TIIDBIT: CHINESE FINANCIAL SYSTEM ON BRINK OF COLLAPSE…?
November 2, 2012 / /
Here's a post from Sept 20, 2012 to bear in mind in all the financial news (and thanks to Mr. VT for sending this to me). Thought I should pass it along:
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Owe the Bank 20 grand and you cant pay it back = they own you! Owe the Bank billions = you own the Bank, ha,ha!
Anyway it’s only funny, monopoly money to all except to those who have to buy a loaf of bread or a can of beans. To them it’s Life or Death!
Money isn’t everything,
unless you don’t have it.
“China’s growth based on excessive credit.”
Have we heard that story before? Chinese Banksters made loans to (speculators) borrowers who ‘hoped’ the building/housing bubble would never burst. They were wrong, just as in America and Europe. We see a pattern. As above, so below. What goes up, must come down.
How much ‘money’ do the Nations, and ultimately the Taxpayers, owe to the Federal Reserve Bank? What will happen when the lowest interest rates in living memory are raised to 2,3,4,5,6,7%? That is not idle speculation.
Is Putin going to come to the aid of the western nations? Or, is he hoping to swoop in and ‘pick the bones’. What is going to happen when, not if, the Banksters pin the Taxpayers to the wall to collect the debts and get their ‘pound of flesh’?
I certainly would trust Price Waterhouse, except to steal at every opportunity.