Will Dollar collapse due to Coronavirus?

[Baron]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

The dollar may well get stronger. It is the reserve currency for the world, and no other fiat currency is stronger or more respected as a store of wealth. Of course Gold will be the real winner, as we have seen over the last few weeks. Other countries are buying gold, but not investors in the US. What do you think will happen to gold prices when people in this country start buying?

Why Wuhan is sealed off until now?
Why entry doors of houses get tightly welded?

The sad truth is the Coronavirus is highly contagious and very lethal.
The entirely city is a huge cemetery where are only crematoriums working.

Who needs green buck when the US economy collapsed?

A simple flu with lethality 2%?
The sad truth is Chinese mix the statistic of common seasonal flu with Coronavirus which lethality is very high.

 

[justoffal]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

Nah..... That's absolute nonsense. All large industrial concerns always have a plan b for supplies. The difference will be the price of the final product which has been synthetically Low due to slave labor, High polluting manufacturers that obey no laws and a wild west style currency manipulation by the Central Bank of China. The first products to be hit will be the electronics. Without the contribution of Foxconn's 1.5 million + slaves Cell phones will quadruple in price to where they actually belong. The real victims will be the Chinese people themselves who will suffer greatly from the loss of overseas sales and maybe a million American teenagers whose parents will no longer buy them an iPhone that cost $4,000.

Jo

 

[BuckToothMoron]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

The dollar may well get stronger. It is the reserve currency for the world, and no other fiat currency is stronger or more respected as a store of wealth. Of course Gold will be the real winner, as we have seen over the last few weeks. Other countries are buying gold, but not investors in the US. What do you think will happen to gold prices when people in this country start buying?

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

 

[justoffal]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

The dollar may well get stronger. It is the reserve currency for the world, and no other fiat currency is stronger or more respected as a store of wealth. Of course Gold will be the real winner, as we have seen over the last few weeks. Other countries are buying gold, but not investors in the US. What do you think will happen to gold prices when people in this country start buying?

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

Lol.... Oh dear someone has sold you quite the bill of goods. The false economy that depends on cheap Chinese goods is the main reason our GDP growth is sluggish. Take those instant goods away and you wake up the American manufacturing machine.

Jo

 

[justoffal]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

The dollar may well get stronger. It is the reserve currency for the world, and no other fiat currency is stronger or more respected as a store of wealth. Of course Gold will be the real winner, as we have seen over the last few weeks. Other countries are buying gold, but not investors in the US. What do you think will happen to gold prices when people in this country start buying?

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

 

[justoffal]

No.

The dollar is a safe-haven currency. People buy it when there is panic.

Notice the broken English in the post you're replying to?

Jo

 

[Likkmee]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

The dollar may well get stronger. It is the reserve currency for the world, and no other fiat currency is stronger or more respected as a store of wealth. Of course Gold will be the real winner, as we have seen over the last few weeks. Other countries are buying gold, but not investors in the US. What do you think will happen to gold prices when people in this country start buying?

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Yeah Ol #1 has bankers to take care of all those minor details.

 

[BuckToothMoron]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

The dollar may well get stronger. It is the reserve currency for the world, and no other fiat currency is stronger or more respected as a store of wealth. Of course Gold will be the real winner, as we have seen over the last few weeks. Other countries are buying gold, but not investors in the US. What do you think will happen to gold prices when people in this country start buying?

Why Wuhan is sealed off until now?
Why entry doors of houses get tightly welded?

The sad truth is the Coronavirus is highly contagious and very lethal.
The entirely city is a huge cemetery where are only crematoriums working.

Who needs green buck when the US economy collapsed?

A simple flu with lethality 2%?
The sad truth is Chinese mix the statistic of common seasonal flu with Coronavirus which lethality is very high.

Now that the virus has spread outside of China we should get more reliable data regarding death rates.

