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Nicholas Rockall
China Observer
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Comments by "Nicholas Rockall" (@nicholasrockall7308) on "China’s 470 Million Middle Class Wiped Out, No Desire to Spend: 618 Shopping Event a Disaster." video.
Next thing will be those bank just keeping peoples savings ... "Oops, your money isn't here"
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Exactly..!
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Mate, I love watching this channel, because it reminds me how lucky I am to not be living in China. I'm so grateful :)
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Yep, I was in a bit of financial stress myself about a decade ago, so I bought myself a coffee percolator for around $60, knowing that it would save me money in the long run (takeaway coffee was about $4.50). Now, my finances are good again, but I still prefer to make my own coffee instead of walking up to the local cafe.
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@piquant7103 That's a fair enough comment, and it's true too, but, some of us just love coffee mate. I don't mind green tea in small doses, although personally I prefer black, but that's just me :)
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Exactly right mate, people just need to seperate their 'wants' from their 'needs'. You can still live happily on a limited budget, it's not difficult.
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@tuvoca825 Wise words mate, it's better to accumulate good memories, rather than expensive possessions.
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A wise philosophy
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So, when these people were earning a good wage, instead of saving their money, they splurged it on unnecessary and expensive items, now they have nothing left. If they had remembered the story of Joseph and the 'seven fat years followed by seven lean years', they wouldn't be struggling now ... Idiots.!
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Yes, it will take decades for China to regain the worlds trust. Even then, it will only be after a regime change there.
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hahahaha
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that was clever :)
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China's tofu ponzi economy is now collapsing.
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Dogs too
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@protorhinocerator142 Bravo.! go all the way, and be comfortable with it. Well done :)
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Yes, they already have problems with selfishness and lack of care for one another, due to communism. So, when things get worse over there, say in about two or three years from now, the country will become a nightmare with crime and social breakdown. They'll be eating each other alive.
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