Business news without the bullshit

Millions of dollars for pigeons?

The Great China Bubble

Subscribe to RealEconTV

Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time

All that hot money has to go somewhere

Thoroughbred racing pigeons?

It reminds me of Japan circa the 1980s when they were going to take over the world.

For the minor sum of $100 US, you could have some gold leaf added to your cocktail, something not a few people did...back then.

Now they are sinking under the combined weight of unpayable debts and corruption.

Is China on the same path?

Big demographic changes, a completely insolvent banking system (yet to be revealed), and epic corruption lead me to say yes.