Crisis China: Gold, Dollar & Runs on Chinese Banks

[damienrockaterror]

Totally false...this is disinfo. I was in Asia during this time and traveled all over China. People are trying to buy yuan not cash out. It is the dollar that people want out of. What the hell are you reading? Only an idiot would email you for information.

[stealthpakfa]

US will collapse, mark my words.

within 5 years. before 2014.

[ltmikepowell]

@stealthpakfa Hmm, interesting. How you know the timeline eh? 

[TigerInTree]

What a moron. Like many Koreans, they mistaken their wish as facts. China has no economic problem US does. Stop faking an expert.

[Growby10]

@TigerInTree - dude. do a favor to your entire race by plugging your worthless hole. u have an obvious inferiority complex... which your comments expose us to all. if u want to debate like a grown up...please go right ahead. but don't hide behind the youtube w/ your racist droll.

[TumisHumis]

@TigerInTree Yes, because the collapse of the U.S/E.U will result in China exporting their worthless plastics to... the moon? Any western collapse would be many times harder on the East.

[Goetzitdone]

Don't be afraid of the dollar declining there is plenty to go around online. Learn how from an expert in online marketing danagoetz....com

[hblue9999]

If this is true, this is the situation, I am exactly waiting for. I am an American citizen with some saving in American bank (about $200,000). I want to invest this money in China. its actually good news for me. I'll redrawn this money (dump US dollars, like Jim Rogers said) and buy Chinese yuan.

[datzfast]

relax china had 10 percent GDP growth despite, it might have very well been much higher if the US recession had not been artifically created.

[elthe]

please, share what audio clip you used for the background.

[sgwarrenb]

so, any updates? i see money moving into china again... those who sold n bot us$ is the biggest loser during this period...

[Growby10]

i have been updating my Twitter page..and Facebook w/ important news and commentary...please join me

[saifullah0308]

OMG if this really happen soon their will be panic situation in asian country and whole wide world,i live in malaysia will we be affected also???

[fuzzywzhe]

The US will not be able to raise interest rates. Say the US raised interest rates to just 10% - that would be 1.2 trillion dollars a year going directly to just interest payments to the Fed from the Federal government due to government debt - that's 1/3rd of the US revenue in taxes.

And why do you call it the Yuan? It's the Renminbi!

[sgwarrenb]

there's a crisis in china banking but that will be b'cos of the loose lending... read the report carefully, we are talking about investors taking out billions... china has trillions in saving!

i am from asia, our numbers are bad cos they are real. but i invite you to come over, you will still see lots of queue in good restaurant, ppl rushing to buy property, lots and lots of ppls at shopping mall buying bargains..

usa numbers look nicer but cant trust at all.. < 10% unemployment?!

[911truthseekers]

unemployment is at all time record high over 26% but the media is covering that fact up

[KLguy133]

Lan SG is just a white buttlicker

[tumondfs]

with 1.3 billion population, most of them save,

very questionable on your expectation?

US & EU in crisis, if add in Asia, this won't

be good for anyone.

[knightspy]

dont deposit money into a chinese bank unless you want it to go away! to some white collar criminal in china pocket , you have no recourse or protections at all when doing business with chinese banking -bank of china has robbed me 2 times they will just take your money and give you some lame excuse like one number is not correct , and you can t get your money where does it go , into bank of chinas back room , -chinese banks are operated by thieves who buy off communist gov investigators ,

[Tanarus20]

I ment.."People are wise to who the real crooks are".

[maxinatlanta]

We need to teach crooks to become human beings again.

[Tanarus20]

What blows me away is that are wise to who the real crooks are...The Federal Reserve"

If it comes to a riot...Pull out of the EU & dump the Feds as our monotary system!

[vsaldanas]

the chinese yuan will be worth than the USA dollar in summer of 2010, or sooner then that.

[gweilobuster]

China must dump all US investments and convert them into commodities like gold, iron, copper etc..in five years the market in south america, africa, russia will be bigger than US. so we must cut all ties with US because afterall US has never been a friendly country and we will eventually go to war with them.

