Comments by "" (@craigkdillon) on "Wall Street Millennial" channel.

  1. China's real estate bubble bursting will cause a depression, not a mere recession. Recession's are primarily felt by bankers & businessmen. Depression's are felt by the common person. Many Chinese have their family wealth tied up in real estate. Many own multiple vacant apartment homes as their form of family investment and wealth. The homes will soon be worthless. Millions of once well-to-do families will be impoverished. Will their misery reflect on Xi and the CCP?? Will Xi and the CCP still have the mandate of heaven?? Will this be seen as a breaking of the social contract?
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  2. This is great news. This may be start of the collapse of the CCP.
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  3. OK, so what happens in China when local governments go bankrupt?? Do the towns & cities collapse? What does that look like? Who doesn't get paid?? What government services get shut down?? The police?? unlikely. Schools? Yep, for sure. Health? maybe. Public transport? Maybe What else?
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  4. They didn't even bother getting a deck of cards.
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