China? A Wealth Confiscation Shock Wave?
17 Minutes, 20 Slides
In Part II of this two part series John & Gord continue on their around the globe review in assessing what is most likely to blow up first. The problems in China dominates the discussion as does what can only be described as a Wealth Confiscation Shock Wave.
China?
The Shadow Banking which was central to the 2008 Financial Crisis is now orders of magnitude larger in China with even less regulatory oversight.
As a consequence Non Performing Loans (NPL) are now skyrocketing.
Despite attempts by China to bring some control to the Shadow Banking activities it appears to be too little, too late.
Wealth Confiscation Shock Wave?
What Should Individuals Do?
- Monetary Expansion is Currency Debasement
Nothing More Than Wealth Confiscation to Finance Excess Debts
- Macro-Prudential Strategy of Financial Repression
Accelerating Government Wealth Confiscation
- Part 1 - Europe, Japan & Emerging Markets
- Part 2 - China and The Wealth Confiscation Shock Wave
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