Comments by "Samson Soturian" (@samsonsoturian6013) on "3.2 Trillion Debt Leads to Bankruptcy of Guizhou Provincial Government First One to Go Bankrupt?" video.

  1. Except our economy is much larger and isn't built on fraud.
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  2.  @youxkio  You're mistaken. China backed it's currency with T-bills (BOUGHT WITH PRINTED MONEY) for a time as part of an elaborate scheme to encourage exports, but more recently they've bought some Russian gold. Even so it's a moot point since you cannot issue debt recalls on T-bills.
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  3.  @mombaassa  Watch the video. The debt's interest is like three times their government revenue
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  4. More money, more problems.
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  5. To be fair, a Yuan is only worth 15 cents on the international market
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  6. Chinese banks, western investors, global banks, it's pretty much impossible to hold some of it. Most investment firms follow a "global diversification" model where they own a little of everything to eliminate most risks.
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  7. Falsified data.
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  8. Go away
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  9.  @busking6292  Russia ain't buying junk Chinese weapons.
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  10. Because it's a Ponzi Scheme. They make money by leveraging to the tits.
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  11.  @Gerrygambone  we can prove some previous years GDP was falsified via double counting migrant workers and counting unfinished breadcrumb buildings at full price. I have no doubt this year is no different
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  12. With a lot of people/firms no one forecloses because the banks that own the loans are defunct too.
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