While the world has been focused on the U.S.-China trade conflict, another threat—potentially just as large—has been brewing beneath the surface of China’s financial system.
On Sunday, the country’s securities regulator convened a meeting asking big brokerages and funds to support their smaller peers, according to a meeting summary circulated among industry participants Monday. The briefing cited rising risk aversion in money markets after defaults in the bond repurchase market. Some interbank lending rates have moved sharply...
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Chiba finance smoke and mirrors
Old news over a year
New Lehman Brother
Those who control currency, control the people. If terrorists were successful in taking a region, they could change the currency, an exclusive, closed circuit financial dependency would occur. Notice how big media, Facebook, is said to be developing their own brand of currency.
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