This page has been archived and commenting is disabled.
China State Official Hints Beijing May Bailout Greece
On Monday, after Greek PM Alexis Tsipras’ dramatic referendum call sparked a run on Greek ATMs, grocery stores, and gas stations, we did our part to help ameliorate the situation by sending a subtle message to Athens:
Dear Greece, if you want to apply for a loan from the Asian Infrastructure Investment Bank, send an email to: information@aiibank.org
— zerohedge (@zerohedge) June 28, 2015
Indeed, now may be an opportune time to tap Beijing for a few billion given that China officially launched the AIIB this week. As a reminder, the success of China’s AIIB membership drive was a political disaster for The White House, which expended considerable effort to discourage US allies from supporting the new China-led venture.
As such, it would be difficult to imagine a more fitting pilot program for the world’s newest supranational lender than a rescue package for the birthplace of Western democracy which has been brought to its knees by that most Western of all multilateral institutions, the IMF.
And while any funding to Greece from China would likely be channeled through the Silk Road fund (at least for now, given that the AIIB is just a few days old, officially), any aid from Xi Jinping’s deep pockets to Athens would represent a spectacular coup on both an economic and political level.
While the world is by now likely incredulous about the prospects for a Greek “Eastern” pivot (around a half dozen Russian headfakes have made us somewhat numb to the idea), Chinese assistance might be more likely than Europe cares to admit. Sputnik News has more:
China may help Greece directly through its new financial instruments, director of the Quantitative Finance Department at China's Institute of Quantitative and Technical Economics told Sputnik China.
Goldman Sachs predicted in a report published on Wednesday that in a worst-case scenaria China's exports would decline 2.2 percent as a result of Greece's economic crisis. Other than exports to Greece itself, the crisis could also hurt the economies of nearby countries, where Chinese businessmen have also made considerable investments.
"The Greek crisis has an undoubtedly seriously influence on China's trade with Greece and investment into the country. But I think that European countries together with China can help Greece overcome the problems that arose," Fan Mingtao said.
"I believe there are two ways to give Greece Chinese aid. First, within the framework of the international aid through EU countries. Second, China could aid Greece directly. Especially considering the Silk Road Economic Belt and the Asian Infrastructure Investment Bank. China has this ability," Fan added.
And while it's impossible to overstate how hilariously ironic it is that Communist China could be the world's best hope for preventing the birthplace of Western civilization from careening into the Third World, there's a more subtle joke here as well. We'll let readers discern what that joke is with the help of the following graphic:
»
- 83508 reads
- Printer-friendly version
- Send to friend
- advertisements -
Easier to buy some islands, than build more of their own?
Make one condition that the IMF gets nothing! More liquidation of UST.
RIPS
… I always get sick when I mix Greek and Chinese !
There is always a caveat in Chinese aid and that is relaxed immigration standards.
Greece does need more neighborhood massage shops.
Let the dragon eat the debt.
Why not?
Yo neocons - fu<k you!
lol oh fuck.
That was unexpected.
We just need the Chinese to tell the Greeks "vote no, and we have cash for you."
"Dear Greece, vote "no" take $30 Billion in UST, leave the EUR, but stay in EU and NATO, and every year you vote the way we want you to -- you get another $2 Billion"
http://www.focus.de/finanzen/videos/vor-einer-eu-vertretung-eu-eurozone-...
On an aside -- you know things in Greece are super fucked up when the Nazis & the Commies want the same thing.
Washington will let Moscow or Beijing buy Athens over our dead bodies.
With heavy trading in the dollar the value is decreasing due to the increase in velocity in the $100T dollar market.
The dollar is run into but then loaned out again by bond desks worldwide. The game is going into overdrive and the currency market will be folded into itself like a super nova.
The bang will be defeaning.
Looks to me like the Hegelian dialectic and the "Good" NWO vs. the "Bad" NWO false paradigm is alive and well.
China, Russia and BRICs to the rescue as predicted... then later onward with the IMF-SRD (AKA "the Phoenix")
Even Schaeuble hinted that Greece could vote "No" and still remain in the European Union to make it easier for Greece to exit the currency union (Euro) > http://www.bloomberg.com/news/articles/2015-06-30/schaeuble-said-to-see-...
