Comments by "David Himmelsbach" (@davidhimmelsbach557) on "Cathie Wood: China Has Already COLLAPSED! You Just Don't Know It Yet..." video.

@toriokras1582 Nailed it. This is a crisis of the CCP elites. Until 2004 ( 2005, really ) ONLY CCP members could buy real estate. And even they only started buying after ~1989. That's why all of these monster entities are all so young. The end of the Ponzi means that all too soon (new) buyers will go on a 'buyer's strike.' I think it's already begun.
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@TheImpolitelad Well said. Red China is not only a super Ponzi -- it's a theft based con, too.
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You only missed one point: until 2004 ( really 2005) ONLY CCP members could buy real estate assets. Yup. The ONLY folks able to get in on the ground floor of the ultimate Ponzi were CCP members. So, who will be taking the biggest beatings? CCP members -- especially those at the top. They're the ones with 'crazy' holdings. What must come to pass: internal revolution. Louis XVI lost power when his NOBILITY was bankrupted. He'd funded his 'American project' on the sly -- and only too late the peerage discovered that their sovereign was on the hook for a staggering (unfinance-able sum.) It didn't help that the grain harvest was gravely impaired. The Romanovs went down the same path. Between the trans-Siberian rail project and WWI -- the state's finances blew up. It didn't help that Spanish flu destroyed the economy all the more. And then there's the Ming dynasty. It blew up -- and China was not at (significant) war with any external power. Just insane, wasteful spending did the Ming in. BTW, you might note that the Yuan is being softly deflated ever lower. THAT'S the real sign of epic, national distress. You also left off the insane high-speed rail boondoggle. It's as crazy as Red China's real estate Ponzi. You also left off the bankruptcy of Red China's mega-steel and iron producers... and its aluminum manufacturers. Without the Ponzi, they have no markets.
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