China is blowing a huge $23 TRILLION credit bubble.. and it's starting to collapse

03/08/2014 - 00:00

By George Washington -

The head of China’s sovereign wealth fund noted in 2009: “both China and America are addressing bubbles by creating more bubbles”.

He’s right …

Global credit excess is worse than before the 2008 crash.

The U.S. and Japan have been easing like crazy, but – as Zero Hedge notes  [if you missed it when Tyler Durden first posted this] – China has been much worse:

READ MORE ON ZERO HEDGE