I think anyone who doesn't have a clue what I am talking about would be wise to take a couple minutes and read some of Brandon Smith's writings.
This a good overview of the situation... > http://www.alt-market.com/articles/2626-the-us-and-eu-will-collapse-rega...
Yep.
http://redefininggod.com/nwo-schedule-of-implementation/
You're a smart man Dave and that's a great little site.
Actually they can vote "No" and exit the euro into the nascent "Good NWO" right now... or they can vote "Yes" and relinquish all national sovereignty to Brussels in the process and probably still remain in the European Union in both instances.
Either outcome suits the interests of the Globalists equally but I think they will leave and get the IMF-SDR started in earnest. It's getting very late in the old Ponzi that has been wired to blow like WTC's 1,2, 6 and 7.
Greece banks will reopen with Yuan + no more tradings with the EU.
Before this is over there'll be blue helmets and others to loot & destroy Greece.
I'm guessing blue helmets are a way to trick eveyone into thinking oppressors are easily recognisable. When the balloon goes up, the TPTB want us to be the last to know it is our friends and nieghbors who are the new enforcer class. The oppressors will look like anyone in town. Hiding in plain site until the tipping point TPTB initiate.
I don't see the Greeks voting to leave the Euro. If they decide to stay, then Tsipras will have to resign. The blue helmets will be allowed to stay at home.
wired to blow like WTC's 1,2, 6 and 7
Poetic! That makes me want to learn how to play punk rock just so I can start a band and name it "wired to blow like WTC's"
This all sure looks like a lot of really bad ideas all lumped together near as I can tell.
The USA has like ZERO interests in Europe. So now we're being drawn into Russo/Eurpean War?
And an economic at that???
This sounds like defaults for as far as the eye can see as prices fall everywhere and the bulk of human civilization goes full on "beggar thy neighbor."
Whatever it is it sure looks too late to stop any of it.
"Fukushima" and "Crimea" and now a Chinese equity collapse...these things can be stuck in place for a VERY long time.
No surprise the SpaceX rocket blew I guess...shouldn't be a problem to mint real copper pennies though that's fer sure...
Over a century ago...
(Note: The Protocols is a blatant plagiarism, so "goyim" could easily be replaced by "common man".)
indeed very odd on your aside
establishment vs not is how it's split
I said this here a couple of weeks ago that Russia and/or China will eventually bail out Greece. Russia is physically and politically close (being Leftist like Syriza party) plus has very decent sized reserves and China is the only country who is not bankrupt nor loaded with debt unlike every other nation in the world barring a few oil exporting nations.
joint project for chump change = finger in wests eye
Nice Tits.......r they really yours? Want to rent them? UMMMMMMMMM
Typical male hung on nips! Not Japanese!
Plus Greece is a NATO country, and this would give Russia/China a say in NATO. It would be huge, which is why it probablly won't happen.
Yep, it'll happen, but not until Greece declares all its debt "odious."
China's not loaded with debt?
Say what again?
Yep! You may be surprised but the Govt has over USD 4 trilion in reserves.....and have bought almost every single asset in the world over the last 5-10 years that has come to the market at distress prices yet are able to bail out Greece....Russia...Portugal...what not. Don't forget AMC theatres or Waldorf Astoria or JPM HQ or Motorola or Volvo or Peugeot....so yeah..they have enough cash!
With these asset purchases, they have started new revenue streams.
They have margin debt ONLY in stocks...but with 90 million stock trading accounts ONLY investing so far...this margin debt will keep rising....because it is backed by solid cash generating and profitable companies.
They have almost no debt issues in real estate because it is very typical of the Chinese not to buy anything on debt especially in real estate.
Their oil companies, banks and other large companies are not riddled with debt unlike every other nation from Japan to US and everyone in between! Guess what, silly Americans sent billions to China by buying their Alibaba stock to help them, as if they needed more money!
Funny Americans, I tell you! Don't have money to eat yet keep sending billions to China! :)
Pretty sure you did not thunk of that!
maybe "black china" is more appropriate than red.
Heard the same thing about Japan in the 1980s - they are going to buy the world.
And the Greeks don't have the ability to pay this back - so it's a circle jerk where China gives Greece the cash to payoff EU & IMF.
