Skip to comments.China Debt Bomb Ready to Explode
Posted on 10/30/2018 7:11:04 PM PDT by SeekAndFind
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We’ve been propping up China ever since Tricky Dick Nixon started making deals with them. Hard to see how this can go on much longer.
Of course, Trump will get the blame if there’s giant crash.
Don’t wars start over stuff like this?
From what I understand (limited as it is), the Fed has to tighten upon money to unwind all of the leverage from supporting effectively negative interest rates for years of propping up O-bozo. Now that The Donald has real growth going, the Fed has their opening.
Meanwhile, I am guessing that the POTUS, unlike his Libtard foes who think he is stupid, understands that China has fiscal feet of clay.
We have lots of people who do nothing all day but think about money.
Very interesting; thanks for posting this article!
Traveling to Shenzhen about a decade ago, I was amazed to see literally hundreds of very tall cranes filling the horizon with building projects.
It was incredulous.
Was such unbridled construction tainted by ambitious government plans to house people in better earthquake-resistant living conditions?
Large scale government investments create enormous waste and abuse because they are not grounded in entrepreneurs who carry great risk on their backs.
Apparently China is a Black Swan catastrophe waiting to happen because builders and bankers don’t have adequate skin in the game.
I think this is what the author is talking about.
China collapsing will not hurt the US economy. We will survive without the paltry exports to the Communist country.
Chinas collapse will be boon to many other economies when they pick up the slack.
There are two Americans/Brits who travel China on motorcycles visiting these ghost cities...the recently completed buildings/malls are already crumbling do to poor materials and workmanship.
“Meanwhile, I am guessing that the POTUS, unlike his Libtard foes who think he is stupid, understands that China has fiscal feet of clay.”
Well said. I agree.
We catch that show once in a great while on VERY late Free Government TV. Always very, VERY interesting!
I wonder if they used any of that poisoned drywall like they sent here once.
So what are the consequences for us in the US?
Not to mention also the fact that thier one child policy for 40 years now means they have literally no replacement workers. They are screwed. Maybe some illegal immigrants could help. Lol.
China also just lost Brazil in the geo political scheme of things. Im not tired of WINNING.
Much of those ghost town buildings built just a few years ago, are crumbling and breaking down.
They were built very poorly and cheaply, and now they are literally falling apart
Yup, all the major ones.
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