The US and the World: Wolf Richter on the Keiser Report
“These things can go on for a long time — until they can’t…”
Here I am with Max Keiser on the Keiser Report, tackling the global schemes of our crazy times: the shifting economic relationships between the US, its allies, and China whose authorities are trying furiously to keep the precarious bad-debt-burdened financial system from imploding. Enjoy the video…
The upside of the control Chinese authorities have over their banking system is fake stability. The downside is too ugly to contemplate. Read… So When Will China’s Debt Bubble Finally Blow Up?