There is one school of thought that says there should be no effort to contain the spread of the virus. Let it go, it will kill who it kills (generally elderly, people with diabetes and respiratory issues), but the economic damage would be greatly mitigated if millions of people aren’t being quarantined.

 

[BuckToothMoron]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

The dollar may well get stronger. It is the reserve currency for the world, and no other fiat currency is stronger or more respected as a store of wealth. Of course Gold will be the real winner, as we have seen over the last few weeks. Other countries are buying gold, but not investors in the US. What do you think will happen to gold prices when people in this country start buying?

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

Lol.... Oh dear someone has sold you quite the bill of goods. The false economy that depends on cheap Chinese goods is the main reason our GDP growth is sluggish. Take those instant goods away and you wake up the American manufacturing machine.

Jo

You also unleash massive inflation. The reason we get so many things from China is because they can be produced for so much less. Ergo the net GDP would likely not increase at all.

 

[BuckToothMoron]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

The dollar may well get stronger. It is the reserve currency for the world, and no other fiat currency is stronger or more respected as a store of wealth. Of course Gold will be the real winner, as we have seen over the last few weeks. Other countries are buying gold, but not investors in the US. What do you think will happen to gold prices when people in this country start buying?

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

 

[justoffal]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

The dollar may well get stronger. It is the reserve currency for the world, and no other fiat currency is stronger or more respected as a store of wealth. Of course Gold will be the real winner, as we have seen over the last few weeks. Other countries are buying gold, but not investors in the US. What do you think will happen to gold prices when people in this country start buying?

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

The Central Bank approves huge amounts of money in the government sector every year for the purchase of manufactured goods from Chinese companies. Those purchases have no place to go so they get stored in warehouses. One case in point is copper wire. China controls the market globally on copper. So much copper wire has been manufactured in China that there is currently now a 10-year backlog in the warehouses. Truth is copper wire should be cheap as dirt but because they control the inventory the price of copper wire has skyrocketed recently. This is the extra charge you see on your electric bill monthly for distribution services... It's not so much the cost of producing the electricity it's the cost of maintaining the huge copper wire grid that Services your area.

This is how they prop up the companies.
left to their own device they all would have gone bankrupt a long time ago.

Jo

 

[justoffal]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

The dollar may well get stronger. It is the reserve currency for the world, and no other fiat currency is stronger or more respected as a store of wealth. Of course Gold will be the real winner, as we have seen over the last few weeks. Other countries are buying gold, but not investors in the US. What do you think will happen to gold prices when people in this country start buying?

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

Lol.... Oh dear someone has sold you quite the bill of goods. The false economy that depends on cheap Chinese goods is the main reason our GDP growth is sluggish. Take those instant goods away and you wake up the American manufacturing machine.

Jo

You also unleash massive inflation. The reason we get so many things from China is because they can be produced for so much less. Ergo the net GDP would likely not increase at all.

Not inflation....correction. The flood of cheap goods misrepresents the cost of labor in the price of the purchase. True cost of labor here in the United States includes The EPA, OSHA,
Department of labor, FDA....and so forth.
All we have done is throw a blanket over the true cost... in time the gross domestic product would reflect the true cost of production creating a much higher GDP reflected in dollars rather than Chinese currency the way it is now.

If what you're saying is that the dollar would buy less as a result I suppose that's true.
However we are only fooling ourselves by borrowing against our own demise.

Jo

 

[BuckToothMoron]

The dollar may well get stronger. It is the reserve currency for the world, and no other fiat currency is stronger or more respected as a store of wealth. Of course Gold will be the real winner, as we have seen over the last few weeks. Other countries are buying gold, but not investors in the US. What do you think will happen to gold prices when people in this country start buying?

