The Shit Is Aimed Twards The Fan

[Moab]

Think things are bad now ... well China is......

A clear indicator of global concern over a crash in China is the rising net value of outstanding credit default swaps (CDS) on Chinese sovereign debt—a type of insurance against a Chinese government default. This now stands at $US8.3 billion—the world’s 10^th largest total, ahead of Portugal and the Bank of America. Just two years ago, the CDS total for China was $1.6 billion and ranked 227^th in the world.

China is experiencing the same problem as the rest of the world. The 1% of China are taking their money out of China and investing in Germany and the EU. China's new billionaire/millionare community is bleeding the country dry of cash converting the Chinese currency to German and American Bonds.

[maverick35]

Old Mav realizes it is October 2011 money in China is controled by some kind of pro America and so kind of Chinese Democrat Republican party and so butt then like the world the wealthy rich always r the same kind and so old Mav is no not that kind and so sufers for it butt such is life at 67 old Mav needs a miracle before it is too late for old Mav RIGHT sorry right... sorry old Mav

[bluffmanxx]

8.3 billion is chump change. obama spends that much on vacations