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February 1, 2017

Asian financial crisis again?

The world is preoccupied with Trump's initiatives. But so far he would not destroy the world, being committed to NATO and Japan-US alliance.

But behind all the noises about President Trump a new Asian financial crisis is in the offing. The total debt in China is more than twice as large as its GDP, and in Japan more than three times.

And the coming interest rate hikes in the US will trigger a collapse of highly indebted Asian economies. A new financial crisis in Asia will alter the political and economic map in the world.

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