China’s debt to GDP ration is 297%. Some of the increase in debt is because of the belt and road initiative. They lent money to a lot of countries to build infrastructure. That infrastructure hasn’t really paid off. China also has a lot of infrastructure that’s not being used in some of the poorest cantons. High speed rails, multiple airports that have been empty they finally just shut it down. On the flip side, China is also the single largest owner of U.S. Government debt and it is making everyone nervous.
As of April 2025, the U.S. economy presents a complex picture regarding the likelihood of a near-term recession. Economic indicators are mixed, with some...
Mark Hall and Dr. Walter Kemmsies discuss the difference between World Trade and Globalization. northpointdev.com kemmsiesgroup.com
In this episode Mark Hall and Walter Kemmsies discuss Security vs Prosperity, market based system vs command system. A small group of people making...