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Frank.Karl.S
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China Banking Crisis "Almost" Certain Says Senior International Economist; Global Banking Crisis "Is - Mish - Global Economic Analysis

An implosion or reset seems imminent but keep in mind the Chinese gold hoard. When the s hits the fan, remember the golden rule. Curious if the opening of the Shanghai gold exchange on Sept. 22, trading only in metal, will affect the western paper ponzi? I think the reset is a lot closer than people think. Could be tomorrow, days, or weeks but doubt a valid argument for years exists. Also heard on the grape vine that as part of favored nation status, China, in 2003, leased several hundred million ounces of silver to the US on a 10 year term expiring Dec.31.13? US is in default. Has itself leased the silver. Chinese are angry. Also reports that Shanghai silver exchange reduced from 33 million oz to 2.9 million oz in last year. Chinese imports for industrial use reported 2 million oz per month. Predictions of real metal shortage thereafter. I wonder if we will make it past the end of the year?

youtube.com/watch?v=aZwSiHBxm0c&list=UUG-G8LLr38fQUNZU8K0t-EA

Commented 3692 days ago

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Beginning of the headline :The Sydney Morning Herald warns about a 'clear and present danger': Australia to be Hit as Chinese Economy Unravels Speaking at a conference on Thursday, the federal government's former top resources forecaster Quentin Grafton said the iron ore price was unlikely to recover quickly, leading to a painful downturn in the Australian economy in 2015. "This isn't about doom and gloom, it's about looking at the risk and numbers. It's a clear and present danger," Mr Grafton said. He said the Reserv... Read More

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