Evergrande Debt Crisis: Has the Everything Bubble Found Its Pin?

We do not know if it is the next Creditanstalt or Lehman, but experts say it is a good candidate. [Red Rock Secured Logo]( Evergrande Debt Crisis: Has the Everything Bubble Found Its Pin? The world is awash in debt. Global debt – government, household, corporate, and bank debt – is now closing in on $300 trillion. The Institute of International Finance’s latest Global Debt Monitor states that the debt mountain grew by $4.8 trillion in the second quarter alone, reaching $296 trillion at the end of June. Along the way, all that debt has financed bubbles in stocks and bubbles in bonds that, like all bubbles, will pop with devastating effects when a pin happens along. Now that pin – or at least a good candidate for a sudden event that can topple the dominos of excessive debt – has shown up. But first, just a world about the pins that have popped prior bubbles. [Read More...]( The first major bank collapse of what became the Great Depression, the one that set off the chain reaction was Austria’s Creditanstalt. The conventional wisdom had it that Creditanstalt, founded by the Rothschild financiering family, was indestructible. But clearly seeing its unsustainable overextension, the great economist Ludwig von Mises refused several offers of executive positions with the bank. [Read Full Article...]( EXCLUSIVE BENEFITS $10,000 in FREE Gold or Silver Anyone who completes an application today could receive up $10,000 in FREE gold or silver. [Open a Gold IRA]( No Fees for Life Red Rock may cover all custodial and management fees for the life of your account. [Open a Gold IRA]( ROCK THE SPECTRUM Red Rock Secured is showing their support for Autism Awareness. Will you please help us make a difference by donating today? [Yes, I would like to donate.]( [YouTube]( [Facebook]( [Twitter]( [LinkedIn]( Copyright © 2021 Red Rock Secured1, All rights reserved. You were subscribed to the newsletter from Red Rock Secured Our mailing address is: Red Rock Secured1 400 Continental Blvd #200El Segundo, CA 90245 [Add us to your address book]( Want to change how you receive these emails? You can [update your preferences]( or [unsubscribe from this list](.