[lisajason111]

lol this dude has been suspended for saying this?

[rickysosky]

booooo..........to you warmonger, you are an anti society

[lisajason111]

u talk to the wrong person

[gato123452]

@gweilobuster war will never happened. you will need to go to school and learn little kid war isn't just as easy to start now in age.

[dontblamethemessenge]

so what i mean is: when chinese sell goods to US, they get dollars. Those dollars go to the China central bank which converts it into yuan for the seller of the goods. It also works other way round. When chinese buy from walmart, the give yuan to central bank. This bank will then give dollars to walmart. And because walmart gets the stuff from china, the goods do not have to be transported.

[dontblamethemessenge]

if china gets inflation, they will have to remove yuans from their internal market. That can be done by buying goods in the US. Maybe they can buy everything from the \Walmart. Better would be buy every gold in the market.

So then the China central bank will take away the yuans and get rid of the dollar. Dollars will flow over the markets and yuans will be removed from internal market and make the yuan stronger.

[khjstephano]

growby10 - China 'caught in US money trap' yand ou are not understanding my point still. Read again my comments and try to understand my points. It's really sad there are many people like you.

[Growby10]

@khjsteph - ok, it's 1am..i'll read your comments again w/ a fresh mind. thank you for your effort to educate me

[khjstephano]

Growby10 ; Crisis in China - It will not happen, US will have crisis before than China if happens. Do not believe all from mainstream new medias. You should study more difference between debt and creditor nation, also how reacts in crisis and how it ends.

[khjstephano]

Growby10-Focus more about economy in US, it's not a big issue what is going on in China comparing it in US. THERE IS MORE PROBLEM THAN CHINA!!!!!!!!!!

WAKE UP MAN!!! Your mind is manipulated by mainsteam medias, you are clueless on US economy and are you worry about China?

[Growby10]

@khjstephano - "it's not a big issue what is going on in china" You got to be kidding. They hold trillions of our debt and we need the buy billions upon billions each month from us and you're saying that doesn't affect us?!?!? stop before you expose more of your ignorance.

[Growby10]

but i will be doing more videos on our economy...and real estate...very soon. thanks for that suggestion.

[khjstephano]

China is investing and buying resources around the world and China has plenty of US dollar. China is trying to stimulate domestic consumption slowly, it includes also in financial and banking system leaded by Hong Kong so that Yuan becomes one of reserve currency. China does not want strong Yuan at the moment and it explains what is going on in China now and about this video. China is not like US, you should understand first about chinese to understand his economy.

[Growby10]

thank you for your comments.

[khjstephano]

This guy(Growby10) misleads many times about the economy on gold, inflation and deflation etc. including this video, just watch previous videos. The mind of this guy is manipulated totally by mainsteam medias. US is in problem than China and US is a debt nation, China is a creditor nation. China can do what they want and Do you think China take same mistake like US on Economy? I bet you they are not stupid and they are trying to get out US dollar slowly so that don't panic the world.

[Growby10]

@khjstephano - i've been saying the same thing in my previous video...and being attacked. This video is about a situation that's happening in china for the past several months. and a few possible scenarios if more and more Chinese pull money from out of their bank accounts. please pay closer attention and don't judge before knowing what you're taling about

[TAR391875]

ha ha ha ha white is dead esau !!!!!!!!!!!!1

[cardsafterdark]

This has been happening for longer than this past weekend. China buys the US debt to raise Chinese standard of living with US consumers buying Chinese goods and stave off political unrest. The yuan is held artificially high and does not trade freely. With fiat currencies, the Chinese can just create more. This does not appear to be anything new.

[Growby10]

@cards - and it can continue for a very long time.

[lorrainey100]

cough bs cough still no links to korean websites. Sounds like bsullsh*t!

[Growby10]

@lorrainey - click "more info" on the right of the video...just below the date.

