China’s Coming Meltdown Will Rapidly Spread to Australia



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China’s Coming Meltdown Will Rapidly Spread to Australia

The coming credit crisis in China is no secret.
China has US$1 trillion or more in bad debts waiting to explode. These bad debts permeate the economy.
Some are incurred by Chinese provincial authorities trying to get around spending limitations imposed by Beijing.
The post China’s Coming Meltdown Will Rapidly Spread to Australia appeared first on Daily Reckoning Australia.

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The Role of Gold in a Digital World

Gold is money.
Any paper currency in your wallet, on the other hand, is fiat money. Backed by nothing other than faith in government.
One of the arguments in using gold as the basis for a monetary system is that it’s stable.
The post The Role of Gold in a Digital World appeared first on Daily Reckoning Australia.

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