Comments by "May L" (@MeiinUK) on "China’s Debtors at Historic High: 8.5 Million Blacklisted! Debt Chain Breaks,Middle Class Impoverish" video.

Even Millionaires that I know, who have earned this much... they also slowly release it over time as well... they would still take out a 20 year mortgages too... and slowly release it.... Even my father did the same too. My grandfather worked hard. And then saved. And then my father saved too. And pull in the strong spending. And we also normally only spend between families. So it seems like it is compounded, but it is within a close circle. Anybody that understands the concept of mah jong understands the concept. It isn't that the pie grew bigger. It is the pie kept circling.... And nobody has more kids, cos they could count how much it means it carries to raise a child. So...
3
It's because there never was a "single and central china".... and "PRC" is man-made in this century... that is why it happens. And also... the old "chinese" that was part of the Treasury. That is, the Imperial Treasury... along with these so called "international finance".. has ruined.. and this is also man-made as well.. cos.. they created a so called electronic payment methods... and also didn't classify or reclassify situations. And they also used the same network, that is used for both media, as well as payments, as well as internet.. everything together... is causing these so called... "boom and bust".... It is like, they are trialling and erroring.. and nobody is taking actual responsibilties. Even if they create a structure. Nobody cares... cos.. frankly.. they have the both the equipments as well as the knowledge to create and recreate again... So... This is why now, their addition of their so called "electronic coins"... It became a : B2B, B2C, C2C, C2B.... they have THAT ? for most of us in the UK and in the US.... Only... B2C exists. And then you don't see the B2B part at all. Cos that is mostly either government controlled, or banking sector tightly controlled. So you definitely do not have the C2C part. And the C2C part, only normally through small gifts. They way they have done things are just.. This is why they are actually going under.
1
For example.. some of their so called "P2P" payments "peer to peer payment" systems.. are basically individuals... lending their own excess cash or money, at a hyped price? Like, a high loan value ??? Think of the same equal example as the BTL landlords in the UK at the moment. This is why it happens. Cos it is higher than the actual Bank of England rate. So what they have done here, is the same too. They are lending more money than they have in their own central banks. And they don't also depreciate either, or slow depreciation as well... and this is also chaos too.. Cos they say that they hold certain amount of foreign capitals as well... (But in reality, since they have the shadow banking, this is not true.) Cos all the foreign banks, if they took back all the foreign cash into their own country. It does not even add up ??? So then... in this situation, you can only create like "time-restricted loans".... i.e. Long term longs. Like, a loan of 100 years. A loan of 50 years. A loan of 25 years... etc etc etc... And you pay it slowly back in time. As in... 1 % per year.. for the rest of your life. But they don't want to do that inside China. Cos they don't accept it. It is either a case of "cash in hand, or nothing at all"... or in their case... "I saw this in the West, then this is normal"... They don't have the entire banking knowledge, or the background information either. As in.. like... Germany have a 100 year mortgage loan... for example.. of even in Japan.. they pay their debts around 1.5 generation? Around 40 years... Even my mortgage is around 20-30 years. Many have around 30 years mortgages... Which is normal. But these individuals.. are not doing that.
1
They could've solved a lot of this by creating regional currencies, and using different ratios. But they didn't do that. They consolidated ALL banks together to be under the Bank of China only. Rather than to become an actual like leveraging lever... They didn't want to do that. So... Anyway, same thing. This is a bit of a fake news as well... cos there are "groups of datas".... as in.. private financial groups.. that you won't see... and that people are a part of. So in effect, you don't know i fyou are living inside the game.. and is using real money, or that you are using fake money either. Cos.... well... It is fairly obvious what is indeed going on. So.... China is very coy usually. They often copy something from the West and always release the same video... to confuse you.
1
@tedthesailor172 : No, you cannot.. only certain individuals. And my father had to have an actual guarantor as well. Maybe only in the UK, and only certain individuals as well. So this is not true at all. I did not have a credit card. I had my own bank card ! Savings from pocket money etc. People had that? So.... to get a loan.. I recall my brother had to find somebody with a business that could indeed act as a guarantor !!!! So NO... This is NOT TRUE !... Or in this case, it did not applied to ALL individuals ! It is both based on your nationality, and also your earnings and it is means-tested too !! And so many individuals did not dare do this either. And yes, I recall that even in the 1990s... a lot of overseas ' students took out so much loan that it also crippled those banks and then they left too. And went back to SE Asia... so now. All of this so called "Wealth management" business is kind of BS, to be honest ? It really is ????
1
@tedthesailor172 : The funny thing is, these individuals kept going as well... as in... they kept borrowing.... and I am sure that they are all over the political tiers as well... Am sure of it. What some of these banks also did when they found out that they are down or low, they took on businesses and acted as the broker between them.. and used their value of their business to re-liquidate back themselves. This is what went on and why HK rose as well... Until they then made more loans than they earned from the small businesses. And at this point, this is whereby they affect other foreign currencies.. and the rest is history... cos then these so called Fin tech. Or tech banks.. or payments, squeezed in and affected the entire globe, like a virus.... (And nobody could control them. Not even now.)
1