As we’ve been outlining for weeks now, Subprime 2.0 is the subprime auto-loan industry. And just as the collapse in the subprime mortgage lending was what signaled the beginning of the housing crisis… trouble in the subprime auto-loan industry will be what signals that the next Debt Crisis is here.
On that note… subprime auto-loan defaults are soaring, hitting 11.96%. The last time they were anywhere near these levels was in early 2008 right before the credit crisis hit.
Even worse, the subprime auto-loan industry is just the tip of the iceberg for our current debt bubble.
All told the world has added $57 TRILLION in debt since 2008… bringing the total debt in the world to $217 TRILLION.
That’s means that globally the world is sporting a Debt to GDP of 325%.
And when this Debt Crisis begins, Central Banks will be powerless to stop it as they’ve already used up most of their ammunition during the 2008 Crisis.
A Crash is coming... and it's going to horrific.
And smart investors will use it to make literal fortunes from it.
To pick up a FREE report outlining how to profit from the coming crash...
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