Friday, September 7, 2012

The Mother of All Debt Bombs in China?

"From the beginning of 2009 to the end of June this year, Chinese banks have issued roughly 35 trillion yuan ($5.4 trillion) in new loans, equal to 73 percent of China's GDP in 2011. About two-thirds of these loans were made in 2009 and 2010, as part of Beijing's stimulus package. "

This could be THE tipping point for the collapse.  Many may think I'm calling wolf, but can we really tell?  Don't be the person who goes door to door tryingt o find food fore your family.  Make your preparations, have at LEAST 2 weeks worth of food in your house, home, apartment whatever, try to have a few days to a week worth of water.  If you take medicines for chronic health needs contact your physician and try to get a couple extra weeks of your meds NOW before the cots and availability go beyond your reach.

H/t Insty

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