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anonymous
Q: Did you watch: BBC This World 2014 How China Fooled The World???
Do feel this will happen?
When will this happen, just logically guess?
What happens to our money in Chinese banks?
What happens to our investments?
Is this being exaggerated a tag bit?
Did the banks open up too much for investments?
Will Canada, U.S, UK and EU and other parts of Asia go down with China?
Well all we can do is wait and watch.. This video can be downloaded on torrent sites and it was made last week, I'm from the U.K and the BBC doesn't mess around.
10 years 9 weeks ago in Money & Banking - China
It's on BBC iPlayer right !
Your grouping of UK with the EU seems a bit messed up, doubtful geography knowledge of a true UKnese person.
Hotwater:
I didn't get that from the post about referring to the UK separate from the UK. I lot of British people refer to the UK and Europe as two distinct things whereas I think a lot of French, Germans, etc might state "My country and the rest of the EU". A lot of us Brits have never fully felt part of the EU due in part to that bit of water in the way and the fact we are lazy with languages, even our own!
ironman510:
I also naturally felt That the British had no relation with Europe.
I saw it, I hope the Gov is prepared for it, they must know it's coming.
I look forward to visiting Wuhan in 2020..
Scandinavian:
Chinese History 101:
The big leap forward. The Chairman orders all local leaders to achieve certain goals. The local leaders, in no way equipped to handle that simply lies. E.g. The Chairman came to inspect crop output, thus a specific area where the visit was would be specially planted with nice corn plants looking particularly well, but in fact output was nothing like it.
Present day. The provinces have been expected to have a certain amount of growth, the banks have been allowed to do sketchy lending. The result is that Beijing doesn't know how big the debt actually is. They know it is there, just not how big it is.
ironman510:
I guess it's that feeling like turning a blind eye and just pretend that the problem will fix it self.
buy currencies at bank of china in other countries with a low gdp debt ratio and hold the money except for what you need to live in china, its about all a little worker with no control can do against the robber barons. i usually buy canada dollars, singapore, and australia, sometime i can get norway or swiss francs.
juanisaac:
I also buy foreign currency. I try to stick to Asian currencies, not so much European ones.
You never know what will happen to the Yuan, so having a little island somewhere to stand and wait out the chaos is good place to be.
What do you think about Hong Kong Dollars? I have them since their currency is undervalued and is pegged to the dollar. If the dollars goes up I win against the Yuan. If the Hong Kong Dollars is later backed by the Yuan, I will win against the dollar.
I just downloaded the torrent and watched it. Nothing new here, though it was interesting to see the development of Wuhan. Someone wrote that China is rolling in the money. They really need to see this. Actually, China is rolling in the debt. This won't bode well for expats in the near future.
ironman510:
Yeah a lot of guys are worried about exchange rates. Especially my friends from England.
xinyuren:
When the cards start to fall in China, there will be no place for teachers and many expats in other industries. No money and no jobs.
I watched it last week and yes, nothing new here but just for fun I got a few Chinese friends to watch it. They seemed a bit threatened but are of the opinion that the government will save everyone so no worries. 
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ironman510:
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