Episode 176: 40 banks "disappeared" in China!!!

This episode examines the “disappearance” of 40 banks this week in China. The Chinese economy has been reeling in recent years due to a massive real estate bubble. This week the existing debt problems seem to be coming to a head. 40 banks failed and another 3,800 have been identified as being in serious trouble. If the Chinese economy collapses in the next year, this can have major ramifications for the global economy and geo-politics.

Link: China's banking turmoil: 40 banks vanish, Jiangxi leads collapse (msn.com)