Are China's banks starting to crack? - A $20 Trillion Problem: More Than Half Of China's Banks Fail Central Bank Stress Test

submitted by magnora7 from (zerohedge.com)

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[–]mikipika 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (2 children)

I feel like a hamster in a wheel. How many times do we need to hear it before we rise? Read the book Atlas Shrugged (1957) Watch the movie Network (1976)

[–]magnora7[S] 2 insightful - 4 fun2 insightful - 3 fun3 insightful - 4 fun -  (1 child)

"Those who don't learn from history are doomed to repeat it. And those who do learn from it are doomed to watch everyone else repeat it."

[–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

I like that second part.

[–]useless_aether 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (5 children)

another one from zh: https://www.zerohedge.com/markets/second-bank-run-two-weeks-chinas-banks-are-caught-self-destructive-doom-loop

[–]magnora7[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (4 children)

China is so fragile, even already this HK action is damaging their trade and economy. How long can the CCP keep the house of cards up?

[–]useless_aether 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

time for the communist junta to go! free tibet! free the uyghurs, the mongols and the rest! freedom of religion!

[–][deleted]  (2 children)

[deleted]

    [–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

    I'm sure they will, but the more they isolate their nation internationally, the more their own economy will suffer. So unless they want to become like North Korea, they should probably try and have good international relations and stop trying to take independent nations by military force

    [–]RatherSmallPotato 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

    Can this topple the world economy or is it fairly isolated to China? It's known that there's a massive bubble there for a long time.

    [–]midnightryder 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

    Honestly if China does crash the world should just eat the pain and gradually move away from their markets as much as practical. I hope they don't get propped up.

    They've proven they cannot be trusted with power internationally, they have no respect for intellectual property law, they're stubborn as a mule against human rights and letting people have a voice or even freedom to believe what they will. It's high time the world starts to move it's business on to nations that at least have a bit respect for democracy and liberty. Wishful thinking though cause there's a lot of closet supporters of the CCP in Western governments, which has been the real collusion all along.

    [–]Tiwaking 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

    Thats what you get for wasting all your money buying Africa and not improving the lives of the Chinese people.