+ 세계 금융위기가 오는가? - 중국의 신용 거품이 23조 달러? 붕괴가 시작하는 중이다

 

 

 

 

중국의 신용 거품이 23조 달러에 이르는데 붕괴가 시작하는 중이다

- 세계 금융위기가 오는가?

 

The $23 trillion credit bubble in China is starting to collapse – global financial crisis next?

Posted on   January 25, 2014    by The Extinction Protocol

 

 

 

당신은 세계 전역의 금융기관들이 우리들이 소위 "메가 디폴트" 라는 초대형 채무불이행 사태를 당할 것임을 경고하는 이야기를 알고 있는가? 그것은 중국의 유명한 고수익 투자 상품이 1월 31일부로 채무불이행에 들어갈 것이란 예고이다. 이것은 중국의 그림자 금융체제의 연쇄적인 붕괴로 이어질 것이라고 예견되었다. 이 사태는 이자율을 하늘을 찌르듯 치솟게 할 것이며, 신용의 막대한 폭락사태를 초래할 것이다.

January 25, 2014 – CHINA – Did you know that financial institutions all over the world are warning that we could see a “mega default” on a very prominent high-yield investment product in China on January 31st? We are being told that this could lead to a cascading collapse of the shadow banking system in China which could potentially result in “sky-high interest rates” and “a precipitous plunge in credit.” In other words, it could be a “Lehman Brothers moment” for Asia. And since the global financial system is more interconnected today than ever before, that would be very bad news for the United States as well. Since Lehman Brothers collapsed in 2008, the level of private domestic credit in China has risen from $9 trillion to an astounding $23 trillion. That is an increase of $14 trillion in just a little bit more than 5 years. Much of that “hot money” has flowed into stocks, bonds and real estate in the United States. So what do you think is going to happen when that bubble collapses? The bubble of private debt that we have seen inflate in China since the Lehman crisis is unlike anything that the world has ever seen. Never before has so much private debt been accumulated in such a short period of time. All of this debt has helped fuel tremendous economic growth in China, but now a whole bunch of Chinese companies are realizing that they have gotten in way, way over their heads. In fact, it is being projected that Chinese companies will pay out the equivalent of approximately a trillion dollars in interest payments this year alone. That is more than twice the amount that the U.S. government will pay in interest in 2014.

 

 

Over the past several years, the U.S. Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England have all been criticized for creating too much money. But the truth is that what has been happening in China surpasses all of their efforts combined. You can see an incredible chart which graphically illustrates this point right here. As the Telegraph pointed out a while back, the Chinese have essentially “replicated the entire U.S. commercial banking system” in just five years… Overall credit has jumped from $9 trillion to $23 trillion since the Lehman crisis. “They have replicated the entire U.S. commercial banking system in five years,” she said. The ratio of credit to GDP has jumped by 75 percentage points to 200pc of GDP, compared to roughly 40 points in the US over five years leading up to the subprime bubble, or in Japan before the Nikkei bubble burst in 1990. “This is beyond anything we have ever seen before in a large economy. We don’t know how this will play out. The next six months will be crucial,” she said. Forbes warned: “A WMP default, whether relating to Liansheng or Zhenfu, could devastate the Chinese banking system and the larger economy as well. In short, China’s growth since the end of 2008 has been dependent on ultra-loose credit first channeled through state banks, like ICBC and Construction Bank, and then through the WMPs, which permitted the state banks to avoid credit risk. Any disruption in the flow of cash from investors to dodgy borrowers through WMPs would rock China with sky-high interest rates or a precipitous plunge in credit, probably both. The result? The best outcome would be decades of misery, what we saw in Japan after its bubble burst in the early 1990s.” –Economic Collapse Blog

 

소스: PeterkIm

 

 

 

The Economic Collapse

 

 

The $23 Trillion Credit Bubble In China Is Starting To Collapse –

Global Financial Crisis Next?

 

 

 

 

 원문 ;  http://theeconomiccollapseblog.com/archives/the-23-trillion-credit-bubble-in-china-is-starting-to-collapse-global-financial-crisis-next