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China Is Running Out Of Money
AFP/Getty
Gordon C. Chang / Forbes
Last week’s release of disappointing economic and trade data for July has, predictably, renewed calls for additional stimulus. In May, Beijing ramped up its support for the economy, and observers had expected activity to pick up by last month.
Why has the economy so far failed to respond? There are various reasons, but perhaps the most important is that the country is running out of money for stimulus.
At first glance, that proposition seems preposterous. After all, the People’s Bank of China, the central bank, held $3.24 trillion of foreign currency reserves at the end of the first half of this year. Yet foreign currency, no matter how plentiful, has limited usefulness in a local currency crisis. In any event, the PBOC’s foreign currency holdings are almost
continue at Forbes:
http://www.forbes.com/sites/gordonchang/2012/08/12/china-is-running-out-of-money/
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They cant run out of money, they print it. I would say however they have been trying to drain it all out of US consumers any way they can charging .47 cents on ebay for something we have to pay $5.00 for here and using our postal service to ship it here free.
Why… did they cut down the last tree in China and other countries won’t give them any?
Out of money… out of something created out of thin air… that’s a laff riot.
If they have a Rothschild controlled central bank they very likely will run out money, it’s Rothschild’s favourite trick i.e. 1928-9 and all that – Chinese Credit Crunch anyone? LOL
They’ll print more Walmart depends on it.