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Old 01-18-2011, 01:55 AM
mchu83 mchu83 is offline
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Default Is China's central bank privately owned?



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Just curious, is China's bank privately owned like the US's?

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Old 01-18-2011, 07:27 AM
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http://en.wikipedia.org/wiki/People%27s_Bank_of_China

Ostensibly they look to be government/public, but you need to draw out what you mean by public vs. private. All banks answers to their governments (and influence goes both ways), and to their customers. All banks are run by well-connected and powerful individuals.
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Old 01-18-2011, 10:52 AM
Survivalguy72 Survivalguy72 is offline
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The Government controls everything there.
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Old 01-18-2011, 12:18 PM
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A book was written in China about the Rothchilds banking dynasty being responsible for all the major calamities for the past 200 years. Was a best seller in China, I'm waiting for it to hit the US book market but probably never happen. I learned about it from a article on money.com a few years ago.

China is a communist country in theory its owned by everyone but controlled by just a few. So take away from that what you will. This is a very important question that should be looked at very closely. Just follow the money no matter where it takes you.

The reason our country and others take issue to China when it comes to currency is they play by there own rules and since the have a real commodities and natural wealth, wheat, rice, fertile lands they cant be over looked. When and if they ever concede to the IMF (who controls the Fed, and regulates the world currency) we are going to see dramatic changes in the exchange rate world wide. Possible consolidation of countries but nothing other then easier accounting practices.
Old 01-18-2011, 03:25 PM
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Owned by the commies.
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Old 01-18-2011, 06:23 PM
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China government denied a Rosthchild "deal" last year -




Bank of China drops Rothschild stake bid
www.chinaview.cn 2009-04-03 09:47:21 Print

BEIJING, April 3 -- Bank of China (BOC), the country's third largest lender by market value, has dropped its plan to invest 236 million euros for a 20-percent stake in La Compagnie Financiere Edmond De Rothschild, after failing to obtain approval from the Chinese government before the March 31 deadline.

"We didn't receive approval from the government before the deadline. As a result, the deal became invalid automatically," BOC spokesman Wang Zhaowen said when reached by telephone.

http://news.xinhuanet.com/english/20...t_11124574.htm
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Old 01-18-2011, 08:02 PM
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Quote:
Originally Posted by blackkitty View Post
Owned by the commies.
Obama and his handlers own China's Central Bank? Wow, no wonder he got so many foreign donations for his presidential run!
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