Bill’s Commentary:
”This is only slightly worse than the world as a whole…”
The Dragon’s House of Cards: China’s Debt Could Total 400% of GDP
Last month marked the collapse of China’s Evergrande, once the world’s most indebted developer with $300 billion in liabilities. The real estate sector remains a debt bubble, fueled by roughly $695 billion in new government-approved loans.
While the property crisis has been widely reported, the broader scale of China’s debt problem is less understood. Official figures show that public and private debt combined already exceed 309% of GDP, yet even this number understates the true scope.
When other sources of leverage are factored in, such as margin trading, shadow banking through wealth management products, and off-balance-sheet local government borrowing, China’s total debt burden climbs to at least 400 percent of GDP.
Bill’s Commentary:
”So the moral to this story is to not come to the negotiating table at all because you will be killed…? This was also done to Iran, you think the rest of the world does not have eyes to see?:”
Hamas Accuses Trump Of A Set-Up In Doha, After 5 Leaders Killed In Israeli Strike
Update(1355ET): Hamas has claimed in an official statement that Israel failed in its attempt to assassinate the group’s negotiations team; however, it acknowledged that five of its members were killed in the Tuesday Israeli aerial attack on Doha, including the son of the group’s chief negotiator Khalil Al-Hayya.
There’s been some back-and-forth on whether the US greenlighted the operation ahead of time, but reports say the White House was informed once the operation had already been ordered by Netanyahu. Trump officials then quickly informed Qatar.
Bill’s Commentary:
“What about science?”
Christian foster families fight back against Massachusetts transgender mandate
Christian foster parents in Massachusetts are challenging a state policy that requires them to affirm and encourage the medical transition of children in their care who identify as transgender or risk losing their foster care licenses.
The lawsuit, filed Sept. 3, names two families — the Jones and the Schrocks — who foster young children and infants.
Both families say they have either lost or are at risk of losing their licenses because of the policy, which requires foster parents to sign agreements to “promote,” “support” and “affirm” a child’s gender identity or expression.
Bill’s Commentary:
”This is correct, 72 hours.”
Nine Meals From Anarchy
In 1906, Alfred Henry Lewis stated, “There are only nine meals between mankind and anarchy.”
Since then, his observation has been echoed by people as disparate as Robert Heinlein and Leon Trotsky.
The key here is that, unlike all other commodities, food is the one essential that cannot be postponed. If there were a shortage of, say, shoes, we could make do for months or even years. A shortage of gasoline would be worse, but we could survive it, through mass transport or even walking, if necessary.
BillHolter.com 
Thank you pamelamoves@gmail.com
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