Comments by "May L" (@MeiinUK) on "60% House Price Seized by Government, Leaving 10% of Homes Unfinished" video.

@jonathanj8303 L That is not what they are doing... and if you look carefully in that video.. do you not noticed the lower level of 3 tier houses ? THOSE are their real houses... and these building blocks? This is the equivalent of what we have in the UK, we call them "commercial buildings"... so what does that mean ? They are effectively following what was done in HK... a trade hub. So then.. this is the other way that those regions would get money dropped into their areas via the central bank etc. (Ever wondered why the Chinese stock exchanges and the market doesn't work ? Well... here we are... Cos it has turned into actual gambling machines, and not a Stock Exchange or market at all.) How could China, afford the high military spending, and the military's salaries ? And kept like, the "entire so called ccp members as "elites " and as "imperial civil servants" ???.... (And they coerce women to marry to them as well. Each one of them has MORE than one WIFE !!!!!! This is like... the opposite of the Tibetan way of life, which was one woman, and many men. If you think that they would follow the law, cos they signed a mere dotted paper for foreigners to see, then you have another thing coming.) This is why.. if you work out the figures for PRC as whole.. how do they transact ? This is precisely why... Commercial buildings, based on credit loans, and administrated by central bank... and not by the free market... (there isn't one, and even if any chinese citizen say that there is, they are misunderstanding the entire diagram !!!!!).. Cos if it was working, then the other countries would not be in debts.. and that there wouldn't be this high a military spending, at all ???.... Even if these people increases consumer spending, it is pointless... why ? Cos they don't have the salaries to spend it on. And then, so they created the thing about celebrities and buying expensive items etc... and yet, even the volume on these is not even enough ??? So then... what is to happen ? People were free to begin with... The state turned them into capitalists.. so this couple is possibly just.... doing their duty by their local governor or something.... And this is why it is filmed. And when you watch the film, then get the royalties and the money. And therefore sustain their economy for a little bit longer.... Isn't this how it works ???....
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@dnomyarnostaw : You are comparing domestic mortgages with commercial building loans. They traditionally... ran in different circular ecosystem.. and doesn't impact one with the other one. When the subprime mortgage situation happened... it gotten worst... Cos the UK tried to save the US.... And the US tried to save that, cos it was those same loans coming out of China.... and China, refused to do retail banking separate with their international bankings... And this was the entire circular thing which blew up... And China, today, no longer are those same people who saved the Asian crisis... Cos now, they are traversing, kicked out the old people, who saved stabilities... and swapped with more assholes... This is all you need to know. Cos ask yourself.. how could a "poor" country... have the followings? 1) Send satelites into the skky. 2) spend so much on militaries and not on their own people. 3) Have more people without food or without shelters without disturbing their every day life with new ideas or new policies? 4) Make their own people run away from their own country, despite everything that other countries have got, is made from them ? So why are they running away from the country, to buy the same thing, which they made at home ?? Which they could buy for LESS ? This Canadian said it well.... and he made a joke about it... https://www.youtube.com/watch?v=oSzgCDIUzq0 A lot of people did not know that, a lot more people sacrificed before they did.. in order to achieve peace and stabilities... and money is always a balancing game ??? So cooperation is always needed to begin with as well.... Always.
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@alexanderchenf1 : I call it an Imperial system, and not a Western system for sure... Cos that it isn't. One thing which PRC should NOT have had.. is the access to the economic models of other countries.. which they pitched against their own ones... Cos they should NOT have had access to that at all. cos if they didn't. Then decisions from their side.. would have been able to "well.. we just have to merge it together"... Because there were so many middlemen consultancies.. to overlook their developments, they did not know what to do.. when those models of other countries, cannot be met any more. And by right, if PRC did not joined WTO. Would that NOT have been a lot better for the globe? Yes, it WOULD have been so !!!! Here we now have PRC neither HERE nor THERE..... 1) The country polluted the most arable rivers, so now the fishes are dead. 2) the food security is now at risk also because of so much house building. And because it is a humid country, it washes those pollution and takes it down every other areas and regions too. 3) Keep growing the population and yet, cannot feed and raise the health standards of the people too. Education isn't even coming together soon enough. Or fast enough. I don't know what else to say....
