The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (15287)	6/16/2004 1:53:31 PM
From: russwinter	Read Replies (4) of 110194

My theory on the missing Chinese foreign reserves reporting. Message 20223695 Fresh loans have been made to selected cronies and insiders, to 1. support their money losing businesses that are being ravaged by input goods inflation. 2. allows these pirates to keep operating under the guise of legitimate businesses, while "loans" are money laundered abroad. Friend in Bellevue, Wash (Seattle suburb) tells me of Chinese buying houses in exclusive neighborhoods, often with cash, leaving them empty. The neighbors then all complain because of all the weeds and untended property. I think a lot of this money finds it's way into more aggressive US stock market speculation too.

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