The Insurance Scam Connection Between China’s Economy & Massive Explosion

The inventories of United States vehicles in China has exploded recently, with sales collapsing, leaving thousands upon thousands sitting and collecting dust in China’s ports.

From Zero Hedge:

With credit collapsing – except for buying stocks on margin – it appears the Chinese have found an alternative way to drawdown that inventory…

With inventories at record levels…

And inventories-to-sales flashing recession red. One wonders if Automaker management ‘hopes’ for some more apocalyptic scenarios in global ports to drawdown this stack of vehicles that no one is buying.