The Great Global Rig is Ending…Are You Prepared?

Monday, June 24, 2013
By Paul Martin
June 24, 2013

The markets are beginning what could in fact be an epic meltdown.

China is on the verge of a “Lehman” moment as its shadow banking system implodes. China had pumped roughly $1.6 trillion in new credit (that’s 21% of GDP) into its economy in the last two quarters… and China GDP growth is in fact slowing.

This is what a credit bubble bursting looks like: the pumping becomes more and more frantic with less and less returns. Check out the collapse in China’s stock market.

We are literally back into 2008 Crash territory here:

The Rest…HERE

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