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Bob Roberts
China Observer
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Comments by "Bob Roberts" (@YourHineyness) on "China’s Worst Money Crisis: The $3 Trillion Trust Industry Keeps Collapsing" video.
@kerrytakashi12 And I bet if you traced the ancestry of those families back you'd find them from a certain Middle Eastern tribe, especially Sassoon. That is very, ah, ahem, "Irish".
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I suspect bank depositors will be buying those 50 year bonds, they just won't know it until they go to withdraw their money: "so solly, we investee for you, you can redeem bond when you 132 year old".
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But if they dug too deep they'd start discovering CCP members and we just can't have that.
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Nope. I just looked it up. "Ping An Trust delays repayment, citing China property market woes". By Reuters April 10, 202410:06 PM MDTUpdated 4 days ago
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@ogasdiaz "964 million Chinese have a monthly income of less than $282".---China Business News "600 million Chinese make less than $141 per month".---Former Vice-Premier Li Keqiang Looks like they forget a few while they were pulling everybody out of poverty.
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@NickLim-e4g Chinese is not a race so joke away.---the Internet Woke Police
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Other governments could have done it too but they didn't because they don't have small D syndrome like China does.
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@captainz9 Fractional-reserve banks covered by fractional insurance. Let's hope they got that fraction right.
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The Chinese are nothing if not arrogant, the country and the individuals.
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I think you may find that a lot of the money causing the real estate bubble in Canada, the US, Australia, and London has come from China. The wealthy getting their money out before the crash.
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Every time I hear "normalcy" I cringe. And I'm American. Some of us know better.
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And yet we hear that the CCP printed 1 trillion yuan to put into the economy. Perhaps they just bale it up and deliver it to CCP members' houses in nice neat pre-counted bundles. I've seen video of raids on some of their houses and they literally have bales of money, like bales of hay, in their closets.
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To be replaced by what? The yuan, the rouble, the Euro, the Botswana BongoBuck? The world needs an agreed upon currency for international trade. It's got to be something.
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Did you even watch the video? M2/GDP is over three times as bad in China.
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