China’s Technocracy: ‘Ghost Collateral” And ‘Yin-Yang’ Property Deals

China has no understanding of Capitalism or Free Enterprise because it is a Technocracy that scientifically engineers their society. ‘Ghost Cities’ and ‘Ghost Collateral go hand in hand, where the entire system is riding on thin air. The next global economic collapse will take China to the mat.  ⁃ TN EditorOne lesson from the 2007-08 crisis was that the vast majority of financial market participants, never mind the general public, were unfamiliar with subprime mortga