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China's $10 Trillion Debt Scandal - Joe Blogs
China is now paying DOUBLE the interest rate to attract investors to its local government bonds. This is the clearest sign yet of a deepening crisis inside China’s financial system — driven by trillions in hidden local government financing vehicle (LGFV) debt and collapsing land-sale revenues.
In this video, I break down:
– Why local governments are offering shockingly high yields
– How LGFVs became a $10 trillion debt time-bomb
– The role of China’s property slump in crippling local finances
– Why hidden debt estimates are rising fast
– What this means for the global economy and investors
China’s debt crisis is no longer theoretical — the warning signs are flashing red.
If you’re watching global markets, you need to understand this.
Chapters:
0:00 Intro
2:38 BONDS
6:12 SECONDARY
8:14 SUMMARY & CONCLUSION