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China Banks Nearly Bankrupt: "Every Province in China is Greece"
Townhall.com ^
| November 16, 2011
| Mike Shedlock
Posted on 11/16/2011 8:23:09 AM PST by Kaslin
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1
posted on
11/16/2011 8:23:10 AM PST
by
Kaslin
To: Kaslin
They have our money and they are still bankrupt?
We need to print more...
2
posted on
11/16/2011 8:25:11 AM PST
by
null and void
(MSGT Dean Hopkins USMC (ret) WWII-Korea-Vietnam 11/9/1925-10/22/2011 My hero, my Dad)
To: Kaslin
Time to have a year of jubilee and zero out the debts I guess.
3
posted on
11/16/2011 8:26:26 AM PST
by
DonaldC
(A nation cannot stand in the absence of religious principle.)
To: Kaslin
So, if the PRC is a bubble and goes ‘pop’ how much of the world do they take down with them?
4
posted on
11/16/2011 8:28:53 AM PST
by
Little Ray
(FOR the best Conservative in the Primary; AGAINST Obama in the General.)
To: null and void
There is no such animal as GAAP in China..we have no way of telling if they are making any $$$. Most industries, that employ the vast majority of Chinese, are either run by the PLA, and/or cronies of the ChiComs...maybe we need to start speaking of “crony communism”..and they are bleeding billions....
5
posted on
11/16/2011 8:31:26 AM PST
by
ken5050
(Perry/Gingrich 2012!!)
To: Kaslin
China is up against the ropes. Sounds like a good time to redouble my efforts to not purchase anything made in China
6
posted on
11/16/2011 8:32:28 AM PST
by
RC one
(Voting isn't a simple act of civic duty anymore, it's a complex act of civil war.)
To: Kaslin
Gave up trying to explain to people that 10-15% endless growth was not real.
7
posted on
11/16/2011 8:32:58 AM PST
by
SouthTexas
(You cannot bargain with the devil, shut the government down.)
To: RC one
China is a “Potemkin Country.”
8
posted on
11/16/2011 8:33:58 AM PST
by
dfwgator
(I stand with Herman Cain.)
To: null and void
Sounds like they need to kill more of their offspring.
That’ll solve it... at least, that’s what I’ve heard libs say...
9
posted on
11/16/2011 8:34:27 AM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter knows whom he's working for)
To: Little Ray
“So, if the PRC is a bubble and goes pop how much of the world do they take down with them?”
100% would be my guess.
To: Kaslin
Then move in for the kill by blocking their cheap, slave-labor goods from our country.
11
posted on
11/16/2011 8:36:05 AM PST
by
TBP
(Obama lies, Granny dies.)
To: null and void
They have our money and they are still bankrupt? It means they are going to need to sell our T-bills in order to buy peace at home.
12
posted on
11/16/2011 8:36:28 AM PST
by
PapaBear3625
(During times of universal deceit, telling the truth becomes a revolutionary act.)
To: Kaslin
13
posted on
11/16/2011 8:36:32 AM PST
by
OldNavyVet
(One trillion days, at 365 days per year, is 2,739,726,027 years ... almost 3 billion years)
To: Little Ray
So, if the PRC is a bubble and goes pop how much of the world do they take down with them? I think the only thing keeping the world economy going is that everybody is equally so screwed up
14
posted on
11/16/2011 8:37:32 AM PST
by
qam1
(There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
To: Kaslin
Perhaps, but no one is going to push their system over the edge. They are not subject to bond markets, George Soros, speculators or protestors.
15
posted on
11/16/2011 8:38:27 AM PST
by
PGR88
(I'm so open-minded my brains fell out)
To: RC one
I went shopping for comforters for a new bed, and I was amazed that even the comforters were 99% from china. I don’t want chinese chemicals on my sheets next to my body.
16
posted on
11/16/2011 8:39:27 AM PST
by
rokkitapps
( Hearings on healthcare waivers NOW! (If you agree make this your tagline))
To: Kaslin
yeah, yeah, yeah. I've been hearing that China is going to collapse for many years now.
The fact is the banks are owned by the Chinese government and all they have to do is print more yuan. They aren't going to fail.
Meanwhile, they continue to buy U.S. companies, and disassemble them and move them to China.
This is just more disinformation designed to lure China's trading partners into not doing anything about their unfair trade policies.
17
posted on
11/16/2011 8:39:57 AM PST
by
DannyTN
To: PapaBear3625
Who are they gonna sell them to?
18
posted on
11/16/2011 8:41:11 AM PST
by
RockinRight
(One year from now, we have an opportunity to take our nation back.)
To: null and void
China owns a large number of our Treasury bonds, which they can sell in exchange for devalued dollars. And when the Fed proceeds with QE3 (and they will), they can monetize more of our debt, driving the dollar even further down. Oh yes: this is all going to end so well.
19
posted on
11/16/2011 8:41:42 AM PST
by
andy58-in-nh
(America does not need to be organized: it needs to be liberated.)
To: qam1
Well, when everyone owes everyone else money, it’s kind of a wash, isn’t it?
20
posted on
11/16/2011 8:41:46 AM PST
by
RockinRight
(One year from now, we have an opportunity to take our nation back.)
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