Competitive currency debasement

A Look at Rampant Monetary Expansion In China

"Given all the finger pointing at the US over monetary printing and the debasement of the US dollar, inquiring minds just might be asking "What is China doing?"

That's a good question, so let's look at monetary numbers translated from Chinese.

The Chinese central banks' printing and respective Chinese bank lending make us look like amateurs. Chinese central bank assets and the money supply are up 25-26% annualized YTD. But this growth rate of money supply and bank lending is what is required to make up for the 8-10% net contraction in output from the collapse in exports and export-related production.

Meanwhile, back in the US, total bank credit is contracting while M2 is up 5% annualized YTD."

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Whahooo!!

globaleconomicanalysis.blogspot.com...

you point out:

"Meanwhile, back in the US, total bank credit is contracting while M2 is up 5% annualized YTD



i remind you that the Fed Reserve balance sheet has over $11 Trillion of 'swaps' & 'off-balance sheet transactions' & 'toxic assets', 'guaranteed loans' and another Multi-Trillion Plus in bad CDOs, CDS's, and other fraudlent 'bonds'....just to grease-the-wheels of the Banksters money-making-machine ! (so the System wouldn't implode immediately!)


pull back the curtain, and believe what you see---not what they tell you

Originally posted by St Udio



you point out:

"Meanwhile, back in the US, total bank credit is contracting while M2 is up 5% annualized YTD



i remind you that the Fed Reserve balance sheet has over $11 Trillion of 'swaps' & 'off-balance sheet transactions' & 'toxic assets', 'guaranteed loans' and another Multi-Trillion Plus in bad CDOs, CDS's, and other fraudlent 'bonds'....just to grease-the-wheels of the Banksters money-making-machine ! (so the System wouldn't implode immediately!)


pull back the curtain, and believe what you see---not what they tell you

Point(s) taken - not to mention the US suspended the "Mark to Market" rule last fall as it applies to their bank capital requiremnt ratio.

[edit on 12-10-2009 by leo123]

Originally posted by St Udio



you point out:

"Meanwhile, back in the US, total bank credit is contracting while M2 is up 5% annualized YTD



i remind you that the Fed Reserve balance sheet has over $11 Trillion of 'swaps' & 'off-balance sheet transactions' & 'toxic assets', 'guaranteed loans' and another Multi-Trillion Plus in bad CDOs, CDS's, and other fraudlent 'bonds'....just to grease-the-wheels of the Banksters money-making-machine ! (so the System wouldn't implode immediately!)


pull back the curtain, and believe what you see---not what they tell you

St Udio

Your reminder is much appreciated - Lut us await the fall out.

J