Catherine Austin Fitts, a former Wall Street investment banker, says, “To me, the number one risk economically is China. If you look at who has real serious domestic problems and political problems – it’s China. The really scary part of the global economy is if we really see China spiral down, then we could see the rest of the world spiral down. That would be my big concern, not the U.S. or the dollar.” Source: Greg Hunter
Jim Rogers: Of course they face rough waters ahead, Tara. You know, India and Indonesia – Turkey too, which is part of Asia – all of them have huge balance of trade deficits, which they’ve been able to finance with all this artificial free money that’s been floating around. Now, the artificial sea of liquidity is going to end some day and when it ends, all the people depending on this free money and this sea of liquidity are gonna suffer. Whether its this week or this year or next year, they’re all going to suffer.
Silver: The Bear Case