China’s Property Bubble – Why Is ’60 Minutes’ Telling the Tale?

China’s Property Bubble – Why Is ’60 Minutes’ Telling the Tale?

“Western Money Power doesn’t have the same control in China. China has a Western system but ultimately the ChiComs are the ones that run it. And maybe they have run it into the ground.  Either it was planned or it was not. Or a combination of both. But we wrote that when the property bubble burst, if it did burst (as all bubbles must) then the Chinese Communist Party itself would be in trouble.  So listen to this video snippet, excerpted above: the part where one of the largest builders of homes in China (and thus the world) is interviewed. He seems paralyzed by fear, and says a housing bust would be a disaster. He even predicts regime change.”

http://www.thedailybell.com/28782/Chinas-Property-Bubble–Why-Is-60-Minutes-Telling-the-Tale

http://www.youtube.com/watch?v=JGA_ZlZCljw

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