Fears grow China's HUGE debt bubble will spark a devastating global CRASH

Prophecy Sign:  The coming global economic collapse, (and reset)

A great many nations of this world are so far in debt that there is now no possible way of climbing their way out.  The only way to begin anew is to essentially declare bankruptcy, (debt defaults/economic crash), and implement a brand new global economic order, (the new economy of the Antichrist and the 10 new kingdoms).  

Venezuela is a microcosm of just what this world may look like when things really get bad as a result of a world wide economic tsunami. 

"Will not all of them taunt him with ridicule and scorn, saying, "'Woe to him who piles up stolen goods and makes himself wealthy by extortion! How long must this go on?' Will not your creditors suddenly arise? Will they not wake up and make you tremble? Then you will become their prey. Habakkuk 2:6-7 NIV

Fears grow China's HUGE debt bubble will spark a devastating global CRASH
Stock markets across the world plunged today amid growing fears China's monstrous debt bubble is about to burst and trigger a devastating financial crisis. Britain's FTSE 100 finished in the red, after stocks in the Asian country fell earlier in the day. Europe's top stock markets were also down. Investors are becoming increasingly nervous the world's second-largest economy is about to trigger a crash, which could be worse than the stock mayhem witnessed at the start of this year and last August. China has been taking on yet more debt in what is thought to be a bid to combat its economic slowdown. The Asian country's deficits reached 237 per cent of GDP in the first quarter of this year, from 148 per cent at the end of 2007, according to the Financial Times.


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