China’s Youth Broken, Crying! Can’t Find Jobs, Top University Diplomas Turn Into Toilet Paper
- Thread starter canada-man
- Start date
It is happening in Canada, U.S.A, Europe. The world is going though a period of economic tightening due to stimulus and spending during the pandemic. The next 10 years will not be as prosperous as the 10 years pre pandemic.
Fuck’em. Anyone who falls for Marx and Mao can only be taught the hard way. My main concern is that CHICOM economic collapse drive Xi to military adventurism as a distraction.
Smedley D. Butler was a hero to the Chinese people. Few Americans since have received that kind of respect...
Even if China was like western Europe or USA since 1969 . We probably would have been canceled a long time ago.
I mostly agree with your points except for the failing banks. The "banks" that failed are shadow banks, they are not a government-backed banks. A non-shadow bank, China will not let it fail unless China runs out of money. Maybe in china right now users are posting about the "FTT Crypto Bank" scam, maybe according to their standards FTT is akin to what a shadow bank is. China has their own version of FDIC, the shadow banks are not insured, if you put money into a non-FDIC bank because the interest rate was insanely high and the bank went bankrupt, I doubt anyone would take pitty on you. In the same vein if you lost money in FTT I also doubt anyone would take pitty on you.
I used to watch a lot of those China Observer videos like what CM posted, I stopped watching recently when because they talked about bank failures without mentioning they were shadow banks. Things are bad in China but maybe only 25-50% as bad as what the China Observers videos portray.
I am not pro-China, I think Taiwanese people are a better representation of Chinese people than the Chinese are. The government of China holds the people back, if china adopted democratic systems like Taiwan, holy shit, they would have flying aircraft carriers and Gundam shit, so maybe it is fortunate for us that the CCP is as messed up as it is.
True. But it only means the CCP is allowing these banks to operate. And that undermines the confidence in the regular banks. If people start a run on them it can create a cascade effect. Panic can occur. And is contagious.
It will be the real estate collapse that will be the lynchpin imo.
The day the CCP shut down the economic hub of Shanghai in pursuit of zero covid policy is when the decline of China accelerated. Everything came to a screeching halt with out any warning. Manufacturing, ports, supermarkets, pharmacies, etc. were all shut down without warning resulting in supply chain disruptions globally. In response, several customers set up alternate full/partial supply chains in Mexico, US, India, Vietnam, Indonesia, Malaysia resulting in decline of manufacturing/services in China. Then they have construction malaise resulting from several ghost cities. Chinese stock markets have lost $6 Trillion in value since 2021 resulting in curbs in short selling and other instruments. The bloodbath will only accelerate because of the heavy handedness of Xi and his elite circle of sycophants
