Menu Close

One Thing’s for Sure: The Commies Know How to Throw a Party!!! (aka “The Lujiazui Financial Forum”) – Spock – Bears Chat

Ya gotta hand it to the Communist Chinese: for, as shown here:

http://www.lujiazuif…/lujiazuiforum/

…they are currently throwing one heck of a caviar-and-champagne-fest, under the guise of an “Economic Reform Forum”.

However, infesting this little get-together is every single Western Pigman bankster and his brother, all offering their “fixes” for the Global Monetary Ponzi System.

None of said “fixes”, though, include:

1. Abolishing fiat currencies and reverting to a specie-backed money.

2. Outlawing fraudulent fractional reserve lending practices.

3. Dismantling criminal central bank enterprises

4. Shutting down the “Shadow Banking” system of securitization/derivatives

…of course.

Speaking of that not-so-little Shadow Banking issue, here is a link to a talk from the meeting:

http://www.lujiazuif…/155603193.html

…whereby it is revealed that China’s Shadow Bank system has amassed a whopping, eye-popping:

THIRTY-TRILLION YUAN

….(or approximately five-trillion U.S. fiatscos) of debt, all backed by such “sure-fire” investments as empty cities and exotic CDO-type instruments.

Hmmm, what could possibly go wrong with that?

Yet, this revelation isn’t what shocked a jaded and cynical Spock. Nope, that honor goes to this little-known secret, also revealed between sips of Moet and mouthfuls of Beluga:

http://www.lujiazuif…/155609036.html

And that is that China–whom a naive Spock thought was “debt free”–has a staggering:

TWO-HUNDRED AND TWENTY-PERCENT DEBT-TO-GDP RATIO!!

…proving that even so-called “Prudent Commies” are running their own–albeit somewhat smaller than other nation’s–Ponzi Monetary System.

(Spock Conclusion): Don’t  be lookin’ for no real reform to come from this gathering. Rather, simply expect more of the same, with the addition of a few hangovers and indigestion on the part of the AlphaPig attendees.

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading