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Originally posted by Buck Division
Something is going on that is obviously not being told.
someone very very big is calling in their debt.
The President has been notified, in secret, that the Chinese Government will no longer lend any money to USA banks unless XY and Z occurs.
And it is probably why George Bush looked so awkward and panicked tonight on TV, during his address.
Originally posted by Rockpuck
reply to post by Relentless
Relentless..
We sit on the verge of the World's most severe depression, the brink of complete and total economic collapse of the American Empire.
I don't know whats going to happen, how it will happen, and I cannot even imagine what the next few weeks will bring..
But I feel fairly certain that even this 700 billion dollar bailout is just another delay of the inevitable..
I think we, people on ats, need to begin preparation for contingency and begin mapping out possibilities and outcomes of the next few months..
This isn't fairy tale anymore, no more make believe, this is the one true scenario on ATS that was discussed and may come true..
a group of nations or peoples ruled over by an emperor, empress, or other powerful sovereign or government: usually a territory of greater extent than a kingdom, as the former British Empire, French Empire, Russian Empire, Byzantine Empire, or Roman Empire.
Originally posted by Buck Division
So, it appears there is another shoe that is about to fall.
Something is going on that is obviously not being told.
Something like we are about to lose a major international line of credit that we were counting on, or someone very very big is calling in their debt.
BEIJING, Sept 25 (Reuters) - Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.