My CFP is one of the sharpest money folks I know personally and he knows some high in the know people.
Told me today at lunch all the money wizards are scared sh*tless over china. It is way worse than we know. He is not a scaremonger.
If china goes down every world economy will collapse. At least in 1929 we still had our own manufacturing.
They are taking china very serious right now.
If they crash the system they can starve a lot of the overflow crowd. Just like Mao did back in the day.