Big problems in China 36 days

It looks like when people are planning a protest outside the bank for being unable to withdraw their money, their health code goes red and they have to isolate themselves or face the consequences. But it looks like the Chinese have woken up to the fact that the housing Ponzi scheme is about to end as mortgage strikes are enveloping the country. This essentially means that the money coming in on the presale on a house that will never be built, Will cause the companies the inability just to pay off the investors international and otherwise. Apparently, the banks in the fraud which have gone bust exclude the deposit guarantee from the government because fraud is involved. The money coming in from presales is just used to keep the building companies afloat, and houses will never be finished or even a brick gets laid. The maker of this vid claims that it will all collapse in about 36 days, this could be worrisome as the only distraction for the CCP might be the invasion of Taiwan because what else can a government that wants to hang on to power do except revert to a war economy.

a reply to: anonentity

No biggie,

They will just run over them with tanks and it will be over... Just like last time.

originally posted by: infolurker
a reply to: anonentity

No biggie,

They will just run over them with tanks and it will be over... Just like last time.

Yeah no worries Biden even has the CCPs back this time.

What could go wrong!

The Chinese Communist Party has a really good out for this one. And for that matter any financial or market problem. They can consult their book written by German Communist Santa Claus and then simply nationalise it all and shoot the owners. Any successful businessman in China is guilty of deep corruption and massive fraud so it won’t be hard to justify. Even better if they were aligned with the rival faction in the Party!

It’ll probably happen too. I’d bet on it.

a reply to: Ohanka

Yes but the CCP is not really communist except in name only, all the members of the central committee are billionaires.It is a cozy self-perpetuating club, where anyone wanting to do much has to make sure they are paid off to greece the wheels, it probably is the same as in the west. But I doubt that if the army and police who will be suffering the same as the general masses might think it is all hunky dory. The Chinese with the big money have all made sure that they have house money and citizenship as far away from China as possible they are not stupid.

a reply to: anonentity

There's a red graph and flames on the video thumbnail. Clickbait all the way. I always block any channel that uses such tactics. I'm rarely an absolutist, and I'm sure there is good content in some videos with clickbait thumbnails, but if a YouTuber has such little respect for their viewer's intellect to use these tactics, I refuse to watch it. The same goes for any video with a shocked or strongly emotional face.

This issue has been predicted for a long time.
China's economic growth came with a huge downside risk.
They also have an aging population that will drag them down.

There is a revolution on the horizon

originally posted by: Bluntone22
This issue has been predicted for a long time.
China's economic growth came with a huge downside risk.
They also have an aging population that will drag them down.

There is a revolution on the horizon

I think putin would crap a brick when it happens IF they go full on democracy!!

They seem to have issues also with jobs, and some rich consider leaving China....same as in Russia

Xi’s Great Leap Backward

Surveys show that some 10,000 wealthy Chinese, worth an estimated $48 billion, are looking to abandon China

originally posted by: Kenzo


They seem to have issues also with jobs, and some rich consider leaving China....same as in Russia

Xi’s Great Leap Backward

Surveys show that some 10,000 wealthy Chinese, worth an estimated $48 billion, are looking to abandon China

bet you they will have to give up 99 percent of their money to leave.

a reply to: yuppa


The CCP tarif


What happen recently to Jack Ma is proof that nobody is safe , and business is also on crosshair if say wrong words . This seem quite similar what has happen in Russia recently.

a reply to: InwardDiver

Just because you personally don't like the graphics, does not make his arguments unsound.