The Banks are Insolvent

Back of my neck getting dirty and gritty!

This is true, but believe it or not from what I have seen with my time at Sinopec the Chinese are even more insolvent. The only way the globalists – i.e., international banking nexus – can save the CCP is to crash the US dollar first.

China pushes it’s version of Federal Debt down onto the numerous state-owned companies and this works down through the provinces all the way down to the cities. Thus there is “never” any debt problem at a national level until the state-owned banking sector wobbles. Plus they have the magic of Chinese accounting that doesn’t depreciate fixed assets, doesn’t discount cash flows for investment return analysis, and just makes Yuan denominated debt disappear as part of state policy.

E.g. the Sinopec division Sinopec International which deals outside of China and thus in the US dollar world had accumulated more than USD $700 billion in debt. This was a 4,100 person subsidiary of a 1,200,000 million person company so imagine how much debt the parent organization is holding. This is the case as far as I can tell with every state owned Chinese company, from the national level down to the city level which they can deal with through magic accounting inside their own borders with debt held in their own currency.

They have been insolvent since they were allowed to do fractional reserves. One could argue they had a great potential to be insolvent when they loaned “your money, i.e. deposits” to other individuals with little or no collateral. That would be called gambling with your money. Another way to look at this is this makes Bernie Madoff look like a choir child, that is investment firms, which includes banks. Last but not least, if this leads to a world war, then remember, all wars are bankers/industrialist wars. The bankers/industrialists make money on both sides of the street with that one.

In the end it is the little guy for the most part that winds up being castrated.