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Four Of China's Largest Banks On Verge Of Collapse.


Luigi1
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Luigi says we have conflicting reports.

China owns the world...calls all the shots...in charge of RV.

Four of China's largest banks on verge of collapse.

BOC infuses $100s of Billions to avoid runs on the banks.

It looks like China is out of bargaining chips.

 

 

 

11-1-2019   Intel Guru MarkZ   [via PDK]  November - the month I never thought we would hit…We are hearing the Chinese took over last night around midnight and they already have a solid plan to get things rolling over the next 24 hours or so. And could be as early as just hours away.  The US loses 2% but it will not affect anything on our side of the exchange or the rates. We are all watching today daggone closely... 

 

 

Domino #2: Chinese Bank With $105 BN In Assets On Verge Of Collapse. Beijing has had its hands full with avoiding a bank run in the aftermath of Baoshang Bank's failure, scrambling to inject massive amounts of liquidity last week in the form of a 250 billion yuan net open market operation to thaw the interbank market which was on the verge of freezing, and sent overnight funding rates spiking and bond yields and NCD rates higher. Trump blamed over US-China Trade War.

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