Comments by "May L" (@MeiinUK) on "$400 Million in Gold Vanishes, Sparking Social Panic, Multiple State-Run Gold Shops Abscond" video.

It works in the USA and the UK because we have both laws, and inter-connected relationships etc. That would mean that any mistakes of this nature, would affect somebody else? So to stop them from complaining, we often have to be forced to do the right things. So that they work out, we work out.. everybody works out.. it does not work out, when you try to gun for a systemic error issue as well. So.... if they have no gold, then it means the banks would be affected. So... sometimes, a single citizen, could be duplicating actions that actually stops them from making things work out ?.... So... It is weird. Whereas for us in the UK, we don't.... not really.
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The more I see the news, the more I can see how tough it is to do business inside china... cos... the laws keep changing, and the process to do something is... the volume is so high... and... everything else is just... I used to think that being educated is better... but then I can now see that, being educated as well... just doesn't cut it, since... they don't follow that specific country's laws as well ? So then... they often make mistakes.. or put their own career ideas, above that of the company as well.... And that is when people and things.. just becomes criminalised, SO easily.....
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This is why china should not necessarily move and urbanise their people so easily... and the world bank kept saying that, the citizens ought to move towards the... urban areas... but then again, not all urban workers' children... could "back chase" upwards.. to the same standard. So then.. if you could slowly switch over sometimes... And that takes time... yet, the whole concept of "equal for equal sake" is also not working so easily either... so.... Those kind of "evidence-based" situation is just.... they need that.
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@HKim0072 : Japanese banks... are not private banks like we do have in the UK. Cos those are like "soveign banks"... But Japan is kind of like Korea... or in China... they have "family businesses".... instead... Their banks are more for investments and trade. NOt for yourself, and your own money. Whereas in Europe.. and in the UK.... we have "personal money"... and "company money"... They are both very different.
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@barba928 : China did have gold before.. only certain elites have gone. The rest, they traded with silver.... and various other items... and then they have taxation systems as well... so.... and they farmed for selling with. So that has not changed. China shouldn't have joined the WTO to be honest... cos that notion of needing to stick to a gold standard.. and forget their trading ratios... that is just... It does not make sense. Gold and silver is still traded in SE Asia.. that is why... as "money"...
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@rickstalentedtongue910 : Bank of Japan is an Imperial state bank. So.... It is still THEIR state bank. Although I don't know if they have gold to back it.. but then, they build a group of unsecuritised... around.. the bank itself, in the form of supply-chains etc. So.... and then, globally, there are indeed private banks too. As in, they are not connected to the whole IMF, World Bank... or UN etc etc... So.... and that is related to bonds etc.. which, I don't get how it all works out.
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