Europe Sovereign Debt Blowup, China Supply Chain Breakdown Coming Soon

An inflationary supply chain breakdown in China will begin to have dramatic consequences in the US around the same time as an impossible situation in the sovereign debt crises in Greece and Illinois could lead to a blow up in the financial system. Lee Adler and Russ Winter of the Wall Street Examiner and Winter Watch reveal how the scenario may unfold in part 1 of this podcast, free to all visitors (28 minutes), also available on iTunes. They tell how and when they expect these issues to impact the market. They also cover the "news versus the reality" on this week's economic data releases, revealing the real meaning behind the data, which the mainstream media usually misses or misinterprets.