Comments by "Samson Soturian" (@samsonsoturian6013) on "Peer-to-Peer Lending, China's $200 Billion Ponzi Scheme" video.

  1. Also impossible to enforce collection. At least pawn shops will keep personal items as collateral
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  2. The excess savings is suspect. Even at the height of the bubble in China people were spending as much as 3/4 wages on mortgages. I don't know how or why that data would be manipulated though
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  3. ​@luting3 Come on. We all know you'd say that regardless if it were true. And we know for a fact the majority of Chinese people do not have bank accounts at the moment due to the bank crisis last year. But on second thought, that may explain the skew, as it may be the few people who still use banks have lots of money. For instance, the savings rate of a criminal racketeer may exceed 100% since he must launder ill gotten gains.
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  4.  @luting3  don't you have an ebike to confiscate?
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  5. 5:35 They are called "Sleeping Beauties." They all look the same because they all had extensive plastic surgery and they all serve in totally random jobs because they're attached to one or more of the bosses. Women rise in rank in Chinese parties/corporations the same way they rise in rank in Mexican gangs: By having sex with the bosses.
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  6. Everything is a ponzi scheme in China
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  7. Chinese culture exhibits risk seeking behavior.
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