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Tuesday, January 28, 2014
The Tensions in Asia could cause a Market Panic
Pretend you are the
leader of China's army. The Americans are enlarging their bases in
Australia, trying to stir up trouble in the Philippines and Vietnam, and
lifting an embargo against Burma. America also has a defense pact with
Japan. The Chinese depend on oil, copper, and iron, all imported
commodities. What would you do to protect your border? The tensions in Asia are
real and rising, and could cause a market panic, just like the
financial crisis Felix discussed. The Chinese have decided to shrink
their government's share of the economy and make markets freer.
Everywhere in the industrialized world, you find the opposite. China has a dark side,
too. In the U.S., someone can be highly critical of the government and
stay alive. If you write something negative about the leadership in
China, you can be put in jail for a long time. There is only one Nobel
Peace Prize winner behind bars -- Liu Xiaobo, in China.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.