A BBC programme called "How China Fooled the World" should be required viewing for goldbugs who think China's gonna rule the world.
It's about the level of debt they have, described by a chinese analyst based in China as 'off the charts' and estimated at $24 to $25 trillion USD, the level of property speculation, the possibility of the property market and the banks melting down, the corruption, the shadow banking system, that 15% of all residential property in China is empty and they're still building, credit 2X GDP and growing 2X as fast, the NGO's that have colossal amounts of debt with no possibility of paying it back and the number of local corrupt oficials going to jail at an increasing rate.
Shows a 13,000 sq. ft. model of the city of Wuhan as it's projected to be in 2020, all done with debt.
Someone's going to blink in the property market and cause a crash, everyone's happy because the market keeps going up, but it's all completely unsustainable, anyone who says the USD isn't going to be the reserve currency is dreaming.
It's going to end badly, very.
I agree with Warren Buffett, he's bullish on the USA and says "America's best days lie ahead".
Here it is on Youtube:
http://www.youtube.com/watch?v=YW3h4wv8_ko