Comments by "Samson Soturian" (@samsonsoturian6013) on "China's 40-Year Economic Boom: 300 Years Cash Used Up" video.

It's called the money multiplier effect. Everyone believed they are richer because everyone has borrowed money from everyone else.
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That correlates to population growth, dude. In US history, the periods of highest debt-to-income ratios were in newly formed states. Literally, each state's decade of highest indebtedness was the decade they were formed. Everyone had mortgages to get their farms/shops set up, and every bank had a mortgage with a bigger bank back east.
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Of what? This channel is mostly quoting primary sources
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The Yuan isn't pegged to the dollar, it is simply backed mostly by US government bonds and they target inflation slightly above the dollar to encourage exports.
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@Sabbir-_-Hasan I think you didn't watch the video
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Don't you have a puppy to slaughter?
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A lot of the debt is owed by other Chinese people who are also deep in debt. It's called a credit spread, you borrow at one rate and lend at another.
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@Bjørn Hjortshøj Andersen normally the money multiplier effect is capped by cash reserves at the bank, but that's generally not so. Combine that with systemic counterfeit bills and the defrauding of foreign in investors, it seems everyone in China thinks they are rich because everyone owes everyone else money. It's history's largest ponzi scheme
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@e S I think that has to do with their central bank trying to decouple from the US. They use to have policies that encouraged exports to the US, but now they are buying gold to be a real reserve currency. And since everything in China is a world domination scheme, they think the next step is to displace the dollar and euro as the reserve currency.
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The goal isn't to be productive, the goal is world domination
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