China's debt bomb

Nice editorial. Apparently China's in the same boat. Or, as the writer puts it:

"The country is making the same lend-and-pretend-that-the-loans-are-good gamble that the world's largest economies have all made. And as you can see from what has happened in the US and all over Europe, it's a losing bet."

https://finance.fortune.cnn.com/2011/06/28/chinas-debt-bomb/?iid=Popular

When CNN loses confidence in the dollar, it's time to start battening down the hatches.

Or, as the Penguins of Madagascar cartoon advises, "You can never be too paranoid."