Fat Arby

Chinese Banks: Non-Performing Loans Rising

tHE intelligent man knows all this to be true. The man is learned and not a stranger to economic developments and credit extensions. He knows how the crash of '29 and depression came about. Gold influxes, gold outflows.
A crash and subsequent depression could and probably will occur in China. The infrastructure , though more developed than in the 80's (after the cultural revolution), is still lacking and only the rich can afford new housing. The poor will just build huts again when they move out of government housing and likely be happier.
As the US becomes unable, or less able, to import goods and the other ecnomies in Asia falter, the Chinese economy will really suffer. China thrives on trade and its own cheap labor. If any of these two are compromised, it begins a spiral because bad loans increase and so banks start to fail and subsequently there's no dollars to reinvest back into the US stock and bond markets.
When it comes, the de-globalization might trigger global recessions equal to or greater than the worst of 87 or even the credit crisis of the late 60's.
I also recommend The Dollar Crisis by Richard Duncan 4U, the author. thanks for the link 2 :;