[allendale]

HSCB bank in Britian is making it difficult to make cash withdrawals. The fear is that the surplus capital (deposits) of private individuals has been lent to the government in the for of bond purchases and that capital has been consumed with no real return on investment. There is a worldwide liquidity crisis. Chinese banks are sitting on the world’s biggest real estate bubble. They financed close to a trillion dollars of “ghost cities” that sit empty and are decaying.

[Red in Blue PA]

[RoosterRedux]

There is a worldwide liquidity crisis.

I have moved $25K in the last 3 weeks with no problem (between banks and brokerage accounts).

Do you have a credible source for this news?

[Red in Blue PA]

They financed close to a trillion dollars of “ghost cities” that sit empty and are decaying.

OTOH, you have to hand it to the Chinese.....at least they have something to show for it. The money from the stimulus is gone forever, with not even one phantom city to show for it.