China’s debt is growing at an extraordinary rate and the who whole economic structure is based on a real estate house of cards. Not only is China incurring debt against the inflated values but they’ve taken the debt proceeds and leveraged them in a highly-speculative stock market that is crashing. Furthermore, China is willing to incur more debt subsidizing overseas projects to third world countries that are typical not credit-worthy. Add a population that is living longer and supported by one-child families since 1979 and you’re looking at $128 trillion of unfunded pension obligations. American companies want to invest there blinded by supposed access to China’s markets but, truth is, most of the people there will be unable to support their own economy. Listen to the facts, hear the numbers, and decide for yourself: Would you invest in China?
American History Minute:
Battle of New Orleans
“A Tramp’s Thoughts” by Tom Neilson