With the state controlled media in China you won't know if a bank fails or not.Can;t trust any figures that come from China.
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With the state controlled media in China you won't know if a bank fails or not.Can;t trust any figures that come from China.
Standard Western BS - China looks after its own because of its massive savings, as opposed to Western debt.
China’s economy rides on a cushion of real savings.
How many times in the last 30 years (since 1989) have the West predicted the impending collapse of the China banking system?
The point I am making is that investors need to focus on where the real crisis is likely to come from, not be sidetracked by BS.
Balance ..with all due respect ....How on earth can you trust any information that comes from China...Its a dictatorship ..and the bloke in charge just achieved another term.Have you heard about a bloke called Mao....What 80 million deaths.cheers.
Where is Jack Ma ?
Silly fractional banking fiat ponzi, depositors are gonna get rinsed for all their savings and wealth
Bail us out, bail us out they weep, debase the value of currency again make the everyday person's life harder, save our gambling fractional scam banks, they don't need to afford food, let them lose their jobs we need QE to flood the system, to save our scams, then we can pay each other big bonuses and the peasant people will pay through debasement and inflation
Just catching up on the Silicon Valley bank thing. Is this something for a Black Monday? Does the affect on sentiment bleed into our market? According to this commentary, on Fox news, it's the bigest bank failure since 2008.
https://www.youtube.com/watch?v=cl-ZawiAghE&t=545s
I always watch Wall Street Week. Sam Zell seems like a solid guy. I like his comments here. If I remember correctly he started to invest in gold for the first time last year. A reference to the Weimar Republic! - seems like something for a Black Monday. The US seems to take its reserve currency status for granted, as though it will continue forever.
https://www.youtube.com/watch?v=BEDI5cKLbBY