All posts in " China "
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China & the Hidden Debt Crisis in the Provinces

By admin / October 19, 2018

The Sovereign Debt Crisis in China among the provisional governments is alive and well. The off-balance sheet government liabilities in the regions amounted to an estimated 40 trillion yuan which is almost $6 trillion. Some are calling this a “gigantic credit risk” which is a hidden liability. This represents 60% of  GDP which bypasses the […]

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Why is Asia Rising Against the West

By admin / August 15, 2018

Some people have written in and asked why we have issued a report that shows how and when China will displace the USA and the West as the Financial Capital of the world. Let me explain some interesting facts. If we look at the top ten cities for tourism, you will find that the half […]

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China to Support Syria Along with Russia Against USA

By admin / August 9, 2018

COMMENT: Mr. Armstrong; You said that China would eventually send troops to the Middle East and join with Russia in Syria. China just openly told that to the newspapers. Your contacts behind the curtail are quite amazing. BH  REPLY: Qi Qianjin was appointed the ambassador to Syria back in 2016. You are correct, on August 1st, 2018, […]

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First Corporate Bankruptcy in China & How the Central Bank is Addressing the Problem

By admin / July 23, 2018

The the first debt bankruptcy of a major corporation in China has now taken place here on schedule in 2018. This first bankruptcy of a major corporation was due to over-indebtedness which occurred in the current year. The South China Morning Post reported that coal company Wintime Energy has been forced to cease operations after failing […]

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China Venture Capital Raising now Exceed the USA

By admin / July 18, 2018

Believe it or not, Chinese start-ups have for the first time collected more venture capital than newly established US companies in the past quarter. This is reported by the South China Morning Post . Almost half (47%) of the venture capital used worldwide was spent on start-ups from the Middle Kingdom. The American start-ups were only just over a third (35%). […]

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Why CONFIDENCE is the Backbone of the New Monetary System

By admin / July 18, 2018

QUESTION: Mr. Armstrong; I found your recent article on inflation and contagions fascinating. Am I correct in summing it up that today because currencies are not commodity based, they rise and fall on anticipation of political events whereas under precious metals contagions took place by one country debasing compared to another? Thank you for your […]

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Shanghai 1930 Gold Backed Currency

By admin / July 8, 2018

QUESTION: Mr. Armstrong, what were the gold custom units issued by the Bank of China with the image of Sun Yat-sen. PHR ANSWER: The Customs Gold Unit (CGU) was the first peg to the US dollar. Here we have China issuing currency backed by the US dollar. It was a currency issued by the Central Bank of […]

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Welcome to Dollar Vertigo – China to Ban Dollar Borrowing?

By admin / June 29, 2018

COMMENT: Mr. Armstrong, it seems that whatever you say our government follows. You said China should buy directly from the Treasury and not the New York bank and they did that right away. Now they are considering stopping dollar borrowing here in China as well. You should be holding a WEC here in Shanghai next. […]

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China – Is There an Asian Debt Crisis on the Horizon?

By admin / April 28, 2018

China is on its way to reaching the title of the Financial Capital of the World post-2032. However, that is also NOT going to be accomplished all on its own. In part, this is the moving trend and the shift our computer has been forecasting also because the West is in a Sovereign Debt Crisis and […]

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