Great recession fears as bankers warn next global crash could arrive 'with a vengeance'
A new financial crisis is brewing in the emerging economies and it could hit “with a vengeance”, an influential group of central bankers has warned.
Emerging markets such as China are showing the same signs that their economies are overheating as the US and the UK demonstrated before the financial crisis of 2007-08, according to the annual report of the Bank for International Settlements (BIS).
When the Bank of International Settlements talks about the economy everyone should listen to what they have to say because they are the central bank for central banks around the globe or better know in the alternative media realm as the club. The same club that rigs gold, interest rates and stock markets around the world and if they are saying there's going to be problems in China then you can be damn sure that they have all the power to collapse the Chinese market whenever they feel like it.
Chinese corporate debt has almost doubled since 2007, now reaching 166 per cent of GDP, while household debt rose to 44 per cent of GDP last year.
The Chinese are quickly becoming debt slave just like America and that debt system is the only thing holding the economy of America and Europe afloat right now. The only problem with China is it's a hell of a lot bigger population wise and it's bubble had grown at a much faster rate over the last couple of decades which means it can deflate even faster than the American and European ones.
Like Jsnip4 always says, "remember what old Lindsey Williams use to say, watch China, China is the big one" that still might be in the cards of these bankers that are publicly saying this. That might mean they intend to get the 'party started' by using China as the needle to pop the global financial bubble.
Good reference to use where everyone stands on the globalist money and control scale.
Excellent Post!
Oh no... although I'm seeing the signs too, I'm still praying that they figure something and prevent the what is the next Great Depression from happening.
Congratulations your post is wonderful.