meanwhile...chances of chinese credit crunch?, page-48

Dopey,

Chinese has borrowed $15 Trillion over 5 years, $12 Trillion being private debt.

They only had $10 Trillion in their banking system before that. so expanded it from $10 Trillion to $25 Trillion. The Size of America in 5 years!

All this was spent on construction no ones buying and borrowed by companies which are failing all over the place.

The potential total of the debt to be defaulted on is too big for China to bail out even if they wanted to.

This is going to be a huge event.