China, spilled with beans all over the place is now trying to collect back the beans

It must be a hot hot place for realty aficionados in the China market when Beijing approved of the billions of dollars to help save China from a soft landing in the aftermath of the financial crises in the US. Overnight, china man, who have been waiting for such a landfall since the inauguration of Hu Jin Tau as the president, have now got the chance to partake in the sudden get rich syndrome like never before. With s much money being spilled unto the bankers, every Hu, Chen and Wang on the streets are figuring what property to buy. It is not so much of buying a house to live in, rather, it is a stampede to grab a piece of the action, with more people buying their second, and third property. They say it is once in a life time thing and if you missed it, then curse yourself to the grave!

So everyone is chasing their third home, at the expanse of the poor, the new graduate who has yet to land a job and the deprived and silenced villager. It was a fantastic exercise, at least from the view of the countries new rich. Besides playing the stock market, indulging in the property sector shows that you have arrived. Looking at the madness, Chairman Moa would have turned in his grave at the revolution that his red guards was assumed to have initiated. But of more concerned is how long can such a debacle last? You have thrown in money unto the streets and the lucky ones are picking them up and even asking for more, how could you put a stop to it. Really, China is a big place compared to other states, and it would even looked bigger if you were to see the amount of unlawfulness and bureaucracy inherent in its structures. Do you ask the bank not to lend anymore? Look, the bank managers have a cut in lending out money for speculations!

It would be a real show to see what China is going to do to rein in the speculators. Already, inflation, especially in essential food items and dwellings, have gone beyond the level that the Chinese have come to accept. Poor factory workers, left behind in the chase for richness in a communist state, have resorted to committing suicide because they can't survive otherwise! Factories, mostly of the sweat shop category, is racing towards a new collective agreement just so as to placate the deprived worker with a meager increase in wages. Now, the Chinese government is really worried about the situation getting out of control. A new proletariat revolution is not unthinkable as temperatures are boiling over from the urban west to the poor east. The least that they want to see is the greedy gobbling up all the funds at the expense of the poor. I looks like the US financial crisis has not only deprived work in America, it has also triggered trouble in the rest of the world, with China the main casualty.