Commodity Trade Mantra

Posts Tagged ‘Chinese Banks’

  • China | November 7, 2014
China Wealth Management Products Will Cause the Next Financial Crisis

In China, shadow banking has quadrupled in size since 2008. Lending is not a business that grows that fast without doing reckless things. There is plenty of evidence of recklessness in China. It is difficult to predict the ripples a financial crisis in China would create. Stay away from firms lending money in China.

Could $80 Billion In False Chinese Gold Loans Have Suppressed Gold Price?

China is suffering from a massive credibility hit today as a scam to extract credit from Chinese banks by repeatedly pledging the same collateral of gold, and other commodities, over and over and over again unwinds. China’s Chief Auditor has identified $15.2 billion in loans backed by falsified gold.

Is Copper Foreshadowing A Stock Market Crash Just Like It Did In 2008?

Traditionally, “Dr. Copper” has been a very accurate indicator of where the global economy is heading next. For example, back in 2008 the price of copper dropped from nearly $4.00 to under $1.50 in just a matter of months. Is the price of copper trying to tell us something AGAIN?

Precious Metals Aspirations Of The Biggest Bank In The World: ICBC

When the precious metals department was established, ICBC Chairman Jiang Jianqing said: “We have the ambition that ICBC becomes a world-class commercial bank in precious metals investment management.” In 2013, ICBC physical gold sales increased by more than 80% YoY.

How Dangerous Is The Credit Bubble In China For The World?

On any list of banking accidents waiting to happen, China is assured a place at the very top. But could a crash there take the entire global economy down with it? There’s no doubt that there are going to be massive problems in China. What’s more, China could trigger a huge global meltdown.

All Banks Are Bankrupt

Doug Casey Interviewed by Louis James, Editor, International Speculator) L: Doug, there is considerable disagreement over the significance of the Cyprus crisis. […]

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