Economy & Banks

Zerohedge does talk a lot of bollocks at times though...

they raise the spectre of what might be happening, and creating some debate

i love the comments below the articles ...... bitchezzzzzzz

I this the gold they sold?

Very interesting read.

Any more information on the plane that crashed in the Philippines with all the crates full of certificates?

and the gold they do have is just tungsten with a fine gold coating !

according to zerohedge

King Midas for next Fed President.

Very interesting read.

Any more information on the plane that crashed in the Philippines with all the crates full of certificates?

wasn't it the amazon ? plane went down with loads of bearer bonds and loads of treasure hunters flew down to try and claim the prize !

or was that a film i watched ... ho hum

“The handful of men who admit they broke the law does not
reflect the honesty, integrity and character of the thousands of
men and women who have worked at SAC over the past 21 years,”
SAC, which employs more than 1,000 people worldwide, said in a
statement and in a letter to investors.

http://www.bloomberg.com/news/2013-07-25/sac-reassures-clients-as-steve-cohen-fights-to-stay-open.html

From the end of 2008 until the end of 2013, Chinese banking sector assets will have increased about $14 trillion. As Fitch notes, that's the size of the entire US commercial banking sector. So in a span of five years China will have replicated the whole US banking system. What we're seeing in China is one of the largest monetary stimuli on record

Do you have a source for that dicki?

Not that I don't believe it I just want to send.

^
http://www.zerohedge.com/news/2013-08-06/chinas-credit-crisis-charts

Scary shit.

in 5 YEARS !

shows what you can do with 2-3 billion people
all looking to drag themselves out of agri-poverty and into the 21st century

just imagine iof the next 10 year plan goes similarly ... or goes horribly wrong

planet changer

Tempered massively by the relatively teeny tiny capital flows in and out of China.

China's credit collapse would be far more of an observer sport than audience participation.

So let's not panic too much.

ARRRRRRRRRRRRRRRRRRRRRRRRR
arrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
ARRRRRRRRRRRRRRRRRRRRRRRRR

What's this going to do to #14 - Sweet and Sour Pork Balls?, that's people want to know!

Not the pork balls

Dumb Question

Why is this scary, granted it seems like the Chinese have over extended bank credit against their GDP but they have hefty reserves.

What are their capital controls like?

How willing are the government there to help make bail outs if required?

in 5 YEARS !

shows what you can do with 2-3 billion people
all looking to drag themselves out of agri-poverty and into the 21st century

just imagine iof the next 10 year plan goes similarly ... or goes horribly wrong

planet changer

Exactly my thoughts. Could be very bad stuff.

What would be the result of all this debt- if there is physically no way for countries to borrow in order to pay their own debt back?

Hence why the mega-wealthy are busy burying their money in London's housing stock.

japans debt crossed the 15 zero threshold !
thats 1,000,000,000,000,000 JPY ... 1 quadrillion ... 1 thousand trillion

http://www.zerohedge.com/news/2013-08-09/japan-enters-keynesian-twilight-zone-total-debt-crosses-%C2%A5100000000000000000

One Quadrillion?

L,OOO,OOO,OOO,OOO,OOO.OOL

One Quadrillion?

L,OOO,OOO,OOO,OOO,OOO.OOL

You stole!

And baby jesus shed a tear.

guilty as charged m' lud

So what should I do with my Japanese bonds then?

trade them in for njs while they are still worth something