3 ms·
> So what? A very large number of Chinese citizens will lose their savings to these ponzi-esque construction schemes. Vast waves of defaults may take the banks
by stickfigure 3y ago
> So what?
A very large number of Chinese citizens will lose their savings to these ponzi-esque construction schemes. Vast waves of defaults may take the banks with them. In Albania something similar caused mass civil unrest.
- ceejayoz 3y agoIn case anyone wants a cite on the Albania bit: https://en.wikipedia.org/wiki/1997_Albanian_civil_unrest https://en.wikipedia.org/wiki/1997_Albanian_civil_unrest Ponzi/pyramid schemes captured two thirds of Albania's population.