I was driving home one Sunday night when I turned on the news to listen to the weather report. Instead there was some sort of news report on empty cities or Ghost towns in China. I couldn’t believe it. When I got home, I had to check it out. I found the story on CBS 60 Minutes. Is china about to be hit by an economic cataclysm?
Apparently some 12-24 cities are being built every year and no one is living in them. It is not a hoax but a reality. It’s on CBS 60 Minutes, a credible news program. Shouldwe be worried that if the real estate bubble that is being created in China will burst and shake the world economy like it has never been shaken before?
I do not understand what China is doing. I do not understand the world economy but it seems to me that there is a huge problem being created and it might lead to one huge financial disaster.
I do read the Bible and I’ve seen passages that seem to describe some huge, unprecedented disasters ahead for the world. Might these disasters be nearer than we think?
Here is what I am talking about:
Ezekiel 7:19 (AMP) “They shall cast their silver into the streets, and their gold shall be [discarded] like an unclean thing or
Even where I live there seems to be a condominium craze. They just keep building them on almost every empty piece of land. People are buying them, but where are they getting all this money? And if people move into them will not many other apartments and houses become empty? It just doesn’t make any economic sense!
Is some sort of economic cataclysm about to strike China and the rest of the world? It does seem to look that way! Can you make any sense of what is happening in China?
CJAD radio broadcast of 60 Minutes