By TYLER DURDEN – Zerohedge
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 spark an inflationary tsunami around the world which helped the world economy recover from its depression on very short notice. Continue reading “Beijing Helicopter Taking Off: China Central Banker Calls For Direct Money Transfers To Households”