Predicting the Future: China’s Ghost Cities

There’s no better indication of the destroyer’s future plans than the massive over-construction of uninhabited cities in china.  Even if they are empty shells as rumored, they are clearly being marketed to an expected influx of wealthy expatriates.

The fact that China has an unprecedented excess capacity glut, also known as an epic overinvestment/construction bubble, is by now well-known and acknowledged by even the most ardent Chinaphiles. Perhaps nowhere is China’s outlier nature in this regard more obvious than in the following chart showing per capita cement consumption vs GDP.

http://www.zerohedge.com/news/2013-09-21/chinas-ghost-cities-are-multiplying

Look at where the USA is on this chart.  Clearly we are to be turned into a ghost country, probably to be dominated by extraction industries like mining and oil.

 

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