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Economic Worries in China as Companies Pile Up Debt
GUANGZHOU, China, Sept. 3 — Looming through the gray smog of every big Chinese city these days, high above the incessant rattle of jackhammers, are the construction cranes, slowly swinging back and forth over huge steel and concrete boxes wrapped with fine lattices of bamboo scaffolding.
The question here and across the country, though, is how much longer the cranes will stay busy, and with them an economy that is powering a big chunk of the world's growth and terrifying trading partners from Tokyo to Washington to Brussels. More....
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Economic Worries in China as Companies Pile Up Debt
Cledit Bubbre Glows in China
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#3
Hypertiger 
- Assistant Professor of Stock Proctology
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- Group: Banned
- Posts: 3,270
- Joined: 16-July 02
Posted 04 September 2003 - 04:21 PM
Banking is the ART of choking hapless victims to get your rocks off but stopping before they pass out or die then letting them recover and starting all over again...
Eventually the homicidal frenzy must be accepted...you must murder hapless victims and blame other hapless victims for the crime or you will be found out and murdered...
No one is smart enough to make fractional reserve banking work... at least how the hapless victims are fooled into thinking how it works...
To survive, ultimately you must be ruthless, diabolical and maintain a high level of contempt plain and simple...or you will surely become a hapless victim.
The system is the cause and when you open your eyes in the morning that is the effect...
Fractional reserve banking is designed to benifit the minimum at the expense of the maximum...
Eventually the homicidal frenzy must be accepted...you must murder hapless victims and blame other hapless victims for the crime or you will be found out and murdered...
No one is smart enough to make fractional reserve banking work... at least how the hapless victims are fooled into thinking how it works...
To survive, ultimately you must be ruthless, diabolical and maintain a high level of contempt plain and simple...or you will surely become a hapless victim.
The system is the cause and when you open your eyes in the morning that is the effect...
Fractional reserve banking is designed to benifit the minimum at the expense of the maximum...
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...
#4
FauxCaster
- Doctor of Stock Proctology
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- Group: Members
- Posts: 2,747
- Joined: 03-December 02
Posted 04 September 2003 - 10:22 PM
What would a banking thread be with out ol' Hypertiger!
But what will China's debt do to the currency situation? If debt is growing is the dollar really overvalued relatively?
But what will China's debt do to the currency situation? If debt is growing is the dollar really overvalued relatively?
"WE ARE BEING KEPT ALIVE by the Entropic movement of Dark Matter(Sino-Nippo-dollar purchasing of $UST)---as soon as there is a ringing sound,a sign of an clogged artriosclerotic wormhole on the emergency fiat-meter it will end--dynamic equilibrium,will have been achieved;better known as death" -- beardrech (Mar 15 2006, 01:17 AM)
"There's a good chance he was drunk or drugged. Only an idiot would jump into the bear cage." -- Belgrade Zoo Director Vuk Bojovic (August 20, 2007).
It's like you're dreamin' about Gorgonzola cheese when it's clearly Brie time, baby. -- Hitchhiker (S.A.M. 1998)
Mar 28 2003: July 2003 is the time I have identified as the low of the bear move...then the first leg of the bear is over ...many will be caught by surprise to see the market near it's all time high again within 3-4 years [2007] ..."depression" similar to 1932 doesn't come until 2010. -- blackbelt (Mar 28 2003, 10:05 PM)
"There's a good chance he was drunk or drugged. Only an idiot would jump into the bear cage." -- Belgrade Zoo Director Vuk Bojovic (August 20, 2007).
It's like you're dreamin' about Gorgonzola cheese when it's clearly Brie time, baby. -- Hitchhiker (S.A.M. 1998)
Mar 28 2003: July 2003 is the time I have identified as the low of the bear move...then the first leg of the bear is over ...many will be caught by surprise to see the market near it's all time high again within 3-4 years [2007] ..."depression" similar to 1932 doesn't come until 2010. -- blackbelt (Mar 28 2003, 10:05 PM)
#5
Pere Ubu
- Stock Proctology Intern
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- Group: Banned
- Posts: 205
- Joined: 30-August 03
Posted 04 September 2003 - 11:57 PM
FauxCaster, on Sep 4 2003, 09:22 PM, said:
What would a banking thread be with out ol' Hypertiger!
But what will China's debt do to the currency situation? If debt is growing is the dollar really overvalued relatively?
But what will China's debt do to the currency situation? If debt is growing is the dollar really overvalued relatively?
Or a reference to the historical inevitability of the Plan of Pata-Economics by Pere Ubu.
The growth of the British, US, Japanese, German, and Korean capitalist economies weren't smooth and orderly rational progressions.
Anything but. I'd be surprised if it turned out any different in China.
#6
Hypertiger
- Assistant Professor of Stock Proctology
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- Group: Banned
- Posts: 3,270
- Joined: 16-July 02
Posted 05 September 2003 - 01:13 AM
Every economy that has ever existed and will ever exist is a capitalist economy...
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...
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