A ponzi and a bubble are two different things. The Chinese housing market is a pure 100 percent ponzi and should be referred to as that not as a bubble.
People talk about Chinese economy collapsing and the Russian economy collapsing but never in the same report. What would happen to the world economy should they collapse at the same time? World-wide depression?
7:45 That's why China is pushing so hard for an expansion of the BRICS-states and for setting up an alternative to the petro dollar, which would probably be a currency they control..
Truth don't matter, ask Gordon Chang the charlatan who has been predicting China's collapse since 2000. The answer is Uncle Sam is forking out 500 millions USD for all and any kind of anti China stories. So all the liars, con man, snake oil salesman are coming out of the woodwork for a piece of the pie. To be fair, a half billion dollar budget is a pretty good offer to throw away many things. No government in the world put aside millions of dollars to slander its competitors except US. Its await its Karma sooner than realise.
Google American ghost towns - we have over 3800 of them & our towns boarded up & cities w buildings that r under 50% occupied Google NYC & check out how many luxury high rises r empty
I would wager most of those towns used to be booming for other industries in the past, like coal mining towns. They became deserted later on when those industries moved. China built cities that have never been occupied.
Truth don't matter, ask Gordon Chang the charlatan who has been predicting China's collapse since 2000. The answer is Uncle Sam is forking out 500 millions USD for all and any kind of anti China stories, so all the liars, con man, snake oil salesman are coming out of the woodwork for a piece of the pie. To be fair, a half billion dollar budget is a pretty good offer to throw away many things. No government in the world put aside millions of dollars to slander its competitors except US. Its await its Karma sooner than realise.
His analysis is correct. When it comes to China, you can't rely on the analyst having high credentials. China invested heavily in think tanks in both the West and Asia. China also invested heavily in an army of propagandists. And of course experts who are citizens of China must tow the party line. There are also many western investors and assorted Wall Street types motivated to talk up China's economy because well before its downturn they hitched their wagon to it. That is, their careers or their fortunes rise and fall with China's economy. As a result, the picture of China's economy that you get from think tanks, high-credential China experts, and PhD economists is very often less accurate than the picture you get from someone (like Proactive Thinker) who understands the basics, thinks clearly, and whose chances in life don't rise and fall with China's economy. But there are some high-credential people that you absolutely CAN trust. Chief among them are Michael Pettis, George Magnus and Leland Miller.
I remember some ghost cities that western media freaked out about in 2010s They went quiet when those ghost cities were filled up within 5 years West has never heard of planned architecture
Missing the forest by focusing on a tree! The problems are a lot greater in USA and Japan. Japan has the greatest debt to GDP ratio in the world while USA has the greatest government debt. Japan is able to delay it's collapse because most of it debt is owed to domestic savers in banks while USA is foreign debt in form of treasury bonds and is able to delay it's collapse as long as there are foreign subscribers to it's bonds. With possible shrinking of its domestic product in Japan as a result from EV challenge to it's car industry, people will start to draw their savings. This will bring about the start of collapse in Japan. As the number of foreign bond subscribers reduce due to weaponization of US Dollar on Russia which greatly reduced trust of US dollars, collapse of USA will be eminent. As for China, it's high domestic savings and profitable manufacturing might will help to see it through the current situation.
China is bankrupt. Chinese savings is tied to the overpriced and over leveraged real state market. Just wait bro, just wait. (I hated our central bank when they increased the 20 percent cap to 40 percent of bank's exposure to real estate last year. I fear Philippines' banks exposure to China real estate bankrupt Industry.
China is a lawless authoritarian police state that depends on foreign investment in order to survive. That foreign investment is now gone. It's manufacturing sector is contracting as foreign companies leave China. China's real estate sector is collapsing. Local governments have sustained themselves with huge quantities of debt which they've hidden from the central government. And local officials lie so often about local economic performance that on 8 February 2017 Vice Premier Zhang Gaoli ordered local officials to stop submitting false economic data to the central government -- because the central government couldn't make plans with such corrupt data.
A ponzi and a bubble are two different things. The Chinese housing market is a pure 100 percent ponzi and should be referred to as that not as a bubble.
When there's no spending money, deflation is natural.
A good time for bargain hunters.
People talk about Chinese economy collapsing and the Russian economy collapsing but never in the same report. What would happen to the world economy should they collapse at the same time? World-wide depression?
7:45 That's why China is pushing so hard for an expansion of the BRICS-states and for setting up an alternative to the petro dollar, which would probably be a currency they control..
They're also pushing all of their websites and services at dirtcheap prices. Pushing for any hope of influence left.
Truth don't matter, ask Gordon Chang the charlatan who has been predicting China's collapse since 2000.
The answer is Uncle Sam is forking out 500 millions USD for all and any kind of anti China stories.