Now China 'owns' Greece' - but how to profit? Naval bases? Free immigation for a few million Chinese?
And - the U.S. always has at least $1 MORE USD than anyone else (crtl P and all that MAD scenarios)
GoD- when does Judgment Day arrive? Why have you foresaken us to these fucking money-changers?
Because it's a zero sum game....money flows like water...wherever there is growth.
The money from bankrupt countries has moved to Asia...what can I say?
They are productive (as in producing more than a decade ago), are thrifty people and good savers, are consuming more than ever before....it is a natural cycle...someone on this planet has to be doing well....if it's an entire nation..so be it!
I talked about Japan a few months ago...why it is not the same as China....cannot find the link in my prior comments...and cannot be bothered to type out all 8 points again...Japan of the 80's and China of today are like chalk and cheese....that's all I can say..there is simply no comparison.
China will take over the world for good....Japan was always subservient to the US and continues to be so until this day, especially after being bombed by the Yankees!
"GoD- when does Judgment Day arrive? Why have you foresaken us to these fucking money-changers?"
The First Judgement Day occured on 3/11/11, when Fukushima blew up. 3 massive cores blown sky-high, along with their Spent Fuel Pools, and the rest of all the nuclear fuel on site burned in the following weeks.
The melted cores are now well below any containment, with a fresh water river flowing over them and into the Pacific Ocean. The Northern Pacific Ocean is, for all intents and purposes, dead. Fish are dying all the way down to the southern tip of Chile. Those cores will increase in temperature for 250,000 years, what's been thrown into the jetstream and dispersed around the world will be lethal for a billion years.
And Fukushima is only the beginning. There are more facilities in Japan on the coastline that have been rocked by further earthquakes and are in grave danger of losing power to the cooling systems - more explosions and fires.
Most nuclear power plants around the world are now well past their expiration dates, and complete engineering failure to atmosphere is only a short matter of time.
There is no escape, this massive global distribution of plutonium and enriched uranium will slowly - and painfully - kill all life on Earth, and in its' seas.
No one said Judgement Day would be over quick. We are only at the beginning of a billion year long, horrific Hell on Earth, courtesy of the psychopaths at the top of the Pyramid.
Judgement Day has already come, and there will be more - every time a nuclear power plant explodes.
God is pissed, and is going to cook us all off slowly.
China DOES NOT have $usd 4 trillion in F/X reserves. I repect your analytics and posts, but that figure is factually incorrect.
At best China has 2.8-3.2 trillion $usd "equivalent" in F/X reserves. China is struggling with F/X outflows, and has been for 2-3 years.
Right.
I read months ago it was down to under $2 trillion.
They've been selling into the strong dollar.
But not so much as to drive down the price of high flying buck.
Hey Yen,
Thanks for your comments.
Here is proof that the USD 4 trillion number is indeed correct and that too from St Louis Fed. https://research.stlouisfed.org/fred2/series/TRESEGCNM052N
And you must account for dollar movement. Yuan has held steady over the last year while most currencies like that of Nigeria, Brazil, Russia, South Africa have got decimated. While Malaysia, Mexico, Australia, Canada, Europe are reeling under serious declines.
This does not include gold, therefore, these articles are to be added on top of the USD 4 trillion:
Central Bank Gold Buying Soars To Near A 50-Year High
http://www.gold-eagle.com/article/central-bank-gold-buying-soars-near-50...
China's central bank may have secretly bought 300t of gold this year
http://www.mining.com/chinas-central-bank-may-have-secretly-bought-300t-...
China Says To Help Qatar Central Bank Buy Chinese Bonds
http://gulfbusiness.com/2014/04/china-says-help-qatar-central-bank-buy-c...
Chinese central bank has 2% of Mediobanca
http://www.ansa.it/english/news/business/2014/10/21/chinese-central-bank...
China central bank buys 2 percent of Italy's Eni, Enel
In my view, there are no real outflows out of China. Whatever outlfows are there causing movement in the reserves etc, are going to invest overseas into distressed assets which will generate nice cash flows and superlative returns in the next decade. Rather, thanks to the anti corruption drive, money has stopped flowing outward as much in the last year. Most of the 'outflows' are basically currency adjustment due to the 'strong' dollar since most assets are denominated in USD (but marked to market in yuan) but that is changing too.
