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Power Shift
China Observer
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Comments by "Power Shift" (@powershift2024) on "1 Billion People Earn Less Than $300/Month: The Truth About China’s Average Salary Revealed" video.
Deflationary currency means your debts are much tougher to pay off, for your household, for your local banks, and for your government. GDP to debt ratio is well above 300% in China. A country doesn't come back from those levels of financial distress, it dissolves.
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@张沛文-o8r more gutter oil champ? How's all that Chinese gov't financial stimulus doing? It crashed the stock market AGAIN in less than a month??? That's HILARIOUS. China's even more HILARIOUS. Enjoy your plastic filled moon pies, it's ALMOST like eating food. 🤣🤣🤣🤣
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If you're eating cane rats and have sewage and toxic metals in the entire country's drinking water, you are in real poverty.
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The food is poison, the water is poison and the air is poison. That would be a sick and desperate society with no way to reconcile with reality.
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National average of household debt has already passed the economic red line of 70%, that's great depression levels of insolvency. Credit cards would be useful for burning for heat.
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