How China’s Central Bank Works

ByPrimary Researcher

Executive Summary

  • The China banking system issued debt free money.

Introduction

China issues its own debt free currency. This is a superior model to the US or Europe. However, it is frequently critiqued even by those with a great deal of experience in money and banking. The following is an example of this which is a quote from a very savvy investor who does not understand how the Chinese banking system differs from the West.

“The Chinese banking system is built on quicksand and that’s the one thing a lot of people don’t realize. […] Everybody seems to think it is a free and clear open checkbook. It’s not. […] The banking system in China is extremely fragile.” ~ James Chanos / AZ Quotes