Today’s Situation Update podcast (see below) is a whirlwind tour of the geopolitical issues now coalescing into what may become a nuclear war originating with communist China.
That war, which appears to be growing closer each day with China’s calculated provocations, would ensnare not just the USA and Taiwan but also Australia, India and Japan.
Alarmingly, both China and the United States have a strong incentive to initiate global warfare in order to distract from their own failed economic and political policies. China’s property developer debt bomb is imploding, with now two additional property developers (beyond Evergrande) failing to make bond payments. As CNBC reports, Fantasia Holdings has missed a $206 million bond payment and its shares have halted trading. This is the third property developer to start imploding in China, and there’s almost certainly much more yet to come.