Comments by "D W" (@DW-op7ly) on "Nomad Capitalist" channel.

  1. Most people probably don’t know China’s factories are filled with illegal workers from SE Asia And manufacturing is not the driver of the Chinese economy these days It has been their Real Estate in China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, heath, education and even marriage prospects Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest Unlike here in the west where we are going the other direction
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  2. in China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, heath, education and even marriage prospects Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest Unlike here in the west where we are going the other direction
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  3. in China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, heath, education and even marriage prospects Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest Unlike here in the west where we are going the other direction
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  9. Those are all bordering countries Even the South China Sea is framed with a western narrative 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  10. China isn’t the only country with SCS island grabs many other countries have taken islands It’s just the USA wants to paint the Chinese as the bad guy When the Philippines who the USA supports in this dispute invaded Sabah in Malaysia and caused the demise of 71 people in 2013 Where the Philippines makes a historical claim on Sabah Where Malaysia clearly wins the proximity debate Which all stems from a Previous Sultan gifting this land to people who are now Filipinos as a prize for quelling a rebellion Where the Malays call the money they pay every year the sale of the land and the Filipinos call that money the Malays pay every year a rental BUT arguing “sale” or “rental” it does not matter The Malays have the right to pay 5000 Malaysian Ringgit every year in perpetuity to the Philippines Meaning they can pay the Philippines for ever and ever and ever for the “sale”or “rental” of Sabah 👈whatever people want to call it And certainly does not give the Filipinos the right to invade Sabah Also there is that issue of the Philippines unilaterally bringing forth a proximity claim on those disputed islands they have with China Where they went to that ICJ tribunal in 2016 dismissing historical claims….. as a legitimate claim While only accepting a recent 1971 proximity claim: the Philippines made on those disputed islands they have with China where China made a 200 BCE claim In any event with their very own proximity claim logic they argued in the Tribunal Sabah belongs to Malaysia, along with a few islands that Filipinos now control, that are closer to Malaysia in proximity that should be visited
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