“After having less than half the total US deposits back in 2005, China has pumped enough cash into the economy using various public and private conduits to make even Ben Bernanke blush: between January 2005 and January 2013, Chinese bank deposits have soared by a whopping $11 trillion, rising from $4 trillion to $15 trillion! We have no idea what the real Chinese GDP number is but this expansion alone is anywhere between 200 and 300% of the real GDP as it stands now.”
http://www.zerohedge.com/news/2013-02-08/china-accounts-nearly-half-worlds-new-money-supply
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
The 'New Science' Of Psychedelics
The Age of Bitcoin: Why Bitcoin Will Be Huge
Clueless Grandstanding Senator Calls For US To Ban Bitcoin
Gov. Standards Agency Suggests Dropping NSA-Influenced Algorithm
What Exactly Are the NSA’s ‘Groundbreaking Cryptanalytic Capabilities’?
Swiss Gold Initiative's Paypal Donation Account Frozen
China Increases Capital Controls, Warns It May Dump Treasuries
WikiLeaks: Snowden Risks Being Stuck in Russia 'Permanently'
What Forced Separation Feels Like
Are Mexican drug cartels recruiting U.S. soldiers as hit men?
Key West man writes ‘F*ck Obama’ on will and then kills himself
Chinese Soldiers March Into Indian Territory, Pitch Tents, Declare Land For China
Federal Court Upholds Random 'Papers Please' License Roadblocks
Lenders will target near-equity squatters for future foreclosures
Philly Judge Who Found Cop Not Guilty, Married to Cop