Western economies are already in recession and we’re on our way to a major market crash, but China’s economy is imploding. They have massive scale real estate ponzi schemes that dwarf the US derivatives mania. Recently they’ve been freezing withdrawals on bank accounts, using COVID-19 lock down powers to keep people from traveling to bank protests, and preventing people from leaving or getting their wealth out of the country.
Western economies are already in recession and we’re on our way to a major market crash, but China’s economy is imploding. They have massive scale real estate ponzi schemes that dwarf the US derivatives mania. Recently they’ve been freezing withdrawals on bank accounts, using COVID-19 lock down powers to keep people from traveling to bank protests, and preventing people from leaving or getting their wealth out of the country.
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