Comments by "HKim0072" (@HKim0072) on "Depositor is Helpless: Bank Converts Her 660K Yuan Deposit into Real Estate Bonds" video.

The one thing that is never mentioned is "greed" of Chinese consumers. They were searching for 50-100bps extra yield and got screwed. If someone is offering extra yield, it's usually shady and risky. I was always amused in the past when the Japanese would bank with the postal system (now mostly privatized) with hyper low yields. Then did it because they are a conservative society and value safety over yield.
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@powershift2024 Interestingly, I just looked at Japan's UNRATE. It peaked at 5.5% in 2000. China is probably double that right now if not 3x. Japan has been mostly growing every year (looks like 7 years with negative, 2 flat and rest small positives since 1990). Just slow as dirt.
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@mooeykazooey lol, they traveled 1-2 days to a bank to get extra yield. That's greed and you get what you deserve.
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@LD-Orbs Every ponzi scheme offers outlandish yields because they need new capital to keep the scam going. It's a tried and true process on human behavior and greed.
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@hamfistsman6267 It's endemic to their society. Gutter oil, fake everything, tofu dreg construction. A society that is so brazen to cheat each other to make a few coin. Japan is probably the other end of the spectrum of not cheating their fellow citizen and gaming the system. Let's use an USA example: If I dumped in money above the FDIC limit in some weird bank in Kansas to get an extra 100bps, I deserve to lose my money.
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@InformedKiwi I have a BA in Finance. We learned the risk-reward principle in Business 101. If someone is offering higher yields, feel free to go after. Just don't bitch when it blows up in your face. They went to smaller banks AND went over the insured limit. Split that shit up in 4-5 banks if it's your whole life savings. I made sure my parents were in ladder bonds when they were close to retiring: mitigating interest rate risk + company specific risk.
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