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Taylor Griffith
China Observer
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Comments by "Taylor Griffith" (@taylorbug9) on "China Enters ‘Trash Time’! Latest Economic Data Leaked, Faking Can’t Save the Collapsing Economy" video.
I mean, really, your entire rant is so out of touch with the economic environment of China. Have you never heard a single thing about this country before?
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Yep. That's what happened in America in 2008. People went from living in big homes with nice cars and clothes to being homeless and jobless. If their cars were paid off there would be no sense to trade them in for something you'd have to pay a loan on. So you'd have people in nice cars and clothes showing up to the food stamp office. And the people that grew up poor thought these people were scammers. They were just people who used to be fine who are now struggling. No sense in selling paid off things for cheaper, worse versions. So of course they kept their nice clothes and things that wouldn't sell for near their original price.
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@Velereonics it was rough for a lot of families. My mom owned a house cleaning business at the time and a lot of clients dropped off because they couldn't afford luxuries like that anymore.
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@greyrose-j5v this is why the world is always out of whack. The rich are not smart. They have no sight for long term. They will destroy themselves if they keep this up.
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Wow. This entire rant of yours is based on an economy like America's. Theirs is nothing like ours. Here, if a business steals all your money, you can get it back through court. There, you're shit out of luck. And many industries in China have taken millions of people's money and then run with it. Homes, apartments, even child care and banks. These are people who have had their savings and their investments stolen right out from under them with no recourse or way to recoup their loses. Entire cities are being built and left empty.
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@fialee8 A lot of their jobs are for scam companies that do things cheaper and faster than is actually possible. A lot of people make less than poverty wages in factories, and many more live in poor villages that look like they are out of an old-time movie.
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