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22-03-2023, 01:17 PM
The print money countries exploit their reserve currency status to sweep banking problems under carpet.
Europe has many zombie banks from the European crisis that are technically insolvent but kept alive.
Japan is the worse from the bubble economy of 1990s the zombie Bank problem nobody wanted to deal with then because so many.
Credit to China to mandate the 3 red lines to deal with real estate bubble and putting all the big banks like ICBC, BOC and CCB under tight govt regulation. Too many ordinary citizens have suffered from the effects of multiple bank excesses that resulted in collapse in US and UK...and these losses are socialised and paid for by tax payers.
Europe has many zombie banks from the European crisis that are technically insolvent but kept alive.
Japan is the worse from the bubble economy of 1990s the zombie Bank problem nobody wanted to deal with then because so many.
Credit to China to mandate the 3 red lines to deal with real estate bubble and putting all the big banks like ICBC, BOC and CCB under tight govt regulation. Too many ordinary citizens have suffered from the effects of multiple bank excesses that resulted in collapse in US and UK...and these losses are socialised and paid for by tax payers.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