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

The Central Bank approves huge amounts of money in the government sector every year for the purchase of manufactured goods from Chinese companies. Those purchases have no place to go so they get stored in warehouses. One case in point is copper wire. China controls the market globally on copper. So much copper wire has been manufactured in China that there is currently now a 10-year backlog in the warehouses. Truth is copper wire should be cheap as dirt but because they control the inventory the price of copper wire has skyrocketed recently. This is the extra charge you see on your electric bill monthly for distribution services... It's not so much the cost of producing the electricity it's the cost of maintaining the huge copper wire grid that Services your area.

This is how they prop up the companies.
left to their own device they all would have gone bankrupt a long time ago.

Jo

Can you post your sources please?

 

[Zorro!]

No.

The dollar is a safe-haven currency. People buy it when there is panic.

Even Chinese People.

Our Deadly Out of Control Executive Agencies:

Why are we letting FDA regulations limit our number of coronavirus tests?

Since CDC and FDA haven’t authorized public health or hospital labs to run the coronavirus tests, right now #CDC is the only place that can. So, screening has to be rationed. Our ability to detect secondary spread among people not directly tied to China travel is greatly limited.​

That is from Scott Gottlieb, former commissioner of the FDA, and also from Scott:

#FDA and #CDC can allow more labs to run the RT-PCR tests starting with public health agencies. Big medical centers can also be authorized to run tests under EUA. For now they’re not permitted to run the tests, even though many labs can do so reliably 9/9 https://cdc.gov/coronavirus/2019-ncov/lab/rt-pcr-detection-instructions.html​

How Unnecessary Regulation Kills.

Here is further information about the obstacles facing the rollout of testing. And read here from a Harvard professor of epidemiology, and here. This a difficult matter to get to the bottom of. No disputes that America is not conducting many tests, and is not in a good position to scale up those tests rapidly, and some of those obstacles are regulatory.

Why oh why are we messing around with this one?

 

[justoffal]

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

The Central Bank approves huge amounts of money in the government sector every year for the purchase of manufactured goods from Chinese companies. Those purchases have no place to go so they get stored in warehouses. One case in point is copper wire. China controls the market globally on copper. So much copper wire has been manufactured in China that there is currently now a 10-year backlog in the warehouses. Truth is copper wire should be cheap as dirt but because they control the inventory the price of copper wire has skyrocketed recently. This is the extra charge you see on your electric bill monthly for distribution services... It's not so much the cost of producing the electricity it's the cost of maintaining the huge copper wire grid that Services your area.

This is how they prop up the companies.
left to their own device they all would have gone bankrupt a long time ago.

Jo

Can you post your sources please?

Not ignoring you

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

The Central Bank approves huge amounts of money in the government sector every year for the purchase of manufactured goods from Chinese companies. Those purchases have no place to go so they get stored in warehouses. One case in point is copper wire. China controls the market globally on copper. So much copper wire has been manufactured in China that there is currently now a 10-year backlog in the warehouses. Truth is copper wire should be cheap as dirt but because they control the inventory the price of copper wire has skyrocketed recently. This is the extra charge you see on your electric bill monthly for distribution services... It's not so much the cost of producing the electricity it's the cost of maintaining the huge copper wire grid that Services your area.

This is how they prop up the companies.
left to their own device they all would have gone bankrupt a long time ago.

Jo

Can you post your sources please?

Question: What USA can manufacture in the time when almost all supply chains depend on Chinese supplies?
If the situation with the Coronavirus continues most of companies go bankrupt
The chaos arises..

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

The Central Bank approves huge amounts of money in the government sector every year for the purchase of manufactured goods from Chinese companies. Those purchases have no place to go so they get stored in warehouses. One case in point is copper wire. China controls the market globally on copper. So much copper wire has been manufactured in China that there is currently now a 10-year backlog in the warehouses. Truth is copper wire should be cheap as dirt but because they control the inventory the price of copper wire has skyrocketed recently. This is the extra charge you see on your electric bill monthly for distribution services... It's not so much the cost of producing the electricity it's the cost of maintaining the huge copper wire grid that Services your area.

This is how they prop up the companies.
left to their own device they all would have gone bankrupt a long time ago.

