China’s CATASTROPHIC Debt Is Scaring The IMF! – What This Means

Josh Sigurdson talks with author and economic analyst John Sneisen about the very prevalent debt that China’s currently facing as the IMF feels unnerved about its future.
The current debt in China is 3 times as big as the GDP.
In the next 3 or 4 years, China’s debt to GDP is due to grow from 235% to 300%.

This warning from the IMF comes just a couple of weeks after the IMF’s Christine Lagarde noted that the global monetary apparatus may move its headquarters to Beijing, China. As the IMF attempts to incorporate a digital centrally planned cashless system into the SDR global currency, China also leads the pack when it comes to countries pushing forward a cashless society alongside India, Australia, Sweden and places like Canada.
There is no doubt a power shift happening in the direction of the technocratic state of China as China builds and manipulates both its markets and monetary system into eventual oblivion. China is also attempting to break free from its dependency on importing and exporting.
As global fiat empires begin to crumble and fall, there’s no doubt that China will be a major player in the enforced monetary revolution to come which is why it’s that much more important for individuals to try and lead the monetary revolution themselves, outside of central planning and legal tender laws.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Josh Sigurdson
John Thore Stub Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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  • guruuDev

    If you don’t pay fraudulent interest to private banks, national debt is just the public borrowing from the public, interest free.

  • beyondtheprogramming

    How come NO ONE ever mentions the coming effects the new canal China’s building in Nicaragua will have on trade and commerce? How come?!

  • bev lower

    the master (IMF/World Bank) called his slave & demanded he repay the massive debt he owed.  but, the slave fell to the ground & begged the master to be merciful & feeling compassion for his slave (China), the master forgave his slaves debt.  well, the slave went his way & called a fellow slave (USA) who owed him a relatively small debt, & demanded repayment.  this slave also beseeched his fellow slave to be merciful with him, but, the first slave refused & had his fellow slave thrown into prison until he could pay back the debt in full.  if China gets squeezed…look out, we’ll suffer harsh treatment at their hand.

  • beyondtheprogramming

    As for Chinese ghost cities, I know people fresh from China. They leave China because mass amounts of Muslims are coming in – great place to house them, eh?

  • bev lower

    those “ghost cities” have a purpose.  United Nations Agenda 21 is to move ALL people off the land & into these cities for total control both of the human domain & control of all the earth’s resources.  China has been quite successful at this & there will be an even greater move in that direction soon.

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