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Global Debt Crisis and the Evergrande Collapse
Dr. Kirk Elliott explains that the debt crisis is global, affecting Japan and China as well as the U.S. He identifies the collapse of Evergrande in China as a major trigger, noting that U.S. banks hold billions in Evergrande debt. He predicts that the collapse of commercial real estate will lead to a chain reaction of bank runs as people lose confidence in the safety of their assets.








