In China, as you drive to different cities and provinces, you will have at least three near head-on collisions, and the driver will think nothing of it. If you’re driving in a city or a town you will come within six inches of hitting at least five pedestrians or people on bikes or scooters, and neither the driver nor the person almost hit will think anything of it.
China will finish eating America in about 15 years. Having digested our debt, our banking and financial systems, our culture, our language, and ultimately our constitutional freedoms; they will then be the dominant power in the world. And our beloved USA will have become like the semi-failed, socialist European states, with high inflation and a bloated welfare-based government whose citizens are dependent on it for not only healthcare but a myriad of other handouts.
We will have become as lazy and spoiled and dependent as the citizens of the Netherlands are today. We are in the beginning stages of a failed state.
Obama, who is moving faster than any president in U.S. history to transform our institutions, will accelerate our decline and save China at least five years in surpassing us as the world’s number-one economy. I pity my daughter’s generation.
Dave Gentry
President, RedChip Companies, Inc.
I agree Dave and that’s why I invest in the companies you represent. Your synopsis of China overtaking the USA as the world’s #1 power is dead-on.
In briefly commenting about the valuation of the companies you represent, alot of the stocks have seen a nice bump up from much lower prices, but even so, these stocks have a long ways to go with regards to being valued in line with American companies. It amazes me these Chinese small-caps make tons of money, are growing like wildfire, yet trade with P/E’s in the 2 to 5 range on average. Meanwhile, American companies are all in debt up to their ears, not profitable, yet trade at much much higfher valuations.
This is all about to change, as American investors wise up and realize where the real growth is …. and it ain’t in America.