China's financial war on derivatives contracts for their banks

Max Keiser talks to Stacy Herbert about China reneging derivatives contracts

recorded on September 5th 2009

中国 = China

孫子 = Sun Tzu

.

温家宝 got the US by the balls

.
MADE IN CHINA
.
on EBAY search for Fiat Paper Money

and you'll find the book of RALPH T. FOSTER
facinating reading of his research
.

G20 finance ministers and central bankers have agreed a series of measures to curb excessive bank bonuses, including spreading payments over a number of years, inserting clawback provisions in contracts and forcing financial firms to reveal high earners in annual reports.

Meeting in London at a summit chaired by Alistair Darling, the chancellor, the G20 finance ministers instructed the new Financial Stability Board (FSB) to come up with detailed proposals, some of which will be available in time for the G20 meeting in Pittsburgh later this month.

They deferred a decision on imposing caps on bank bonuses. Officials said caps on individuals bonuses had been rejected but that the Financial Stability Board would examine whether caps on institutions could be introduced, in line with French demands.
.
Stimulus to continue, G20 pledges
FINANCE ministers of the largest industrial countries vowed to keep their multi-trillion-dollar stimulus efforts in place, but at a meeting in London they failed to agree on any firm limits on the bonuses of bank executives - a sign of the deep rifts that remain between American and European leaders.

They did agree on a blueprint to raise capital requirements at banks to strengthen the world financial system as the recovery takes hold, a major goal of US Treasury Secretary Timothy Geithner.

Regarding the higher capital requirements, Mr Geithner said in London that his goal was to reach a final agreement on the new standards by the end of next year.

Mr Geithner said that while concerted action by central banks and governments had ''pulled the global economy back from the edge of abyss'', he added that ''conditions for a sustained recovery led by private demand are not yet established''.

.

G20 meeting peter schiff Jim Rogers jim cramer jim willy don harrold mike mish shedlock karl denninger gold silver price predictions VisionVictory David Morgan John Rubino Peter Schiff Max Keiser Jim Rogers Davincij15 InflationUS Bob Chapman Ted Butler Jim Sinclair Jason Hommel Bill Murphy Doug Casey Jim Willy James Turk mining stocks dollar collapse stockmarket crash Howestreet.com

Category:

News & Politics

Tags:

• max
• keiser
• china
• financial
• war
• renege
• derivative
• contracts
• fraud
• crude
• oil
• market
• bloomberg
• HK
• london
• metal
• exchange
• gold
• bullion
• etf
• commodities
• paris
• hilton
• sun
• tzu
• The
• Art
• of
• War
• goldman
• sachs
• chinese
• banking
• system
• Bank
• China
• opium
• wars
• economic
• warfare
• Hong
• Kong
• GOLD
• recall
• federal
• reserve
• devaluation
• stocks
• bonds
• loans
• interest
• banks
• crisis
• depression
• recession
• economy
• obama
• lies
• geithner
• fed
• G20
• meeting
• peter
• schiff
• Jim
• Rogers
• cramer
• marc
• faber
• don
• harrold
• mish

[marcchabotyt]

it is not porn at the end.

this is a japanese wood print depicting a man passing a strobila of a broad tapeworm. from Shinsen Yamaino Soushi, by Daizennosuke Koan (1850). Courtesy of the Tohoku University Medical Library.

i repeat, this is not porn.

[kcmall]

Some pornography at the end ....but China, you still have a chance to keep yourselves from the destructive influences that brought down American society.

[marcchabotyt]

it is not porn at the end.

this is a japanese wood print depicting a man passing a strobila of a broad tapeworm. from Shinsen Yamaino Soushi, by Daizennosuke Koan (1850). Courtesy of the Tohoku University Medical Library.

i repeat, this is not porn.

[DojoNDude]

Good for China. I wish Obama had the balls to tell the bankers to shove their derivatives up their ass! They should all be in jail eating gruel, not the filet mignon their used to. Instead, their toasting their million dollar bonuses with expensive champagne!

[distressed7]

Britain may have run China a hundred years ago. Today China runs much of the world. We soon will see how, and I daresay we are starting to see it now.

[mnm121314]

@distressed7 since when did britain run china? china and britain fought during the opium wars because china refused to allow britain to sell opium in china. britain ran india, never china

[makeiteasyable]

china is everywhere.. lol.ilang taon nlang lahat ng produkto china na.

[goldenknight777]

The only ways this can be repaired is by cheap labor exploitation ourselves. Either that or some kind of political realignment between global powers. We have spent most of our money on military and war, so the third and most dangerous option would be war to counter our financial threats which could lead to very bad results in the terms of nuclear war! Basically China has us by the balls! Unless we make cheap products and services for the world market...either that or war, DAMN!! We fucked!!

[goldenknight777]

I think I understand fully now what is really going on! China over years of sweat shop exploitation has robbed us dry of our wealth by making cheap products, and now China is saying "Ha we own you, so conform to communism" or you will be cut off financially from the global market! DAMN this makes since! Also talk of a North American Union would probably be a result of this. Ponder and discuss...

[MrBigEnchilada]

it would be funny if one day china says oh its ok we will lend you 100 billion but you must give that in gold bars not in paper money. lol some people are going to get a heart attack.

[13lackLight]

2:48 it doesn't make sense to threaten the U.S. government because they are not in control, Goldman Sachs controls them, so go after them. That is SO true and we have seen China do the same thing. When the U.S. sold Taiwan all those weapons, what did China do? punish the U.S. government? No, that wouldn't make sense. They instead punished U.S. weapons manufacturers because they have way more control, it made more sense to punish them.

[kokoinmars]

Thumbs up, if you are disappointed that the hot girl on the thumbnail is not giving a lecture on derivatives here.

[SuperSpidey25]

Good luck China. I hope you avoid the terrible fascist fate that we are discovering.

[jobedied]

China is not about to eat American shit thinking its steak, they are to smart for that. That is why government wants us to eat all the shit and tell everyone how well it tastes.

[FreakAlert2008]

Very honest