MELTDOWN 2016? China Set To Implode GLOBAL Economy LATE SUMMER (Again)… INSIDER SAYS GET PREPARED NOW! Brexit… Soros Buying Up Massive Amounts Of Gold Bullion
Investmentwatchblog.com
May 23rd, 2016
China’s Communist Party goes way of Qing Dynasty as debt hits limit
Nobody rings a bell at the top of the credit supercycle, to misuse an old adage. Except that this time somebody very powerful in China has done exactly that.
China watchers are still struggling to identify the author of an electrifying article in the People’s Daily that declares war on debt and the “fantasy” of perpetual stimulus.
Written in a imperial tone, it commands China to break its addiction to credit and take its punishment before matters spiral out of control. If that means bankruptcies must run their course, so be it.
The 11,000 character text – citing an “authoritative person” – was given star-billing on the front page. It described leverage as the “original sin” from which all other risks emanate, with debt “growing like a tree in the air”.
The Rest…HERE