muses of the moment

June 26, 2013

This is not good

Filed under: Economic Crisis, Global Debt, The Banking Crisis, The Financial Crisis, Unemployment — totallygroovygirlfriday @ 11:26 am

The news out of China the last week seems to be going from bad to worse (first capital controls, now a credit freeze). If true, that Chinese banks are putting on a credit freeze and there is no lending, the globe will have a major problem.

Click here.

Ladies and Gentlemen, all our (US) products are produced in China. Anything actually made in the US, the raw materials come from China. That is on top of the global investing funds in China.

However, the flight to safety may be to US and Europe markets and currency. All part of the long-term cycle, the breakdown of the global debt market.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: