Made In China, Worthless In The Usa
Bloomberg has been running a pretty interesting piece on Chinese companies that use what’s called a reverse merger to list in the USA and eventually raise capital. But what’s becoming an interesting trend with many of these companies is accounting irregularities. Several of them have already been exposed as outright frauds and many more are supposedly filing fraudulent SEC documents and are under investigation.
This is not the first instance of someone calling Chinese accounting into question. A recent wikileaks wire said the Chinese government’s GDP figures were fraudulent. Jim Chanos, who famously uncovered Enron, says China makes Enron look like a walk in the park. We already know China has been building entire cities and malls (see the world’s largest EMPTY mall here) just for the sake of building something to generate economic activity so there appears to be a trend of things looking too good to be true. And we all know that when something appears to good to be true it generally is.
The emergence of the reverse merger fraud in the USA raises the question of how prevalent these problems are in mainland China. I could just be jumping to conclusions here, but as the evidence begins to be revealed over the years you begin to wonder just how real the economic miracle in China really is….
You can find the entire Bloomberg story here.
Post Footer automatically generated by Add Post Footer Plugin for wordpress.
by Andrew Wilkinson, Senior Market Analyst at Interactive Brokers
Read more at The Pragmatic Capitalist
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,812,340,014 |
| Stories: | 8,654,433 |
Whistler Blowers, Insiders
