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Post by spinifex on Aug 9, 2023 19:56:59 GMT 10
China saved the global economy in 2008, with rapid construction projects, now they are done, the everything bubble is bursting. Exports from China slumped 14.5% yoy to a five-month low of USD 281.76 billion in July 2023, the steepest decline since February 2020, after a 12.4% drop in June, and worse than forecasts of a 12.5% fall, amid slowing global demand. Exports of rare earths surged 49% from a year earlier to 5,426 metric tons. Among major trade partners, exports to the US slumped by 23.1% from a year earlier, while those to the ASEAN countries, China's largest trade partner, and the EU plunged by 21.4% and 20.6%, respectively. For the first seven months of the year, exports fell 5% from the same period in 2022 to USD 1.94 trillion. tradingeconomics.com/china/exports-yoyAwesome! Like I'm doing my damndest to help sink their economy, absolutely refuse to buy any foodstuff labelled "Made in China", "Made in New Zealand" or "Product of New Zealand" as one individual I personally have starved them of thousands of dollars in just a few short years! Just remember most stuff labelled "Made in NZ" is actually purchased by NZ in bulk from China packaged there and then shipped to Oz, stop buying their poison! We have an identical food policy at our place ... |
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Post by SA Hunter on Aug 9, 2023 20:11:51 GMT 10
Awesome! Like I'm doing my damndest to help sink their economy, absolutely refuse to buy any foodstuff labelled "Made in China", "Made in New Zealand" or "Product of New Zealand" as one individual I personally have starved them of thousands of dollars in just a few short years! Just remember most stuff labelled "Made in NZ" is actually purchased by NZ in bulk from China packaged there and then shipped to Oz, stop buying their poison! We have an identical food policy at our place ... ditto! |
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spatial
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Post by spatial on Aug 11, 2023 22:45:18 GMT 10
Bad news from China keeps comming. China To Bail Out 1 Trillion Yuan In "Hidden" LGFV Debt By Shifting It To Provinceswww.zerohedge.com/markets/china-bail-out-1-trillion-yuan-hidden-lgfv-debt-shifting-it-provinces
t was just on Monday when we reported that China was facing a new debt crisis as a record number of local government financing vehicles (or LGFVs also considered the currently most aggressive form of Chinese shadow banks), had missed commercial paper debt payments: A total of 48 LGFVs were overdue on commercial paper, which typically carries a maturity of less than a year, up from 29 in June, according to a Huaan Securities report citing data from the Shanghai Commercial Paper Exchange. Their missed payments amounted to 1.86 billion yuan ($259 million), more than double the 780 million yuan in June. And with Beijing suddenly finding itself on the defensive everywhere, amid collapsing exports, CPI deflation, record youth unemployment and lack of credit growth, overnight China's leadership decided to finally take some proactive steps instead of just endlessly talking, and as Bloomberg reported, China will allow provincial-level governments to raise about 1 trillion yuan ($139 billion) via bond sales to repay the debt of local-government financing vehicles and other off-balance sheet issuers, a small step toward addressing what it called "one of the biggest threats to the nation’s economy and financial stability." |
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spatial
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Post by spatial on Aug 11, 2023 22:51:27 GMT 10
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Post by Joey on Aug 12, 2023 6:56:01 GMT 10
Bad news from China keeps comming. China To Bail Out 1 Trillion Yuan In "Hidden" LGFV Debt By Shifting It To Provinceswww.zerohedge.com/markets/china-bail-out-1-trillion-yuan-hidden-lgfv-debt-shifting-it-provinces
