Chinese Bank - Bank of Liuzhou - hit by $4.9 bn Loan Fraud - Black swan born?
1,315 views · Published 17 February 2016 · 5:09 · Indexed 17 October 2026
Channel: The 2% Brief · 2016 · People & Blogs
http://www.illuminatisilver.com http://www.facebook.com/illuminatisilver Chinese Bank - Bank of Liuzhou - hit by $4 9 bn Loan Fraud Today is Wednesday 17th February 2016 and we are providing just a brief commentary on an announcement made only an hour ago and which is likely to hit many of the major Newspaper headlines – “Chinese Bank hit by $4.9 bn Loan Fraud.” The Chinese banking system is estimated to be worth approximately $29 trillion. This system is already under enormous pressure from an indebted corporate sector. Unlike the Banking systems in the West, which have admittedly had their own problems, the Chinese system is less regulated and open to greater abuse. Of course it would be as it is still a fledgling in terms of experience compared to the British, European and US systems. There has been in recent months a series of loan frauds committed against major Banks such as the Agricultural Bank of China as well as much smaller commercial lenders. The latest victim is the Bank of Liuzhou where 32.8bn Renminbi or $4.9 bn in fraudulent loans were discovered by the Bank late last year. This figure represents over 40% of the Bank’s total assets – so large in fact that State support is likely to be required in order to save it. We have often said that one needs to watch China closely. It has been the main growth engine of the World for a number of years, and on which many economies depend. This is just another chink in its armour which one should observe carefully and hope and trust the Authorities take a grip of, lest a potential black swan is born. Please view our recent videos: Trump not a serious contender for President according to Obama. https://youtu.be/5v_mz-rtBms Gold and Silver Price Forecast 2016 by illuminati silver (part 1 of 3) https://youtu.be/UA9LMnU18RY Markets sent Crashing by Secret Russia and Saudi Arabia Oil Deal. https://youtu.be/41xqTFQHmY0 Japans economy contracts by 1.4% for 2015 https://youtu.be/oGnp9mwMRjg Why China has been selling US Dollars https://youtu.be/UZvtz--gTrE Gold and Silver Update w/e 12th February 2016 - by illuminati silver https://youtu.be/4fKqUtCA9Sw ABX launches today - improving transparency and price discovery in the Precious Metals Market https://youtu.be/K2OhVc8qUiI Janet Yellens Statement today proves Fed is more Dovish than Hawkish https://youtu.be/LFTxmWsSHoQ Trump Wins New Hampshire, Kasich 2nd and Cruz 3rd - Christie may now bow out https://youtu.be/ohFBXmMmEko Gold and Silver Price Manipulation - Part 6 of 11 - by illuminati Silver https://youtu.be/jg74Ub-KNVY Trump ahead - New Hampshire Republican Presidential Debate 2016 - analysis https://youtu.be/pxyKHbPNuuc Iran demands to Trade Oil in Euro’s and not Dollars https://youtu.be/D7mfkEI3stM
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