American economist Davy Jun Huang said that local government debt in China is enormous, creating an unprecedented financial predicament.

‘The most important thing to become an international financial center is trust from the United States,’ Takafumi Maki, a Japanese financial professional, wrote.

The RMB will depreciate further as the CCP may “monetize the fiscal deficit” of the state.

Tsunami warnings forecasting waves up to 3 meters high were issued for Okinawa.