Jeff Fitchett: If you are still waiting to see what happens before you make any firm decisions as it pertains to a back up plan if all hell breaks loose in the financial system and global economy; I think you are missing the elephant in the room. It is staring at you and could not be more obvious. Please plan for a world in which the banks do not operate properly and civilization is no longer able to rely on complex distribution systems.
"Yes, you read that right. Amid a tumbling stock market, plunging trade data, weakening Yuan, and soaring volatility, China's aggregate debt (so-called total social financing) rose a stunning CNY3.42 trillion (or an even more insane-sounding $520 billion) in January alone."
Continue reading the article