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Lepi Doptera
Stoic Finance
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Comments by "Lepi Doptera" (@lepidoptera9337) on "Cathie Wood: China Has Already COLLAPSED! You Just Don't Know It Yet..." video.
Huh? IPOs and secondary offerings are perfectly legal and they make money no matter what.
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Ma! I just found the greatest wall of bullshit on the internet today! :-)
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Yes, it is. So what?
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Location, location, location. I would love to live in Sydney and I would be willing to pay big bucks if I could. I wouldn't pay a dime to live in China, not even in the best locations in e.g. Shanghai (and there are very nice neighborhoods in Shanghai). You would have to pay me.
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Unlike the stock market this is real economic activity, though.
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Nobody gives a frell about a 50 cents army troll, kid. :-)
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China was never a very good investment for foreigners. The rules are stacked against foreign investment. That, of course, is not the worst idea of the CCP.
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How does it matter? I can't buy anything for it and neither can the Chinese.
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How would a Chinese real estate crisis spread worldwide? Non-Chinese citizens are not allowed to buy real estate in China, as far as I know.
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How much have you been drinking, Elvis?
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Prosperity and age are two independent dimensions, which complicates the problem. The young didn't get rich in Japan, either. There is quite a bit of existential dread among the younger generation (same in Europe and the US, by the way). China is experiencing a similar development, except that it is even more exaggerated by its regional development. There is a very small number of (now mostly elderly) people who grew rich or at least semi-prosperous in China, but both the younger generation in the cities and pretty much everybody else outside didn't participate in this development. What compounds China's problem is that it has now geriatric leadership for life. The only way that Xi Jinping knows how to get prosperous is the very way that doesn't work any longer.
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Huh? That's bullshit. Economics is the study of scarcity.
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You can keep waiting, kid. China is not going to collapse. It will have to find a way to change from a heavy industries dominated country to a high tech country. The major liability for that is the CCP and its unwise decision to allow for geriatric leadership, again.
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Dude, these are redistribution games like poker. There is never more money on the table at the end of the game than there was at the beginning. At most it has changed hands. None of these activities are even considered "economic activity". It's just one big casino.
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@drmoore4011 Bitcoin, the US stock market bubble... all the same. People who don't have what it takes to start a successful business are mistaking a bet on rouge/noir for an "investment". At lest the Chinese were supporting their heavy industries for a while, but that is now coming crashing down, too.
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Why would the CCP go down? There is no workable form of opposition in China. China will stay a dictatorship and police state for the foreseeable future. The only way for it to reform to a democracy is by the CCP making that change on its own. I wouldn't give that even a 1% chance for the next 50 years and probably no more than a 20% chance for the coming century. The only way for a Chinese citizen to be free is to leave China.
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Where did you pull that bullshit out from?
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I think I have seen you before. You were trolling back then, too. ;-)
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@dirkdiggler9379 What about "You are trolling." did you not understand just now? :-)
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You have clearly never been in a public Chinese restroom. :-)
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