JohnDB
Platinum Member
- Jun 16, 2021
- 9,321
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Okay...
So anyone plugged in knows that Beijing is in trouble coming out of the Quarantines financially speaking... between the REITs and the Junk Bonds supporting them....and now the increases in lending rates...it's a huge problem. The financial institutions that hold this paper are going to be in trouble soon enough.
It's bad enough to cause WF to cut lending off completely until the damage can be assessed.
Which for those who understand... gambling by billionaires is going to be a new Chinese pastime. Also the purchase of everything tangible in the western world at exorbitant prices. (For the ELOCs)
So...where else is the money going to land besides the US? Nowhere... Cayman Islands maybe on the way here...
Also Great Britain....(Brexit remember)
So... the US now has practically a license to print money by a Government that can't seem to spend enough lately...same thing with the UK which would love to shove it in the EU's face.
I look to see a lot of billionaires found guilty of "corruption" here soon in PRC which is only going to exacerbate the problem.
If only the PRC had been willing to concentrate on production and industry instead of real estate they might have a way out of this financial crisis.
We here need to pay attention to this...if ever this starts happening here...we are in real trouble. It happened some this past spring with some capital Flight and lack of borrowing...(for the rising Euro and South Korea). But it's over now...and coming back to pour in.
And yes...the Government needs to print the money in order to stop deflation and assist in creating some inflation.
So anyone plugged in knows that Beijing is in trouble coming out of the Quarantines financially speaking... between the REITs and the Junk Bonds supporting them....and now the increases in lending rates...it's a huge problem. The financial institutions that hold this paper are going to be in trouble soon enough.
It's bad enough to cause WF to cut lending off completely until the damage can be assessed.
Which for those who understand... gambling by billionaires is going to be a new Chinese pastime. Also the purchase of everything tangible in the western world at exorbitant prices. (For the ELOCs)
So...where else is the money going to land besides the US? Nowhere... Cayman Islands maybe on the way here...
Also Great Britain....(Brexit remember)
So... the US now has practically a license to print money by a Government that can't seem to spend enough lately...same thing with the UK which would love to shove it in the EU's face.
I look to see a lot of billionaires found guilty of "corruption" here soon in PRC which is only going to exacerbate the problem.
If only the PRC had been willing to concentrate on production and industry instead of real estate they might have a way out of this financial crisis.
We here need to pay attention to this...if ever this starts happening here...we are in real trouble. It happened some this past spring with some capital Flight and lack of borrowing...(for the rising Euro and South Korea). But it's over now...and coming back to pour in.
And yes...the Government needs to print the money in order to stop deflation and assist in creating some inflation.