Comments by "Twomix" (@twomix1822) on "Wall Street Millennial" channel.

  1. China’s real estate industry is collapsing. This is Lehman brothers on steroids x 100. The losses will be in the trillions… not millions… not billions but trillions. Most of China’s real estate companies while they look good on paper are actually nearly bankrupt because of hidden debts (they have massive debts that are off the books). They are experts in making their books look clean but a lot of dirt are hidden beyond the scrutiny of investors and shareholders.
    1
  2. Not surprised. Xi Jinping wants a return to Mao Zedong era where the CCP controls everything. And just like during the Mao Zedong era, it didn't go well for China -- tens of millions of Chinese people starved to death during the great famine (1958-1961) and millions more were murdered during the cultural devolution (1965 - 1975). It only ended because Mao croaked (thank God). During the cultural devolution era, someone could be beaten in public, humiliated or killed just for reading western literature or play western music (the CCP regime would ban western musical instruments like violins).
    1