“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
Related posts:
Wall Street adviser recommends guns, ammo for protection in collapse
Oklahoma poll reveals overwhelming support for marijuana law reform
Gold Smuggling in India Spikes 446% in Last 12 Months
Cops Go Undercover at High School to Bust Special-Needs Kid for Pot
Man facing criminal charges for swimming across river from Canada to U.S.
The Birth of a New Bull Market
Obama approved F-16 fighter jets as gift to Egypt
Jeffrey Tucker: Greeks Prepare to Be Pillaged
Cops Nab 5-Year-Old for Wearing Wrong Color Shoes to School
NSA Funding N.C. State University Lab
11 Governments Are Meeting in Peru to Figure Out How They Can Control the Internet
Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism
A License to Commit Aggression
Soaring Interest Rates
The Successor to Keynes