US Treasuries have been sold in the last 1-2 years, help to Portugal, Qatar, Russia, Argentina, Venezuela, all of Africa etc been provided and yuan demand has been created with over 60 countries adding it to their reserves already. Once IMF includes yuan in SDR and MSCI announces addition of China later in 2015, things will look at a lot different by next year for the Chinese economy.
China has just allowed all foreigners who have stayed in China for more than 4 years to be allowed to get 'immigration' status and be same like Chinese which will provide some more demand for real estate as well as add to the permanent talent pool.
I would ask you to provide me some data for your statements on outflows and actual reserves and a clarification on your comment that my information is indeed accurate and not 'factually incorrect'.
How much do they pay you for trolling on behalf of the PROC? ITs simpley not true what you say. And its not true that Han are a superior race.
You been here 6 weeks and you already trolling...?
Peek inside your conscience and tell us which Godforsaken Govt you work and get paid from? (Is it CIA or Mossad?) Yes...you just have 2 options....ok...I will throw in a third...NSA? maybe a fourth...MI6?
Trust me, your job is not worth the paper it's written on! Brain dead one at that! Seeking just money and no conscience or ability to think independently any more! Yes, money does that to people - it makes them like you! Do you remember ANYTHING they taught you in school? Assuming you went to one....
Wonder how you look at your near and dear ones when you go back home? Do you want to kill them too?
Do they have all-you-can-eat Chinese buffets there? Those are always popular. Put one in every Greek town.
They'll be hooked faster than you can say monosodium glutamate! Paid back quick.
Don't insult the Chinese, they are bailing out your country! (wherever you are).
I thought that was Koreans.
and the Saudis too, but they are tamed by Uncle Sam.
The Chinese would be a big improvement over the immigrants currently pouring into Europe.
As well, they are very fond to export their slave labor abroad. You boys been out to W. Africa lately?
P.I.G.S. wrapped in WONTONS. Must be good
IMF - is the only financial instrument the US authorities over the rest of the world and nothing more.
IMF - a subsidiary of the Federal Reserve. I mean that the IMF - is the tool of international influence in the mechanism of the world financial dictatorship of the Fed.
One problem with the new bail out rumor - China is not stupid.
Yeah right - I'll give anyone here 3 to 1 that China doesn't send one red cent to Greece.
I'll take it. Stakes: 1 silver eagle.
Me too
What's a one ounce Eagle worth in Yen - or is it Yuan ??
Still around $25 on eBay.
the first way, through the EU, is out of the question. that was the cat toying with the mouse. it will come the 2nd way, directly, but first Greece should formely leave the EU and the euro and call all debts null and void. then, they use the yuan and have china/russia take their back militarily to avoid getting ukrained.
Greece's choice - to become either the next Ukraine or Syria?
Are you paying attention, France and Italy? Or Illinios and Michigan?
Now that is the comment of the thread ! A quick scenario for the Death of the Dollar. Sudden, thorough, and very painful financially.
And China appreciates many old structures - Chinese tourist buses at the Parthenon and tours of Athens and the Greek Islands may be in the future for the New Chinese Middle Class.
No Navy (EU); No repo of Crete
China will satisfy Greek debt with US Treasuries!
LOLOLOLOL
What a beautiful chess move that would be.
"China will satisfy Greek debt with US Treasuries!"
That actually made me laugh out loud. Good work!
Or any spare Federal Reserve Fiatscos they have laying around collecting dust....
Throw those worthless euros out of Greece!!
hahahaha China bailing out greece with U.S. treasuries stockpile made me smile))) Kill two birds with one stone)
Americans play checkers
Russians play chess
Chinese play Go
... and you're left playing with yourself
.....and you are watching him and taking pictures
it wasn't much to look at
I think the Acropolis would look nice sitting in Bejing
All Greeks are now belong to us
Yes, trash for trash...
Exactamundo! China needs to unload that paper trash anyway - what better purchase than an entire country?
China will get hard assets in exchange.
A perfect play for them.
IMF wouldn't dare reject the US toilet paper.
China has been doing it for years in the US.
This may have been the neocon's plan all along.
how was it the plan of the "neocons" all along, exactly?
