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Chinese “Ghost Collateral” Scam Leads To Market “Shockwaves”, Huge Loss For Giant Commodity Trader
Chinese “Ghost Collateral” Scam Leads To Market “Shockwaves”, Huge Loss For Giant Commodity Trader Back in 2014, a scandal erupted when media reports confirmed what many had previously speculated about China’s banking system: namely that much of China’s staggering loan issuance had been built (literally) upon air and that trillions in loan collateral had been […]
China Rising: Global Opportunity or Global Threat?
China Rising: Global Opportunity or Global Threat? The recent tightly scripted 19th Chinese Communist Party National Congress has generally been viewed as evidence and celebration of the rise to great power of Chinese President Xi Jinping. President Xi is in ascendance. But what does that really mean for China and the rest of us. It’s far […]
Is It Insanity, Evil, or Both that Has the Western World in Its Grip
Is It Insanity, Evil, or Both that Has the Western World in Its Grip As the presstitute media has no allegiance to truth, one has to wonder if we can even believe obituaries. For what it is worth, perhaps nothing, the presstitutes report that three US aircraft carrier battle groups are off North Korea […]
What Could Pop The Everything Bubble?
What Could Pop The Everything Bubble? A crisis that can’t be solved by just printing more dollars I’ve long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the […]
The World’s New Reserve Currency? Everything You Need To Know About PetroYuan
The World’s New Reserve Currency? Everything You Need To Know About PetroYuan Earlier this week, we pointed out that the ‘PetroYuan’ is on the verge of becoming reality with Graticule’s Adam Levinson noting that the birth of a yuan-denominated oil contract will be a “huge story” in the fourth quarter, and will be a “wake […]
Kyle Bass Warns: Xi Has “Built The Chinese Economy On A Foundation Of Sand”
Kyle Bass Warns: Xi Has “Built The Chinese Economy On A Foundation Of Sand” Earlier this week, Chinese leader Xi Jinping became the third ruler in the communist country’s history to have his named enshrined in its constitution – and the first to receive this honor while still alive. But as China celebrates its most […]
China’s Minsky Moment
CHINA’S MINSKY MOMENT Sometimes you have to love the naivety of the markets. At this week’s Communist Party Congress meeting in Beijing, the governor of the PBoC (People’s Bank of China) said the following; “If we are too optimistic when things go smoothly, tensions build up, which could lead to a sharp correction, what we […]
China’s rise, America’s fall
China’s rise, America’s fall Will the rise of China mean the fall of America? In a word, yes. Although decline might be more accurate. Why do I think this? Because China is about to launch the PetroYuan and when it does the demand for dollars and for dollar denominated debt will shrink. When it does, […]
Kotlikoff: America in Worse Financial Shape than Russia or China – Peter Diekmeyer
Kotlikoff: America in Worse Financial Shape than Russia or China America’s 2017 fiscal gap will come in near $6 trillion, nine times higher than the $666 billion deficit announced by the US Department of the Treasury last week, says Laurence Kotlikoff, an economics professor at Boston University. “Our country is broke,” says Kotlikoff, who estimates […]
“It’s A Huge Story”: China Launching “Petroyuan” In Two Months
“It’s A Huge Story”: China Launching “Petroyuan” In Two Months As a reminder, nothing lasts forever… The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system. “The dominance of the greenback is the root cause of global financial […]
One River CIO “We’re Willing Participants In Our Own Demise”
One River CIO “We’re Willing Participants In Our Own Demise” With the world’s focus falling on Beijing this week, where president Xi Jinping give a glowing account of China’s future during the 19th Party Congress, boasting that “the banner of scientific socialism with Chinese characteristics is now flying high and proud for all to see,” […]
Unprecedented Housing Bailout Revealed, As China Property Sales Drop For First Time In 30 Months
Unprecedented Housing Bailout Revealed, As China Property Sales Drop For First Time In 30 Months Back in March, we explained why the “fate of the world economy is in the hands of China’s housing bubble.” The answer was simple: for the Chinese population, and growing middle class, to keep spending vibrant and borrowing elevated, it […]
China and Russia: Full Steam Ahead Towards a Cashless Society
China and Russia: Full Steam Ahead Towards a Cashless Society We reported back in November 2016 – Cashless World: 1 out of 3 People Never Use Cash – fewer and fewer people understand the importance of using cash to protect themselves from an overarching government warlord. At the time China’s use of digitized currency was growing […]
Global Powers Take Next Step to Dethrone U.S. and the Dollar
Global Powers Take Next Step to Dethrone U.S. and the Dollar China, Russia, and Saudi Arabia are rapidly aligning in response to trade sanctions and political discord from western nations. Together, they could soon bring a dramatic end to the global supremacy of America and the U.S dollar. Foreign leaders have been laying the groundwork […]
