KW: U.S. financial commentators are unanimous in their opinion that the Chinese economy is at the point of collapse becasue of leverage right through the economy and this is unsustainable. It’s very possibly true, a major issue for the Chinese for sure but I take these commentators, all highly respected I might add, with a couple of grains of salt now becasue they are so U.S. centric and opinionated, something that goes right back to defining what is an American. It starts early on with saluting the flag at school every morning. Its like they really want the chinese and Russian economies to get swamped becasue actually they have so many problems themselves.
Anyway, the Chinese aren’t silly
Egon von Greyerz met with a large group of individuals from China that manage money for the elite in China. They went to Switzerland to meet with Egon and this is a small portion of what they discussed….