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Power Shift
China Observer
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Comments by "Power Shift" (@powershift2024) on "Moody’s Reveals China’s Fake Economy: $11 Trillion in Local Debts, Fatal Crisis Due Next Year" video.
More of a complete meltdown, there's no bottom to how far this can fall. . 👀👀
21
Means local Chinese debt should be at a C or CC rating, meaning it's kaput.
8
It means they're following the USSR's financial game plan, meaning kaput.
4
They should probably give some to the 26 of 30 insolvent or bankrupt provinces then, maybe they could pay back some ripped off bank depositors or some back pay to people who haven't been paid in 600 days. It'd be a good start.
3
CCP saying "Quick! Let's switch to BRICS, this currency is worthless!!!"
3
They all do it, JP Morgan got caught last year selling $73 billion in worthless Puerto Rican bonds trying to get them off their books, they just didn't know how deep the hole goes in the Chinese economy though, bit of a 'whoopsie!`
1