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Realistbear

China Willing To Bail Out Eurozone

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http://uk.finance.yahoo.com/news/China-says-willing-help-reuters_molt-5305915.html?x=0

China says willing to help eurozone recover
Chris "Christopher" Buckley, 8:19, Thursday 23 December 2010
BEIJING
(Reuters) - China is willing to help countries in the eurozone return to economic health, a Chinese Foreign Ministry spokeswoman said on Thursday, following a report that Beijing could step in to shore up finances in the beleaguered bloc.
Many investors are looking to China, as the owner of the world's largest foreign reserves, to use a portion of its $2.65 trillion (1.72 trillion pounds) holdings to come to the eurozone's rescue by buying up Greek, Irish, Portuguese and Spanish sovereign bonds.

Brings a tear of joy to one's eye what?*

___________________________

* Welcome to your new poltical masters Eurobugs :o

Edited by Realistbear

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It won't just be 'made in China' it will be 'owned by China' :rolleyes:

China as ended up in the same position as the rest of the prudent and hard working - screwed.

All they can do now is try fumble forward like the rest of us, hoping their wealth doesn't go up in smoke along with the West.

I wish them luck...

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It won't just be 'made in China' it will be 'owned by China' :rolleyes:

China as ended up in the same position as the rest of the prudent and hard working - screwed.

All they can do now is try fumble forward like the rest of us, hoping their wealth doesn't go up in smoke along with the West.

I wish them luck...

They may lose what they invest in paper assets. However their global investments in mines and hard assets seem likely to bear fruit. So I doubt very much if China is as screwed as us.

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They may lose what they invest in paper assets. However their global investments in mines and hard assets seem likely to bear fruit. So I doubt very much if China is as screwed as us.

Yes, they'll undoubtedly solve their massive overcapacity problem by buying even more raw materials. Their customers have gone broke, so they are lending them money. Don't see that as especially workable in the long term.

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Well, they've famously been buying up African and US assets. Guess this is diversification!

Its all part of their 'Great Game' and encirclement of India :rolleyes: The Chinese are thinking long term....... :rolleyes:

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loans upon loans make no difference.

there will be no "recovery" until the debt bears some resemblance to the wealth creation.

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read someone t'other day pointing out that ben bernanke studied the great depression for 25 years,came to the wrong conclusions,and then left his ivory tower to run the fed.

this mistake is small in comparison to what he and other western CBers have done to our kids futures.

Can't agree with you there - the very existence of the CCP is a monumental error

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Blind Freddy can see where this is going.

In return for the cash China will get the Eu to remove tarriffs on Imported shoes and other items that were undermining the Eu economy.

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http://uk.finance.yahoo.com/news/China-says-willing-help-reuters_molt-5305915.html?x=0

China says willing to help eurozone recover
Chris "Christopher" Buckley, 8:19, Thursday 23 December 2010
BEIJING
(Reuters) - China is willing to help countries in the eurozone return to economic health, a Chinese Foreign Ministry spokeswoman said on Thursday, following a report that Beijing could step in to shore up finances in the beleaguered bloc.
Many investors are looking to China, as the owner of the world's largest foreign reserves, to use a portion of its $2.65 trillion (1.72 trillion pounds) holdings to come to the eurozone's rescue by buying up Greek, Irish, Portuguese and Spanish sovereign bonds.

Brings a tear of joy to one's eye what?*

Chinese reserves sound huge but when compared to the European and the debt mountain they are tiny.

___________________________

* Welcome to your new poltical masters Eurobugs :o

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http://uk.finance.yahoo.com/news/China-says-willing-help-reuters_molt-5305915.html?x=0

China says willing to help eurozone recover
Chris "Christopher" Buckley, 8:19, Thursday 23 December 2010
BEIJING
(Reuters) - China is willing to help countries in the eurozone return to economic health, a Chinese Foreign Ministry spokeswoman said on Thursday, following a report that Beijing could step in to shore up finances in the beleaguered bloc.
Many investors are looking to China, as the owner of the world's largest foreign reserves, to use a portion of its $2.65 trillion (1.72 trillion pounds) holdings to come to the eurozone's rescue by buying up Greek, Irish, Portuguese and Spanish sovereign bonds.

Brings a tear of joy to one's eye what?*

___________________________

* Welcome to your new poltical masters Eurobugs :o

Chinese reserves sound huge but when compared to the European and US debt mountain they are tiny.

Still the money is burning an inflationary hole in their economy and they need to offload it somewhere.

Of course it wont work because what is going to happen is that Euro governments will issue debt and use the money to shore up their domestic banks who will probably blow the cash immediately speculating on the Asian markets.

Add in the fact the Chinese probably have a property bubble that is going to consume their own economy and you may see that cash pile shrink faster than you think

Edited by realcrookswearsuits

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Where's Alan B'Stard? He's gonna love this!

In case you're reading this Alan, I wonder if this might be that genetic bifurcation we were talking about a while back:

http://www.bbc.co.uk...onment-12059564

you would think a race called denis would have better teeth.

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They may lose what they invest in paper assets. However their global investments in mines and hard assets seem likely to bear fruit. So I doubt very much if China is as screwed as us.

+1

they seem to have done a very good job at offloading their "worthless" usd and have plenty more to play with. i wouldn't worry too much about them...

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Can't agree with you there - the very existence of the CCP is a monumental error

Why? The CCP is identical to all other countries governmental systems... i.e. an oligopoly of thugs who enslave the rest of the population. The UK is identical except that we have these pretend things called elections where we pretend we can change the government.

In reality all we do is change the puppets with the puppet master being the same cabal at the top over and over.

When the masquerade falls the government forces will quite happy shoot us to get us back to work. The difference between the CCP and the UK is that the CCP does not pretend it is not one of these systems.

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They may lose what they invest in paper assets. However their global investments in mines and hard assets seem likely to bear fruit. So I doubt very much if China is as screwed as us.

I doubt their agenda is paper assets.Something more tangible perhaps......like people.

so it seems germany and china are playing the same game...land and resource grab.

that won't be pretty when it comes to blows!

germany has a habit of trying to dominate,and china does the same but more stealthily.

makes a few billion people in the middle east look like small collateral...a price worth paying in the chess game to secure resources for four different factions....anglo saxons,holy roman empire,bolsheviks and the new improved red china.

interesting times indeed.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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