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Nicholas Rockall
China Observer
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Comments by "Nicholas Rockall" (@nicholasrockall7308) on "40 Banks Vanish in a Week, China’s Financial System on the Brink of Collapse" video.
@Chris.Davies Captain Obvious.! 😂
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Yep, Seven fat years, followed by seven lean years.
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I think you're right, however I reckon it will happen slowly, over the next two or three years. I don't think it will be an overnight collapse like we saw with the Soviet Union. Although, I have been wrong before, so, who knows? 🙂
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They were not actually paid in salt, it was an extra ration issued to them so they stayed fighting fit. They still got wages.
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But you are 100% correct about the origin of the term 'salary' 👍
2
@Flyrodder68 Yes, I think the Brics is collapsing too. Maybe South Africa and Russia will stay with China's brics experiment, but India and Brazil will probably pull out.
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I think it means the guys at the bottom of the business, the lowly paid new employees, as opposed to middle management or top floor employees like CEOs. But that is just my guess.
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@PeterRudesindus Yer, I didn't consider that.
1
Communism looks good on paper, but as soon as you add the human element, it turns to sh1t. It is always fraught with inequality and corruption.
1
Tofu money management.
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Because the USA may have it's issues, but it's in a way better situation than Chyna. The US may not be perfect, but it is doing pretty good.
1
After the way these people have been behaving towards the rest of the world over the past decade, I have zero sympathy for them.
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@howiescott5865 Yer you're right, however they behave like it towards each other too. Thanks to the CCP, the Chinese people have lost their moral compass, and it's really sad.
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Yes, Chinese people are not citizens, they are hostages.
1