Comments by "" (@thomasherrin6798) on "China’s ‘Crippling’ Debt Crisis | Chinese Gold Reserves Surge | Chinese Economy" video.

  1. ​​ @bbasleigh6149  China's total debt is 57 Trillion USD, more than the Wider West combined, the current (....and past) export surplus is also funded by non productive debt accumulation, there is no part of China's economy which is productive at present. They have also increased their military spending faster than the US in recent years, and also China's neighbours have also increased their military spending by sizable amounts, this is not related to the US but Chinas Imperial ambitions in the region, comrade!?!
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  2. China's gold reserve is under 200,000,000,000 USD, its total debt burden is 57,000,000,000,000 USD by comparison, not an insignificant amount!?!
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  3. It isn't in both counts and at present peace is not it's rhetoric!?!
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  4. Yes the EU has a funny idea about reshoring, it's supposed to be European companies, but hey, stupid is as stupid does!?!
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  5. There is more than one major crisis at present, excluding Covid which is largely over. The CCP always had central control of the Economy and it's tightening of control over the financial system will ensure that whatever the CCP does and however it operates the population will majorly adhere to the CCP directives as they will have no other alternative, otherwise they will have no job and no money (...or their money will be suspended pending an investigation!). They have all the levers of power, there is no alternative, it does not bode well for China (Or its neighbours in the current precarious position) as the CCP has already fuelled debt to an unprecedented level and it shows no sign of slowing down anytime soon!?!
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  6. The US debt crisis is caused by Republicans frustrating the Democratic budget from being ratified, there is no crisis in actuality. The CCP does not have this problem as there is no-one to check their authority and the grip on the financial system is getting radically tighter, to "avoid a financial crisis" in the words of the CCP. I find it most peculiar as the total debt of China is 57 Trillion USD which is more than the Wider West combined, including the US and Japan, so the CCP seem to be the biggest architects of the risk, ably assisted by local government debts incurred to carry out their "local" policies, it appears that they might exceed their assets by 2027 if indeed the local debt balloons by the amount indicated in the video!?!
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  7. Well at present they still have a population of 1.4 billion and big industries, so it's going like the clappers, when the population reduces it will seem like a waste of money, but at present it's extra (debt fuelled) GDP!?!
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  8. I like it, I think he's making "quite sure" it's not his words that are being quoted!?!
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  9. It says the good and bad, there is just not much good in the economy at present it has got itself into a pickle and it's fighting its way out, I suppose to a lot of China's citizens the World is carrying on as normal for them, however fundamental changes are taking place and the future is more uncertain!?!
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  10. Solar is being fitted to most new European homes, and heat pumps, however solar does not work so well in Northern European climates, so wind power will be the big energy driver in Europe and new Nuclear. China's debt is bigger than the Wider West's entire debt combined, and it is not lost on foreign investors that they will be at the back of the queue if there are any setbacks in China, and they will lose their shirt. The US has not found a way to make gold and lab produced diamonds are not as cherished as the real thing, but it does reduce the prices!?!
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  11. The US has not got a debt "problem", it's caused by the Republican party blocking the budget of the Democratic party which is running at a manageable deficit (37 Trillion USD total). Chinas on the other hand is 57 Trillion USD total (More than the Wider West combined debt total) and rising at an alarming pace, with half the assets of the US!?!
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  12. They are stoking up on gold as it buys things if your currency goes down the swanee!?!
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  13. The CCP has more control over the financial sector, they already have full control of the Economy, one wonders how, by implementing wide ranging presumably restrictive controls, this will turn China into an advanced economy, when the exact opposite would be required for the normal rules of economics to be followed. That also assumes that the CCP will make all the correct decisions, so it looks like a rough ride is ahead, it does not look good!?!
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  14. When it exceeds its assets in 3 to 7 years, it will not be able to finance the debt and go to the new normal of a reduced GDP and reduced growth, it's not clear what will happen with the debt burden as this is majorly funded by China's citizens so the jury is still out on that one!?!
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  15. Something along those lines, pork for gold!?!
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  16. That's a big hope, China threatens India's border and pinches a big volume of its natural water, but if you think your buddies, great, carry on, China has decided to make enemies of the West and it's neighbours by its present actions!?!
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  17. ​ @mikewood8695  China's total debt is 57 Trillion USD, more than the Wider West combined Including the US and Japan!?!
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  18. It will be a glorious CCP debt fuelled dead cat bounce, like the previous 15 years!?!
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  19. The CCP data on anything must be taken with a pinch of salt and dismissed unless they are independently verifiable, Confucius most probably said - fool me twice more fool me!?!
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