arabianmoney.net / Peter Cooper / 25 March 2014
There have been runs on two small banks in China with depositors fighting to get through the doors to make withdrawals when they opened. Is this the first crack in the great wall of Chinese credit?
Reuters reported local news about queues outside the Sheyang Rural [...]
mybudget360.com / by mybudget360 / February 25, 2014
There is little doubt that our economy runs on access to debt. Not a tiny bit of debt. But Himalayan mountains of debt. The banking crisis was pitched to the public as one of liquidity but in reality, it was one of solvency. The difference? One is [...]
alt-market.com / By Andrew Cullen / 18 February 2014 03:17
This article was written by Andrew Cullen and originally published at The Cantillon Observer
Austrian business cycle theory explains that the “bust” phase of that cycle is created by extension of the cheap and plentiful credit by a fractional reserve banking (FRB) system. A [...]
financialsense.com / BY MONTY GUILD / 01/31/2014
Financial media were buzzing last week with news about troubles in China’s unofficial, or “shadow,” banking sector.
Stories that the sky is falling are useful to grab readers’ attention, and there was plenty of reporting suggesting that a Chinese financial catastrophe was in the works. They implied [...]
dollarcollapse.com / by John Rubino / November 17, 2013
For a while there it looked like Europe was beginning to dig itself out of the pit into which it had fallen after the 2008 banking crisis:
Europe’s Recovery Gaining Momentum (August 22, 2013) Europe’s recovery looks to be gaining traction thanks [...]