On the heels of crude oil plunging 5%, this is how dangerous the situation has now become for the global financial system.

Inflation is surging in the United States, but take a look at the world’s highest and lowest inflation countries in 2017 (see chart below).

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But here is what is really troubling: Look at the balance sheets of the Federal Reserve, Eurosystem, Bank of Japan, and Bank of England (see stunning charts below):

Central Bank Balance Sheets

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Here is a look at Private Debt/GDP.  The U.S. doesn’t look that bad compared to Japan, Europe, and China (see chart below).

China’s Private Debt Is A Growing Concern

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King World News has been warning for many weeks about the all-time high record commercial short positions in crude oil and the total energy markets……More Here