‘DEBT CRISIS IS COMING’: China now having the beginnings of 2008 downturn, says expert

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Published 2024-08-05
Gatestone Institute senior fellow Gordon Chang weighs in on Chinese migrants trying to find a way to the U.S. border, the impact of a potential war on Iran-China oil trade and Trump vowing to impose more tariffs on the country.


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All Comments (21)
  • @Dave_East
    The disastrous decision to repeal the Glass-Steagall Act in the late 1990s led to the spectacular failure of huge banks during the financial crisis of 2007–2008. To prevent a future catastrophe, Dodd-Frank and this Act both need to be revived right away. What happened with SVB is just the start of what will happen if nothing is done to address the current problem.
  • You can "thank" Biden, Harris, Obama and Hillary for This...TRUMP 2024! USA! MAGA!
  • Biden and Harris needs to be brought up on treason for not securing the board and bring all these ppl here im very upset over this craziness .we need trump
  • Yeah it's China who's having a debt crisis. Not the country owing 35 trillion😂
  • @vuaeco
    The economy is falling apart. Sh!t is about to hit the fan real hard.
  • Don't worry, President Kamala is on her way to save the day...by blaming Trump.🤪
  • @billkelly9890
    I don't know why we are letting people in if jobs are drying up. They will all be the taxpayers responsibility to take care of
  • Those migrants who come to the U.S. are putting the U.S in a less safe and worse off position. There is a reason they couldn't enter legally; obviously they have committed some criminal offense in their country and are now running from it. The U.S. being wide open, free to enter, and easy to access just makes sense they would come
  • @beaulong
    All economies are too connected. The world is experiencing a downturn.
  • @Patty-dk3ud
    CLOSE THE BORDER NOW. WE NEED TRUMP NOWWWWW OR WE MAY NOT HAVE A COUNTRY
  • @Whetstonep4
    GDP's already negative, the housing market's already crashing (see all-time high number of price reductions without any sales still), all-time consumer credit card debt, unemployment is skyrocketing and will surpass 2009's 10% peak. Homes and stocks will crash 60%. It's literally 3rd grade math. It was always inevitable. Already seeing it in every single asset class other than the Crypto market ....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
  • Gordon Chang always said China doomed and collapsed twenty years ago. What he said is rubbish.