Comments by "May L" (@MeiinUK) on "800 Million Chinese in Debt, 400 Million Overdue; Bank Staff Earns Just $1" video.

  1. If you listened to the video, the guy said... "The Chinese USED TO" have around 20 to 30 % savings.... What happened is that, china joined the WTO... As well as.... Leaving behind the silver tie.. and switched to gold as well. Globally, the world worked because different countries pegged themselves to different metals of exchanges, so therefore... The "exchange rates" were based on the different currencies. And those currencies used different blends of metal to make. The stupidity is that even if china had to trade, it didn't have to open up completely and follow a "like for like" against other countries ... China can reform. They could reform their banks. Create more of different types and get to be right. Dump the so called "common prosperity" notion and use a "family but in different location" , or whatever...since a hukuo concept could stay and be stuck to. Then... And don't let AI run wild, but have a human to coordinate and overwrite any possible mistakes. So.... Hukuo used to reflect a clan. A clan reflects generation wealth.
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