Latest topics
» Monster Black Hole Lurking In Giant Star Cluster Spotted By Astronomers
Today at 1:36 pm by PurpleSkyz

» Massive Earthquake Strikes Namatanai, Papua New Guinea
Today at 1:34 pm by PurpleSkyz

» *Transformers Exploding-Manhole Covers Flying In Multiple Locations*Sign Of What's To Come?*
Today at 1:33 pm by PurpleSkyz

» NIBIRU News ~ ARE THEY TOLD TO KEEP QUIET!? plus MORE
Today at 1:28 pm by PurpleSkyz

» LEADING CAUSE OF DEATH 2018 42 MILLION #WEATHER WARFARE LIVE!! #ANALYSIS
Today at 1:12 pm by Consciousness Of Economic

» 2*16*19~NEVER B4 SEEN(!)VENEZUELAN PREDICTIVE PROGRAMMING EVENT REVEALED IN 1987(!)
Today at 1:10 pm by Consciousness Of Economic

» Climate Engineering Winter Weather Warfare
Today at 1:09 pm by Consciousness Of Economic

» BBC Producer: "Prove W/Out A Doubt ... Chemical Attack In Syria Was Staged"
Today at 1:08 pm by Consciousness Of Economic

» 1865 Birth of a Civil Hoax | UAP
Today at 1:07 pm by Consciousness Of Economic

» Medical Marijuana in Assisted Living Homes? (Yes or No?) YES!!!!!
Today at 12:33 pm by PurpleSkyz

» #QTard Drama Theater - Q Dark To Light plus more
Today at 12:31 pm by PurpleSkyz

» Dave Janda – Globalists Win if MAGA Supporters Walk
Today at 12:30 pm by PurpleSkyz

» SHOCK CONFESSION: What This Man Witnessed At Roswell...
Today at 12:27 pm by PurpleSkyz

» SUPER SNOW MOON February 19, 2019
Today at 12:25 pm by PurpleSkyz

» The STRAW MAN "Explained" :David-Wynn: Miller
Today at 12:07 pm by PurpleSkyz

» UFO News ~ The best of 3 years UFO hunting - The evidene - UFO's are REAL ! plus MORE
Today at 11:54 am by PurpleSkyz

» 2019's first snow circle
Today at 11:50 am by PurpleSkyz

» Israel prepares for conflict with Russia
Today at 11:45 am by Consciousness Of Economic

» Adrenochrome
Today at 11:42 am by PurpleSkyz

» CRITICAL INFORMATION(!)DC IS HIDING *THIS* ENORMOUS FACT ABOUT VENEZUELA FROM EVERYONE(!)
Today at 11:08 am by ANENRO

» Loud & Mysterious Trumpet sounds coming from the sky, US, Jan 6th
Today at 1:27 am by PurpleSkyz

» Mars Photos That Could Change The Way You Look At The Red Planet Forever! What Is Up There?
Today at 12:21 am by PurpleSkyz

» Command Sergeant Major Robert Dean reveals all he knows - UFO's are REAL!
Today at 12:15 am by PurpleSkyz

» The Fight Over Mandatory Vaccinations at the State Level – Update
Today at 12:13 am by PurpleSkyz

» Bright green METEOR FIREBALL disintegrates in LOUD RUMBLE over Florida night sky
Today at 12:03 am by PurpleSkyz

» Blue Chicken Cult – David Wilcock: Ascension Through the Ages
Yesterday at 8:08 pm by PurpleSkyz

» Body Language: Trump Declaring National Emergency for Border Wall
Yesterday at 7:52 pm by PurpleSkyz

» The Truth About the Foo Fighters. Richard Dolan.
Yesterday at 5:21 pm by PurpleSkyz

» New Abe Froman Dave Schmidt / Meta 1 scam video..enjoy!
Yesterday at 4:43 pm by PurpleSkyz

CLICK THE SUBSCRIBE BUTTON BELOW TO RECEIVE OUR DAILY NEWSLETTER

A 2ND EMAIL COMPLETES THE ACTIVATION PROCESS




CLICK THE PURPLE BUTTON TO VIEW OUR LATEST POSTS






CHARITY WATER PROJECT
100% OF DONATIONS GOES TO PROVIDING CLEAN WATER TO THOSE IN NEED


www.charitywater.org

1 in 10 people lack access to clean water. We’re on a mission to change that. Here’s how.



