Europe seems to be on everyone’s mind the last few months. However, there is an elephant in the room that everyone is ignoring, and it's China.
For a while it seemed everyone was proclaiming that the 21st century would be “China’s Century.” Much like the 20th was “America’s Century,” and the 19th was “Britain’s Century.” Everyone just seems to accept the fact of China’s ascendancy.
But is it true?
Gordon Chang, who writes for Forbes.com, thinks otherwise. His prediction is that China will collapse by the end of 2011!
That leaves us a little over a month to see if Chang is right. He clarifies in this interview with Casey Research that he could be a month off, but that he believes China’s collapse is much closer at hand than anyone realizes.
Comment: With so much pessimism pouring down on me from all sides, I can't help of getting more optimistic each new day.