Bankrolling China

It is often said the history repeats itself especially for those who don't read history. During the build up of Germany between wars, US bankers were instrumental in financing the German war machine. Even during the war some US companies continued to sell to both Germany and Japan. In today's world the big New York banks are financing growth in China to reap the profits. JP Morgan one of the benefactors says that the Chinese economy will overtake the US in 2028. It is a case of a democratic country helping one of it future enemies to gain economic power. The danger for these banks is that much of what China reports as profits can be lies and investments can go south based on the lies. One recent example is Luckin Coffee. The company fabricated sales to entice US investors and when the truth came out the company went bankrupt. The SEC looks the other way and the Fed is quiet.