DTube - China's CATASTROPHIC Debt Is Scaring The IMF! - What This Means
Watch DTube - China's CATASTROPHIC Debt Is Scaring The IMF! - What This Means video on DTube
Here's another mirrored video report of mine for Dtube! See the original article below:
Josh Sigurdson talks 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
Happy to! :)
The BRICS are already trading amongst themselves and bypassing the dollar. China has the largest storehold of Gold in the world, and regardless of what the IMF says China will play its on own game.
Whenever any country openly announces they are going to a Gold backed or other tangible asset currency, it will pull the plug on the dollar. The BRICS are already aligned with their own completely independent financial system, and they will announce they too are going Gold backed. According to Dr Jim Willie the dollar will probably split into a 2 tiered system, with a domestic dollar decreasing in value as much as 80%, so say goodbye to your life's saving if you have an IRA, 401K, Stocks, Bond, or other fiat backed counter-party risked asset!
Do you think we will have high inflation with double digit interest rates in a few years or will it take ten or more years?
Boo hoo
I like DTube, but I can tell there are still some bugs that need to be fixed.
yeah it's a bit quirky yet, but a great concept.
cool content!