So all the liars, con man, snake oil salesman are coming out of the woodwork for a piece of the pie.
To be fair, a half billion dollar budget is a pretty good offer to throw away many things.
No government in the world put aside millions of dollars to slander its competitors except US.
Its await its Karma sooner than realise.
Great comment with clarity. Thanks
Google American ghost towns - we have over 3800 of them & our towns boarded up & cities w buildings that r under 50% occupied
Google NYC & check out how many luxury high rises r empty
Lol empty your narrative about American is bias
@wordmonster448 what?
I would wager most of those towns used to be booming for other industries in the past, like coal mining towns. They became deserted later on when those industries moved. China built cities that have never been occupied.
Truth don't matter, ask Gordon Chang the charlatan who has been predicting China's collapse since 2000.
The answer is Uncle Sam is forking out 500 millions USD for all and any kind of anti China stories, so all the liars, con man, snake oil salesman are coming out of the woodwork for a piece of the pie.
To be fair, a half billion dollar budget is a pretty good offer to throw away many things.
No government in the world put aside millions of dollars to slander its competitors except US. Its await its Karma sooner than realise.
His analysis is correct. When it comes to China, you can't rely on the analyst having high credentials. China invested heavily in think tanks in both the West and Asia. China also invested heavily in an army of propagandists. And of course experts who are citizens of China must tow the party line. There are also many western investors and assorted Wall Street types motivated to talk up China's economy because well before its downturn they hitched their wagon to it. That is, their careers or their fortunes rise and fall with China's economy. As a result, the picture of China's economy that you get from think tanks, high-credential China experts, and PhD economists is very often less accurate than the picture you get from someone (like Proactive Thinker) who understands the basics, thinks clearly, and whose chances in life don't rise and fall with China's economy. But there are some high-credential people that you absolutely CAN trust. Chief among them are Michael Pettis, George Magnus and Leland Miller.
Those houses and building are owned by private corporations not govt.
False. All property in China is owned by the government. In China you can pay for the estate but you will never truly own it
Easier to control deflation….. just give every citizen 100000 yuans
I remember some ghost cities that western media freaked out about in 2010s
They went quiet when those ghost cities were filled up within 5 years
West has never heard of planned architecture
We are so sad for usa citizens to has their money in banks and the banks go burst or bankruptcy and that moneys how???????????
The financial world is upside down.
And I believe there is some aif to us.
Great video
Aif alternative investment funds?
"Dissapeared"?
Thanks
He sounds like Chinese,look like arab
aLL there fly by night tiny homes suck too
You'll find the money in other counties. 😂😂
Power of thumbnail 🗿‼️🔥
Says who? 😅😅😅😅
Used by USA to make fake news😂😂😂😂😂😂
Misallocated capital
I'm favoured, $60K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America❤️❤️❤️
Lemme borrow a dollar
@@Kiahlaflame There is her line!!!! look down under this comment!!!! ок
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lie. China is good n stable. 😊
❤👍🌹
HAHAAAAAAA
Please use AI for voice. Your voice is a big put off.
Missing the forest by focusing on a tree! The problems are a lot greater in USA and Japan. Japan has the greatest debt to GDP ratio in the world while USA has the greatest government debt. Japan is able to delay it's collapse because most of it debt is owed to domestic savers in banks while USA is foreign debt in form of treasury bonds and is able to delay it's collapse as long as there are foreign subscribers to it's bonds. With possible shrinking of its domestic product in Japan as a result from EV challenge to it's car industry, people will start to draw their savings. This will bring about the start of collapse in Japan. As the number of foreign bond subscribers reduce due to weaponization of US Dollar on Russia which greatly reduced trust of US dollars, collapse of USA will be eminent. As for China, it's high domestic savings and profitable manufacturing might will help to see it through the current situation.
China is bankrupt.
Chinese savings is tied to the overpriced and over leveraged real state market.
Just wait bro, just wait.
(I hated our central bank when they increased the 20 percent cap to 40 percent of bank's exposure to real estate last year. I fear Philippines' banks exposure to China real estate bankrupt Industry.
Every country in the world is in debt ! Look at Argentina always finds ways to avoid paying off their debt !
Manufacturing is declining in China, facing economic crisis where do you get your facts ????
China is a lawless authoritarian police state that depends on foreign investment in order to survive. That foreign investment is now gone. It's manufacturing sector is contracting as foreign companies leave China. China's real estate sector is collapsing. Local governments have sustained themselves with huge quantities of debt which they've hidden from the central government. And local officials lie so often about local economic performance that on 8 February 2017 Vice Premier Zhang Gaoli ordered local officials to stop submitting false economic data to the central government -- because the central government couldn't make plans with such corrupt data.
Ok wumao