Comments by "William Warren" (@wbwarren57) on "Lei's Real Talk" channel.

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  43.  @wakannnai1  You underestimate the greatness of Xi Jinping and the CCP! Remember that $6 billion that disappeared from the accounts in that provincial bank? Well, that money is now well and truly gone because the CCP deleted any mention of it from the Chinese internet AND SOCIAL MEDIA and used thugs in black slacks and white shirts to terrorize the account holders into no longer asking for their money back. If no one is asking for their money back, is any money really missing? When it is comes to the real estate crisis, the CCP will use the same approach. They will punish (fine, arrest, torture, imprison, kill, organ harvest, etc.) at least one mortgage boycotter from each real estate project affected by boycotts. Though this won't be mentioned anywhere on the Chinese internet (or at least it won't be mentioned after the censors have done their work), word-of-mouth will get around that the mortgages MUST be paid if the mortgage holders (or their surviving families) won't to escape punishment. Far from being criticized by the Chinese "people" (CCP livestock) at large, it will be welcomed because it will help stabilize the finances of the real estate companies, perhaps lead to the completion of more projects (though that is not guaranteed), and will restore confidence that the CCP will not let property prices go down. Though this course of action probably will adversely affect the long-term growth of China, restored confidence will cause the Chinese people to once again joyfully resume en masse throwing their life savings into the real estate money pit (Ponzi scheme) once again and prices will resume rising - and even surging like the good old days. Rising real estate prices will, of course, also help to stabilize and restore provincial finances. Yes, this policy is just "kicking the can down the road", but it should work long enough to benefit the older leaders now in the CCP (until they are buried with full honors - Xi Jinping among them) and should give the younger well-connected smart CCP members time enough to steal as much money as possible (many, many billions of US$) and flee the country with their family and their fortunes (fortunes at least, new families can be purchased if needed).
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