China's CATASTROPHIC Debt Is Scaring The IMF! - What This Means
In this video, I talk with author and economic analyst John Sneisen about the very prevalent debt that China's currently facing as the IMF feels unnerved about its future.
The current debt in China is 3 times as big as the GDP.
In the next 3 or 4 years, China's debt to GDP is due to grow from 235% to 300%.
This warning from the IMF comes just a couple of weeks after the IMF's Christine Lagarde noted that the global monetary apparatus may move its headquarters to Beijing, China. As the IMF attempts to incorporate a digital centrally planned cashless system into the SDR global currency, China also leads the pack when it comes to countries pushing forward a cashless society alongside India, Australia, Sweden and places like Canada.
There is no doubt a power shift happening in the direction of the technocratic state of China as China builds and manipulates both its markets and monetary system into eventual oblivion. China is also attempting to break free from its dependency on importing and exporting.
As global fiat empires begin to crumble and fall, there's no doubt that China will be a major player in the enforced monetary revolution to come which is why it's that much more important for individuals to try and lead the monetary revolution themselves, outside of central planning and legal tender laws.
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Thanks for sharing
It's not just China , the fiat system is going to come to an end with a Big Bang I would imagine within a few years. The IMF knows this and already has the SDR in place, cheers mike
I agree! Something I go into in the video!
Thanks Josh. Did China debt pass Japan yet? Last number I saw Japan debt was at 250% GDP but that was 2016 number.
Thumbs up!
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nice post
to be a cool country you have to have a lot of debt, that's the new economic peer pressure... acting like irresponsible teenagers, it's a great world !!
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Where else am I going to put the QR code? lol :P
Great work.
China's only doing what every major economy does, they print money and buy stocks. Japan does it, Swiss does it. One day, it will no longer be picking stocks on fundamentals like profitability or solvency, it will be the government is propping this stock up so let me buy it.
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