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The news about Greece, Puerto Rico, and Illinois (plus several of her cities) running out of money are headlines.  But, the western MSM have scant news about the drastic drop of the Shanghai market over the last few days.  For six months, the market almost doubled. Now, its dropping like a rock.  Whether its the long predicted bubble bursting, or not is the question,  Their internal debt is surfacing -- US Treasuries are not enough to paper over the hole any longer. 

 

Regional governments lead by corrupt local party and army leaders built about 20 large cities and the largest mall in the world on spec. All have about a 99 percent vacancy rate.  And, you thought those subdivisions built on spec in the US were a bad investment, 

 

Buckle up, its going to be a bumpy ride, kiddies.

TRUTH -- THE NEW HATE SPEECH!

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