This move would destabilize Europe for many years.
Military spending will go up.
Win-Win!
I think it would take Chinese or Russian naval presence to justify that, but I hear what you're saying.
They'll declare war on their own citizens, like where the US is headed. No need to drag other countries in when your own population are all 'potential domestic terrorists'.
MIC profits to the moon!
The opportunity to secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself. Sun Tzu
"At what point shall we expect the approach of danger? By what means shall we fortify against it? Shall we expect some transatlantic military giant, to step the Ocean, and crush us at a blow? Never! All the armies of Europe, Asia and Africa combined, with all the treasure of the earth (our own excepted) in their military chest; with a Buonaparte for a commander, could not by force, take a drink from the Ohio, or make a track on the Blue Ridge, in a trial of a thousand years. At what point, then, is the approach of danger to be expected? I answer, if it ever reach us it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide."
- Abraham Lincoln, Jan. 27. 1838 address to the Young Men's Lyceum of Springfield, IL, entitled "The Perpetuation of our Political Institutions
China wants to dump Treasuries in a bad way but without loosing a bundle in the devesture. This one would a brilliant move on the part of the Chinees. The get land deals and what not and get rid of the worthless paper. Yeah, that could work. Great thought there Chuck
They have no need or want to dump T-bills, they are getting the highest returns with the most security. If they wanted to divest themselves they could do so easily.
They are keeping their enemy close
Are they really enemies?
They act like partners.
But they are enemies to the little people.
Little people don't count.
I'm thinking that the PBoC definitely plays ball with all of the other CBs.
All for the same master.
Nationalism is tiny in comparison (befitting the little people).
So... they're staying with US fiat chits, because... they consistently get more fiat chits?
Wow, you must be that guy who's "The Most Interesting Man In The World" we see in those Disorganized Equis commercials.
I've come to tha conclusion years ago when I heard that the Chinese where making major investments in Centeral America. T-bills and US bonds for land that was bought with illegal cash from the drug trade. Those T-bills then make there way to the US with the 'rich' women that control such income, to the envirns of Miami and NYC.. Our 'dirt' comes back to roost.
China will satisfy Greek debt with US Treasuries!
That's one of the most brilliant comments I've read on Zerohedge.
Dammit Sir, you bet me to it!!!
It's actually a brilliant plan. China provides a liquidity transfer of UST to the BoG allowing it to print (either Euros or Drachmas) using the USTs as reserve funds. In exchange China gets added access to Greek ports and southern European markets and Russia gets the gas line they want.
In addition this would give Spain and Portugal a precedent allowing them to provide access to China in exchange for soon to be worthless US paper.
Is almost like buying a gold mine with fiat dollars :-))
It gives Europe a way to marry off it's 'PIGS' and spook the West into moar military spending.
That was precisely my first thought as to the why and how... China got to spend out those USDs before the true value of that paper is realized - China knows that as a currency it's doomed.
BUT I wouldn't bet on China to make good on current Greek debts. More like they will step in as emergency rescue, gaining all the same leverage, at a much lower price after Euro debt has been defaulted.
duplicate/delete
Beijing may bail out the EU FTFY
Move over Barack move over Merckle ...let the new super power take over.
I've thought about this a couple of times and for China it would be a cheap power play and a giant bitch slap to the west.......
Many ZHers have been calling this move for awhile now. We shall see.
They could finance their assistance to Greece by selling US Treasuries.
Ze Germans!
May need to up their bailout to the US....Fitch just chopped US growth forecast from 3.1% to 2.2% and lowered guidance into 2017...
' This sho' enuf a bizarre sight in the middle of all this shit ' !
Clean .... Apocalypse Now
More banksters. We're all doomed.
"As such, it would be difficult to imagine a more fitting pilot program for the world’s newest supranational lender than a rescue package for the birthplace of Western democracy which has been brought to its knees by that most Western of all multilateral institutions, the IMF."
But here's the $64,000 question: Are they ready to step up to the plate afterwards and rescue Portugal, Spain, and Italy?
