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Why post about such an esoteric subject?  Because most of the MSM has either missed or failed to report on the economic implosion in China.  The implosion is the result of the slowing global economy despite the best efforts of the US and Europe.  The US is barely running in place and Europe, except for the UK and, perhaps, Germany are in decline or on the precipice.  China, like nations in the past, is rallying their populace to supposed exterior threats-- in particular, the US and Japan.  Buckle up, kiddies, the ride is really getting wild.

 

BEIJING — There once was a time, during the frenzied heights of China’s Tibetan mastiff craze, when a droopy-eyed slobbering giant like Nibble might have fetched $200,000 and ended up roaming the landscaped grounds of some coal tycoon’s suburban villa.

But Tibetan mastiffs are so 2013.

 

Instead, earlier this year Nibble and 20 more unlucky mastiffs found themselves stuffed into metal chicken crates and packed onto a truck with 150 other dogs. If not for a band of Beijing animal rights activists who literally threw themselves in front of the truck, Nibble and the rest would have ended up at a slaughterhouse in northeast China where, at roughly $5 a head, they would have been rendered into hot pot ingredients, imitation leather and the lining for winter gloves.

 

China’s boom-to-bust luxury landscape is strewn with devalued commodities like black Audis, Omega watches, top-shelf sorghum liquor and high-rise apartments in third-tier cities. Some are the victims of a slowing economy, while others are casualties of an official austerity campaign that has made ostentatious consumption a red flag for anticorruption investigators.

 

Then there is the Tibetan mastiff, a lumbering shepherding dog native to the Himalayan highlands that was once the must-have accouterment for status-conscious Chinese. Four years ago, a reddish-brown purebred named Big Splash sold for $1.6 million, according to news reports, though cynics said the price was probably exaggerated for marketing purposes. No reasonable buyer, self-anointed experts said at the time, would pay more than $250,000 for a premium specimen.

These days, those mastiff breeders left in the business are suffering from overcapacity, as it were. Buyers have largely disappeared, and prices have fallen to a fraction of their peak. The average asking price for desirable dogs — those with lionlike manes and thick limbs — is hovering around $2,000, though many desperate breeders are willing to go far lower.

 

“If I had other opportunities, I’d quit this business,” said Gombo, a veteran breeder in China’s northwestern province of Qinghai, who like many Tibetans uses just one name. He said keeping one of his 160-pound carnivores properly fed cost $50 to $60 a day.

 

“The pressure we’re under is huge,” he said.

 

Since 2013, about half the 95 breeders in Tibet have gone under, according to the Tibetan Mastiff Association, and the once-flourishing Pure Breed Mastiff Fair in Chengdu, in the southwestern province of Sichuan, has been turned into a pet and aquarium expo."

More at;

http://www.msn.com/en-us/news/...AK5?ocid=mailsignout

 

A Tibetan mastiff dog is displayed for sale at a mastiff show in Baoding, Hebei province, south of Beijing on March 9, 2013. Fetching prices up to around 750,000 USD, mastiffs have become a prized status-symbol amongst China's wealthy, with rich buyers across the country sending prices skyrocketing. Owners say the mastiffs, descendents of dogs used for hunting by nomadic tribes in central Asia and Tibet are fiercely loyal and protective. Breeders still travel to the Himalayan plateau to collect young puppies, although many are unable to adjust to the low altitudes and die during the journey. Ed Jones/AFP/Getty Images

TRUTH -- THE NEW HATE SPEECH!

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Looks like China is printing money and the stock market approves:

 

Meanwhile, a move from China's central bank to free up about $200 billion for banks to lend drew investor attention across the globe. The People's Bank of China on Sunday announced it would cut the reserve requirement by one percentage point, its second reduction in less than a quarter and the biggest since December 2008.

 

Traders said the news--aimed at shoring up China's slowing economy--was encouraging to investors here, even as Chinese stocks declined. At the same time, traders said Friday's downdraft was sparking interest from some bargain-minded investors, they said.

 

http://www.foxbusiness.com/mar...r-on-china-earnings/

Originally Posted by Stanky:

Looks like China is printing money and the stock market approves:

 

Meanwhile, a move from China's central bank to free up about $200 billion for banks to lend drew investor attention across the globe. The People's Bank of China on Sunday announced it would cut the reserve requirement by one percentage point, its second reduction in less than a quarter and the biggest since December 2008.

 

Traders said the news--aimed at shoring up China's slowing economy--was encouraging to investors here, even as Chinese stocks declined. At the same time, traders said Friday's downdraft was sparking interest from some bargain-minded investors, they said.

 

http://www.foxbusiness.com/mar...r-on-china-earnings/

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Internal banks and industries owned by the state have been zombies for a decade -- like the Japanese zombie banks,  They are running the presses to cover the bad debt resulting from party poor business sense and crony corruption, 

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