t was just on Monday when we reported that China was facing a new debt crisis as a record number of local government financing vehicles (or LGFVs also considered the currently most aggressive form of Chinese shadow banks), had missed commercial paper debt payments: A total of 48 LGFVs were overdue on commercial paper, which typically carries a maturity of less than a year, up from 29 in June, according to a Huaan Securities report citing data from the Shanghai Commercial Paper Exchange. Their missed payments amounted to 1.86 billion yuan ($259 million), more than double the 780 million yuan in June. And with Beijing suddenly finding itself on the defensive everywhere, amid collapsing exports, CPI deflation, record youth unemployment and lack of credit growth, overnight China's leadership decided to finally take some proactive steps instead of just endlessly talking, and as Bloomberg reported, China will allow provincial-level governments to raise about 1 trillion yuan ($139 billion) via bond sales to repay the debt of local-government financing vehicles and other off-balance sheet issuers, a small step toward addressing what it called "one of the biggest threats to the nation’s economy and financial stability." I never trust any of chinas "official" financial reporting, I think they only ever report half of their actual financial troubles to try and save a little face |
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norseman
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Post by norseman on Aug 12, 2023 7:08:53 GMT 10
Bad news from China keeps comming. China To Bail Out 1 Trillion Yuan In "Hidden" LGFV Debt By Shifting It To Provinceswww.zerohedge.com/markets/china-bail-out-1-trillion-yuan-hidden-lgfv-debt-shifting-it-provinces
t was just on Monday when we reported that China was facing a new debt crisis as a record number of local government financing vehicles (or LGFVs also considered the currently most aggressive form of Chinese shadow banks), had missed commercial paper debt payments: A total of 48 LGFVs were overdue on commercial paper, which typically carries a maturity of less than a year, up from 29 in June, according to a Huaan Securities report citing data from the Shanghai Commercial Paper Exchange. Their missed payments amounted to 1.86 billion yuan ($259 million), more than double the 780 million yuan in June. And with Beijing suddenly finding itself on the defensive everywhere, amid collapsing exports, CPI deflation, record youth unemployment and lack of credit growth, overnight China's leadership decided to finally take some proactive steps instead of just endlessly talking, and as Bloomberg reported, China will allow provincial-level governments to raise about 1 trillion yuan ($139 billion) via bond sales to repay the debt of local-government financing vehicles and other off-balance sheet issuers, a small step toward addressing what it called "one of the biggest threats to the nation’s economy and financial stability." I never trust any of chinas "official" financial reporting, I think they only ever report half of their actual financial troubles to try and save a little face 100% ! |
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malewithatail
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Post by malewithatail on Aug 12, 2023 8:07:32 GMT 10
"I never trust any of chinas "official" financial reporting, I think they only ever report half of their actual financial troubles to try and save a little face"
And you believe the other crowd ? They lie just as much and don't even try to hide it.
U gets what u pay for. If you want first quality oats, well, they cost, but oats that have already been through the horse, they are a bit cheaper.
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spatial
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Post by spatial on Aug 16, 2023 7:39:08 GMT 10
More China hiding reality. China Busy Hiding Reports Of Flood Damage And Death
brucewilds.blogspot.com/2023/08/china-busy-hiding-reports-of-flood.htmlDevastating reports of flood damage and death are trickling out of China. The country has just been hit with the largest flood it has seen in 140 years. This means the Chinese Communist Party (CCP) has cranked up its propaganda machine to downplay the destruction and bury the devastating reports of damage and death. This includes fabricating stories of rescues and rapidly arriving to help the victims of the disaster. In some ways, this could be viewed as a "Hurricane Katrina moment" for China's leader Xi Jinping. It certainly represents an embarrassing failure of the Chinese government to protect its people. Hundreds of thousands of China's citizens have lost everything and had their lives destroyed. Still, the government is more interested in quelling the protests of victims than providing help. For the leadership this is about saving face. It is also proof that when a government "makes the news," it controls the news. This leaves the question of how bad the flooding has become.  |
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malewithatail
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Post by malewithatail on Aug 16, 2023 8:19:17 GMT 10
China needs a distraction.....I know, lets invade Taiwan. That'll keep the sheeples minds off the disasters at home and also kick the USA in the guts. Never mind it may well start WW3.
