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Old 07-06-2020, 05:29 PM   #156 (permalink)
redneck
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Quote:
Originally Posted by freebeard View Post
Backgrounder on China's shadow banking system:
en.wikipedia.org/wiki/Shadow_Banking_in_China

It turns out the shadow banks use the 'gold' reserves as collateral.

The race is on, which collapses first: the shadow banks or Three Gorges dam?


It gets better...

83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal

https://www.zerohedge.com/markets/83...eiting-scandal

>

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