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- out and out crooks defaulting every which way they can
China's government, corporate and household sectors have huge amounts of debt
- Be prepared: Asia braces for impact of more US rate rises, state-run BBC
As Jan Psaki was asked when she claimed the Great Satan had a "long-standing" policy to support democracy, how long is "long-standing"?
Only the corporate sector in China has an outsized debt load and even then, given the rate of growth, which is far higher than the claimed 6.7% (just look at Alibaba's turnover) such debt would, then, be justified.
Debt in the gangster-run, Anglo-thieved prison-states, however has accumulated over decades and is used for consumption not for production.
Furthermore, some of the propaganda rags have admitted that a large proportion of the so-called capital outflow from China is merely firms re-structuring their debt in renminbi. So they've paid back their "worthless paper" USD denominated loans. This is with the ECB and BoJ imposing negative interest rates on banks with excess capital. In other words, the theme is supporting the "worthless paper" USD as the Great Satan racks up $1trn+ annual deficits, mostly in QE, which one senior FED official admitted was the "greatest backdoor Wall St. bailout of all time". It's where the goons & thugs gift free Great Satan bonds to the banksters to recapitalise them for the new gold standard and the FED buys them at way over 100c on the dollar.
And here's more of their corruption and lies: Mr Mnuchin added he had been "very clear that we do believe in free trade but we believe in balanced trade".
- G20 finance ministers drop anti-protectionist pledge
All the gangster-run, Anglo-thieved prison-states have HUGE deficits, far larger than debt in China on any measure and unlike their propaganda, I can specify that it's ORDERS OF MAGNITUDE higher. So they have to inflate to default on their debts via inflation. But this means they run HUGE and seemingly permanent trade deficits, especially as no one wants to buy their krudware.
War criminal, The Donald, has accused other nations of "cheating" despite none of those accused being thieved nations and China of being "the biggest trade cheater in the World" despite the gangster-run, thieved prison-state of Amerika having the most WTO complaints against it. He also fails to specify how they're supposed to be cheating. Very obviously, this pre-empts his own cheating and reneging on promises with the removal of the no-protectionism pledge at the G20 summit. War criminal, The Donald, previously reneged on $40m of a $640m loan from Deutsche Bank, claiming they were responsible for his bad investments and he has also reneged six other times by filing for bankruptcy. Already double-dealing by having the Taiwan Relations Act contradicting its "One China" agreement, war criminal, The Donald, then suggests re-negotiating it and then NAFTA too.
They're bankrupt and as Dagong rating agency states, "insolvent" and desperate, which is why they've selected this crook as POTUS and with his predecessor even robbing the sheeple on the highways. Already, they're extorting cash out of everyone; even Navinder Sarao who they're trying to shake-down for $38.4m as well as kim dotcom. They only fined Gangster Motors $12m for killing over 100 people with the faulty ignition switch, which they knew about for over a decade. In both cases, Sarao and Dotcom have not violated any domestic freakin' laws!!
AND, they accumulated this debt with the "worthless paper" USD funny-money in the first place, forcing oil-exporter to accept it at the point of a gun.
They also cheat Asians by imposing a white-supremacist, apartheid 12.2% quota, thieved America, defaulted on gold (the biggest default in all of history) and plagiarise with the Echelon and Five Eyes spy rings with the NSA having a mandate for industrial espionage, continue to have a slave system disguised as a prison system, whilst smearing everyone else's goods and STILL THEY CAN'T FREAKIN WELL COMPETE!
Disgusting cabal of crooks!