China’s $23 Trillion Local Debt Mess Is About to Get Worse
(finance.yahoo.com)
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China has many Trillions of dollars of corporate and government bonds that are not worth the paper they are printed on. They force the bondholders to roll over the bonds when they become due. That is because they don't have the money to pay the bond holder. They have been papering over their financial crisis for a long time now. Exports are the only thing keeping them afloat.
If we are borrowing money from china....??? Who are they borrowing from?
Us, probably.
The banksters currency is in trouble everywhere
This is a set up for a "Wag the Dog" move to wave the flag and divert attention from domestic unpleasantness...Watch carefully
Has someone told them they can just print more money?
To me it reads like the Cabal in China is panicking as they are attacked from yet another angle.
Sometimes things pop out at the right time, I just saw a republican conservative commercial and they were saying Biden has caved in on the debt ceiling and China will not get billions from the Biden administration 🤔 didn't know that was at stake!!! Also all of the sudden Elon goes to China to make a deal? ,About electric cars? BTW Elon don't seem to mind Muslims in concentration camps and child labor in China. 🤔