CHINA DOWNGRADED BY MOODY’S! – Massive Debt Crisis Continues To Destabilize Country!
Josh Sigurdson and John Sneisen report on the recent downgrade of China by Moody’s bringing their credit score down to “A1” which is considered “stable”. This is a massive downgrade as China sees massive amounts of debt piling up due to constant, obsessive market and monetary manipulation with bubbles popping up everywhere.
This is all while China sees a massive potential food crisis in the making as they attempt to take over the global food market. This will likely involve a technocratic solution coming from the communist Chinese government.
This is happening in most places in the world due to the level of central planning we see on a global basis, but due to China’s massive population, it’s become more volatile and more likely to come crashing down.
As we’ve reported on before, it appears that the BRICS countries are competing against the west to take over the global monetary system which is a terrifying possibility.
As China is attempting to champion the cause of a global, centrally planned cashless society to be implemented into the SDR (Special Drawing Rights) world currency, basically enslaving people to the banking system entirely and eradicating any remaining free market agreements or privacy, this is becoming more and more dangerous!
We will continue to cover this as it develops! Stay tuned to WAM!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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