Saturday, April 3, 2010

Getting Very Worry. The Real Economy not Picking up and Famine coming

1943 China Famine, A chinese boy  begging for food.


 A few moment later, he finally fainted or die of starvation.

More Pictures of the 1943 china famine can be seem from here
http://www.6park.com/news/messages/49669.html
 
Illusion Economy like stocks and properties are pushing up due to low interest rate. Inflation are rocketing and commodities are been speculated. Fiat currencies are become less and less useful. The Chinese are all thinking about properties and cheap labour intensive factories ( Which is good for employment but making the farmers deserted their farmlands). They shall start investing in agriculture and water resources as soon as possible. China has the great famine(http://en.wikipedia.org/wiki/Great_Chinese_Famine) just recently during the 1960s which rumour say has killed at least 20 million chinese comparable to the world war 2 death figures. China history has proved that it often faces starvation and famine. 2012 will be the time china bubble may collapse. Maybe by then they will only think about starting another green revolution.

According to the work of Nobel prize winning economist and expert on famines Amartya Sen, most famines do not result just from lower food production, but also from an inappropriate or inefficient distribution of the food, often compounded by lack of information and indeed misinformation as to the extent of the problem. In the case of these Chinese famines, the urban population had protected legal rights for certain amounts of grain consumption. Local officials in the countryside competed to over-report the levels of production that their communes had achieved in response to the new economic organisation and thus local peasants were left with a much reduced residue.

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