The Chinese Economy is Literally About to Collapse

[Anonymous No.13980104]

GFC 2.0: Ultimate Edition imminent.

>Beijing is now racing against time to prevent a widespread panic after it opened the Pandora's box when it seized Baoshang Bank two weeks ago, the first official bank failure in a odd replay of what happened with Bear Stearns back in 2008, when JPMorgan was gifted the historic bank for pennies on the dollar.

>And with domino #1 down, the question turns to who is next, and will they be China's Lehman.

>We may have gotten our answer, when the Bank of Jinzhou, a city commercial bank in Liaoning Province, the second name in the list above, and with some $105 billion in assets, notably bigger than Baoshang, announced that its auditors Ernst & Young Hua Ming LLP and Ernst & Young had resigned, not long after the bank announced it would delay the publication of its annual reports.

>For those confused, the delay of an annual report and the resignation of an auditor, means a bank failure is not only virtually certain but practically imminent.

>The real question facing Beijing now is how quickly will Bank of Jinzhou collapse, how will Beijing and the PBOC react, and what whether the other banks on the list above now suffer a raging bank run, on which will certainly not be confined just to China's small and medium banks.

https://www.zerohedge.com/news/2019-06-02/domino-2-chinese-bank-105-bn-assets-verge-collapse

[Anonymous No.13980112]

fuck you

>>13979145

[Anonymous No.13980120]

>C-China's about to collapse!

Said the nervous American for the 20th year running

[Anonymous No.13980133]

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[Anonymous No.13980150]

>>13980104
https://youtu.be/o--FmUXHPKE

[Anonymous No.13980410]

just accept it, 300 million degenerate mutts lead by the big nose tribe cannot forever hold down a billion of high iq pure asians

[Anonymous No.13980453]

>>13980150
>murrica stronk
OK I agree, but what does this have to do with Chinese banks collapsing precipitating a new global financial crisis?

[Anonymous No.13980528]

>>13980410
>yellow id
I wonder who could be behind this post

[Anonymous No.13980557]

holy shit. how much to bet that this is going to make Deutche go under too?

I told you.

[Anonymous No.13980643]

>>13980104
If true, 2500 USD reserves will spread it to global crisis.

[Anonymous No.13980869]

>>13980112
Based

[Anonymous No.13980886]

>>13980104
ahahahah world economy is totally fucked, how do we profit from that?

[Anonymous No.13980916]

If Deutsche Bank fails, and Jinzhou Bank fails, how do we profit?

Could this be a global crisis approaching?

Could the Chinese government find a way of making the crisis disappear?

[Anonymous No.13980923]

Amerifatts lose their world dominance and crying like Babys, this is delicious!

[Anonymous No.13980934]

>>13980453
you must not have gotten very far in. Dude outlines chinas problems and makes quite a few accurate calls like Xi declaring himself leader for life.

[Anonymous No.13980972]

>>13980916
>how do we profit?
sometimes there is no profit and everyone loses
economy isn't a zero sum game

hit the gym, do some survival training, prep a little bit just in case

[Anonymous No.13980974]

>>13980410
When you put it that way, kek...

[Anonymous No.13981020]

>>13980934
OK but China having problems and America being rich and powerful doesn't mean that America or the rest of the world is immune to the effects of a major economic collapse in China.

[Anonymous No.13981036]

>>13981020
Yeah, and since the US isn't insulating itself from a collapse in Chinese production by reducing its trading partnerships with China, the US is surely fucked.

[Anonymous No.13981172]

>>13980104
We defeated the soviet union similarly, the US knows what it's doing. Don't let the Donald Trump puppet play you, the brains behind this move is going to save the US. China will not find demand for products in Africa and the EU + Brits are sticking with the US.

[Anonymous No.13981219]

>>13980104

Good.

Fuck the Chinks.

[Anonymous No.13981227]

>>13980104
Imagine the money we can make.. please crash it faster

[Anonymous No.13981232]

>>13980916
From 2008 to now money lost 45% of its value while bitcoin increased by 1000000 %

[Anonymous No.13981240]

>>13981036
Obviously doesn't know anything about the US.

[Anonymous No.13981269]

>>13980916
War solves financial problems

[Anonymous No.13981294]

>>13980886
wasnt bitcoin kind of created literally as a hedge for this kind of event

[Anonymous No.13981324]

>>13981232
based on what? genuinely interested

[Anonymous No.13981336]

This is good for crypto actually because the Chinks will be fleeing to preserve their wealth and converting fiat to BTC.

