by John Rubino
Dollar Collapse
The world recovered remarkably well from its 2008-2009 near-death experience, thanks largely to China’s decision to borrow an ungodly amount of money and spend it on the mother of all infrastructure builds. This pulled most developed countries out of a hole that they might, on their own, have been unable to escape.
Now the same group of idiots has dug an even deeper hole, leveraging pretty much everything to buy one last decade of false prosperity. The inevitable bust approaches, bigger and nastier than any in living memory. But this time there’s no Chinese economic miracle coming to the rescue, because China is arguably in worse shape than the US and Europe.