Comments by "Bob Roberts" (@YourHineyness) on "$8 Trillion Bad Debts Topple China’s Big Four Banks, Banking Collapse Looming?" video.

  1. No. You can't trust any numbers out of China.
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  2.  @MK_ULTRA420  From what I understand you have to provide an awful lot of personal information when you buy gold. That means the CCP will know right where it is when they want to confiscate it.
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  3. It's like 2008 America where everyone could qualify for a house loan whether they could pay it back or not. Look at how that turned out.
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  4. I used to read the biographies of very wealthy self-made men. Almost all of them had been bankrupt somewhere along the way, but they kept trying and eventually succeeded. The bankruptcy laws allowed that. In China, if you fail one time you are finished forever. As you say, that discourages progress because progress only happens when some people are willing to take the risk.
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  5. I think it may be different in China. I suspect all of these worthless bonds that local governments are selling are being paid for with depositors' money. That's why it's nearly impossible to withdraw money from a Chinese bank: the money isn't there, it's been "invested".
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  6. People who wear small hats.
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  7. I read somewhere that it's over 30 million more men than women.
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  8. The average Chinese is just as crooked as the CCP. When the government isn't ripping them off they are ripping each other off. A culture of predators.
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  9.  @Doug-rv3nr  That's one thing that people don't understand. The CCP is not to blame for the crookedness of China in it's business dealings. The Chinese people have been crooks for centuries and they are renowned for counterfeiting and producing fakes. As you say, it's the bedrock of Chinese culture. Sort of like a certain Middle Eastern tribe.
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  10. Plus demographics is against them. Last year the population of China fell by 825,000 people which is only the beginning. It will drop more each year and accelerate.
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  11. A w0man can be poor but never broke. That gash always has some value.
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