Comments by "Link Knight" (@OffGridInvestor) on "China’s Economy Is 50% SMALLER Than You Think | LEAKED REPORT" video.
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They think numbers IN THEIR BUBBLE, NOT reality for the man on the street. I remember after the GFC, with HUGE numbers of house foreclosures, people living out of their cars, etc, Ben Bernanke decided there was A SAVINGS GLUT. That's right, people were HOARDING MONEY and THAT was holding back the recovery. Dumb bastard SERIOUSLY BELIEVED it with no job and bankruptcies EVERYWHERE, "they're hoarding money and not spending their HUGE savings". Turned out the dumbass ONLY calculated mortgages STILL left, and wiped out ANY medical debt, student loans, car loans, credit cards and ALL OTHER DEBT and decided that REMAINING mortgages were the ONLY debt, then calculate that against earnings and EVERYONE IS LOADED. As a WHOLE FAMILIES are living in SUVs....
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