China Is About To Shock The World And The Global Financial System
KingWorldNews.com
July 16, 2016
On the heels of the Dow hitting new all-time highs and the U.S. dollar surging, China is about to shock the world and the global financial system.
(King World News) Stephen Leeb: “Global turmoil keeps ratcheting up. Just when you think it couldn’t get any worse, it does. The attempted military coup in Turkey is the latest eruption, following on the heels of yet another massacre in France. Syria remains an ongoing nightmare while terrorist bombings in Iraq are so commonplace they barely register…
Stephen Leeb continues: “In terms of economic and financial instability, less violent but still worrisome manifestations of turmoil include signs that Italy’s banks are on the brink of ruin while Britain’s foreign debt is nearly five times greater than the country’s GDP.
And the West seems helpless in the face of it all, with monetary levers that could be used to boost growth, always a healer of sorts, busted in the face of negative productivity growth and the inability of heavily indebted governments to chip in.
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