Comments by "Louis Giokas" (@louisgiokas2206) on "Debt Hits 500%, Another Major China’s City on the Verge of Bankruptcy! Same for 80% of Cities" video.

  1. The off-balance sheet debts should have been a warning sign. I recall the first articles in the WSJ regarding Enron and its then potential debt problems. The problem that the WSJ reporters uncovered was that much of the debt was moved to off balance sheet entities. This sounds exactly the same, and it is the government doing it. China is toast! Bring back the Cultural Revolution! Long live the Cultural Revolution!
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