There's been plenty of talk about China's artificially inflated currency and economy, so if this article is anywhere near the truth we're in for some torrid times ahead - soon(ish). As a nation, we're very much dependent on China.
"An alarming report from Schroders said Chinese banking operates in a "twilight zone" of phony accounting and shadow money and it's all coming apart. "Almost half of all credit creation in China is off balance sheet," wrote the team at Schroders.
They think this situation could unravel "over the next three to six months," producing a huge crisis with international implications. Most Chinese banks, they predict, will end up as "zombie banks."
reminds me of this client i had who started up on a rant on something i cant remember. i switched off when he said "its true, I read it on the internet"
Had a drunk bloke tell me tonight that the world will turn to martial law next year and the police will be sent out to simply shoot people on sight. Strange fella he was, he read it in the internet too.
luv u long time!!!!!
