US, down and (almost) gone; China, against all odds and against

US at once a time was supplying most of the industrial products to the whole world, right after WW2,

now it is reduced to exporting cotton and beans

China is the new US in 50s,

except for that people now don't believe there is such a thing as risk,

if banks are willing to keep lending no matter what, then there would never be a bad debt, on paper at least,

question is to which point would the chain break...