Watching The Collapse Of China

China is in a heap of trouble. Their GDP went from 7.9% down to 3.9% in one quarter. Granted this is still a tremendous growth rate yet when you are a country of 1.4 billion AND the world's leading exporter, a high growth rate is a necessity.

In this video I discuss how the Evergrande situation is not being contained. The governmetn already decided it is going to hang the international (USD based debt) out to dry. All resources are to be focused at home. This is a death blow since the international capital markets are going to basically shut down to the Chinese.

One other thing we need to keep in mind is who has all this debt. What Western institutions are at risk? Since this is just the tip, who is going to get obliterated as more debt follows Evergrande and Anatasia?