Comments by "Kristopher Driver" (@paxdriver) on "Protests In China: The Story Behind the Bank Scandals" video.

  1. How does a China monetary system even collapse? It controls the central bank and has the authority to take over bankrupt businesses and force everyone to resume business as usual as it dispenses nationalize profits at their leadership's discretion.. They're the Chinese Communist Party lol they're communist, they can act like communist in the event of a collapse. It'll be the rest of the world holding the bag without factories or their own debts to everyone else being repaid. They can do whatever they want so even in a worst case scenario a crash for China in the most severe is no worse than a rigged capitalist system which encourages workplaces install suicide nets around the windows and rooftops.. An economic downturn that turns catastrophic is immediately solved in China, the ensuing demise of everyone owed money/goods from China, on the other hand, our recessions resulting from China's default would be felt for up to a decade, and may lead to wars, austerity and/or famines...
    1