Up to 3.85 trillion yuan of local government debt: China is staging the subprime financial crisis! A few days ago the National Audit Office said
of up to 3.85 trillion yuan in local government bonds, the real amount may be more than 12 trillion, in the face of sustained economic downside, Bank Trust tripartite government conspiracy in the way financial products are being hurt people, please It vigilance, and must not be fooled. Our country is being staged, ‘the Chinese version of the sub-prime crisis!’ ‘Who is the local government debt creditors?’ Chant bank. Because I not heard of local government bonds, and no one bought. …… People only bought country bonds. Indeed, the rights of China’s local governments do not issue bonds, because the central government will know the local mess, uncontrollable. So you have not seen heard there are local government bonds. Central ever had proxy issue, because no one buys, the local government to find another way out ……. ? How to find another way out a path like this: 1, the local government-led registered a number of investment companies, investment companies which the government called it: financing platform. Its name can be a Urban Construction Development Company, construction asset management companies. 2, local government project, such as: construction of high-speed, build airports, government buildings cover …… etc. 3, financing platform companies holding government programs to bank financing, because it is state-backed company, is the government project, so how much financing is approved amount to much. 4, Bank of course, know what local government is, most of this money is never to return, is very risky. So put this creditor banks sold to the trust, such as 1 billion of financing, the bank said I left a 2% interest, and the rest of you to take over, to sign the 5% interest, you also earn 3 percent. Although the Trust know the government is what, but such a big business can not do, how to do? Just then sell them on the list? Written a little higher interest certainly sell. Anyway, as long sold, trust it that is not risk nor responsibility. Thus, the trust put these two creditors make a project of investment products, such as: urban construction company to repair the high-speed project …… and so on. Variety, collectively, the ‘financial products.’ 5, trust the ‘financial products’ to get the bank, so the bank sales agents, as well as rebates. 6, the bank printed some advertising, and then open a ‘Money room’, with a financial manager, looking savers deposits to depositors phone market. The rich man called ‘VIP customers’ Please sit on. So far, creditors who? Understand? …… Who bought financial products, who is local government debt creditors. If there is a problem, it is not honored. (XX Bank last year has appeared to lose everything, but seems to be a start of 500,000 VIP product.) You go to the bank ↓ to XX, for example, the bank said: anywhere on the signing of the contract does not Akiko banks. Banks only outlets. (XX Bank even more, saying that private wealth managers own agents, banks do not Air Jordan 6 Rings know this) ↓ you look Akiko contract to find trust, trust, he said: This is the company’s urban construction projects, we just finance trust . Like you bought the oil stocks lose, you can not find your account securities companies now. ↓ you go to urban construction company, construction company, said: We are about to sign with the bank financing of the capital, you are who ↓ you go to the bank, the bank said:?? We are urban construction financing for the company, what is your relationship with ↓ Air Jordan 1 You then go to urban construction company, construction company, he said: 2015 Latest Nike Shoes Jordan Son of Mars Who are you looking to sell your Po …… you come back to the bank again, the bank said:!! Who do you sign the covenant, whom you go to look for you ↓ Trust, trust, said: investment risk, you did not see the contract terms and conditions do you say:?! clearly written preserving the trust said: This is the government projects, the government said only guaranteed, adding that subsidies do not believe you ! ↓ you ask the government to ask the Government, he said: We just approved, approval of the project. Executive agency, which you do not even know it? ↓ …… you say well, I do not find a direct report it. ! I am a VIP client lawsuit, not shorn, as well as financial, material and human resources, wrote complaint petition in the first column, Jordan Slide Sandals the defendant:! …… ??? Who should fill in this time you discovered, litigation? To hit the seat of the Court the accused. Local banks, trust companies in Shanghai, Nike Air Max 2013 II NSW the Beijing Urban Construction company ……. The defendant column are filled not, simply can not play. How government so smart? …… In fact, the US government also rinse before, she learned. US ‘subprime’ is such a structure. The difference Nike Air Max 24-7 is: The United States is a trust company to sell it to the world; the Chinese are the local government sold the people of the country, a province of Guangdong have a seven hundred billion. Well, Tell me, do not look at this blog, and quickly go back and ask you to buy a home BRIC wife did not buy financial products?