CHINA PANIC: 250% Debt/GDP And A Staggering $30 Trillion Of Debt
KingWorldNews.com
June 27, 2018
As the world hurtles toward the next crisis, there is now panic in China as now face 250% Debt/GDP and a staggering $30 trillion of debt.
Debt/GDP Of 250%!
June 27 (King World News) – Gerald Celente: “Look at what’s going on in emerging markets. You are watching one currency after another hit new lows or yearly lows. Emerging markets are $10 trillion in debt. And when you look at 2nd quarter Chinese growth, there’s a sharp decline in a lot of sectors. It has nothing to do with the trade war. They have some real problems…
Gerald Celente continues: “China’s Debt/GDP ratio is roughly 250%! They have $30 trillion in debt. Now things are slowing down so they are printing more money in order to boost their economy. China’s currency is not going down because they want to gain more trade exports. It’s going down because they are juicing their markets with more cheap money. It goes back to gold. Gold is still the ultimate safe haven asset. And if this thing breaks out to war in the Middle East, kiss the markets goodbye. And watch inflation and gold prices skyrocket.
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