Dan Collins–Chinese Big Macs Are Over-Priced 22.Aug.12

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There’s no better authority on China than Dan Collins of the China Money Report. He settled in Shanghai during college and hasn’t left. lending rates are currently at 9 percent and inflation appears to be diminishing. But that has come at a cost, much lower growth. And if Europe continues its implosion and the US goes back into recession, then China will no doubt be affected. But the Chinese has been accumulating gold for the past several years. And their silver purchases are picking up too. The world is waking up now and the fiat currency scheme will soon be gone.

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets.

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