We Can Print Money, Give It To The Chinese, And Then They Can Loan It Back To Us

Here’s something to watch in 2014: China’s debt. Although the odds of a full-blown financial crisis are slim, they’re not non-existent. The flash point is the burgeoning debt of Chinese localities to finance major infrastructure — roads, bridges, water and sewer systems, subways, telecommunications networks — as well as housing and commercial real estate developments. The fear is that revenues from these projects won’t be adequate to repay the loans, resulting in defaults that undermine confidence and trigger bank runs. This would surely rattle the broader global economy.

A China debt crisis in 2014?

About stevengoddard

Just having fun
This entry was posted in Uncategorized. Bookmark the permalink.

5 Responses to We Can Print Money, Give It To The Chinese, And Then They Can Loan It Back To Us

  1. Rosco says:

    I listened to the scare stories about a Japanese debt crisis, Europe and UK debt crisis, then a US debt crisis and now the scary story is the Chinese debt crisis.

    God knows what happened over the Soviet debt crisis.

    I’m more confused than ever.

  2. Karl W. Braun says:

    Meanwhile, the Chinese can continue to “invest” in America with their largess, for “there’s nothing that can’t be bought for the right price”:
    http://www.abs-cbnnews.com/business/01/01/14/chinese-tycoon-wants-buy-new-york-times

  3. gator69 says:

    “Check kiting is a form of check fraud, involving taking advantage of the float to make use of non-existent funds in a checking or other bank account. In this way, instead of being used as a negotiable instrument, checks are misused as a form of unauthorized credit.”

    http://en.m.wikipedia.org/wiki/Check_kiting

  4. gofer says:

    I went to buy some ammunition for a pistol I bought some while ago, after seeing the price I am going to put up a sign that reads, “Due to the price increase on ammunition don’t expect a warning shot.”

    • Paul in Sweden says:

      “Due to the price increase on ammunition don’t expect a warning shot.” +++ I like that one better than bang, bang, bang stop or I will shoot you again!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s