China’s COLLAPSE Is So Much Worse Than You Think! You NEED To See This… (Video)

1 thought on “China’s COLLAPSE Is So Much Worse Than You Think! You NEED To See This… (Video)”

1. https://www.zerohedge.com/geopolitical/china-builds-27-empty-new-york-cities

   Estimates of bad debt in the Chinese banking system run as high as 50 percent of GDP—or about $7 trillion. Far more than enough to make the banking system insolvent.

   That underscores a problem when the government of a country enlarges debt to magnitudes beyond the scale of assets held by even the wealthiest persons. That makes it all the more unlikely that mortgaged assets can be redeemed from hock while encumbered by anything like their current level of debt.

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