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The Haney Group Hong Kong

The Haney Group Hong Kong

Communication

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  • Quarks of China’s Banks- Forum.thefreedictionary

    Communication, Communication Design

    http://forum.thefreedictionary.com/postst35611_Quarks-of-China-s-Banks-Forums-Adobe.aspx?find=unread Last week, two major discoveries were announced. First, physicists found compelling evidence that dark matter—which comprises some 95% of the universe, yet has never been directly seen or observed—may in fact be positrons, the detritus of colliding energy. Just as worms leave digested matter behind as proof they exist, electrons and antimatter leave behind positrons. Physicists are overjoyed at this significant discovery. As they see things, it clearly justifies the billion-dollar spectrometer aboard the International Space Station. The other discovery from last week came in Asia, where it was found that China’s foreign exchange reserves have reached an all-time high of $3.4 trillion. Western scientific economists, who have also been on a search—for where all the world’s stimulus money went—were horrified. Or perhaps gratified. There are two ways to weaken and kill something. One is to starve it of nutrients, cut off its calorie support and watch it wither away. The other is to force-feed it until it becomes toxic from excess calories that become fat. This overfeeding results in morbidity. It appears the West will attempt to kill the Chinese economy the latter way. China was just handed a credit downgrade by Fitch. If you read between the lines it was because they have too much liquidity, too much cash. The result: every other Chinaman is in the loan business. The official term for this is “shadow banking”, but on the street it means every CCP branch, every local business group, every locality and tens of millions of plain loan sharks are out there financing everyone’s “Chinese dream” at exorbitant interest rates. Usually these “loans” can only be paid off by raising fresh capital. Hence, a Ponzi-scheming army of Marco Polos has officially arrived in the East. Since China has the Renminbi fixed against the dollar, Federal Reserve Chairman Ben Bernanke is responding by pouring hot money into China, and it looks like Haruhiko Kuroda (the Governor of the Bank of Japan) will soon be following America’s lead. Because the Chinese government controls the flow of money into the country, it ends up holding tons of cash that it has no idea what to do with, and which it cannot spend in China—unless it wants to trigger inflation on a scale the world has never seen. Related articles:
    http://blogs.timesofisrael.com/119132/ http://www.youtube.com/watch?v=bKZwI3wEu6s http://www.good.is/posts/quarks-of-china-s-banks-youtube http://chirpstory.com/li/70930 http://forums.adobe.com/thread/1197838

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