HSBC Demands Explanations from its Clients for Cash Withdrawals

[Jon]

You guys really wanna see some shit flipping stuff...

This article on Forbes was nuked... http://www.forbes.com/sites/gordonchang/2014/01/26/china-halts-bank-cash-transfers-2/

I think its only active on Google Cache..

China Halts Bank Cash Transfers - Forbes

Google: site:www.forbes.com china halts bank cash transfers

But it was quickly followed up by this: http://www.zerohedge.com/news/2014-...a-hoax-story-dennis-gartman-completely-fooled

So... conspiracy theory your asses away!

(PS- I actually like China a lot. I really respect them in biz. You should to. Or else... !!!)

 

[greenleaves]

You guys really wanna see some shit flipping stuff...

This article on Forbes was nuked... http://www.forbes.com/sites/gordonchang/2014/01/26/china-halts-bank-cash-transfers-2/

I think its only active on Google Cache..

China Halts Bank Cash Transfers - Forbes

Google: site:www.forbes.com china halts bank cash transfers

But it was quickly followed up by this: Forbes Pulls Down China Hoax Story; Even As Dennis Gartman Is Completely Fooled | Zero Hedge

So... conspiracy theory your asses away!

(PS- I actually like China a lot. I really respect them in biz. You should to. Or else... !!!)

Interdasting.

One thing stuck out on that article like a sore thumb.

If china has an internal liquidity crises, and they use fiat currency, they could, as Helicopter Ben stated, just dump money into the economy from a helicopter and solve the liquidity shortage.

So why would china not do so? What would their leaders have to gain by sending the economy into a spiral of death?

I mean, I can see how they would want to constrict/inject capital into the economy and how that could have unintended negative repercussions... but I don't see how they would push it to the point of killing the goose that laid the golden eggs?

Also, that article talks about a gold fund with $0.5 Billion in funds creating a systematic collapse. I mean, if they published a fake inflated number of $500 Billion, it might seem SLIGHTLY scary, but they didn't even bother with that. It seems a bit alarmist claiming that a $500 million default will shut down a $10 Trillion dollar economy. Which is to be expected from an organization that makes money by selling alarmist news to alarmist people. But still, I'd expect more effort if they are trying to sell dooms day ideas. Or maybe I'm just giving too much credit to the audience of those sites...