China's fake economy propped up by the government and real estate is spiraling downward...
CHINA’S IMPACT: China, the former “locomotive” of the world economies, is now in a depression with an estimated 46.5% unemployment in the prime age group. China is facing a banking crisis, Perhaps thousands of banks will fail or be “rescued” by government. It has happened before. Failed banks are dumped into a pot called “bad bank,” and investors are “persuaded” to put some money into this “bad bank.”
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CHINA’S IMPACT: China, the former “locomotive” of the world economies, is now in a depression with an estimated 46.5% unemployment in the prime age group. China is facing a banking crisis, Perhaps thousands of banks will fail or be “rescued” by government. It has happened before. Failed banks are dumped into a pot called “bad bank,” and investors are “persuaded” to put some money into this “bad bank.”
Why China Could Take Down The Most Overvalued Market In History | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
