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IPFS News Link • China

Pento: Maniacal Money Printers Have Gone Mad Fighting China Virus

• https://www.zerohedge.com, Greg Hunter

Pento explains, "China has the biggest amassing of debt the world has ever seen and at the fastest pace never before matched in history..."

"This is a country teetering on meltdown. Multinational companies like Nike, Apple and Google...

major U.S. corporations are saying we cannot give accurate readings for what's going to happen in all of 2020, and yet Wall Street doesn't care.  It is because China, the United States and all the other central banks are printing money like never before trying to mollify the effects of this virus...

We are going to have a global recession in the first quarter of 2020. U.S. GDP will be lucky if it gets to 1%. Singapore is warning about a recession. Australia is warning about a recession. The Eurozone, which is China's biggest customer, is going to be in a recession.

Nobody cares because the maniac money printers have gone mad....

China is a country with $40 trillion in destabilizing debt. David Stockman calls it the Red Ponzi, and I could not agree more. Then you are taking a country that is already decelerating rapidly from before... Their stock market has already been cut in half, and then you throw into this the coronavirus, which has virtually shut down the entire nation. It's the second biggest economy on planet Earth, and Wall Street doesn't care. "