Does anyone remember the link that was in?
My specific question is that someone commented how the international bankers goal is to shift wealth from US to China which would make them trillions. How would this make them trillions?
Does anyone remember the link that was in?
My specific question is that someone commented how the international bankers goal is to shift wealth from US to China which would make them trillions. How would this make them trillions?
Honestly, I don't know enough about China's situation trust myself to speculate but my quick take is that almost all their debt is to their own citizens. That means China has a lot of tricks up its sleeve to solve the debt problem. Essentially, they'll just spread out any negative impacts from the debt among all their citizens. The net impact would be reducing the quality of life of the Chinese people but if they spread it out well enough it might have relatively little total impact.
The debt is likely not good for the Chinese people. I have a hard time believing a lot of the new debt China has taken on has actually had net positive value add to society as a whole (though it might, I haven't looked into it). But will it be the cause of an imminent economic catastrophe? I doubt it.