iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,474 Blog Posts

Meanwhile, China’s Latest Fraud ‘Forged Seals’ Wreaks Havoc and Shuts Down Bond Market

As the lot of you burgers have been busy jerking each other off — protesting Donald Trump or conservatarding the crowd size of the inauguration, the Chinese bond market has fucking imploded. The rout is of the record varietal, into the trillions — after comical levels of fraud were revealed.

The latest craze in Chinese fraud is ‘forged seals’, which is essentially total lies and theft. Amusingly, the Chinese government have enacted bailouts and honored some of these make believe bonds. The result of this new and rare form of fuckery is a complete shutdown of debt issuance.

China2

China

This is funny like a hole in the head is funny, considering China is a powder keg that will one day explode and drag the world into a depression so severe, you’ll be begging to be drafted into the army for war.

In summary, China is 250% leveraged debt to GDP, fraud is running wild, losses are extreme, and SHIBOR through the roof. What can go wrong?
SHIBOR

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15 comments

  1. vandamme

    ATH pal. Because Trump said so.

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  2. husaria

    But, but, but…won’t they get angry? Oh where, oh where is David noodle dick?

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  3. chuck bennett

    What’s the big deal?

    They like to play trick on you.

    It just a joke. Harahrahrah

    Regards

    Chuck Bennett

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  4. ironbird

    And the Nikkei is rising like a Trump trade or something. Interesting.

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  5. uglyflint

    It’s all good. Dow 30,000 Trump big cock style.

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    • it is showtime

      They’re gonna sabotage him. Really think they’re just gonna let him pound them and tank them out of existence without some pinpricks? Setup at the very least for equity destruction, if they want

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  6. skulduggery

    Me Chinese. Me play joke. Me put pee-pee in your Coke. (No racist)

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