Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 6
China facing full-blown banking crisis; BIS
Topic Started: 19 Sep 2016, 07:12 PM (6,233 Views)
Bardon
Default APF Avatar


Jon Snow
20 Sep 2016, 10:10 PM
You really do like talking out of your arse don't you?
Didn't you know that in China, the government regulates interest rates and it also owns the majority of banks and enterprises.

Oh and just in case you also didn't know that Chinese families own 90% of their homes giving them one of the highest homeowner rates.
Edited by Bardon, 20 Sep 2016, 10:42 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


Bardon
20 Sep 2016, 10:33 PM
Didn't you know that in China, the government regulates interest rates and it also owns the majority of banks and enterprises.

Oh and just in case you also didn't know that Chinese families own 90% of their homes giving them one of the highest homeowner rates.
You're right. I think it's only ICBC that is a private bank in China, the rest are state owned.

No idea why people think the PRC will run out of Yuan.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
furry
Default APF Avatar


I didn't think you could own a home in China? Only long term lease or similar?
Profile "REPLY WITH QUOTE" Go to top
 
Ex BP Golly
Member Avatar


Bardon
20 Sep 2016, 09:12 PM
Firstly the Chinese collapse is not coming, their industrial age is just starting.

Then to answer your question Chinese govt are a major shareholders in most of the banks doing the lending, they have a lot of economic armory at their disposal including lost of assets that they convert if things got tight and they needed to.
The era of industrialisation of both England and America I'd famous for its books and busts.

China is long overdue a bust.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
Jon Snow
Member Avatar


Bardon
20 Sep 2016, 10:33 PM
Didn't you know that in China, the government regulates interest rates and it also owns the majority of banks .
Yes. But the the US dollar deposits are privately owned. Technically of course, the government owns everything, including all of the land and everything else and can reclaim it at any time. Hence the reason for capital flight, as mentioned earlier.
Quote:
 
and enterprises

Not the profitable ones.
Quote:
 
Oh and just in case you also didn't know that Chinese families own 90% of their homes giving them one of the highest homeowner rates.

The home ownership rate is always a good predictor of economic and technological backwardness. It points to an agrarian/peasant mindset that hasn't quite made it to the 21st century. Once China society evolves towards high technology, the home ownership rate will fall appropriately. I predict that Australia's home ownership rate will advance ever higher for the opposite reason.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
Profile "REPLY WITH QUOTE" Go to top
 
b_b
Default APF Avatar


Simon_S
19 Sep 2016, 07:12 PM
If there is a banking crisis the Chinese government can stand behind every rmb is the system. Just a matter of key strokes. The big downside is nationalizing the banks which basically the current system anyway.

They have probably had a financial crisis already, and the west would not even know.
Edited by b_b, 21 Sep 2016, 04:32 AM.
(S – I) + (T - G) + (M - X) = 0
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Bardon
20 Sep 2016, 09:12 PM
Firstly the Chinese collapse is not coming, their industrial age is just starting.

Then to answer your question Chinese govt are a major shareholders in most of the banks doing the lending, they have a lot of economic armory at their disposal including lost of assets that they convert if things got tight and they needed to.
Japan
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
Bardon
Default APF Avatar


newjez
21 Sep 2016, 05:45 AM
Japan
Not the same in my view, the Chinese expansion is far more comprehensive and all encompassing they are buying foreign companies, sports teams, and most importantly the worlds media.

https://www.ft.com/content/324d82c4-2d60-11e6-a18d-a96ab29e3c95

China’s $10bn propaganda push spreads Down Under
Hackles are raised over media deal to carry Communist party newspaper’s content

Just imagine if Chinese banks start expanding aggressively into the UK, the US, Australia everywhere and then lend to absolutely everyone in order to generate big profits.
Jon Snow
20 Sep 2016, 11:59 PM
The home ownership rate is always a good predictor of economic and technological backwardness. It points to an agrarian/peasant mindset that hasn't quite made it to the 21st century. Once China society evolves towards high technology, the home ownership rate will fall appropriately. I predict that Australia's home ownership rate will advance ever higher for the opposite reason.
So do you have many examples of this high ownership rates being indicative of an agrarian mindset throughout history?
Edited by Bardon, 21 Sep 2016, 09:52 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Bardon
21 Sep 2016, 09:38 PM
Not the same in my view, the Chinese expansion is far more comprehensive and all encompassing they are buying foreign companies, sports teams, and most importantly the worlds media. Just imagine if Chinese banks start expanding aggressively into the UK, the US, Australia everywhere and then lend to absolutely everyone in order to generate big profits.

Oh, which major "foreign" companies do the Chinese own? Which sports teams? And I'd be curious to know which media.

I think that possibly came from the cake hole, but perhaps you're right.

What market share do Chinese banks have in the U.S., Japan, even little ol' Australia?
Edited by Terry, 21 Sep 2016, 09:51 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Bardon
Default APF Avatar


You don't know very much about anything.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create a free forum in seconds.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2
  • 6



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy