Comments by "Kristopher Driver" (@paxdriver) on "What impact is the Evergrande crisis going to have on China's economy in 2022? | DW News" video.

The people will suffer, not the ones responsible. This is horrible news if you have any compassion for innocent human beings with insolvant mortgages or retirement funds they built up after a lifetime of slave labour. Nothing could be worse than hundreds of millions of people suffering over greed and corruption of a few hundred individuals especially since we, the west, wind up being the sole benefactors escaping with decades of cheap products and deferred pollution.
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@cndres9119 and by consequence it effects every country borrowing from, lending to, supplying from, and supplying to, China will be gravely affected too. So like, it's isolated to China if we ignore energy, food, textiles, electronics, infrastructure, pollution and human rights. Other than that the world is insulated from China's real estate market lol
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@petercua6158 it is still collapsing since Lehman. Quantitative easing, 0% interest rates, ballooning stock market, fed buying corporate bonds, ETFs, allowing SPACs and now considering crypto. Look at market caps of the top 20 companies listed in USA, it looks like Zimbabwe lol It's like saying the titanic didn't sink until it was under water entirely saying Lehman didn't destroy the financial system. For the record, Lehman wasn't the cause it was the straw that broke the back.
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