Thanks. Just when I think I can let up on preps we get this kind of news and I know it is time to shift permanently to personal, familial & community sustainability. I appreciate the heads up!
Duncan Mavin, Financial Post Published: Thursday, January 08, 2009
HONG KONG -- Royal Bank of Scotland has warned it may become the fourth big investor in just a few days to pull billions of dollars out of the Chinese banking system, fuelling fears that China's faltering economy could be hit by massive capital outflows in coming months.
lately news in hong kong are large amount of yuan counterfeits in small amount are found flowing in the market. I am not sure how bad it is or if it is a hoax. Counterfeits money in china has always been a problems. It is not a new issue. Maybe they want to invest in gold or other commodities. I am not sure.
@survior - i PERSONALLY had counterfeits given to me almost EVERY time I went to china. and it's NOT just because I was a foreigner. my friends and associates always check there money when receiving change. I don't know how bad it is...but i think the possible bank runs will be much more damaging to China..AND our economy. Stay tuned my friend!
@PaulRon - you're the 2nd person to tell me about this! I have to check this out...thanks for the info. if true..this will put a lot more downward pressure on the dollar...and gold will go higher. thanks again!
@kswatcher - this info SHOULD be very important to all of us...but no one seems to be paying attention. at the same time....there's so much hidden from us. thanks for your comment!
I noticed that the financial talking heads are pushing investments in China as the new gold mine. If there are bank runs in China, wouldn't it be because China holds so much U.S. debt and they fear an imminent default? It may seem like a really stupid thing to do, but I think that I've decided to close my IRA and take possession of the gold in it before gold goes up further in price, and I don't have enough cash to pay the taxes and penalties. The economic situation is looking very bleak.
@wrinkles - your welcome. it's pretty crazy. i'm doing more research but if this is true...it can set of a terrible economic chain reaction. again, there is virtually NO news covering this...but it may really be happening. please stay tuned!
I'm really interested to see how Chinesse taking money out of their own banks is cause our dollar problems, but as always, I'm sure you give us a good answer. Can't wait!
Asian websites? Ok, which ones?
4x4jeepjeep 2 years ago
Source? Cough,Bullshit,Cough...
4x4jeepjeep 2 years ago
Thanks. Just when I think I can let up on preps we get this kind of news and I know it is time to shift permanently to personal, familial & community sustainability. I appreciate the heads up!
DoctorsWife56 2 years ago
Did find this though.
Billions pulled out of China
Duncan Mavin, Financial Post Published: Thursday, January 08, 2009
HONG KONG -- Royal Bank of Scotland has warned it may become the fourth big investor in just a few days to pull billions of dollars out of the Chinese banking system, fuelling fears that China's faltering economy could be hit by massive capital outflows in coming months.
brovic777 2 years ago
Can't find anything on the net to confirm what your saying yet. Not even a blog.
brovic777 2 years ago 2
lately news in hong kong are large amount of yuan counterfeits in small amount are found flowing in the market. I am not sure how bad it is or if it is a hoax. Counterfeits money in china has always been a problems. It is not a new issue. Maybe they want to invest in gold or other commodities. I am not sure.
survior101 2 years ago
@survior - i PERSONALLY had counterfeits given to me almost EVERY time I went to china. and it's NOT just because I was a foreigner. my friends and associates always check there money when receiving change. I don't know how bad it is...but i think the possible bank runs will be much more damaging to China..AND our economy. Stay tuned my friend!
Growby10 2 years ago
Germany asks Gold Deposits in The US to be Returned.
Dinar to be pegged at 1 gram.
PaulRon2008 2 years ago
@PaulRon - you're the 2nd person to tell me about this! I have to check this out...thanks for the info. if true..this will put a lot more downward pressure on the dollar...and gold will go higher. thanks again!
Growby10 2 years ago
Holly Molly !
insertthissideup 2 years ago
@insertthisideup - that's what i felt!!
Growby10 2 years ago
Thank you from the Philippines Growby!
motonegros 2 years ago
@monttonegros...the Philippines?!?! cool! thanks for watching...there's a lot more to come!
Growby10 2 years ago
Thank you. This information will be very important for me.
kswatcher 2 years ago
@kswatcher - this info SHOULD be very important to all of us...but no one seems to be paying attention. at the same time....there's so much hidden from us. thanks for your comment!
Growby10 2 years ago
I noticed that the financial talking heads are pushing investments in China as the new gold mine. If there are bank runs in China, wouldn't it be because China holds so much U.S. debt and they fear an imminent default? It may seem like a really stupid thing to do, but I think that I've decided to close my IRA and take possession of the gold in it before gold goes up further in price, and I don't have enough cash to pay the taxes and penalties. The economic situation is looking very bleak.
kswatcher 2 years ago 3
Thanks....
wrinkles1931 2 years ago
@wrinkles - your welcome. it's pretty crazy. i'm doing more research but if this is true...it can set of a terrible economic chain reaction. again, there is virtually NO news covering this...but it may really be happening. please stay tuned!
Growby10 2 years ago
I'm really interested to see how Chinesse taking money out of their own banks is cause our dollar problems, but as always, I'm sure you give us a good answer. Can't wait!
ohio1998 2 years ago
Reports from where/who? Cough,Bullshit,Cough.
4x4jeepjeep 2 years ago