Jo

Can you post your sources please?

I purchase copper wire.... Can't say too much more. Your request is totally reasonable though....start by reading this guy.

https://themarket.ch/interview/the-...te-in-china-is-already-below-3-percent-ld.416

Jo

 

[BuckToothMoron]

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

The Central Bank approves huge amounts of money in the government sector every year for the purchase of manufactured goods from Chinese companies. Those purchases have no place to go so they get stored in warehouses. One case in point is copper wire. China controls the market globally on copper. So much copper wire has been manufactured in China that there is currently now a 10-year backlog in the warehouses. Truth is copper wire should be cheap as dirt but because they control the inventory the price of copper wire has skyrocketed recently. This is the extra charge you see on your electric bill monthly for distribution services... It's not so much the cost of producing the electricity it's the cost of maintaining the huge copper wire grid that Services your area.

This is how they prop up the companies.
left to their own device they all would have gone bankrupt a long time ago.

Jo

Can you post your sources please?

Not ignoring you

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

The Central Bank approves huge amounts of money in the government sector every year for the purchase of manufactured goods from Chinese companies. Those purchases have no place to go so they get stored in warehouses. One case in point is copper wire. China controls the market globally on copper. So much copper wire has been manufactured in China that there is currently now a 10-year backlog in the warehouses. Truth is copper wire should be cheap as dirt but because they control the inventory the price of copper wire has skyrocketed recently. This is the extra charge you see on your electric bill monthly for distribution services... It's not so much the cost of producing the electricity it's the cost of maintaining the huge copper wire grid that Services your area.

This is how they prop up the companies.
left to their own device they all would have gone bankrupt a long time ago.

Jo

Can you post your sources please?

China already had 1000’s of private companies on the verge of bankruptcy. Killing weeks, if not months of business will likely push more over the cliff.

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

The Central Bank approves huge amounts of money in the government sector every year for the purchase of manufactured goods from Chinese companies. Those purchases have no place to go so they get stored in warehouses. One case in point is copper wire. China controls the market globally on copper. So much copper wire has been manufactured in China that there is currently now a 10-year backlog in the warehouses. Truth is copper wire should be cheap as dirt but because they control the inventory the price of copper wire has skyrocketed recently. This is the extra charge you see on your electric bill monthly for distribution services... It's not so much the cost of producing the electricity it's the cost of maintaining the huge copper wire grid that Services your area.

This is how they prop up the companies.
left to their own device they all would have gone bankrupt a long time ago.

Jo

Can you post your sources please?

I purchase copper wire.... Can't say too much more. Your request is totally reasonable though....start by reading this guy.

«The Real Economic Growth Rate in China is Already Below 3 Percent» | The Market

Jo

Excellent article! Thanks.

Reminds me of the broken window theory in which replacing broken windows doesn’t create real GDP growth, because there is no corresponding value to the money spent repairing what was lost.

 

[Deplorable Yankee]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

Europeans uh boy....I wouldn't worry about us so much

The Italian government has been defending its handling of the crisis, even as it worries over its increasing cases. The government has not been able to locate the origin of the outbreak clustered in northern Italy.

Several other European countries — including Greece, Austria, Croatia and Switzerland — have reported their first coronavirus cases Tuesday from people who had also recently visited the northern Italy.

The hard-hit Lombardy region, where 10 towns are on army-manned lockdown, still had the most cases with 258. But Veneto saw a spike of 28 new cases overnight, bringing its total to 71.

The Italian national health officials are battling to contain panic among Italians who are stocking up on bottled water and nonperishable food.

