Ya gotta hand it to the Communist Chinese: for, as shown here:
…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
Speaking of that not-so-little Shadow Banking issue, here is a link to a talk from the meeting:
…whereby it is revealed that China’s Shadow Bank system has amassed a whopping, eye-popping:
….(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:
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.
Read on →