Subj : Your opinions on communism
To   : michael goodwind
From : Kirk Spragg
Date : Thu Jul 18 2024 09:49 pm

 mg> Found that video I was thinking about, wrong channel but deals a lot in
 mg> what we are talking about
 mg> https://www.youtube.com/watch?v=d7SVsqg4Jzk&t=30s

I watched it a couple of days ago . That is quite an interesting video which synthesizes a lot of the sporadic info I have come across regarding China's realestate collapse and their demographic collapse.

I did not realize how heavily Chinese families were investing in realestate.
I though it was just the local governments.. the whole thing (as described
by the video you linked) sounds like a giant ponzi scheme, one that has collapsed quite spectacularly.

That gotta hurt & its hardly surprising that Chinese families are not willing to spend more than they have to.. which is going to make increasing GDP & economic recovery that much harder for China.

I really wonder how they will pull themselves out of this mess.

.... Veni, Vidi, ROFL -- I came, I saw, I -laughed-!

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