Comments by "HKim0072" (@HKim0072) on "$8 Trillion Bad Debts Topple China’s Big Four Banks, Banking Collapse Looming?" video.

  1. Probably close to $20 trillion in local government debt purchases. Another $12 trillion in central government debt. Than spread the rest out between households and companies. Only the central government number is reasonably accurate. Everything else is a guess.
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  2.  @piotrmajewski5978  Without securitization and CDS, housing in the US wouldn't have been an issue. There was barely any oversupply in the US market (except regional pockets).
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  3. Zero chance the State Banks will ever reveal their real books. Can't find the article again, but did see that much of the extra forced liquidity is going into refinancing the LGFV debt, lol. Ain't helping the economy at all.
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  4. Can you really call -20% a crash? That's what the US did from Q1-07 to Q1-09.
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  5.  @bbustin1747  I literally looked at the FRED data. It was -20%. You need to take a statistics class and understand how median / averages work. Or just take a basic math class.
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