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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
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To: TobagoJack who wrote (73037)4/12/2011 10:22:56 AM
From: elmatador  Read Replies (1) of 219219
 
The futility of that Libya thing: "The China Development Bank, for example, is the largest quasi-commercial bank in the world. With assets of US$350 billion, it is bigger than the World Bank and the Asia Bank. The China Exim-Bank is the world’s third largest export credit agency – its principal mandate being to “implement state policies in industry, foreign trade and economy, finance and foreign affairs”. The newly created China Investment Corporation (CIC) sits on an acquisition war chest of US$200 billion, courtesy of the Chinese Central bank, now wanting to diversify its foreign exchange holdings out of US dollars and Treasury bonds into resource assets."

It is this golden triangle that exists between Chinese companies, the state and quasicommercial lending institutions that provide Chinese oil companies with cheap finance to undercut their Western competitors. ´

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