The world isn't in for another financial debt meltdown, but should be. This time banks are pushing for higher rates. The likes of Goldman Sachs had pushed multinationals to expand into China and Russia. Banks made money with the dealings, controlling currencies and rates, while buying their clients real estate and providing M&A transactions. Their clients were both ( thousands of ) Chinese and Russian national companies and US multinationals. Now, the likes of Goldman are saying, guess what! - you need increasing interest rate protection and we will buy it for you. If US multinationals post losses overseas, then our manufacturing data and employment numbers won't help the stock market.
The problem for China is their gold. Goldman and banks has caused another bubble in China, and so Goldman and banks are betting against gold. This is just another manipulation swing and it will reverse. Banks are swingers. That's how they make money without being loyal to anyone. A quick type - latter.
The bubble is china is in real estate, not gold. At least not what I have seen. I was hoping (hope doesn't always translate into $$) silver would get higher before a correction, but JP Morgue and the rest have bet against gold and silver for long time now. They also bet for gold/silver and can increase one way or the next in any given week. Hard to follow them all because you can't. The information is out there if we want to take the time to analyze all of it.
Everyone watch the hi-jacked plane while things are seriously a problem with Obamacare, petroldollar and Ukraine crisis. These are serious financial issues with dire consequences here...