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They live in the 3 storey houses, and that is based on their own land. As in.. their ancestral land that they owned or something. And then these high rises are used as a commercial loan-backed building.... So, how does PRC raises its GDPs? Flip that commercial loan... Get it ?
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This has nothing to do with "the ccp party", cos the party is separate from the state councils as well... There is also the local regions. They drew boundaries of the different lands for different groupings. They also... did not reform their banking systems as well. Why some of the cities like the shanghai and HK could handle itself, is because of its previous generation of trade of import and exports as well ? PRC has been building a mega infrastructure project for the past 40 years or so. Cos they had the likes of the World Banks sitting in their country... and to dictate them as well.. and the wrong move was... THOSE who were exposed to this confidential knowledge... The USA government did say that, they had a LOT of different... "helps" from various entities from the West.... (PRC had access to the World Bank model of ALL countries.. in the globe.) This is why.. some people hates China right now.. cos they deliberately used these details and info... for themselves.... ?... But they mismanaged it as well.... and then those so called "young educated types" were never prosecuted as well.. cos they basically were winging it... i.e. "Making things up as they go along, without proper analysis or any kind of cushions" at all.... They basically screwed up, because the "land bank" were also not a small region, and they didn't keep lending and relending, because they wanted to make the same way as that of HK as well... which never used to be as such... So... And they didn't actually used a different approach. They went "all or nothing" at the exact same time.. This is why they failed royally. NOthing to say that, they couldn't have created a different regional currency. They could've drawn stricter borders and lines. Could've used a different ratio of... land values.. rather than the same one. And then keep knocking down, and rebuilding, in City A as opposed o City B as well etc. BUT.. because their politicians are like... they are only promoted... based on their regional goals. So therefore, of course, everybody would build houses, to meet their local GDPs.. in order to actually get up the career ladder. So this is what they did, and now, instead of regional bank runs.. they are experiencing the central bank runs... That is why their so called "developers" is going bankrupt. Oh, to add insults to injuries.. a lot of these investments could be foreign ones as well. Plus... local regional banks.. could also handle foreign currencies too.. and hence, they basically use their own "loans" to export those debts into other countries. So now, Sri Lanka is in deep trouble.. because they did that.... Very complicated... (It basically means..."china build some buildings, which were based on a credit card debt.. and now, China has moved that credit card debt to Africa. To Sri Lanka etc.) IF you read it like THAT... you will begin to see why people hates this idea.
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@dnomyarnostaw : I am British Cantonese, of course I know what the HECK is going on !!! And it ISN'T how you are presuming it to be !!! "Early Currency in China With a history of over 3000 years, Chinese currency existed in both Ancient and Imperial China. In 1914, the Silver Dollar was established as the official currency of the Republic of China, with copper, fen, and nickel coins being added in the 1930s. During this time silver appreciated in value, and China could no longer retain the silver standard. In 1935, a new currency known as Fǎbì, was issued. Introduction of the Gold Yuan and Chinese Yuan Renminbi The Gold Yuan replaced the Fǎbì in 1948 at a rate of 1 Gold Yuan to 3 million Yuan Fǎbì. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced at a rate of 1 new Yuan to 10,000 old Yuan. The Renminbi in Foreign Exchange During the command economy, the Chinese Yuan Renminbi was set to unrealistic exchange values and as a result, severe currency guidelines were put in place. When China's economy opened in 1978, the Yuan Renminbi was only used domestically and foreigners used exchange certificates; this led to a powerful black market. From 1997 to 2005, the Chinese government pegged the Chinese Yuan Renminbi to the US Dollar at approximately 8.3 CNY to 1 USD. In 2005, a flexible mechanism of exchange rates was phased in, with the RMB being re-evaluated to 8.1 Renminbi per US dollar. The Chinese government launched a pilot program in 2009, allowing some businesses in Guangdong and Shanghai to execute business and trade transactions with counterparties in Hong Kong, Macau, and select nations. The program has since expanded to all areas of China and all international counterparties. China has also made agreements with Australia, Japan, Thailand, Russia, and Vietnam to allow for direct currency trade, instead of converting to the US Dollar. As a managed float, the Renminbi's value is determined by a basket of foreign currencies."
