The Biggest Story in the World About Lack of Confidence

CNN's John Defterios says he has not paid attention to this issue for years. But a story about the depositors in a er, was the hanon bank? caused his alarm bells to ring. The whole chinese system, an the japanese system in the 19 eighties,. was all based on the credibility of state to step behind and make sure that no one ever defaults. And they have shown in the past that they can't do it.Defterios: Now is time to dust this off the shelf, because this could be the moment.