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Bank Of China Declares Moratorium On Transfers, Online Banking; Counters Inoperable
06-24-2013, 04:53 PM #16
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
The implications of this could be damned.gif scarey to put it mildly. If China's banks default the US is screwed. But someone smacked PMs knowing what China was maybe up to.
06-24-2013, 04:55 PM #17
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
yes screwed big time...i hope we even have a few beans to eat damned.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
06-24-2013, 05:01 PM #18
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
(06-24-2013, 04:55 PM)j browsing Wrote:  yes screwed big time...i hope we even have a few beans to eat damned.gif


It's just me speculating jb hug.gif on possible outcomes, trying to put pieces together of a puzzle. I'm more often wrong than right rofl.gif but doesn't hurt to think about possibilities.

hug.gif
06-24-2013, 05:03 PM #19
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
and I wanted to make bean soup chuckle.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
06-24-2013, 05:03 PM #20
yankees skier
Posts:5,889 Threads:215 Joined:Feb 2011
Is John Corzine working there now? chuckle.gif

Biere.
Jessica6. Show this Post
06-24-2013, 05:24 PM #21
Jessica6. Incognito Anonymous
 
(06-24-2013, 04:13 PM)j browsing Wrote:  well i know that article was just a smooth it over..i think your right about this china appears to be in a full b lown credit crisis damned.gif


I was reading this one over the weekend - it's pretty lengthy and worth reading:

Chinese Interbank Markets Having a Heart Attack, Repo and Shibor Skyrocket, Could Trigger Bigger Unraveling

http://www.nakedcapitalism.com/2013/06/c...eling.html
Anonymous Kritter Show this Post
06-24-2013, 05:33 PM #22
Anonymous Kritter Incognito Anonymous
 

Chinagov is cracking down on the shadow money markets and what is happening now is the fall out.


The Bronze Swan Arrives: Is The End Of Copper Financing China's "Lehman Event"?
http://www.zerohedge.com/news/2013-05-23...hman-event from 05/23/2013

Via Jim Rickards Twitter Feed:
"Gold banks scare little guy to sell GLD, redeem for physical, sell physical to Asia at a premium. Nice work if you can get it."

Interesting comments on gold start at around 5.20 min





06-24-2013, 05:35 PM #23
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
(06-24-2013, 05:24 PM)Jessica6. Wrote:  I was reading this one over the weekend - it's pretty lengthy and worth reading:

Chinese Interbank Markets Having a Heart Attack, Repo and Shibor Skyrocket, Could Trigger Bigger Unraveling

http://www.nakedcapitalism.com/2013/06/c...eling.html


Good find AK. Seems Bernanke signaled the end of the party, coinciding(?) with Friday's massive sell off of commodities.
Every market has a copper top.
06-24-2013, 05:39 PM #24
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
iagree.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png



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