Interview 1167 – Lies, Damned Lies and Chinese Statistics
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James joins Jim Goddard for his weekly appearance on HoweStreet.com radio. This week they discuss the Japanese spending voucher stimulus plan, the manipulated statistics behind the Chinese “recovery,” and the future of the oil/energy markets.
SHOW NOTES:
Unusual quake cluster worries Japan
Why So Many Japan Quake Victims Have `Economy-Class’ Syndrome
Japan government weighs shopping vouchers, promotions to boost consumption
China statistics bureau called out for profiting from data
China Economy News 2016: Debt Reaches Record High Amid Mounting Risk
China’s ‘Triple Bubble’ Economy Poised to Burst
Paris climate deal to ignite a $90 trillion energy revolution
Saudi Aramco IPO Could Raise $106 Billion for Wealth Fund
This Is The End: Venezuela Runs Out Of Money To Print New Money
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Regarding Saudi Arabia, the economic transformation has included “Saudization”, a four stage plan in the works for > 13 years, gaining steam the last couple of years, now in full gear. The goal is to replace many or most of the 8 to 10 million foreign workers with Saudis – there are ~20 million Saudi nationals. (Parallel programs are underway in Oman, UAE, and Qatar).
http://www.breitbart.com/middle-east/2016/03/10/saudi-arabia-works-to-nationalize-economy-at-expense-of-foreign-workers/
https://en.wikipedia.org/wiki/Saudization
Evidence of a deliberate oil and market de-coupling? >> It appears the Saudis were tipped off that oil prices were going to plummet. End of Nov 2013, right before oil prices took a nosedive, the Saudis began feverishly rounding up one million foreign workers placing them in detention camps for deportation and were reportedly working on removing another million workers in subsequent months. The deportations were done abruptly, a news article described how the hasty removal of workers from a municipal plant led to a massive overflow of sewage lines in one large city. (Guardian UK article series) http://www.theguardian.com/world/2013/nov/29/saudi-arabia-foreign-labour-crackdown-migrants
In the NWO scheme, China, with limited natural resources, may be in a tough position with 1.4 B mouths to feed and increasingly unemployed as the robotization of manufacturing begins to dominate production. (MIT Review)
https://www.technologyreview.com/s/601215/china-is-building-a-robot-army-of-model-workers/#/set/id/601326/
As more fuel-efficient technologies are developed and brought to market, my hope is that oil consumption will actually reverse its course and begin to decline. I’ll believe it when I see it.
Nevertheless, this latest drop in the price of oil has left many governments’ dependency on oil exposed. Saudi Arabia, Venezuela, Russia, and others are being brought to the realization that they must develop other industries if they want to survive.
Here are two technologies I’m familiar with, hence my pseudonym.
http://www.sonexresearch.com
http://www.soonysystems.com
Japanese spending voucher stimulus plan??
Smells like Guaranteed basic income experiment.
Just read today on Zerohedge that Japan already made this kind of experiment and surprisingly (for me – maybe I just don’t understand Japanese people) it was fiasco.
http://www.zerohedge.com/news/2016-05-02/if
“… happened in Japan a few years back when that nation issued its citizens spending coupons with an expiration date on them. Regardless of the spend-by-date, the typical recipient still hoarded them!”