​Beijing Helicopter Taking Off: China Central Banker Calls For Direct Money Transfers To Households – Tyler Durden

Beijing Helicopter Taking Off: China Central Banker Calls For Direct Money Transfers To Households When the US economy crashed in a deflationary vortex during the global financial crisis (and just after the time giant yen carry trade imploded), it seemed to many that another great Depression was assured. However, after a brief period of pain, both the US and the world economy staged a remarkable rebound which, we learned after the fact, was thanks to a unprecedented releveraging undertaken by China, which issued trillions in new debt and used the proceeds to not only build countless ghost cities, but to…  — Continue at ZeroHedge News : Read More