China right now is US late 2007...the shadow banking system there ready to set off...their version of LIBOR hit 25% the other day...that tells you something very important...pay attention!
In China, loanees are the loaners but at 25% interest rates...the growth has slowed and these loans wont be paid back...when their central bank comes in with support(i.e.-free money but too late I might add), interest rates are going to soar...but in China, they will not be able to withstand the high interest rates and the economy will really slow...once jobs are lost, there will be rioting in the streets.
China will slow down Asia which in turn will affect Europe and the US....the wheels have been set in place...and yes, technical analysis did show this over a year ago...TA didnt know exactly what the trigger would be, but it knew there was a trigger coming.
Thats right, you get news before it even happens...and on a BMW message board haha...
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