The $23 Trillion Credit Bubble In China Is Starting To Collapse, Global Financial Crisis Next if SEAWAPA ignored.
Did you know that financial institutions all over the world are warning that we could see a “mega default” on a very prominent high-yield investment product in China by sometime in 2015? We are being told that this could lead to a cascading collapse of the shadow banking system in China which could potentially result in “sky-high interest rates” and “a precipitous plunge in credit“. - [ Read more ]