Comments by "David Himmelsbach" (@davidhimmelsbach557) on "The Debt-Fueled Collapse of Korea’s Daewoo Group" video.

  1. What got things rolling was the Korean governments interest rate subsidy. This was so vast that Kim just could NOT stop leveraging up. He really was a one-trick pony. This same dynamic was seen in 19th Century America -- with railroad barons. (Plenty of implosions back then, too.) It's now in full bloom in Red China -- across that nation's entire economy.
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