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Glass
14th March 2016, 11:05 AM
Reading an article on ZH about chinese layoffs (http://www.zerohedge.com/news/2016-03-14/thousands-angry-unemployed-chinese-coal-miners-take-streets-police-break-enormous-cr). 1.8 million miners will be laid off from steel and coal. 5-6 million workers adding in other sectors. These are state owned companies.

100,000 from 1 coal mine company. They say this company has 3 times more workers than needed. You could ask if all of those employees exist in real life. They may not. But many of the real ones have not been paid in months.

Thinking about all the empty cities, infrastructure that was built, its obvious they are still doing much make busy work. Work just to keep the masses occupied making sh%t er stuff. This was one of the main elements of the great leap forward, revolution in the 50's.

Now they need some new make busy work. Got me thinking about what the west would do. Clearly we already do. We make bureaucracy and great volumes of it. But what will the chinese do. Miners can't become document filler outers.

What will the chinese do? What is the best kind of make busy work if it is not digging holes and building infrastructure?

Build a wall?

mick silver
14th March 2016, 11:07 AM
http://gold-silver.us/forum/showthread.php?88424-China-Meltdown-Triggering-Worldwide-Recession