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If you were not aware. The world's second-largest economy, the country in which almost everything we consume is manufactured in is in deep trouble, and the resulting fallout could endanger the entire world. Over the last few months, the situation in China has deteriorated to a point of panic. The nation's real estate market is in serious danger, and with each bank failure, the country and economy become more and more unstable. A housing crisis that rivals the 2008 US markets has unfolded, but because it's occurring in a country thousands of miles away, under the blanket of communism and controlled media, the noise has been brushed under a rug. Many experts are now claiming that the entire house of cards is about to collapse, and with it the worldwide economy will be taking a massive hit. In today's video, we dig into this situation starting with a bit of history.