Hi Bubba, I am guessing that the bank bailing will take a few rounds, but, as the world's CBs are working furiously to reflate the financial economy, the 'money' will be there when needed for Chinese banks again.
Such is the beauty of a fiat money system, that every country can play the game, the little guys (countries as well as economic families) get hurt the fastest and 'mostest'.
When the system breaks, just print some more. Fiat money system operates as does a drug addict.
In China's case, right now, the printing is buying roads, dams, and factories, as opposed to SUVs, vacation homes and groceries.
Chugs, Jay |
