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» ITT: Capitalism In China Is Cracking Up
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post 1645493433 08-22-2021, 03:12 PM
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#31
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Originally Posted By 5x10
My rental property manager is from China

He has a ton of rich Chinese buying houses here
The reason is, when you die in China, the government takes all your assets , can’t leave anything to your kids

The Chinese government can’t take houses in the USA upon death
Plus tens of thousands of wealthy chinese wives have given birthn on American soil/territories and then go right back to china so their kids are American citizens and the entire family has free pass to come here if chit hits the fan over there. The chinese baby industry is a booming trade in CA.
post 1645493493 08-22-2021, 03:12 PM
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#32
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Originally Posted By XterraRob
I don't think people really understand the debt situation with China.

They don't owe their debt to anyone like America does, they literally write blank checks to themselves. If they need more money, they'll lend themselves more money. As a central planning entity, they won't call in their own debt and bankrupt themselves, they'll just find a way to "fix it" so their machine keeps running. And the West keeps allowing them to do it.
We do the same thing except we record it. It's being recorded for China too. Maybe not published, exact number might be blurry, but in the end, it turns out the same. China's government thinks they can just command it. And they do, and their people buy it because they are too scared to question it. What's funny is our government is seeing it work and wanting to do the same thing. We are being pumped up by stimulus's, government handouts, and crazy low interest. Communist believe that they have an idea, they are going to make it happen, and pretend it's working even if it's not, and silence anyone who says it isn't. You have to think though, that a huge economic factor is how people feel about it. Consumer confidence. Stock market or housing market drops, people stop spending and investing, which causes the economy to further shrink. So, what China does is reports the economy like it's the Clinton's on CNN, where no matter what happens, it's a good thing. The average Chinese citizen has to work 4X as hard to achieve 1/4 of the results as an american. Of course keeping people hungry, desparate, yet hopeful is a great tool for the state.

Like I said, people in China are investing in these buildings, which will crumble or be outdated bt the time they can collect.
post 1645493693 08-22-2021, 03:14 PM
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#33
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Nothing is a coincidence. They want people to be 100% reliant on the government. Even though China is a communist government, there’s still some liberty when it comes to financial freedom.
post 1645493723 08-22-2021, 03:14 PM
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#34
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Originally Posted By IH8RICE
Which currency would replace it?
None lol. All currencies inflate, which they need to do. If currency deflated and was scarce it would wreak havoc on the economy and all productivity.

Places that view money as scarce are often very poor
post 1645494063 08-22-2021, 03:18 PM
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#35
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Originally Posted By Jasonw1178
We do the same thing except we record it. It's being recorded for China too. Maybe not published, exact number might be blurry, but in the end, it turns out the same. China's government thinks they can just command it. And they do, and their people buy it because they are too scared to question it. What's funny is our government is seeing it work and wanting to do the same thing. We are being pumped up by stimulus's, government handouts, and crazy low interest. Communist believe that they have an idea, they are going to make it happen, and pretend it's working even if it's not, and silence anyone who says it isn't. You have to think though, that a huge economic factor is how people feel about it. Consumer confidence. Stock market or housing market drops, people stop spending and investing, which causes the economy to further shrink. So, what China does is reports the economy like it's the Clinton's on CNN, where no matter what happens, it's a good thing. The average Chinese citizen has to work 4X as hard to achieve 1/4 of the results as an american. Of course keeping people hungry, desparate, yet hopeful is a great tool for the state.

Like I said, people in China are investing in these buildings, which will crumble or be outdated bt the time they can collect.
https://en.wikipedia.org/wiki/Under-...ments_in_China

I mean they do stupid shet but would they really keep doing one stupid thing for 30 years? It's good propaganda, people love hearing other people are being retarded. Eventually those place have been occupied and we don't talk about them anymore
post 1645494073 08-22-2021, 03:18 PM
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#36
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it can all go to chit in china. But at least ill be surrounded by my people, and not blacks, whites, and browns.
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post 1645496063 08-22-2021, 03:45 PM
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#37
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what is the mediam household income in China?

Could not find any relevant info on this.
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post 1645500163 08-22-2021, 04:55 PM
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#38
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Originally Posted By iabs
what is the mediam household income in China?

Could not find any relevant info on this.
It was in a bar graph in the video and I think it was under $5k. I would try to grab a screenshot, but our power (and internet) has been cutting out. Think we are up to 4X now.
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post 1645500513 08-22-2021, 05:02 PM
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#39
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post 1645504993 08-22-2021, 06:17 PM
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#40
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Originally Posted By katya422
It was in a bar graph in the video and I think it was under $5k. I would try to grab a screenshot, but our power (and internet) has been cutting out. Think we are up to 4X now.
$5K a year?

damn..
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post 1645507373 08-22-2021, 06:55 PM
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#41
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Originally Posted By iabs
$5K a year?

damn..
Oops. That'sdisposable per capita income.



The only household income I could find quickly was from 2010 and under $11K.
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