Private donors cover our operating costs so 100% of your donation will bring clean water to people in need.

www.charitywater.org




You are not connected. Please login or register

Out Of Mind » THE INSANITY OF REALITY » GOVERNMENT & THE NEW WORLD ORDER » China Banking Camel In U.S. Tent?

China Banking Camel In U.S. Tent?

Go down  Message [Page 1 of 1]

1 China Banking Camel In U.S. Tent? on Fri May 11, 2012 7:22 pm

godsfool713

godsfool713

http://www.canadafreepress.com/index.php/article/46603?utm_source=CFP+Mailout&utm_campaign=81fa071459-Call_to_Champions&utm_medium=email

China Banking Camel In U.S. Tent?

- Ian R. Campbell Thursday, May 10, 2012

Why read: You should know about this - Chinese banks entry into U.S. banking could prove to be important.



A May 9 article reported that the U.S. Federal Reserve has agreed to let three Chinese government controlled banks set up U.S. branches and invest in U.S. banks. The piece references U.S. Federal Reserve statements that:

the 71% Chinese Government owned Industrial and Commercial Bank of China (China’s biggest bank with assets estimated at U.S.$2.5 trillion) will become a bank holding company;

China Investment Corporation (CIC), an investment vehicle responsible for investing the Chinese Governments foreign exchange reserves, and CIC controlled Huijin Investment will become bank holding companies;

these three Chinese entities (either individually or in some combination) will be allowed to take control of New York based Bank of East Asia;
the Federal Reserve has concurrently approved:

the Bank of China (China’s third largest bank, and 71% owned by the Chinese Government) to set up a branch in Chicago in circumstances where that bank currently has branches in Los Angeles and New York, and

the Agricultural Bank of China (China’s fourth largest bank with assets reported to be U.S.$1.85 trillion, and 83% owned by the Chinese Government) to set up a branch in New York.


The referenced article, typical of many, simply reports on these U.S. Federal Reserve decisions. It is the only article of over 2,500 overviewed in the past two days that makes mention of these decisions.

Consider the implications of these Federal Reserve decisions in the context of the proverbial ‘Camel in the Tent’. The question now is not whether the Camel is in the tent, the question is only whether, when, and over how long a period of time it will take the powerful Camel, whose head (the part it thinks with) is now in the tent, to take the tent over.

Further comments and some possible consequences:

in theory this is simply a further extension and maturation of globalization, a road the world has been on for at least twenty-five years;

not immediately, but over time if (or more likely ‘as’) Chinese banks build larger bases in the U.S., this has to impact U.S. protectionism policies with respect to tariff and trade policies;

likewise in time, this may (or more likely ‘has to’) impact U.S. based asset protectionism in the context of Chinese investment in U.S. based assets it considers strategic to it;

as a minimum this U.S. Federal Reserve decision is from China’s perspective ‘chicken soup’ – it might help but it can’t hurt;

at an extreme this U.S. Federal Reserve decision signals a further shift in world economic power;

remember the golden rule ‘he who has the gold makes the rules’; and,

recall the old adage: ‘give him an inch and he’ll take a mile’.
What appears to be a comparative ‘passing news item’, may prove over time to be what future commentators may come to reference as a ‘land-mark’ economic event similar to President Nixon’s August 1971 declaration of a floating gold price.

This is something to think hard about, and to discuss with your investment advisors and financially astute friends.

Federal Reserve allows Chinese-controlled banks to take stakes in US banks
Source: The Telegraph (from Reuters), May 9, 2012
Reading time: 3 minutes, thinking time much longer

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum