Comments by "Samson Soturian" (@samsonsoturian6013) on "Moody’s Reveals China’s Fake Economy: $11 Trillion in Local Debts, Fatal Crisis Due Next Year" video.

  1. Not always. They didn't recognize the real estate bubble until the crash. Mostly because their downgrades of mortgages held by banks burst the bubble
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  2. LEASING land. The leases 20-70 years and the state oftne gets the land back when people default. Also, deed transfer taxes are really high
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  3. Their downgrade of mortgage assets burst the bubble. Literally, overnight it went from risk free to junk and the next day the stock market adjusted their prices bankrupting everyone that borrowed to invest.
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  4. That's the polite term economists use for shithole
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  5. Come on. They're just saying anything necessary to keep white people money coming.
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  6. Downgrading the Chinese government also downgrades all Chinese companies. The reason is your government is treated as the "risk-free rate" where if they go down they're taking all their citizens with them from taxes and inflation. Wall Street and banks charge people the risk free rate, plus extra to cover the risks of whatever you're doing. That's why during the Pandemic stimulus so many people got mortgages at like 3% interest, the interest rate the Feds were offering were near zero at the time.
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