Crisis China: Gold, Dollar & Runs on Chinese Banks
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Recap - I've read recent reports, from Asia...specifically Korean news sites, that for the past several months...there have been large number of Chinese citizens...making large withdraws and closing accounts (in addition to this...there has been billions pulled from Chinese banks by foreign institutions and wealthy individuals). the sources are in Korean. but for those of you who've asked or didn't believe me...I'm going to link them. I've also linked a article from the Financial Post, titled Billions Pulled out from China. thank to brovic777
B/c of the memorial day weekend, i didn't have enough time to do an indept report..but, there are many out there who want more info about this asap. so, i'm going to do video to give you guys some brief...but important insight on this news...and also run through a few possible senerios that we may be facing.
Korean News:
http://economy.hankooki.com/lpage/worldecono/200905/e2009052218010469760.htm
http://www.asiae.co.kr/uhtml/read.php?idxno=200905211705071996
Financial Post
http://www.financialpost.com/reports/credit-crunch/story.html?id=1156102
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Tags: china US economic collapse yuan Chinese banking bank depression dollar crisis war recession housing gold silver
Added on Nov 19, 2009 by vshare
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china, US, economic, collapse, yuan, Chinese, banking, bank, depression, dollar, crisis, war, recession, housing, gold, silver, hyperinflation, stock, market, real, estate, doomsday, foreclosure, downturn, The, housing crisis, financial crisis, subprime, hyper, inflation, economy, for, sale, training, agent, agency, selling, fed, federal, reserve, money, fiat, commodities, bubble, crash, 2009, 2008, Peter, Schiff, Jim, Rogers, Gerald, Celente, Alex, Jones, Ben, Bernanke
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