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**Ccddfergt** · 05-08-2011, 11:51 PM

You must be reading the wrong news sources. LOL

2 years ago, The China government passed a directive that ALLOWED Chinese state-owned companies to WALK AWAY from loss-making commodity derivative trades from Global investment institutions like Gold,an, JP Morgan , Deutche Bank UBS etc.

None of the big Banks have dared to sue the Chinese Companies for breach of contract (yet) , despite the fact that many of the contracts were made in London , Singapore , and New York.
WHat can they do when the China government has issued an unlimited 'get out of jail card ' ??

The Western Banks will collapse when the USD drops another 25% . China has already walked away from the shit a long time ago.

And no, I'm not kidding.

http://www.reuters.com/article/2009/...47327420090831

i know the Chinese banks can walk away......................but the Western banks can't................

when the West falls....................China will follow...................

### China grew becoz money came from the West and it continues to depend on exports to the West....................

05-08-2011, 11:51 PM	#4
Ccddfergt Join Date Oct 2005 Posts 489 Senior Member	You must be reading the wrong news sources. LOL 2 years ago, The China government passed a directive that ALLOWED Chinese state-owned companies to WALK AWAY from loss-making commodity derivative trades from Global investment institutions like Gold,an, JP Morgan , Deutche Bank UBS etc. None of the big Banks have dared to sue the Chinese Companies for breach of contract (yet) , despite the fact that many of the contracts were made in London , Singapore , and New York. WHat can they do when the China government has issued an unlimited 'get out of jail card ' ?? The Western Banks will collapse when the USD drops another 25% . China has already walked away from the shit a long time ago. And no, I'm not kidding. http://www.reuters.com/article/2009/...47327420090831 i know the Chinese banks can walk away......................but the Western banks can't................ when the West falls....................China will follow................... ### China grew becoz money came from the West and it continues to depend on exports to the West....................
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