Comments by "William Warren" (@wbwarren57) on "China’s 87% Collapse In Dollar Bonds | Pneumonia Update | Chinese Economy: Property, GDP \u0026 Zhongzhi" video.

  1. Summary: CCP, as expected, refuses to publish numbers of children sickened or killed by a new virus just as they have and continue to publish accurate numbers of the Chinese people sickened or killed by COVID. Refusing to publish such numbers does, of course, make it easy for the CCP to claim that they are being more effective than any other nation in confronting this new disease and to declare "victory" over it whenever they wish. CCP announces massive bailout to fund the completion of millions of housing units that the Chinese people are already paying off mortgages on, sometimes for years. This is good news for the parties in CCP China that REALLY matter. Corrupt CCP officials will have another change to enrich themselves by embezzling huge amounts of these funds. Chinese provinces will be able to strongly encourage (force) real estate developers to purchase more property as the unfinished apartments are completed in order to start the real estate Ponzi scheme all over. Construction firms and suppliers of steel and concrete will be able to make huge profits by charging premium prices for services, steel, and concrete that are actually substandard versions of these, and pocketing the cost difference. Normal non-CCP Chinese people (those treated like cockroaches by the CCP) will, of course, suffer. People who are waiting on unfinished apartments will receive tofu dreg apartments that will fall apart almost immediately and will be practically impossible to resell. People who own already furnished apartments and who are still paying off mortgages will see more of their equity disappear as owners of the newly finished properties try to hide any problems and sell them off. All of the Chinese people will be placed under an even greater debt burden that is used to fund the bailouts.
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