Food For Thought: 'Extend and Pretend' – Who thinks communism is good is an idiot.

China's economy is in deep trouble. "China's banks are built on lies."

"China’s banks are hiding trillions in bad debt, propping up zombie companies, and issuing fake loans just to satisfy CCP mandates. The result is a financial system built on deception—and a growing economic crisis that even Beijing may not fully understand."

"The CCP mandates that banks have to lend money to stimulate the economy. But the Chinese people know that the economy is broken and the banks aren't trustworthy. So, the banks are having trouble making real loans. So, instead, they're making fake loans. And they're actually losing money on these fake loans because the banks are paying the interest themselves. All of this so they don't get in trouble with the CCP."

More in the China Uncensored video.

Location: China

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