Greek Exit plus Chinese financial implosion = Another Great CRASH?

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  • $5 submissions
    I help you SUCCEED
    • Nov 2003
    • 32195

    #1

    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?
  • Goethe
    So Fuckin' Bored
    • Nov 2014
    • 1101

    #2
    Bought a tin hat.
    yes

    Comment

    • crockett
      in a van by the river
      • May 2003
      • 76818

      #3
      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.
      In November, you can vote for America's next president or its first dictator.

      Comment

      • k0nr4d
        Confirmed User
        • Aug 2006
        • 9231

        #4
        I feel bad for the greeks. They imposed capital controls and max withdrawals in thier banks of 60 euros a day...
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        Comment

        • lezinterracial
          Confirmed User
          • Jul 2012
          • 3117

          #5
          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.
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          Comment

          • Paul Markham
            Too old to care
            • Jun 2001
            • 52942

            #6
            China has a huge problem, they're over reliant on exports and have an over inflated economy.



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            Comment

            • NewNick
              Confirmed User
              • Mar 2009
              • 7229

              #7
              Originally posted by Goethe
              Bought a tin hat.
              Sold a tin hat.
              "Americas Hitler" JD Vance.
              “There isn’t really an upside to Trump.” Tucker Carlson.
              “a convicted felon rapist is now your president” OneHungLow, gfy.com

              Comment

              • romeo22
                你自己去他媽的
                • Mar 2008
                • 23350

                #8
                Sooner is better

                Comment

                • sperbonzo
                  I'd rather be on my boat.
                  • May 2003
                  • 9750

                  #9
                  Originally posted by NewNick
                  Sold a tin hat.
                  Brokered a tin hat deal.





                  .
                  Michael Sperber / Acella Financial LLC/ Online Payment Processing

                  [email protected] / http://Acellafinancial.com/

                  ICQ 177961090 / Tel +1 909 NET BILL / Skype msperber

                  Comment

                  • crockett
                    in a van by the river
                    • May 2003
                    • 76818

                    #10
                    Originally posted by sperbonzo
                    Brokered a tin hat deal.





                    .
                    Had factory in China build a tin hat..
                    In November, you can vote for America's next president or its first dictator.

                    Comment

                    • Barry-xlovecam
                      It's 42
                      • Jun 2010
                      • 18083

                      #11
                      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: This is a our Great Depression. Not only in an economic sense, but also in a psychological sense. Greeks are in a catatonic state.
                      Yanis Varoufakis: Greece is Finished | naked capitalism

                      Comment

                      • JFK
                        FUBAR the ORIGINATOR
                        • Jan 2002
                        • 67373

                        #12
                        Originally posted by crockett
                        Had factory in China build a tin hat..
                        I have a shipload of them coming over from China

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