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(Yahoo)   China saw how much financial fun the US had after letting banks hide risky assets from balance sheets, and decides they want to play too   (ca.finance.yahoo.com) divider line 16
    More: Scary, balance sheets, loans, commercial banks, banking institution, money markets, trust companies, Pudong, Fitch Ratings  
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1428 clicks; posted to Business » on 08 Apr 2013 at 9:47 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-08 09:52:48 AM
This will end well.
 
2013-04-08 10:06:45 AM
 
2013-04-08 10:07:53 AM
So, how long before everyone realizes that China isn't the big beefy superpower that it seems to be but is instead the world's largest Ponzi scheme?
 
2013-04-08 10:10:51 AM
It's not so much of a Ponzi scheme as a country trying desperately to generate the wealth needed to deal with a swiftly aging population.  The whole one child policy plus natural demographics of an increasingly educated society are going to bite them very very hard in twenty years and they know it.
 
2013-04-08 10:21:29 AM

Skail: This will end well.


There's a potential silver lining here...when the international market devalues the Yuan to something like its real value, China's exports will start climbing again.
 
2013-04-08 10:25:04 AM
At least they'll shoot the bankers when it all goes tits up.
 
2013-04-08 11:01:25 AM

gshepnyc: At least they'll shoot the bankers when it all goes tits up.


That was my first thought, though there may not be sufficient think behind the thought I thunk.

/apologies to Dr. S
 
2013-04-08 03:05:52 PM

Odd Bird: gshepnyc: At least they'll shoot the bankers when it all goes tits up.

That was my first thought, though there may not be sufficient think behind the thought I thunk.

/apologies to Dr. S


No, and I was only being (mostly) facetious. I don't support the death penalty even for murderers, but the Chinese have used it plenty for business shenanigans that reflect poorly on their country.
 
2013-04-08 03:18:20 PM

Stone Meadow: Skail: This will end well.

There's a potential silver lining here...when the international market devalues the Yuan to something like its real value, China's exports will start climbing again.


And we will be able to pay back our debt at pennies on the dollar.
 
2013-04-08 03:21:49 PM

coolcashiat77: Stone Meadow: Skail: This will end well.

There's a potential silver lining here...when the international market devalues the Yuan to something like its real value, China's exports will start climbing again.

And we will be able to pay back our debt at pennies on the dollar.


Unfortunately, I believe our debt they hold is in US dollars, so no free lunch...and in fact, it's helping prop up the Yuan.
 
2013-04-08 03:47:00 PM
Well f*ck.

Say goodbye to the entire planetary economy, folks.

The apocalypse-jackoffers are gonna have all their wildest dreams come true.
 
2013-04-08 04:48:39 PM

Incontinent_dog_and_monkey_rodeo: It's not so much of a Ponzi scheme as a country trying desperately to generate the wealth needed to deal with a swiftly aging population.  The whole one child policy plus natural demographics of an increasingly educated society are going to bite them very very hard in twenty years and they know it.


It will probably be a lot sooner given their lack of environmental controls, right now is a very good time to be an epidemiologist in China.
 
2013-04-08 05:49:16 PM
That might explain why so many wealthy Chinese are pouring money into American real estate right now.
 
2013-04-08 11:18:53 PM

Stone Meadow: coolcashiat77: Stone Meadow: Skail: This will end well.

There's a potential silver lining here...when the international market devalues the Yuan to something like its real value, China's exports will start climbing again.

And we will be able to pay back our debt at pennies on the dollar.

Unfortunately, I believe our debt they hold is in US dollars, so no free lunch...and in fact, it's helping prop up the Yuan.


China does not hold that much US debt any more, they used to but they have been reducing it. I think that it is about 1.2 trillion now, but I'm too lazy to Google the exact figure.
 
2013-04-08 11:25:47 PM
Call me when I can short a mortgage-backed security in RMB.
 
2013-04-09 03:31:09 AM

KarmicDisaster: Stone Meadow: coolcashiat77: Stone Meadow: Skail: This will end well.

There's a potential silver lining here...when the international market devalues the Yuan to something like its real value, China's exports will start climbing again.

And we will be able to pay back our debt at pennies on the dollar.

Unfortunately, I believe our debt they hold is in US dollars, so no free lunch...and in fact, it's helping prop up the Yuan.

China does not hold that much US debt any more, they used to but they have been reducing it. I think that it is about 1.2 trillion now, but I'm too lazy to Google the exact figure.


1.25 Trillion, which is about as high as its ever been.  China "holding our debt" is a seriously overblown fear mongering tactic of the media.

/ not that its insignificant, but they will not be foreclosing or controlling our politics because of this amount of debt.
 
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