China's Debt Problems

In this Indian news report, they analyze China's problems with local government debt. This issue is compounded by the national governments debt problems to the point that they have little leverage to help the local governments. This is a powder keg waiting to blow. In the West, we have the US dollar being edged out as the world reserve currency. This will have a catastrophic impact on the US's ability to service its debt. China is having an increasing issue with its debt. When you have countries that become desperate to maintain their power what happens...war!!! With the worlds 2 super powers looking to maintain or in China's situation ascend to dominance, there is only one outcome. There will need to be a global reset and the only way to make that happen is by armed conflict to determine who is the benefactor of the new system. This is how the US has been so powerful since the end of WWII. They came out on top. They were able to dictate the terms of the rebuilding and use dollars to finance it all...with interest of course. Then set themselves up as the world reserve currency so whenever there is an international business deal, it is done in dollars and the US gets a cut. This is what is at stake for this next conflict. I believe an inevitable conflict.