They Called The Trade Wars & China's Housing Crash | Nikhil Kamath | WTF is Finance Ep 4

I sat down with two economists in China — Matthew Klein, who co-wrote the book on why trade wars are really class wars, and Ning Zhu, the professor who predicted China's housing collapse years before it happened — and asked them everything I've never had answers to: what actually happens if trade surpluses and deficits continue for decades, why China consumes so much less of what it produces than India does, why the world keeps parking trillions in American debt, and whether de-dollarization is a real shift or just a story we like telling ourselves. Ning made the case that prolonged imbalances have historically been settled by war, Matthew argued that Korea's most traumatic financial moment — not its miracle — is what turned it into a surplus nation, and both agreed on the one thing every real estate developer in India refuses to believe: land prices do fall, and the moment everyone's convinced they can't is exactly when they do. 00:00 Introduction 06:29 Why trade surpluses and defici