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@dnomyarnostaw : There is no "chinese consumer mortgages"... why would there be ? There are "mistress villages"... and then there are..."elite clans"... and then there are "the 8 elders".....What exactly are you referring to ? It is like... "a family tree surrounds itself by a single bank/unit".... What exactly is there to deal with here ?? https://www.youtube.com/watch?v=Kk6gfAtwZ7Q&list=PLK7qCnafFFJbWojxFTmN7kmE1RJBD6JbJ&index=28 The Tang Clan is not supposed to be the original settlers.. that is wrong... but they are one of the main Canton provincial names. The current 8 elders. .. they are not necessarily Southern Hans Chinese... Why some buildings fail, and some don't is to do with whose money it is in those banks.. And why some banks won't be supported, and why others would etc.... And if you check-in to Singapore.. how are their banks actually supported? Aren't they mostly a custodian bank only ? And not a lending bank ? Why is it full of family funds ??? If we want to see the old British style of retail banking and investment banking, those days are gone...
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@stephanledford9792 : Why did that happen for the USA ? Cos I had the impression that, there wasn't a unified single system for the USA.. and I am fairly sure and certain that you guys had like. different stock exchanges too... in different areas of the country. Cos somebody posted historical data... about Chicargo having their own exchanges as well... way back when... which is different to the now. The thing is... we must not forget that... global roll up didn't truly happen before.. for the past... and it was always individual and separate as well.... what is happening, doesn't make sense... and some people, say in SE Asia.. they often see, and generalise that "this single country is all the same".... and this is the downfall of the social media, for painting those kind of perceptions as well... cos when you step into real life and figure out things.. this isn't the case. To be fair for clinical statistical angle... a short video of this level.. doesn't show you the overall bigger picture of the entire country... it is just a summarised short... (and i don't get the impression that it summarised very well either).... Cos the summarised story, often, or used to focus on an objective..
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@dnomyarnostaw : FYI... HK was part of the British system... and not the American system. Thanks. And Singapore, supposedly follows the British Common law.. but doesn't actually DO that.... And America's financial systems, has ZERO to do with the ones in Europe !!!! Now.. THERE LIES THE PROBLEMS... Cos China wants to create this entire new model.. to THEIR advantage.. with the suppoed World Bank backing them.. but HOW... do you do that ? Cos with those supposed so called "world banks"... means also that, either PRC has to reform and match it like for like, or that with the PRC being in part of the global financial system. THEY indirectly... inflate.. or reform the other countries. BUT THAT CANNOT HAPPEN... cos those countries need the citizens vote in order to change !!! How can PRC changes the rest of the world, without those populations' CONSENT ?!!!!! PLEASE FFF OFF !!!!!