[Anonymous No.13981356]

>>13981336
except that shit's been outlawed by god-king Xi Jinping, heavily. And they track people day and night

[Anonymous No.13981429]

>>13980453
basically in a nutshell china has the worst geography in the world and that's why they literally can't compete with the US.

[Anonymous No.13981449]

FUCK WHITES AND FUCK KIKES

[Anonymous No.13981490]

>>13981429
Isn't China fertile as fuck? Yellow river and all that, maybe I'm wrong

[Anonymous No.13981496]

>>13981356
That just means the nominal price of conversion goes up for locals. They'll still pump the coin.

>>13981490
That all ends within a hundred miles of the coast. 80% of that country is desert, mountains, or desert mountains.

[Anonymous No.13981511]

>>13981324
>based on what?

Just look at the inflation rate and price of food vs real loan increase.

[Anonymous No.13981537]

>>13981490
Yes it is. The reason China imports food is not because it requires food imports to be sustainable. It’s because the growing middle class wants more protein from swine, so it needs the extra imports to ‘refine’ into.

[Anonymous No.13982048]

>>13981172
>the brains behind this move

You mean the "Donald Trump puppet" who literally campaigned on economically confronting the Chinese in particular and barely won the election, going on to be the single most hated U.S. president in recent history for doing what he'd said he'd do in that regard? (economically confronting China and our other rivals on the world stage who'd locked our companies out of their domestic markets for decades by implementing tariffs and other trade restrictions, for example)

Take your L with dignity faggot, they'll be putting Blumpf on Mount Rushmore by the end of his second term lmao

[Anonymous No.13982084]

>>13980410
>Chinks
>Pure
I raff at your mutt race

[Anonymous No.13982086]

>>13980410
>chinks
>pure asians

[Anonymous No.13982090]

>>13982048
Trump won the electoral college by a landslide and has similar approval ratings as Obama. Nice try chink shill.

[Anonymous No.13982103]

>>13980410
>pure asians

[Anonymous No.13982109]

>>13980916
buy puts

[Anonymous No.13982126]

>>13982103
oh what the fuck. dude fuck you for posting that.

[Anonymous No.13982133]

>>13980104
>zerohedge

[Anonymous No.13982137]

>>13982103
we need to nuke africa and china

[Anonymous No.13982158]

>>13980120
this lmao

[Anonymous No.13982207]

>>13980410
>believing yellow race has any redeeming quality other than slaving 12hrs a day, 6 days a week.

[Anonymous No.13982285]

>>13980104
>believing some redditor who writes as le "tyler durden"
You idiots have been saying China will collapse any day now for over a decade.

[Anonymous No.13982305]

>>13982285
every article on zh is written by "tyler durden" just like every post on 4chan is by that "anonymous" guy. lurk more you facking noob

[Anonymous No.13982684]

before china collapses they would dump their treasuries and kiss the US goodbye.

[Anonymous No.13983036]

>>13982305
>believing some redditor who writes as le "tyler durden"
>calling anybody else a "facking noob"
wew

[Anonymous No.13983040]

>>13982048
>highest approval ratings mid-term of any recent president
>orange man bad!
Reaching pretty hard my dudette

[Anonymous No.13983221]

>>13982684
Fed would be more than happy to buy up those treasuries, you are fooling yourself otherwise

[Anonymous No.13983248]

>>13983221
with what exactly would they buy it?

[Anonymous No.13983379]

>I-I-IT'S TOTALLY GOING TO COLLAPSE FOR REAL THIS TIME!

[Anonymous No.13983822]

>>13982090
He lost the popular vote and is being fud'd by the media constantly, meaning that over half of the voting population hates his guts to the point where they will vote for literally anyone or anything opposite of him. The point I'm trying to make-you fucking retard-is that a desirable puppet would be as uncontroversial, as conventional and as beloved as possible, and they'd start by showing deference to our "allies"-even as they close off their markets to our companies and do everything they can to exacerbate our healthcare crisis by passing the medical research buck to american patients.

>>13983040
It's funny how you can actually say positive shit about who you consider to be the best president we've had in your lifetime (not that that's saying much) and still get attacked by autists that don't understand sarcasm.

[Anonymous No.13983888]

>>13980916
Buy crypto