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A Whole New Level Of Moral Hazard: China Will Use Public Funds To Cover Venture Capital Losses
It should surprise nobody that when it comes to perpetuating the global central bank "put", China - which is at daily danger of having its house of trillions in non-performing loan card collapse at any moment - has perfected moral hazard better than any western central banker. However, even the staunchest cynics will be stunned by the latest development out of the Shanghai government where starting next month, venture capital firms which invested in high-tech startups since the beginning of 2015 can apply for government compensation if their investment loses money.
China Says Soros "Hasn't Done His Homework," May Be "Partially Blind"
On Tuesday, the People’s Daily laughed at George Soros.
Literally.
On the heels of comments Soros made in Davos last week about China’s “hard landing,” the Party mouthpiece ran an "op-ed" that carried the title “Declaring War On China’s Currency? Ha, Ha.”
Mainstream Media, Economists Mock "Cash Hoarding" Canadian 'Savers'
With grocery prices surging, amid the collapsing currency, the powers that be appear to have turned to their mainstream media puppets to initiate the 'mocking' propaganda of the banks against an increasingly fearful Canadian citizenry (especialy those under 35) who are hoarding cash.
"Let Them Eat CaQE": Yellen Abandons Markets; Stocks Plunge
"F'ed Up"
Fed vs Mawkets https://t.co/VRiEASX4y9
— Dick Darlington (@Darlington_Dick) January 27, 2016