IMF Warns, US Economy Uncertain As China's Credit Growth Poses A Risk - Episode 1298a
Toronto's housing bubble has exploding, houses are up for sale and there is no traffic which means there are no buyers. US productivity has stalled. Banco Popular is in trouble and the contagion is going to spread if the bank is not bailed in or bailed out, the central bankers are looking for a buyer of last resort to step in and save the bank. The IMF says that the US economy is uncertain and China credit growth poses a major risk. This is a warning that the economy is about to collapse.
I would imagine a collapse of the $ would do wonders for cryptos. Thoughts?
should hold some gold just in case
I don't even know how that would work for Bitcoin or Steem, since both are tied to the USD... (Steem indirectly because it must be transferred into BTC before you can turn it into dollars) :/
possibility getting higher, the credit of usd is going down
Great to see @x22report on www.steemit.com - been subscribed for years on uchoob.. ;-)
I think one of the reason BTC (alt) has rally IS because many "see the writings on the wall" ......
i'm so glad x22 is on steemit. i'm only here because dave mentioned it in his cast once. 1st thing i did when i joined steemit was follow x22. it is the go to for real news
Dave, the bank flying under the radar that I have been tracking is Commerzbank. Although they posted a cheery quarterly report, this bank deserves scrutiny as Deutsche Banks partner in stupidity
Great Post. Thank you!
@x22report I had to resteem this. I have been trying to tell a few friends and co-workers that we are in another bubble. With an estimated 10,000 retail stores that are projected to close in 2017, the auto industry subprime loan defaults rising, and over 1.4 trillion dollars in student loans with defaults rising as well. The economy isn't looking good. Thank you for explaining everything and backing it up with facts. Got a new follower.
Dave is so good. I've followed him for years on the you know. Obviously, it's not as 'imminent' as many of us have anticipated, somehow they are able to manipulate things and keep them going. It will happen though, my intuition is seldom wrong.
Great report Dave!