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The Lord designs to build up a kingdom that will be both a spiritual and temporal kingdom upon the earth. The earth and the kingdoms thereof will be given unto the saints of the most high God. Will they be rich then? Do you not think they will possess the gold mines and the treasures of the earth? Yes. But some cry out, 'that is not yet.' That is right. How long will it be until then? As soon as we are prepared to receive them.

(Brigham Young J.D. 10:329,332)

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China Stops Lending Funds to U.S. PDF Print E-mail
Thursday, 25 September 2008 08:18
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.
 
"The decree appears to be Beijing's first attempt to erect defences against the deepening U.S. financial meltdown after the mainland's major lenders reported billions of U.S. dollars in exposure to the credit crisis," the SCMP said.

A spokesman for the CBRC had no immediate comment. (Reporting by Alan Wheatley and Langi Chiang; editing by Ken Wills)

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