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16:05
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Originally posted by AverageJoe
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Plenty here have already decided market crash scenario is a given. The hoarding of physical as the only asset of safe haven implies that when the SHTF nothing else will have value. That would imply to me as currency reset. Very unpredictable event should this scenario pans out with unpredictable market behaviour.China's debt problem , but there is one particular report which provides a spectacular example of its size and scope.state-owned rail corporation racked up 4.14 trillion yuan ($866 billion) in debt by the end of the first quarter, according to an audit report that was made publicly available on April 29 and reported by business magazine, Caixin.all of the governments and businesses in Australia combined have a net foreign debt bill of just over a trillion dollars. China Railway Corp is not far off.debt is building up as the railway company, which operates China's trains and is responsible for its much lauded 19,000 kilometre high-speed rail network, loses money. In the first quarter, CRC reported a net loss of 8.73 billion yuan, up 35 per cent from a year ago.
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I'm not sure why you think gold travelling from West to East is a gold bug invention. It's a pretty simple fact any way you look at it.
