The Data Shows the REAL Economy is Imploding…Is a Crash Next?
By: Graham Summers
GoldSeek.com
Thursday, 26 February 2015
The global economy is literally imploding.
Investors believe that China’s economy is chugging along, but the non-fraudulent data says otherwise.
China’s GDP numbers are a total fiction. And Chinese Government officials even ADMIT it! Back in 2007, no less than current First Vice Premiere of China, Li Keqiang, admitted to the US ambassador to China that ALL Chinese data, outside of electricity consumption, railroad cargo, and bank lending is for “reference only.”
As RBS Economics notes, China’s rail volumes are collapsing at a rate
not seen since the Asian Financial Crisis. The Chinese economy is literally collapsing faster NOW than it did in 2008.
The Rest…HERE