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@dnomyarnostaw : China needs to retract back their currency in global influences !!!! Other countries, don't owe China anything !!!! And because other countries doesn't protest... and that China keeps actually using military and satelite forces to FORCE other countries' citizens to comply.. such that.. they are creating a warring situation. Cos if those citizens want to vote for war. It will happen !!!!! How can 70 million people support 1.2 billion people? How can 300 million people, support 1.2 billion people? WHY does China keep manufacturing and expecting exports ???? They are already over populated to the extent that, they can't even manage themselves well. After the second world war.. Japan curbed their population growth. e.g. Abortions. Contraceptive. Same with the UK and in Europe too. It is because healthcare exists such that, the need for housing is reduced as well.. and you can easily use your generational pay to pay off any buildings and reach that typical upper limit earnings. The fact that these people, doesn't even know.. and just kept going.. like in a flat organisational structures... WHEN they have never even counted.. what is actually exist in the global world. There is NOT enough... resources in the entire world, for PRC to keep growing. Did you know this ???.... Africa has around another billion people.. India as well. India wears cloths.. and cottons. Africa does not even have CLOTHES !!! Many don't even wear clothes !!!!!! Does PRC REALLY want to "open up the African country's markets" ??!?!!!!! They still have tribes ! Naked tribes ! So does India too !!! And guess what... once upon a time... HK had too ! https://www.facebook.com/theoldhongkong/photos/a.2115985238427412/1970697019622902/?type=3 Don't use.. a mere... 2-3 million people's history... to override that of a whopping 1.2 BILLION citizens !!! And also... WHERE did these people came from ?! Somebody wrote that... even just a mere 40 years ago... there was a reported global population of around 3 billion. And today, it is around 8 billion people ? HOW ??.... And yet, SOME people say that... there are around globally 18 billion mobile phones?!!!? WHY does this exist ? I don't believe in those BS. Do you ??? Somebody is definitely manipulating actual computers here too. HOW is this possible? Especially when.... there are no lights in some or many regions of Africa ??? https://www.youtube.com/watch?v=ZYGd-llxHJE&t=134s
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@lenyrockwell9164 : My dreams are lost already. This will get fed to the Chinese for sure it will.
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It's because they see the "banks" as that of their own health or wealth... Watch carefully... what is happening... there will be some kind of "family clan" hawks... that will as usual.. come into the PRC and sweeps it up... Like the many times over and over again before this time. Always. Often. This is "business".... Watch and listen. Read.
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"Someone is stealing my property ! And they are using those foreigners' words and their foreign currencies against me !!! I have been living on this property for years.. and we paid off the taxes already related to the farms ! How can I have to keep paying again ?!?!!.... Why are you collecting more money from me again ?!!?!.... I OWN THIS PLACE !!!! I don't know what you are doing ! But I have been here around 400 years already !!! STOP THIS !!!! " XI : " WITH THE NEW COMMUNAL AREAS AND DECISIONS THAT WE HAVE MADE IN WITH SO MANY FOREIGN COUNTRIES WE WILL ALLOW THEM TO DO BUSINESS IN YOUR OR NEAR YOUR HOUSE AND YOUR FARM. WE HAVE SIGNED IT OFF ALREADY.....SO THIS IS NOW THEIRS." (Sure... "but I have used this methods in Province A... so why can't I do this again in province B " !!! "DO you know WHO I AM ?!?!!?"...... ) This reminded me of the story... of when I was at universities... I remember being so frugal.. with my money and I counted it so slowly each month, and then also worked as well in my summer holidays. To save up for the living costs for the next year. My father taught me well.. to be a fiscal manager when it comes to one's money. I didn't get... why and how come.. so many overseas chinese students at that time.. from Singapore.. or from HK.. would be able to open a student account. Max it all out... And then leave. And not pay it off before leaving as well. So.. this is whereby subsequent "students" had to have a local guarantor.... who could sign them off here.. in the UK. Now... remind me... WHY are there still people like that now? Even in the PRC.....
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Maybe I should start to write a book as well... a PERSONAL BLOG.... So that, kids can know what to do, and be a righteous person. In later years... HSBC charged people for their credit cards... and those student accounts never got their fees back or money.... And even at that time, I don't think that it was really.... backed by anybody. I know that the Malaysian student ones, were... backed by their own government and had sponsorships. Is this why HSBC then moved to that location and opened up their offices, to claw things back ??? One wonders...
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