The decision to put U.S. military forces on “high alert” in South Korea shows that they are gearing up towards war with Russia and China, according to political activist Mike Billington. Billington says that the world is on the brink of an economic crisis that only China can survive. A fact deemed intolerable by the United States.
On Friday we presented Kyle Bass' latest interview in which the Texas hedge fund manager explained the reasoning why he thought shorting the Yuan is the "greatest investment opportunity right now." The crux behind the argument was well-known to Zero Hedge readers, namely China's peaking credit cycle driven by soaring bad, or non-performing, loans which have so far been swept away, but which courtesy of a $35 trillion financial system are nothing short of a "neutron bomb", as we first dubbed the embedded risk, waiting to go off. Here is Bass:
Submitted by Charles Hugh-Smith via OfTwoMinds blog,
All the phantom wealth piled up in China's boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets.
The 1979 film The China Syndrome took its name from the darkly humorous notion that a nuclear reactor meltdown in the U.S. would burn straight through the Earth to China. (wikipedia: The China Syndrome)
In late September, India “surprised” 51 out of 52 economists by cutting rates a larger than expected 50 bps.
Despite RBI Governor Raghuram Rajan’s penchant for catching markets off guard and despite the fact that exports had fallen for eight consecutive months, economists still failed to predict that anything more than 25 bps was in the cards.
One week ago, many were shocked when an in an exclusive interview with China's official mouthpiece, the People’s Daily, an "authoritative insider" offered his interpretation of the details of China’s supply side structural reform.