Comments by "Yerris" (@yerri5567) on "China’s Catastrophic Economic Crisis - Is The Bubble About To Burst?" video.

  1. @TerryConspiracy420 You sound like a conspiracy theorist ngl
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  2.  @TerryConspiracy420  Ive read about it before. Its not that "scary". All the push backs are from conspiracy theorists that touch on topics that the didnt even touch upon. And I just realised you have "conspiracy" in your name...
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  3. 0:48 Ok now youre just spreading fake news. Those so-called "ghost cities" from the past are now mostly all occupied. Not even sure where you got that 65-90 million figure from. Surely youre not just taking it from some unverifiable MSM article right?
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  4.  @garyvanrijn9511  Honestly Im worried for the world. Their economy will indeed implode sooner or later. The endless printing of money, and endless debt pilling up and up. They even reached the debt ceiling and is postponing the consequences of that. Theyre literally creating money out of thin air not backed by anything. The only reason theyre able to do what theyre doing is because this strategy can be done short term and the fact that the US dollar is in high demand. This strategy is no longer "short term", it can no longer continue. As you said, once BRIC or any other country group no longer uses the USD as the main currency, the dollar will inevitably collapse. Itll send huge shockwaves around the world with real world consequences affecting the lives of the advanced economies. That disaster might even start WW3.
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  5. @RD22 Thats actually misinformation. Those so-called "ghost cities" from the past are now mostly all occupied. Not even sure where he got that 65-90 million figure from. Surely hes not just taking it from some unverifiable MSM article...
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  6. @willskol1895 Can that information be verified?
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  7. Nah theres some misinformation here. Those so-called "ghost cities" from the past are now mostly all occupied. Not even sure where he got that 65-90 million figure from. Surely hes not just taking it from some unverifiable MSM article...
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  8. @joemeltingbutter6668 Make that 98%. The figures from the "ghost cities" are heavily inflated and backed by no credible source.
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  9. @@zerotimeout "debt is irrelevant" If debt is irrelevant then that $20 mill missed debt payment is irrelevant...
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  10.  @grimaffiliations3671  "it's not debt. That 32 trillion is just dollars spent by the government that haven't been used to pay taxes yet" You dont know what youre talking about...governments dont "pay" taxes. They "receive" taxes.
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  11.  @grimaffiliations3671  "Im saying thats all the national debt is, money that hasn't yet been used to pay taxes" Then you worded it wrong. You were meant to say "32 trillion is just dollars spent by the government that haven't been used to RECEIVE (you said pay) taxes yet" "When the government services that "debt", people will start spending it and inevitably use it to pay taxes" What do you mean government "services" that debt? Debt literally means you paid for something you dont have the money for yet. Youre basically using your countrys futures money. Thats what debt is. Youre literally twisting the very fundamental definition of debt here. And people dont "spend" government debt...so not sure what you mean by that there...
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  12.  @grimaffiliations3671  "the government doesn't pay taxes to itself, people do" I understand that. But your sentence was "32 trillion is just dollars spent by the government that haven't been used to pay taxes yet". Governments dont "pay" taxes. Like you said, people do. And you didnt mention "people" once in that sentence, hence why I said you worded it incorrectly. "The government borrows only from itself, it doesn't need the faith or financing of outside entities. Our stockpile of US treasuries" Same for most (if not all) other governments in this world. So not sure why the US is special here. China and other countries do it too.
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  13.  @grimaffiliations3671  "So dollars tied up in US treasuries is money that has not yet been used to pay taxes by the recipients of government spending" The dollars are not "tied up" in the US treasury. The money in the treasuries are invested elsewhere. Money doesnt sit around.
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  14.  @grimaffiliations3671  Monies never sit around. Even monies in treasuries are invested elsewhere. Letting monies sit around is just losing money. Governments arent that incompetent to let that happen.
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  15. ​ @grimaffiliations3671  "what are you talking about? money in treasuries are the investment" Ok from this comment Im certain you dont know what youre talking about. Money given to the receiver is always used elsewhere. Money doesnt "sit around". Ive said this 3 times already. What is your background? Do you have a degree in finance or economics?
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  16.  @grimaffiliations3671  "Yes, money doesn't sit around. Hence why it is invested into treasuries" And now you went 180 from money does sit around to money doesnt sit around...
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  17.  @grimaffiliations3671  "I'm saying the way money sits around, is when it is invested into treasuries...You're saying money doesn't sit around even when it's invested into securities, which doesn't make sense" No, they dont. Money indeed doesnt sit around. When XYZ invest their monies into treasuries, the government then reinvests the money that they received into something else. Money always flows somewhere. Hence why money never "sits around". Im not sure why youre so adamant on a topic youre clearly not an expert in.
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  18.  @grimaffiliations3671  ​ Whats nonsense? Money is always reinvested. Stagnant money is always a loss. You speak about the US treasury and its securities. Do you even know what the purpose of that is? Here, I took an excerpt from investopedia for you to better understand: "Treasuries are debt instruments in which investors are lending the U.S. government the purchase amount of the bond" Investors are LENDING the US government, meaning the US government is going to do something with the money that they need. It does not just "sit there".
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  19. Whats nonsense? Money is always reinvested. Stagnant money is always a loss. You speak about the US treasury and its securities. Do you even know what the purpose of that is? Here, I took an excerpt from investopedia for you to better understand: "Treasuries are debt instruments in which investors are lending the U.S. government the purchase amount of the bond" Investors are LENDING the US government, meaning the US government is going to do something with the money that they need. It does not just "sit there".
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  20.  @grimaffiliations3671  ^comment gets censored if I tag you for some reason...
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  21.  @grimaffiliations3671  Im mean, if youre going to say things outside of the realm of conventional economics that is not backed by credible sources, then I have nothing more to say here.
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  22. @HAITI-1804 True. But Japan is the largest foreign holder of US debt now, not China.
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  23.  @taran5209  "China cannot sustain for a long period of time without western economies money." Since time immemorial, from ancient times till the 18th century, Chinas economy was #1 in the world for the most part. And they did it without "Western" economies money. So not sure what you meant by that. Theyll be fine with or without it. Theyll just be better off with foreign investments thats all, as investments are ALWAYS good for any economy. And his point was "if China goes down it’s also not good for the US". Thats true. And not just for the US, for the world too. "Why do you think they keep complaining about western companies leaving and no more foreign investments?" Lies, not once have I seen China "complain" about western companies leaving and no more foreign investments. If you insist you are right, do provide a source. Im open to you proving me wrong about them "complaining" over that.
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  24. *Sorry just checked. Make that till the 19th century
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  25. @geng8667 They cant get their billions out of the country. So why would they move?
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