Comments by "hugh mungus" (@hughmungus2760) on "China’s Debt Bubble, $1T Fraud, Banks are Failing. China's financial Collapse" video.

people were saying the exact same thing in 2015, and in 2008. China will be fine. A year or two of slow growth (when the rest of the world is in recession) is not a big deal.
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Times up. Wheres that crash huh?
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china actually got something of value for that trillion: a world class rail system. What did the US do with the 8 trillion it printed in the last 2 years?
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they can and have, in 2015 china sold about 1 trillion in foreign reserves which effectively stopped a recession in its tracks. But that obviously isn't sustainable long term and should only be reserved for an actual emergency, not this little recession.
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its a FUD channel, it doesn't need credibility it just has to sell doom porn to an audience that already don't live in reality.
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@secretbassrigs according to marketwatch, more than 50% of americans cant scounge up $1000 in an emergency. That looks like 'no savings' to me.
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@secretbassrigs thats because most american's live off credit.
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@Wolffur technically china has already 'collapsed' because quarterly growth is at near 0. But that had more to do with covid lockdowns.
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@MegaBanne the HSR is NOT a luxury mode of transportation, migrant workers use it to get around the country and it practically enables commuter cities in china to exist. Also what? China barely has any non-high speed rail, and the chinese metro is by far more modern than india's. You're making stuff up.
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@kingartifex they were doing this with the three gorges dam last year when there was flooding. Every day there were predictions that the dam would fail and kill tens of millions. these people are deranged.
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@darthvadeth6290 Yeah these people putting exact dates on china's collapse is setting themselves up to get trolled hard when their predictions fail.
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come 19/9 this channel is going to get bombarded with trolls I can feel it.
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@nathantardrew7068 this makes no sense, today there are almost no youth in china that don't at least have a high school education, even factoring in the lack of development 30 years ago, people of working age should still have a solid 50-75% graduation rate in high school.
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which is roughly what the US economy is worth if you strip away all the wallstreet fluff.
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Thats like saying the US airlines are all going to fail because they haven;t been profitable for a LONG time. And that everyone will have to drive 48 hours to go from state to state. No the HSR will be kept around because the country would stop functioning without it.
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the US is actually in a worse shape. At least china isn;t suffering >8% inflation while in the middle of a recession.
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its obvious that a certain demographic is grasping at straws hoping china will fall because they are either insecure about china's rising power or insecure about their own domestic problems. And considering that europe and the US are both in the toilet when it comes to inflation and recession, it shouldn;t surprise you.
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foreign factories left because they were getting outcompeted by domestic chinese ones. Which is why china's exports are still at record highs.
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I get the impression this channel is going to shill some crypto scam when their china collapse predictions dont pan out.
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@JesbaamSanchez too bad, china is basically set up to get it's own version of Putin after the CCP. Because aggressive, nationalist conservatism is the only thing china knows other than communism.
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@GroverAU europe also doesn't have 1.4 billion people, most of which live in close proximity to each other. If you look at a map of chinese HSR lines the all go to major provincial cities with populations of over 5 million. The network effects of having so many cities linked up with HSR is massive. With traditional slow rail such a system just doesn't work because nobody wants to spend 12 hours on a train to go to the next province. Only a few lines like those going through xinjiang make less sense, but thats more for geostrategic reasons than for making money.
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china is well on its way to overtaking the US. even if china manages a meagre 2% growth this year it will have done better than the US which is going backwards.
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yet every year they magically pull through.
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china already heavily restricts the ownership of private cars in its biggest cities. People have to use the metro or take the bus.
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@user-mc9sh1og4t SOE debt owed to the state is like the left hand owing money to the right hand. The government can wave a wand and make that debt disappear and no investors get burned because its all state owned anyway.
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@user-mc9sh1og4t Depends what you measure. the national debt of china is something like 70% of gdp. that 270% figure is a sum total of government, corporate and personal debt. Which is disingenuously compared to US national debt by itself. The US can send all the diplmats they want, taiwan will be a smoking crater if they try to declare independence.
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@user-mc9sh1og4t LOL. china is not 270% debt to GDP. People keep flaunting that figure which includes public AND private debt. Meanwhile the US National debt alone is %130 of GDP and if you use the same measurement the US is well over 300% debt to GDP; and thats before you add on unfunded liabilities. Face it, chinese HSR allows low income earners to travel half way across the country for what would be the uber fare to a US airport.
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@cscirpoli lol. you actually believe that garbage? Sane demographers predict china to still have nearly a 1billion people by end of the century.
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@cscirpoli So why stop there? if you don't want to take official statistics why not just pretend china has no kids and will become extinct in a generation? After all the skys the limit if you pull numbers out of thin air to push a narrative. What proof do you even have that china overcounted? Its a baseless claim floating around mostly propped up by that huxter Peter zeihan who has on record said that china would cease to exist by 2020.
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@user-mc9sh1og4t The equivalent for a train between shanghai and Guangzhou is 210rmb, which is like $35 and thats the upper range of what people would want to travel by train as its 12 hours. Most indebted? Not even close.
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china is also building freight rail on the side, but that doesn;t get reported because nobody cares about freight rail.
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china derrangement syndrome is a real thing
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where the hell do these people get the idea the chinese government can;t honour it's bonds? If anything the US stealing hundreds of billions in Russian holdings is closer to a default.
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most americans can't afford to leave their state on a regular basis because of a lack of cheap public transportation like HSR. Plane tickets are extremely expensive now because of covid and driving takes days and is hard work. Thats your downside.
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lol. immagine this keeps up for a few months. This channel will be a laughing stock.
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@Jay84476 man, what is it with you people and apocalyptic predictions. why not just pretend jesus is coming back imminently . Because thats what you sound like.
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the realestate correction has been a long time coming and quite frankly its about time people were forced out of their comfort zones when it came to investing. Just piling money into one asset class is plain dumb, If people need a house to live in, fair enough but alot of the people getting burned are second or third home owners with zero intent to live in their properties.
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@nathantardrew7068 wtf? Chinese workers only having a 20% high school education? Where did you hear that? that hasn;t been the case since the 70s
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not even, nobody wants to spend half a day on a train to get to the next city over. high speed rail is for 200-800km journeys that beat out cars and planes for efficiency.
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@isocult HSR is not unaffordable, its literally cheaper to catch it than to drive.
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