Comments by "Winston Smith" (@kryts27) on "China's Impending Financial Crisis: Overnight Interbank Lending Rate Skyrockets to 50% Annually" video.

  1. Why you don't see a bank bailout, like your saw in the 2008 GFC in the US prime mortgage exposure in US banks and Lehman Brothers collapse, is that this probably has already happened in China, but it has been suppressed and buried by the Central government. The huge difference between the US investment economy and that of China's is that not much finicial crises news is or can be suppressed by the US government (possibly constitutionally), wheras it is likely to be suppressed or lied about most of the time by the CCP government and China banks. This should be enough to scare Western investors away from China, but there is enough eternal hopefuls in the US (some are the fools paying to be in a restaurant with Xi Jinping when he visits California), that the zombie economy of the CCP can stay alive for longer, unfortunately.
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