Comments by "Bob" (@bobs_toys) on "The Downward Spiral of the Chinese Economy || Peter Zeihan" video.

  1. "SHANGHAI, Oct 7 (Reuters) - China's central bank held back on buying gold for its reserves for a fifth straight month in September, official data showed on Monday, mainly due to a surge in prices for the yellow metal. China's gold holdings stood at 72.8 million troy ounces at the end of last month. The value of the gold reserves, however, rose to $191.47 billion from $182.98 billion at the end of August."
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  2.  @srp7038  and that five percent a year isn't nearly enough, considering it's shrinking and they're getting old fast.
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  3. ​ @BSPBuilder your breeding age population certainly seems to believe it. 2014, 30 percent of newborns were second or third children. 13.83 births poor thousand. 2023, over 50 percent of newborns were second or third. 6.39 births per thousand. 😊
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  4. Your fellow citizens who've decided en masse that they can't afford children would definitely go in for that.
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  5. Crude birth rates per thousand: 2004 12.29 2014 13.83 2023 6.39 Don't tell us things are fine. Tell the roughly 60 to 70 percent of Chinese who'd have expected to become parents but chose not to that things are fine. They're the ones who need to hear it.
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  6.  @TheVeritas2100  considering what's been done to girl babies (and what continues to be done to this day) you can't exactly use births per woman in the same way as any normal country can.
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  7.  @deeznoots6241  please point to three countries that have had a comparable collapse in a decade. Then we can take a look at their level of economic development (not to mention population size) to see how their ability to handle it compares.
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  8. @deeznoots6241  that's three countries that are well, well above China's level of economic development and two that didn't have a comparable collapse in a decade.
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  9. So have you checked the changes in the PRC's debt to gdp ratio over the last decade? Or do you only expect others to say things?
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  10. ​ @Itsme_roydude he's definitely trying to avoid worrying about his retirement. Personally, if I was younger than 40 and living there, I'd be terrified.
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  11. Over the last decade, the number of people deciding to become parents has dropped by about 60 to 70 percent. According to official numbers. What else do you expect an in progress collapse to look like?
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  12. It's been collapsing for years. It's just a work in progress rather than a completed event.
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  13. Correct. Which is why it's not a crime for him to make this video.
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  14. So your median income is 4k USD. Your PPP multiplier is about 2x. So 8k USD. At 5 percent per year, it will take a decade to have your median income reach the US poverty level for spending power. Assuming that 5 percent holds steady. As we can see from the last decade, it won't. Then there's the huge amount of witless hitting retirement age each year for the next decade. Basically, you've got a 2:1 worker to dependent ratio at the moment. Each year, you're 30 million workers further away from maintaining that ratio. So in a decade, you're looking at a 300 million worker shortfall.
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  15. Basically, you were in a race to become rich before you grew old. You lost.
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  16. So what's better? 4.8 percent of 12500 or 2.7 percent of 85000? Keeping in mind the amount you already have in each case.
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