....When China’s Ponzi scheme comes crashing down – as it inevitably will – contagion to the rest of the global financial system will be limited by the fact that the banks are largely state owned and capital controls are still in place. Beijing will do what the west did in 2008 and bail out
banks in danger of collapse. ...
[Read full article on Guardian
Sunday 13th of August 2017 11:00:12 AM