581 Senior Member	The World Economy And Its Coming Collapse, Quite Soon The global commodities bubble is covered on BBC Radio 4. Good program. They cover the price of food and copper plus they cover the history of futures markets and the CME. Part 1 BBC - BBC World Service Programmes - The Documentary, Bubble Trouble? Part 2 BBC - BBC World Service Programmes - The Documentary: Bubble Trouble? This is one of the most obvious signs something is very wrong... copper is selling cheaper INSIDE China than outside China. China mostly imports copper, but inside it's using the inflation over its price to actually finance things. Raw copper contracts are actually being used to secure deals (loans, etc). China is sitting on stockpiles of copper that are "borrowed" and will never head to industrial use because businesses are using it as currency; similar to tulips. Copper's CME price is now headed to a dollar. That could cause some mining companies to suddenly go bankrupt---they borrowed to expand and acquire rights. Merrill over Matter: Kicking Copper while its down Having just come back from China my impression is that more and more people are beginning to understand that a lot of copper that has been imported has not gone into furnaces, that it is held by both foreign and Chinese financial institutions and others and I do think that even at the top level in government there is now starting to be a concern of the impact of this speculation on China's economy. Because it is not just copper - it goes much deeper than that. With money which has been so freely available in recent years, and with negative deposit rates, any company or individual is very reluctant to hold funds on deposit. So they are looking for other means of investment and it goes into commodity markets generally - the stock market, it goes into manufacturing investment and so on so forth. *Whether government does anything to stop this game going on I've no idea, but there is at least a realisation at a pretty senior level that these developments are ongoing. Share Share this post on Digg Del.icio.us Technorati Twitter
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03-11-2011, 06:11 AM	#2
Zoxeeoy Join Date Oct 2005 Posts 480 Senior Member	Haven't you predicted the coming global collapse of the world economy several times now. Share Share this post on Digg Del.icio.us Technorati Twitter
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