Hong Kong on Verge of 'Full-Fledged Banking Crisis,' Hayman's Bass Says

The video discusses the economic turmoil in Hong Kong, highlighting the collapse in retail sales and the potential for a banking crisis similar to those seen in Ireland and Iceland. It draws parallels with the US financial crisis and suggests that a full-fledged banking crisis in Hong Kong is imminent. The speaker advises caution for investors in Hong Kong banks and criticizes HSBC and Standard Chartered for their actions in support of the Chinese government.

What predictions are made about the future of the Hong Kong economy in 2020?

What actions might the Chinese government take in response to the economic situation in Hong Kong?