Off the microphone of RE
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Published on the Doomstead Diner on April 22, 2014
Discuss on the Podcast pages of the Doomstead Diner
Snippet:
…Besides that they are making Oil deals with the Ruskies, building Nuke plants, high speed rail lines and entirely New Cities from the Ground Up. Never mind that nobody lives in those cities and at the prices they sell the apartments for nobody but Hedge funds can afford them on a typical median income for a Chinaman of $10K a year. That is compared with median income in the FSoA of around $84K. HTF are Chinese supposed to buy apartments selling at $300K on an income of $10K a year? Forgetting interest and buying food and electricity to keep the lights on, the average Chinaman would have to cough up his entire paycheck for 30 years to campout in one of these White Elephants. Reality is of course that the prices will crash, and plenty of folks who invested in the building of them will lose their shirts, not to mention their underwear and socks…
For the rest, LISTEN TO THE RANT!
RE
These rants are great. Keep up the good work.
Thanks Joe.
The rants are really taking off. The Estinction Rant is near 700 listens and Financial WWIII is already at almost 300.
I had a lot of fun recording this one. Couldn’t keep from cracking up reading that dumb ass story about the Chinese Hijacking a Nip Ship for debts that predate WWII. LOL.
RE