China’s economy to collapse???

A good news article at politico.

Is China headed toward collapse?

Chang argues that inconsistencies in Chinese official statistics — like the surging numbers for car sales but flat statistics for gasoline consumption — indicate that the Chinese are simply cooking their books. He speculates that Chinese state-run companies are buying fleets of cars and simply storing them in giant parking lots in order to generate apparent growth.

The world economy is on the brink due to debt of governments, they loan each other fake paper money and then pretend everything is OK.

universal health care political cartoons