China to blow away smog with DRONES China is set to unleash a fleet of unmanned aerial vehicles to clear the smog from its skies as part of Beijing’s newly declared “war on pollution”. The smog-busting drones were designed by the Aviation Industry Corporation of China and will be tested later this month at airports and ports, according to a Chinese language …
"China's just on a much bigger scale"
And we smug Westerners have outsourced a large proportion of our dirty activities to China, because consumers won't pay/can't afford for everything they currently want to be made to EU/US environmental, welfare and social standards.
" it won't be long before China begins exporting its work to a 3rd world, aka US"
Not necessarily.
As with pollution and graft, the Chinese have learned fast. So they've got a huge misallocation of capital, a looming growth cliff, an out of control shadow banking sector, a property boom that looks likely to end in tears, and vast amounts of public debt (albeit held at local government level more than centrally). So it could all end in tears with a massive crash and lower living standards.
But the UK is also loaded with debt, the Yanks are loaded with debt, the Eurozone is loaded with debt, Japan is loaded with debt, as is China. The only question is who falls off the edge of the world first. My money's on Japan, due to the ageing population, vast debt levels and no currency union to bail them out, and a worrying trade deficit. Put simply, if average interest rates hit 2%, 80% of Japan's government budget would be taken up by interest. Greece, you say? Greece was about the 45th largest economy in the world, Japan is the 6th. That'll bring water to a lot of eyes.
And if not Japan, then the next most likely country to stop spinning in the bowl and leave no more than skidmark as it disappears round the U-bend is us in Blighty. Now that would be a laugh if the Scots vote to stay, and we then bankrupt THEM, whilst Icelanders look on with a warm feeling of schadenfreude.
@jpbp, "Perhaps somebody could explain who are all these debts owed to."
- thats what I'm thinking - I thought the we were in debt to the US and China and the US in debt to China - so who the heck is China in debt to? Who's the heck is left that is big enough to hold that sort of debt? It can't be India - we send them £M in aid to help them use their mobile phones for tele-banking. Is this all just a load of b*llsh*t designed to keep us in a perpetual state of confusion, doubt and uncertainty?
Their normal chemtrail-making gear has broken (being made in China and all), so they have to use a temporary backup and this is a cover story! Of course, they cannot just stop spraying altogether while they are repairing their equipment - they'd be excluded from the Illuminati club!
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