srsly? Who wrote that article?
"t really comes down to China’s financial model. In the United States (and to a lesser degree, in most of the advanced world) money is an economic good. Something that has value in and of itself, and so it should be applied with a degree of forethought for how efficiently it can be mobilized. This is why banks require collateral and/or business plans before they’ll fund loans."
Biggest load of BS I've heard in a long time. Look up 'fractional reserve banking' and then look up how the U.S. recently reserved all 'reserve' requirements from the banksters. They are now free to invent as much 'money' out of thin air as they like, and they are doing so, and slugging the mugs interest for it. Look at the TRILLIONS currently being cranked out of thin air by the U.S. for the benefit of Wall St and the banksters while the all the suckers get is a one-off $1200 payment to make up for losing their jobs, homes and freedoms.
Never mind, found him.
https://www.nextbigfuture.com/2018/11/peter-zeihan-makes-bad-predictions-with-bad-premises.htmlhttps://www.nextbigfuture.com/2018/11/peter-zeihan-makes-bad-predictions-with-bad-premises.html
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China is to blame, page-8
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