[maxinatlanta]

Thanks for update. Valuable

[dan020350]

damn i just read the article on finacial post ( it was posted on jan 2009 ) this is very old.......... Oh well

[dan020350]

the only thing i don't like is the advertisement ( on grow your business) .......... :)

[Growby10]

@dan - don't be so petty. you can choose to work for free...if you're time is that worthless. Mine is not.

haven't u ever been warned...beware of a man who will give you his shirt off his back for free....for one day he may give YOUR shirt off YOUR back for that same price..to someone else.

[dan020350]

i have.

[dan020350]

i see. so you post videos in order to get paid????

I never been warned that way, where did you get this quote from , lack so much art form.

Now my turn, haven't you been warned, " the enemy is not the other, the enemy is you' ???

[Growby10]

@dan - i made up that quote myself...LOL. but back to my point...self promotion doesn't take away from the content. people, such as yourself, who are immediately turn off if something is SOLD to them (by me putting a link in the description page!?!?!) are unlikely to be well off...let alone wealthy.

Those with an mindset of abundance understand in the role of promotion to BOTH educate and be educated in new ideas.

btw, nice quote...but i wasn't the one projecting negativity my friend.

[dan020350]

everything you have said is quite good. except at the end ' i wasn't the one projecting negativity my friend'

If you can get rid of this part of the thinking, if you believe i said somesort of negative, you should not counter it with negative, this is why there is war from the outer and within. Have a postive day :)

[Growby10]

@dan - well said my friend. I stand corrected.

[dan020350]

finally some new pessimitic porn ........ :)getting tired from the old.

[Growby10]

@dan - you sound like you know your porn. please watch my other vid's before placing your almighty judgment my friend.

[maxinatlanta]

Great information

[peckiledorf]

BORING

[ShillBasher]

Very interesting insights into the Chinese markets. Thanks for sharing your thoughts on that for us.

[Growby10]

@shillbasher - thank you for watching and your comment!!!

[dontblamethemessenge]

anyway, when there is deflation, you want gold, silver, gold mining stocks, and silver mining stocks (but only the good stocks). But maybe also just a lot of cash.

Gold and silver give a lot of purchasing power in deflation, that's what i read in the Morgan report i subscribed to. Gold and silver always did better during deflation, relative better than with inflation.

[ThePhantomJedi]

Thanks for the report.

[lorrainey100]

Where are the links to the Korean websites?

[i4Truth]

Interesting vid, very thought provoking.

[tkd91604]

I love the music background.

[dontblamethemessenge]

dont you just get deflation everywhere.

first inflation because of the stimilus. Then when that money is gone, deflation.

[wrinkles1931]

Just the opposite...you need deflation, a real slowing of goods and services, product inventories, business output drops to a very low volume, then exessive money supply enters the markets, increasing demand quickly, and providing the senerio for massive demand with little supply, resulting in very high prices at a a very fast rate for a reduced number of availabe goods

[dontblamethemessenge]

i thought the world was already going into deflation. But now and then they throw in a lot of money, from the FED and others just to try to inflate it. But there is a limit they can do, so after a while it goes again into deflation. Because at the end the money is gone to reinflate.

[wrinkles1931]

We have not had any real inflation, yet, were not talking 2-3% inflation, were talking 10-15% inflation or more after deflation, deflation really just started in the last 6 months or so, (2 years for the housing market) but prices continue to fall for autos, furniture, electronics, etc. as the demand for these products has "dropped of a cliff" when and if inflation comes, it will be much more prevalant than a few rising prices, it will elevate the prices of everything...quickly

[Growby10]

@wrinkles - great insightful comments! what you say can happen. but just how fast the prices will inflate...you, i or no one can predict. we just have to pay very close attention. which, my friend, seem to be doing =)

[dontblamethemessenge]

Japan has 20 years deflation, althoug they threw money on the economy like never seen before. And their stock market did not move an inch 80 percent down from where it used to be. They are hoping for inflation, but...

[maxine2win]

@ dontblamethemessenge

I believe what you are saying is correct.

I think things will be volitile in the short term but deflationary in the medium. This means, at a minimum, I see the world being in a slump for at least 5 years.

If I am correct then gold and siver will go down in price.

Eventually governments will need to find a way to create inflation to help with all the debt they now hold.

