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Debt Expansion Hit EPIC New Highs as China and Japan Lose Control!

from The Money GPS:

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1 comment to Debt Expansion Hit EPIC New Highs as China and Japan Lose Control!

  • Dante

    In a report released on Friday, Daiwa Securities Group, the second largest brokerage in Japan after Nomura, used the familiar CHINA IS THE SCAPEGOAT meme to both WARN of the global calamity they know is coming and deflect partial responsibility for its creation away from themselves:

    “If the expected growth rate declines and the progress of the capital stock adjustment causes the bad debt problem to become even more serious, the economy could spiral out of control, lapsing further into a meltdown situation… Of all the possible risk scenarios the meltdown scenario is, realistically speaking, the most likely to occur… If China’s economy, the second largest in the world, twice the size of Japan’s, were to lapse into a meltdown situation such as this one, the effect would more than likely send the world economy into a tailspin. Its impact could be the worst the world has ever seen.”

    Conspiracy theory? Rarely does a financial powerhouse the likes of Daiwa speak so bluntly about the state of affairs. But when they do, it’s time that people open their ears and LISTEN because the next step after a warning will be the calamity itself. And while Daiwa might consider their conscience to be clear because of the “I told you so”, I seriously doubt CNBC or Bloomberg will bother to repeat this warning to their audience, instead gleefully sugar-coating the crisis and further cementing their complicity at keeping the masses in the dark. This is what the Ministry of Propaganda does.

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