Chronicles Of Depression 2.0: #237: China
BEIJING, Sept 25 (Reuters) – Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.
Emphasis added by me.
The financial resection and isolation of America is now beginning.
China is considering The Question We Don’t Want Asked.
Europe will follow suit.
Total collapse of the American financial system has now become inevitable.