Irrational exuberance about debt fueled consumption, recycled through China, was the catalyst for the 2007-11 financial blow off. Avoiding or minimizing losses and being set up to capitalize on the mean reversion that follows, is a rare and valuable investment opportunity.
Marc Faber, publisher of the Gloom, Boom & Doom report explains why he is so worried about China. Here is a direct video link.
Here is a link to part 2.