Why not. Silk Road from South China Sea to South Atlantic. Nice.
and why not? they dream about creating Eurasia from Lisbon to Beijing. And of course: to wriggle the entire EU from the grip of the USA. China does not want EU to fall apart, they just want to lure it away from the USA. Do you remember, how the power of the USA over the Europe started? The Marshall Plan. How fitting it would be for China to do the same now:-)
China wouldn't need to bail-out Spain, Portugal or Italy. The EU structure would simply crater while the US would go crazy if Greece left NATO. An entirely new geo-political/economic paradigm would merge.
Greece left NATO - and NATO leaves its Greek bases sitting empty after Greece leaves?
WW3 is closer than many realize.
"WW3 is closer than many realize."
All I know is that there is a vile bully that has been fucking the entire planet for a very long time, and as of now I am aching to see that bully have its ugly face pushed in. So bring it on already!
China wouldn't need to bail-out Spain, Portugal or Italy. The EU structure would simply crater while the US would go crazy if Greece left NATO. An entirely new geo-political/economic paradigm would merge.
Maybe they'll baiil out Puerto Rico too.
I'm getting a mental picture that is making my head spin.
A naval base in Puerto Rico could prove handy for them.
I would prefer Russia. They could lead the nation back to morality , personal liberty and fiscal soundness. We have got to get rid of these wicked banksters that are looting and detroying this once great nation. Start with ending the fed,
http://www.inquisitr.com/2216087/putin-america-is-godless-morally-bankrupt-on-the-path-of-degradation/
it would be Russia as well. Russia/China are now interconnected. I bet China will bail them out and Russia will build the port and the pipeline. Russia and China are now very much standing together and helping each other, because they know it is the only way to succeed. It is also the reason, why countries like India are willing to join them. Because they are now 2 leaders, not just one. One leader would mean a risk of another hegemony. Two leaders are more balanced. And to keep that balance, Russia is taking no chances and arming countries, which want to be armed (even against the possible threat of the rising China) - like Vietnam, who will get its own nuke submarines, and of course India. Putin is clever and is not taking chances:-) It WILL be a multipolar world.
Always remember, nations do not have friends. Nations only have interests.
dupe.
But some nations own other nations and charge them interest.
(see US/Israel)
Is that Lake City in SC?
Good observation!
Sonuvabitch!
This BRICS-fronted New World Order is nothing more than the old United Nations Complex with a phony “under new management” sign hanging in front. You will know that a commentator is talking about this REAL NWO when he or she uses words with the prefix “multi-“…
From here, again; http://redefininggod.com/Yup.
Wear that junk proudly, it is the mark of a prophet whose words fall upon deaf ears...but soon enough, all our votes will be green. They will see...they SHALL SEE and weep...
Roosevelt Roads Naval Base. It has been deserted since the US navy stopped gunnery exercises at culebra island. Is already built, and belongs to the PR government. It would be simple to recondition it for use by Chinese/Russian naval vessels.
Of course, Obambi and the NeoCons would have s stroke if that were to happen.
One can only dream.
I upvoted you, but they (neocons) would have wet dreams over it. The Cuban missile crisis, Part 2. Heck, they may even get to assassinate the Donald over it.
(Roysters)
"In response to Cuban demands for the return of Gitmo and the build-up of Russian air forces in Havana, president Bath House today exchanged Puerto Rico for Gitmo by EO."
According to the interview with the so-called finance minister, PR can buy its own debt and keep the ponzi going indefinitely. 8^D
https://www.youtube.com/watch?v=DDIQNO8PS8M
The debt was conjured out of the ether, and it can go back into the ether.
The EU is as a scam to get people to go along with giving the proceeds of their labor and property to the New Aristocracy. If it was simply about having a common currency for increased trade, there would not be a complicated system of theft (debt) tied to its use.
People do not feel tied to group (national) debt, and that shitheaded little plan to guilt people into paying high taxes to the aristocrats was always going to fail both in Europe and the US.
The backup plan of creating chaos and blaming lack of the Jackboot is also failing. The power base of the oligarchs is composed of dependent fools who have secure jobs with the various fascist states, and this is a weak base indeed.
This crises will not be managed by those who think they own the world. It will destroy them, and it will be their own fault.
Anarchists do not need to smash the State, the State is failing on its own.
I'm in total agreement with you on this point.
Watch as Greece gets carved up like a goose. Now that their government cooked them to perfection.
