-
ARE CHINESE BANKS A SAFE BET?
Posted by julian on July 14, 2009 in Economy
I can tell you one thing; local Chinese don’t think so. The vast majority still hides their money under the mattress and pays cash for all their purchases from a two cent bowl of rice to the $200,000 house in a swanky Shanghai suburb. Banks are for multi-national corporations, central, state and city government-owned enterprises. [...]
-
GEITHNER ON A MISSION SUCKING UP TO THE CHINESE
With China claiming they are so worried about the value of its roughly $1.4 trillion of treasury bonds, and the mood of the Federal Reserve to print money to solve our economic ills, if I were Timothy Geithner, I would have asked Ben Bernanke to have cranked up the printing presses and dispatched a shipload [...]
-
Share
Our Photos
