That's sensational stuff, and for mine formulated to be just that - sensational.
I hold the strong belief that hard times lie ahead. But to blame them on China, as the author does, is patently puerile!
For mine, the mass production of paper 'money' by lots and lots of leading nations is the cause (and Australia, bless it, leads the world in this!).
China itself is heading into big problems. The USA, while the biggest customer, is not China's only buyer - in fact to my understanding the USA accounts for only 40% or less of China's output.
I also understand that China is beset by population growth, migration to cities, corruption and bank scandals. It is not 'the promised land'.
Your author writes .... "Which is why what I'm about to describe will turn out to be the most dramatic and serious financial threat America has faced since 1929! ... "
What egotistic nonsense. It's not America - it's the world that faces the threat! And, for mine, that threat has occurred through the actions and deliberations of the Federal Reserve - which isn't Federal, isn't a Reserve, and probably isn't even American!
I believe that things are going to get really bad - tho' I hope I'm completely wrong.
But for some American to claim it's all China's fault (and a deliberate action at that) is completely stupid IMO.
Which leads me to my question to you - why would you copy/paste that article without qualification? Having followed your postings over the years I'm somewhat surprised.
