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The Great Global Rig is Ending…Are You Prepared?

by Graham Summers, Gains Pains & Capital:

The markets are beginning what could in fact be an epic meltdown.

China is on the verge of a “Lehman” moment as its shadow banking system implodes. China had pumped roughly $1.6 trillion in new credit (that’s 21% of GDP) into its economy in the last two quarters… and China GDP growth is in fact slowing.

This is what a credit bubble bursting looks like: the pumping becomes more and more frantic with less and less returns. Check out the collapse in China’s stock market.

We are literally back into 2008 Crash territory here:

Read More @ GainsPainsCapital.com

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