China banks in serious trouble loan default rate exploding... crunch coming

[Guest]

Yes, if China growth rate falls below %3.5 banks will be in serious crisis mode.... could start a world wide tsunami...I

Imho, if a negative growth rate were to happen, which is quite possible, the whole China system could collapse...with dire consequences for everyone...

https://www.bloomberg.com/news/artic...nomic-scenario


Japan GDP falling over %6 a year, serious situation!!!

https://www.japantimes.co.jp/news/20.../#.XkwEQ0p7mUl

[Guest]

Breitbart:
In China:
80 percent of factories shut down
80 cities on lock down..
Shanghai %80 of work force absent
2/3rds of rural people will not go back to jobs in cities...

https://www.breitbart.com/asia/2020/..._content=Final

[Andy]

The dominoes are falling QUICKLY.
Gotta tell you, me getting on airplanes in the coming days/weeks is a little disconcerting. Yes, all domestic cities but still, such close-knit quarters with so many people...

[Andy]

BTW, Lewis - I do want to be careful what we post here.
I'm not a financial guy (AT ALL) but it sure seems to me if those numbers are true from Breitbart then the entire world economies would already be seriously reflecting that. Gold would SHOOT up, the stock markets would be feeling it far worse than they are, etc.
Could I be wrong? MOST definitely - I really don't understand all of that but I do know that gold is one thing that goes up rapidly (and very high) when the Chinese economy is in jeopardy (because of the cascading effect - really, any major world economy that's in jeopardy affects that). Right now it's sitting around $1600/oz which is only about a hundred bucks more than when Corona showed up. Not much of a reflection.

BTW, that's the only real way I know how to keep up with market stuff - watching prices of gold (something my daddy taught me!).

[Doug Fowler]

You know more than me - definitely a lot of wisdom in what I shared about our debate coach saying nobody - not even experts - can prepare a 5-7 minute speech in 30 minutes' notice (like we'd get in extemporaneous when we pulled topics) on economics.

The thing I wonder is this. I don't know about the factories but it seems like the news is coming from China about the cities so that at least should be taken as true if the Chinese are willing to admit so much quarantining. Now, if the reports are true of so many people being infected, that still leaves over a billion people in that country! So, wouldn't they have the people to fill in? I mean, if the Chinese economy is that controlled, I would presume theyd be not only forcing people to be shuttered into homes, but also ordering people to come in and replace the other workers in the factories.

I mean, sure, there are machines that take a little time to run, but most of these factories, I would presume, have people who can at least teach on the job. Sure, they might slow down a bit, but it wouldn't cause factories to close and stay closed that much!

Or, are the factories and their machiinery more complicated than I think?

Makes me think of how easy it used to be to just get a factory job out of high school here in the Rust Belt 40 years ago. I still remember reading REvelation for the first time in the late '80s/early '90s and suddenly the One World Government stuff made so much sense - easier to control a few big factgories and companies than a whole bunch of mom and pop ones.

I doubt the Chinese are trying to tank their own economy to bring the world down - that wouldn't just be a nose, that would be cutting off your head to spite your face! What do the Chinese have to gain by ushering in a One world Order? It's not like they'll be King of the HIll once the Antichrist comes on the scene.

However, whatever is happening in China, I'm sure the world's elite will try to take advantage.China has to fall, to, in order for the Beast to emerge; everyone talks about the U.S. but China has been an elephant int he room for a long while when it comes to how it would be taken down to allow the Beast to rise. Even if it's not going to collapse overnight or even because of this, but I'm sure this is a start.

[Guest]

Thing is, China's industrial base is along the coast where the "emergency" is happening...
This, along with travel restrictions, causes a serious problem for China and the World!!!

[Andy]

Well, guess what?
I received shipment of HP computers - that were supposed to be delayed "indefinitely" due to a supposed shutdown of the HP factory in China.
Evidence that perhaps not all we're hearing and reporting out here may be true?
I don't know...I just know I was not expecting these!

[Guest]

Bro Andy, you might want to closely examine the shipping label...I know from experience that many Chinese factories actually ship from warehouses elsewhere in the world ...often from here in the USA...