If they can't, I forsee bad things due to all the debt combined with deflation.

[Growby10]

@don - most people either don't know or don't want to believe that can happen to us. it can...but it's not 100% ..just like hyperinflation is not 100% (in the near future)...it can go either way...just depends what our guys at the the printing press.

[Growby10]

@dontblame - i've talked a lot about deflation in my other video's...and have been attacked. we are in the middle of one of the most powerful deflationary time in our history (in asset prices)...and the government is doing all it can to reverse it. true. but, we can have both deflation/collapse in asset prices and at the same time inflation in other goods and services. please check out my earlier videos...i talk about this way way back . thanks for your comment

[Lynchian74]

Great vlog. There are so many things that can go wrong. Eastern Europe country collapse. Bond market implosion. Prime market crisis, Commercial real estate crisis. North Korea.

Fundemantally the money system is flawed. Has been for over 300 years. Its a grandiose pyramid scheme that has now ran out of time and is collapsing.

[Growby10]

@lynchian - you're 100% right...there is so much that can go wrong. i wish i had the time and energy to go into it all! great comment bro!

[Eggy0]

What is prompting people in China to pull out of bank a/cs? Do we know what is causing the loss of confidence and whether it is likely to continue?

[Growby10]

@eggy - great questions. The citizens there know that the news is government controlled...so they hear things from family and friends..many from the US! They learn that the big guys pulling out...they also know about the growing fraud in the Chinese banking industry, etc. and of course they've lost so much in their stock markets and in RE...that they are losing faith in the entire system. what starts out as just rumors...can grow into a massive wave that collapse their financial system. TTYL

[mustangjake2073]

LOL I thought I was subscribed to you. Great uploads.

[Growby10]

@mustangjake - thanks bro! keep your video's coming too!

[joel1923]

Why would the average Chinese citizen even bother to buy US T-Bills at this stage of the game? Wouldn't the Chinese people prefer something else(gold)? I thought it was the Chinese government buying the bonds-not the citizens. Or am I mistaken?

[ohio1998]

I'm a bit confused myself. Wouldn't you want to keep your money in Chinese banks? This makes no sense. Well, ooopps. I guess the chinese are dumb enough to try for a race to the bottom! I get it now. They'll devalue as fast as we are so they continue to sell their junk all over the world. Good idea, NOT!

[joel1923]

The devaluation of national currency is what happened in the 1930's-this is called the 'beggar thy neighbor" strategy. It worsened the Great Depression...

[ohio1998]

I thought in the GD they raised interest rates. This is why Bernake was so quick to lower rates to ZERO. Plus in the Great Depression, we had massive deflation of prices. Only until the war did all of the money printing result in inflation.

[wrinkles1931]

It's been going on for quite a while

[ohio1998]

No idea why you got a thumbs down, but what do you mean?

[wrinkles1931]

As dollar has lost value the chinese have been devaluing thier currency to keep products affordable, it the dollar is only worth half of what it was(it's not) it makes chinese goods twice as expensive, the chinese started devaluing thier currency 6 months ago, and will continue to do so,infact, the dollar is worth slightly more now against the yuan, than it was on January 1st,not a reasonable response to a currency that just increase it's supply by several trillion dollars over the last year

[Growby10]

@joel - it's the chinese government who's buying our T-Bills...which they must..unless they want their 2 billion in T-bills to become worthless. at the same time..they have been buying gold and diversifying. but, they won't/can't stop lending us money any time soon...unless there is a powerful triggering event.

[EVCarolina]

Good analysis.  Thanks

[4rcane]

a policy of weak currency to help export is misplaced. Imagine the currency you get paid in are apples, that depreciate overtime. You get paid more apples but they're also worth less in purchasing power. Or would you rather be paid in gold/silver that doubles overtime

[Growby10]

@4rcane - misplaced or not...currently that's what the government (unions, etc.) want. so i guess what's bad for the people doesn't matter. if our money is strong (and imports) are cheaper and can buy more...that's bad?!?!?

[vinny1010]

Back of the mic a bit dude

Cheers