Comments by "foil hat" (@foilhat1138) on "China Observer" channel.

  1. China is bad but Russia lost the battle of the Black Sea to a country with no navy.
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  2.  @HKim0072  The solution is get rid of the authoritarian regime and become an actual democratic market economy.
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  3. Hostage diplomacy probably doesn't help.
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  4. He said Poland caused ww2, the Molotov-Ribbentrop pact was to protect Czechoslovakia. Welcome to the world of revisionist history. He spent most of the rest of the interview trash talking Tucker.
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  5.  @JuanPassiveMenis  Japan is rich. China has managed to do what no country has done before, grow old before getting rich. Nobody really knows what's going to happen, there is no model for it but it probably wont be good.
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  6. Its called a budget with Chinese characteristics.
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  7. Also deflationary death spiral.
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  8.  @NoOneElse  China is a command economy, not a free market economy. Command economies always fail.
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  9.  @JuanPassiveMenis  Birth rates naturally decline as a product of urbanization (there are other factors also like availability of birth control). China's birthrate would have fallen normally like everywhere else but 1 child has resulted in catastrophic decline. Every country will eventually end up like that, however in North America it is greatly slowed due to immigration.
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  10. China is in a deflationary death spiral, maybe they are trying to counter that. That isn't how it works though.
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  11. $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders. Before 1949, the government of the Republic of China issued a large volume of long-term sovereign gold-denominated bonds, secured by Chinese tax revenues, to private investors and governments for the construction of infrastructure and financing of governmental activities. Put simply, the China we know today would not have been possible absent these bond offerings. In 1938, during its conflict with Japan, the ROC defaulted on its sovereign debt. After the military victory of the communists, the ROC government fled to Taiwan. The People’s Republic of China was eventually recognized internationally as the successor government of China. Under well-established international law, the “successor government” doctrine holds that the current government of China, led by the Chinese Communist Party, is responsible for repayment of the defaulted bonds. A private group of American citizens holds a large quantity of these gold-denominated bonds. This citizen-led group, the American Bondholders Foundation , serves as trustee with power of attorney for some 20,000 bondholders, whose bonds are valued at well more than $1 trillion.
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  12. California definitely has problems but they are at least rich. Per capita GDP is $85,969 in Cali. Its $12, 556 in China. And that's the CCP reported number, they tend to lie about their GDP. Taking household income into account houses prices in China are far less affordable then California.
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  13.  @chetbuxton764  Putin compared himself to Mr. Moustache, you know that Austrian painter who's name I cant say on this platform. So I guess there was some truth in the interview.
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  14.  @allonzo10586  The US is currently undergoing the fastest industrialization in its history, including WW2.
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  15.  @allonzo10586  Record private sector investment into industry, adjusted for inflation and over a trillion from the state. The primary issue holding things back is the labor crunch, though automation has helped with that somewhat.
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