No it wasn't me, and you cant prove it.
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Beno
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Post by Beno on Aug 16, 2023 14:26:05 GMT 10
Not sure if this'll work. Sounds legit. I like this guy but i dislike how family names keep popping up in politics.
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norseman
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Post by norseman on Aug 16, 2023 15:44:00 GMT 10
Not sure if this'll work. Sounds legit. I like this guy but i dislike how family names keep popping up in politics. Good to see you back Beno, we missed your contributions here! |
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malewithatail
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Post by malewithatail on Aug 16, 2023 16:12:15 GMT 10
Have it OUR way. Yours is IRRELEVANT. @borgerking.
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Beno
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Post by Beno on Aug 16, 2023 21:58:19 GMT 10
Not sure if this'll work. Sounds legit. I like this guy but i dislike how family names keep popping up in politics. Good to see you back Beno, we missed your contributions here! Thanks mate it turns out it’s been a while since i was here last! Nothing much to report, just living and letting live. Bobby Kennedy really opens up a conversation about the role of Biden and the US in this clip. Just fast forward the first bit. |
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spatial
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Post by spatial on Aug 17, 2023 7:37:22 GMT 10
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tactile
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Post by tactile on Aug 17, 2023 7:51:58 GMT 10
He might be right (again) but he has actually got a lot wrong since his big win. Unlike others in his field he has admitted it as well. Gets a lot of attention on Twitter (X?) |
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spatial
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Post by spatial on Aug 17, 2023 11:21:47 GMT 10
Lots of solar news feeds coming through. Sun activity is rapidly increasing and the earths magnetic field is currently very week. Geomagnetic Storms On The Sun Are Increasing At Alarming Ratewww.giantfreakinrobot.com/sci/geomagnetic-storms-sun-increasing.htmlA recent report by Science Alert explains a naturally occurring phenomena that happens on Earth when the sun reaches the peak of its 11-year cycle. Throughout the sun’s 11-year cycle, scientists can reasonably expect a somewhat predictable waxing and waning in the intensity of solar flares, depending on where we’re sitting within this cycle. But scientists are alarmed because although they anticipate to see peak solar activity in the form of flares by 2025, we’ve already exceeded the expected numbers, meaning that the sun is emitting more geomagnetic storms than we’re used to. |
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spatial
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Post by spatial on Aug 17, 2023 11:36:54 GMT 10
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frostbite
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Post by frostbite on Aug 17, 2023 13:19:27 GMT 10
Police don’t protect you, they just take statements after the event. It would be much safer to not have a police force. We can all walk around with loaded guns and the bad guys will know their life expectancy when committing a crime will be measured in seconds. |
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spatial
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Post by spatial on Aug 17, 2023 16:05:06 GMT 10
Police don’t protect you, they just take statements after the event. It would be much safer to not have a police force. We can all walk around with loaded guns and the bad guys will know their life expectancy when committing a crime will be measured in seconds. And they change your statement to suit their needs, make you sign it under duress. My daughter married into a legal family that has a few lawyers that manage a number of legal practices. There is endless dramas with recorded police statements. Yip in Aus the gangsters hide behind the police and have free rein. |
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spatial
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Post by spatial on Aug 17, 2023 16:46:14 GMT 10
It is the beginning full gov control....
Backlash grows over banks' push to turn Australia into a cashless society as branches close and more restrictions are placed on how you can access your cashwww.dailymail.co.uk/news/article-12391503/Change-org-petition-launched-stop-Australia-cashless-society-banks-restrict-customer-access-cash.htmlThe Change.org petition is calling for an 'An Australian cash and banking guarantee' that would see the government step in to regulate banks who are streamlining their operations by closing branches or removing in-person cash services. In Australia, more than 1,600 bank branches permanently shut their doors between June 2017 and July 2022, with a 'disproportionate number' in regional communities that are more significantly affected, according to the Financial Services Union. |
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