China’s Huge Ponzi Scheme
China’s third-quarter economic performance was through the roof, including a stunning 4.9 percent growth–if you believe the numbers. The more sensible explanation is that the China Communist Party (CCP) is fabricating its success to lure foreign investors in what appears to be the greatest Ponzi scheme of all time.
The CCP not only professes stability in its economy, but also promises to step in if matters go awry. Stock market crash? U.S.-China tensions? Trade war? Not to worry, the government will sort it out. The scheme is luring unwitting investors into a false sense of security as they prop up the China economy and the CCP, and encourage others to do the same. In the end, these investors lose out big time. Host Chris Chappell brings us the details in this episode of China Uncensored.
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