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9
There is something going on in China, and it's so huge that even the CCP with all the might of the totalitarian system at its disposal cannot cover it up: The mathematical formula used to create *17 quadrillion* in derivatives was the brainchild of a Chinese mathematician and economist, David Li. (gizadeathstar.com)
posted 3 years ago by axolotl_peyotl 3 years ago by axolotl_peyotl +12 / -3
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– aaarrrrjunas1 1 point 3 years ago +1 / -0

china is gonna collapse.

  1. developers no longer able to run ponzi scheme (three red lines policy)
  2. banks on the hook for developer debt
  3. banks on the hook for citizens refusing to pay mortgages
  4. a large portion of GDP is from land sales
  5. CCP aggressively tasking banks to lend more to spur the economy

each point is eating away at least one other point, which eats away at least one other point, etc... into a self-defeating feedback loop.

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