[BeauBo]

Ghost cities and Zombie factories are some of the visible signs of how the mountains of money printed in China were widely mis-invested on loans that will never be paid back.

Less visible are the mountains of money that were stolen by Party elites.

“Is there a good book to read?”

Here’s the 11 minute short version (which still understates the severity): https://www.youtube.com/watch?v=gCzZEth8uNA

There are a series of videos from recent months and days featuring Kyle Bass and Steve Bannon discussing the situation in more depth. Here’s one:

https://www.youtube.com/watch?v=ZBl05xNq_AU

Others are found here: https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A

[poconopundit]

BeauBo, thanks for the links. I listened to Kyle Bass and he's very good. My trouble is getting past the first 15 minutes -- I start to lose track because I don't know the world of finance. Bannon is a bit better for laymen. But of necessity, he glosses over the details. I have faith in the Taipan in the Oval Office :-)

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