Pasqual !Ya dont friggin say
1
Read all at
Wapo ......a Ministry of current truth flagship
https://www.washingtonpost.com/life...36d498-4eb6-11ea-b721-9f4cdc90bc1c_story.html

Wall street journal reporting it crossed the alps

 

[justoffal]

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

The Central Bank approves huge amounts of money in the government sector every year for the purchase of manufactured goods from Chinese companies. Those purchases have no place to go so they get stored in warehouses. One case in point is copper wire. China controls the market globally on copper. So much copper wire has been manufactured in China that there is currently now a 10-year backlog in the warehouses. Truth is copper wire should be cheap as dirt but because they control the inventory the price of copper wire has skyrocketed recently. This is the extra charge you see on your electric bill monthly for distribution services... It's not so much the cost of producing the electricity it's the cost of maintaining the huge copper wire grid that Services your area.

This is how they prop up the companies.
left to their own device they all would have gone bankrupt a long time ago.

Jo

Can you post your sources please?

Not ignoring you

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

The Central Bank approves huge amounts of money in the government sector every year for the purchase of manufactured goods from Chinese companies. Those purchases have no place to go so they get stored in warehouses. One case in point is copper wire. China controls the market globally on copper. So much copper wire has been manufactured in China that there is currently now a 10-year backlog in the warehouses. Truth is copper wire should be cheap as dirt but because they control the inventory the price of copper wire has skyrocketed recently. This is the extra charge you see on your electric bill monthly for distribution services... It's not so much the cost of producing the electricity it's the cost of maintaining the huge copper wire grid that Services your area.

This is how they prop up the companies.
left to their own device they all would have gone bankrupt a long time ago.

Jo

Can you post your sources please?

They have always been on the verge it's the Central Bank of China that props them up synthetically.

Jo

Actually that’s not the case at all. Chinese banks do not generally loan to private sector companies without loan guarantees from other companies. That has caused the bankruptcy contagion to spread.

Private firms’ funding options are somewhat constrained because banks are reluctant to lend to the non-state sector, said Yang Zaiping, secretary-general of Beijing-based Asian Financial Cooperation Association, which comprises financial institutions from about 30 countries.
China’s private firms going bankrupt after guaranteeing others’ loans

The Central Bank approves huge amounts of money in the government sector every year for the purchase of manufactured goods from Chinese companies. Those purchases have no place to go so they get stored in warehouses. One case in point is copper wire. China controls the market globally on copper. So much copper wire has been manufactured in China that there is currently now a 10-year backlog in the warehouses. Truth is copper wire should be cheap as dirt but because they control the inventory the price of copper wire has skyrocketed recently. This is the extra charge you see on your electric bill monthly for distribution services... It's not so much the cost of producing the electricity it's the cost of maintaining the huge copper wire grid that Services your area.

This is how they prop up the companies.
left to their own device they all would have gone bankrupt a long time ago.

Jo

Can you post your sources please?

I purchase copper wire.... Can't say too much more. Your request is totally reasonable though....start by reading this guy.

«The Real Economic Growth Rate in China is Already Below 3 Percent» | The Market

Jo

Excellent article! Thanks.

Reminds me of the broken window theory in which replacing broken windows doesn’t create real GDP growth, because there is no corresponding value to the money spent repairing what was lost.

I don't blame the Chinese for doing anything and everything they can to get some advantage....good god they sure have their plate full over there. There's no doubt that if we could break through the local power clusters that separate the nation from the central government and get rid of the totalitarian ideologies....we as a global community would be looking at the greatest leap forward in goods and services in history...bar none. I have no idea how we can go from here to there however. I'd like to say a little more about my personal experience with purchasing from them but I probably shouldn't....too many details violates my agreement not to post about that stuff on the internet.....get me fired....lol.

JO

 

[Zorro!]

Guess what can happen to Dollar without supplies from China. Numerous supply chains are dead.
Which branch of industry can survive at the longest? And Trump of course can forget to be reelected.


U.S. National Debt Clock : Real Time.

And yet, Safe Haven Trade has pushed Ten-year US Treasury strength—the benchmark for global financing—to it's strongest point ever recorded despite records going back to 1871. Yale University economist Robert Shiller.