THE DAMN SPRINGS A LEAK – AS WE PREDICTED
One of China’s premier brokerage firms, has now defaulted on a critical bond at 1.4 billion. This Default will trigger two events:
- More defaults
- A ripple cascade in the system
These dominoes will begin to raise the critical path wave of CONTAGION as the investment banks and banks have their worst quarter since the Great Depression – and you an’t seen nothing yet.
We’ll keep a light on for you out there – and we told you.
Amazing how the world isn’t reporting the real news – a bit more important than say Cruz and Trump in our opinion. The Damn has been breached in China folks – there is no come back from this default.
Berry Dohrmann – Chairman
PS: Still in the market – why?