(Stillness in the Storm Editor) Benjamin Fulford’s report from February 17th, 2020 has been updated. Click here to read the full report. This post serves as a notice that the original has been updated; scroll down to where it says:
[Below is the remaining portion of Fulford’s update this week]
“China’s economy and financial system will most likely implode within 2 months. ‘The Party’ will try to keep it contained as long as possible. The government cannot sustain the $40+ trillion debt they created. Some in the know are saying the debt is closer to $50 trillion. All of it is computer generated unlimited credit. A lot of it is being used to build massive infrastructure projects, which include numerous empty cities, complete with empty shopping malls. Three banks have failed in three months. The government had to step in and take them over. There are an estimated 500 banks in China that are in serious trouble and expected to collapse according to Chinese banking regulators. This is around 15% of China’s financial institutions.”
We dismissed this statement at the time because predictions of the Chinese collapse have been failing to come true for decades. However, it’s now being backed by an article in the Chinese government-linked Global Times saying the country is headed for austerity. The Chinese know that pumping in money in the face of a freeze in real economic activity is futile. “In this situation, it won’t be feasible to adopt a proactive fiscal policy,” Chinese Finance Minister Liu Kun wrote. https://www.globaltimes.cn/content/1179749.shtml
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Last week week a reprint of the initial post …never got the follow up. This week IDK what happened…
It’s there. Are you not seeing it? Look below where it says…
[Below is the remaining portion of Fulford’s update this week]