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.

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