Comments by "Bob Roberts" (@YourHineyness) on "Finished! Unable to Sell Anything, Domestic Demand Dead, 70% Goods Dumped Abroad at Low Prices" video.

  1. When any market is artificially propped up reality eventually asserts itself and there is what Economists call a correction but which the common people call a crash. China has overbuilt housing and manufacturing capacity aided by outside investment and government subsidies. Now that over building is being corrected by the market. They built too much, there's no one buying it, so prices are crashing. As you say an economy built on debt always crashes because lenders don't have enough money to lend forever and eventually the money has to be paid back. When the lending runs out it all crashes. China has a lot further to fall.
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  2. Of course, it's America's fault. "Comet to hit Earth in 2024!!! It's America's fault!!!" @anthonybranco 
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  3. It seems that used car salesmen are alike the world over. But as you say, since Chinese culture is dishonest to the core ("if you can cheat, cheat"), their salesmen take it to a whole new level. For some reason I am not moved to tears for them.
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  4. I've got some jeans that are 30 years old. Of course, they were made in America soooo...
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  5. China is not nearly as important to the rest of the world as it thinks it is.
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  6. They have to protect their ad revenue from Temu. @timboatfield 
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  7. Well, that's OK. They all expect to marry a millionaire and he'll pay all of their debts. 😄
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  8. A.I. and robots.
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  9. The small hats aren't listening.
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  10. "Wise merchants" or crooks? I don't think the Chinese have ever been thought of as honest dealers.
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  11. "high end" means you can use it twice before it breaks rather than just the one time.
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  12. That's to protect your domestic industry. Is it better to be able to buy a dirt cheap car or to have a job? People want the highest wages for their job but when they go to the store they want the lowest prices. You can't have both. High wages = high prices, low wages = low prices. Now it seems that everywhere in the world it's low wages + high prices. It's the 1% of the rich squeezing the last few dollars out of the 99% beneath them. The small hats are winning.
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  13. Always.
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  14. Don't tell Tesla that. @breveth 
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  15. "We numma won, u Yankey pig-dogz suk!!!" They'll be saying that all the way down the drain.
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  16. The Chinese have been crooked greedy money-grubbers throughout history. It's not just the CCP causing it. "If you can cheat, cheat".
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  17. Xi = Mao 2.0
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  18. The propaganda is the "5% growth".
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  19. Others are negative as well: Bloomberg, Wall Street Journal, MSNBC, CNBC, NPR. I love how the CIA is blamed for everything in the world. Flooding in Pakistan "Must be the CIA!". Not a fan of the CIA but I don't think they control the world.
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  20. It seems all of the name brands are made in China too.
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  21. Well gosh, it is called "China Observer". Are you surprised when a channel called "Bev's Gardening" covers...gardening? You must be surprised a lot.
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  22. America did, for awhile, but now the middle class is being squeezed out of existence.
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  23. I don't think the Chinese language has a word for "quality" therefore it is a foreign concept to them.
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  24. So the CIA is responsible for everything you buy from China being crap right out of the box? It's the CIA persecuting Uyghurs and harvesting organs from live people? Wow, that CIA is some badass dudes. Does Xi work for the CIA too?
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  25. 200,000 yuan = $28,500 more or less. Just divide yuan numbers by 7 and you'll be close enough in dollars.
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