The Bank for International Settlements Warns That a Major Debt Meltdown in China is Imminent

The Bank for International Settlements Warns That a Major Debt Meltdown in China is Imminent

The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China.  Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history.  At this point the total value of all outstanding loans in China has hit a…