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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Chip McVickar who wrote (1068)	12/1/1998 9:45:00 PM
From: Z268	Read Replies (1) of 3536

Yet another time bomb ticking away..... smh.com.au China's banking system is yet another time bomb ticking away. This article sounds to me suspiciously like rearranging the chairs on the Titanic at worst, or a benign attempt at best. If the Chinese banking system goes, watch out for the fireworks, because by then, the Army and the Party can lay claim to a "It wasn't us, it was the capitalists" line. Russia is another time bomb (literally, with those nuclear warheads still perfectly maintained and fully functional). When the crunch comes, it could well start with the German banks, which have the largest exposure to Russia. A few years ago, I thought George Orwell's most famous novel was a pure work of fiction, now I am not so sure. 1984 can still happen in 2004, or 2014 (hopefully not!). Best, Steve Yeo

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