Greek Exit plus Chinese financial implosion = Another Great CRASH?
 

The Greek Exit from the Euro is not a matter of if but when.

The market has already factored that eventuality in.

The BIGGER QUESTION is whether the global economy is ready for when China's shady financial roosters come home to roost.

There's a huge housing bubble in China that's showing signs of bursting.

Worse, they have an 'off the books' credit system that threatens to undermine the balance sheets of legitimate banks.

Put these two factors together ALONG with a possible unexpected development in Europe or the US and you might have the Financial implosion of implosions.

We're talking COLOSSAL

What's your game plan?

How have you prepared for the unexpected?

Bought a tin hat.

China will be the big crash, it will kill Russia as well and hurt the rest of us. On the plus side maybe the U.S. Can then pay China's loans back at their new lower yen level.. Hehe

Also you can count on North Korea going under as well if China does.. While that might not mean issues to any financial markets it will however send thousands of fleeing refugees into near by countries.

I feel bad for the greeks. They imposed capital controls and max withdrawals in thier banks of 60 euros a day...

I notice bitcoin price is up and futures are down. The way the US stock market works, The DOW may go up. Every time the market seems to have problems the Fed tells everybody the interest rates are staying at zero forever. Bad news is good news.

This looks like a good reason to update my survival blog though.

China has a huge problem, they're over reliant on exports and have an over inflated economy.

Sold a tin hat.

Sooner is better

Brokered a tin hat deal.





.

Had factory in China build a tin hat..

The US Treasury issues and redeems debt in US Dollars only.

My Big Fat Greek Bank Black Hole: No Deposit Insurance | naked capitalism


Yanis Varoufakis: Greece is Finished | naked capitalism

I have a shipload of them coming over from China :pimp