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Report: Chinese Regulators Told Country's Banks To Stop Interbank Lending to U.S. Institutions

Finally, there has been a report that makes sense in this move to socialize the U.S. financial system. The South China Morning Post has reported that Chinese regulators told the country's banks to halt interbank lending to U.S. financial institutions to stem losses from the financial crisis. The banks can continue lending to institutions in other countries -- but not to those in the U.S., according to the report. As my posts have revealed, I have suspected that America's emergency measures have been caused by pressure from foreign debt holders. The government keeps wailing that lending is frozen, but statistics indicate that commercial lending has actually been rising. There is even money available for mortgages in many circumstances. For years, informed economists have warned about foreign countries holding half our government debt. Other economists pooh-poohed the concern; those governments don't want the dollar to decline, went the argument. But those governments were holding a hammer. If the Chinese report is true, the informed economists would seem to have known what they were talking about. This Chinese report seems credible, and a plausible explanation for the sudden warnings of a deep recession (or McCain/Palin silly warnings of an immediate depression) from politicians who normally try to sweet-talk the economy upward in their lies to the voters.

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Pranksters vandalize Padres billboard in wake of playoff loss

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Finally, there has been a report that makes sense in this move to socialize the U.S. financial system. The South China Morning Post has reported that Chinese regulators told the country's banks to halt interbank lending to U.S. financial institutions to stem losses from the financial crisis. The banks can continue lending to institutions in other countries -- but not to those in the U.S., according to the report. As my posts have revealed, I have suspected that America's emergency measures have been caused by pressure from foreign debt holders. The government keeps wailing that lending is frozen, but statistics indicate that commercial lending has actually been rising. There is even money available for mortgages in many circumstances. For years, informed economists have warned about foreign countries holding half our government debt. Other economists pooh-poohed the concern; those governments don't want the dollar to decline, went the argument. But those governments were holding a hammer. If the Chinese report is true, the informed economists would seem to have known what they were talking about. This Chinese report seems credible, and a plausible explanation for the sudden warnings of a deep recession (or McCain/Palin silly warnings of an immediate depression) from politicians who normally try to sweet-talk the economy upward in their lies to the voters.

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858 S.D. County educators collect pensions of $100,000+

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Update San Diego, 11/29/2010

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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