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...
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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