Signs point to imminent financial crisis in China as debt comes due from historic line of credit issued. 28 trillion dollars, the value of the U.S. and Japanese commercial banking system combined, is coming due quickly. The Bank for International Settlements has issued global warning, as China’s financial status level is three times higher than what would be considered “dangerous”. World-wide implications imminent as 10 trillion in bonds are already trading at a negative rate.
- An unprecedented and historic line of credit by BIS is mostly issued secretly to global banks.
- Full-blown banking crisis shows vulnerability of BIS as it is secretly covers handling of global banks.
- Credit to GDP gap has become over 10 points and negative profits are showing on investments done by elite global investers.
“The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China.”