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	<title>Sustento - Exploring possibilities for building a sustainable society &#187; economy</title>
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		<title>Pump up the Volume: China Stimulates</title>
		<link>http://sustento.org.nz/pump-up-the-volume-china-stimulates/</link>
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		<pubDate>Sun, 09 Nov 2008 22:53:30 +0000</pubDate>
		<dc:creator>Raf Manji</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[ecosystem]]></category>
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		<description><![CDATA[Not wanting to bve left out of the party, China announced a huge stimulus package over the weekend. $600bln or thereabouts is not be to sneezed at. The Chinese are taking no chances with collapsing global trade and economic activity. They have an large domestic economy and plenty of headroom to generate homegrown action. They [...]]]></description>
			<content:encoded><![CDATA[<p>Not wanting to bve left out of the party, China announced a <a href="http://iht.com/articles/2008/11/09/asia/10china.php">huge stimulus package</a> over the weekend. $600bln or thereabouts is not be to sneezed at. The Chinese are taking no chances with <a href="http://www.nakedcapitalism.com/2008/11/shipowners-starting-to-cancel-orders.html">collapsing global trade</a> and economic activity. They have an large domestic economy and plenty of headroom to generate homegrown action.</p>
<p>They also have the money to do it.</p>
<p>As Yves <a href="http://www.nakedcapitalism.com/2008/11/china-announced-586-billion-stimulus.html">notes</a> the sums involved are getting to the point where a trillion doesn&#8217;t raise eyebrows. <a href="http://londonbanker.blogspot.com/2008/11/fed-doubles-its-balance-sheet-above-2.html">The Fed&#8217;s balance sheet</a> is expanding quicker than a fast food muncher&#8217;s waistline. $2trln or will it be 3? Who knows? Who cares anymore? It&#8217;s like the end of a Monopoly game where the deals come thick and fast and the rent for landing on Mayfair (or Park Avenue) breaks your bank.</p>
<p>At the same time one continues to hear, in the background, that ecosystem stress is alive and well. As I noted last week there are some major concerns about the level of ecological debt. In a report by the WWF, called <a href="http://www.panda.org/news_facts/publications/living_planet_report/index.cfm">The Living Planet</a>, they <a href="http://www.guardian.co.uk/environment/2008/oct/29/climatechange-endangeredhabitats">estimate some $4-5trln</a> worth of ecological damage is occuring on an annual basis.</p>
<p>Deflation, stagflation, hyperinflation, ecological breakdown and over population.</p>
<p>Your cash losing its value every day as the printing presses run wild.</p>
<p>Time for a <a href="http://entropypawsed.org/default.aspx">pause</a> and a lie down.</p>
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