Monday, September 19, 2016

CHINESE BANKING IN TROUBLE?

This is worrisome.  When it all goes, it will be spectacular!

Good to have six months of operating expenses in hand.  I am not so sure the banks are safe anymore.  Not advice - just musings.  Basically, they will rely on using your savings if their bad policies go south on them.  That plus negative interest rates (you owe them money to keep your money in their institutions) give very little incentive to keep the money in their vaults (or computers - as the case may be.....):

http://www.telegraph.co.uk/business/2016/09/18/bis-flashes-red-alert-for-a-banking-crisis-in-china/

Still waiting for something to bust loose over in Syria.  Go Natan!! 

Yesterday, I saw a headline on the Drudge Report:  Serious in Syria.  Soon, my play on words "Syrias" will catch on....lol

The reality is that - after a BRUTAL last year - I have not been in as good a situation on so many levels, as I am right now.  I really feel sporty over my personal situation - thanks to just being able to white-knuckle it through some crazy stuff - so I would like the status quo to just keep rolling on as it is right now.  But I know WAY too many others who are in desperation's grasp - and I know that the thin veneer of normalcy can peel away at any moment - so I just relish the moments of contentment and enjoy them to their fullest.  And then move forward.

1 comment:

  1. An interesting take on the BIS warning: http://thedailycoin.org/2016/09/19/bis-warns-china-is-imploding/

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