ALERT: China’s Government Is Now Worried About Global Economic Collapse

Saturday, April 29, 2017
By Paul Martin
April 29, 2017

In case anyone was wondering what the Chinese government is thinking, they are clearly worried about global economic collapse…

China Worried About Global Economic Collapse
Stephen Leeb: “I’m looking at something the Chinese government recently said because it’s very important:

“Since China has entered the critical period of economic transformation, it is time to raise financial security and demonstrate a better understanding of the interplay between finance and the real economy. If the 1997 Asian financial crisis and the 2008 subprime mortgage crisis are anything to go by, then the next cataclysm will come as a result of inadequate risk prevention, swiftly followed by universal economic collapse and resultant woes.”

“That Almost Brought Down The World”
So China is now focused on their financial system in order to prevent what could be an absolute catastrophe. And if you read between the lines, they are blaming the U.S. for these catastrophes. When they talk about 1997, they are talking about the failure of Long Term Capital Management (LTCM). That almost brought down the world.

The Rest…HERE

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