478 The financial collapse of China's Evergrande has been getting lots of international attention, but it is so much bigger and worse. The numbers in this video related to China's real estate bubble are beyond staggering. (www.youtube.com) posted 3 years ago by catsfive 3 years ago by catsfive +479 / -1 135 comments share 135 comments share save hide report block hide replies
Evergrande was at the center of this ponzi scheme, they cant pay their bonds that are due, the investors see they are broke and have quit investing. No money to feed the scheme and it goes belly up.