{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"John Rubino--Is A Chinese Currency War Underway?  24.Mar.14","description":"John Rubino of DollarCollapse.com joined us for our Monday discussion. He says, &quot;It&amp;rsquo;s amazing how quickly China went from being the world&amp;rsquo;s savior to its biggest danger.&quot; To recap:\r\nWhen the developed world stepped off a cliff in 2008, China responded by borrowing about $15 trillion and spending most of it on infrastructure. Roads, bridges, skyscrapers, power plants,&amp;nbsp;whole cities&amp;nbsp;went up around the country. The resulting demand for everything from iron ore to wind turbines helped offset contractions in the US and Europe, turning an incipient global Depression into nothing more than a severe recession.\r\nBut government-directed growth on this scale produces a mountain of misallocated capital which eventually comes back to haunt its owner. And that's where we are now.&amp;nbsp;","author_name":"Kerry Lutz's--Financial Survival Network","author_url":"https:\/\/FinancialSurvivalNetwork.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/2746346\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/2746346"}