"China's private debt has doubled in just six years, and the consequences are looming."Join us as we delve into the precarious state of China's economy with expert insights on the alarming rise of private debt and the potential fallout. Discover how the Chinese government’s aggressive lending practices have fueled a massive property bubble and led to overcapacity in industrial production. We explore the implications of these trends, the unique dynamics of China's financial system, and what the future may hold as the country grapples with unsustainable growth. Don't miss this critical analysis of one of the world's largest economies and the challenges it faces ahead.---Like others, if you also enjoyed this video - you'll probably like these freebies too:1) Join ~10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle (2 books valued at $60).Free this week here:new.stevekeenfree.com2) Are you an Engineer, Finance, or IT Professional? (Active or Retired)If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.Learn more here:apply.stevekeenfree.com--Who is Dr. Steve Keen?Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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