12 Major Chinese Defaults Imminent [Full List & GMN Report]

by Pete Santilli, The Pete Santilli Show & The Guerilla Media Network

Since late 2013, for those paying attention to the financials, we were informed of a doom & gloom scenario coming January 31st with a potential China hedge fund default.   The magnitude of the potential default was immeasurable, and the contagion was unknown until the default unravelled.

Not one major main stream media mentioned the bus load of other defaults specifically, and if one were to watch CNBC, you would be convinced now is the time to take out a second mortgage and go buy a Cadillac Eascalade.  Never once had they lined up 12 additional defaults as we discovered today.  As if they could sweep it under the carpet for the purposes of keeping : “CONFIDENCE” in the system.  The key syllable is “CON”.

Todya we were made away of 12 major imminent defaults. Certainly IMMINENT, because the debt needs to be restructured now.  Although a defualt date is in May, if there is no method of repayment, it’s essentially a count down to the default date.

Since we’re in the business of reporting information that the main stream media essentially covers up, take a look at the reality of the so-called “recovery” scenario the government and media fraudulently portray.

See full article and GMN Report

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