Its the forced feeding with the funnel thats messy.
but man, is that foie gras tasty!
Endless dragging on of Greece debt negotiations coming to an end? Finally!
This shit show is getting better by the second... ( Popcorn )
They buy Greece from the west for pennies on the dollar...then begin building their deep water port for their Mediterranean naval fleet and import/export operations, and perhaps airfields for their air force. Want to play with the big boys, gotta project both economic AND military power.
Things were better when countries were sovereign and had to worry about their own currency and finances.
Now the central planners fight over who gets to hold a nation captive as a debt slave.
China provides the funds, Putin provides the protection. I seem to recall a similar dynamic being discussed earlier in another post. Hmmm...
While Obozo dances with the fags in the moonlight.
Dancin in the moonlight
Reggie's holding me so tight
It's good cause it holds off fright
With Vlad's MiGs in Greece tonight
*ring*
Vlad: Hey, my favorite rump ranger!
BH: (Sigh,) hello Vlad.
Vlad: Listen to this: (jet plane noises)
BH: What is that shit?
Vlad: Floggers landing at your old air bases, hahahaha!
*click*
China owes no one a dime outside of China.
They technically have no debt.
Their internal debt is what really matters, especially at the municipal level.
A train wreck in progress - you just don't hear about it much, but give it time.
Look up what they own to World Bank/IMF first.
I can already smell more Chinese restaurants going up in Greece. yummy yummy.
Too bad Chinese firms only hire Chinese workers.
I hope Greek women like Chinese cock.
"I hope Greek women like Chinese cock."
You got it backwards jack. Wherever Chinese settle, the women marry out and the boys live at home and wonder why they can't get laid. Chinese men are complete pussies - the unintended consequence of decades of the one child policy. In dating and marriage, women call the shots in China.
Check it out: http://tinyurl.com/nmtj23v
It's even the subject of comedy in Chinese cinema. One film I watched had the star, an aggressive 20 something career woman, planning her entire future on a time-line she had established in her journal. She was in a panic because she couldn't find a guy that met her exacting standards and was falling behind schedule. Hilarity ensued.
Now check this out (it literally reeks of desperation - especially point 11)
http://justmytype.ca/11-differences-dating-asian-guy-vs-caucasian-guy/
One very big consideration that tilts the odds away from Chinese guys: If you marry and live outside China, you can have more than one child.
delete duplicate
Chuck, everyone here at zh knows what an nonpareil cognoscente we have in you.
Little did most of us know that you were a cocknoscente as well.
I have a million questions I'd like to ask you some time. :o)
Hey! Where'd all the dogs and cats go?
They're making new highs every day, dude. It's not too late to buy 'em.
Ummm, Mongolian Bar-B-Q Gyros...
WHy no pop in the market on this? Greece is saved again! (why am I suddenly struck by a vision of "Minions" holding and raising hands exclaiming "Cumbya!"?)
China should bail out Greece by giving them some of the US Treasuries that they hold, and then the Greeks can liquidate them appropriately.
That should make for some good activity in the world markets.
The American Deep State has to realize that the USS USSA is sinking.
At issue for them is not how to prepare America for a multipolar world, but how to continue wildly swinging to remake the middle east for Israeli lebensraum by supporting Christian-murdering jihadi proxies, along with the Saudis and Israelis and Turks and Qataris.....
and how to try to "contain" a Russia that has mostly been *responding* to encroaching US/NATO bases and hardware.
In short, it would be a good time for regime change...
Think the Germans treated them bad? Just wait until the China gang rape gets rolling.
I think here is the best way Default 100%, print drachma, request brics do swaps with drachma at 80% of value of Euro. In some months everyone will then give drachma same valuation. All will be fine, Greece and live and thrive again.
There are no mineral natural resources in Greece. China is not going to spend billions for the ports it wants.Every poor country they loan money to ,has to have something they can exploit today or for future time.Chinaman is no better than other tyrants .They just fuck you in a polite way you don't notice until its done.
No natural resources? Location, Location, Location ..... what more needs to be said.
Pipelines.
Russia - a vast and free from all over Europe, a market for the supply of any food from Greece.
Market Russia (for Greece) has no competition, from any of the EU countries. LOL
Prestige.
Never underestimate the power of an inferiority complex.