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China | SAFE Reports 2014/08/03

OWoN: Compare a bankrupt USA to a solid China. Why?




Within China there are two independent organizations, which control the China's financial environment, and they are: The People’s Bank of China (PBOC) that controls China's banking system and The State Administration of Foreign Exchange (SAFE) that controls China's foreign currency exchange rates and procedures. The Reserve Rate Requirements (RRR) for China's registered banks is currently 19.5%. Basel III only requires 7%. China's ICBC bank had only 1% non-performing loans. The so-called "Shadow Banks" are all illegal banking activity, and are presently being investigated and their management are being pursued for punishment, both inside and outside China. Their debts are not the responsibility of the Chinese government.

I have attached five reports by SAFE for your information. Please notice that they are very recent and are necessary before the Chinese Yuan can become the next Reserve Currency. Also note that acceptable financial activity in the United States is considered to be illegal and punishable in China (Criminal Activities Related to the Illegal Trading of Foreign Exchange).

China has been able to grow economically faster than any another economy in the world. This very exceptional achievement is based upon China's conversion from Communism to Capitalism. China is the most Capitalistic economy in the world. True Capitalism requires that all funds for investments must come from savings and not loans. Most investments do not produce profits, therefore, if the investment was from savings, only the savings was reduced. But if the investment came from a loan, then the loan and its interest must be paid. The use of loans for investments is not sustainable. China is doubly blessed since its citizens have the highest saving rates in the world, and for thousands of years, China has used gold as its surrogate for savings.

- guest author - name withheld

3 comments :

  1. Canauzzie
    This information gives an eagles eye view on how bad off America is. I just pray that when China takes my country, that Americans are not outright butchered due to their stupidity.

    " The so-called "Shadow Banks" are all illegal banking activity, and are presently being investigated and their management are being pursued for punishment, both inside and outside China. Their debts are not the responsibility of the Chinese government."

    What a concept!!
    darkening

    ReplyDelete
  2. This is a stand that will kick off Russia towards prosperity...... back to old days at least to set foundation of industry and then to learn competitive quality......

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    Sanctions, imposed against Russia, should be met with an appropriate response. The response is very simple – we should finally emphasize the development of our own industry and implement full import substitution to become completely independent in the context of unprecedented pressure on our country,” Rogozin said at a Government Marine Board session.

    ;;;;;;;;;
    The idiot Czechs lured by West are screeching their non-existent balls...... day after day they are loosing Russian market.....

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    Russia will win, they will learn to be independent while keep other clowns of West being dependent on their resources .... it is getting better and better for RUSSIA .... seems to me.....

    No surprise to me, it is like God and whole life and universe is just supporting those who stand for fair handling of affairs....it feels like tides are towards those who do justice ......

    ;;;;;;;
    This is remarkable and I am stunt ...... it feels like God is in action .......

    ReplyDelete
  3. City of Kiev is without *warm water* as for now...saving for the winter as they say ..... but I doubt that it will get better ......, might be a long winter there ......

    Not good .....

    ReplyDelete

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