Is China Going Broke and Taking the World With It?
China’s economy is facing unprecedented challenges with the lowest reported GDP in 27 years. And it’s having global repercussions. Is this the result of US President Donald Trump’s US-China Trade War? And is this the start of a global recession? Economist and China expert Christopher Balding joins us.
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The USA and Europe got there first.
The united states has been broke and in the hole since reagan ran up insane debt and cheney exponentially multiplied that debt.
We didn’t suck the rest of the world down the toilet with us.
Considering cheney gave us a “tax break” by mortgaging us to China, China still has the option of calling the insane loans on us before they collapse, meaning if they collapse it will be long after taking what little is left of the united states.